-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Chart Packs -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI POLICY: Trudeau Pushed Back on Controversial Youth Contract
Trudeau testifies at July 30 parliamentary hearing
Canadian Prime Minister Justin Trudeau sought to quell the biggest political threat to his minority government since the Covid-19 pandemic broke out, making a rare appearance at a parliamentary committee to explain why he and his finance minister didn't recuse themselves from approvals of a CAD900 million contract to a youth charity their families have done business with.
The opposition Bloc Quebecois and Conservatives had earlier called for Finance Minister Bill Morneau to step aside, and they along with the left-leaning NDP peppered Trudeau with hostile questions for more than an hour. The prime minister expanded on past statements that government officials said only WE Charity could deliver the volunteering program, saying he "pushed back" when he learned the idea was going to be sent to cabinet around May 8.
"We knew that the selection of WE Charity would be closely scrutinized," Trudeau said Thursday, referring to him and his chief of staff. "Given the public service advice, I was comfortable" with it starting to move forward, he said.
The contract with WE Charity to help find students paid summer volunteer opportunities was canceled after media reports revealed members of Trudeau's family were paid to appear at WE Charity events. Morneau's daughter also worked at the charity and he had some travel expenses paid for by the group. Both Trudeau and Morneau had earlier made public apologies, and are under investigation by a parliamentary ethics officer.
"WE Charity received no preferential treatment, not from me, not from anyone else," Trudeau said. "I should have recused myself from this decision to avoid any appearance of favoritism," he said, and "I deeply regret how this has unfolded."
Trudeau and Morneau are in the middle of delivering a record CAD343 billion deficit to tackle record unemployment and thousands of deaths from Covid-19. While Trudeau's Liberal Party government needs some opposition party support to pass fiscal bills and stay in power, before the WE Charity contract most proposals moved fairly fast through Parliament.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.