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  • May 17, 2022 Ontario Leader’s Debate – Who won?
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Economics

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Economics

Canada Inflation to hit 6%

By Issac Shiff
April 26, 2022
in :  Economics, National, Politics
0
68

Bank of Canada Governor reaffirmed that there is a 6% inflation in this quarter and that he is taking precautionary actions to slow it down. He also said that the inflation hits everyone specially those who has low income. Every house hold however is paying more that they had been paying before the pandemic hit. The hike in the interest …

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Chrystia-Freeland
Economics

CEWS and CERS Ends Oct. 23.

By Issac Shiff
October 22, 2021
in :  Economics, National
0
488

After spending C$ 95,000,000,000 Canada Wage Subsidy (CEWS) and Canada Rent Subsidy (CERS) comes to end. Deputy Prime Minister and Finance Minister Chrystia Freeland says. Government will still help some businesses and workers hit by COVID-19 and this program would cost C$7,000,000,000. “Today, our support needs to be more narrow, more targeted and less expensive and we need to look …

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Chrystia-Freeland
Economics

CHRYSTIA FREELAND TABLES HER FIRST CANADIAN BUDGET

By News Desk
April 20, 2021
in :  Economics, National
0
769

Budget 2021: 20 ways it could affect your wallet 1. Extension of Canada Recovery Benefit and Canada Recovery Caregiving Benefit Earlier this year, the government announced that both the Canada Recovery Benefit (CRB) and Canada Recovery Caregiving Benefit (CRCB) would be extended by 12 weeks to a maximum of 38 weeks. Budget 2021 proposes adding up to 12 more to …

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Economics

Biden ‘to cancel Keystone pipeline on his first day’

By News Desk
January 21, 2021
in :  Economics, World
0
526

Newest US President Joe Biden, through a Presidential order, revoked a critical presidential permit for the 300 miles long, Keystone XL oil pipeline, a big blow to Western Canadian economy. Earlier Democrats did stop construction of the pipeline, which would have carried crude oil from Alberta, Canada to the Gulf Coast of the US, in 2015. Environmentalists strongly objected to …

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Economics

Canada’s COVID-19 Economic Response Plan

By News Desk
October 31, 2020
in :  Economics, National
0
602

The Government of Canada is taking immediate, significant, and decisive action to support Canadians and businesses facing hardship because of the COVID-19 outbreak. The CRB provides $500 per week for up to 26 weeks for workers who have stopped working or had their income reduced by at least 50% due to COVID-19, and who are not eligible for Employment Insurance (EI). …

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Economics

Apple’s coronavirus warning just shaved $34 billion off its stock market value

By News Desk
February 19, 2020
in :  Economics
0
551

A string of US companies has been cautioning investors that first quarter sales could take a hit from the spread of coronavirus. Apple (AAPL) just made it all more real. The $1.4 trillion company put out a surprise investor update on Monday, warning that it no longer expects to meet the revenue guidance provided last month. Notably, the company isn’t …

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Economics

Canadian tribunal opens inquiry on dumping of oil well ‘sucker rods’ from Mexico, Brazil, Argentina

By News Desk
January 2, 2020
in :  Economics
0
609

Canada’s International Trade Tribunal said on Tuesday it had opened an inquiry into whether Argentina, Brazil or Mexico were dumping sucker rods – used in the oil industry – in such a way as to hurt domestic production, according to a statement. The independent tribunal reports to parliament through the finance ministry and will deliver its ruling on April 28, …

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Economics

Canadian drug distributors say no to Trump import plan

By News Desk
December 22, 2019
in :  Economics
0
371

Many of Canada’s drug suppliers cannot, or will not, agree to ship cheaper prescription medicines into the United States, a new challenge to the Trump administration’s push to reduce drug prices, companies and industry officials said to reporter. The administration on Wednesday proposed new regulations that would allow states to import prescription drugs from Canada. They would require a state …

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Economics

Bank of Canada holds its key interest rate at 1.75 per cent

By News Desk
December 13, 2019
in :  Economics
0
304

Here’s the Bank of Canada’s official statement for its interest rate decision on Wednesday, December 4, 2019: The Bank of Canada today maintained its target for the overnight rate at 1.75 per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1.5 per cent. The Bank’s October projection for global economic growth appears to be intact. There …

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Economics

Banks deny compensation when hackers steal customers’ money

By News Desk
October 21, 2019
in :  Economics
0
293

Sunjit Lidhar was awoken by a phone call from Scotiabank last February, informing him that $3,000 had been transferred out of his savings account and was gone. “My heart pretty much dropped to my stomach,” Lidhar told Go Public from his home in Surrey, B.C. “We just assume our money’s safe.” Soon after, the cybercriminals stole another $2,000. But worst …

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