The Japan Times - Fate of Canada government hinges on tight budget vote

EUR -
AED 4.277424
AFN 76.282379
ALL 96.389901
AMD 444.278751
ANG 2.0846
AOA 1067.888653
ARS 1666.882107
AUD 1.752778
AWG 2.096182
AZN 1.984351
BAM 1.954928
BBD 2.344654
BDT 142.403852
BGN 1.956425
BHD 0.438198
BIF 3455.206503
BMD 1.164546
BND 1.508021
BOB 8.044377
BRL 6.334667
BSD 1.164081
BTN 104.66486
BWP 15.466034
BYN 3.346807
BYR 22825.091832
BZD 2.341246
CAD 1.610276
CDF 2599.265981
CHF 0.936525
CLF 0.027366
CLP 1073.571668
CNY 8.233458
CNH 8.232219
COP 4463.819362
CRC 568.64633
CUC 1.164546
CUP 30.860456
CVE 110.752812
CZK 24.203336
DJF 206.963485
DKK 7.470448
DOP 74.822506
DZD 151.068444
EGP 55.295038
ERN 17.468183
ETB 180.679691
FJD 2.632397
FKP 0.872083
GBP 0.872973
GEL 3.138497
GGP 0.872083
GHS 13.3345
GIP 0.872083
GMD 85.012236
GNF 10116.993527
GTQ 8.917022
GYD 243.550308
HKD 9.065929
HNL 30.604708
HRK 7.535429
HTG 152.392019
HUF 381.994667
IDR 19435.740377
ILS 3.768132
IMP 0.872083
INR 104.760771
IQD 1525.554607
IRR 49041.926882
ISK 149.038983
JEP 0.872083
JMD 186.32688
JOD 0.825709
JPY 180.935883
KES 150.58016
KGS 101.839952
KHR 4664.005142
KMF 491.43861
KPW 1048.083022
KRW 1716.311573
KWD 0.357481
KYD 0.970163
KZT 588.714849
LAK 25258.992337
LBP 104285.050079
LKR 359.069821
LRD 206.012492
LSL 19.73949
LTL 3.438601
LVL 0.704422
LYD 6.347216
MAD 10.756329
MDL 19.807079
MGA 5225.31607
MKD 61.612515
MMK 2445.475195
MNT 4130.063083
MOP 9.335036
MRU 46.419225
MUR 53.689904
MVR 17.938355
MWK 2022.815938
MXN 21.164687
MYR 4.787492
MZN 74.426542
NAD 19.739485
NGN 1688.68458
NIO 42.826206
NOK 11.767853
NPR 167.464295
NZD 2.015483
OMR 0.446978
PAB 1.164176
PEN 4.096293
PGK 4.876539
PHP 68.66747
PKR 326.50949
PLN 4.229804
PYG 8006.428369
QAR 4.240169
RON 5.092096
RSD 117.610988
RUB 88.93302
RWF 1689.755523
SAR 4.37074
SBD 9.584899
SCR 15.748939
SDG 700.4784
SEK 10.946786
SGD 1.508557
SHP 0.873711
SLE 27.603998
SLL 24419.93473
SOS 665.542019
SRD 44.985272
STD 24103.740676
STN 24.921274
SVC 10.184839
SYP 12877.828498
SZL 19.739476
THB 37.119932
TJS 10.680789
TMT 4.087555
TND 3.436865
TOP 2.803946
TRY 49.523506
TTD 7.89148
TWD 36.437508
TZS 2835.668687
UAH 48.86364
UGX 4118.162907
USD 1.164546
UYU 45.529689
UZS 13980.369136
VES 296.437311
VND 30697.419423
VUV 142.156196
WST 3.249257
XAF 655.661697
XAG 0.019993
XAU 0.000278
XCD 3.147243
XCG 2.098055
XDR 0.815205
XOF 655.061029
XPF 119.331742
YER 277.802752
ZAR 19.711451
ZMK 10482.311144
ZMW 26.913878
ZWL 374.983176
  • RBGPF

    0.0000

    78.35

    0%

  • CMSD

    -0.0700

    23.25

    -0.3%

  • SCS

    -0.0900

    16.14

    -0.56%

  • BCC

    -1.2100

    73.05

    -1.66%

  • GSK

    -0.1600

    48.41

    -0.33%

  • AZN

    0.1500

    90.18

    +0.17%

  • BCE

    0.3300

    23.55

    +1.4%

  • CMSC

    -0.0500

    23.43

    -0.21%

  • NGG

    -0.5000

    75.41

    -0.66%

  • RELX

    -0.2200

    40.32

    -0.55%

  • RIO

    -0.6700

    73.06

    -0.92%

  • RYCEF

    -0.0500

    14.62

    -0.34%

  • JRI

    0.0400

    13.79

    +0.29%

  • BTI

    -1.0300

    57.01

    -1.81%

  • VOD

    -0.1630

    12.47

    -1.31%

  • BP

    -1.4000

    35.83

    -3.91%

Fate of Canada government hinges on tight budget vote
Fate of Canada government hinges on tight budget vote / Photo: ANDREJ IVANOV - AFP/File

Fate of Canada government hinges on tight budget vote

Canadian Prime Minister Mark Carney's Liberal government faced potential collapse on Monday, with parliament set to vote on a budget he insists is essential to kickstart the country's tariff-battered economy.

Text size:

But hours ahead of the decisive vote in parliament, Liberals voiced optimism that parliament would approve Carney's spending package and avert a snap election.

Carney was elected to a full term in April to stare down US President Donald Trump's protectionist tariffs, but his Liberal Party fell just short of a majority.

To pass the budget, the Liberals required support from two opposition lawmakers -- or get abstentions.

They secured at least one opposition vote on Monday, when the lone Green Party lawmaker, Elizabeth May, confirmed she would side with the Liberals, after Carney promised that Canada would meet its commitments under the Paris Climate Accords.

Carney has said the budget offers a "generational" opportunity to invest in Canada's economic future, bolstering self-reliance and reducing dependence on trade with the United States.

"Now is not the time to be cautious, because fortune favors the bold," Carney said last week.

Opposition leader Pierre Poilievre has panned Carney's deficit-expanding proposals, insisting that his entire Conservative caucus will vote against what he calls a "credit card budget."

Even if the Conservatives unanimously vote no, the Liberals could still squeak by.

The left-wing New Democratic Party -- which performed dismally in April's election, has no permanent leader, and is in financial debt -- may prove reluctant to force Canadians back to the polls.

NDP lawmakers were quiet about their voting intentions on Monday.

Ahead of the vote, multiple Liberal lawmakers told reporters they had reason to be encouraged.

"I don't see any universe in which the government falls," Sean Casey, who represents a constituency in the Atlantic Prince Edward Island province, said.

"I'm pretty confident we're still going to be here later this week."

Justice Minister Sean Fraser said he was "optimistic."

"Nobody at all is looking to send us back to the polls."

- Tariff pain -

Carney has maintained that aggressive deficit spending is necessary to offset the damage caused by the Trump administration's trade policies.

The vast majority of bilateral trade remains tariff-free -- under the terms of the existing North American trade pact -- but Trump's levies targeting key sectors like autos, aluminum, and steel have hit Canada hard.

Carney said estimates indicated that "US tariffs and the associated uncertainty will cost Canadians around 1.8 percent of our GDP."

The prime minister, a former central banker, has said investments in Canada's military and infrastructure will help improve economic sovereignty, repeatedly warning that relations with the United States are not going to return to a pre-Trump normal.

"It is a time to get big things done for Canadians, and get them done fast."

- Appetite for elections? -

The budget has faced sharp criticism, including over a near doubling of the deficit from last year, reaching Can$78.3 billion (US$55.5 billion).

The NDP has raised alarm about a lack of support for workers while the Bloc Quebecois, which promotes independence for the French-speaking province, has called the budget "a Liberal deficit with Conservative ideas."

But polls show that a majority of Canadians do not want new elections so soon after the last round.

A November survey from the Leger firm said only one in five Canadians wanted an election now or "as soon as possible."

Half of Canadians surveyed by Leger said they were satisfied with Carney's leadership, and his job approval rating stood at 52 percent.

In multiple head-to-head surveys, the prime minister is comfortably beating Poilievre.

M.Ito--JT