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Economy remains weak under Trudeau as US thrives – The Post Millennial

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The establishment media and political class have long worked together to pull the veil over the eyes of the Canadian People.

They’ve tried to convince us that Canada has “stature” in the world and is ‘respected’ internationally.

They’ve talked about “soft-power,” and the strength of our ‘example’ to other countries.

They’ve even claimed that raw military strength and economic leverage no longer really mattered and that by taking a “progressive” position on every possible issue Canada would become a “moral superpower.”

It was all lies.

For some time, Canadians have been realizing how badly the foreign policy elites and political establishment has failed.

In the most recent election, Justin Trudeau even skipped the foreign policy debate, realizing that avoiding the issue altogether was far better for him than the risk of having the elitist consensus demolished on live television.

He managed to narrowly escape in the campaign, barely holding on to power.

And yet, Trudeau is unable to escape the consequences of his weakness, and the weakness of Canada’s foreign policy establishment.

Michael Kovrig and Michael Spavor are still being held hostage by China.

Trudeau’s latest attempt to secure their release was to ask the United States to make the freedom of Kovrig and Spavor a condition of the Trump Administration signing a phase 1 trade deal with China.

Surely, if “soft-power” mattered and Canada was a “moral superpower,” then Trudeau’s request would be taken seriously, right?

Not so much.

China has openly mocked Trudeau, saying his request was “doomed to fail.” An advisor to China’s State Council said: “Frankly speaking, what Trudeau is saying is nonsense.”

China sees Trudeau and his request as a joke.

U.S. President Donald Trump recently Tweeted about the upcoming U.S.-China phase 1 deal, saying this:

“Had a very good talk with President Xi of China concerning our giant Trade Deal. China has already started large scale purchaes [sic] of agricultural product & more. Formal signing being arranged. Also talked about North Korea, where we are working with China, & Hong Kong (progress!).”

At this point, it appears Trudeau’s request isn’t on the radar for the United States.

After being caught on tape mocking Trump at the recent NATO meeting, Trudeau likely has little leverage with the Trump Administration at this point in time.

The key problem here is that Justin Trudeau, many of Canada’s corporate elites, and the Canadian political class are in thrall to the conventional “wisdom” of the foreign policy establishment.

That establishment has decided to make weakness into a virtue, allowed our military power to evaporate, and seek endless compromise while selling out our national sovereignty.

As a result, our nation is left adrift in a world that has decisively rejected “soft-power,” leaving us as a weak, naïve, and frankly irrelevant presence to other nations who actually have real power.

The fact is that many countries around the world are run like ruthless criminal syndicates, and until Canada realizes that, and until our foreign policy establishment is replaced by people who actually understand ruthlessness and understand how dangerous the world is, Canada will continue to suffer the consequences.

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Economy

Quebec looks to revive economy weakened by coronavirus crisis by fast tracking infrastructure projects – Global News

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Quebec is looking to ramp up 202 infrastructure projects across the province in response to the novel coronavirus pandemic’s toll on the economy.

Bill 61, known as an “Act to restart Quebec’s economy and to mitigate the consequences of the public health emergency” due to the COVID-19 crisis, was unveiled by the government on Wednesday.

As part of the plan, the government wants to accelerate the construction of schools, seniors’ homes, roads and public transit systems. If passed, the bill will allow some projects to be fast tracked without all the regular procedures in place.

Treasury Board President Christian Dubé said the province wants to help people and sectors recover during the health crisis as lockdown measures implemented in March are slowly eased. He insisted that rigor will still be used when it comes to doling out contracts.

“We will not go against laws or regulations,” he said, adding the bill will permit for certain authorizations to be given more quickly.

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READ MORE: Different deconfinement approaches spark calls for change in Quebec massage industry

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The proposed legislation will revive the economy and allow for a less bureaucratic process, according to Dubé.

“We know we were all weathering an unusual storm,” he said.

Under the plan, about 90 infrastructure projects would be ramped up in the health sector, including construction on 48 seniors’ homes. This also includes renovation plans for hospitals in Montreal, such as the renovation and expansion of Lachine Hospital.

In the education sector, about 39 projects would be fast tracked. This includes the construction of new elementary and high schools as well as the expansion of other academic institutions such as Dawson College in Montreal.

When it comes to roads and public transit, the Legault government is looking at accelerating about 50 projects. This includes the long-awaited extension to the Montreal Metro’s blue line.

READ MORE: City of Montreal publishes economic recovery recommendations issued by panel amid coronavirus crisis

Finance Minister Eric Girard described the situation as “exceptional” when outlining the details of the bill alongside Dubé.

Girard also announced that he will provide an update on the province’s finances on June 19, but warned that the pandemic has had a grip on the economy.

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“This year is going to be a negative year,” he said. “The worst year for the economy since World War Two.”

The announcement comes as Quebec saw 291 new cases of COVID-19, the disease caused by the virus, on Wednesday. It leads the country with 51,884 infections.

The death toll stands at 4,794 after 81 more fatalities were reported from the previous day.

As of Wednesday, the number of hospitalizations decreased by 34 for a total of 1,141. There are 158 people in intensive care.

With files from the Canadian Press

© 2020 Global News, a division of Corus Entertainment Inc.

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Economy

Mayor Watson asks province to consider local reopening of economy – Ottawa Citizen

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Mayor Jim Watson has asked Premier Doug Ford to consider reopening the City of Ottawa’s economy as part of a regional approach to relaxing COVID-19 restrictions.

“Mayor Watson spoke to Premier Ford last night and expressed his support for a more regional approach given our city is doing better than many other parts of the province,” Watson’s press secretary Patrick Champagne said Wednesday morning.

“As you know, we also have the added challenge of being a border city, creating an unlevel playing field, as businesses like hair salons and barber shops have reopened in Gatineau but not in Ottawa. Premier Ford fully understood our dilemma and committed to keeping the Mayor’s perspective in mind as they consider a regional approach to reopening the Ontario economy.”

Ford last week expressed interest in a regional approach to reopening Ontario’s economy based on COVID-19 testing and results, rather than tweak provincial emergency orders and have the rules apply to the entire province.

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Economy

US services index shows biggest part of economy is stirring – BNNBloomberg.ca

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U.S. service providers started to emerge in May from a pandemic-induced tailspin as nationwide lockdowns on business and social interaction began to lift.

The Institute for Supply Management said Wednesday that its non-manufacturing index rose 3.6 points to 45.4.

While the monthly increase was the largest in more than two years, the gauge remained below the 50 mark that shows most service-related industries continued to contract.

The purchasing managers group’s gauge of business activity, which parallels the ISM’s factory production index, jumped 15 points, the most in records dating back to 1997, to a still-tepid 41. Along with an improvement in new orders, the figures are a welcome sign that the economy is stabilizing and will gradually recover from a deep recession.

The median forecast in a Bloomberg survey of economists called for an improvement to 44.4 in the overall non-manufacturing index.

The report, however, also showed the labor market remains severely disrupted by the pandemic. The ISM measure of employment at services, which represent almost 90 per cent of the economy, only rose 1.8 points from the worst reading on record in April.

A Labor Department report on Friday is projected to show another 8 million decline in May payrolls after an unprecedented 20.5 million slump in April. The unemployment rate is forecast to soar to nearly 20 per cent.

A pickup in demand as states lift lockdowns and businesses begin to reopen is needed to help stabilize the job market. The ISM’s report showed an index orders at service providers climbed 9 points to a still-weak 41.9.

Meanwhile, the index of supplier deliveries in non-manufacturing industries fell for the first time in four months, indicating an easing in supply-chain bottlenecks and transportation delays.

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