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Politics Week: Carbon Tax  Increase Remains Flashpoint

CANADA
  • Opposition Conservatives and provincial premiers pressured Trudeau to scrap planned carbon tax increase on Apr 1, keeping focus on cost-of-living strains. Ontario extended a gas-tax cut until year-end.
  • Trudeau and Finance Minister Freeland continue signals that budget coming Apr 16 will focus on housing affordability. Provincial budget season has shown govts focused on spending the BOC says can make the inflation fight harder.
  • Trudeau on Mon outlined a CAD1b national school food program, continuing to pre-announce items from the coming budget, and giving a sense deficit control isn't the top priority.
  • Trudeau on Wed asked local govts/banks to create renters' bill of rights, noting the ramping up of temporary residents has made buying a house unaffordable for many young families.
  • Foreign interference inquiry expected to hear from PM and other ministers in coming weeks; could re-ignite tensions over past allegations against India and China.
  • Canada small business bank chief economist tells MNI Trump's threat of 10% tariff is a threat to Canada's growth.
  • Greek leader during visit is another official pressing Canada to boost LNG exports and displace Russian energy; govt has downplayed this in favor of developing hydrogen fuel.
  • Parliament off this week and returns Apr 8.
  • Polling aggregator 338Canada shows Conservatives led by Pierre Poilievre are likely to win majority government if an election were held now. Election is due in 2025 under a traditional four-year mandate.
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
Homepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
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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