PM Justin Trudeau's Canada

[Admiral Beez]

Freeland has always had international opportunities available to her, so perhaps she sees this as as good as time as any...

She speaks Ukrainian, Russian and French. That part of the world is soon to need some sharp minds as Ukraine transitions from war to rebuilding. I see Freeland at the UN or more likely at the World Bank where Ukraine's reconstruction will need to be financed. https://ukraine.un.org/en/260758-up...-and-reconstruction-needs-assessment-released. If I was Justin I'd shoot my shot with Joly and Katie, see where that goes and then resign and run for the hills.

 

[christiesplits]

She speaks Ukrainian, Russian and French. That part of the world is soon to need some sharp minds as Ukraine transitions from war to rebuilding. I see Freeland at the UN.

Given recent polling, it's not ensured that Freeland gets re-elected in University-Rosedale, so it's good she has some fallback options.

 

[picard102]

The 2007-2009 Great Recession wasn’t better times.

Canada was well insulated from the worst of the Great Recession in no small part thanks to our strong financial regulations.

 

[Jonny5]

Canada was well insulated from the worst of the Great Recession in no small part thanks to our strong financial regulations.

I would agree that regulations spared the Big Six, but there were a lot of non-banks offering bank-like services, including money-market funds--this is how ING Canada became Tangerine--and also investment fund companies focused on retail clients that did go into distress, some flailing about for a few years before their end or having a fire sale of the business for cash (Home Capital Group.)

There were a lot of layoffs in the industry too. As I recall, it became clear a shake-up was needed where a lot of firms were still operating like it was 1998 and finally realised they had to leap forward with tech, get rid of their Excel 1995 spreadsheets with macros written by some guy who quit his job six years ago and now no one knows the password to edit it, and to stop paying people to receive dozens of mailed printed copies of bank statements each month and sit there and manually compare those to their own printed out records, then check and sign they were the same, and if not make 25 phone calls to try and figure out why. That was the beginning of the end of paper on Bay Street, though it stuck around in some scale until 2020. Now it's totally gone.

 

[jje1000]

So rumors are that Trudeau is considering resigning with even Singh egging him on.

However, I think Singh will keep the Liberal government alive at least until the end of February when he gets his pension lol

On the other hand, if the Liberal government is kept alive all the way up to October...who's going to want to run it and be the fall guy/gal?

 

[kEiThZ]

I see Freeland at the UN or more likely at the World Bank where Ukraine's reconstruction will need to be financed.

Canada being seen as one of the freeloaders in NATO all but guarantees that Canadians won't have support when pitching for those jobs.

And this is before we discuss the fact that her scathing letter probably makes her nomination a non-starter. At least from this government. Probably the next too.

 

[lenaitch]

^with last weeks 'back stabbing' leak re: JT meeting with Mark Carney (he would only take a role in finance), it is not too suprising Christia resigned; politically finance minister is often #2, so any other role a step a step backwards... I am confused as to where this is going however...

The PM has been openly courting Carney. Freeland, even as a politician, has a shred of dignity. When you're at a dance and your date is openly eyeing up the competition, what's a person to do.

Mark Carney would not join the LPC right now. As others have said it is a sinking ship and it would not help his reputation any to join.

What they need is to blow it up. Call an election, suck up the loss and rebuild. There is not much else they can do.

You would think so, but sometimes hubris and ego know few bounds. 'I can save them from themselves'.

He could even be conned to join Cabinet just until the next election. Salvaging a minority government from what is widely anticipated to being a rout would show in his win column.

 

[Northern Light]

So rumors are that Trudeau is considering resigning with even Singh egging him on.

However, I think Singh will keep the Liberal government alive at least until the end of February when he gets his pension lol

On the other hand, if the Liberal government is kept alive all the way up to October...who's going to want to run it and be the fall guy/gal?

I'm given to understand other ministers are considering announcing their exit as early as this week.

****

Frankly, I want the government to finish delivering the limited scope pharmacare it promised. Contraception, and diabetic-related.

The deals w/the provinces were all supposed to be done by year end. I know they got a deal w/BC, I'm not sure how many others, if any.

 

[Mihairokov]

Tough to see a scenario where the Liberals are able to hold on with an interim PM but i'm going to be sour if the Conservatives/Poilievre are saved from very legitimate foreign interference issues by this government collapsing.

 

[kEiThZ]

i'm going to be sour if the Conservatives/Poilievre are saved from very legitimate foreign interference issues by this government collapsing.

The public doesn't care at all about this. That's how bad the Liberals are. They overahadow everything.

 

[Admiral Beez]

However, I think Singh will keep the Liberal government alive at least until the end of February when he gets his pension lol

OTOH, if I was Justin I'd call the election for ten minutes BEFORE his pension is secured.

 

[kEiThZ]

OTOH, if I was Justin I'd call the election for ten minutes BEFORE his pension is secured.

Nah. That pension gives Trudeau leverage. He can pack the budget just like he wants and force the NDP to support it or trigger the election.

 

[Northern Light]

The Economic Statement is out and the original source docs can be found here: https://budget.canada.ca/update-miseajour/2024/home-accueil-en.html

CBC's summary is here: https://www.cbc.ca/news/politics/fall-economic-update-freeland-trudeau-1.7411825

I've had a quick skim so far...........and I'm not all that impressed.........last year's deficit revised way up; this year's deficit up slightly, and I'm not sold the policy choices made will have all that great an ROI....

Most interesting to me is what's not there...........the $250 cheque for everyone who worked in 2023 is not accounted for in the spending estimates.

 

[christiesplits]

However, I think Singh will keep the Liberal government alive at least until the end of February when he gets his pension lol

On the other hand, if the Liberal government is kept alive all the way up to October...who's going to want to run it and be the fall guy/gal?

Nah. That pension gives Trudeau leverage. He can pack the budget just like he wants and force the NDP to support it or trigger the election.

Right now most polls have the NDP and Liberals statistically tied. When/if the NDP starts leading the Liberals beyond the margin of error, I think you will see the NDP pull the plug. Singh would be comforted knowing he'll likely keep his seat in B.C., the party would gain seats in urban Canada, and they could potentially be in the run for official opposition.

For all the chatter about Singh's poor performance as NDP leader, it's not unthinkable that the way the polls are going, he could end up winning the second most seats in his party's history, due primarily to the casatrophic collapse of the Liberals.

 

[Jonny5]

Nah. That pension gives Trudeau leverage. He can pack the budget just like he wants and force the NDP to support it or trigger the election.

IIRC, Singh's family are rich, aren't they? Like not suburban "I own a big McMansion" rich; he's got tens of millions in the bank. I doubt he cares about the pension. Its total future value is about 1% of what he already has.