Trudeau to pitch growing Canadian economy at Davos meetings

SAINT ANDREWS, N.B. - Prime Minister Justin Trudeau will trade the snowy hillsides of a seaside New Brunswick town this morning for the snowcapped Alps of Switzerland, with the national and global economy following him across the Atlantic Ocean.

See Full Article

Trudeau will fly Tuesday to Davos, Switzerland and the World Economic Forum that brings together the world's most powerful and influential political and business leaders, celebrities and activists.

Trudeau will have a chance to give a keynote address on Wednesday, talk about gender parity in his cabinet alongside Melinda Gates and sell his plans for growing the Canadian economy.

The economic and financial realities of everyday Canadians will still hit him: the parliamentary budget watchdog will deliver a report Tuesday morning about the level of household debt in the country, and then the Bank of Canada will deliver a much-anticipated interest rate announcement Wednesday before markets open and likely minutes before Trudeau is to give his first speech in Davos.

Trudeau and his cabinet ministers were dogged by questions and pressure from the opposition parties during a three-day retreat in New Brunswick to respond to falling commodity prices and a declining loonie.

Trudeau would only say Monday that his government would put forward a budget that is "the right one for Canadians."

At a community dinner Monday night where 300-plus people crammed into a rec centre to have some spaghetti and hear Trudeau speak, the prime minister touched on why cabinet was meeting outside Ottawa - "to talk about the challenges that we have before us," he said - before trying to give it a positive spin by talking about "tremendous opportunities."

"Canada is an incredible country whose greatest strength we all know are its people," he said.

"We are hopeful, optimistic, resilient, forward-looking, hard-working, and nowhere is that clearer than right here in New Brunswick and it's such a pleasure to be working with you and to be surrounded by all of you as we map out a plan to create growth for the middle class, to offer a brighter future to Canadians, and to build, once again, an extraordinary country that we can all be proud of as we celebrate into the coming years."



Advertisements

Latest Economic News

  • Asian shares weaker as investors await economic data

    Economic CTV News
    SEOUL, Korea, Republic Of -- Asian stock markets were weaker on Tuesday as investors stayed on the sideline before the release of a raft of economic data due later this week. Markets in Shanghai, Hong Kong and Taipei were closed on a holiday. Source
  • Trans Mountain IPO to proceed despite B.C. Green-NDP deal, Kinder Morgan says

    Economic CTV News
    CALGARY -- Kinder Morgan says it expects to proceed Tuesday with its initial public offering for the Trans Mountain expansion, just as the anti-pipeline Greens and NDP in B.C. announced they have come to an agreement that could cast the project's future into doubt. Source
  • Trans Mountain IPO to proceed despite B.C. Green-NDP deal

    Economic CBC News
    Kinder Morgan says it expects to proceed Tuesday with its initial public offering for the Trans Mountain expansion, just as the anti-pipeline Greens and NDP in B.C. announced they have come to an agreement that could cast the project's future into doubt. Source
  • Health Canada cancels recall of Ardene children's jewelry

    Economic CBC News
    In an unprecedented move, Health Canada has cancelled its recall of children's jewelry sold by Canadian retailer Ardene after follow-up tests found the pieces don't actually contain excessive amounts of lead. It's the first time that a recall notice for a consumer product has been removed since the Consumer Product Safety Act came into force in 2011. Source
  • Oilpatch recovery to boost Alberta, Saskatchewan growth, says Conference Board

    Economic CTV News
    CALGARY -- The Conference Board of Canada says a slow recovery in the oil and gas sector will allow Alberta and Saskatchewan to emerge from recession and lead the provinces in economic growth this year. Source
  • Mortgage broker's late sponsorship bet pays off as Takuma Sato ends up winning Indy 500

    Economic CBC News
    When Takuma Sato took home the checkered flag at the Indy 500 on Sunday, the Japanese race car driver wasn't the only big winner. One of the main sponsors of his car, Indiana-based lender Ruoff Home Mortgage, only decided to put financial support behind Sato's Andretti Racing Team early last week. Source
  • Boeing says trade complaint against Bombardier designed to prevent larger CSeries

    Economic CTV News
    MONTREAL -- Boeing says its trade complaint against Bombardier is designed to prevent the Montreal-based rival from using subsidies to produce a larger version of the CSeries plane that would directly compete with its own flagship narrowbody 737 aircraft. Source
  • Asian shares muted as investors await raft of economic data

    Economic CTV News
    TORONTO -- Canada's main stock index was little changed in late-morning trading as U.S. stock markets took the day off for the Memorial Day holiday. The S&P/TSX composite index was up 1.59 points to 15,418.52, after 90 minutes of trading. Source
  • TSX flat as U.S. markets take day off for holiday; loonie up

    Economic CTV News
    TORONTO -- Canada's main stock index was little changed in late-morning trading as U.S. stock markets took the day off for the Memorial Day holiday. The S&P/TSX composite index was up 1.59 points to 15,418.52, after 90 minutes of trading. Source
  • World shares muted as investors await raft of economic data

    Economic CTV News
    HONG KONG -- World stock markets were listless Monday as investors look to a raft of economic data this week and as holidays in several key markets crimped trading volume. KEEPING SCORE: In Europe, France's CAC 40 dipped 0.1 per cent to close at 5,332.47, while Germany's DAX edged up 0.2 per cent to 12,628.95. Source