Carney is suspending Canada’s fuel excise tax for nearly 5 months – National | Globalnews.ca
[ad_1] Descrease article font size Increase article font size Prime Minister Mark Carney has announced a temporary suspension of the federal fuel excise tax starting next week until Labour Day. The announcement comes hours after Carney secured a majority government through Monday’s three byelections. “We’re also removing the fuel excise tax on aviation fuels. This […]
Advocates say rising minimum wages still fall short across Canada | Globalnews.ca
[ad_1] With the fiscal year ending, Atlantic provinces and federally-regulated employers will be implementing new minimum wages. Meanwhile, most other provinces across Canada are preparing for their annual increases. Advocates and minimum wage workers, however, say none of these new rates are sufficient, due to the rising cost of living. “When we talk about affordability, it’s obviously the cost that a […]
Looming Energy Crisis Could Echo Oil Shock Of 1970s, Ex-Bank Of England Deputy Warns
[ad_1] The UK could be on the cusp of an energy crisis comparable to the chaos seen in the 1970s, according to a former deputy governor of the Bank of England. Iran continues to restrict the number of oil tankers which can travel through the major shipping lane, the Strait of Hormuz, in retaliation against […]
Starmer Slams Tories And Reform’s ‘Utterly Reckless’ Iran Plans In Local Election Campaign Launch
[ad_1] Keir Starmer is expected to make Labour’s decision not to go to war with Donald Trump against Iran central to the party’s local election campaign on Monday. Speaking from the West Midlands, the prime minister is expected to call on the UK to “stand together” amid the turbulence from the wars in Ukraine and […]
Trim OAS for higher income seniors? 73% says yes, new poll suggests – National | Globalnews.ca
[ad_1] A new poll finds there is growing support for a proposal to lower an Old Age Security (OAS) threshold for some Canadians in order to help reduce the federal government’s deficit. Seventy-three per cent of Canadians polled this month said they support such a move, which would effectively trim back Old Age Security from higher […]
Is the pain of the K-shape economy bleeding into the middle class? – National | Globalnews.ca
[ad_1] Canada’s middle class appears to be struggling with the higher cost of living, with new data showing more are taking on debt as financial pain bleeds out into broader sections of the economy. It comes as the so-called “K-shape” economy continues to underscore a widening wealth divide between Canada’s highest and lowest income groups, […]
Canmore’s Livability Tax Program one step closer to reality – Calgary | Globalnews.ca
[ad_1] Descrease article font size Increase article font size A recent legal decision has paved the way for an affordability program aiming to tackle Canmore’s housing crisis to move forward. The Livability Tax Program is part of a broader strategy to address housing affordability concerns in the mountain town. The program creates residential property sub-classes […]
N.B. budget: As deficit and living costs soar, so do worries for survival – New Brunswick | Globalnews.ca
[ad_1] The Oromocto Food Bank and Clothing Bank serves a population of more than 27,000 people. But with the cost of living going up and up, staff say it’s becoming more and more challenging to keep up with demand. “People calling us begging, ‘Do you have any money that I can just borrow?’ and I […]