National Newswatch

Canada Inflation Target Under Review as Prices Undershoot

Aug 21 2017 — Theophilos Argitis — Less than a year since completing the last review of its inflation-targeting mandate, the Bank of Canada is starting to prepare for the next one in 2021. Consultations kick off in Ottawa on Sept. 14 with an invitation-only workshop of economists that will be webcast on the central bank’s website. It’s an early public start […]

Bannon Says He’s ‘Going to War for Trump’ After White House Exit

Aug 19 2017 — — Ousted White House chief strategist Stephen Bannon returned to the conservative Breitbart News website on Friday and said he’ll be “going to war” for President Donald Trump, vowing to intensify the fight he has waged against opponents of his brand of populist conservatism. “If there’s any confusion out there, let me clear it up: I’m […]

SNC Targets Canadian Projects as Trudeau’s Plan Gets Jump on Trump’s

Aug 8 2017 — — Canada’s biggest builder is keeping its focus at home even as U.S. President Donald Trump pledges to ramp up infrastructure spending next door. SNC-Lavalin Group Inc. is bidding on projects such as light-rail lines in Ottawa and Toronto and a C$6 billion ($4.7 billion) rapid-transit system for Montreal, as Prime Minister Justin Trudeau follows through […]

Do No Harm in Nafta Talks, Canadian Businesses Tell Trudeau

Aug 3 2017 — Josh Wingrove — The Canadians with the most to lose in Nafta negotiations have a message for Justin Trudeau: Don’t let Donald Trump blow the thing apart. Key industry groups, companies and stakeholders are urging the prime minister to “do no harm” to the North American Free Trade Agreement while seeking updates on labor mobility, rules of origin […]

Canada’s Growth Boom Is Trudeau’s Boon, For Now

Jul 31 2017 — — Canada’s economy is booming, and that’s good news for Justin Trudeau. The question is whether it can last until the next election. Growth in May beat all forecasts, a 4.6 percent expansion on a yearly basis that was the fastest in 17 years. Canada is forecast to lead the Group of Seven in growth this […]

Trudeau Officials Fear the Impact of Speedy Poloz Hikes

Jul 27 2017 — Josh Wingrove — Officials within Prime Minister Justin Trudeau’s government are concerned the Bank of Canada is moving too quickly to raise interest rates, fearing higher borrowing costs could inadvertently trigger a downturn. Governor Stephen Poloz raised the central bank’s key overnight rate this month for the first time since 2010, and another increase is expected by the […]

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 […]