IMF applauds Canada's climate action, warns of 'race to the bottom' with subsidies

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IMF applauds Canada's climate action, warns of 'race to the bottom' with subsidies
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The International Monetary Fund warns that Canada\u0027s green subsidies could stoke an international race to the bottom. Read more.

It also says Canada should consider a standard incentive regime to promote fairness and transparency, instead of negotiating company-specific packages.

On the fiscal policy front, the IMF says government spending should remain tight to help bring inflation down. It’s also recommending better fiscal anchors, or rules, to balance spending with revenues.Article content The international agency says Canada should work to rebuild its fiscal buffer, which would allow government to address any future crises that require higher spending.

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