QP Briefing parses the federal budget's confusing array of funding plans spread out over varying time spans. ...
Category: Government Finance and the Economy
Trudeau government mum on Ring of Fire commitments in federal budget
Wynne campaigned for Trudeau last year - but the latter's first budget makes no promises that Ottawa will finally match the province’s long-standing $1-billion infrastructure commitment to the Ring of Fire. ...
Sousa says federal Liberals living up to expectations (somewhat vaguely) with 2016 budget
The Trudeau government is predicting it will run a $29.4-billion deficit in 2016-17 – and that the red ink will persist past 2020-21, when the shortfall is estimated to be $14.3 billion. ...
Heard: Minimum wage rising 15 cents on Oct. 1
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Changes tabled to let credit unions own insurance brokers, increase deposit protection
A proposed regulatory change would allow credit unions to own insurance brokerages and increase the deposit insurance coverage limit at the co-operatives to $250,000 from $100,000. ...
Happening: $4.2M grant given to Mississauga medical firm
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Unspent $120-million grant to OpenText may flow ‘soon,’ Duguid says
The grant was originally announced just before the 2014 election and was promoted as creating 1,200 jobs, but a year later OpenText said it was laying off part of its workforce. ...
Heard: Province puts $15 million into Waterloo tech firm
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Province proposing to remove 30% cap on pension investment in all companies
The government is proposing to let pension plans to own more than 30 per cent of voting shares in all corporations, not just “infrastructure" ones. ...
Ring of Fire documentary digs into inaction on mining region
A special preview of Fire Starter was shown this week during the Prospectors & Developers Association of Canada’s annual convention. ...