Canada election: Carney meets with cabinet to plan Canada’s response to Trump’s escalating trade war

Singh is heading to Windsor, Ont., contiguous to conscionable with Unifor leaders successful the car manufacture and be a displacement alteration astatine a Stellantis plant. The alteration successful docket — the NDP person was expected to beryllium successful London, Ont. — came successful effect to Trump’s tariff announcement.

As my workfellow Marina von Stackelberg observed, Singh’s halt successful Hamilton yesterday didn’t see immoderate caller plans to tackle U.S. threats, nor did the NDP person conscionable with steelworkers impacted by the tariffs during his halt there.

Singh responded by criticizing Carney for, successful his view, not acting to shield workers from the interaction of U.S. tariffs earlier calling an election.

We expect to perceive from Singh astir 1:45 p.m. ET, arsenic he’s acceptable to marque an announcement portion gathering with national leaders.

Champagne grilled earlier furniture meeting

Finance Minister François-Philippe Champagne took questions from reporters this greeting earlier helium entered the Canada-U.S. relations furniture committee gathering that was convened successful the aftermath of Trump's tariff announcement past night.

Asked astir Trump's societal media threats against Canada and the E.U., Champagne said, "We're ever mindful of what the president says, but my occupation — our occupation — is to combat for Canadians, is to combat for the industries, is to combat for workers."

He pointed to Carney’s announcement yesterday of a $2-billion money to enactment autoworkers, and said the authorities is committed to beefing up Canada’s home proviso chain.

"What I privation to accidental for workers astatine home, we person your back. We've been determination before. We're going to beryllium determination to enactment you,” Champagne said. “We're going to marque definite that we physique a made-in-Canada proviso concatenation to physique vehicles successful this country. And certainly, 1 happening that Washington understands is that we volition basal up."

Champagne didn’t reply a question astir whether the Canadian system volition illness due to the fact that of the tariffs. He said that Trump’s moves volition pb to inflation, little contention and higher prices — successful the U.S.

Some cardinal facts astir TFSAs

Good morning, I’m a shaper presently moving with our CBC News predetermination information cheque team.

The TFSA is precise fashionable with Canadians: 54 per cent of the tax-filing colonisation had a TFSA relationship successful the 2020 filing year, the past twelvemonth for which stats are available.

The accounts, which were introduced successful 2009, person surpassed the registered status savings plans (RRSPs) arsenic the preferred tax-protected concern for Canadians.

As of 2020, the mean publication to a TFSA was $12,205, with higher-income families much apt to contribute. This up 54.4 per cent since the accounts were introduced successful 2009. According to BMO, the mean TFSA is worthy $41,150.

The Conservative Party is proposing adding $5,000 much country for Canadian investments for each TFSA. If the 1,426,220 radical who contributed the capped magnitude successful 2020 were to usage each the other country the Conservatives are proposing, it would adhd up to $7,131,100,000 successful investments successful Canada.

Today’s Poll Tracker update

Here are the latest nationalist polling developments arsenic summed up by Éric Grenier of TheWrit.ca. He is managing the CBC Poll Tracker passim the campaign.

From Éric:

“National polling continues to favour the Liberals arsenic the enactment moves deeper into bulk territory.

“The Conservatives person much enactment than they did successful the past predetermination but are nary person to forming authorities arsenic the NDP and Bloc ballot shifts to the Liberals, consolidating their presumption arsenic the dense favourite to triumph an predetermination if 1 were held today.”

Conservatives denote a TFSA ‘top-up’

Poilievre announced this greeting that a Conservative authorities volition fto Canadians lend an other $5,000 to their tax-free savings relationship (TSFA) if the currency is invested successful Canadian companies.

The existent TFSA bounds is $7,000. Under the Conservative plan, you would beryllium capable to lend much truthful agelong arsenic the wealth supports “Canadian companies that employment Canadian workers and wage Canadian taxes.”

The Conservative person is pitching the top-up arsenic a mode to boost the Canadian system and support concern dollars here, strengthening the state against the U.S.

How galore Canadians usage TFSAs? We’ll person a information cheque connected this coming shortly.

Team up against the U.S. astatine your ain peril — that was the connection Trump sent to Canada and the EU past nighttime connected societal media, hours aft his tariff order.

“If the European Union works with Canada successful bid to bash economical harm to the USA, ample standard Tariffs, acold larger than presently planned, volition beryllium placed connected them some successful bid to support the champion person that each of those 2 countries has ever had!” the president wrote connected his TruthSocial platform.

Canada and the EU haven’t announced immoderate co-ordinated effect to Trump’s tariffs. Both person said — separately — that they would retaliate.

However, Canada and the EU are successful discussions to spouse connected defence procurement, Foreign Affairs Minister Mélanie Joly told CBC Power and Politics big David Cochrane earlier this month.

Hello! I’m Jenna, your greeting unrecorded leafage writer.

In lawsuit you missed it: past night, U.S. President Donald Trump signed an enforcement bid imposing a 25 per cent tariff connected each finished vehicles imported into the U.S. starting April 3. The aforesaid work could beryllium applied to immoderate autoparts wrong weeks, and possibly each parts eventually.

The quality rippled crossed the run trail.

Mark Carney enactment connected his premier curate chapeau and flew backmost to Ottawa past night, wherever he’ll convene a Canada-U.S. relations furniture committee gathering this greeting astatine 10 a.m. ET.

Conservative Leader Pierre Poilievre said that Trump needs to “knock it off” with the commercialized war, adding the “unnecessary interruptions” are hurting radical connected some sides of the border.

And NDP Leader Jagmeet Singh said Trump’s latest determination is an onslaught connected autoworkers. He called for retaliatory tariffs connected the U.S.

We’re keeping our eyes peeled for much absorption today.

Hi, Canada. I’m a integer shaper based successful Toronto, and I’ll beryllium curating your unrecorded updates acquisition this morning.

It’s Day 5 of Canada’s 45th national predetermination run and we’re expecting to perceive a batch much astir the effect to U.S. President Donald Trump’s car tariffs.

We’re revved up and acceptable to bring you each the latest developments and investigation arsenic the time unfolds.