Carney exposes the plan to help the economy along the chaos of the market induced by Trump
The liberal leader Mark Carry said Monday that he has a plan to support the Canadian economy while the United States takes on a recession resulting from the aggressive aggressive tariff actions of President Donald Trump, creating what Carley has called a “financial crisis” that has the potential to cancel the international trade system.
Carryy said she got Canada through the 2008-09 financial crisis and helped the United Kingdom to face the relapses from Brexit as a central banker for each country-e can do it again as prime minister in this dangerous moment.
In the meantime, the conservative leader Pierre Poirievre has targeted Caray on Monday, saying that the “trophies titles” of the liberal leader are not enough and cannot be trusted because in the past he has supported political as a carbon tax. “We need a new conservative government for a change,” said Poiievre.
The Canadian and US share markets have been volatile since Trump announced unexpectedly raised rates practically on all the countries of the world last week, a political decision that swept trilioni of dollars of wealth via trillions and aroused extreme anxiety among some pensioners.
Carryy said that it will not “see” what will happen in the weeks to come if Trump does not pull back from some of his most aggressive measures as enormous rates on goods from the European Union, China, Vietnam and others, not to mention those who have already been collected in Canada and Mexico.
“There may be difficult days, but I also want to reassure that we are prepared,” said Carney.
The leader of the liberal party Mark Carney, speaking of Saanichton, AC, on the 16th of the election campaign, states in response to the commercial war of the United States and the uncertainty of the market that its government would have reduced by 25 % the minimum amount that must be withdrawn from the registered pension income funds.
Carryy said she talked to the governor of the Canada bank and the Minister of Finance on Monday to verify the economic well -being of the country and its financial institutions between enormous oscillations in the markets of actions and raw materials.
Carney said that the financial institutions of Canada are “solid”, and there is no problem with global banks as during the great recession.
Instead, Carney said that panic is now guided exclusively by Trump and its rates, which according to him will be “basically harmful”.
He said that the risk of an American recession “increased significantly” and “does not take joy in becoming more likely”.
“What is happening is a direct consequence of the unjustified rates of President Trump against Canada, Mexico and then the world,” said Carney. “This is what we worried about, and in fact this is what we have tried to warn the President of the United States.”
Short -term strategies
In the short term, Carney said she had relaxed the employment insurance requirements to immediately obtain cash for the dismissed workers and is differentiating the tax payments of the companies and the GT stages to offer companies a little liquidity. The Business Development Bank of Canada (BDC) will also distribute more capital for interested industries.
To help the elderly who are afraid of selling investments in a downstream market, Carley said that if re -elected, her government would reduce the amount of money pensioners must withdraw from their registered retirement income (RRIF) fund. He is also promising to recharge the guaranteed income supplement to launch an anchor of salvation.
In the medium -sized, Carney said that a liberal government re -elected “will accelerate important investments” to stimulate economic growth, adding that Canada should build natural resources projects to the same Ween outside the United States and other foreign energy supplies.
He said that obtaining western Canadian oil in the oriental markets will make the country collectively richer and the refineries will not have to import 500,000 barrels of oil a day from abroad.
Carryy said she has also left instructions with senior bureaucrats to start dismantling internal commercial barriers while these elections are underway.
The other part of the Carney plan is a rapid diversification of trade with what is calling “reliable” partners like Look beyond North America For growth while the Canada-USA relationship goes to the side.
He spoke with the German chancellor Olaf Scholz last week to deepen the economic ties “in the current global commercial context”.
Carney was also on the phone of British Prime Minister Keir Starmer on Sunday and two discussed, according to a reading of the UK of the call, as “a total commercial war is in the interest of anyone”.
There was Some commercial tensions Between Canada and the United Kingdom in recent years, but the two leaders have discussed that they approach economically while both set a protectionist US president.
The conservative leader Pierre Poerievre, speaking on Monday from Terrace, BC, said that if the elected Prime Minister moves to create a “quick project project office” to simplify the project applications. If the appropriate projects would be approved after a maximum of one year of review.
Poiievre is launch similar measures -Preports workers and businesses, reduced RRIF withdrawal requirements and a plane for the whirlwind of economic development through rapid tracking energy projects.
“We must recognize that this chaos is the direct result of chaotic, useless and unnecessary policies from President Trump,” he said.
Postilvre said that some elements of the British press have “condemned” Carney and his track record in the United Kingdom Carney has for a long time having targeted the Pro-Brexit items who accused him, a pro-rima figure, of sabotage the effort.
The former British conservative chancellor who hired Carley for the work of the central banker said that the Canadian was “The best person in the world for work. “
In an interview, Robert Kavcic, senior economist of the BMO Capital Markets, said that Trump’s high rates are “the worst scenario” and it will be difficult for Canada to navigate through this commercial uncertainty in the coming months.
TRUMP rates will probably look like the economic growth of the United States and at the same time increasing the prices of some goods, he said – the conditions for another episode of “stagflation”.
He agreed with Carley that the United States could overturn a recession this year.
Since Canada is thus linked to the United States, consequently there may be chain effects in this country, he said.
“It will be difficult for Canada to come out without one or two quarters of negative economic growth,” he said. “We will flirt with an environment similar to a recession by the end of the year.”
