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The Liberal government’s fall economic statement arrived in a cloud of controversy Monday after Chrystia Freeland’s abrupt resignation as the minister of finance. The fall fiscal update will largely see the federal government look inward for growth opportunities as the spectre of United States president-elect Donald Trump’s protectionist policies loom large over the Canadian economy.Within the 270-page fiscal update, the federal government offers an overview of risks to Canada’s economy tied to Trump’s return to office. Until he begins his second term in January, however, the specifics of how his policies including potential tariffs will impact Canada are unknown.The Liberals eye domestic spending on artificial intelligence and opening the floodgates to more investments from Canadian pensi...

NDP Leader Jagmeet Singh on Monday called on Prime Minister Justin Trudeau “to resign,” adding that “all options” were on the table when asked if he would support a non-confidence motion. Speaking to reporters in Ottawa hours after Chrystia Freeland resigned as finance minister, Singh said Canadians were facing a range of economic issues from expensive groceries to high home prices and the threat of tariffs from an incoming Trump administration next year.“Instead of focusing on these issues, Justin Trudeau and the Liberals are focused on themselves. They’re fighting themselves instead of fighting for Canadians. And for that reason, today, I’m calling on Justin Trudeau to resign,” Singh said.“He has to go.” 0:42 ...

Finance Minister Chrystia Freeland has announced her resignation from the federal cabinet, placing the blame on Prime Minister Justin Trudeau for her decision. The announcement came in a letter she shared on X (formerly Twitter) Monday morning before Freeland was scheduled to present the fall economic statement before the House of Commons and less than an hour before a lock up of journalists for an embargoed reading of the document was due to begin.Department of Finance officials confirmed just after 1:30 p.m. Eastern that the fall economic statement will be delivered as per schedule at 4 p.m. Eastern Monday.In the letter addressed to Trudeau, Freeland wrote, “On Friday, you informed me that you no longer want me to serve as your Finance Minister and offered me another position in Cabinet....

Finance Minister Chrystia Freeland on Monday announced that she has resigned from the federal cabinet, seemingly placing the blame on Prime Minister Justin Trudeau for her decision. The announcement came in a letter she shared on X (formerly Twitter) Monday morning.Here is the text of Freeland’s letter.“Dear Prime Minister, Story continues below advertisement It has been the honour of my life to serve in government, working for Canada and Canadians. We have accomplished a lot together.On Friday, you told me you no longer want me to serve as your Finance Minister and offered me another position in the Cabinet. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered...

Canada’s premiers must take a bigger role in Canada-U.S. relations, Ontario Premier Doug Ford said Monday on his way in to a meeting he is chairing with all 13 provincial and territorial leaders. Ford has been outspoken about the need for a co-ordinated strategy in response to a threat from U.S. president-elected Donald Trump, who has said he will impose a 25 per cent import tariff on goods coming from Canada and Mexico when he takes office.Trump has suggested that the tariffs will come into place unless both countries stop illegal border crossings and prevent drugs like fentanyl from entering the U.S.The premiers have had virtual meetings with Prime Minister Justin Trudeau to discuss the tariffs, press him for more funding on border security and plan a co-ordinated response. Monday marks ...