Category Archives: Economy
Explainer: Capital gains tax hike targets wealthy investors
NEW YORK — After massive U.S. government spending helped send the stock market back to record heights, with even more potentially on the way, the bill may be coming due for the nation's wealthiest investors. President Joe Biden on Wednesday proposed
Explainer: Capital gains tax hike targets wealthy investors
NEW YORK — After massive U.S. government spending helped send the stock market back to record heights, with even more potentially on the way, the bill may be coming due for the nation's wealthiest investors. President Joe Biden on Wednesday proposed
B.C. legwork positions it to capitalize on Ottawa’s support on child care: Advocates
VANCOUVER — British Columbia is well positioned for the widespread expansion of its goal of achieving child care for $10 a day thanks to federal commitments announced last week, a longtime advocate for the program says. Sharon Gregson, B.C.'s spokeswo...
Ontario to give all workers three paid sick days, reimburse businesses
TORONTO — Workers in Ontario will soon be able access three paid sick days to help them self-isolate during the pandemic, but critics said the policy announced Wednesday falls far short of what's required to curb the spread of COVID-19. Premier
Biden signs $15 minimum wage for federal contract workers
WASHINGTON — President Joe Biden signed an executive order Tuesday to increase the minimum wage to $15 an hour for federal contractors, providing a pay bump to hundreds of thousands of workers. Biden administration officials said that the higher wages ...
B.C.’s $500-million investment fund to help small, medium-sized businesses
VICTORIA — British Columbia has introduced legislation to convert an investment initiative into a Crown corporation with the authority to make independent decisions aimed at spurring economic recovery after the pandemic. The $500-million InBC investme...
Native American lawmakers seek federal help on Montana bison
BILLINGS, Mont. — Native American lawmakers in Montana on Tuesday called on the Biden administration to help craft a plan to reintroduce wild bison to the landscape in and around Glacier National Park and the Charles M. Russell National Wildlife
Feds table back-to-work bill for Montreal port, call fight ‘life and death’ matter
OTTAWA — Federal Labour Minister Filomena Tassi described a strike at the Port of Montreal as a “matter of life and death" as the Liberal government tabled Tuesday controversial back-to-work legislation aimed at getting 1,150 dockworkers back on the jo...
Excess profits tax would reap $8 billion for government, budget watchdog says
OTTAWA — The parliamentary budget officer says a hypothetical tax on big corporations' excess profits would generate $7.9 billion for the federal government. The estimate Tuesday by budget officer Yves Giroux, in response to a request from the NDP, was...
No election yet as Liberal minority government survives third budget confidence vote
OTTAWA — With the help of the NDP, Justin Trudeau's minority Liberal government has survived the last of three confidence votes on its massive budget. The House of Commons approved Monday the government's general budgetary policy by a vote of 178-157. ...
