National Newswatch
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Canada’s `Lightweight’ Budget Is Mostly Wait and See on Trump

Mar 23 2017 — — He wasn’t mentioned once, but U.S. President Donald Trump was all over Canada’s minimalist budget. Prime Minister Justin Trudeau hit the brakes on new spending and major tax changes in a wait-and-see budget that marked a major shift for his activist administration, which last year unveiled an ambitious deficit-spending plan to stoke growth. It’s a […]

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Trudeau to Make Case That Growth and Redistribution Can Co-Exist

Mar 22 2017 — Theophilos Argitis — Prime Minister Justin Trudeau will try to convince Canadians he’s just as good at generating growth as he is at handing out checks. Bill Morneau, his finance minister, releases a budget at 4 p.m. Ottawa time that will address the country’s lackluster economic performance, and will lay out how the Liberals, who came to power […]

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Trump Said to Pick Donor Kelly Craft for Ambassador to Canada

Mar 1 2017 — — President Donald Trump has chosen Kelly Knight Craft, a long-time donor to Republican campaigns, including his own, as ambassador to Canada, according to a person familiar with the matter. Craft accepted the nomination and is completing the paperwork process required before Senate consideration, said the person, who asked not to be identified because the appointment […]

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Trudeau Says EU Must Spread Trade’s Benefits or Risk Its Decline

Feb 16 2017 — Josh Wingrove — The trade pact between Canada and the European Union approved this week could be one of the world’s last multilateral trade deals unless policy makers share the benefits more widely, Canadian Prime Minister Justin Trudeau told European lawmakers. Trudeau addressed the European Parliament in Strasbourg, France, on Thursday after both it and Canada’s House of […]

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Trump Team Leery of Having Too Many ‘Goldman Guys’ in Top Posts

Feb 12 2017 — — Goldman Sachs Group Inc. banker Jim Donovan is under consideration for the No. 2 job at the Treasury Department, said a person familiar with the deliberations, but he’s got one big thing working against him. Too many “Goldman guys” already have high-up positions in the Trump administration, the person said, and that could knock Donovan […]

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Germany Picks Anti-Trump President as Trans-Atlantic Bonds Fray

Feb 12 2017 — — Frank-Walter Steinmeier, the former German foreign minister who was a vocal critic of Donald Trump during the U.S. election, is poised to become the country’s 12th postwar president. The Social Democrat who served two stints as foreign minister under Chancellor Angela Merkel emerged as her governing coalition’s candidate last November as the parties sought to […]

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Canada’s AAA Rating Is on Thin Ice

Feb 10 2017 — — A Triple-Eh credit rating? For Canada, maintaining the trust of borrowers is a source of national pride, like winning the gold medal in Olympic ice hockey: hard-earned international validation of the nation’s skill, discipline and strong stewardship. But Fitch Ratings is warning that the country’s prized standing in the eyes of creditors may suffer because […]

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Australia Strives for ‘TPP Minus 1’ After Trump Withdraws

Feb 8 2017 — — Australia will push the case for a Pacific trade deal without the U.S. at a meeting with other potential members in Chile next month, Trade Minister Steven Ciobo said. The Trans-Pacific Partnership remains “absolutely” relevant without the U.S. and the text of the accord would only need minor tweaking to allow for America’s withdrawal, Ciobo […]

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Trudeau’s Growth Guru Urges Deeper North American Trade Ties

Feb 6 2017 — Greg Quinn — Canadian Prime Minister Justin Trudeau should keep touting the benefits of global trade to skeptical voters and seek even deeper ties within a successful North American trade zone, according to a report from the government’s Advisory Council on Economic Growth. The report Monday comes as U.S. President Donald Trump says the North American Free Trade […]

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Resisting Trump Tariffs Would Be Futile for Trudeau, Report Says

Jan 25 2017 — Greg Quinn — Donald Trump is holding a big stick over Prime Minister Justin Trudeau in pending trade negotiations because retaliating against any new tariffs would do even more damage to Canada’s economy, a new study shows. After a protectionist campaign, the new U.S. president said he intends to act fast on renegotiating the North American Free Trade […]

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Canada Evokes Reagan in Bid to Make U.S. Green Again Under Trump

Jan 25 2017 — Josh Wingrove — Donald Trump is no environmental icon, but Catherine McKenna thinks she can win him over. Canada’s environment minister is holding out hope the new U.S. administration won’t derail global efforts to cut emissions — even amid jarring differences in approach. Prime Minister Justin Trudeau’s government has beefed up regulatory review of pipeline approvals and is […]

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Optimism Emerges in Canada in Spite of Trump’s TPP, Nafta Moves

Jan 24 2017 — Josh Wingrove — On a day when Donald Trump backed out of one trade deal that included Canada and pledged to reopen a second, signs of optimism emerged from Justin Trudeau’s government that it can escape the upheaval relatively unscathed. Trudeau’s cabinet is meeting in Calgary with Trump atop the agenda. The lawmakers hosted Stephen Schwarzman, chief executive […]