Highlights / deficit

Politics

British Columbia projects a $12.8 billion deficit for 2020-21 fiscal year

British Columbia has updated its provincial deficit forecast to $12.8 billion for the 2020-21 fiscal year due to the economic challenges presented by the COVID-19 pandemic, according to the first-quarterly report for the year.  The province’s report said that revenue »

Economy, Health, Politics, Society

Government provides COVID-delayed fiscal update: $343 billion deficit

Normally the federal finance minister would provide the budget in the spring and an update sometime in the fall. The COVID crisis changed that as a massive shutdown of the economy to prevent the spread of the virus resulted in »

Economy, Politics

COVID and the Canadian economy, ‘deep hole’ says central bank governor

The newly installed Bank of Canada Governor, Tiff Macklem, in his first public statement has indicated recovery is still a long way off for the country. On Tuesday he said the central bank for the moment is focussed on “monetary »

Economy, Politics

Tax Freedom Day: This year in Canada it’s today, May 19

It’s called tax freedom day because if you had given the government every single penny you earned from the start of the year, today you would have paid off your taxes to municipal, provincial and federal levels of government. The »

Economy, Politics, Society

COVID-19 related taxes, credit rating, and recovery time

No tax increase…for the moment With the emergency health orders restricting movements, closing businesses, and causing massive disruption to social and economic life, the government has been spending vast sums to soften the blow. However that massive spending by the »

Economy, Highlights, Politics

Canadian taxpayers to face biggest deficit in history

The Parliamentary Budget Office (PBO) has released a shocking report for Canadians. The Liberal government deficit spending will have reached just short of $25 billion in the fiscal year 2019 which ends March 31, almost all of it prior to »

Federal election 2019, Politics

Party leaders debate climate, deficits, secularism and relations with China

The leaders of Canada’s six major political parties faced off in the final debate of the 2019 federal election Thursday evening as they jostled to improve their position entering the final lap of the campaign. Thursday’s debate was the second »

Health

‘Many obstacles’ prevent teens’ getting enough sleep, says doctor

Doctors say teenagers should get between eight and 10 hours of sleep each night but several studies suggest they are getting less than that, and that can affect their psychological state, learning and attention. Teens need sleep as do babies, »

Uncategorized

Government changes pension calculations

The federal government is making an accounting adjustment that will affect the pensions of millions federal civil servants, members of the Canadian Forces, and of the Royal Canadian Mounted Police. This represents at least 20% of the entire work force »

Economy, Society

Economy tanks in important province

Once an economic driver for Canada, the western province of Alberta now faces the longest recession on record. Low energy prices have devastated the petroleum industry which once made Alberta’s economy one of the strongest in the world. Fort Mac fire »