Freeland Touts Opportunities of US Inflation Reduction Act at Ministers’ Meeting

Freeland Touts Opportunities of US Inflation Reduction Act at Ministers’ Meeting
Chrystia Freeland, centre, Canada’s Deputy Prime Minister and Minister of Finance laughs next to Eric Girard, right, Minister of Finance of Quebec after a group photograph during the Finance Ministers' Meeting in Toronto, on Feb. 3, 2023. The Canadian Press/Nathan Denette
The Canadian Press
Updated:
The two big spending pressures on the federal government right now are health care and the global transition to a clean economy, Deputy Prime Minister and Finance Minister Chrystia Freeland said Friday.
After hosting an in-person meeting with the provincial and territorial finance ministers, Freeland said U.S. President Joe Biden’s Inflation Reduction Act, which includes electric-vehicle incentives that favour manufacturers in Canada and Mexico as well as the U.S., has changed the playing field when it comes to the global competition for capital.