Alberta Premier Jason Kenney says there’s a “compelling case” to be made for his province to exit the half-century-old Canada Pension Plan, an idea sure to face increasing scrutiny over the coming months. With growing frustrations in his province about its place in the federation, Kenney has revealed that a deeper analysis is on the […]
Alberta Premier Jason Kenney says there’s a “compelling case” to be made for his province to exit the half-century-old Canada Pension Plan, an idea sure to face increasing scrutiny over the coming months. With growing frustrations in his province about its place in the federation, Kenney has revealed that a deeper analysis is on the […]
The Bank of Canada kept its key interest rate on hold Wednesday, leaving the country as an exception compared to other advanced economies that have begun to respond to a weakening global economy. In its explanation, the central bank argued that inflation is on target and the domestic economy has held up well in many […]
The Bank of Canada is holding steady on interest rates as it gauges the extent of the damage that deepening trade conflicts have had on the domestic and global economies. The rate decision Wednesday, which was widely expected, kept the central bank’s overnight rate at 1.75 per cent and followed a solid second-quarter rebound for […]
The U.S. Federal Reserve is widely expected to cut its interest rate Wednesday for the first time in over a decade — a big step, though one unlikely to pull Canada’s central bank out of its holding pattern any time soon. The Bank of Canada sent signals earlier this month that the Canadian economy is […]
Former federal budget watchdog Kevin Page will deliver a blunt message to premiers this week about the costs of a future national pharmacare program: if Canadians want one, taxes will have to go up. Page, who now heads a University of Ottawa think tank, will walk through the numbers Friday when he gives a presentation […]
The upcoming federal budget will include a five-week, use-it-or-lose-it incentive for new dads to take parental leave and share the responsibilities of raising their young child, The Canadian Press has learned. In recent days, Prime Minister Justin Trudeau has mused about just such an additional parental leave for the second parent. Read: How to bridge the […]
Government identifies pensions as "innovative sources of funding."
With his first budget behind him, rookie Finance Minister Bill Morneau seems comfortable in his new surroundings — he’s even quick to highlight the symbolism of the boardroom artwork at his department’s headquarters. Morneau points to a series of framed pictures featuring etchings of $1 coins. The artist, he explains, flipped each of the loonies […]
The Bank of Canada is sticking with its key interest rate as it awaits billions in economy-boosting measures expected in the upcoming federal budget. The central bank kept its trend-setting interest rate locked at 0.5% in its scheduled announcement Wednesday. The bank’s decision comes as the federal government insists its March 22 budget will include […]