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OTTAWA — The ongoing affordability crunch and the threat of a looming recession will be front and centre as the federal Liberal cabinet holds a post-holiday cabinet retreat this week.
He is fresh off a week of cross-country travel that focused heavily on Canada's push to expand its battery and electric-vehicle industries, including mining the critical minerals they both rely on. A recession would come after three years of instability and anxiety driven first by the COVID-19 pandemic, followed by the Russian invasion in Ukraine and pandemic-related supply-chain interruptions. Both contributed to inflation and subsequent interest-rate hikes to slow it down.
The fall economic statement promised to help low- and modest-income workers with adjustments to the Canada Workers Benefit to advance the money quarterly, and to permanently end interest on federal student loans. Variyan said she expects the retreat will be a chance for the cabinet to take a step back and revisit their mandate letters, a little more than a year since they were issued after the 2021 election.
Trudeau spent much of the last week meeting individually with most of his ministers to start that process. There had been some speculation Trudeau would choose to rejig his team before the House returns but there will be no shuffle at this point.
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