News & Updates

    The Morning Brief - 04.25.19

    Posted by Bruce Carson on Apr 25, 2019 8:17:05 AM

    NATIONAL ISSUES

    Economy—Bank of Canada on Interest Rates, Revised Economic Growth Forecast and Effect on Finance Minister Morneau’s Budget Forecast

     

    Bank of Canada, Interest Rates and Growth

    Background:

    To the surprise of no one, the Bank of Canada announced yesterday morning that the overnight rate target would remain at 1.75%. This was basically forecast after Governor Poloz’s speech to the Baffin Regional Chamber of Commerce a couple of weeks ago. Economic growth has been slower than originally thought or predicted so rates stay low to provide stimulus.

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    Topics: Morning Brief

    The Morning Brief - 04.24.19

    Posted by Bruce Carson on Apr 24, 2019 8:36:25 AM

    NATIONAL ISSUES

    Prince Edward Islanders Vote

    The electors of Prince Edward Island determined that there not only would be a change of government for the Island, it would be a minority government with the PC Party having the largest number of seats and the Green Party becoming the official opposition. The results with one seat not reporting, a byelection to be held in May, are PCs 12, Greens 9 and the Liberals relegated to third party status with 6 seats. The NDP did not elect any of its candidates. Premier Wade MacLauchlan, the Liberal leader did not hold his riding.

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    Topics: Morning Brief

    The Morning Brief - 04.23.19

    Posted by Bruce Carson on Apr 23, 2019 8:13:03 AM

    NATIONAL ISSUES

    Economy—Trans Mountain Pipeline

    This week is the second of a two week break period in the Parliamentary calendar. This is the last two week break before the Senate and House rise for the summer and the fall election, unless, of course, it is called earlier. The only sittings break after this week comes with the Victoria Day holiday.

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    Topics: Morning Brief

    The Morning Brief - 02.28.19

    Posted by Bruce Carson on Feb 28, 2019 8:27:11 AM

    NATIONAL ISSUES

    Former Minister Jody Wilson-Raybould at the Justice Committee: Where do we go From Here?

     

    JWR at House of Commons Justice Committee

    Perhaps the best way to approach the former minister’s testimony yesterday is to start at the beginning of her prepared statement where she states there was “consistent and sustained efforts by many people within government to seek to politically interfere in the exercise of prosecutorial discretion in my role as the Attorney General for Canada in an inappropriate effort to secure a Deferred Prosecution Agreement (DPA) for SNC Lavalin.”

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    Topics: Morning Brief

    The Morning Brief - 02.25.19

    Posted by Bruce Carson on Feb 25, 2019 7:23:42 AM

    NATIONAL ISSUES

    Economy—McKay and Monaco: Need for an Energy Strategy?—Bank of Canada Governor Poloz and Interest Rates—Trans Mountain Pipeline: Two Favourable Decisions But No Start Date


    McKay and Monaco: Energy Strategy?

    Last Tuesday RBC’s Dave McKay and Enbridge’s Al Monaco appeared together at a Canadian Club Lunch in Toronto to address the state of the energy industry in Canada and offer some solutions. The main theme of the talk as they explained was that Canada is at risk of squandering its energy advantage if it does not come together to tap the potential of its energy industry.

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    Topics: Morning Brief

    The Morning Brief - 02.04.19

    Posted by Bruce Carson on Feb 4, 2019 10:36:18 AM

    NATIONAL ISSUES

    Economy—GDP November—Bank of Canada on Wages and Consumer Debt—Trans Mountain Pipeline

     

    GDP November

    Last Thursday Statistics Canada released numbers on November’s GDP and revealed that for the second time in three months the Canadian economy had shrunk. It was down by 0.1% in September, then up 0.3% in October and in November declined 0.1%.

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    Topics: Morning Brief

    The Morning Brief - 01.31.19

    Posted by Bruce Carson on Jan 31, 2019 7:20:45 AM

    NATIONAL ISSUES

    Economy—U.S. Federal Reserve, Interest Rates and the U.S. Economy—GDP for November—Alberta Oil Production Curtailment

     

    U.S. Fed, Interest Rates and U.S. Economy

    Background to the Decision

    The tone and substance of the announcement made yesterday by U.S. Fed Chair Jerome Powell differed markedly from the one he made after the December 19 meeting of the Fed’s Open Markets Committee. On that date, Powell announced that the Fed was raising rates so that they would range between 2.25% and 2.50%.

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    Topics: Morning Brief

    The Morning Brief - 01.30.19

    Posted by Bruce Carson on Jan 30, 2019 9:31:45 AM

    NATIONAL ISSUES

    Competence—in Foreign Affairs and Domestic Issues

     

    Competence

    It was suggested to me during the weekend that competence may be the issue that decides where Canadians will place their votes in October or whenever voting day happens to be. Competence in dealing with foreign affairs and competence when dealing with domestic issues is what is required. 

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    Topics: Morning Brief

    The Morning Brief - 01.29.19

    Posted by Bruce Carson on Jan 29, 2019 7:30:47 AM

    NATIONAL ISSUES

    Economy—Bank of Canada Governor Poloz—Finance Minister Morneau—Possible Recession—China Update

     

    Economy

    Yesterday’s question period revealed two attacks from the Conservatives and one from the NDP. The Conservatives asked about the government’s handling (they would call it bungling) of Canada’s relationship with China and then moved to two economic issues. The first was set out in the argument that the government had made Canada less affordable for Canadians and the second was that the Trudeau government broke its election promise by not bringing the budget into balance this year as promised.

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    Topics: Morning Brief

    The Morning Brief - 01.28.19

    Posted by Bruce Carson on Jan 28, 2019 7:58:06 AM

    NATIONAL ISSUES

    The House of Commons Resumes Sitting—Question Period—Canada-China Relations, What Happened and the Future

     

    House of Commons Resumes Sitting

    Between today and when the House is scheduled to rise for the summer recess and the call of a federal election, if that has not happened sooner, there are 69 scheduled sitting days. These are days for the government to have its legislation debated, a debate on the 2019 budget and days set aside for both the Conservative Party and NDP to raise issues in opposition days where the designated party can have its own issues as the subject of debate.

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    Topics: Morning Brief

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