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The official opposition Conservatives, who blame Trudeau for housing shortage and spiking inflation, have consistently been ahead in the polls for over year. "Bringing in fresh energy with new members and new challenges was important for our economic team in particular," Trudeau told reporters after the shuffle. [1/5]Canada's Prime Minister Justin Trudeau poses for a family photo with cabinet ministers, following a cabinet shuffle, at Rideau Hall, in Ottawa, Ontario, Canada, July 26, 2023. REUTERS/Blair GableConservative leader Pierre Poilievre pounced on the shuffle, calling it evidence of the prime minister's failures. "Justin Trudeau may have fired many of his cabinet ministers today, but he's just as out of touch as ever, doubling down on his inflationary, high-spending and high-taxing ways," he said in a statement.
Persons: Justin Trudeau, Trudeau, Chrystia Freeland, Francois, Philippe Champagne, Melanie Joly, Sean Fraser, Frank Graves, Blair Gable, Pierre Poilievre pounced, Jagmeet Singh, Kurl, Angus Reid, David Ljunggren, Steve Scherer, Ismail Shakil, Paul Simao, Mark Heinrich, Deepa Babington, Mark Porter Organizations: OTTAWA, Canadian, Liberal, Finance, Innovation, Infrastructure, Conservatives, Abacus, Canada's, Rideau Hall, REUTERS, Blair Gable Conservative, New Democrats, New, Angus, Angus Reid Institute, Liberals, Thomson Locations: Ottawa , Ontario, Canada
REUTERS/Chris Helgren/File PhotoVANCOUVER, July 19 (Reuters) - Striking dock workers on Canada's Pacific coast on Wednesday issued a new 72-hour walkout notice just hours after a federal watchdog ruled their current stoppage was illegal. Amid mounting calls for resolute government action to end the strike, Prime Minister Justin Trudeau convened a meeting of the Incident Response Group. Some 7,500 dock workers have been picketing the two ports almost non-stop since July 1. Its leader, Jagmeet Singh, ruled out support for a law to end the strike. That means Trudeau would need the votes of the Conservatives, who have been trying to court workers and unions, or the separatist Bloc Quebecois.
Persons: Chris Helgren, Justin Trudeau, Trudeau, Prince Rupert, Omar Alghabra, David Eby, Pierre Poilievre, Jagmeet Singh, Steve Scherer, Ismail Shakil, David Ljunggren, Nia Williams, Chris Reese, Jonathan Oatis, Daniel Wallis, Leslie Adler Organizations: International, Warehouse Union, REUTERS, VANCOUVER, Minister's, Canada Industrial Relations, Reuters, Canadian Manufacturers, Ministers, Canadian Chamber of Commerce, New Democratic Party, NDP, Conservative Party, Conservatives, Bloc Quebecois, Liberal, Thomson, & ' $ Locations: Vancouver , British Columbia, Canada, Vancouver, Ottawa, Alberta, Saskatchewan, British Columbia
[1/2] A helicopter passes idle shipping cranes towering over stacked containers during a strike by the International Longshore and Warehouse Union Canada (ILWU) at Canada's busiest port of Vancouver, British Columbia, Canada, July 11, 2023. REUTERS/Chris Helgren/File PhotoOTTAWA, July 19 (Reuters) - Canada's Transport Minister Omar Alghabra on Wednesday said he was running out of patience with striking Pacific dock workers when asked if the government would pass back-to-work legislation, a politically tricky move that requires opposition support. The left-leaning New Democrat Party (NDP) has been helping Trudeau's minority government pass legislation in parliament, but on Wednesday NDP leader Jagmeet Singh ruled out support for legislation forcing workers back on the job. "Don't signal in any way that you're going to bring a back-to-work legislation because that's going to undermine the workers," Singh told reporters was his message to the government when asked about back-to-work legislation in Windsor, Ontario. It also means that the Liberal-NDP deal that is keeping the government going could be put under strain if Trudeau chooses to force an end to the strike.
Persons: Chris Helgren, Omar Alghabra, Alghabra, of Prince Rupert, Pierre Poilievre, Justin Trudeau, Jagmeet Singh, Singh, Trudeau, Ismail Shakil, Chizu Nomiyama, Andrea Ricci Organizations: International, Warehouse Union, REUTERS, OTTAWA, Canada's, Canadian Manufacturers, Canada's Conservative Party, Liberal, New Democrat Party, NDP, Conservatives, Bloc Quebecois, Thomson, & ' $ Locations: Vancouver , British Columbia, Canada, Argentia, Newfoundland, Port of Vancouver, of, Windsor , Ontario, Ottawa
OTTAWA, June 7 (Reuters) - The Bank of Canada on Wednesday hiked its overnight rate to a 22-year high of 4.75%, and markets and analysts immediately forecast yet another increase next month to ratchet down an overheating economy and stubbornly high inflation. Noting an uptick in inflation in April and the fact that three-month measures of core inflation remained high, the Bank of Canada (BoC) said that "concerns have increased that CPI inflation could get stuck materially above the 2% target." However, Canada Finance Minister Chrystia Freeland said the economic rebound from the COVID-19 pandemic and Russia's invasion of Ukraine has been stoking price increases. "To bring demand lower, which is the bank's goal to achieve their 2% inflation target, we just simply need more tightening." The BoC said it would continue to assess economic indicators going forward to see if they "are consistent with achieving the inflation target."
Persons: Derek Holt, Paul Beaudry, Canada's, Pierre Poilievre, Justin Trudeau, Chrystia Freeland, Andrew Kelvin, Steve Scherer, David Ljunggren, Fergal Smith, Divya Rajagopal, Nivedita Balu, Mark Porter Organizations: OTTAWA, Bank of Canada, Wednesday, Canadian, Scotiabank, BoC, Conservative Party, Liberal, Canada Finance, TD Securities, Thomson Locations: British Columbia, Ukraine, Canada, Toronto
While a federal election is not due until 2025, housing affordability is among the top concerns for Canadians who have grappled with supply shortages. The Liberal Party government's ambitious plan to welcome 500,000 immigrants per year by 2025, or about 1.25% of its population, is expected to fuel robust demand for housing. In April 2022, the Liberal government announced plans to double housing construction over the next decade. It's been 8 years (since he took power), and now, housing costs have doubled," Poilievre said on Twitter earlier this month. Speaking with the heads of Canada's municipalities last week, Trudeau said the government's next "long term infrastructure" plan will be revealed this autumn.
Persons: Justin Trudeau, Randall Bartlett, Bartlett, Pierre Poilievre, Trudeau, Poilievre, Darrell Bricker, they're, Bricker, James Laird, Laird, Fergal Smith, Steve Scherer, Marguerita Choy Organizations: TORONTO, Bank of Canada, Liberal Party, Desjardins, Liberal, Housing, Canada Mortgage, Housing Corporation, Canadian Home Builders ' Association, Reuters, Conservative Party, Twitter, Toronto Area, Public Affairs, Thomson Locations: Toronto, Ottawa
[1/2] Danielle Smith of the United Conservative Party (UCP) gestures during her party's provincial election night party after a projected win in Calgary, Alberta, Canada May 29, 2023. Smith, leader of the United Conservative Party (UCP), defeated left-leaning New Democratic Party leader Rachel Notley on Monday, and immediately targeted Trudeau, threatening the country's ambitious climate goals. Some analysts have said deep emissions cuts are not possible without reducing oil production, which Smith fiercely opposes. "As premier I cannot under any circumstances allow these contemplated federal policies to be inflicted upon Albertans." "One of the challenges is there is a political class in Alberta that has decided that anything to do with climate change is going to be bad for them or for Alberta," Trudeau told Reuters in a January interview.
OTTAWA, May 4 (Reuters) - Canada's Prime Minister Justin Trudeau will kick off what is likely to be the last Liberal Party convention before the next election on Thursday, and though fatigue with his government has deepened there is little question that he is fully in command of his party. Though some cabinet members and former central banker Mark Carney appear to have ambitions to lead the party after Trudeau, no one has come out publicly against him. "Trudeau is the party brand, for better or worse," said Shachi Kurl, president of Angus Reid research group. Conservatives would win 35% of the vote compared to 29% for the Liberals, according to the Angus Reid poll. But in Montreal, the Liberals lead 38% to 15%, and in the suburbs of Toronto the Liberals are ahead 40% to 34%, Angus Reid said.
REUTERS/Dado Ruvic/Illustration//File PhotoApril 18 (Reuters) - Public broadcaster Canadian Broadcasting Corporation (CBC) on Tuesday pushed back against Twitter's move to label it "69% government funded media," saying it had complete editorial independence. The Elon Musk-owned social media platform had on Sunday stamped CBC with a label that said it was government-funded media, after placing similar notices for U.S. broadcasters NPR and PBS. "Canadian Broadcasting Corp said they're 'less than 70% government-funded', so we corrected the label," Musk said in a tweet on Monday. "The real issue is that Twitter's definition of government-funded media means open to editorial interference by government. Twitter defines its "government-funded media" label as "where the government provides some or all of the outlet's funding and may have varying degrees of government involvement over editorial content".
March 22 (Reuters) - President Joe Biden plans to have a brief meeting with Canadian Prime Minister Justin Trudeau's biggest political rival during an official visit to Canada that begins on Thursday, a senior administration official said. It's not uncommon for a U.S. president to meet with the opposition leader during visits to Canada. Biden is also expected to meet and say hello to all the opposition leaders as part of the welcoming ceremony on Thursday. Biden will be in Ottawa, the capital, on Thursday and Friday to address Parliament and meet with Trudeau. He did hold his first bilateral meeting as president with Trudeau, albeit virtually.
OTTAWA, March 21 (Reuters) - Canadian Prime Minister Justin Trudeau bowed to pressure from the opposition and agreed to allow his top aide to testify before a parliamentary committee probing alleged Chinese election interference, his office said on Tuesday. Conservative leader Pierre Poilievre has repeatedly called for Trudeau's chief of staff, Katie Telford, to speak in a parliamentary committee looking into the foreign election tampering. The government had refused until the leader of the New Democrat Party, which supports Trudeau in key parliamentary votes, on Tuesday backed the Conservative call. Demands for Telford's testimony stem from allegations in unconfirmed media reports that Trudeau's aides were made aware of specific Chinese interference attempts. In a bid to further address Chinese meddling, Trudeau last week appointed David Johnston, a former governor general, as an independent special investigator into the allegations.
The leaders of the two biggest opposition parties - Conservative party leader Pierre Poilievre and New Democratic party leader Jagmeet Singh - are among politicians who actively used TikTok to reach constituents. That prompted lawmakers from both the ruling Liberals and opposition Conservatives to go even further by suspending their accounts on TikTok. "Any limitation on social media is a problem for any opposition politician," Nik Nanos of Nanos Research told Reuters, saying they do not have the incumbent advantage of being featured regularly on more traditional media outlets. Singh also told reporters that taking a pause to assess how to safely use the social media platform is "something that I feel very comfortable doing and I have no hesitation to do." Poilievre - who has styled himself as an anti-establishment figure - has relied on a strategy of directly reaching voters through social media platforms such as TikTok, where he frequently attacks opponents and makes parody videos.
The movement of asylum-seekers into Canada from the United States has picked up since Canada lifted COVID-19 pandemic restrictions in late 2021, a trend mirroring global displacement. More than 39,000 refugees entered Canada last year via unofficial crossings, the vast majority via Roxham Road linking Quebec and New York State. Canada is a signatory to the international Refugee Convention under which Canada must adjudicate most refugee claims with limited exceptions. Speaking to reporters on Wednesday, Trudeau said his government had been trying to "close" Roxham Road for years by rewriting the STCA. Poilievre referenced a COVID-19 policy under which Canada turned back asylum-seekers crossing between ports of entry, a policy that was being challenged in court when it was rescinded.
The movement of asylum-seekers into Canada from the United States has picked up since Canada lifted COVID-19 pandemic restrictions in late 2021, a trend mirroring global displacement. More than 39,000 refugees entered Canada last year via unofficial crossings, the vast majority via Roxham Road linking Quebec and New York State. Canada is a signatory to the international Refugee Convention under which Canada must adjudicate most refugee claims with limited exceptions. Speaking to reporters on Wednesday, Trudeau said his government had been trying to "close" Roxham Road for years by rewriting the STCA. Poilievre referenced a COVID-19 policy under which Canada turned back asylum-seekers crossing between ports of entry, a policy that was being challenged in court when it was rescinded.
Canadian Senate calls for Bank of Canada to be more transparent
  + stars: | 2023-02-16 | by ( ) www.reuters.com   time to read: +1 min
Feb 15 (Reuters) - A Senate committee on Wednesday called for greater parliamentary oversight of the Bank of Canada and more transparency from the central bank as it battles to restore credibility lost during last year's fight to contain inflation. Last week, Bank of Canada finally released minutes from the policy-setting meeting and concluded that the central bank hiked rates last month rather than leaving them unchanged because of labor market tightness and stronger-than-expected growth. "The Bank of Canada should be more transparent and periodically make public its assessment of the effect of its interventions on inflation and on the evolution of key economic indicators," the Senate committee on banking, commerce and the economy said. The central bank declined to comment on the Senate committee report. On Jan. 25, the Bank of Canada hiked its key interest rate to 4.5%, the highest level in 15 years, and became the first major central bank to say it would likely hold off on further increases for now.
TORONTO, Feb 8 (Reuters) - The Bank of Canada will release minutes from its policy setting meeting for the first time on Wednesday, as the central bank battles to restore credibility lost during last year's fight to contain inflation. The Bank of Canada has come under a rare attack from critics, including the opposition Conservative leader Pierre Poilievre, for misjudging inflation, which led to renewed calls for it to release minutes and be more transparent about its decision-making process. While inflation was a global problem, the Bank of Canada has stood out from its peers, including the U.S. Federal Reserve, the Bank of England and the European Central Bank, in not providing some form of record of their meetings. Following a review from the International Monetary Fund, the central bank accepted a key recommendation and agreed to release the "Summary of Deliberations," similar to meeting minutes released by other central banks. On Wednesday, the bank will release minutes of its January meeting at 1:30 p.m.
In part due to disruptions in supply stemming from the COVID-19 pandemic, street drugs are increasingly laced with toxic or unknown ingredients, resulting in drug users overdosing and dying. Police in British Columbia file thousands of drug possession charges annually. Canada faced the challenge of an adulterated illicit drug supply before the United States did and has been quicker to adopt harm reduction tools to address drug overdose cases, said Lindsey Richardson, a research scientist at the B.C. Some of them still buy street drugs. 's latest plan is of no help to him because he runs the risk of taking something deadly each time he buys street drugs.
Feb 3 (Reuters) - Canada has withdrawn proposed amendments to gun legislation that would have banned certain types of rifles and shotguns, the government said on Friday, after opponents alleged the prohibitions unfairly targeted farmers and hunters. The package includes a ban on the sale of handguns and prohibitions on the sale of large-capacity magazines. "(It's) about certain guns that are too dangerous in other contexts." Trudeau enacted the handgun freeze in October under executive order, and in November, his government amended the package to ban certain rifles and shotguns that hold more than five rounds, among other changes. Some firearms must also be registered, though not most long guns: rifles and shotguns.
Annual inflation shot to 8.1% in June, the highest in 39 years and four times the Bank of Canada's 2% target. On the recommendation of the International Monetary Fund, the BoC in September said it would release minutes to improve transparency,Other central banks including the U.S. Federal Reserve, the Bank of England and the European Central Bank already provide some form of record of their meetings. "The big enemy for policymakers and investors is groupthink," said Marc Chandler, chief market strategist at Bannockburn Global Forex LLC. JOB'Other market-watchers say releasing minutes is more an exercise in public relations than an effort to boost transparency. Reuters GraphicsReuters GraphicsReporting by Steve Scherer, additional reporting by Fergal Smith, editing by Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.
"We've seen for a while Alberta hesitating around investing in anything related to climate change. But CCUS is one of those tangible things," Trudeau told Reuters in an interview. The Canadian oil and gas industry wants a level playing field as Ottawa targets net zero emissions by 2050, the same goal set by U.S. President Joe Biden. "One of the challenges is there is a political class in Alberta that has decided that anything to do with climate change is going to be bad for them or for Alberta," Trudeau said. In the interview, Trudeau also took aim at his main rival, Conservative Party leader Pierre Poilievre, for casting Canada as "broken".
OTTAWA, Nov 23 (Reuters) - Inflation in Canada remains too strong, and higher interest rates will be needed to cool the overheating economy, Bank of Canada Governor Tiff Macklem said in testimony at the House of Commons on Wednesday. "Inflation has come down in recent months, but we have yet to see a generalized decline in price pressures," Macklem said. The Bank of Canada raised rates by 50 basis points last month, lifting the policy rate to 3.75%, the highest since 4% seen in January 2008. Conservative lawmakers pressed Macklem to explain what the bank should have done differently to avoid the spike in inflation. Macklem reiterated that "with hindsight", the bank would have started tightening monetary policy sooner, adding the bank would review how monetary tools have worked during this period.
OTTAWA, Nov 16 (Reuters) - Canada's Prime Minister Justin Trudeau is coming under pressure from populist conservative rivals as the country veers toward a possible recession, with provinces vowing to oppose some of his Liberal government's key policies. New federal Conservative Party leader Pierre Poilievre is leading the charge, blaming Trudeau for skyrocketing inflation and laying responsibility for a housing shortage on "gatekeepers" in Ottawa. Both Alberta and Saskatchewan have lost court bids to overturn federal carbon pricing already. Alberta, Saskatchewan and other conservative-led provinces also oppose an assault-rifle buyback the Trudeau government is promising for next year. ECONOMIC HEADWINDSQuebec is a prime example of historical tension between Ottawa and the provinces.
Inflation has edged down over the last three months to 6.9% in September from 8.1% in June. The fiscal update showed "significantly weaker growth" next year that previous forecast, but the baseline numbers did not foresee a recession. It also cut its deficit forecast for this fiscal year by almost a third to C$36.4 billion from the C$52.8 billion deficit forecast in April. The update also included a tax on corporate stock buybacks similar to a measure introduced by United States. The fiscal update document forecast Canada's debt-to-GDP ratio would be 42.3% in 2022/23, versus 45.1% forecast in April, falling to 37.3% in 2027/28.
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