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Jeneroux’s Defection Pushes Carney Closer to Majority

                                                      MP Matt Jeneroux Prime Minister Mark Carney’s Liberal government has moved one seat nearer to a majority after Edmonton MP Matt Jeneroux crossed the floor from the Conservatives to join the governing caucus. Jeneroux, who had previously announced plans to resign, instead opted to align himself with Carney’s agenda, becoming the latest in a string of Conservative MPs to defect. Carney welcomed Jeneroux publicly, highlighting his experience and announcing that the Alberta MP will serve as a special adviser on economic and security partnerships. The move spares the government a byelection in Edmonton and adds further momentum to the Liberals’ recent gains, which have included multiple high‑profile floor crossings.  Jeneroux’s decision underscores shifting political dynami...
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Bank of Canada Poised to Cut Interest Rates Amid Trade Uncertainty

                                                

The Bank of Canada is expected to cut interest rates next week as the looming threat of tariffs from the United States continues to cast a shadow over the Canadian economy. With newly elected U.S. President Donald Trump threatening to impose a 25% tariff on all goods from Canada, the central bank is considering a 25-basis-point rate cut to mitigate potential economic damage.

Despite recent positive economic indicators, such as a 2% growth in the fourth quarter and the addition of 91,000 jobs in December, the uncertainty surrounding trade relations with the U.S. has prompted the Bank to take a cautious approach. The inflation rate, which slowed to 1.8% in December, is also a factor in the decision-making process, although core inflation measures remain high.

Economists are divided on the necessity of the rate cut, with some arguing that the central bank should hold off to maintain flexibility in the face of ongoing economic challenges. However, the prevailing sentiment is that the potential impact of tariffs outweighs other considerations, and a rate cut is the most prudent course of action.

The Bank of Canada's decision will be closely watched by markets and businesses alike, as it will have significant implications for borrowing costs and economic growth in the coming months.



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