Economic Indicators

Canada’s Trudeau plans cabinet shuffle to put focus on economy

2023.07.26 06:42


© Reuters.

By Steve Scherer and David Ljunggren

OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau plans to shuffle his cabinet on Wednesday to focus on the economy at a time when the cost of living is a major issue for voters, political sources said.

Trudeau, whose left-leaning Liberals have been in power since November 2015, will make the formal announcement at Rideau Hall, home to Governor General Mary Simon, the official representative of head of state King Charles.

The Canadian prime minister looks set to leave heavy hitters such as Finance Minister Chrystia Freeland, Innovation Minister Francois-Philippe Champagne and Foreign Minister Melanie Joly in their cabinet portfolios.

Instead, in a wide-ranging shuffle of mainly second-tier ministers, he will seek to improve messaging on the economy at a time when the official opposition Conservatives are ahead in the polls.

“In the core economic files we are going to add more strength,” a senior government source said on condition of anonymity.

“The idea is to put new energy in key roles, and to put experienced people into new roles. When the time comes, they will be ready to hit the campaign trail.”

The timing of the next election is unclear, since Trudeau only has a parliamentary minority and relies on support from the left-of-center New Democrats to govern. That party has agreed to keep him in power until 2025, but the deal is not binding.

The right-of-center Conservatives blame what they call excessive government spending for high inflation and increasing complaints about unaffordable housing.

“We have a duty to avoid the danger that is coming for Canadian workers if we continue down Trudeau’s path. Stop the inflationary spiral,” Conservative leader Pierre Poilievre wrote on social media on Tuesday.

A Liberal source said Defence Minister Anita Anand was in the running to become head of the Treasury Board, which has overall control of government spending.

Ahead of the shuffle, four cabinet ministers said they would leave politics.

The Liberal source said Trudeau would ditch seven ministers. The Canadian Broadcasting Corp said they included Public Safety Minister Marco Mendicino and Justice Minister David Lametti.

 

 

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 62,912.86 1.28%
ethereum
Ethereum (ETH) $ 2,626.04 0.59%
tether
Tether (USDT) $ 0.999507 0.00%
bnb
BNB (BNB) $ 603.73 1.58%
solana
Solana (SOL) $ 144.23 1.53%
usd-coin
USDC (USDC) $ 0.999597 0.01%
xrp
XRP (XRP) $ 0.582814 1.07%
staked-ether
Lido Staked Ether (STETH) $ 2,626.21 0.63%
dogecoin
Dogecoin (DOGE) $ 0.107628 0.13%
the-open-network
Toncoin (TON) $ 5.59 1.17%
tron
TRON (TRX) $ 0.151803 0.35%
cardano
Cardano (ADA) $ 0.360491 2.01%
avalanche-2
Avalanche (AVAX) $ 27.02 1.27%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,101.52 0.79%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 62,854.84 1.42%
shiba-inu
Shiba Inu (SHIB) $ 0.000014 2.09%
weth
WETH (WETH) $ 2,630.21 0.78%
chainlink
Chainlink (LINK) $ 11.25 0.44%
bitcoin-cash
Bitcoin Cash (BCH) $ 338.63 0.86%
polkadot
Polkadot (DOT) $ 4.43 1.38%
near
NEAR Protocol (NEAR) $ 5.10 12.57%
dai
Dai (DAI) $ 0.999673 0.05%
leo-token
LEO Token (LEO) $ 5.71 1.53%
uniswap
Uniswap (UNI) $ 6.78 0.80%
litecoin
Litecoin (LTC) $ 66.49 3.63%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,754.03 0.71%
sui
Sui (SUI) $ 1.54 1.66%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.61 0.28%
internet-computer
Internet Computer (ICP) $ 8.61 2.94%
kaspa
Kaspa (KAS) $ 0.16282 1.92%
aptos
Aptos (APT) $ 7.75 2.08%
bittensor
Bittensor (TAO) $ 524.74 5.99%
pepe
Pepe (PEPE) $ 0.000008 2.15%
monero
Monero (XMR) $ 171.35 1.86%
first-digital-usd
First Digital USD (FDUSD) $ 0.999578 0.02%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.402197 0.43%
stellar
Stellar (XLM) $ 0.095772 0.25%
immutable-x
Immutable (IMX) $ 1.76 2.49%
ethereum-classic
Ethereum Classic (ETC) $ 18.94 0.40%
blockstack
Stacks (STX) $ 1.88 8.17%
ethena-usde
Ethena USDe (USDE) $ 0.998872 0.02%
aave
Aave (AAVE) $ 171.75 4.30%
okb
OKB (OKB) $ 39.77 0.96%
render-token
Render (RENDER) $ 6.06 5.10%
crypto-com-chain
Cronos (CRO) $ 0.084379 1.30%
filecoin
Filecoin (FIL) $ 3.72 1.25%
injective-protocol
Injective (INJ) $ 22.21 2.40%
hedera-hashgraph
Hedera (HBAR) $ 0.056807 4.63%
arbitrum
Arbitrum (ARB) $ 0.590245 3.01%
mantle
Mantle (MNT) $ 0.621408 1.04%