Doug Ford promises to cut Ontario’s corporate income tax to 10.5 per cent

Doug Ford promises to cut Ontario’s corporate income tax to 10.5 per cent
TORONTO — Ontario’s Progressive Conservatives promised Wednesday to cut the provincial corporate income tax if they win the spring election, saying the move would stimulate job growth and boost the economy. Newly minted Tory Leader Doug Ford said his party would cut the rate from the current 11.5 per cent to 10.5 per cent. “We’re going to create the environment to make sure this province is... Read More

Carr says pipeline expansion will add just one more tanker a day off B.C. coast

Carr says pipeline expansion will add just one more tanker a day off B.C. coast
OTTAWA — Natural Resources Minister Jim Carr says the Trans Mountain pipeline will only increase tanker traffic off the coast of British Columbia by one ship a day, downplaying the risks raised by environmental critics of the project. Speaking following the weekly Liberal caucus meeting today, Carr said he has a lot of confidence that the pipeline expansion his government backs... Read More

B.C. to spend $1.9 billion to help build rental housing over the next decade

B.C. to spend $1.9 billion to help build rental housing over the next decade
VICTORIA — British Columbia’s government is investing $1.9 billion over the next 10 years to help build 14,000 affordable homes for renters. Premier John Horgan says fixing the housing crisis in the province isn’t just about ownership, but making sure that those who rent can find and afford homes where they can have a future. The new rental homes will be... Read More

N.S. boasts of $100M in film production, but industry says jobs still scarce

N.S. boasts of $100M in film production, but industry says jobs still scarce
HALIFAX — Nova Scotia film production has gradually increased over the last two years and was worth $102 million in 2017-18, says the deputy minister of the Department of Business. Bernie Miller told the legislature’s public accounts committee the overall figure is line with the 10-year average before the previous film tax credit was axed in 2015. He says the... Read More

Bank of Canada holds benchmark interest rate as economic growth moderates

Bank of Canada holds benchmark interest rate as economic growth moderates
OTTAWA — The Bank of Canada is maintaining its trend-setting interest rate as its careful assessment of the timing of future hikes continues amid a backdrop of moderating growth. The central bank, which kept its rate at 1.25 per cent Wednesday, said slower first-quarter growth of about 1.3 per cent was largely a result of housing markets’ responses to stricter... Read More

Ontario government financial outlook changed to negative: Moody’s

Ontario government financial outlook changed to negative: Moody’s
TORONTO — A key ratings agency has downgraded its outlook on Ontario’s finances to “negative” from “stable” in light of the Liberal government’s plan to run six consecutive multibillion-dollar deficits. Moody’s Investor Services says spending pressure will challenge the province’s ability to “sustain balanced fiscal results” over a number of years. Moody’s also says financing requirements on the province’s debt — projected to... Read More

Pipeline protest greets Trudeau in London ahead of meetings with Queen, May

Pipeline protest greets Trudeau in London ahead of meetings with Queen, May
LONDON — The explosive debate around the Trans Mountain pipeline followed Justin Trudeau to Britain’s capital on Wednesday, as environmental activists confronted the prime minister with calls to cancel the contentious project. The activists from Greenpeace UK sought to make their point with an elaborate protest that included erecting a fake pipeline around the Canadian High Commission next to iconic... Read More