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A debate over how Ottawa chooses to divide its spending among age cohorts is ramping up as the Bloc Québécois pushes the Liberal minority government to boost Old Age Security (OAS) payments. Bloc Leader Yves-François Blanchet put forward a motion Tuesday demanding that the government move forward with legislation that would …
Read More »Tax hike or service cuts? Edmonton faces another year of budget pressure – Edmonton
Without service cuts, Edmontonians could face a 13 per cent tax hike next year. Councillors were given a preview of next year’s financial outlook at Wednesday’s executive committee meeting. A preliminary estimate projects a tax levy increase of 13 per cent in 2025 without making any adjustments. With some adjustments …
Read More »Bank of Canada set to announce June rate decision. Will it hike or hold? – National
By Staff The Canadian Press Posted June 7, 2023 6:29 am Descrease article font size Increase article font size The Bank of Canada is set to announce its interest rate decision Wednesday as speculation about another rate hike heats up. Recent economic data suggests the Canadian economy is running hotter …
Read More »Camper injured during evening hike near Okanagan Lake
Central Okanagan Search and Rescue rescued an injured camper Sunday morning from Buchan Bay along the east shore of Okanagan Lake. According to COSAR, two female campers were hiking through Okanagan Mountain Park to Buchan Bay when one of them injured herself Saturday evening. 2:19 Central Okanagan Search and Rescue …
Read More »Surrey city council to discuss proposed tax hike Monday – BC
Descrease article font size Increase article font size Surrey city council will be back in session Monday and will again tackle a proposed double-digit tax hike. The suggested increase has been lowered to 12.5 per cent as the city has received provincial funding. Read more: Surrey to use provincial infrastructure …
Read More »City of Vancouver approves property tax hike of 10.7 per cent – BC
Descrease article font size Increase article font size In a surprise move Tuesday night at Vancouver City Hall, Council approved the biggest tax increase in more than a decade. The City has approved the 2023 Operating Budget and homeowners are on the hook for a 10.7 per cent increase in …
Read More »Bank of Canada set to release summary explaining latest interest rate hike – National
The Bank of Canada will release a summary of its deliberations on the latest interest rate hike later Wednesday, the first time the central bank is giving Canadians a peek behind the curtain into its decision-making process. The bank last year announced it would start publishing these summaries about two …
Read More »Utility board defies Nova Scotia government, allows 14 per cent power rate hike – Halifax
Nova Scotia’s utility regulator has defied the provincial government and approved an average 14 per cent increase in electricity rates over two years. Premier Tim Houston said last November that his government opposed the increase of 6.9 per cent in both 2023 and 2024, which had been agreed to by …
Read More »After UN chief calls out ‘scandalous’ profits, Ottawa offers no plan to hike taxes on oil and gas industry
Canada’s Ministry of Finance says it’s aiming to make everyone pay “their fair share of tax” but is not committing to an elevated tax on energy companies who are reporting sizeable windfalls while consumers feel pinched at the gas pumps. The ministry’s statement comes on the heels of United Nations Secretary General Antonio Guterres …
Read More »No new equipment or land for a few years, say farmers hit by interest rate hike
Farmers are used to keeping an eye on the weather and their fields, but now they’re also watching the Bank of Canada after it raised its benchmark interest rate by a full percentage point in an attempt to fight runaway inflation. “It’s made for a challenging year, especially with paying off …
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