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Theo's Analysis, Budget 2024, Economy Theophilos (Theo) Argitis Theo's Analysis, Budget 2024, Economy Theophilos (Theo) Argitis

Trudeau government keeps to activist agenda in tax-and-spend budget

Finance Minister Chrystia Freeland tabled the 2024 budget Tuesday, with big spending to increase Canada’s housing supply. The only thing keeping the deficit trajectory in check were new taxes, including $19 billion over five years in new capital gains levies on wealthy individuals and corporations – underscoring the extent to which we have fully entered a populist moment in Canadian politics, Theo Argitis writes.

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Economy, Rural Canada, Events Les Whittington Economy, Rural Canada, Events Les Whittington

Mounting fire, insect damage means Canada must manage more of its forests, not less: Nighbor

‘If you look at the Canadian experience, mainly because of a decline in the pulp and paper sector, the annual timber cut has declined by 25 per cent in the last 20 years – but our fire impacts are going up because many of our forests are simply dying,’ says Forest Products Association of Canada CEO Derek Nighbor.

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Economy Theophilos (Theo) Argitis Economy Theophilos (Theo) Argitis

Bank of Canada shows signs rate cut could be coming soon

At a policy decision on Wednesday, the Bank of Canada kept its policy rate unchanged at the current prohibitively high levels (with the overnight rate at five per cent) but indicated it will cut as early as June, should inflation data continue to show signs of easing between now and then.

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