Economy

Economy


New AI minister says Canada won’t ‘over-index’ on AI regulation

Canada’s new minister of artificial intelligence said Tuesday he’ll put less emphasis on AI regulation and more on finding ways to harness the technology’s economic benefits. In his first speech since becoming Canada’s first-ever AI minister, Evan Solomon said Canada will move away from “over-indexing on warnings and regulation” to make sure the economy benefits […]

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Valemount 2025 budget to include columbarium, economic recovery costs

Valemount Council approved including a 5.5 per cent tax increase in the 2025 budget during a special meeting on March 19th. The increase is in line with the Village’s Improving Asset Management plan which consulting company Urban Systems produced in 2020. Director of Finance Lori McNee presented the budget to Council and outlined new items […]

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As Ontario hikes cost of electricity exports, Lutnick says more tariffs are coming

Ontario placed a 25 per cent surcharge on electricity exports to the United States on Monday as Canada braced for steel and aluminum duties the Trump administration is set to deploy on Wednesday. “I feel terrible for the American people, because it’s not the American people who started this trade war,” Ontario Premier Doug Ford […]

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U.S. commerce secretary says steel and aluminum tariffs coming this week

Canada remains in the crosshairs of U.S. President Donald Trump’s enormous tariff agenda, with steel and aluminum duties set to come into force on Wednesday. While U.S. Commerce Secretary Howard Lutnick said Sunday that Trump will follow through on his plan to impose 25 per cent tariffs on steel and aluminum imports into the U.S., […]

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Cybersecurity breach of Nova Scotia school system could have financial impact

Nova Scotia’s Education Department has asked for help from IBM as it investigates a cybersecurity breach involving a student information system used across North America, saying the breach could have a financial impact on some former and current teachers and staff. The department issued a statement Saturday saying some social insurance numbers collected before 2010 […]

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Work permit changes worrying for child-care staff shortages: colleges, Ontario

New federal rules would prevent international students who graduate from early childhood education programs from applying for a work permit in Canada — a change that the Ontario government, colleges and advocates warn will kneecap the growth of Ottawa’s signature $10-a-day child-care program. Under immigration changes announced last month, the postgraduate work permits, which were […]

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Poll suggests Manitobans worried about costs, less confident in institutions

Manitobans are increasingly worried about the cost of living and crime, and are becoming less confident in the justice system and public service, a poll commissioned by the provincial government suggests. The Benchmark Survey, conducted by polling firm Leger, is normally conducted every few months and provides the government insight into the top concerns and […]

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Foreign aid can help strengthen the economies of donor countries by boosting business

This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. ___ Authors: Marie-Ann Betschinger, Associate Professor of Strategy, HEC Montréal; and Olivier Bertrand, Full professor of strategy, Escola de Administração de Empresas de São Paulo da […]

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Government was warned two years ago high immigration could affect housing costs

Federal public servants warned the government two years ago that large increases to immigration could affect housing affordability and services, internal documents show.  Documents obtained by The Canadian Press through an access-to-information request show Immigration, Refugees and Citizenship Canada analyzed the potential effects immigration would have on the economy, housing and services, as it prepared […]

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Inside Vancouver’s Decision to Scrap Its Living Wage Commitment

Internal emails suggest City of Vancouver staff felt “significant anger and disillusionment” after city council voted to scrap the municipality’s living wage policy this year. That’s how former chief equity officer Aftab Erfan described the reaction from staff after the city announced in March it would no longer guarantee a living wage, effectively cutting the […]

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Patrick Brown’s ‘reckless’ $11B debt plan would cost taxpayers almost $2K more each year

Regional councillors wasted no time in quashing a motion by Brampton Mayor Patrick Brown which sought to push the Region of Peel $11 billion into debt. The move came as council members labelled the idea “foolish” and “reckless”, while staff suggested it might be illegal. A staff report presented at the July 6 Peel Region […]

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As the Bank of Canada prepares for a digital Canadian dollar, democratic concerns loom large

This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. The Bank of Canada is preparing for the possibility of the Canadian government requiring it to issue a digital version of the Canadian dollar. Although the […]

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