National Newswatch

Mnuchin to Wed Fiancee With Trudeau’s Finance Chief Among Guests

Jun 24 2017 — Josh Wingrove — Through summits, bilateral meetings and a Broadway show, Canada has fanned out across the U.S. in a push to strengthen ties with President Donald Trump’s administration. Add a wedding to the list. Treasury Secretary Steven Mnuchin and fiancee Louise Linton are due to be married Saturday in Washington, and Canadian Finance Minister Bill Morneau and […]

Canada Ponders an Unusual Drug Problem: a Shortage of Marijuana

Jun 23 2017 — — The biggest challenge for Justin Trudeau’s forthcoming legal recreational marijuana market is a shortage of pot, the finance minister of Canada’s most-populous province says. Ontario’s Charles Sousa said a supply crunch was discussed during a meeting with provincial and federal counterparts this week. Canada is aiming to legalize recreational pot in the next 12 months, […]

Closed-Door Talks Have Bank of Canada Concerned About Trust

Jun 22 2017 — Greg Quinn — The Bank of Canada’s top policy makers spoke almost twice as often behind closed doors as they did in public over a three year span, according to an internal review that also said private speeches could undermine public trust. Of 229 Governing Council engagements between 2014 and 2016, 64 percent were to private audiences, according […]

Sears Canada Is Said to Prepare to Seek Creditor Protection

Jun 21 2017 — — Sears Canada Inc., the struggling offshoot of Sears Holdings Corp., is preparing to seek court protection from creditors in the coming weeks, according to people familiar with the matter. The court filing will likely lead to a liquidation, with the business sold off in pieces, said one of the people, who asked not to be […]

U.S. Wants Quick Lumber Deal Yet Canada Says Much Work Remains

Jun 19 2017 — Josh Wingrove — Canada’s envoy to Washington says President Donald Trump’s administration is interested in a quick deal to end a softwood lumber dispute although Prime Minister Justin Trudeau’s government sees no imminent agreement. Ambassador David MacNaughton said last week U.S. Commerce Secretary Wilbur Ross told him it would be good to get a softwood deal before renegotiation […]

Canada-EU Trade Deal Is a Model in Automation Era, Trudeau Says

May 30 2017 — Josh Wingrove — The Canada-EU trade agreement is “a blueprint for future ambitious trade deals’’ in an age of automation where job security is threatened, Prime Minister Justin Trudeau says. Trudeau, in a speech to lawmakers and business figures in Rome, lauded the pact as a model in an era of protectionism. The speech comes as Trudeau faces […]

Ambrose Says Trudeau Is Doing Good Job on Nafta

May 29 2017 — — Former Conservative Interim Leader Rona Ambrose joins Bloomberg TV Canada’s Lily Jamali to discuss the new Conservative leader Andrew Scheer, the party’s new priorities ahead of the 2019 federal election, and the Trudeau government’s approach to trade. (Source: Bloomberg)

Trudeau Tiptoes Toward Trump Trade Talks as Nafta Clock Ticks

May 29 2017 — Josh Wingrove — Justin Trudeau really didn’t want to talk about Donald Trump. After three days together at a pair of meetings in Europe, Trudeau spent a press conference bobbing, weaving and ducking questions from reporters about his U.S. counterpart. The barrage of media queries came as the 43rd Group of Seven summit in Sicily ended with the […]

Trump Rules Out Moving Israel Embassy to Jerusalem for Now, Official Says

May 17 2017 — — President Donald Trump has decided not to immediately move the U.S. embassy in Israel to Jerusalem, a senior White House official said, violating a campaign promise but avoiding a provocation that could drive Palestinians away from peace talks. The official said the administration considers its discussions with both the Israeli government and the Palestinian Authority […]

Trump Aides Race to Limit Fallout From Report on Disclosure

May 15 2017 — — President Donald Trump’s top foreign policy advisers raced to contain political damage from a report saying he revealed sensitive classified information to Russia’s top diplomat during an Oval Office meeting last week. The president, already fending off questions about his firing of FBI Director James Comey amid an investigation of possible collusion by Trump associates […]

Trump’s Premium on Loyalty Poses Hurdle in Search for FBI Chief

May 14 2017 — — The job description for FBI director under President Donald Trump includes an unusual requirement: personal loyalty to him. Just after Trump took office, the new president summoned James Comey to the White House and asked the now-fired FBI chief to pledge loyalty to him, according to an associate who’s spoken directly with Comey in the […]

Preston Manning Says Trudeau Could Stimulate Populism

May 9 2017 — — When it comes to Trump or Le Pen style populism, Canada remains the odd country out with little sign of any kind of populist revolution on the horizon. Bloomberg’s Rudyard Griffiths discusses Canadian populism with Preston Manning, the founder and former leader of the Reform Party, and founder and president of the Manning Centre. (Source: […]

Major Bombardier shareholder votes against compensation plan, withdraws support for chairman

May 9 2017 — — Bombardier’s biggest outside shareholder has pulled its support for chairman Pierre Beaudoin, the last executive link to the manufacturer’s founding family, after he backed a compensation plan that sparked a public furor. The manufacturer’s board should be led “by a fully independent director,” Caisse de dépôt et placement du Québec, Canada’s second-largest pension-fund manager, said […]

Trudeau Bestows $26 Billion Infrastructure Bank on Toronto

May 8 2017 — Josh Wingrove — Justin Trudeau is setting up his new infrastructure bank in Toronto, rebuffing a campaign from the heart of Canada’s oil patch to see it headquartered outside the country’s financial hub. Infrastructure Minister Amarjeet Sohi announced the location Monday as he launched a search for a chairperson, board and chief executive officer of the bank, which […]