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General Market Commentary
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General Market Commentary
Canadian mining industry responds to federal election results
The Mining Association of Canada (MAC) and the Prospectors and Developers Association of Canada (PDAC) have congratulated Prime Minister Justin Trudeau on his election victory, saying that they looked forward to working with his government.
MAC president and CEO Pierre Gratton said on Tuesday that it would be important that the federal government policy continued to provide a competitive investment climate to ensure the success of the mining industry.
The Liberal platform specifically included commitments on resource sector electrification and zero-emission vehicles, Indigenous reconciliation, and infrastructure investments, particularly in Canada’s North where tremendous opportunities for the mining sector exist. Similarly, the other party platforms also included commitments related to infrastructure, innovation, investing in the North and sustainability, presenting opportunities for collaboration.
“While Canada has long benefited from a prosperous minerals and metals industry, the country is not immune to global competitive forces and cannot take the benefits and opportunities that exploration and mining present to Canadians for granted,” continued Gratton.
“With the strong building blocks Canada already has in place, and with mineral exploration and mining playing a critical role in the low-carbon future, the need to support one of the country’s most vital sectors is more important now than ever before.
“It will be important to ensure our sector is a key aspect of federal government policy, as providing a competitive investment climate is critical to the success of our industry and the contribution we make to the overall strength of the Canadian economy.”