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Sun Life CEO to Trudeau government: Go easy on CPP reforms


TORONTO — The chief executive of Sun Life Financial says Canada’s new federal government should go easy in proceeding with promised changes to the country’s public retirement system, the Canada Pension Plan. “CPP was designed to provide basic income replacement, not to be a panacea,” Dean Connor, CEO of Sun …

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As oil and loonie spiral, is it lights out for Trudeau’s ‘sunny’ economic ways?


Canada’s rookie finance minister, Bill Morneau, woke up Monday to a power failure in his Halifax hotel, where he was kicking off cross-country consultations for his first budget. A generator allowed for a single industrial light in his bathroom, but it died too. With Morneau in the shower. From there …

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Trudeau government considering immediate $1-billion stimulus for hard-hit Alberta, Saskatchewan


Canadian Prime Minister Justin Trudeau has decided to focus initial stimulus efforts in oil-producing Alberta and Saskatchewan, while waiting to assess whether further stimulus is needed nationwide, according to officials familiar with the plans. The government is in talks to quickly allocate $1 billion for infrastructure projects in the two …

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Trudeau’s rebranding of Canada offers sunshine to Davos, but it’s cold comfort for battered oilpatch


In a speech in Davos this week, Prime Minister Justin Trudeau distanced Canada from its natural resource economy (i.e. oil and gas), and instead played up its economic diversity and its technology brainpower as part of his efforts to “rebrand” the country. TransCanada’s lawsuit is just the beginning of corporate …

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Justin Trudeau’s pledge to keep debt declining at risk amid oil crunch, worsening economy


Canadian Prime Minister Justin Trudeau has pledged to keep the country’s debt declining in relation to the size of the economy, even as he drives up the deficit with infrastructure spending. The commodities slump means he’ll have little margin for error. Deficit concerns heighten as economy teeters on the edge …

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William Watson: On Western issues, Trudeau suddenly sounds like his dad


The prime minister’s assertion that it’s not his job to be a “cheerleader” for pipeline projects echoes his father’s rhetorical query to Saskatchewan farmers in late 1968: “Why should I sell your wheat?” Historians say that pugnacious-sounding question was actually the lead-in to a woolly 500-word philosophical riff on the …

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Trudeau pushing for Bombardier Inc governance changes in exchange for possible aid: sources


OTTAWA • The Canadian government is pushing for changes in the dual-class share structure of embattled aircraft manufacturer Bombardier Inc. in exchange for possible financial aid, officials familiar with the plans said. Prime Minister Justin Trudeau’s government, which is reviewing a request by Bombardier to help fund the development of …

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Trudeau promotes spending to boost economy as economists warn of weak outlook


OTTAWA — Justin Trudeau is talking up the need for more federal spending to help the economy on a day experts are sharing their downgraded forecasts with his government. The prime minister says the country’s economic woes mean it’s more important than ever for the Liberal government to spend on …

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How Trudeau helps the Saudis’ scheme to sideline Canadian oil


With the pain of rock-bottom oil prices leaving producers increasingly desperate, Saudi Arabia this week agreed in principle with Russia, to freeze oil output at January levels ― essentially paying lip service to the notion of price stabilization, given that January’s oil output was near a record high. Riyadh’s tepidness …

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Justin Trudeau’s message to world: Let government spending do the work


Canadian Prime Minister Justin Trudeau is urging global leaders to rely more on government spending and less on monetary policy to spur growth as he prepares a budget that will push his country into deficit. Philip Cross: How profligate borrowing became Canada’s national pastime Total borrowing in Canada across all categories …

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