Canada’s Unemployment Rate Climbs, Ottawa to Delay EV Mandate and a Manulife-Shoppers Agreement: Must-Read Business and Investing Stories

Canada’s green future is broken

Canada pauses its EV mandate to address economic and infrastructure challenges, while global renewable efforts continue amid fossil fuel subsidies.

Canada’s unemployment rate climbs, Ottawa to delay EV mandate and a Manulife-Shoppers agreement: Must-read business and investing stories

Plus, a guide to the USMCA renewal talks

Mark Carney’s decision to pause Canada’s EV sales mandate had to happen, industry experts say

In an announcement Friday, Prime Minister Mark Carney ditched a requirement for 20 per cent of vehicles sold in Canada in 2026 to be electric.

GOLDSTEIN: Cancelling EV sales mandate a sign of much bigger problems for taxpayers

Prime Minister Mark Carney was right to kill his government’s mandate that 20% of all new car sales in Canada had to be zero emissions vehicles starting next year – current sales are less than half that – but that’s just the tip of the iceberg of the problem.