MNI BRIEF: Intl Economic System Unsustainable- US's Bessent

MNI BRIEF: Trudeau- Trade War Lasting Into Foreseeable Future

MNI BRIEF: Volatile Markets Justify Rate Activism - BOE Mann

MNI BRIEF: US 25% Tariffs On Mexico Paused Again - Sheinbaum

MNI CBRT WATCH: Key 1W Repo Rate Cut 250Bps As Expected

MNI China Daily Summary: Thursday, March 6

US EIA:NAT GAS STORAGE -80 BCF TO 1,760 BCF FEB 28 WK

MNI:US JAN WHOLESALE INV 0.8%; SALES -1.3%

CANADA FEB IVEY PURCHASING MANAGERS INDEX 55.3 SA

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: Trudeau Adds CAD37B Daycare Spending Over Five Yrs

Policy NewsCanadaBriefStoryNorth America

MNI (OTTAWA) - Canadian Prime Minister Justin Trudeau announced a CAD37 billion programme for childcare over five years beginning in 2026 in one of his last days in office, adding more pressure to federal deficits after a pledge to keep them under CAD40 billion.

Trudeau said Thursday he's making the move to ensure deals negotiated with provincial governments who run the ten-dollar-a-day programs remain after he steps down. On Sunday former BOC Governor Mark Carney is expected to replace Trudeau as leader of the Liberal Party and prime minister. Carney in turn will likely go to an election in coming weeks in a close race against Conservatives who pledge fiscal austerity. (See: MNI INTERVIEW: Poilievre Austerity Promise At Risk- Ex PM Aide)

121 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

MNI (OTTAWA) - Canadian Prime Minister Justin Trudeau announced a CAD37 billion programme for childcare over five years beginning in 2026 in one of his last days in office, adding more pressure to federal deficits after a pledge to keep them under CAD40 billion.

Trudeau said Thursday he's making the move to ensure deals negotiated with provincial governments who run the ten-dollar-a-day programs remain after he steps down. On Sunday former BOC Governor Mark Carney is expected to replace Trudeau as leader of the Liberal Party and prime minister. Carney in turn will likely go to an election in coming weeks in a close race against Conservatives who pledge fiscal austerity. (See: MNI INTERVIEW: Poilievre Austerity Promise At Risk- Ex PM Aide)