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Trudeau en route to Southeast Asia for summits aimed at deeper Indo-Pacific ties

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OKYO — Prime Minister Justin Trudeau is en route to Southeast Asia for a series of meetings aimed at deepening Canada’s presence in the Indo-Pacific.

The Prime Minister’s Office says his main focuses include the economy, such as inflation and supply-chain issues, support for Ukraine and the environment.

Trudeau’s first stop will be the leaders’ summit of the Association of Southeast Asian Nations in the Cambodian capital of Phnom Penh. He is scheduled to arrive shortly after midnight on Saturday, Ottawa time.

On Saturday, Trudeau will take part in an hour-long commemoration of Canada’s 45 years of ties with the ASEAN bloc, including heads of government and state.

The 10-country bloc has some of the fastest economic growth on the planet, and started formal trade talks with Canada last year.

Wayne Farmer, head of the Canada-ASEAN Business Council, said that gives Ottawa an edge when many countries are jockeying for deeper ties in the region.

“That they selected Canada, given their limited bandwidth to negotiate … they must see something of interest in Canada to pursue,” he said, noting the booming economies are hungry for the commodities and infrastructure acumen that Canada can offer.

“They’re all having this bounce that you’re not seeing in the developed, Western world necessarily. So we need to be there, trading with them, supplying and buying from them — and also learning from them,” Farmer said.

“The fact that we’re showing up is good and important, and it does send a signal that we’re interested in the region.”

It hasn’t always been that way. After a speech this week unveiling part of her upcoming Indo-Pacific strategy, Foreign Affairs Minister Mélanie Joly admitted that diplomats have told her about “the issue of Canada not always being a reliable partner” in the region.

“Sometimes we show up, and then we leave, and then we go back. That can’t be it,” Joly said during a question-and-answer session on Wednesday.

At the ASEAN summit, Trudeau is slated to attend a discussion on women in peace and security. He will likely visit the Tuol Sleng Genocide Museum, at what was a prison during the Khmer Rouge regime.

On Monday, the prime minister is scheduled to head to Indonesia for the G20 summit in Bali, a meeting of the world’s largest economies.

He is among the leaders of rich countries who are pressing their developing-country peers to further isolate Russian President Vladimir Putin for his invasion of Ukraine.

“It is clear that his barbaric war is jeopardizing our pandemic economic recovery, has amplified the global inflation crisis, and has worsened the world’s food and energy crisis. Its indirect impacts are making people hungrier, colder and poorer,” Trudeau wrote in a publication for the G20 Research Group at the University of Toronto.

“I am going to the Bali Summit with the objectives of holding Russia to account for its illegal war, demonstrating Canada’s unshakable belief in multilateral co-operation, and advancing global economic growth.”

Other G20 countries such as India, China, Cambodia and Thailand have abstained in UN General Assembly resolutions condemning Russia.

This year’s summit host, Indonesia, has stressed the importance of focusing on consensus instead of division. It has asked leaders to focus on shoring up health systems, and boosting food and energy security.

John Kirton, who leads the G20 Research Group, said it’s hard to separate those issues from the strain the Russian invasion is putting on global systems.

“This war is hurting the very emerging and developing countries whose support (Putin) needs to win,” said Kirton, who is anticipating efforts at the G20 to broaden a deal with Russia that has helped get Ukrainian grain to developing countries.

With the West pushing to isolate Russia and developing countries seeking help to recover from the pandemic, he said this summit faces severe challenges.

“The unprecedented divide will be bridged, so that the summit can get on to doing its regular work,” Kirton said.

Putin will not be attending the Bali summit, but it will include the first meeting between U.S. President Joe Biden and Chinese President Xi Jinping as heads of state.

Following the G20, Trudeau will make a brief stop in Bangkok, Thailand, to meet with leaders of the Asia-Pacific Economic Cooperation group.

The summit is focused on the removal of trade barriers on both sides of the Pacific Ocean, as well as climate change.

Kirton warned that this might mean other countries pressure the U.S. to expand recent policies that offer tax credits for buying electric vehicles made in North America, a deal that benefits Canada but not Japan or South Korea.

Trudeau then heads to Tunisia for the Francophonie summit, a meeting of French-speaking countries that includes large swaths of Africa.

The prime minister will partake in roundtables on digital connectivity as well as the role of women and youth.

Yet politics may overshadow the agenda, with Canada having raised concerns about anti-democratic moves by the Tunisian government.

Just weeks ago, Trudeau said he wasn’t sure whether he’d attend the summit, and didn’t deny reports that Canada pushed to have it moved to another country.

Each summit will involve bilateral meetings between Trudeau and world leaders. His office has publicly confirmed a meeting with Cambodian Prime Minister Hun Sen, and an intent to meet for the first time in-person with British Prime Minister Rishi Sunak and Italian Prime Minister Giorgia Meloni at the G20.

The trip is not likely to involve major defence announcements, in part because of Canada’s limited military presence in the Indo-Pacific region.

The Canadian Forces are taking part in a UN mission to monitor various sanctions on North Korea, to prevent goods and fuel from being trafficked between boats. And Canada recently announced talks to share intelligence with Japan.

Yet last year, Canada was excluded from a security pact between Australia, the United Kingdom and the United States known as AUKUS.

Canada is also not part of the Quadrilateral Security Dialogue, often dubbed “the Quad,” which Japan started in 2004 to meet with the U.S., Australia and India. The group has had increasingly frequent meetings as China asserts itself in the region.

Trade Minister Mary Ng is accompanying Trudeau for the Southeast Asia portion of the 10-day trip, while Joly will skip the APEC meeting in Thailand to lay the ground for Trudeau’s visit to the Francophonie summit.

This report by The Canadian Press was first published Nov. 11, 2022.

 

Dylan Robertson, The Canadian Press

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S&P/TSX composite index gains more than 350 points, U.S. stock markets also rise

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TORONTO – Canada’s main stock index gained more than 350 points Thursday in a broad rally led by energy and technology stocks, while U.S. markets also rose, led by a one-per-cent gain on the Dow. 

The S&P/TSX composite index closed up 354.22 points at 25,390.68.

In New York, the Dow Jones industrial average was up 461.88 points at 43,870.35. The S&P 500 index was up 31.60 points at 5,948.71, while the Nasdaq composite was up 6.28 points at 18,972.42.

The Nasdaq lagged an otherwise decent day for Wall St., rising just 0.03 per cent as it was dragged down by Google parent Alphabet and some of its tech giant peers. 

The tech company’s stock fell 4.6 per cent after U.S. regulators asked a judge to break it up by forcing a sale of the Chrome web browser. 

Amazon shares traded down 2.2 per cent while Meta and Apple both moved lower as well. 

After a substantial run for major tech stocks this year, that kind of news “shakes people a bit,” said John Zechner, chairman and lead equity manager at J. Zechner Associates.

Meanwhile, semiconductor giant Nvidia saw its stock tick up modestly by 0.5 per cent after it reported earnings Wednesday evening.

The company yet again beat expectations for profit and revenue, and gave a better revenue forecast for the current quarter than expected. 

But expectations for Nvidia have been so high amid the optimism over artificial intelligence that even beating forecasts wasn’t enough to send its stock flying the way it has in previous quarters, said Zechner. 

Nvidia essentially caps earnings season in the U.S., with companies largely beating expectations, said Zechner — though those expectations weren’t exactly lofty for companies outside the tech and AI sphere, he added. 

The Dow led major U.S. markets as the post-election hopes for economic growth continued to fuel a broadening of market strength, said Zechner. 

There are a lot of unknowns when it comes to U.S. president-elect Donald Trump, said Zechner, and there’s no guarantee he will do what he’s promised.

“There’s a lot of unknowns, but for now the markets seem to be assuming that whatever comes of this, the U.S. will continue to lead global growth,” he said. 

However, some of Trump’s promises — chief among them widespread tariffs on imports — have sparked bets that inflation may rear its head again.

The market has pared back its expectations for interest rate cuts as a result, said Zechner. 

“Nobody’s talking about a half-point cut, that’s for sure,” he said. 

The Canadian dollar traded for 71.63 cents US compared with 71.46 cents US on Wednesday.

The January crude oil contract was up US$1.35 at US$70.10 per barrel and the January natural gas contract was up nine cents at US$3.48 per mmBTU.

The December gold contract was up US$23.20 at US$2,674.90 an ounce and the December copper contract was down three cents at US$4.13 a pound.

— With files from The Associated Press

This report by The Canadian Press was first published Nov. 21, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD) 

The Canadian Press. All rights reserved.



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Halifax security forum gathers as Trump’s support for Taiwan, Ukraine in question

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HALIFAX – Uncertainty is a key theme this year at the annual, three-day gathering in Halifax of political leaders, defence officials and policy analysts who aim to promote democratic values around the globe. 

The 300 delegates from 60 countries will take part in the Halifax International Security Forum, which begins Friday, less than three weeks after Donald Trump’s United States presidential election victory — a result that has raised questions about U.S. military support for the threatened democracies of Ukraine and Taiwan.

Over the past two years, Trump has repeatedly taken issue with the almost $60 billion in assistance to Ukraine provided by U.S. President Joe Biden’s administration, and he’s made vague vows to end the war. The president-elect has also been unclear if his upcoming administration would defend Taiwan in the event of an invasion by China, and has suggested the self-governed island “should pay us for defence.”

Peter Van Praagh, president of the forum, said in an interview Wednesday that in November 2016 — after Trump’s first ascent to the White House — there was “a level of shock that this could happen,” but he said this year shock has been replaced with a feeling of incertitude.

“One of the things that the president-elect Trump brings to the table is a level of uncertainty …. Now everybody is looking to reduce that uncertainty and get some type of clarity on what his priorities will be,” he said.

Van Praagh expects the speakers at the 16th forum will present evidence justifying why the Trump administration must continue Biden’s financial and military support for Ukraine, arguing that the security of democracies around the globe depends on it.

He said he’s pleased former Taiwan president Tsai Ing-wen will deliver a speech Saturday, which is expected to emphasize how U.S. support for Ukraine is crucial to the security of her country and its democracy.

Tsai left office in May. During her two terms in office she came under frequent attack from China for her refusal to recognize Beijing’s claim of sovereignty over the island.

Van Praagh said the politician — who remains an influential figure in the ruling Democratic Progressive Party — is expected to describe how the threat from China isn’t isolated from the conflict in Central Europe. “All of these things are connected. Ukrainian security is connected with security in eastern Asia,” he said. 

Van Praagh said he hopes speakers at the forum help to influence members of the U.S. congressional delegation on the importance of backing Taiwan and Ukraine.

In 2016, former Republican Sen. John McCain was a prominent and influential figure in Washington, and he regularly attended the Halifax security forum — bringing the ideas he heard back to the Senate. An award has been given out in his name at the forum each year since he died in 2018.

This year, two Republican senators, James Risch of Idaho — who may chair the influential foreign relations committee after Trump takes office — and Mike Rounds from South Dakota are attending as part of the U.S. congressional delegation, along with four Democratic Party senators.

“These guys not only have a say, they have a vote,” said Van Praagh.

Risch will be a speaker at the opening session of the conference on Friday, along with Democratic Party Sen. Jeanne Shaheen from New Hampshire, as they discuss America’s role in the world. The opening day will also hear from Canadian Minister of Foreign Affairs Mélanie Joly, who will sit on a panel titled “Victory in Ukraine” alongside Rounds.

Other invited guests include Gen. Jennie Carignan, head of the Canadian Armed Forces, who will sit on a panel with U.S. Admiral Samuel Paparo, commander of the U.S. Indo-Pacific command, and Andrew Shearer, director of Australia’s Office of National Intelligence, on Saturday.

Many of the events over the forum’s three days, including a plenary session on threats to the Canadian Arctic from Russia and China, tie back to the conflict in Ukraine, and to whether Western democracies should continue to back the country.

“Should we succeed in Ukraine and push Russia out of Ukraine, every other international challenge becomes easier,” Van Praagh said. “If Russia succeeds, everything becomes more difficult.”

“The alternative is chaos and more war.”

This report by The Canadian Press was first published Nov. 21, 2024.



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50-50 chance: After tie vote, Cape Breton-area councillor to be chosen by random draw

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HALIFAX – It will be the luck of the draw that chooses the next councillor for a district in northern Cape Breton after two candidates earned the same number of votes in a recent municipal election.

Amy MacKinnon and Wanda Hennick both received 145 votes on Oct. 19 in the district that includes the Victoria County communities of Dingwall, Aspy Bay and Bay St. Lawrence. To break the tie, the winner will be chosen on Friday by random draw — a selection process stipulated in the Nova Scotia Municipal Elections Act.

Hennick said the voting results were a “shock” to everyone in the district. The random draw is undemocratic, she said, and makes some people in her district feel like their votes won’t count. The winner should be determined in a byelection, she added.

“I’m not happy about it,” she said in an interview. “We owe our constituents an actual election. They didn’t vote to have someone’s name pulled out of a box. If that was the case, why didn’t they do that from the beginning? They feel like their votes were taken from them.”

MacKinnon couldn’t be immediately reached for comment.

Each province has its own rules about what to do if a municipal election ends in a tie. Newfoundland and Labrador and New Brunswick follow the same procedure as Nova Scotia. In Prince Edward Island, a coin-flip determines the winner, while in Ontario, the deciding vote is cast by the returning officer. 

Blair Gallop, Victoria County’s returning officer, says the Oct. 19 election isn’t the only time a tie has been recorded in Nova Scotia municipal politics; in 1979, Harvey Lewis became mayor of Louisbourg after his name was picked from a hat.

Hennick said she will travel to Sydney, N.S., for the recount, though she initially thought about boycotting it. Regardless of Friday’s outcome, she thinks her district will be in good hands. 

“It’s 50-50. We’re both strong women in this district and we do a lot for our community here, so I feel confident if I don’t get (elected), the district is going to be looked after very well with Amy. If I win, then perfect.”

This report by The Canadian Press was first published Nov. 21, 2024.

The Canadian Press. All rights reserved.



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