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Politics Week: India Tensions Remain High After Murder Allegation

CANADA
  • Politics this week seen dominated by the fallout of PM Trudeau's statement he had intelligence suggesting Indian officials were involved in killing a Canadian Sikh activist earlier this year. Diplomats have been expelled and India demands proof.
  • Canada showed continued solidarity with Ukraine by hosting a visit last Friday with President Zelenskyy.
  • Domestic issues remain focused on the cost of living and housing shortages. The government moved last week to legislate a tax break on new construction and tougher regulation of grocers.
  • Ontario Premier Ford apologized and backtracked on a plan to open greenbelt land around Toronto to developers following reviews suggesting impropriety.
  • A Senator on Wednesday introduced a bill that would stack the BOC's rate-setting panel with outsiders and create a full employment mandate; while such bills from the unelected chamber have little chance of passage it underlines inflation tensions.
  • Alberta Premier suggests the province could quit the national pension plan, as Quebec did decades ago.
  • Monthly budget figures are expected Friday; the last report showed YOY program spending +10%.
  • Recent headlines: "Has the Trudeau government been as derelict on India’s interference as it has been on China’s?" (Globe and Mail); “No public evidence, but plenty of carnage after Trudeau’s India accusations” (National Post)
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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