Afternoon front page: Canada and EU launch ‘Alliance for the Future’; Father of family shot on Toronto’s Bridle Path confirms horrific details; A painfully inconclusive election result for Israel; and more
It’s Friday, October 30. Here are the top stories we’re following today.
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Canada and EU launch ‘Alliance for the Future,’ seeking closer ties
Canada might not become the first “associate member” of the European Union, but in the meantime both parties have agreed to launch the “Canada EU Alliance for the Future” that seeks to build closer ties. This initiative unveiled on Friday, the second day of the Canada-EU meeting in Montreal, includes a broad range of sectors where they will seek a deeper and more integrated cooperation.
Father of Toronto family shot in Bridle Path home confirms details of traumatic attack, asks for privacy
Toronto CEO David Morton has released a statement about the traumatic attack on him, his wife and daughters in their Bridal Path home on Thursday morning, confirming the horrific details and condemning growing violence in the city. “What should have been the safety and security of our own home became a terrifying and life-threatening experience,” he wrote.
Jesse Kline: Election could not have turned out worse for Israel
During a critical time for Israel, the lack of a clear winner in Tuesday’s Israeli election is thus one of the worst possible outcomes. Hamas has vowed to launch another October 7-style attack. The U.S. is said to be considering renewed strikes on Iran. Hezbollah is reportedly preparing for another round of conflict. The IDF is stretched to its limits. Meanwhile violence perpetrated by both Palestinian and Israeli extremists is roiling the West Bank.
FIRST READING: Canada where Trump’s ‘hardball’ strategy failed hardest, says analysis
The basic premise of U.S. President Donald Trump’s trade war on Canada was simple: the massive U.S. economy could dictate terms to a smaller and more dependent neighbour. However, the Canadian economy proved more resilient in the face of U.S. tariffs than almost anyone expected, according to one analysis. The Canadian electorate went all-in on a strategy of retaliation. And now, with tariffs threatening several key Senate races in U.S. border states, it’s the Trump White House that is backing down on some of its Canadian trade barriers.
Randall Denley: Ontario can’t afford to keep helping pay for everyone’s hydro bill
There are two things you can count on when Premier Doug Ford’s government updates Ontarians on the state of the province’s finances. First, the deficit will be higher than what was projected just months before, and second, the date when the budget will be balanced will be pushed back, again. Finance Minister Peter Bethlenfalvy delivered exactly as expected in his fall fiscal update Thursday. He says the deficit will be up this year and next, and the elusive budget balance will be delayed.
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