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The Carney government’s spring spending update pledges $2.1 billion for key Indigenous programs. That money comes after several essential services were omitted from last fall’s federal budget, prompting Indigenous organizations to voice major concerns about potential spending cuts. News Source link
Read More »Carney unveils billions in funding, Buy Canada policy to combat Trump’s tariffs
Prime Minister Mark Carney rolled out a series of measures on Friday that he says will transform Canada’s economy into a force that can withstand the trade shocks of the Trump administration. The measures announced in the strategy have been targeted to specifically help workers and businesses that have been …
Read More »Carney’s plan to cut tens of billions in spending is tough but doable, experts say
The federal government has started its comprehensive review of government spending, but what will it mean for Canada’s public service, what balance will it have to strike and can the Liberals really cut so much? These are the questions facing Prime Minister Mark Carney as he embarks on one of the …
Read More »Potholes are costing Canadians billions. But there are some solutions
Cost of Living9:37Why potholes are money pits Dylan Langille is very familiar with the swerves it takes to dodge the potholes of Halifax. “I could probably close my eyes on my commute back to my house, and I could avoid the pothole because they’ve been there for so long,” Langille …
Read More »Saudis agree to billions in U.S. investment as Trump begins Gulf states trip
U.S. President Donald Trump secured economic commitments from Saudi Arabia on Tuesday as the oil power rolled out the red carpet for him at the start of a tour of Gulf states aimed at drumming up investments. The two countries signed a nearly $142-billion US defence agreement, part of a …
Read More »Here’s why Elon Musk has lost billions (and is still the richest person in the world)
While Elon Musk is certainly not in any danger of struggling to make ends meet, his wealth has taken a major hit over the past few months. Just recently, for example, Musk lost $29 billion US in a single day after shares of Tesla, his electric vehicle manufacturer, tumbled by 15 per cent …
Read More »Capital gains changes will bring in billions — but less than Ottawa expects: PBO – National
Contentious changes to how capital gains are taxed in Canada will bring in billions less in revenue for the government than Ottawa was expecting when it tabled the 2024 federal budget, according to the Parliamentary Budget Officer. The PBO on Thursday tabled a probe of Liberal measures to hike the …
Read More »COVID test supplier received billions in pandemic contracts after submitting edited results
A rapid test importer landed an estimated $2 billion in federal contracts in 2021 and 2022, despite giving regulators incomplete data about its product’s accuracy, Global News has found. A year-long investigation into federal procurement revealed that BTNX, a small rapid test supplier based outside Toronto, deleted dozens of specimens, …
Read More »Climate change could cost Ontario billions as planet heats up: watchdog
Ontario’s financial watchdog is repeating warnings that the province’s roads, hospitals and other infrastructure are vulnerable to the high costs of climate change if significant changes are not made. The Financial Accountability Office of Ontario (FAO) released a report Wednesday outlining how the province could need to spend billions of …
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