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Ottawa and Alberta Forge Landmark Energy Accord

Prime Minister Mark Carney, left, meets with Alberta Premier Danielle Smith in Calgary on Thursday.   In a move that could redefine Canada’s energy landscape, Ottawa and Alberta have signed a new energy deal aimed at strengthening cooperation between the federal government and the province. The agreement signals a major shift in their often-contentious relationship, focusing on shared priorities such as clean energy investment, emissions reduction, and economic growth. The deal outlines commitments to expand renewable energy projects, modernize infrastructure, and support workers transitioning from traditional oil and gas sectors. Both sides emphasized that the accord is designed to balance Alberta’s economic reliance on energy production with Ottawa’s national climate goals. Observers note that this agreement could mark the beginning of a more collaborative era, reducing political friction and positioning Canada as a stronger player in the global energy transition.
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Canada's Inflation Rate Rises as GST Holiday Ends


Canada's annual inflation rate surged to 2.6% in February, up from 1.9% in January, according to Statistics Canada. This increase follows the conclusion of the federal government's two-month GST/HST holiday, which had temporarily reduced prices on various household staples, gifts, and restaurant bills. The tax break ended mid-February, contributing to a notable rise in consumer prices.

Economists had anticipated a more modest inflation increase to 2.2%, but the actual figures exceeded expectations. Without the tax holiday in place for half the month, inflation would have reached 3%, highlighting the significant impact of the temporary measure.

While gas prices saw a slight monthly increase, their annual comparison showed a deceleration, helping to moderate the overall inflation rate. However, provinces like Ontario and New Brunswick experienced the fastest price accelerations, reflecting regional variations in consumer costs.

This development comes as the Bank of Canada continues to monitor inflation trends closely, especially in the context of ongoing economic challenges. The end of the GST/HST holiday underscores the complexities of balancing temporary relief measures with long-term economic stability.

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