National Newswatch

Canadian trade minister vows to keep pushing U.S. on global tax deal

Aug 12 2022 — — POLITICS 2h ago Canadian trade minister vows to keep pushing U.S. on global tax deal Stephen Wicary, Bloomberg News Now ShowingOECD Says 136 Nations Agree to Global Corporate-Tax Accord1:21 OECD Says 136 Nations Agree to Global Corporate-Tax Accord Up NextIreland relents to join global tax restructuring3:22 Ireland relents to join global tax restructuring Canada’s trade […]

Finances worsening for Canadians as inflation surges, poll finds

May 24 2022 — Theophilos Argitis — Canadian households are reporting a sharp deterioration of their finances amid escalating inflation and rising interest rates, polling data show, a worrying development that may foreshadow an economic slowdown. The number of Canadians who say their finances are worse today than a year earlier has reached 41 per cent, according to weekly telephone polling by […]

David Dodge dismisses Poilievre again on pledge to turf Macklem

May 13 2022 — — For the second time in less than a week, David Dodge is dismissing a front-running Conservative Party of Canada leadership candidate’s view on monetary policy and the central bank. “The issue is so simple that there is not a lot to discuss,” wrote Dodge, who was the Bank of Canada’s governor from 2001 to 2008, […]

Trudeau favoured for slimmer victory than hoped

Sep 20 2021 — Theophilos Argitis — Canadian Prime Minister Justin Trudeau appears set to retain power in a close election Monday, but may fall short of regaining the parliamentary majority he’s been coveting. Trudeau’s Liberal Party is likely to win 155 of the 338 seats in the House of Commons, compared with 119 for the opposition Conservatives under Leader Erin O’Toole, […]

Canadian inflation jumps to 3.7%, creating trouble for Trudeau

Aug 18 2021 — — Canadian inflation accelerated to match its highest reading in almost two decades, threatening to become a political headache for Prime Minister Justin Trudeau during an election campaign. The consumer price index was up 3.7 per cent in July from a year earlier, Statistics Canada reported Wednesday in Ottawa. It last hit that level in 2011. […]

‘Smash and grab majority’ a possibility for Trudeau: Nanos

Jul 22 2021 — — There’s a possibility the federal Liberal party has a shot at political majority if, as expected, a snap election is triggered later this summer, according to pollster Nik Nanos. “I think the Liberals feel they may have a chance to have a smash and grab majority,” said Nanos, founder of Nanos Research Group, in a […]

Feds ready to open spending taps for coronavirus and beyond

Nov 30 2020 — — Justin Trudeau, already among the most enthusiastic champions of government spending, will deliver another dose of stimulus to shore up an economic recovery that’s starting to creak amid a second wave of COVID-19 in Canada. Finance Minister Chrystia Freeland is expected to announce billions of additional funding in a fiscal update Monday, with dozens of […]

Trudeau considers adding new social programs to fiscal plan

Oct 29 2020 — — Prime Minister Justin Trudeau’s government is considering allocating billions in annual permanent spending for new programs that may be disclosed as early as next month, according to a senior government official. Finance Minister Chrystia Freeland’s fiscal statement at the end of November could include details on government funding plans for child care, prescription drugs and […]

Bank CEOs said to warn Trudeau against spiraling Canada debt

Sep 14 2020 — — Canada’s largest lenders are warning Prime Minister Justin Trudeau’s government it doesn’t have carte blanche to run massive budget deficits, even though there’s some room for additional spending in the next couple of years. Finance Minister Chrystia Freeland held a call with chief executives from the nation’s biggest banks on Thursday to discuss the economic […]

Trudeau, Morneau set to meet Monday as tensions build

Aug 17 2020 — — Prime Minister Justin Trudeau and Finance Minister Bill Morneau are expected to meet in person on Monday, according to a senior government source. The nature of the meeting is to discuss their working relationship according to the source, who was not authorized to speak on the record. Spokespeople for the Prime Minister’s Office and the […]

Trudeau taps Carney for help in crafting COVID-19 recovery plan

Aug 10 2020 — — Mark Carney, the only person to run two major central banks, is helping Justin Trudeau craft next steps in a plan to pull Canada out of a deep recession sparked by the coronavirus. Five months after stepping down as Bank of England governor, Carney has become an informal adviser on policy matters with the Canadian […]

Manitoba offers Trudeau an olive branch in carbon tax battle

Feb 19 2019 — — At least one conservative party premier in Canada is willing to work with Prime Minister Justin Trudeau on his controversial new carbon tax. While conservative leaders in Ontario, Alberta and Saskatchewan have pledged to fight the levy, Manitoba Premier Brian Pallister says he’s open to renegotiating the rate of the carbon tax with Trudeau’s Liberal […]

Kenney has ‘my support’ in promised fight with Trudeau: Cenovus CEO

Feb 13 2019 — — Alberta United Conservative Party leader Jason Kenney is pushing the right buttons with his promise to fight Ottawa over its energy policy, according to one of the oil patch’s most outspoken executives. “Any time a politician says they’re going to get out there and fight for this industry, they certainly have my support,” Cenovus Energy […]