Latest news with #economicresponse
CTV News
8 hours ago
- Business
- CTV News
MPs to vote on controversial major projects bill before rising for the summer
Prime Minister Mark Carney speaks at a press conference on Parliament Hill in Ottawa, on Thursday, June 19, 2025. THE CANADIAN PRESS/ Patrick Doyle OTTAWA — Prime Minister Mark Carney's major projects and internal trade bill will be voted on today before the House of Commons rises until September. A closure motion the government passed to limit debate says the House won't adjourn today until debate wraps up on Bill C-5 and it clears the chamber. The Liberal government's controversial legislation, which would let cabinet quickly grant federal approvals for big industrial projects like mines, ports and pipelines, sailed through committee in the early hours of Thursday with support from the Conservatives. Indigenous and environmental groups and some opposition MPs and senators have criticized the government for rushing a bill through Parliament that gives cabinet such sweeping powers. The legislation was amended Thursday to withdraw the power it gave cabinet to sidestep the Indian Act after weeks of criticism from First Nations leaders. As Canada continues to grapple with U.S. tariffs, Carney on Thursday called C-5 called the 'core' of Canada's domestic economic response. A Senate programming motion has the upper chamber wrapping up its examination of Bill C-5 by June 27. — With files from Kyle Duggan and Alessia Passafiume This report by The Canadian Press was first published June 20, 2025.
Washington Post
25-05-2025
- Business
- Washington Post
Powell defends Federal Reserve in Princeton speech amid onslaught of attacks from Trump
WASHINGTON — Federal Reserve Chair Jerome Powell defended the central bank's response to the COVID-19 pandemic Sunday in a Princeton University speech in which he also praised government employees and U.S. universities, both of which have been targeted by the Trump administration. Powell and the central bank have been subject to extensive criticism in recent weeks by President Donald Trump and a potential successor, former Fed governor Kevin Warsh.
