Canada

Police in Quebec City early Sunday arrested a man on suspicion of killing two people and injuring five others in a stabbing rampage on Halloween near the provincial legislature.

Canada’s Liberal government outlined a near-term agenda to address damage done by the coronavirus pandemic that includes a focus on social policy, job creation and support for hard-hit industries.

Canadian economic output plunged by a record amount in the second quarter amid pandemic-related restrictions on activity, while data indicated that a strong expansion is in the offing for the current quarter.

The Canadian prime minister told a parliamentary hearing that he initially challenged officials when they recommended awarding a lucrative contract to a charity with ties to his family.

Canadian Prime Minister Justin Trudeau named his deputy, Chrystia Freeland, as the country’s new finance minister and said he would suspend parliament until Sept. 23 as he attempts to turn the page on conflict-of-interest allegations that have weighed heavily on his support this summer.

Canada’s Finance Minister Bill Morneau said he was stepping down, the biggest casualty to date from a scandal tying the Liberal government to a charity with close links to the family of Prime Minister Justin Trudeau.

Canada plans to slap its own tariffs on a range of U.S. products that contain aluminum in retaliation to President Trump’s latest move to aggravate one of the world’s largest trading relationships.

The monthly plunge in economic output marks the worst damage stemming from the new coronavirus and sets the stage for a hefty drop in the second quarter that could take years to recoup.

Canada has become the first triple-A-rated sovereign entity to lose its rating because of the economic downturn and the extraordinary fiscal response triggered by the coronavirus pandemic.

The consumer-price index fell 0.4% in May, reinforcing concerns about deflationary pressure as the economy recovers from shutdowns caused by the coronavirus pandemic.

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