The federal government has expanded its carbon capture tax credit program to include enhanced oil recovery (EOR), formalizing a reversal of its earlier position. EOR involves injecting captured CO₂ into aging oil fields to extract additional crude. While the process uses carbon capture technology, it also increases oil production, making the policy shift controversial. Critics argue the move undermines Canada’s climate goals and effectively subsidizes fossil fuel expansion. T

Canada lost about 84,000 jobs in February 2026, far worse than economists expected. As a result, the unemployment rate rose to 6.7%, up from 6.5% in January. Most of the losses came from full-time and private-sector jobs, with retail, wholesale, manufacturing, and construction among the hardest-hit sectors. Youth workers were particularly affected, losing about 47,000 jobs, pushing youth unemployment above 14%. The weak report follows another 25,000 jobs lost in January, mean

British Columbia’s Budget 2026 is a plan built on disciplined choices to handle global economic uncertainty. The government is focused on protecting core services like healthcare and education while managing rising costs. To do this, they are making significant changes to how the province collects revenue and manages its workforce. One of the most direct changes involves the provincial tax system. The first income tax bracket is increasing slightly from 5.06% to 5.60%. While