A chorus of Canadian entrepreneurs and investors is blasting the federal government’s budget for expanding a tax on the rich. They say it will lead to brain drain and further degrade Canada’s already poor productivity. In the 2024 budget unveiled Tuesday, Finance Minister Chrystia Freeland said the government would increase the inclusion rate of the capital gains tax from 50…
The life of a high performance athlete is always filled with unknowns. It is part of the gig, trying to navigate daily training, always searching for that extra edge to peak for competitions. And in a many cases, it rarely ever goes as planned. To be an athlete who has any level of success requires an immense…
Just a day after announcing adjustments to its UP Express service at two busy stations, the province is rolling back those changes in response to widespread criticism from residents. Ontario Transportation Minister Prabmeet Sarkaria said in a statement on X Tuesday evening that he has instructed Metrolinx “not to proceed” with the planned changes that…
Heading into this week’s federal budget, one question loomed large: would new spending fuel inflation and make it harder for the Bank of Canada to start cutting interest rates? The budget lays out plans to spend nearly half a trillion dollars in taxpayer money. The new spending in the document is modest by comparison — $52.9 billion….
Caitlin Clark admitted she was a bit nervous before being chosen with the No. 1 pick in the WNBA draft by the Indiana Fever, even though it was no surprise. “I dreamt of this moment since I was in second grade, and it’s taken a lot of hard work, a lot of ups and downs,…
By Staff The Canadian Press Posted April 16, 2024 7:22 am 1 min read Descrease article font size Increase article font size Statistics Canada will release its latest reading on inflation Tuesday morning. The agency will publish its consumer price index for March. Statistics Canada reported last month that the annual pace of inflation cooled…
Ontario’s energy minister is set to announce a $1 billion plan to extend the life of the biggest hydroelectric dams in the province. The project involves refurbishing the Sir Adam Beck I and II generating stations along the Niagara River, which between them account for nine per cent of all electricity produced in Ontario each year….
The company that owns the Winnipeg Jets says it’s never lost money since the NHL returned to Winnipeg in 2011, not even during a recent downturn in ticket sales at Canada Life Centre. True North Sports & Entertainment has turned a profit on its combined hockey, arena and merchandising operations every year the NHL has been in Winnipeg, executive chair Mark…
The Liberal government faces a slowing economy and an uphill battle in the polls as it prepares to table its 2024 federal budget on Tuesday. Global News spoke to Canada’s former parliamentary budget officer ahead of April 16, who said he’s expecting a tight spending plan with little room for surprises or hotly demanded relief…
Free tuition for doctors. Public exercise programs. Bringing in the military. These were just a few of the 2,200 ideas submitted by health-care workers who entered the provincial government’s contest last fall seeking quick, easy, and low-cost ideas to improve the Nova Scotian health-care system. For a month, they were invited to submit an idea that would be entered in…
