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11 stories we’re watching in Canada today

In the news today: All eyes on the Bank of Canada, plus the PM speaks in Davos


 

BoC Policy Report 20150121

Six stories in the news today, Jan. 20:

TRUDEAU TALKS UP CANADA

A new prime minister and a new Canada. That’s the message Prime Minister Justin Trudeau plans to deliver when he makes his entrance at the annual meeting of the World Economic Forum as he tries to rebrand Canada on the world stage. He will do so in a keynote address today entitled, “The Canadian Opportunity.”

More on what he plans to say here.

Catch the livestream of the speech at 9:20 ET here.

BANK TO ANNOUNCE INTEREST RATE

The Bank of Canada will announce its decision on a key interest rate later today against a backdrop of low oil prices, a tumbling Canadian dollar and grim prospects for economic growth. The trend-setting policy rate sits at 0.5 per cent, and if central bank governor Stephen Poloz were to lower that, it would bring the rate down to levels not seen in years. Update: The bank held steady.

Business editor Jason Kirby sets up today’s announcement here. 

HEALTH MINISTERS MEET

British Columbia Health Minister Terry Lake says talks between federal, provincial and territorial leaders could pave the way for future health-care agreements. Two days of talks are scheduled to begin today in Vancouver. A sign of warmer relations between the federal government and the provinces and territories came Tuesday when federal Health Minister Jane Philpott announced Ottawa is joining a provincial program that buys drugs in bulk to save costs.

Senior writer Laura Payton sets up the meeting here. 

JUDGE TO WRAP INSTRUCTIONS TO FORCILLO JURY

A judge is expected to conclude his instructions today to the jury hearing the case of a Toronto police officer charged in the shooting death of a teen on an empty streetcar in July 2013. Superior Court Justice Edward Then has spent the last two days carefully reviewing evidence and legal defences in the trial of Const. James Forcillo.

TOP COURT TO HEAR ALBERTA INFANTCIDE ARGUMENT

Alberta Crown prosecutors say the charge of infanticide is “outdated and rife with problems” and are asking Canada’s top court to order a new trial for a woman convicted of the crime after tossing three of her newborns into the garbage. Meredith Borowiec of Calgary was originally charged with two counts of second-degree murder for the deaths of two of her children in 2008 and 2009.

STRONG U.S. DOLLAR A BOON FOR RESORT SALES

Realtors who sell Canadian resort properties say the low loonie is spurring interest from American buyers who are looking to pick up cheap vacation homes north of the border. “We’re thanking our lucky stars,” said Brad Hawker from Royal LePage Rocky Mountain Realty in Canmore, Alta.

ALSO IN THE NEWS TODAY

The NDP caucus holds a strategy meeting in Montebello, Que., ahead of the return of Parliament

Statistics Canada will update the wholesale trade, manufacturing and travel stats for November.

Newly elected MPs participate in an orientation event.

Jury selection continues in Hamilton at the trial for Dellen Millard and Mark Smich, charged in the death of Tim Bosma.

A judge in St. John’s is to rule on whether Nicholas Layman is criminally responsible in connection with the stabbing of a young soccer player in 2014.

 


 
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