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Politics Week: Auto Announcement Set Amid Pressure To Match US EV Tariff

CANADA
  • Finance Minister Freeland and Export Minister Ng schedule announcement on "protecting Canadian auto workers" for Monday at 1030am EST amid pressure to match US tariffs on Chinese EVs.
  • Ipsos poll: Majority of Canadians (68%) believe Prime Minister Trudeau should resign as Liberal leader.
  • Cost of living remains a major issue in polls and StatsCan reports CPI for May on Tues, prior was 2.7% YOY. Further improvement could see BOC cut rates for a second time next month, though many households are still being stung by higher mortgage resets.
  • Parliament broke for summer recess Thurs and returns Sept. 16.
  • Canada on Wed listed Islamic Revolutionary Guard Corps as a terrorist entity to boost pressure on Iran.
  • Defense Minister Bill Blair told reporters Wed regarding reaching NATO target to spend 2% of GDP on military: “We’re going to reach it” but isn’t clear about when.
  • Polling aggregator 338Canada shows Conservatives likely to win majority government if an election were held now. Election is due in late 2025 under traditional four-year mandate.
  • Trudeau on Thurs hints about matching US tariffs on Chinese electric vehicles after call to do so from Ontario's Premier: “We’re watching closely what the Americans and other allies have done… We will continue to be there to protect Canadian workers and Canadian industry and we will look very closely” at possible steps.
  • Party leaders continue to give different readings of a classified intelligence report into foreign interference in Canadian democracy and whether current lawmakers cooperated with hostile powers.
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
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MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
Homepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

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