The Mining Association of Canada (MAC) has welcomed measures included in the 2018 Fall Economic Statement as an important boost to Canadian mining competitiveness.   

The Economic Statement proposes several measures that will enhance the investment competitiveness of Canada’s mining and metal manufacturing sectors.

“The enhanced treatment of capital expenditures in the first year for mining and metal manufacturing provides an important incentive to invest in Canada at a time when the mining industry is enjoying generally stronger commodity prices and is looking at growth prospects around the world,” said Pierre Gratton, President and CEO for MAC. “The write-off of the full cost of clean energy equipment will serve to incentivize investments in northern Canada where access to grid power does not exist, supporting a transition to low carbon energy alternatives…  Extending the METC for five years… is a major boost for mineral explorers and will help Canada recapture the top global position for mineral exploration investment.”