Business
Rachel Notley intends to run for premier in Alberta again in 2023 – Global News


Official Opposition Leader Rachel Notley says she fully intends to lead Alberta’s NDP into the 2023 provincial election and that she believes her party can regain the support of voters the next time they head to the polls.
“Yes, absolutely,” Notley recently told Global News during a year-end interview when asked if she will run as leader of the NDP in 2023.
“I feel pretty bullish about our chances.”
Notley said she believes that being a politician, “if it’s done right… can actually be a bit of a noble-ish profession,” she said.
“I know… It’s not a common belief anymore… [but] I really care about the province and I want to see us doing better.”
Notley and the New Democrats lost April’s provincial election to Jason Kenney and his United Conservative Party, who won enough seats to form a majority government.
READ MORE: Transfer of power begins following Alberta election
Four years earlier, the NDP surged to power by unseating the Progressive Conservatives, who had spent 44 consecutive years in government.
The most recent legislature sitting was a heated one, with Notley and the NDP criticizing the UCP on many of its policies as well as its fiscal plan involving the introduction of corporate tax cuts, attempts to roll back public sector wages and making cuts to public spending.
READ MORE: Alberta UCP asking arbitrators to cut public service pay by 2%
Notley was also fiercely critical of UCP legislation that saw Alberta’s election commissioner lose his job. The former commissioner, Lorne Gibson, had been investigating allegations of wrongdoing in the 2017 UCP leadership race that saw Kenney emerge victorious.
READ MORE: Bill 22 passes 3rd reading at Alberta legislature; ethics commissioner cannot ‘delay proceedings’
In her year-end interview, Notley answered questions on a wide range of issues, from the state of Alberta’s economy and UCP policies to her own future.
Watch below: Some recent Global News videos involving Rachel Notley.
© 2019 Global News, a division of Corus Entertainment Inc.
Business
BofA analyst calls Canadian bank stocks a ‘dicey proposition’
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BofA analyst Ebrahim Poonawala entitled a research report on Canadian banks.“Our meetings with bank management teams and industry experts during BofA’s annual Canada Banks Day painted a picture of a worsening macro-economic backdrop. BofA’s Economics team forecasts GDP growth decelerating to 0.8 per cent in 2024 (1.1 per cent 2023) with risks skewed to the downside.
“Our meetings with bank management teams and industry experts during BofA’s annual Canada Banks Day painted a picture of a worsening macro-economic backdrop. BofA’s Economics team forecasts GDP growth decelerating to 0.8 per cent in 2024 (1.1 per cent 2023) with risks skewed to the downside. In terms of fundamentals, an economy that is flirting with recession is likely to serve as a headwind to EPS growth and ROEs for banks while markets discount tail risk events stemming from higher for longer interest rates… A recurring theme during the day was expectations for increasing stress on unsecured lending and commercial, as borrowers begin to feel the impact from higher rates. Stagflation is the worst case scenario (=downside risks to our forecast), while our base case assumes that banks will muddle through what is likely to be an uncomfortable adjustment for the consumer to structurally higher interest rates … We forecast relatively anemic EPS growth 2.





Business
Before the Bell: Rate worries continue to temper sentiment – The Globe and Mail
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GO trains running normally this morning after CN outage halted service: Metrolinx – CP24
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