Politics

Mark Carney announced his bid to lead the Liberal Party of Canada Thursday, promising a change from “politics as usual” to rebuild the economy in a way that works better for average Canadians. “I’m here to ask for your support. I’m here to earn your trust to lead that fight,” Carney told a crowd of supporters in Edmonton.“I’m back home in Edmonton to declare my candidacy for leader of the Liberal Party and prime minister of Canada.”The former central banker and economist is the highest-profile candidate so far in the race to replace Prime Minister Justin Trudeau, who announced he intends to resign earlier this month.Carney said his past experience leading the Bank of Canada and the Bank of England is proof of his economic bonafides, which he said will be his primary focus if he becomes pri...

Exactly what U.S. president-elect Donald Trump plans to do with his tariff threat remains a mystery to Canadian officials and most Republicans, Energy and Natural Resources Minister Jonathan Wilkinson said Thursday. Wilkinson spent several days in Washington, D.C., this week meeting with congressional Republicans as his government tries to limit the damage from Trump’s promise to sign an executive order Monday to hit Canada with 25 per cent across-the-board tariffs on all exports to the United States.Wilkinson said a very small group of officials is crafting Trump’s plans for executive orders.“Even Republican senators and congresspeople and others who are quite close to the administration do not have a good read on exactly what the nature of a tariff might look like,” Wilkinson told report...

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...

President Joe Biden used his farewell address to the nation Wednesday to deliver stark warnings about an “oligarchy” of the ultra-wealthy taking root in the country and a “tech-industrial complex” that is infringing on Americans’ rights and the future of democracy. Speaking from the Oval Office as he prepares to hand over power Monday to President-elect Donald Trump, Biden seized what is likely to be his final opportunity to address the country before he departs the White House to spotlight the accumulation of power and wealth in the U.S. among just a small few.“Today, an oligarchy is taking shape in America of extreme wealth, power and influence that literally threatens our entire democracy, our basic rights and freedoms, and a fair shot for everyone to get ahead,” Biden said, drawing att...