Close X
Thursday, September 19, 2024
ADVT 
National

Economy Follows Trudeau On Travels To Financial Forum In Switzerland

The Canadian Press, 19 Jan, 2016 11:24 AM
    SAINT ANDREWS, N.B. — Prime Minister Justin Trudeau will trade the snowy hillsides of a seaside New Brunswick town this morning for the snowcapped Alps of Switzerland, with the national and global economy following him across the Atlantic Ocean.
     
    Trudeau left Tuesday for Davos and the World Economic Forum, which brings together the world's most powerful and influential political and business leaders, celebrities and activists.
     
    "We're going to talk about how diversity is a strength and really showcase the fact that Canada has tremendous opportunities and is facing challenges like lots of places, but we have the tools to surpass those challenges in a way that should draw in global interest," he said before leaving a federal cabinet retreat in Saint Andrews, N.B.  
     
    Trudeau will have a chance to give a keynote address on Wednesday, talk about gender parity in his cabinet alongside Melinda Gates and sell his plans for growing the Canadian economy.
     
    Navdeep Bains, minister of innovation, science and economic development, said that Davos — like last month's climate change conference in Paris — is a chance to demonstrate that Canada can show global leadership.
     
    In Paris, Canada signed on with Mission Innovation, a group of 20 countries committed to doubling their support for clean energy development over the next five years and to share the breakthroughs.
     
    "At COP 21 we made a major commitment to Mission Innovation and so that really shows leadership when it comes to clean technology," Bains said.
     
     
    The economic and financial realities of everyday Canadians will still hit Trudeau: the parliamentary budget watchdog delivered an eyebrow-raising report Tuesday about the economic risk posed by high levels of household debt.
     
    On Wednesday,  the Bank of Canada will deliver a much-anticipated interest rate announcement, likely to come just minutes before Trudeau gives his first speech in Davos.
     
    Trudeau and his cabinet ministers were dogged by questions about falling commodity prices and a declining loonie during their three-day retreat in New Brunswick.
     
    Trudeau would only say Monday that his government would put forward a budget that is "the right one for Canadians."
     
    At a community dinner Monday night where 300-plus people crammed into a rec centre to have some spaghetti and hear Trudeau speak, the prime minister touched on why cabinet was meeting outside Ottawa — "to talk about the challenges that we have before us," he said — before trying to give it a positive spin by talking about "tremendous opportunities."
     
    "Canada is an incredible country whose greatest strength we all know are its people," he said.
     
     
     
    "We are hopeful, optimistic, resilient, forward-looking, hard-working, and nowhere is that clearer than right here in New Brunswick and it's such a pleasure to be working with you and to be surrounded by all of you as we map out a plan to create growth for the middle class, to offer a brighter future to Canadians, and to build, once again, an extraordinary country that we can all be proud of as we celebrate into the coming years."

    MORE National ARTICLES

    NDP Wants Federal Ban On Plasma Clinics That Pay Donors, But Saskatchewan OKs It

    NDP Wants Federal Ban On Plasma Clinics That Pay Donors, But Saskatchewan OKs It
    The federal NDP wants Ottawa to ban plasma clinics that pay donors, but the Saskatchewan health minister says he's OK with plans for one in Saskatchewan.

    NDP Wants Federal Ban On Plasma Clinics That Pay Donors, But Saskatchewan OKs It

    Trade Minister Chrystia Freeland Says Renegotiation Of Pacific Trade Deal Not Possible

    Trade Minister Chrystia Freeland Says Renegotiation Of Pacific Trade Deal Not Possible
    Freeland said the treaty negotiated by the Harper government during the election campaign is very complicated, involving 12 countries along the Pacific Rim that make up 40 per cent of the global economy.

    Trade Minister Chrystia Freeland Says Renegotiation Of Pacific Trade Deal Not Possible

    Toronto Stock Exchange Begins Friday With Another Big Drop, Loonie Weak

    Toronto Stock Exchange Begins Friday With Another Big Drop, Loonie Weak
    TORONTO — Canada's biggest stock market, the loonie and crude oil futures were down Friday morning but above their early lows.

    Toronto Stock Exchange Begins Friday With Another Big Drop, Loonie Weak

    Saskatchewan Mother Says Christian Prayer Doesn't Belong In Public Schools

    Saskatchewan Mother Says Christian Prayer Doesn't Belong In Public Schools
    Dusti Hennenfent says she's upset the prayer is recited each morning at Moose Jaw's Lindale Elementary School, where her two children attend classes.

    Saskatchewan Mother Says Christian Prayer Doesn't Belong In Public Schools

    Passenger Advocate Concerned Over New Low-Cost Airline's Lack Of Licence

    Passenger Advocate Concerned Over New Low-Cost Airline's Lack Of Licence
    Halifax-based Gabor Lukacs says people should be alarmed that it's an unlicensed company, saying that leaves passengers with a financial risk.

    Passenger Advocate Concerned Over New Low-Cost Airline's Lack Of Licence

    'He's A Harmless Child:' Family Shocked After Boy Attacked, Left In Dumpster

    'He's A Harmless Child:' Family Shocked After Boy Attacked, Left In Dumpster
    It wasn't until the next day that Morrissette found out his intellectually disabled boy, Jean-Micheal, had been found in a Winnipeg garbage bin as temperatures dipped to -15 C.

    'He's A Harmless Child:' Family Shocked After Boy Attacked, Left In Dumpster