Liberals not cutting corporate tax, instead reveal $16B plan to boost competitiveness with U.S.
The federal Liberals have come up with a $16-billion answer to Canada’s competitiveness concerns. Continue reading
federal spending
Child care costs in Canada rising faster than inflation: report
The Liberals have vowed to make child care affordable for those who need it and can’t afford it. Continue reading
Ottawa expected to hit $28.5B deficit target for this year: report
Three months into the fiscal year, the public books are on track to meet the Trudeau government’s deficit projection of $28.5 billion. Continue reading
Feds start fiscal year with modest surplus, but big spending on the horizon
While the federal government started the fiscal year with a small budgetary surplus, the black ink is expected to turn very red in the coming months. Continue reading
Despite $7.5B surplus, Liberals insist they’re left with a deficit
The federal government ran a budgetary surplus of $7.5 billion over the first 11 months of its fiscal year – putting Ottawa’s books well ahead of its 2015-16 deficit prediction with one month to go. Continue reading
Ottawa’s contract policies encourage industry gouging: leaked report
A study of federal government contract pricing has warned that the current system provides “perverse incentives” for industry doing business with Ottawa to hike their costs. Continue reading
Obama signs 2-year budget, debt deal before default deadline
President Barack Obama on Monday signed into law a bipartisan budget bill that avoids a catastrophic U.S. default and puts off the next round of fighting over federal spending and debt until after next year’s presidential and congressional elections. Continue reading
Ottawa posts $2.4B surplus for December
Ottawa posted a surplus of nearly $2.43 billion in December compared with a surplus of $1.20 billion in December 2013. Continue reading
Ottawa sits on more than $10 billion in 2012-13, statements show
Ottawa held on to more than $10 billion it was expected to spend in 2012-13, with almost half coming from two departments, according to recently-published financial documents. Continue reading