>Prime Minister Justin Trudeau has made another attempt to recruit former central banker Mark Carney at a time when tensions with Finance Minister Chrystia Freeland have risen over increased spending on political strategies, three sources say.
>In recent weeks, as the government has struggled to overcome a 20-per-cent gap in the polls with the Conservatives, the sources say the former governor of both the banks of Canada and England was again approached to join the government, an offer which he is still considering.
>Mr. Trudeau has previously tried to recruit Mr. Carney, including as recently as this past summer, to no avail. But two of the sources say the talks are progressing further this time. One of the sources characterized them as more advanced than in the past several years, while another said Mr. Carney is giving it serious consideration.
>Although Mr. Carney was not specifically offered the finance portfolio, two of the sources said the Prime Minister and his inner circle believe it would be the only job he would accept should he decide to join the government. Mr. Carney is considered a potential successor for Mr. Trudeau.
>The third source said the talks between Mr. Carney and the Prime Minister’s Office started more broadly but have become more specific in recent days. Still, they cautioned that the timing or specifics of any role has not been agreed upon.
>[…]
>In July, Mr. Trudeau acknowledged that he had asked Mr. Carney to join the government after The Globe reported that the Prime Minister’s chief of staff Katie Telford had complained that Ms. Freeland was ineffective in communicating the Liberal’s economic agenda.
>At that time, he turned down the offer but, in September, he agreed to head a Liberal Party task force on economic growth, seen by many as a rebuke of Ms. Freeland.
>Relations between Ms. Freeland and the Prime Minister’s Office have chilled over increased spending that will make it difficult to meet her promised $40.1-billion deficit target in Monday’s fiscal and economic update. Keeping the deficit at or below that level was one of three self-imposed “fiscal guideposts” that she set for her government in April.
>On Tuesday, Ms. Freeland gave the strongest signal yet that the pledge will be missed when the numbers are released. Parliamentary Budget Officer Yves Giroux estimated in October that the final deficit for 2023-2024 would be $46.4-billion while the Bank of Montreal predicted it could hit $55.8-billion.
>[…]
>The Globe, citing 10 sources, reported Tuesday tensions have risen between Ms. Freeland and the PMO about increased spending on political strategies such as the two-month GST holiday on toys, alcohol and food and a promised $250 rebate for working people earning $150,000 or less. The two measures would cost $6.28-billion.
>In Tuesday’s Question Period, Mr. Trudeau argued for his government’s spending but did not defend Ms. Freeland. The issue was again seized on by the opposition in Wednesday’s Question Period. Conservative Leader Pierre Poilievre took a jab at the Prime Minister for naming Mr. Carney as a key economic adviser at the expense of his Finance Minister.
>“Not even eight months ago, his minister said the deficit would not exceed the $40-billion – the ‘guardrail.’ Then he went and got his banker friend, Carbon Tax Carney, to become his top economic adviser, stripping the power away from his Finance Minister,” Mr. Poilievre said.
>“Suddenly, the guardrail was broken. Is he really going to subject his Finance Minister to the humiliation of reading Carney’s fiscal update which busts through the guardrail?”
>Mr. Trudeau ignored the question but pointed out that Bank of Canada cut interest rates by half a point, saying that is “terrible news for the Leader of the Opposition but it is great news for Canadians for whom things will become more affordable.”
>Mr. Poilievre also pressed the Prime Minister to say why he has forced the Finance Minister to abandon her deficit pledge, accusing Mr. Trudeau of “pushing her through that guardrail and pushing all Canadians off the fiscal cliff.”
>Mr. Trudeau replied that Mr. Poilievre likes to “make up little dramas” but the Prime Minister never directly answered repeated questions about the deficit and the rift with his Finance Minister.
>Instead, he defended the GST holiday and other government spending initiatives.
>“It’s all about giving Canadians a tax break over the next two months that the Conservative Leader voted against. It’s about delivering dental care to 1.2 million Canadians of which three million Canadians are already approved for access to dental care,” he said.
I love how journists use the word “amid” to imply that two things are related without actually saying so.
“Bank of Canada cuts interest rates 50 basis points amid CEO assassination manhunt.”
BroadReverse on
> The Globe, citing 10 sources, reported Tuesday tensions have risen between Ms. Freeland and the PMO about increased spending on political strategies such as the two-month GST holiday on toys, alcohol and food and a promised $250 rebate for working people earning $150,000 or less. The two measures would cost $6.28-billion.
Im confused if this is what’s causing the tensions. In what world does Mark Carney support this?
3 Comments
Archived version: https://archive.fo/kjQdF.
>Prime Minister Justin Trudeau has made another attempt to recruit former central banker Mark Carney at a time when tensions with Finance Minister Chrystia Freeland have risen over increased spending on political strategies, three sources say.
>In recent weeks, as the government has struggled to overcome a 20-per-cent gap in the polls with the Conservatives, the sources say the former governor of both the banks of Canada and England was again approached to join the government, an offer which he is still considering.
>Mr. Trudeau has previously tried to recruit Mr. Carney, including as recently as this past summer, to no avail. But two of the sources say the talks are progressing further this time. One of the sources characterized them as more advanced than in the past several years, while another said Mr. Carney is giving it serious consideration.
>Although Mr. Carney was not specifically offered the finance portfolio, two of the sources said the Prime Minister and his inner circle believe it would be the only job he would accept should he decide to join the government. Mr. Carney is considered a potential successor for Mr. Trudeau.
>The third source said the talks between Mr. Carney and the Prime Minister’s Office started more broadly but have become more specific in recent days. Still, they cautioned that the timing or specifics of any role has not been agreed upon.
>[…]
>In July, Mr. Trudeau acknowledged that he had asked Mr. Carney to join the government after The Globe reported that the Prime Minister’s chief of staff Katie Telford had complained that Ms. Freeland was ineffective in communicating the Liberal’s economic agenda.
>At that time, he turned down the offer but, in September, he agreed to head a Liberal Party task force on economic growth, seen by many as a rebuke of Ms. Freeland.
>Relations between Ms. Freeland and the Prime Minister’s Office have chilled over increased spending that will make it difficult to meet her promised $40.1-billion deficit target in Monday’s fiscal and economic update. Keeping the deficit at or below that level was one of three self-imposed “fiscal guideposts” that she set for her government in April.
>On Tuesday, Ms. Freeland gave the strongest signal yet that the pledge will be missed when the numbers are released. Parliamentary Budget Officer Yves Giroux estimated in October that the final deficit for 2023-2024 would be $46.4-billion while the Bank of Montreal predicted it could hit $55.8-billion.
>[…]
>The Globe, citing 10 sources, reported Tuesday tensions have risen between Ms. Freeland and the PMO about increased spending on political strategies such as the two-month GST holiday on toys, alcohol and food and a promised $250 rebate for working people earning $150,000 or less. The two measures would cost $6.28-billion.
>In Tuesday’s Question Period, Mr. Trudeau argued for his government’s spending but did not defend Ms. Freeland. The issue was again seized on by the opposition in Wednesday’s Question Period. Conservative Leader Pierre Poilievre took a jab at the Prime Minister for naming Mr. Carney as a key economic adviser at the expense of his Finance Minister.
>“Not even eight months ago, his minister said the deficit would not exceed the $40-billion – the ‘guardrail.’ Then he went and got his banker friend, Carbon Tax Carney, to become his top economic adviser, stripping the power away from his Finance Minister,” Mr. Poilievre said.
>“Suddenly, the guardrail was broken. Is he really going to subject his Finance Minister to the humiliation of reading Carney’s fiscal update which busts through the guardrail?”
>Mr. Trudeau ignored the question but pointed out that Bank of Canada cut interest rates by half a point, saying that is “terrible news for the Leader of the Opposition but it is great news for Canadians for whom things will become more affordable.”
>Mr. Poilievre also pressed the Prime Minister to say why he has forced the Finance Minister to abandon her deficit pledge, accusing Mr. Trudeau of “pushing her through that guardrail and pushing all Canadians off the fiscal cliff.”
>Mr. Trudeau replied that Mr. Poilievre likes to “make up little dramas” but the Prime Minister never directly answered repeated questions about the deficit and the rift with his Finance Minister.
>Instead, he defended the GST holiday and other government spending initiatives.
>“It’s all about giving Canadians a tax break over the next two months that the Conservative Leader voted against. It’s about delivering dental care to 1.2 million Canadians of which three million Canadians are already approved for access to dental care,” he said.
Other news:
https://www.cbc.ca/news/politics/trudeau-meeting-premiers-trump-tariffs-border-1.7407922
https://www.theglobeandmail.com/opinion/article-suppose-they-had-a-postal-strike-and-nobody-noticed/
https://www.ctvnews.ca/politics/trudeau-will-have-to-kiss-the-ring-to-achieve-smoother-bilateral-relations-with-trump-john-bolton-1.7142103
https://nationalnewswatch.com/2024/12/11/trudeaus-comments-on-kamala-harris-not-helpful-premiers-say-as-musk-blasts-pm
https://nationalnewswatch.com/2024/12/11/canada-preparing-retaliatory-tariffs-as-ford-threatens-to-cut-off-energy-to-u-s
https://nationalnewswatch.com/2024/12/12/alberta-premier-to-announce-border-security-plan-in-response-to-trump-tariff-threat
https://www.thestar.com/politics/federal/trudeau-governments-carbon-price-has-had-minimal-effect-on-inflation-and-food-costs-study-concludes/article_cb17b85e-b7fd-11ef-ad10-37d4aefca142.html
https://nationalpost.com/news/nearly-half-of-canadians-favour-mass-deportations-and-65-think-there-are-too-many-immigrants-poll
https://www.cbc.ca/news/canada/ottawa/top-local-bureaucrats-are-pocketing-big-raises-and-benefits-some-taxpayers-are-fed-up-1.7405154
https://www.theglobeandmail.com/business/commentary/article-the-worrying-delay-in-the-release-of-the-federal-governments-public/
https://www.cbc.ca/news/canada/cupw-unfair-labour-practice-complaint-resolved-1.7408350
https://www.cbc.ca/news/politics/justice-committee-israel-gaza-campus-protests-1.7407002
https://www.cbc.ca/player/play/video/9.6589840
!ping Can
I love how journists use the word “amid” to imply that two things are related without actually saying so.
“Bank of Canada cuts interest rates 50 basis points amid CEO assassination manhunt.”
> The Globe, citing 10 sources, reported Tuesday tensions have risen between Ms. Freeland and the PMO about increased spending on political strategies such as the two-month GST holiday on toys, alcohol and food and a promised $250 rebate for working people earning $150,000 or less. The two measures would cost $6.28-billion.
Im confused if this is what’s causing the tensions. In what world does Mark Carney support this?