愛污传媒

Politics

    • Inflation pressures take centre stage as Liberal cabinet meets

    Share
    VANCOUVER -

    Inflation and what the federal government can do to help Canadians weather rising costs took centre stage Wednesday as the Liberal cabinet gathered for a second day of meetings in Vancouver.

    With the Bank of Canada once again raising the interest rate for the fifth time since March, to 3.25 per cent from 2.5 per cent, Deputy Prime Minister and Finance Minister Chrystia Freeland said cabinet will be talking about what the federal government could do to address cost of living concerns without exacerbating inflation.

    "When it comes to our government's approach, we are going to continue to take a balanced and careful approach as we have done all of this year. We understand that the most vulnerable in our society need to be supported," said Freeland.

    "We also understand right now that our government has a real responsibility to be fiscally responsible, and that was one of the guiding principles of the budget in April. And that is going to be an approach that we continue to take." 

    Freeland suggested that Canadians "have real confidence" in the long-term, however, pollster Nik Nanos said that based on his research, consumer confidence in the country is "underwater."

    "Canadians are feeling the squeeze when it comes to interest rates and the cost of living," he said in an interview with CTV National News.

    Ahead of the House of Commons resuming on Sept. 19, the cabinet has convened to talk about priorities and iron out its plans for the fall. The three-day cabinet retreat got underway Tuesday evening, with Prime Minister Justin Trudeau and ministers billing the event as one focused on affordability and "delivering for Canadians." 

    Ahead of the House of Commons resuming on Sept. 19, the cabinet has convened to talk about priorities and iron out their plans for the fall.

    It remains to be seen whether the government will be announcing any new measures coming out of these meetings. Though, heading into a new parliamentary sitting to square off against a new Conservative leader, and with looming deadlines to make progress on elements of their deal with the NDP, the Liberals are aware they're under pressure to act.

    "We understand the anxiety of Canadians, and that is the focus of our work here in Vancouver," said Intergovernmental Affairs Minister Dominic LeBlanc.

    LeBlanc told reporters on Tuesday evening that the government is "very confident" they'll follow through on the dozens of commitments made to the NDP and that the Liberals aren't overly occupied with the incoming changes at the helm of the Official Opposition, who reacting to the interest rate news focused their critiques on 鈥淭rudeau and his NDP allies.鈥

    鈥淒espite being warned that out-of-control spending would continue to put enormous upward pressure on inflation and interest rates, Justin Trudeau and his NDP allies have refused to change course,鈥 said Conservative MP and finance critic Dan Albas in a statement.

    Speaking to reporters in Halifax, where his caucus is holding a pre-Parliament strategy session, Singh said his party is gearing up to 鈥渇orce鈥 the government to follow through soon on some key pillars of their agreement which he said would help buoy some Canadians through the current cost-of-living crunch.

    "New Democrats have been hearing from people across the country throughout the summer, and what has become very clear is that people are having an incredibly difficult time putting food on the table, paying their bills, things are getting very difficult,鈥 Singh said.

    Citing examples of what other countries have done in the face of high inflation, such as direct financial supports in Spain and the United States鈥 Inflation Reduction Act, Singh said he鈥檚 鈥渄emanding鈥 the government put in place new measures.

    "Here in Canada, Justin Trudeau and the Liberals have been too busy saying it's better in Canada and worse everywhere else. Well, that doesn't help a family that can't afford their groceries. They've been too busy saying it's not their fault. We're not claiming it's the government's fault, but it is their fault that they don't respond by helping people," Singh said. 

    IN DEPTH

    Opinion

    opinion

    opinion Don Martin: How a beer break may have doomed the carbon tax hike

    When the Liberal government chopped a planned beer excise tax hike to two per cent from 4.5 per cent and froze future increases until after the next election, says political columnist Don Martin, it almost guaranteed a similar carbon tax move in the offing.

    CTVNews.ca Top Stories

    Interest rate drops to 3.75% as Bank of Canada makes another cut

    The Bank of Canada made a sizable cut to its key lending rate Wednesday from 4.25 per cent to 3.75 per cent as the global economy continues to expand. The half percentage point cut is the fourth rate cut in a row by the central bank as inflation dropped from 2.7 per cent in June to 1.6 per cent in September.

    A new report suggests that Canadians' exposure to a radioactive gas is increasing, putting millions of people at a higher risk of developing lung cancer.

    Police have confirmed the body of an employee who died at a Walmart in Halifax over the weekend was found in a walk-in oven.

    Canada

    • Interest rate drops to 3.75% as Bank of Canada makes another cut

      The Bank of Canada made a sizable cut to its key lending rate Wednesday from 4.25 per cent to 3.75 per cent as the global economy continues to expand. The half percentage point cut is the fourth rate cut in a row by the central bank as inflation dropped from 2.7 per cent in June to 1.6 per cent in September.

    • A new report suggests that Canadians' exposure to a radioactive gas is increasing, putting millions of people at a higher risk of developing lung cancer.

    • An oil salvage operation is underway on the fragile wreckage of a U.S. army transport ship that sank almost 80 years ago off coastal British Columbia in a race to head off an eruption of thousands of litres of oil that a coast guard official says is "near imminent."

    • British Columbia's highest court has weighed in on a dispute over an inflatable hot tub a couple set up on their condo's patio 鈥 potentially bringing a close to the years-long conflict.

    World

    Politics

    Health

    Sci-Tech

    • A meteor lit up our region's sky last night 鈥 with a large fireball shooting across the horizon over Lake Erie at around 7:00 p.m.

    • The estimated population of North Atlantic right whales increased in 2023, but a group of international marine scientists say human behaviour still poses a significant threat to the critically endangered species.

    Entertainment

    Business

    • Interest rate drops to 3.75% as Bank of Canada makes another cut

      The Bank of Canada made a sizable cut to its key lending rate Wednesday from 4.25 per cent to 3.75 per cent as the global economy continues to expand. The half percentage point cut is the fourth rate cut in a row by the central bank as inflation dropped from 2.7 per cent in June to 1.6 per cent in September.

    • Although paper bags have not yet returned to LCBO stores, the province is now ordering the Crown corporation to switch suppliers to a company within Ontario.

    Lifestyle

    Sports

    • Scottie Barnes and the Toronto Raptors kick off the new NBA season tonight as they host the Cleveland Cavaliers.

    • Goaltender Connor Hellebuyck, last season's Vezina Trophy winner, recorded 27 saves to spark the undefeated Winnipeg Jets to a 3-2 victory over the St. Louis Blues on Tuesday night.

    • Danton Heinen scored two of Vancouver's four first-period goals, and the Canucks beat the Chicago Blackhawks 6-3 on Tuesday night for their third straight win.

    Autos

    Local Spotlight

    A meteor lit up our region's sky last night 鈥 with a large fireball shooting across the horizon over Lake Erie at around 7:00 p.m.

    Residents of Ottawa's Rideauview neighbourhood say an aggressive wild turkey has become a problem.

    A man who lost his life while trying to rescue people from floodwaters, and a 13-year-old boy who saved his family from a dog attack, are among the Nova Scotians who received a medal for bravery Tuesday.

    A newly minted Winnipegger is hoping a world record attempt will help bring awareness for the need for more pump track facilities in the city.

    A Springfield, Ont. man is being hailed a 'hero' after running into his burning home to save his two infant children.

    Hortense Anglin was the oldest graduate to make her way across the platform at York University's Fall Convocation ceremony this week. At the age of 87, she graduated with an Honours degree in Religious Studies.

    Looking for a scare with good intentions this Halloween season? The ghosts and ghouls of Eganville, Ont. invite families to tour the Haunted Walk at Lekbor Manor.

    The image of a sleepy Saskatchewan small town with 'not a lot going on' is a well-known anecdote. However, one Saskatchewan company is hoping to change that 鈥 and allow communities both on and off the beaten path to share their stories and advertise what they have to offer.

    A Moncton, N.B., home has been donated to the Friends of The Moncton Hospital Foundation and will be transformed into a resource hub for people living with cancer.

    • An oil salvage operation is underway on the fragile wreckage of a U.S. army transport ship that sank almost 80 years ago off coastal British Columbia in a race to head off an eruption of thousands of litres of oil that a coast guard official says is "near imminent."

    • Ken Swain has a major mess on his hands.

    • Green Leader Sonia Furstenau is set to meet the media for the first time since British Columbia's indecisive election on Saturday, amid speculation about a possible minority government.

    • Interest rate drops to 3.75% as Bank of Canada makes another cut

      The Bank of Canada made a sizable cut to its key lending rate Wednesday from 4.25 per cent to 3.75 per cent as the global economy continues to expand. The half percentage point cut is the fourth rate cut in a row by the central bank as inflation dropped from 2.7 per cent in June to 1.6 per cent in September.

    • The federal government says it can鈥檛 wait any longer for Ontario to end encampments in its cities and will offer money directly to municipalities, including Toronto, to fix the problem.

    • Although paper bags have not yet returned to LCBO stores, the province is now ordering the Crown corporation to switch suppliers to a company within Ontario.

    • A new report suggests that Canadians' exposure to a radioactive gas is increasing, putting millions of people at a higher risk of developing lung cancer.

    • Police say a pedestrian died after she and another woman were hit by a vehicle in Okotoks on Wednesday night.

    • Ten things to do with friends or family this weekend.

    • Interest rate drops to 3.75% as Bank of Canada makes another cut

      The Bank of Canada made a sizable cut to its key lending rate Wednesday from 4.25 per cent to 3.75 per cent as the global economy continues to expand. The half percentage point cut is the fourth rate cut in a row by the central bank as inflation dropped from 2.7 per cent in June to 1.6 per cent in September.

    • Popular Kanata restaurant D'Arcy McGee's has suddenly closed its doors. In a post on Facebook Tuesday night, D'Arcy McGee's said, "We will sadly be closing our doors."

    • An Orl茅ans property that once belonged to a religious order is now in the City of Ottawa's hands.

    • Montreal Mayor Valerie Plante will not be seeking reelection.

    • As the case of the Bedford school, where teachers created a climate of terror, has brought the debate on secularism to the fore, Quebec Solidaire (QS) is joining the Parti Qu茅b茅cois (PQ) in calling for an end to the funding of religious schools in the province.

    • The majority of optometrists in Quebec will withdraw from the public health-care insurance program (RAMQ) as of Nov. 22, meaning that patients covered by the public plan will have to pay for services.

    • The Carolina Hurricanes really turned the tide in the third period on Tuesday night.

    • WEATHER

      WEATHER

      Cool mornings and mild afternoons through the rest of this week in Edmonton and area.

    • Interest rate drops to 3.75% as Bank of Canada makes another cut

      The Bank of Canada made a sizable cut to its key lending rate Wednesday from 4.25 per cent to 3.75 per cent as the global economy continues to expand. The half percentage point cut is the fourth rate cut in a row by the central bank as inflation dropped from 2.7 per cent in June to 1.6 per cent in September.

    • The Nova Scotia government says it plans to reduce the province's harmonized sales tax (HST) rate by one percentage point next year.

    • The Southwest Nova RCMP Major Crime Unit has taken over the investigation into a fatal shooting in Kingston, N.S.

    • Police have confirmed the body of an employee who died at a Walmart in Halifax over the weekend was found in a walk-in oven.

    • The Manitoba government is looking to add more liquor outlets inside food and grocery stores.

    • An armed man was restrained by customers after he attempted to rob a Winnipeg restaurant on Monday.

    • It's being hailed as a sizable cut to the Bank of Canada's interest rate and the largest since the central bank began slashing in the summer.

    • Candidates across Saskatchewan are making their final pitches to potential voters as the 2024 election campaign is quickly approaching its end.

    • More residents in Saskatchewan say it鈥檚 time for a federal election to be called than in any other province, a new poll from the Angus Reid Institute shows.

    • Emergency crews battled a garage fire in west Regina on Tuesday evening.

    • Waterloo Regional Police are investigating a sudden death in Kitchener.

    • Employees at a grocery store in Cambridge had a surprising start to their morning as they walked in to work to find a fire.

    • Ontario Provincial Police are looking for a missing teenager from Goderich.

    • With the war in Ukraine still going on and Saskatchewan now home to hundreds of newcomers fleeing the attacks, there鈥檚 been a resurgence of a youth group here in Saskatoon.

    • Candidates across Saskatchewan are making their final pitches to potential voters as the 2024 election campaign is quickly approaching its end.

    • A Saskatoon family is voicing concerns after paying twice as much PST as expected on a recently purchased truck.

    • Greater Sudbury has ended the employment of CAO Ed Archer, Mayor Paul Lefebvre announced suddenly Tuesday evening

    • Police have confirmed the body of an employee who died at a Walmart in Halifax over the weekend was found in a walk-in oven.

    • A man is miraculously alive after driving his pickup truck through the fence and down a 150-foot embankment at Hawk Cliff in near Port Stanley, Ont.

    • Police said the house is believed to be empty and abandoned and it's not known yet if the driver of the truck is injured.

    • On Oct. 18, London police were contacted by Toronto Police Service requesting help to find a Toronto man wanted for multiple robbery and firearms related offences.

    • A 34-year-old motorcyclist has died following a collision in Barrie鈥檚 south end on Tuesday.

    • Provincial police were summoned to an address in Georgian Bluffs, 10 minutes west of Owen Sound, about a domestic assault.

    • Provincial police were summoned to Howdenvale Road in South Bruce Peninsula by a complaint about a possibly impaired driver Saturday.

    • A new mental health and addictions service inventory is launching for those looking for help with mental health and addition in Windsor and Essex County.

    • Chatham-Kent is set to distribute Cyanokits to the community.

    • An oil salvage operation is underway on the fragile wreckage of a U.S. army transport ship that sank almost 80 years ago off coastal British Columbia in a race to head off an eruption of thousands of litres of oil that a coast guard official says is "near imminent."

    • Green Leader Sonia Furstenau is set to meet the media for the first time since British Columbia's indecisive election on Saturday, amid speculation about a possible minority government.

    • Mounties in British Columbia say a second person has been found dead after two vehicles ended up in a river on Vancouver Island when a road washed out amid torrential rains over the weekend.

    • Dave Lindsey began growing giant pumpkins to bring a bit of magic to his grandkids' Halloween.

    • A U.S. District Court judge in Montana has sentenced a 27-year-old man from Kelowna, B.C., to 18 months in prison for using fake names to buy guns with the aim of selling them in Canada.

    • Nearly two years after a man was stabbed to death in downtown Kelowna, RCMP have made an arrest in the case.

    • A proposed coal mine 鈥 not tourism 鈥 is critical in revitalizing southwestern Alberta communities along the edge of the Rockies, a group in favour of a controversial project maintains.

    • Alberta Premier Danielle Smith says she's waiting for NDP Leader Naheed Nenshi to declare where he intends to run for office before she calls a byelection in Lethbridge.

    • The health of honeybees will be the focus of a presentation at the University of Lethbridge on Wednesday evening.

    • The union representing the fire rangers with the Ministry of Natural Resources says money won鈥檛 fix the systemic problems in the workplace.

    • Rallies by a group called Voices Against Violence took place across the country on Monday, including Sault Ste. Marie.

    • An Indigenous group in northwestern Ontario shut down the highway for a couple of hours Monday morning in protest after ancestral remains were found at a construction site.

    N.L.

    Stay Connected
    Follow 愛污传媒