B.C. Government Spending Cuts to Address Deficit
British Columbia's government warns of significant spending reductions affecting families, seniors, and vulnerable populations as it addresses an $11.2 billion deficit.
Category : Economic Policy
Alberta's Federal Contribution Fuels Separatist Sentiment
Alberta contributed $285.1 billion more to federal coffers than it received from 2007-2024, fueling separatist sentiment as federal energy policies target the province's oil and gas industry.
Import Costs Drove Canada's Food Inflation: BOC Study
Bank of Canada research reveals that rising import costs, not domestic factors, were responsible for nearly all of last year's acceleration in food price inflation, with specific impacts on coffee and confectionery.
Import Costs Drove Canada's Food Inflation, BOC Says
Bank of Canada research reveals rising import costs, not domestic factors, were responsible for nearly all of last year's food inflation acceleration, with specific impacts on coffee and confectionery.
Alberta Separation Could Be Economic 'Disaster': Professor
An economics professor analyzes the severe financial challenges an independent Alberta would face, warning of significant trauma and funding crises in a hypothetical separation scenario.
Canada's Economy in Recession, Says Economist
David Rosenberg of Rosenberg Research declares Canada's economy is in a recession and on life support, citing labour market and real GDP concerns in a BNN Bloomberg interview.
Carney's GST Rebate Echoes Trudeau's Policy Strategy
The Carney government's 25% GST rebate increase faces criticism for lacking targeted support, potentially costing billions while failing to address Canada's deficit concerns.
GST Credit Expansion: Political Move, Not Policy Improvement
Kim Moody argues that rebranding GST credits as the Canada Groceries and Essentials Benefit is political theater that fails to address inflation's root causes while adding billions to deficits.
MPs Fast-Track GST Relief Bill
Federal MPs have agreed to expedite legislation that will implement GST relief measures, aiming to provide financial support to Canadians amid economic pressures.
GST Relief Plan to Cost $12.4B Over 5 Years: PBO
The Parliamentary Budget Officer estimates Ottawa's proposed GST relief measures will cost $12.4 billion over five years, with Prime Minister Mark Carney promoting the plan.
Canada's Budgetary Groundhog Day: Persistent Problems Unresolved
Analysis reveals Canada's federal budgets since 1985 repeatedly address the same issues like housing, healthcare, and Indigenous relations without meaningful resolution despite massive spending.
Harper's Competent Management vs Liberal Spending Era
A retrospective analysis comparing Stephen Harper's economic management with subsequent Liberal policies, examining debt, inflation, GDP growth, and bureaucratic efficiency in Canada.
Carney's GST Credit Tweak Excludes Millions from Relief
Prime Minister Mark Carney's targeted GST credit top-up fails to address Canada's affordability crisis for millions of hard-pressed families who don't qualify under restrictive income thresholds.
Harper's Economic Record Outshone Carney's Leadership
A retrospective analysis of Stephen Harper's first eight months as prime minister reveals decisive economic actions that contrasted with Mark Carney's tenure, focusing on rapid budget implementation and fiscal reforms.
Trump Nominates Brett Matsumoto to Lead Labor Statistics Bureau
President Trump nominates career economist Brett Matsumoto as BLS commissioner, following the controversial firing of the previous chief amid disputes over jobs data.
U.S. Tariffs Hurt Manufacturing, Canada's GDP Stalls: Economist
A leading economist highlights the damaging impact of U.S. tariffs on its own manufacturing sector, coinciding with stalled Canadian GDP growth in late 2025.
EU's $500B Crisis Fund May Be Used for Defence
The head of the European Stability Mechanism suggests the EU's massive crisis fund, valued at over $500 billion, could potentially be redirected to support defence initiatives.
Trump's $264B Tariff Revenue Creates Political Dilemma
Donald Trump's aggressive tariff policies have generated $264 billion in revenue, creating political leverage and industrial benefits that will be difficult to relinquish as midterm elections approach.
Federal Deficit at $26.4B for April-November: Fiscal Monitor
Canada's federal government recorded a deficit of $26.4 billion for the April to November period, according to the latest fiscal monitor. The data highlights ongoing fiscal pressures amid economic uncertainty.
GST Credit Becomes Welfare Program, Discourages Work: Mintz
Economist Jack Mintz argues Prime Minister Mark Carney's GST credit expansion to Canada Groceries and Essentials Benefit creates work disincentives, especially for secondary family earners, with $11.7B cost.
Canadian Wealthy Hoarding Cash, Hurting Economy
High-income Canadians are saving rather than spending their stock market gains, unlike Americans, potentially slowing Canada's economic growth compared to the U.S. boom.
Competition Bureau Urged to Stay Vigilant on Inflation
Acting Competition Commissioner Jeanne Pratt emphasizes the need for the Bureau to persist in its efforts to combat inflation and promote market fairness despite economic challenges.
IMF: Billions in Growth if Internal Trade Barriers Removed
A new IMF report highlights significant economic growth potential if Canada removes interprovincial trade barriers, as Prime Minister Carney notes Nova Scotia's progress.
Carney Pressured to End Automatic Alcohol Tax Increases
A 2017 policy by Justin Trudeau's Liberals automatically raises alcohol taxes annually without parliamentary votes, costing consumers $1.6 billion over nine years.
Premiers Meet in Ottawa Amid U.S. Trade Tensions
Canada's premiers gather in Ottawa for a pivotal meeting with federal officials, focusing on escalating trade disputes with the United States and broader economic challenges facing the nation.
Poilievre: Liberal Policies Leave Canada Poorer, Weaker
Conservative Leader Pierre Poilievre criticizes a decade of Liberal governance for Canada's worst economic growth in the G7, high living costs, and dependence on other nations.
B.C. Must Deliver Economic Results in 2026 for Canada
As Canada faces a shifting global order, British Columbia's ability to implement growth strategies in 2026 will determine national economic success and trade diversification.
Carney Announces GST Credit Increase for Grocery Costs
Prime Minister Mark Carney has revealed an increase to the GST credit, aimed at helping Canadians cope with soaring grocery prices, as part of a broader economic relief strategy.
Carney's $11.7B Grocery Benefit Called Vote-Buying
Prime Minister Mark Carney announces a $11.7 billion GST credit rebrand as Canada Groceries Benefit, but critics argue it's political vote-buying instead of broad tax cuts.
Carney's Grocery Rebate: Who Gets It and How Much?
Prime Minister Mark Carney announces a 25% GST credit increase for five years, with a one-time 50% boost in 2026. Learn who qualifies and payment details.
Page 1 of 5