From Global News.

As global stock markets took another significant dive on Monday, Canadian political leaders voiced their concerns and proposed responses to mitigate the fallout.

Liberal Leader Mark Carney warned that the tariffs imposed by U.S. President Donald Trump could lead to a recession, stating, "the probability of a U.S. recession has risen significantly… and this will have a major negative effect on the Canadian economy." Carney added that he had spoken to Bank of Canada Governor Tiff Macklem and Finance Minister Francois-Philippe Champagne on Monday about turmoil in the markets and expressed confidence in both men.

Conservative Leader Pierre Poilievre labelled the situation as a consequence of "wrong-headed, unnecessary, chaotic policies coming from President Trump." He proposed delaying tax obligations for seniors, asserting, "Seniors should not pay the price for Donald Trump’s economic vandalism," emphasizing the need for immediate action to shield vulnerable populations.

NDP Leader Jagmeet Singh highlighted the importance of investing in people rather than cutting programs, stating, "You don’t cut your way out of recession. That just makes the pain even worse." He called for the closure of tax loopholes and suggested introducing victory bonds as a way for Canadians to invest in domestic stability.

For more info, please go to https://globalnews.ca
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on X HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #Carney #Poilievre #Singh #stockmarket