EJQ6 - Fall 2025 - Journal - Page 28
General Market Commentary
THE BANK OF CANADA reduced its target for the overnight rate by
25 basis points on September 17, 2025 to 2.5 per cent. According to the
Bank, after remaining resilient to sharply higher U.S. tari昀昀s and ongoing
uncertainty, global economic growth is showing signs of slowing.
When it comes to environment and energy related investments, Prime
Minister Mark Carney has announced the launch of the new Major
Projects O昀케ce (MPO). The MPO will work to fast-track nationbuilding projects by streamlining assessment and approvals and helping
to structure 昀椀nancing, in partnership with provinces, territories,
Indigenous Peoples, and private investors.
“At this pivotal moment, we promised Canadians we would deliver
results—building Canada into an energy superpower and the strongest
economy in the G7,” said Tim Hodson, Minister of Energy and Natural
Resources, who said the announcement of the MPO is “a leap forward
in achieving those results in a responsible strategic way so we can
transform how we build in this country for today and into the future.”
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