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Canada

Prime Minister Justin Trudeau is fond of rolling out policies through the prism of what they mean for the middle class. Now he may be one of the first leaders of an industrialized economy to give the middle class its own cabinet minister.

A division of SNC-Lavalin Group pleaded guilty to fraud in connection with its past activity in Libya, ending criminal proceedings for the Montreal company at the center of a political scandal in Canada.

Canada’s re-elected Liberal government said it would be recording markedly wider-than-projected deficits over the next half decade, while signaling its intent to keep the fiscal taps open to help buoy economic prospects.

A Canadian jury found a former SNC-Lavalin Group executive guilty of corruption-related charges in a case that examined the Montreal firm’s past activities in Libya, which were at the center of a political firestorm earlier this year.

The leader of Canada’s Conservative Party, Andrew Scheer, said Thursday that he would step down following an election in October in which his Liberal rival Prime Minister Justin Trudeau secured a second term.

Bank of Canada Governor Stephen Poloz will step down from his position when his term expires next June, after overseeing an economy hit by a commodity-price downturn and trade uncertainty fueled by the Trump administration.

The Canadian economy unexpectedly shed jobs in November and the unemployment rate rose to its highest level in more than a year, marking a retrenchment for a jobs market that has largely been a bright spot in recent years.

Canada’s trade deficit of goods narrowed in October and came in slightly ahead of expectations, as exports advanced and the country’s trade surplus with the U.S. hit a decade-plus high.

The Bank of Canada left its key interest rate unchanged at 1.75% and gave no indication a near-term cut is in the offing, as it cited early evidence that the global economy is stabilizing.

Canadian market watchers expect the Bank of Canada to leave its main interest rate unchanged in its decision on Wednesday but are sharply divided on whether a rate cut is coming in early 2020.

Economic growth in Canada decelerated markedly in the third quarter after posting the fastest expansion among Group of Seven countries in the previous three-month period.

Canada brushed off demands to introduce legislation to end a labor dispute between Canadian National Railway Co. and over 3,000 unionized employees that is disrupting the economy.

Canada’s Justin Trudeau is turning to Chrystia Freeland, his former foreign minister, to quell escalating regional tensions over resource development, as the prime minister unveils a new cabinet for his minority government.

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