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

    'Diligent' Review Expected Of Inquest Findings On Saskatchewan Inmate's Death

    'Diligent' Review Expected Of Inquest Findings On Saskatchewan Inmate's Death
    Jeff Campbell, a department spokesman, says officials will respond once they've done a full review of the recommendations brought back by a coroner's jury in the case of Andy Allan Brassard.

    'Diligent' Review Expected Of Inquest Findings On Saskatchewan Inmate's Death

    Finance Minister Bill Morneau Visits Financial Heart Of Oilpatch Country

    Finance Minister Bill Morneau Visits Financial Heart Of Oilpatch Country
    CALGARY — Finance Minister Bill Morneau is visiting the financial heart of the oilpatch as he wraps up a week of pre-budget consultations.

    Finance Minister Bill Morneau Visits Financial Heart Of Oilpatch Country

    Changes To Pharmacare Will See Premium Cuts For Some Seniors In Nova Scotia

    Changes To Pharmacare Will See Premium Cuts For Some Seniors In Nova Scotia
    Health Minister Leo Glavine says 12,000 seniors who previously paid a premium won't pay one beginning April 1, while another 29,000 will see their premium reduced.

    Changes To Pharmacare Will See Premium Cuts For Some Seniors In Nova Scotia

    Panel Warning Of Marijuana's Effects On Young People Kicks Off In Halifax

    HALIFAX — The Canadian Centre on Substance Abuse kicked off a four-city tour today in Halifax to dispel myths about marijuana and warn about the effects of the drug on young people.

    Panel Warning Of Marijuana's Effects On Young People Kicks Off In Halifax

    Vancouver Police Seeking 3 Men Seen Taking Pictures Inside Pacific Centre Mall

    Vancouver Police Seeking 3 Men Seen Taking Pictures Inside Pacific Centre Mall
    Vancouver Police say they are investigating a "suspicious incident" after three men were seen taking photographs inside a downtown mall on Tuesday evening.

    Vancouver Police Seeking 3 Men Seen Taking Pictures Inside Pacific Centre Mall

    Surrey Police Search For 'Robber' Wearing Flowing Faux Tresses Topped By Pink Toque

    Mounties in Surrey, B.C., want to talk to him about it — and the financial institution he's accused of robbing

    Surrey Police Search For 'Robber' Wearing Flowing Faux Tresses Topped By Pink Toque