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White House aiming for Trump pivot from coronavirus to economy – The Globe and Mail

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U.S. President Donald Trump stands as Vice President Mike Pence speaks about the coronavirus in the James Brady Press Briefing Room of the White House in Washington on April 20, 2020. The White House is planning to shift President Donald Trump’s public focus to the burgeoning efforts aimed at easing the economic devastation caused by the pandemic.

The Associated Press

After two months of frantic response to the coronavirus, the White House is planning to shift U.S. President Donald Trump’s public focus to the burgeoning efforts aimed at easing the economic devastation caused by the pandemic.

Days after he publicly mused that scientists should explore the injection of toxic disinfectants as a potential virus cure, Mr. Trump has now rejected the utility of his daily task force briefings, where he has time and again clashed with scientific experts. Mr. Trump’s aides are aiming to move the President onto more familiar – and safer, they hope – ground: talking up the economy, in tighter controlled settings.

It’s a political imperative as allies have seen an erosion in support for the President. What had been his greatest asset in the re-election campaign, his ability to blanket news headlines with freewheeling performances, has become a daily liability. At the same time, new Republican Party polling shows Mr. Trump’s path to a second term depends on the public’s perception of how quickly the economic rebounds from the state-by-state shutdowns meant to slow the spread of the virus.

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Some states have started to ease shutdown orders, and Mr. Trump is expected to begin to highlight his administration’s work in helping businesses and employees. Aides said the President would hold more frequent round-tables with CEOs, business owners and beneficiaries of the trillions of dollars in federal aid already approved by Congress, and begin to outline what he hopes to see in a future recovery package.

Mr. Trump last left the White House grounds a month ago, and plans are being drawn up for a limited schedule of travel within the next few weeks, an aide said. It would be a symbolic show that the country is beginning to reopen.

The shift comes in conjunction with what the White House sees as encouraging signs across the country, with the pace of new infections stabilizing and deaths declining.

Still, medical experts warn that the virus will remain until at least a vaccine is developed and that the risk of a severe second wave is high if social distancing is relaxed too quickly or if testing and contact tracing schemes aren’t developed before people return to normal behaviours.

The White House is deliberating whether to continue to hold news briefings in a modified form without Mr. Trump, potentially at a different location. Before Mr. Trump said in a tweet Saturday that they were “Not worth the time & effort,” aides had been eager to use the briefings to highlight positive trends and to overwhelm Americans with statistics. It was an effort to restore confidence in the response so that the public would be comfortable resuming more normal activities.

“We know that’s important,” Deborah Birx, the White House coronavirus task force co-ordinator, told Fox News Channel’s Sunday Morning Futures. “We understand those messages of science and policy need to be brought forward to the American people in a non-political way.”

Few Americans regularly look to or trust Mr. Trump as a source of information on the pandemic, according to a survey from The Associated Press-NORC Center for Public Affairs Research released last week.

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On Monday, the White House is expected to release a recap of what the federal government has done so far to improve the availability of COVID-19 testing, personal protective equipment and ventilators.

Still, governors in both parties say much more is needed, particularly in testing, in the coming months, as they deliberate how and when to reopen their states.

“I want to get our economy back opened just as soon as we can, but I want to do so in a safe way so we don’t have a spike, we don’t cause more deaths, or an overloading of our health care system,” Governor Larry Hogan, a Republican from Mayland, told ABC’s This Week.

Dr. Birx expressed frustration that Mr. Trump’s injection comments were still in the headlines, illustrating the tensions that have emerged between the President and his medical advisers.

“As a scientist and a public health official and a researcher, sometimes I worry that we don’t get the information to the American people that they need, when we continue to bring up something that was from Thursday night,” she said on CNN’s State of the Union.

As the White House aims to turn a corner, it is also beginning to assess responsibility for critical missteps. Two senior administration officials said Mr. Trump has begun discussions about replacing Health and Human Services Secretary Alex Azar, who led the coronavirus task force during its initial weeks and has been blamed for a culture of bureaucratic infighting during that period. Mr. Azar has been largely sidelined since Vice-President Mike Pence took charge of the task force in late February.

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Economy

Canada’s unemployment rate holds steady at 6.5% in October, economy adds 15,000 jobs

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OTTAWA – Canada’s unemployment rate held steady at 6.5 per cent last month as hiring remained weak across the economy.

Statistics Canada’s labour force survey on Friday said employment rose by a modest 15,000 jobs in October.

Business, building and support services saw the largest gain in employment.

Meanwhile, finance, insurance, real estate, rental and leasing experienced the largest decline.

Many economists see weakness in the job market continuing in the short term, before the Bank of Canada’s interest rate cuts spark a rebound in economic growth next year.

Despite ongoing softness in the labour market, however, strong wage growth has raged on in Canada. Average hourly wages in October grew 4.9 per cent from a year ago, reaching $35.76.

Friday’s report also shed some light on the financial health of households.

According to the agency, 28.8 per cent of Canadians aged 15 or older were living in a household that had difficulty meeting financial needs – like food and housing – in the previous four weeks.

That was down from 33.1 per cent in October 2023 and 35.5 per cent in October 2022, but still above the 20.4 per cent figure recorded in October 2020.

People living in a rented home were more likely to report difficulty meeting financial needs, with nearly four in 10 reporting that was the case.

That compares with just under a quarter of those living in an owned home by a household member.

Immigrants were also more likely to report facing financial strain last month, with about four out of 10 immigrants who landed in the last year doing so.

That compares with about three in 10 more established immigrants and one in four of people born in Canada.

This report by The Canadian Press was first published Nov. 8, 2024.

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Health-care spending expected to outpace economy and reach $372 billion in 2024: CIHI

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The Canadian Institute for Health Information says health-care spending in Canada is projected to reach a new high in 2024.

The annual report released Thursday says total health spending is expected to hit $372 billion, or $9,054 per Canadian.

CIHI’s national analysis predicts expenditures will rise by 5.7 per cent in 2024, compared to 4.5 per cent in 2023 and 1.7 per cent in 2022.

This year’s health spending is estimated to represent 12.4 per cent of Canada’s gross domestic product. Excluding two years of the pandemic, it would be the highest ratio in the country’s history.

While it’s not unusual for health expenditures to outpace economic growth, the report says this could be the case for the next several years due to Canada’s growing population and its aging demographic.

Canada’s per capita spending on health care in 2022 was among the highest in the world, but still less than countries such as the United States and Sweden.

The report notes that the Canadian dental and pharmacare plans could push health-care spending even further as more people who previously couldn’t afford these services start using them.

This report by The Canadian Press was first published Nov. 7, 2024.

Canadian Press health coverage receives support through a partnership with the Canadian Medical Association. CP is solely responsible for this content.

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Trump’s victory sparks concerns over ripple effect on Canadian economy

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As Canadians wake up to news that Donald Trump will return to the White House, the president-elect’s protectionist stance is casting a spotlight on what effect his second term will have on Canada-U.S. economic ties.

Some Canadian business leaders have expressed worry over Trump’s promise to introduce a universal 10 per cent tariff on all American imports.

A Canadian Chamber of Commerce report released last month suggested those tariffs would shrink the Canadian economy, resulting in around $30 billion per year in economic costs.

More than 77 per cent of Canadian exports go to the U.S.

Canada’s manufacturing sector faces the biggest risk should Trump push forward on imposing broad tariffs, said Canadian Manufacturers and Exporters president and CEO Dennis Darby. He said the sector is the “most trade-exposed” within Canada.

“It’s in the U.S.’s best interest, it’s in our best interest, but most importantly for consumers across North America, that we’re able to trade goods, materials, ingredients, as we have under the trade agreements,” Darby said in an interview.

“It’s a more complex or complicated outcome than it would have been with the Democrats, but we’ve had to deal with this before and we’re going to do our best to deal with it again.”

American economists have also warned Trump’s plan could cause inflation and possibly a recession, which could have ripple effects in Canada.

It’s consumers who will ultimately feel the burden of any inflationary effect caused by broad tariffs, said Darby.

“A tariff tends to raise costs, and it ultimately raises prices, so that’s something that we have to be prepared for,” he said.

“It could tilt production mandates. A tariff makes goods more expensive, but on the same token, it also will make inputs for the U.S. more expensive.”

A report last month by TD economist Marc Ercolao said research shows a full-scale implementation of Trump’s tariff plan could lead to a near-five per cent reduction in Canadian export volumes to the U.S. by early-2027, relative to current baseline forecasts.

Retaliation by Canada would also increase costs for domestic producers, and push import volumes lower in the process.

“Slowing import activity mitigates some of the negative net trade impact on total GDP enough to avoid a technical recession, but still produces a period of extended stagnation through 2025 and 2026,” Ercolao said.

Since the Canada-United States-Mexico Agreement came into effect in 2020, trade between Canada and the U.S. has surged by 46 per cent, according to the Toronto Region Board of Trade.

With that deal is up for review in 2026, Canadian Chamber of Commerce president and CEO Candace Laing said the Canadian government “must collaborate effectively with the Trump administration to preserve and strengthen our bilateral economic partnership.”

“With an impressive $3.6 billion in daily trade, Canada and the United States are each other’s closest international partners. The secure and efficient flow of goods and people across our border … remains essential for the economies of both countries,” she said in a statement.

“By resisting tariffs and trade barriers that will only raise prices and hurt consumers in both countries, Canada and the United States can strengthen resilient cross-border supply chains that enhance our shared economic security.”

This report by The Canadian Press was first published Nov. 6, 2024.

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