💰Fiscal update reveals $62-billion deficit as Liberal strife bursts into public view
The economic statement showed Canada’s deficit is now forecast to be $62 billion, more than 50-per-cent higher than the $40-billion projection contained in Freeland’s spring budget.
The economy is slumping, causing growth predictions to tick down and government revenues to be revised down by $5.5-billion less than projected in April.
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The economic statement showed Canada’s deficit is now forecast to be $62 billion, more than 50-per-cent higher than the $40-billion projection contained in Freeland’s spring budget.
The economy is slumping, causing growth predictions to tick down and government revenues to be revised down by $5.5-billion less than projected in April.
🍁 Maple Chronicles
Vancouver Sun
Fiscal update reveals $62-billion deficit as Liberal strife bursts into public view
OTTAWA — It’s not easy to make a target-shattering $62-billion deficit seem like a minor story, but the Liberal government found a way.
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Canada's quarterly population growth hits slowest pace since early 2022
Statistics Canada estimates the country's population grew by 176,699 people between July 1 and Oct. 1, marking the slowest pace of growth since the first quarter of 2022.
Canada's population is estimated to have reached roughly 41.5 million people.
International migration continues to account for most of the increase in population.
#immigration
🍁 Maple Chronicles
Statistics Canada estimates the country's population grew by 176,699 people between July 1 and Oct. 1, marking the slowest pace of growth since the first quarter of 2022.
Canada's population is estimated to have reached roughly 41.5 million people.
International migration continues to account for most of the increase in population.
#immigration
🍁 Maple Chronicles
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Trudeau told Freeland that Carney would replace her as finance minister over Zoom
Prime Minister Justin Trudeau told Chrystia Freeland in a Zoom call Friday that she’d be replaced as Finance Minister by Mark Carney, former governor of the Bank of Canada and Bank of England, three Liberal sources said.
Trudeau told Freeland she’d be out by Tuesday morning but still expected her to deliver Monday’s economic update, which showed the government missing its $40.1-billion deficit target by over $20 billion.
Freeland quit Monday morning before giving the update. Carney turned down the job, so Trudeau made Public Safety Minister Dominic LeBlanc the new Finance Minister.
#Trudeau #Freeland
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Prime Minister Justin Trudeau told Chrystia Freeland in a Zoom call Friday that she’d be replaced as Finance Minister by Mark Carney, former governor of the Bank of Canada and Bank of England, three Liberal sources said.
Trudeau told Freeland she’d be out by Tuesday morning but still expected her to deliver Monday’s economic update, which showed the government missing its $40.1-billion deficit target by over $20 billion.
Freeland quit Monday morning before giving the update. Carney turned down the job, so Trudeau made Public Safety Minister Dominic LeBlanc the new Finance Minister.
#Trudeau #Freeland
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The Globe and Mail
Trudeau told Freeland that Carney would replace her as finance minister over Zoom
The Prime Minister still expected Freeland to deliver the fall economic update on Monday, sources say. As of Tuesday, Mr. Carney had not taken up the offer
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📊 Post-Freeland resignation, Trudeau’s net favourability drops to -43 as only 19% want him to stay on as Prime Minister
Today, 22% of Canadians approve of the job performance of the federal government (down 3) while disapproval is steady at 62% (up 1).
20% (down 3) have a positive view of the Prime Minister, while 63% (up 2) have a negative impression of the Prime Minister, resulting in a net score of -43.
#Trudeau
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Today, 22% of Canadians approve of the job performance of the federal government (down 3) while disapproval is steady at 62% (up 1).
20% (down 3) have a positive view of the Prime Minister, while 63% (up 2) have a negative impression of the Prime Minister, resulting in a net score of -43.
#Trudeau
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Abacus Data
Abacus Data Poll: Post-Freeland resignation, Trudeau's net favourability drops to -43 as only 19% want him to stay on as Prime…
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Canadian dollar dips below 70 cents US for first time since March 2020
The Canadian dollar dipped below $0.70 US on Tuesday, the first time it has done so since the onset of the COVID-19 pandemic in March 2020, according to Bloomberg data.
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The Canadian dollar dipped below $0.70 US on Tuesday, the first time it has done so since the onset of the COVID-19 pandemic in March 2020, according to Bloomberg data.
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CBC
Canadian dollar dips below 70 cents US for first time since March 2020 | CBC News
The Canadian dollar dipped below $0.70 US on Tuesday, the first time it has done so since the onset of the COVID-19 pandemic in March 2020, according to Bloomberg data.
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Trudeau says he won’t quit but will reflect on events in wake of Freeland’s resignation
Ms. Freeland’s exit led to a discussion at cabinet about whether Mr. Trudeau should resign, according to three sources who were briefed on the meeting. Mr. Trudeau called a Liberal caucus meeting later in the day after at least eight Liberal MPs publicly called for him to resign. In that meeting, MPs expressed reservations and concerns, with some repeating their calls to resign, one MP said.
Mr. Trudeau’s message to caucus, the MP said, was that he is not immediately stepping down but that he would reflect on the day’s events. The MP said their takeaway is that the issue of Mr. Trudeau’s future is not closed.
#Trudeau
🍁 Maple Chronicles
Ms. Freeland’s exit led to a discussion at cabinet about whether Mr. Trudeau should resign, according to three sources who were briefed on the meeting. Mr. Trudeau called a Liberal caucus meeting later in the day after at least eight Liberal MPs publicly called for him to resign. In that meeting, MPs expressed reservations and concerns, with some repeating their calls to resign, one MP said.
Mr. Trudeau’s message to caucus, the MP said, was that he is not immediately stepping down but that he would reflect on the day’s events. The MP said their takeaway is that the issue of Mr. Trudeau’s future is not closed.
#Trudeau
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The Globe and Mail
Trudeau says he won’t quit but will reflect on events in wake of Freeland’s resignation
The issue of the Prime Minister’s future is not closed, MP says, after caucus meeting in which party members urged Trudeau to step down
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Canada tightens immigration point system to curb fraud tied to job selling
Temporary foreign workers who apply to become permanent residents through Canada’s immigration system will no longer get additional points if they have a job offer that’s supported by a Labour Market Impact Assessment (LMIA), Immigration minister Marc Miller said Tuesday.
The move will reduce fraudulent activities in Canada’s Express Entry System, which is an online platform that manages Canada’s skilled immigration programs, the minister said at a press conference.
Band-Aid on an open wound.
#immigration
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Temporary foreign workers who apply to become permanent residents through Canada’s immigration system will no longer get additional points if they have a job offer that’s supported by a Labour Market Impact Assessment (LMIA), Immigration minister Marc Miller said Tuesday.
The move will reduce fraudulent activities in Canada’s Express Entry System, which is an online platform that manages Canada’s skilled immigration programs, the minister said at a press conference.
Band-Aid on an open wound.
#immigration
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Financial Post
Canada tightens immigration point system to curb fraud tied to job selling
Temporary foreign workers who apply to become permanent residents through Canada’s immigration system will no longer get additional points if they have a job offer that’s supported by a Labour Market Impact Assessment (LMIA), Immigration Minister Marc Miller…
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Prime Minister Trudeau cancels year-end media interviews to ‘reflect’
Good. That would be unbearable to watch.
#Trudeau
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Good. That would be unbearable to watch.
#Trudeau
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CHCH
Prime Minister Trudeau cancels year-end media interviews to 'reflect'
Prime Minister Justin Trudeau has cancelled all of his traditional year-end media interviews to "reflect" after Monday's caucus shakeup.
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🪖DND warns availability of Canadian military equipment is dropping
The percentage of navy and army equipment that is supposed to be ready for training and operations has continued to decline, warns a new report from the Department of National Defence.
Not exactly an ideal position from which to build a presence in the Arctic and fulfill NATO's goals.
🍁 Maple Chronicles
The percentage of navy and army equipment that is supposed to be ready for training and operations has continued to decline, warns a new report from the Department of National Defence.
Not exactly an ideal position from which to build a presence in the Arctic and fulfill NATO's goals.
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ottawacitizen
DND warns availability of Canadian military equipment is dropping
Canadian Armed Forces equipment readiness continues to drop
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Mark Carney isn’t joining the federal Liberals, says Dominic LeBlanc
Former Bank of Canada governor Mark Carney isn’t joining the federal Liberals, says new Trudeau government Finance Minister Dominic LeBlanc.
The New Brunswick MP and Trudeau confidant says he’s been given assurances from the prime minister that he will remain the country’s finance minister.
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Former Bank of Canada governor Mark Carney isn’t joining the federal Liberals, says new Trudeau government Finance Minister Dominic LeBlanc.
The New Brunswick MP and Trudeau confidant says he’s been given assurances from the prime minister that he will remain the country’s finance minister.
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National Post
Mark Carney isn’t joining the federal Liberals, says Dominic LeBlanc
OTTAWA • Former Bank of Canada governor Mark Carney isn’t joining the federal Liberals, says new Trudeau government Finance Minister Dominic LeBlanc.
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First Nations leaders blast feds for attributing deficit overrun to Indigenous legal claims
First Nations leaders are blasting the federal government and calling for an apology after Ottawa attributed its latest deficit overrun to Indigenous legal claims against the Crown.
Congratulations, you played yourself.
🍁 Maple Chronicles
First Nations leaders are blasting the federal government and calling for an apology after Ottawa attributed its latest deficit overrun to Indigenous legal claims against the Crown.
Congratulations, you played yourself.
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CBC
First Nations leaders blast feds for attributing deficit overrun to Indigenous legal claims | CBC News
First Nations leaders are blasting the federal government and calling for an apology after Ottawa attributed its latest deficit overrun to Indigenous legal claims against the Crown. The statement "harkened back to the colonial mindset" to villainize and scapegoat…
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Trudeau holding talks with cabinet, party leaders about whether to step down
Prime Minister Justin Trudeau is holding discussions with cabinet ministers and senior party leaders about stepping down early in the new year, but close confidants have walked away from these conversations with starkly different conclusions about where he stands.
One confidant, who spoke directly to Mr. Trudeau this week, said the Prime Minister believes he can no longer continue after Chrystia Freeland rocked the government with her surprise resignation as finance minister and deputy prime minister on Monday.
However, a second source who also spoke to Mr. Trudeau, said the Prime Minister does not want to go and remains motivated to lead the Liberals through the headwinds they face.
Several cabinet ministers are campaigning to persuade Mr. Trudeau to stay and overcome mounting calls to quit. Mr. Trudeau was prepared to step aside on Monday but was talked out of leaving, a third source said.
#Trudeau
🍁 Maple Chronicles
Prime Minister Justin Trudeau is holding discussions with cabinet ministers and senior party leaders about stepping down early in the new year, but close confidants have walked away from these conversations with starkly different conclusions about where he stands.
One confidant, who spoke directly to Mr. Trudeau this week, said the Prime Minister believes he can no longer continue after Chrystia Freeland rocked the government with her surprise resignation as finance minister and deputy prime minister on Monday.
However, a second source who also spoke to Mr. Trudeau, said the Prime Minister does not want to go and remains motivated to lead the Liberals through the headwinds they face.
Several cabinet ministers are campaigning to persuade Mr. Trudeau to stay and overcome mounting calls to quit. Mr. Trudeau was prepared to step aside on Monday but was talked out of leaving, a third source said.
#Trudeau
🍁 Maple Chronicles
The Globe and Mail
Trudeau holding talks with cabinet, party leaders about whether to step down
Several ministers push for PM to stay on, with insiders offering contrasting views of his position in the aftermath of Freeland’s exit
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📈 Lost Canadians bill could create 115,000 more citizens, says parliamentary budget officer
A bill to reinstate rights for what are known as lost Canadians could create around 115,000 new citizens in the next five years, according to a report by the Parliamentary Budget Officer.
The report, published on Thursday, also estimates that it will cost the government $20.8-million over five years to implement the change, with $16.8-million coming in 2025-2026. The PBO presumes the law will come into force in April.
Bill C-71 was introduced by the government earlier this year after an Ontario court ruled it is unconstitutional to deny citizenship to children born overseas to Canadians also born outside the country.
🍁 Maple Chronicles
A bill to reinstate rights for what are known as lost Canadians could create around 115,000 new citizens in the next five years, according to a report by the Parliamentary Budget Officer.
The report, published on Thursday, also estimates that it will cost the government $20.8-million over five years to implement the change, with $16.8-million coming in 2025-2026. The PBO presumes the law will come into force in April.
Bill C-71 was introduced by the government earlier this year after an Ontario court ruled it is unconstitutional to deny citizenship to children born overseas to Canadians also born outside the country.
🍁 Maple Chronicles
The Globe and Mail
Lost Canadians bill could create 115,000 more citizens, says parliamentary budget officer
Bill C-71 was introduced by the government earlier this year after an Ontario court ruled it is unconstitutional to deny citizenship to children born overseas to Canadians also born outside the country
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Singh says the NDP 'will vote to bring this government down' in new letter
NDP Leader Jagmeet Singh says his caucus "will vote to bring this government down," sometime in 2025.
In the letter, addressed to Canadians, Singh says he will "put forward a clear motion of non-confidence in the next sitting of the House of Commons," and "give Canadians a chance to vote for a government who will work for them."
"I called for Justin Trudeau to resign, and he should," Singh said, not specifying how early into the 2025 sitting this motion moving to defeat the prime minister's Liberal government could be advanced.
🍁 Maple Chronicles
NDP Leader Jagmeet Singh says his caucus "will vote to bring this government down," sometime in 2025.
In the letter, addressed to Canadians, Singh says he will "put forward a clear motion of non-confidence in the next sitting of the House of Commons," and "give Canadians a chance to vote for a government who will work for them."
"I called for Justin Trudeau to resign, and he should," Singh said, not specifying how early into the 2025 sitting this motion moving to defeat the prime minister's Liberal government could be advanced.
🍁 Maple Chronicles
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🇺🇸 Smith urges Ford to ‘walk back’ energy threat in possible U.S. tariff showdown
Ontario Premier Doug Ford is being urged to “walk back” any discussion of cutting off energy exports to the United States in the event of a tariff war with incoming President Donald Trump, as other premiers express concerns about the impacts of escalation.
The call comes from Alberta Premier Danielle Smith whose province has rejected the idea of using oil and gas exports as a bargaining chip in the ongoing Canadian effort to avoid tariffs by the incoming Trump administration.
#Alberta #Ontario #US
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Ontario Premier Doug Ford is being urged to “walk back” any discussion of cutting off energy exports to the United States in the event of a tariff war with incoming President Donald Trump, as other premiers express concerns about the impacts of escalation.
The call comes from Alberta Premier Danielle Smith whose province has rejected the idea of using oil and gas exports as a bargaining chip in the ongoing Canadian effort to avoid tariffs by the incoming Trump administration.
#Alberta #Ontario #US
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Global News
Smith urges Ford to ‘walk back’ energy threat in possible U.S. tariff showdown | Globalnews.ca
The call comes from Alberta Premier Danielle Smith whose province has rejected the idea of using oil and gas exports as a bargaining chip.
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