Politics

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...

Prime Minister Benjamin Netanyahu said Thursday that a “last-minute crisis” with Hamas was holding up Israeli approval of a long-awaited ceasefire that would pause the fighting in the Gaza Strip and release dozens of hostages. Israeli airstrikes, meanwhile, killed at least 72 people in the conflict-ravaged territory. Netanyahu signaled there were issues with the deal shortly after U.S. President Joe Biden and key mediator Qatar announced it was complete. That created a dual reality: Conflict-weary Palestinians in Gaza, the relatives of hostages held there and world leaders all welcomed an agreement, expected to begin Sunday, even as Netanyahu said it was not yet finalized.It was not yet clear if Netanyahu’s statements merely reflected jockeying to keep his fractious coalition together or w...

Descrease article font size Increase article font size Prime Minister Justin Trudeau says in addition to not leading the Liberals into the next election, he will not be seeking his seat in the Quebec riding of Papineau. “In terms of my own decisions, I will not be running in the upcoming election,” Trudeau told reporters during a press conference alongside Canada’s premiers.“As to what I might be doing later, I honestly haven’t had much time to think about that at all, I am entirely focused on doing the job that Canadians elected me to do in an extraordinarily pivotal time right now.” Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox o...

Mark Carney will hold an event Thursday where he is expected to announce he’s running to replace Justin Trudeau as the leader of the Liberal Party and the next prime minister of Canada, according to Calgary Liberal MP George Chahal. Chahal’s office said in a statement Wednesday that the MP will join Carney “for his much anticipated campaign launch in Edmonton” on Thursday.In a letter to supporters inviting them to attend the event, Chahal the former central banker is “not a career politician” and that his background gives him “a unique perspective to best represent the interests of all Canadians.”“In an era of global challenges, in a time of economic opportunity, Mark Carney has the experience required and the leadership skills needed to meet those challenges and take advantage of the oppo...

The field of contenders is taking shape in the race to lead the Liberal Party of Canada, with several high-profile names in the party opting out of the contest in recent days. With the leadership race set to conclude on March 9, who is in the running to replace Justin Trudeau?Leadership hopefuls have until Jan. 23 to announce their candidacy.Here’s what we know so far.The former central banker is widely expected to announce his candidacy soon, with Carney appearing to tease a leadership run in an interview with Jon Stewart, host of The Daily Show. Story continues below advertisement The interview marked a significant moment in which Carney weighed in on what would be needed for a Liberal leader to help turn the party around. It came amid months of speculation ...