3 result(s) for “Global Markets”
Ottawa’s decision to list the proposed Pacific Link pipeline as Canada’s first Project of National Interest has heightened immediate business calculations and political tensions, with industry, provincial leaders and Indigenous groups all recalibrating plans for jobs, investment and consultation.
With the federal government fast tracking the Pacific Link pipeline, Canadian oil producers and contractors are preparing for major capital bills to expand output and transport capacity. Analysts warn the move will push spending into the tens of billions and reshape regional labour markets and provincial finances.
The Bank of Japan has raised its policy rate to 1.25%, its highest level in 31 years, as inflation risks increase. Yet the yen weakened after the decision, highlighting uncertainty over how quickly Japan will continue tightening monetary policy.