Trudeau Warns US Against Imposing Unjustified Tariffs on Canadian Metals

Daniel Fowler
July 10, 2020

Morneau said the debt is manageable, because of borrowing costs that are actually lower than a year ago due to falling interest rates.

He said programs like CERB nonetheless need to be "retooled toward recovery" as provincial governments continue to gradually reopen the economy.

Almost two million Canadian workers could remain unemployed this year, according to forecasts in the federal government's long-awaited "fiscal snapshot".

Trudeau's comments follow a decision to skip a summit in Washington, DC with US President Donald Trump and Mexican President Andres Manuel Lopez Obrador to mark the entry of the US-Mexico-Canada Agreement (USMCA) into force, reportedly, because of the threats of re-imposed tariffs. Our investments have meant that Canadians and Canadian businesses, instead of drowning in debt and closing up shop, will be better positioned to get back at it.

The government has rolled out programs in recent months like the Canada emergency relief benefit (CERB) — to help the sick and unemployed during the pandemic — and the Canada emergency wage subsidy (CEWS) to help businesses keep employees on the payroll amid massive shifts in sales and revenue.

Canada, with a population about a tenth the size of the US, has reported roughly 108,000 cases of the virus and about 8,700 deaths from it.

Walmart's Amazon Prime rival is reportedly set to launch this month
A news report came out that went on to say that the retail giant expects to launch its own membership plan sometime this month. Market experts suggest that Walmart's e-commerce sales in the US may further grow by 44.2% to $41.01 billion in 2020.

"The whole outcome is going to continue to depend on the success of our public health response, which has been excellent today compared to a number of other global competitors, most notably the United States", he said.

Speaking in the House of Commons, Conservative Leader Andrew Scheer said the Liberals failed to provide a plan to stimulate economic and job growth.

"Under Justin Trudeau's watch, Canada is falling behind".

Scheer said in order to be competitive, Canada needs to focus on the private sector. "So where is the prime minister's plan to set us apart?"

"The debt-to-GDP ratio is rising, the deficit has exploded to $343.2 billion, and they have completely lost control over the federal debt which for the first time will reach over $1 trillion this year". "Support small businesses. Lower taxes, cut red tape and make Canada an attractive place to do business once again", he said.

Government officials admit there will still need to be policy changes to the EI system to help some self-employed workers qualify, and to capture EI-eligible workers who, due to the pandemic, haven't been able to work the necessary qualifying hours.

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