OPEC Surprise Cut and Canada’s Budget 2023
Episode description
On April 2, OPEC surprised the markets by announcing a large production cut. Oil prices jumped about $5 a barrel on the news. On March 28, the 2023 Canadian Federal Budget was released which included additional details on investment tax credits (ITCs) and other incentives to support clean energy investment. This week on the podcast, Peter and Jackie discuss both the OPEC cuts and the 2023 Budget.
Content referenced:
- Canada Budget 2023
- Jackie Forrest’s Globe and Mail Article from November 2022 “We built the railway in five years. So why are so many megaprojects now stalled?”
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