Economic Indicators

Canada minister who is quitting voices confidence in Trudeau

2024.10.18 13:51

By David Ljunggren

OTTAWA (Reuters) – One of four Canadian cabinet members who are stepping down said on Friday that he has confidence in Liberal Prime Minister Justin Trudeau, and he played down polls predicting the Liberals will badly lose in the next election.

Northern Affairs Minister Dan Vandal said he wanted a break after 30 years in politics. He and three other second-tier ministers in the 38-member cabinet will soon leave their posts after announcing they would not run again for office.

“It does not mean that I’ve lost confidence in our party or the prime minister,” Vandal told reporters in Winnipeg, Manitoba.

“In fact, I’m very confident that the polls are going to tighten up as time goes on, and I think it would be foolish to vote against the Liberal Party.”

Canadian media outlets say a group of Liberal legislators is planning next week to ask Trudeau to step down amid increasing voter fatigue after nine years in power. Polls indicate the opposition right-of-center Conservatives will easily win the next election, which must be held by end-October 2025.

Deputy Prime Minister Chrystia Freeland, pressed about reports of internal division, said that while there was a range of views inside the caucus, she was confident the vast majority of Liberal legislators backed Trudeau.

The Conservatives blame the Liberals for inflation that spiked during the COVID pandemic and prompted the Bank of Canada to raise interest rates to 20-year highs.

© Reuters. FILE PHOTO: Dan Vandal is embraced by Canada's Prime Minister Justin Trudeau after being sworn-in as Minister of Northern Affairs during the presentation of Trudeau's new cabinet, at Rideau Hall in Ottawa, Ontario, Canada November 20, 2019. REUTERS/Blair Gable/File Photo

“That was really, really hard, and it’s still hard,” said Freeland, who noted that inflation was now below the central bank’s 2% target. The bank is expected to cut rates by a larger-than-usual 50 basis points next week.

“There is real relief already, and more relief coming, and that is important for Canadians,” Freeland said, adding that she was 100% committed to running in the next election.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 86,837.27 2.57%
ethereum
Ethereum (ETH) $ 2,375.53 4.50%
tether
Tether (USDT) $ 0.999307 0.01%
xrp
XRP (XRP) $ 2.25 2.41%
bnb
BNB (BNB) $ 614.07 2.15%
solana
Solana (SOL) $ 142.13 1.39%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.210743 1.00%
cardano
Cardano (ADA) $ 0.67622 1.57%
staked-ether
Lido Staked Ether (STETH) $ 2,371.19 4.37%
tron
TRON (TRX) $ 0.229328 0.44%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 86,723.24 2.38%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,834.10 4.55%
chainlink
Chainlink (LINK) $ 15.69 0.73%
litecoin
Litecoin (LTC) $ 131.11 3.54%
avalanche-2
Avalanche (AVAX) $ 23.27 3.96%
sui
Sui (SUI) $ 2.94 2.51%
stellar
Stellar (XLM) $ 0.291813 1.98%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 2.49%
the-open-network
Toncoin (TON) $ 3.49 2.63%
hedera-hashgraph
Hedera (HBAR) $ 0.203367 1.23%
leo-token
LEO Token (LEO) $ 9.15 1.64%
polkadot
Polkadot (DOT) $ 5.14 5.96%
usds
USDS (USDS) $ 1.00 0.00%
mantra-dao
MANTRA (OM) $ 7.30 4.20%
hyperliquid
Hyperliquid (HYPE) $ 21.19 3.31%
weth
WETH (WETH) $ 2,375.66 4.42%
bitcoin-cash
Bitcoin Cash (BCH) $ 302.74 2.07%
ethena-usde
Ethena USDe (USDE) $ 0.999657 0.01%
bitget-token
Bitget Token (BGB) $ 4.14 2.81%
uniswap
Uniswap (UNI) $ 8.24 0.42%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,515.19 4.57%
monero
Monero (XMR) $ 213.23 4.44%
whitebit
WhiteBIT Coin (WBT) $ 26.50 1.24%
near
NEAR Protocol (NEAR) $ 3.14 1.73%
aptos
Aptos (APT) $ 6.17 7.62%
pepe
Pepe (PEPE) $ 0.000009 2.73%
dai
Dai (DAI) $ 0.999936 0.03%
internet-computer
Internet Computer (ICP) $ 6.76 2.56%
ondo-finance
Ondo (ONDO) $ 1.01 1.83%
aave
Aave (AAVE) $ 208.41 1.21%
bittensor
Bittensor (TAO) $ 363.32 4.35%
ethereum-classic
Ethereum Classic (ETC) $ 19.12 0.81%
susds
sUSDS (SUSDS) $ 1.04 0.05%
okb
OKB (OKB) $ 45.94 1.21%
gatechain-token
Gate (GT) $ 21.65 2.01%
official-trump
Official Trump (TRUMP) $ 13.28 1.43%
mantle
Mantle (MNT) $ 0.760388 4.90%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.28658 1.82%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 86,850.27 2.46%