Connect with us

Hi, what are you looking for?

Latest News

Canada’s Liberals projected to win election overshadowed by Trump’s threats

Canada’s Liberal Party, led by Prime Minister Mark Carney, is on course to win the country’s federal election, Canadian media projects, following a campaign overshadowed by provocations and tariffs from US President Donald Trump.

With votes still being counted, CBC News said it is too soon to say whether it will be a minority or majority government – a party needs 172 seats to form a majority.

Canada’s uneasy relationship with the United States deeply influenced the tenor of this year’s campaign. Trump’s tariffs against Canadian exports pose a grave threat to the country’s economy, and his threats to annex Canada as “the 51st state” have enraged Canadians of every political persuasion.

“I reject any attempts to weaken Canada, to wear us down, to break us so that America can own us,” Carney told reporters in late March. “We are masters in our own home.”

Though Canadians have a diverse array of parties to choose from on their federal ballots, the main contest is between the incumbent Liberals, led by Carney since March, and the Conservative opposition, led by longtime parliamentarian Pierre Poilievre.

Carney, a former banker, became prime minister in March after his predecessor Justin Trudeau resigned from office in the wake of dire polls that suggested a stunning loss to come in a federal election.

Trudeau announced his plan to resign in January while facing grim polling figures, a serious cost of living crisis and an internal revolt in his cabinet.

The numbers began to shift in the Liberals’ favor as Trudeau hit back against US tariffs during his last days in office. After winning the party leadership contest in a landslide, Carney continued to spearhead Canada’s opposition to Trump’s annexation threats and trade war.

Carney had never held political office before becoming prime minister. The former central banker touted his experience shepherding Canada’s economy through the 2008 financial crisis and Britain through Brexit, to appeal to Canadians seeking solace from the gloomy economic headwinds caused by the storm of tariffs announced by the White House.

The idea that Canada needs to forge its own path outside of US influence has been central to the prime minister’s messaging since he took office.

Carney pitched himself throughout the campaign as an experienced professional from the political center who can steward Canada’s economy through a period of profound turbulence.

“I understand how the world works,” Carney told podcaster Nate Erskine-Smith in October. “I know people who run some of the world’s largest companies and understand how they work. I know how financial institutions work. I know how markets work … I’m trying to apply that to the benefit of Canada.”

Carney has pledged to “build things in this country again” to make Canada less reliant on the US: new homes, new factories, and new sources of “clean and conventional energy.”

“My solemn promise is to stand up for Canadian workers, to stand up for Canadian businesses,” Carney said in March. “We will stand up for our history, our values and our sovereignty.”

This is a developing story and will be updated.

This post appeared first on cnn.com







    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.



    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    You May Also Like

    Latest News

    Here’s a look at the life of Imelda Marcos, the former first lady of the Philippines. Wife of the late Ferdinand Marcos, who ruled...

    Latest News

    Not since LeBron James was drafted 20 years ago has there been this much excitement about an NBA prospect – as shown by the...

    Editor's Pick

    IoT Analytics published the Q1/2023 update of their “Global Cellular IoT Module and Chipset Market Tracker & Forecast” – an interactive dashboard and structured...

    Economy

    This year marks the 78th anniversary of the atomic bombings of Hiroshima and Nagasaki. On August 6th, 1945 “Fat Man” instantly killed 80,000 of...

    Disclaimer: Boostyoursavings.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 Boostyoursavings.com