Latest news with #economicupdate
National Post
03-06-2025
- Business
- National Post
Liberals downplay narrowly lost vote demanding spring budget
OTTAWA — The Liberals downplayed a vote on the throne speech they narrowly lost Monday evening to all the opposition parties which urges the government to present an economic update or a budget before the House of Commons rises for the summer on June 20. Article content Article content The sub-amendment, brought forward by Conservative interim leader Andrew Scheer, called for a 'firm commitment' to present a fiscal overview of the country's finances this spring 'that incorporates measures aimed at unleashing Canada's economic potential.' Article content It was adopted Monday by 166 votes — comprised of the Conservatives, the Bloc Québécois, the NDP and Green Party's Elizabeth May — against 164 Liberal votes. Article content Article content It is, however, a non-binding vote, meaning that the government is under no obligation to present a spring economic update or a budget. But the vote in this new minority Parliament showed how opposition parties can aspire to go up against the government and its razor-thin margin in the House. Article content Mark Gerretsen, the chief government whip who is responsible for ensuring that Liberal MPs attend and vote in the way the party desires, insisted nothing went wrong. Article content 'We knew the outcome of what that vote was going to be,' he told reporters on Tuesday. Article content Gerretsen said Liberals have 169 MPs, one of whom is the House Speaker, and four MPs did not vote because of 'paired abstentions.' Those happen when parties agree to have a member sit out a vote because someone from another party is not able to attend. Article content 'Every single person that was supposed to vote yesterday voted,' he said. Article content Justice Minister Sean Fraser admitted the government is in 'new territory' with its minority mandate and parties can sway things on any given vote with very thin margins. Article content 'I try not to bake feelings into these things. They're math challenges, not problems with feelings. But we have to make sure that we do the work necessary to try to collaborate with parties across the aisle in order to implement the mandate that Canadians have given us.' Article content Finance Minister François-Philippe Champagne said last month there would be no federal budget in the spring, but a fall economic statement. Shortly after, Prime Minister Mark Carney said his government would present a budget during the fall session instead. Article content 'We will have a much more comprehensive, effective, ambitious, prudent budget in the fall,' he said during a media availability in Rome, where he was to commemorate Pope Leo XIV's inaugural mass. 'You do these things right and that's what we're going to do.'
CBC
03-06-2025
- Business
- CBC
Opposition MPs add call for economic update to throne speech
Government whip Mark Gerretsen insists nothing went wrong with a throne speech sub-amendment vote that now calls on the government to table an economic update before Parliament breaks for the summer. The Liberals were defeated 166 to 164 on Monday evening after four Liberal MPs did not vote because of paired abstentions. "Paired abstentions" happen when parties agree to have a member sit out a vote because someone from another party is not able to attend. The sub-amendment, tabled by interim Opposition leader Andrew Scheer, adds a passage to the throne speech that calls for some kind of spring economic update. It also says that update should include the government's plan to "unleash Canada's economic potential" and explain how it will respect provincial jurisdiction and Indigenous rights.
CTV News
03-06-2025
- Business
- CTV News
Opposition MPs add call for a spring economic update to throne speech
Liberal MP Mark Gerretsen, now the government whip, makes his way to a Liberal Party caucus meeting in West Block on Parliament Hill in Ottawa on Wednesday, Jan. 8, 2025. THE CANADIAN PRESS/Justin Tang OTTAWA — Government whip Mark Gerretsen insists nothing went wrong with a throne speech sub-amendment vote that now calls on the government to table an economic update before Parliament breaks for the summer. The Liberals were defeated 166 to 164 Monday evening after four Liberal MPs did not vote because of paired abstentions. 'Paired abstentions' happen when parties agree to have a member sit out a vote because someone from another party is not able to attend. The sub-amendment, tabled by interim Opposition leader Andrew Scheer, adds a passage to the throne speech that calls for some kind of spring economic update. It also says that update should include the government's plan to 'unleash Canada's economic potential' and explain how it will respect provincial jurisdiction and Indigenous rights. Government House leader Steven MacKinnon says this is a non-binding motion and the vote that really matters is the confidence motion tomorrow on adopting the throne speech. This report by The Canadian Press was first published June 3, 2025. David Baxter, The Canadian Press
Reuters
18-05-2025
- Business
- Reuters
Canada PM Carney says federal budget will come in the autumn
TORONTO, May 18 (Reuters) - Canadian Prime Minister Mark Carney said on Sunday the federal government will present a budget in the autumn, days after the finance minister had said the new Liberal government will have an economic update later in the year. Carney's announcement after he attended Pope Leo XIV's inauguration at the Vatican came days after Finance Minister Francois-Philippe Champagne said the new Liberal government will table an economic update later in the year, implying it will not present an annual budget in the near term. "There is not much value in trying to rush through a budget in a very narrow window - three weeks - with a new cabinet," Carney said at a press conference in Rome.
Yahoo
18-05-2025
- Business
- Yahoo
Canada PM Carney says federal budget will come in the autumn
TORONTO (Reuters) -Canadian Prime Minister Mark Carney said on Sunday the federal government will present a budget in the autumn, days after the finance minister had said the new Liberal government will have an economic update later in the year. Carney's announcement after he attended Pope Leo XIV's inauguration at the Vatican came days after Finance Minister Francois-Philippe Champagne said the new Liberal government will table an economic update later in the year, implying it will not present an annual budget in the near term. "There is not much value in trying to rush through a budget in a very narrow window - three weeks - with a new cabinet," Carney said at a press conference in Rome.
