Budget 2024

Tax and spend fiscal plan will inhibit growth

Michael Gullo urges Canada to move quickly to take advantage of Canada’s critical mineral opportunity. The BCC’s recent energy transition report and Mr. Gullo’s perspective were featured in an article by The Hill Times about Canada’s growing mining, EV and battery sectors.

“In our thinking, which we’re explaining to governments, particularly around critical minerals in the regulatory reform space, is that we really need to get creative and identify some solutions that will allow us to build more mines more quickly. Canada’s market share is healthy, but it has very significant competitors. The U.S. is moving very quickly in this space. They’re opening up new mines at an unprecedented rate. The revenues that they’re collecting through their mining projects is really a competitive risk that Canadian firms need to be able to respond to.”

Michael Gullo, Vice President of Policy, Business Council of Canada