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Descrease article font size Increase article font size A month after resigning from cabinet, former finance minister and deputy prime minister Chrystia Freeland is expected to launch her campaign to replace Prime Minister Justin Trudeau this weekend, a source close to her told Global News. According to the source, the longtime member of Parliament and former cabinet minister plans to launch her campaign on Sunday, though she plans to share her “intentions” to run on Friday.There have been discussions for weeks since Freeland stepped down from cabinet, and even in the months prior, that she would run for the top spot of the Liberals and become Canada’s second female prime minister if she were to win.That decision to step down renewed a fresh wa...

Mark Carney, former governor of both the Bank of Canada and the Bank of England, is jumping into the race to replace Justin Trudeau as leader of the federal Liberals. Whoever is elected leader of the Liberal Party of Canada will be Canada’s next prime minister, at least until a fresh election is held.But can Carney, who is not a member of Parliament, be prime minister?Experts say he can.Philippe Lagassé, an associate professor at Carleton University who specializes in the Westminster parliamentary system, told Global News that “there is no law that prevents somebody who isn’t sitting in Parliament from becoming prime minister.”“The office of prime minister is separate and distinct, legally speaking, from that of the office of the parliamentarians,” he said. Story continues below ad...

B.C.’s finance minister says president-elect Donald Trump’s proposed tariffs would have devastating effects on the province’s economy and growth. Brenda Bailey said at a press conference on Thursday that tariffs would be “unprecedented in modern times.”She said there is still uncertainty around the scope and amount of potential tariffs but B.C. has prepared a high-level assessment of potential impacts with the assumption that the tariffs remain in place for Trump’s term and that Canada retaliates in kind. 4:26 Eby lays out three key parts to B.C.’s response to Trump’s tariff threat Wood, pulp and paper, metallic minerals and energy products ar...

By Sarah Ritchie The Canadian Press Posted January 16, 2025 1:59 pm 1 min read Descrease article font size Increase article font size Prime Minister Justin Trudeau has formed a new Canada-U.S. relations council to support the federal government as it deals with the incoming Trump administration’s vow to impose tariffs. The 18 members of the council include Steve Verheul, who was Canada’s chief trade negotiator during the renegotiation of NAFTA.Joining him on the council are former premiers Jean Charest, Rachel Notley and Stephen McNeil. Get daily National news Get the day's top news, politica...

Former finance minister Chrystia Freeland would “replace” the federal carbon price if she becomes the next Liberal party leader, a source close to her says. Freeland, who resigned from the federal cabinet last month, has yet to reveal her intentions about the Liberal leadership race but said in a social media post on Wednesday that she is making calls and will “have much more to say very soon.”A source close to Freeland told Global News on Thursday that “I would expect Chrystia to say over the next few days that she is ready to fight climate change.”“She is ready to make difficult decisions to meet our emissions targets and make sure big polluters pay for their outsized emissions. But she will not fight Canadians on a policy they have been clear they do not support,” the source said. ...

Descrease article font size Increase article font size Conservative Leader Pierre Poilievre on Thursday promised to reverse the Liberal government’s controversial changes to capital gains taxes if he takes power in the next federal election. He made the pledge in a post on X, claiming the proposal was “outright insanity” and would cost Canadian jobs.Capital gains refer to proceeds from the sale of an asset like stock or a piece of property. In the 2024 federal budget, the Liberals proposed to raise the inclusion rate — the portion subject to tax — on the sale of capital gains to two-thirds from one-half for all corporations and many trusts.Individuals will continue to pay the 50 per cent inclusion rate on capital gains up to $250,000 in a year...

Donald Trump is “picking the wrong target” by threatening Canada with sweeping tariffs, Quebec’s premier says. As Francois Legault wrote Wednesday in The Hill, a U.S. political news website, the president-elect’s proposal of a 25 per cent tariff on all Canadian exports “can backfire.”“Canada will not become the 51st state in the union, but our economies are so intertwined that in terms of trade, we already have a customs union,” Legault wrote in his opinion piece.“This free trade in goods between our two countries … has greatly enriched our economies and our peoples. Instead of turning on each other, let’s keep on building a great North American economic powerhouse: it’s in our mutual interest.”Trump’s tariff threat, which includes Mexico, stems from his demand the two allies tighten borde...