Tag: Global Economy

Why No Gas Tax Holiday Just Yet

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Statistics Canada is reporting that in May, pump prices rose by 48% as compared to the same period last year thanks to supply constraints and high crude oil prices. This surge was further exacerbated by the growing demand for fuel due to the easing of travel restrictions instituted during the…

Wealth Tax Finds Support Among Many Canadians

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The NDP and the Green Party revived their proposition for a wealth tax after a Parliamentary Budget Officer report back in June stated 1% of the country’s highest earners possessed over 25% of the country’s total wealth. Although the Bloc Quebecois, Liberals, and Conservatives objected to the NDP motion for…

Challenges continue for Canada’s economy

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Canada continues its search for positive economic news as multiple trends across various economic sectors remain pointed in the wrong direction. The country’s economic foundation means that potential for growth continues to exist, although in the short term such a reversal seems elusive. Joy Thomas, CEO of Chartered Professional Accountants…