-
Canada votes as Trudeau, clouded by scandals, tries to hold power

Canadians were voting on Monday to determine whether Prime Minister Justin Trudeau, who swept into office four years ago as a charismatic figure promising “sunny ways,” will remain in power after two major scandals.
The first polls in what is considered a neck-and-neck race between Trudeau’s Liberals and the main opposition Conservatives led by Andrew Scheer were set to close shortly in the province of Newfoundland and Labrador, with voting ending in the Pacific Coast province of British Columbia at 7 p.m. (0200 GMT on Tuesday)
Trudeau, 47, the Liberal Party leader, was endorsed by former US President Barack Obama in the final stretch of the campaign and is viewed as one of the last remaining progressive leaders among the world’s major democracies.
But he was shaken during the campaign by a blackface scandal and has been dogged by criticism of his handling of a corruption case involving a major Canadian construction company. Trudeau, the son of the late Liberal Prime Minister Pierre Trudeau, has also had to overcome a sense of fatigue with his government.
Trudeau, accompanied by his family, voted in Montreal on Monday after a marathon sprint campaigning across the country in the past four days.
On Twitter, he repeatedly urged people to get out and vote. Voter turnout is crucial for the Liberals, who privately fear low engagement will affect them more than the Conservatives.
“The truth is it’s a coin toss right now,” Ipsos pollster Darrell Bricker said.
A year ago, no one would have predicted that Trudeau risked becoming the first prime minister since the 1930s to secure a parliamentary majority and then fail to win a second term.
The latest opinion polls suggest he may narrowly avert that result and could win a minority in the 338-seat House of Commons. That would still leave him in a weakened position and needing the support of left-leaning opposition parties to push through key pieces of legislation.
“(A minority government) would force people to talk to each other, which is what we need,” said Naomi Higgins, a 25-year-old voter in Toronto who supported the Liberals four years ago but switched to the Greens in this election. “We need to ... start doing what’s best for everyone instead of what makes one party or the other look best.”
Liberal campaign strategists say four members of Trudeau’s Cabinet could lose their parliamentary seats, including Public Safety Minister Ralph Goodale, a veteran member of parliament who is seen as one of the government’s heavyweights.
Goodale, 70, is the only Liberal member of parliament from the western province of Saskatchewan, where anger at Trudeau is mounting over federal environmental policies that the energy industry says will harm output.
The oil industry’s top lobbying group has blamed Trudeau’s policies for throttling investment in the sector, and some global energy companies have shed assets in the oil sands region of Alberta, the country’s main oil-producing province.
Canada’s economy, however, has been on a general upswing in 2019. The Canadian dollar has been the best-performing G10 currency this year, rising more than 4 percent against its US counterpart, as the economy added jobs at a robust pace and inflation stayed closed to the Bank of Canada’s 2 percent target.
source:Reuters
Tags
You May Also Like
Popular Posts
Caricature
BENEFIT AGM approves 10%...
- March 27, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).
Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.
opinion
Report
ads
Newsletter
Subscribe to our mailing list to get the new updates!