Category Archives: Finance
Government coffers fuller than expected due to higher inflation, growth: Desjardins
OTTAWA — A new analysis of government finances across the country says revenues were much stronger than expected in the last year due to higher inflation and economic growth. The analysis by Desjardins found spending was more mixed, but pandemic-relate...
Advocates want a feminist spending review as feds insist no social-program cuts
OTTAWA — The Liberal government is insisting that the goal of an upcoming federal spending review is not to slash social programs, while gender-equality advocates want to make sure it is done with women and marginalized people in mind. The federal
CEO says Flair has resolved foreign ownership issue — mostly — amid regulatory probe
Amid a regulatory probe of Flair Airlines, CEO Stephen Jones says the budget carrier has rejigged its governance structure to align with Canadian ownership rules — but that its "significant" debt to an American investor remains a concern. Jones's virtu...
Federal finance minister highlights medical student loan forgiveness in Halifax
HALIFAX — Canada’s finance minister highlighted increased support for a government program easing the student debt burden of medical professionals during a post-budget stop in Halifax Tuesday. Chrystia Freeland said the $26.2-million commitment over fo...
Meet NATO defence spending target in budget, says Business Council of Canada
OTTAWA — One of Canada's most influential business lobby groups is making an unprecedented request for increased defence spending in Thursday's federal budget because of Russia's invasion of Ukraine. The Business Council of Canada says it is time for C...
Nova Scotia releases largest-ever capital budget at over $1.5 billion
HALIFAX — Spending for hospitals, schools and roads in Nova Scotia is poised to hit its highest level at $1.5 billion for the 2022-23 fiscal year. The capital budget released Wednesday by Finance Minister Allan MacMaster has the province's building pla...
GiveSendGo tells court it is refunding convoy donations amid freezing order
OTTAWA — Lawyers for a proposed class-action lawsuit against the convoy protest in Ottawa argued in court Wednesday that GiveSendGo may be in breach of a freezing order on funds raised for the convoy on the website. Monique Jilesen, a lawyer
A look at Canada’s sanctions and other actions against Russia
Canada has toughened sanctions against Russia following Moscow's attack on neighbouring Ukraine. There are now more than 1,000 people and entities sanctioned, or in the process of being sanctioned, by Canada since Russia's 2014 annexation of Ukraine's ...
P.E.I. tables budget with $2.7 billion in spending for health, seniors, child care
CHARLOTTETOWN — Prince Edward Island's Progressive Conservative government tabled a budget Thursday with $2.7 billion in spending and a forecast deficit of about $92 million for the 2022-23 fiscal year. Premier Dennis King says the spending is aimed at...
Quebec to table budget on March 22 that will address inflation woes, rising costs
Quebec Finance Minister Eric Girard says he will table a provincial budget on March 22. Girard announced the date today at the legislature, saying it will be a responsible budget focused on sound management of such government priorities as health, educ...