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Free AccessMNI:Largest Canada New Home Price Dip Since `09 Led By Toronto
MNI: Canadian Oct Retail Sales Rise For Fourth Straight Month
MNI POLITICAL RISK - Trump Cabinet Hits First Roadblock
MNI POLICY: Trudeau: Should Have Recused From Charity Contract
--Liberal Government Needs Opposition Support to Stay in Power
By Greg Quinn
OTTAWA (MNI) - Canadian Prime Minister Justin Trudeau said Monday his
decision to approve a CAD900 million contract for a youth charity was a mistake
because of his family's financial ties to the organization, his first major
comments on an issue that endangers the stability of his minority government.
Trudeau said he should have stayed out of any consideration of a contract
for the WE Charity that was recommended by public servants. He also knew his
family had been involved with the group but not the amounts they had been paid.
Media reports over the past week have revealed speaking fees for Trudeau's
mother and brother worth more than a quarter million dollars.
"I should have known the details, and I regret that," he said of the
payments to family members at a press conference. "I should have recused myself.
Canadians will make their judgments."
The contract to create student volunteer positions has since been canceled.
The Bloc Quebecois party has asked Trudeau to step aside during an ethics
investigation and the Conservatives have asked police if a criminal
investigation is warranted.
Trudeau has been investigated twice before by parliament's ethics officer
and found to have violated guidelines.
The Bloc, Conservatives and the smaller NDP opposition party would likely
all have to defeat the Liberals on a confidence vote to force an election.
That's unlikely in the short term with Parliament on summer break, the
Conservatives in the middle of a leadership race and the nation still fighting
Covid-19.
--MNI Ottawa Bureau; +1 613-314-9647; email: greg.quinn@marketnews.com
--MNI Washington Bureau; +1 202-371-2121; email: jean.yung@marketnews.com
[TOPICS: M$C$$$,MC$$$$]
To read the full story
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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.