A green and just recovery would benefit all Canadians
Canada, with its own sovereign currency, can create billions in new money simply by selling bonds to its central bank, something the government has been doing at the rate of $5-billion/week since March. As long as inflation remains low there is little risk in the government continuing to do so. If there ever was a time to take that slight risk and to spend big, it is now.
Canada's federal Environment Minister Jonathan Wilkinson, pictured. Mega-investing in green technologies is imperative and will bring employment opportunities, although it is not a panacea in economic or environmental terms. Particular attention must be paid to the equity dimension of a green industrial strategy, write Kyla Tienhaara and Ronald Labonté. The Hill Times photograph by Andrew Meade