Category Archives: Finance
Hardest hit businesses call for extension of federal wage, rent subsidies
OTTAWA — The federal Liberals are facing calls from some of the hardest-hit businesses in the pandemic to use the coming budget to extend emergency relief programs beyond June, saying many will still need help even as the economy picks
Nova Scotia capital budget over $1 billion for second consecutive year
HALIFAX — For the second consecutive year Nova Scotia’s Liberal government has released a capital budget with over $1-billion in spending — a level the finance minister says will be sustained for years to come. The $1.17 billion designated for highway...
Infrastructure bank can bridge risk gap even in low-cost financing climate, CEO says
OTTAWA — The chief executive of a federal infrastructure agency says there is a short runway to prove its worth, and thinks it can stand out by taking on outsized risks to attract private dollars for billions in new construction
P.E.I. pandemic recovery budget projects $112-million deficit as spending rises
CHARLOTTETOWN — Prince Edward Island's Tory government is projecting a $112-million deficit in a budget it is billing as a step on the "road to recovery" from the COVID-19 pandemic. Finance Minister Darlene Compton provided the estimate today as she d...
Yukon budget projects ‘record-breaking’ capital spending, GDP growth
WHITEHORSE — Yukon's government says it's planning record capital spending in the 2021-22 fiscal year as it forecasts strong economic growth. In its budget tabled Thursday, the territorial government says it plans to spend $434.3 million on capital pro...
O’Toole rejigs Tory front benches as he continues to put party on election footing
OTTAWA — Conservative Leader Erin O'Toole scripted more of his party's electoral strategy Wednesday, creating new critic portfolios to signal where his focus will be when Canadians go to the polls: a plan for economic recovery. His move to shuffle his
Small businesses feeling the pinch of credit card fees as e-commerce ramps up
OTTAWA — Industry groups say small businesses are being hammered by high credit card fees on online purchases as the shift toward e-commerce continues. Visa and MasterCard reduced the fees they collect from businesses to an average annual rate of 1.4
Small businesses feeling the pinch of credit-card fees as e-commerce ramps up
OTTAWA — Industry groups say small businesses are being hammered by high credit-card fees on online purchases as the shift toward e-commerce continues. Visa and MasterCard reduced the fees they collect from businesses to an average annual rate of 1.4 p...
Nova Scotia pandemic budget projects $778.8-million deficit for 2020-21 fiscal year
HALIFAX — Pandemic-related costs continue to hammer Nova Scotia's finances with the province now forecasting a $778.8-million deficit for the 2020-21 fiscal year. The updated figure is $74 million less than the deficit projected in July, but it is also...
Bank of Canada doesn’t see housing bubble but it’s watching out, deputy governor says
TORONTO — A deputy governor of the Bank of Canada says the central bank is monitoring rising housing prices, as it keeps interest rates low to help borrowers cope with the COVID-19 pandemic. “Making sure we're not creating a bubble is