2024 budget hurts inflation fight, foreign investment, young people: Dodge
BNN Bloomberg » Politics
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4d ago
Former Bank of Canada Governor David Dodge has few nice things to say about the federal government’s latest budget and instead argues it will hurt large swaths of Canadians and the country’s economy ..read more
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Firms say Canada tax move risks deeper productivity slump
BNN Bloomberg » Politics
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4d ago
Canada’s decision to increase capital gains taxes was criticized by businesses who warned the move would only exacerbate the country’s investment and productivity woes ..read more
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Ontario delays balancing budget by another year as deficit grows
BNN Bloomberg » Politics
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2w ago
Ontario’s budget shortfall is projected to more than triple in the coming fiscal year, as the government of the most populous Canadian province delays its goal of balancing its budget by another year ..read more
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Trudeau creates fund for nonprofits to buy apartment buildings
BNN Bloomberg » Politics
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2w ago
Prime Minister Justin Trudeau’s government is creating a $1.5 billion (US$1.1 billion) program to help Canadian nonprofit organizations buy affordable apartment buildings and keep the rents down ..read more
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Economists defend Liberals' carbon price as political rhetoric heats up
BNN Bloomberg » Politics
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2w ago
Dozens of Canadian economists are issuing an ardent defence of Canada's price on carbon, as the government faces increased pressure from Opposition Conservatives and provincial premiers to pause a planned increase to the levy ..read more
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Trudeau unveils $2.4 billion package for Canada's AI sector
BNN Bloomberg » Politics
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2w ago
Canada is launching a fund to boost its artificial intelligence sector and creating a new AI safety institute as Prime Minister Justin Trudeau continues to roll out spending announcements in advance of a new budget ..read more
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CIBC sees Government of Canada bond issuance rising 22%
BNN Bloomberg » Politics
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3w ago
Justin Trudeau’s government will end up tapping the bond market for around $250 billion in debt next year, one of the country’s biggest lenders says ..read more
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Canada to toughen foreign investment rules for AI, space technology
BNN Bloomberg » Politics
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3w ago
Canada will tighten its scrutiny of foreign investments in artificial intelligence, quantum computing and space technology as the government expands its power to stall and block deals for national security reasons ..read more
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Trudeau's budget eyes young voters with affordable housing push
BNN Bloomberg » Politics
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3w ago
Housing will be the focus of Canada’s upcoming budget, with Finance Minister Chrystia Freeland emphasizing measures to speed up construction and boost the supply of affordable homes — possibly using government land to do it ..read more
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Trudeau promises low-cost loans to expand child care spaces
BNN Bloomberg » Politics
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3w ago
Prime Minister Justin Trudeau said his government will set aside $1 billion to provide low-cost loans for expanding and renovating child care spaces ..read more
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