Feds Table $52.8 Billion Deficit Budget
The federal government will continue to spend more than it takes in, although this year it will only be half of last year’s $113.8-billion deficit.
The federal government will continue to spend more than it takes in, although this year it will only be half of last year’s $113.8-billion deficit.
Officials say child care fees will be cut in half by this time next year and to an average of $10 a day by 2026.
Environment Minister Jonathan says the Liberals’ updated plan will allow Canada to beat its Paris accord targets 10 years from now.
The government’s plan includes extending the Canada Emergency Wage Subsidy until next summer, expanding the Canada Emergency Business Account, and improving the business credit availability program.
He is hoping to become Secretary General for the Organization for Economic Cooperation and Development (OECD), a bid that will be “vigorously” supported by Prime Minister Justin Trudeau.
Money from the program will flow to seven priority areas, including funding for Covid-19 testing and contact tracing, vulnerable populations, and personal protective equipment for frontline and essential workers.
Prime Minister Justin Trudeau said Friday the extension on the 75 percent subsidy is designed to help business owners bring back their workers as the economy begins to reopen.
The Nova Scotia government said it will draw on federal money to help fund a $2,000 benefit for as many as 43,000 healthcare workers in the province.
Trudeau said the federal government will give approximately $492 million to organizations across the country for “youth skills and employment programs.” About $17 million will be given to organizations in Nova Scotia.
Business leaders are seeing a bumpy path ahead with a minority Liberal government. And there was no better indication of that than Premier Blaine Higgs’ announcement Tuesday that he is softening his stance against the federal carbon tax.