5 things you need to know this morning: Nov. 27, 2024

Start your day off right with five things you need to know this morning.

Five things you need to know

1. Trump not planning to exempt Canadian oil and gas from tariffs: report

Despite much hopeful speculation suggesting the contrary, US President-elect Donald Trump is not intending to exempt Canadian oil and gas from his threat to slap a 25 per cent tariff on imports from Canada. That's according to Reuters, which said it had spoken with sources close to Trump.

Exclusive: President-elect Donald Trump's plan to impose 25% tariffs on Canadian and Mexican imports in his first day in office does not exempt crude oil from the trade penalties, two sources familiar with the plan told Reuters https://t.co/SDifA0HhNp

— Reuters (@Reuters) November 26, 2024

2. Singh demands more people benefit from Trudeau's plan to dole out $250 cheques

Ottawa kingpin Jagmeet Singh, whose NDP props up the Liberal government in Ottawa, has said he won't back the prime minister's plan to dole out $250 to everyone who earned under $150,000 last year unless more people benefit from the scheme. Singh wants seniors, students, people on disability benefits and those who couldn't work to receive cheques.

NDP Leader Jagmeet Singh says he won’t back the Liberals' $250 rebate proposal unless the government expands eligibility to the most vulnerable.

READ MORE: https://t.co/sxtoj1ESyhhttps://t.co/sxtoj1ESyh

— Globalnews.ca (@globalnews) November 27, 2024

3. Alberta could ban federal workers from oil and gas sites over Ottawa's emissions cap: Smith

Alberta Premier Danielle Smith has said she's looking at a number of ways to prevent the federal government's proposed carbon emissions cap. She said that, beyond the obvious court challenge, the province would also look at banning federal workers from certain production facilities and ensuring Alberta has exclusive ownership of its emissions data.

Alberta’s Sovereignty Act is being used to protect Alberta’s economy and workers from the federal government’s oil and gas production cap.

Here’s how it will work:

☑️ Prohibit provincial enforcement or implementation of the federal emissions cap.

☑️ Protect Alberta’s oil and… pic.twitter.com/v0s7f7dibC

— Danielle Smith (@ABDanielleSmith) November 27, 2024

4. Consumer debt in Canada hits record-breaking $2.5 trillion

Consumer debt in Canada hit a record high in the third quarter of 2024, reaching $2.5 trillion. That's according to new reports from Equifax and TransUnion, which said that, as the cost of living increases, many Canadians simply haven't been able to keep up.

Canada's consumer debt reaches record-breaking $2.5 trillion, credit bureaus say https://t.co/o1Af4EDb1G

— CTV News (@CTVNews) November 26, 2024

5. CBC asks: What does Walmart's DEI rollback mean for Canada?

Following the announcement on Monday that US retail giant Walmart will be abandoning many of the so-called "diversity, equity and inclusion" (DEI) schemes launched in the aftermath of the George Floyd race riots in 2020, CBC has investigated what it means for Canadian employees. The co-founder of a group that focuses on black workers told the national broadcaster she hopes Walmart sees DEI policies "as a business advantage" in Canada.

Walmart, the world's largest retailer, is rolling back its diversity, equity and inclusion policies, joining a growing list of major corporations that have done the same after coming under attack by conservative... https://t.co/I9aCvOoqe8

— CBCbrief - CBC News headlines (@CBCbrief) November 27, 2024

Thumbnail photo credit: Jagmeet Singh/X