Category Archives: Economy
Minority Liberal government survives second of three confidence votes on budget
OTTAWA — Justin Trudeau's minority Liberal government has survived the second of three confidence votes on the massive federal budget.A Conservative amendment was defeated by a vote of 213-120, with Liberals, Bloc Quebecois, New Democrat and Green MPs ...
Bank of England reveals lobbying efforts of ex-PM Cameron
LONDON — The Bank of England published on Thursday a series of communications showing Britain's former prime minister, David Cameron making repeated efforts for a now-bankrupt financial firm to access a state-backed coronavirus financial support scheme...
More supply needed to ease housing price crunch, but always more to do, Freeland says
OTTAWA — Finance Minister Chrystia Freeland says the country needs a boost in the supply of housing to help make prices more affordable, but suggests there may be other steps governments can take. Speaking at a virtual event on Thursday, Freeland
Bill on single-game sports passes third reading — but not for first time
OTTAWA — Lawmakers passed a bill to legalize single-event sports betting Thursday, sending the legislation to the Senate and bringing the country a step closer to looser gaming laws. The bill aims to amend Criminal Code provisions around gambling on si...
Freeland’s optimism about OECD tax deal on digital services ‘has increased a lot’
TORONTO — Finance Minister Chrystia Freeland says the government's new digital services tax on large corporations is a step forward as Ottawa works toward a multilateral agreement it hopes to reach with other countries. Freeland said during a post-budg...
Digital services tax a step forward as OECD works on multilateral deal, Freeland says
TORONTO — The federal budget's new digital services tax on large corporations is a step forward as the government works toward a multilateral agreement it hopes to reach with other countries, Finance Minister Chrystia Freeland said Wednesday. "The idea...
Freeland urges patience as business looks for answers on reopening border, economy
OTTAWA — Deputy Prime Minister Chrystia Freeland is urging Canadian companies to have patience as the federal government faces growing questions about its plan for reopening the economy and border. The Canadian Chamber of Commerce hosted Freeland at a ...
New rules would allow N.L. to cut bonuses at provincial energy corporation Nalcor
ST. JOHN'S, N.L. — Newfoundland and Labrador is proposing new rules that would end the big bonuses regularly paid to executives at provincial corporation Nalcor Energy. Energy Minister Andrew Parsons tabled changes to existing legislation on Wednesday ...
France to impose entry restrictions on travellers from India
PARIS — France will impose new entry restrictions on travellers from India to fight a contagious coronavirus variant spreading in that country, an official said Wednesday. The restrictions come in addition to those previously announced regarding four o...
Bank of Canada keeps rate on hold, sees brighter economic outlook
OTTAWA — The bank of Canada provided a rosy revision to its economic outlook Wednesday but kept its key rate at 0.25 per cent in a sign that it won't count its chickens before they hatch. The improving conditions are why
