NDP Walks From Supply And Confidence Agreement With Liberals

Canada’s New Democratic Party has announced the termination of its supply and confidence agreement with Prime Minister Justin Trudeau’s Liberal government, potentially paving the way for an early federal election.

NDP Leader Jagmeet Singh made the announcement in a video released on social media, stating he had notified Trudeau of the decision to “rip up” the agreement. The deal, which began in March 2022, was set to run until June 2025 and had ensured the survival of the Liberal minority government.

Singh cited the Liberals’ failure to address corporate greed and their inability to stand up to corporate interests as key reasons for ending the agreement. He also positioned the NDP as the only party capable of stopping Conservative leader Pierre Poilievre’s potential “cuts” to social programs.

The move does not automatically trigger an election, but it significantly increases political uncertainty. The Liberal government will now need to secure support on a case-by-case basis for confidence matters, including budgets and key legislation.

The decision comes amid rising pressure on Singh from both within his party and from opposition Conservatives. Recent polls show the Conservatives leading the Liberals by a significant margin, while NDP support has remained relatively stable.

The termination of the agreement could impact several ongoing legislative initiatives, including pharmacare and dental care programs. It also comes just ahead of two federal by-elections scheduled for September 16.

While the NDP states it is ready for an election, the party will now consider non-confidence votes on each confidence measure presented by the government. This development marks a significant shift in Canadian federal politics and could lead to increased volatility in Parliament in the coming months.


Information for this story was found via the Globe and Mail and sources mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Gold Isn’t In A Bubble, Currency Is. – Doug Casey

The Real Move Begins When They Cut Rates | Peter Krauth

Is Altamira Gold Sitting On Brazil’s Next Big Gold Discovery?

Recommended

Stifel Initiates Coverage On Goliath Resources With $5.00 Price Target

ESGold Completes Mill Building Construction, Final Equipment Procurement Underway

Related News

Canada Sees April’s CPI Climb To 6.8% While Price Of Food Climbs 9.7%

Inflation in Canada continues to climb, with StatCan this morning reporting that the Canadian consumer...

Wednesday, May 18, 2022, 09:27:00 AM

Canadian Dissatisfaction with Federal Spending and Taxation Grows

A vast majority believe they pay too much in taxes for the services they receive....
Monday, July 29, 2024, 02:02:00 PM

Canadian Inflation Rises to 1.3% In January, Price Pressures Continue to Remain Subdued

Inflation levels in Canada rose slightly in January amid an increase in gasoline prices, but...

Wednesday, February 17, 2021, 02:45:00 PM

Canada Posts $3.2 Billion Trade Surplus Amid Rebound in Exports

Canada’s merchandise rebounded sharply in June, as a surge in exports brought trade to a...

Friday, August 6, 2021, 04:46:00 PM

Canada Sees GDP Fall 11.5% In Second Quarter

It’s been reported by Statistics Canada this morning that the second quarter saw real GDP...

Friday, August 28, 2020, 11:18:30 AM