Good morning! This is Chris Bilton.
The government will deliver its first budget under Prime Minister Mark Carney tomorrow. Though there’s already been talk of “tough choices” and “sacrifices,” we look at how the budget could impact the Canadian economy below.
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Can the federal budget reset Canada's economy?
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(Adrian Wyld/The Canadian Press)
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Canada's economy is suffering, and the Bank of Canada says interest rate cuts can only do so much. So it's passed the baton to the federal government. Peter Armstrong looks at whether tomorrow’s budget can do what the central bank cannot: restructure how the Canadian economy grows.
What experts say: Long before U.S President Donald Trump’s tariffs were causing so much damage, Canada struggled to draw investment and to spur economic growth. Some economists say the budget itself will be unprecedented and could be a chance to reset Canada’s economic priorities. Benjamin Reitzes, managing director with BMO Economics, says: “I think there's a lot of optimism around potential new measures to spark growth.”
What to expect: A recent prime-time speech by Prime Minister Mark Carney framing the budget as one that will empower and protect Canadians, while building the country from within, has created high expectations. But all the talk about “building Canada strong” has some stakeholders hopeful for a focus on building domestic capacity, not simply chasing more foreign business investment. The biggest unknown remains how large the deficit will be and where and how deep the expected cuts will land.
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Trump's tariffs face biggest test yet in U.S. Supreme Court
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(Manuel Balce Ceneta/The Associated Press)
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The U.S. Supreme Court will hear arguments Wednesday on Donald Trump's unprecedented use of an emergency powers law to slap broad-based tariffs on imports from Canada and other major trading partners.
What’s at stake? Many billions of dollars. If the administration loses in the Supreme Court, it may have to return tariffs paid by importers since the spring and will forgo a source of revenue that Trump has claimed is making America rich again.
The arguments: The case hinges on whether Trump’s use of the International Emergency Economic Powers Act (IEEPA) to levy tariffs over a pair of issues he declared to be national emergencies gives the president the legal authority to impose duties in this way and for those reasons. More than 40 organizations, individuals and interest groups have submitted "friends of the court" briefs ahead of Wednesday's hearing, nearly all of which urge the court to rule that Trump's use of IEEPA is illegal.
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Sold your car? You could still be on the hook for the new owner’s bills
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(Ben Nelms/CBC)
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A retired truck driver in B.C. is on the hook for a bill connected to a vehicle he no longer owns after the buyer failed to register the sale. A legal expert says the case exposes a gap in vehicle transfer laws that could leave anyone selling a vehicle at risk.
What happened: While Darrell Nash, 66, was in hospital recovering from open heart surgery in March, his grandson, with permission, sold the family's 2004 Acura MDX to a stranger. About three months later, the RCMP called. The vehicle had been found abandoned, uninsured and still registered in Nash's name. And then Nash got a letter from a towing company demanding a $1,500 payment.
Why it matters: In most provinces, the seller fills in a paper or online form to transfer the title and then leaves the rest to the buyer, trusting the new owner will register the vehicle in their name. So if a buyer never completes the paperwork, the seller's name stays on the registration — and with it, the responsibility for tickets, towing, insurance or possibly criminal liability, says automotive insurance lawyer Scott Stanley. Nova Scotia and Newfoundland and Labrador are among the few provinces that have closed the loophole. Legal experts say it’s an easy fix, but the provinces the CBC looked at — including B.C., Alberta, Ontario and Saskatchewan — are making no move to adopt it.
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(CBC)
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There are more than 130,000 people listed as disappeared or missing across Mexico, according to the national registry. Nearly 90 per cent of Mexico’s cases have been registered since 2006, when then-president Felipe Calderón launched a so-called war on drugs and cartels. Now, Mexico City is the first jurisdiction in the country to use a pattern-based strategy, some involving multiple agencies and hundreds of people, in the search for the about 7,000 people listed as disappeared in the capital — the sixth highest among all states in the country. The list grew by 2,000 over the past 12 months, according to the National Registry for Disappeared and Missing Persons, created in 2017. Jorge Barrera joined families searching for loved ones to learn more.
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