Skip to main content

Featured

Mark Carney: The Economist Who Took on Trump and Won

  Mark Carney, a former central banker, has emerged as Canada’s prime minister following a dramatic election that reshaped the political landscape. His victory was fueled by a surge of nationalism in response to U.S. President Donald Trump’s aggressive rhetoric and trade policies. Trump’s threats to annex Canada as the “51st state” and impose steep tariffs on Canadian goods galvanized voters, turning Carney’s Liberal Party from underdogs to champions of Canadian sovereignty. Carney’s campaign centered on defending Canada’s independence and rebuilding its economy to reduce reliance on the United States. His experience as governor of the Bank of Canada and the Bank of England lent credibility to his promises of economic resilience. In his victory speech, Carney declared, “President Trump is trying to break us so that America can own us. That will never, ever happen”. The election results marked a stunning comeback for the Liberals, who were initially projected to lose to the oppositi...
Post a Comment
Read more

article

Labels

Liberals' GST Break Expected to Pass Today

 

Legislation to create a two-month-long GST holiday is expected to pass today in the House of Commons. The bill, introduced by Finance Minister Chrystia Freeland, aims to provide temporary relief to Canadians by eliminating the GST on a variety of holiday essentials from December 14, 2024, to February 15, 2025. 

The GST holiday will cover items such as children's clothes and toys, video games and consoles, Christmas trees, restaurant and catered meals, wine, beer, candy, and snacks. The government estimates that a family spending $2,000 on these items could save between $100 and $260, depending on the province.

The NDP has agreed to support the bill after Freeland separated the GST break from a proposed $250 rebate for working Canadians, which the NDP wants expanded to include non-working seniors and people with disabilities. The bill is expected to pass with the help of the NDP, despite opposition from the Conservatives, who have criticized the GST break as a "cheap gimmick".



Labels:

Comments

Post a Comment