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Politics Week: Trudeau Leaking Much Of The Budget Amid Housing Crunch

CANADA
  • PM Trudeau and FM Freeland touring the country with major housing announcements before Apr 16 budget. As BOC says big spending can make inflation fight harder, just 2 of 10 provinces have balanced books.
  • Foreign interference inquiry hearing from ministers in coming weeks; could re-ignite tensions with India and China.
  • Polling aggregator 338Canada shows Conservatives likely to win majority government if an election were held now. Election is due in 2025 under traditional four-year mandate.
  • Parliament returns after Easter break.
  • Conservatives have 16pt lead over Liberals in terms of trust to responsibly manage government finances, Nanos poll finds.
  • Conservative trade critic Randy Hobak statement: “The North American automotive industry and the principles of free and fair trade are on a collision course as Chinese EVs attempt to circumvent American tariffs through their plans to manufacture in Mexico.”
  • Doug Ford, leader of Canada’s most populous province, said Trudeau will be gone after the next election if he doesn't give carbon tax relief. Ford is a Progressive Conservative who has made bipartisan deals with Trudeau.
  • Trudeau tells reporters high level of temporary residents his govt has authorized drove up housing costs.
  • Sample headlines: According to Justin Trudeau, Justin Trudeau is fear-mongering on immigration (Globe and Mail); The Trudeau government’s housing promises can’t fix a crisis of its own making (Globe); Trudeau’s Liberals are full of promises on everything except Canada’s highest priority: defence (Globe)
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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