Tag Archives: economy

Ontario’s finance minister says the province’s $9.8 billion deficit is higher than he “would like” but is still promising to balance the books while keeping up with record infrastructure spending amid a projected economic slowdown. In a post-budget speech and fireside chat with the Toronto Region Board of Trade, Peter …

By Staff The Canadian Press Posted April 4, 2024 11:55 am 1 min read Descrease article font size Increase article font size Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in the base metal sector, while U.S. stock markets also climbed higher. …

A rowdy, gallery and heated debate Tuesday was not enough to convince city council in Peterborough, Ont., to halt plans to add 16 lighted pickleball courts at Bonnerworth Park. Council last October approved the $4.4. million redevelopment plan, which includes adding 16 lighted pickleball courts, expanding the existing 20-year-old skateboard …

By Staff The Canadian Press Posted April 3, 2024 12:06 pm 1 min read Descrease article font size Increase article font size Strength in energy and base metal stocks helped lift Canada’s main stock index higher as the price of oil rose in late-morning trading, while U.S. stock markets also …

The province is committing $200,000 to expand spay and neuter clinics through the Winnipeg Humane Society and Feed the Furbabies Canada. In a press release dated March 28, the province announced the Northern and Remote Veterinary Care Initiative. It includes a new position, the provincial veterinarian for animal welfare, who …

Canada looks set to dodge a recession despite the ongoing downward pressure from higher interest rates, Deloitte Canada said in its economic outlook report. A number of worrisome trends are still weighing on the economy, Deloitte said, including sticky inflation, rising business insolvencies and increasing mortgage delinquencies. “Against this backdrop, we remain cautious about …

The construction of purpose-built rentals and condominiums hit “record levels” in 2023, data from the Canada Mortgage and Housing Corporation released on Wednesday shows. According to the CMHC’s Spring 2024 Housing Supply Report, purpose-built rental construction in six major markets combined to hit record levels in 2023. Rentals also accounted …

The Ford government is giving municipalities new powers to tax vacant homes amid a housing affordability crisis across the province. Currently, only Toronto, Ottawa and Hamilton have the provincial authority to impose a tax on homes that remain unoccupied. The provincial budget, tabled at Queen’s Park on Tuesday, will extend …

The Ford government is set to table its annual budget Tuesday afternoon, with the premier promising a “very balanced budget, per se,” one that’s focused on infrastructure and housing but is not expected to get Ontario out of the red. The government’s annual financial blueprint will be tabled inside the …

The Ford government is set to spend half a billion dollars to extend the provincial gas tax cut for another six months, according to the Ministry of Finance, putting the total cost of the affordability measure at $3.2 billion. The gas tax cut was first implemented in 2022 as a …