Forex
$3 Trillion Boost: Electrifying Canada Could Spark Economic Growth
A new report from New Economy Canada and the Canadian Chamber of Commerce has found that doubling Canada's electricity supply could add $3 trillion to the economy by 2050, supporting 1.6 million additional jobs.
The study, titled 'Powering Canada's Growth: The Economic Case for an Electrified Economy,' used macroeconomic modeling to compare an electrified-economy scenario with a business-as-usual future based on current policies and measures.
'Amid discussions of what an electrified economy will cost, we now have a clearer picture of what it could return, trillions in additional economic activity and over a million jobs,' said Ian Bruce, president of New Economy Canada.