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Politics Week: Carbon Tax Retreat Dents Trudeau, Fiscal Update Nov 21

CANADA
  • Polls continue to suggest Liberal PM Justin Trudeau's standing has slipped after weakening his signature carbon tax. Provincial premiers pile on saying they want carbon tax taken off all forms of home heating after Atlantic region got a three-year break on heating oil.
  • Federal auditor says Canada isn't on track to meet its climate targets, further underlining problems with govt plans on the file.
  • Parliament off this week but returns with a fiscal update on Nov. 21. Finance Minister Freeland has said it will narrowly focus on housing/affordability. NDP allies demand expanded public healthcare.
  • Canada joins G7 counterparts in calling for a ceasefire in Gaza, Trudeau calls for calm after protesters clash and Jewish schools are damaged in his hometown Montreal.
  • Polling aggregator 338Canada shows Conservatives likely to win a majority government if an election were held now. Election is due in 2025 under a traditional four-year mandate.
  • Trudeau and Liberal Party name co-chairs for next election campaign saying they want to be prepared for whenever that comes.
  • New legislation would ban “scab” workers during strikes in federally regulated industries like transport and telecommunications, another nod to the Liberal govt’s “supply and confidence” deal with NDP.
  • Recent headlines: Can Mark Carney save Justin Trudeau? (National Observer); Justin Trudeau is a problem for his party — and even if he quits, it might not save the Liberals, poll suggests (Toronto Star); Trudeau in a tailspin as his carbon tax blows up (CTV); Canadian homeowners giving up hope of lower interest rates, CMHC says (Toronto Star).
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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