Economy
UN chief’s call for ambition on climate gets muted response

Egyptian foreign minister Sameh Shoukry, left, and Denmark’s climate minister, Dan Joergensen speak during a press conference at the Copenhagen Climate Ministerial, in Copenhagen, Tuesday, March 21, 2023. Senior government officials gathered for a climate meeting in Copenhagen gave a muted response Tuesday to calls from the head of the United Nations for countries to show greater ambition when it comes to reducing greenhouse gas emissions. (Liselotte Sabroe/Ritzau Scanpix via AP)
By Frank Jordans in Berlin
BERLIN (AP) — Senior government officials at a climate meeting in Copenhagen gave a muted response Tuesday to calls from the head of the United Nations for countries to show greater ambition when it comes to reducing greenhouse gas emissions.
U.N. Secretary-General António Guterres urged rich countries Monday to bring forward their target for achieving net zero emissions as close as possible to 2040, and for emerging economies to aim for a date as close as possible to 2050. This would be a significant shifting of the goal posts: the United States and the European Union are currently aiming for net zero by 2050, while China is targeting 2060 and India has set a deadline of 2070.
Guterres’ call came in a video message responding to a new report by the U.N.’s top climate science panel which found that the world is still far off track if it wants to cap global warming at 1.5 degrees Celsius (2.7 Fahrenheit) compared to pre-industrial times, as agreed in the 2015 Paris accord. He did not attend the Copenhagen meeting.
Speaking at the end of a two-day meeting in the Danish capital of senior officials from dozens of countries, Egypt’s foreign minister said there was no “specific answer to the aspirational goals” set out by Guterres.
“These goals will be, I’m sure, addressed within the national context and within the national abilities,” said Sameh Shoukry, who chaired last year’s U.N. climate talks in his country.
Shoukry said Egypt would have to rely on the transfer of technology “from our friends and partners” to wean itself off fossil fuels and ramp up the use of renewable energy. The country has already benefited from a number of deals and investments to green its economy in recent years.
Denmark’s climate minister, Dan Jørgensen, said his country recently brought forward its net zero target to 2045, and aims to capture more carbon than it emits by 2050. That puts Denmark far ahead of most advanced economies, though its neighbor Germany is also targeting net zero by 2045 and Finland has said it wants to achieve that goal by 2035.
The meeting in Copenhagen is one of several taking place before the U.N. climate talks in the United Arab Emirates at the end of the year.
Asked whether that summit could again see negotiations on a global pledge to phase down all fossil fuels, Jørgensen said he had “no doubt” that it will be discussed.
“Whether or not we will reach that result in Dubai later this year is of course difficult to say,” he said. “But I think we can say for sure that it will be a part of the conversation.”
Other important topics to resolve over the coming months concern how to increase funding for poor nations — including those already suffering the effects of global warming — and taking stock of what’s been achieved internationally so far since the 2015 Paris climate accord was sealed.
Business
Unemployment rate ticks higher in May for first time in nine months: StatCan
OTTAWA — Statistics Canada says the unemployment rate rose to 5.2 per cent in May, marking the first increase since August 2022.
The federal agency says overall employment was little changed last month as the economy lost a modest 17,000 jobs.
The job report comes two days after the Bank of Canada raised its key interest rate by a quarter of a percentage point, citing concerns about a string of hot economic data, including low unemployment.
The unemployment rate previously hovered at five per cent for five consecutive months.
Last month, there were fewer people working in business, building and other support services as well as professional, scientific and technical services, while employment rose in manufacturing, utilities and services such as maintenance.
Meanwhile, wages continued to grow rapidly in May, rising by 5.1 per cent compared to a year ago.
This report by The Canadian Press was first published June 9, 2023.
The Canadian Press
Business
Liberal budget bill passes in House of Commons after Conservative filibuster attempt

Parliamentarians passed the Liberal government’s budget bill today, rolling out new incentives for Canadians and support for Ukraine, while trumping the Conservatives attempt to block it all. Deputy Prime Minister and Minister of Finance Chrystia Freeland delivers the federal budget in the House of Commons on Parliament Hill in Ottawa, Tuesday, March 28, 2023. THE CANADIAN PRESS/Sean Kilpatrick
Ottawa
The House of Commons passed the Liberal government’s budget bill today, which seeks to roll out vast new incentives for clean energy and expending dental care subsidies — despite a Conservative attempt to hold it up.
The bill passed 177 to 146 with the support of Liberals and New Democrats, while the Tories and Bloc Québécois voted against it.
The bill includes a new anti-flipping tax for residential properties, a doubling of tradespeople’s tools deduction and an enhancement to the Canada workers benefit, a refundable tax credit to help low income workers.
It also codifies sanctions on Russia following its invasion of Ukraine, and raises tariffs on Russia and Belarus.
The Conservatives attempted earlier this week to delete much of the bill by introducing amendments eliminating 900 of its clauses, saying they want a plan to balance the budget amid projections that show no end to federal deficits in sight.
The Senate must also pass the budget bill before it can become law, and senators have already been devoting hours study to its provisions.
This report by The Canadian Press was first published June 8, 2023.
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