Liberal Mark Carney wins election in Canada on an agenda designed to contain fallout from President Trump's trade war.
Our old relationship with the United States,
a relationship based on steadily increasing integration, is over.
Plus, relief in Detroit as we report President Trump plans to soften his auto tariffs.
And a new study sheds light on the risks and rewards of AI
as it becomes firmly embedded in our lives.
It's Tuesday, April 29th.
I'm Luke Vargas for The Wall Street Journal, and here is the AM edition of What's News,
the top headlines and business stories moving your world today.
Canada's Mark Carney has capped a dramatic electoral turnaround,
holding on as the country's prime minister after voters returned his Liberal Party to power for a fourth consecutive term.
Carney's party had been headed for defeat earlier this year,
before the former central bank chief positioned himself as the best candidate to stand up to President Trump and reshape an economy dependent on U.S. demand.
However, journal reporter Vipal Manga in Ottawa said the road ahead won't be easy.
Canada's economy has been struggling with many of the same trends that the U.S. had been.
Rising inflation.
cost of living, housing shortages.
The problem for Canada under the Trudeau government was also falling productivity and trying to find an engine for growth.
for an economy whose manufacturing sector wasn't growing very much,
had become very much reliant on a resources sector and housing market to propel growth.