Economics & Finance & Trade

Parliamentary reno on track

The multi-billion-dollar renovation of the Centre Block on Parliament Hill, which is not expected to be finished until at least the end of this decade, is being managed effectively, Auditor General Karen Hogan said today. However, she cautioned, “rigorous” cost management will be needed “as the program moves more into the construction phase, where making changes to elements that are built or in the process of being built becomes more difficult.” [node:read-more:link]

Growing U.S. interest in North

A decision by the U.S. Administration to nominate Alaskan geographer Mike Sfraga as an ambassador-at-large for the Arctic is seen as a direct response to Russia’s ramped-up northern military presence and Alaska Republican Senator Lisa Murkowski says that dealing with national security threats from China as well as Russia and China in the region will be a challenge. [node:read-more:link]

Internet promise falling short

Auditor General Karen Hogan reported today that 1.4 million Canadian households in rural and remote areas do not have access to the level of Internet services promised by the federal government. “When services are of poor quality, unaffordable or unavailable, people are effectively excluded from participating fully and equally in the digital economy, accessing online education, banking, medical care and government services or working remotely,” she said. [node:read-more:link]

Alberta losing two key ministers

Two key members of Alberta Premier Danielle Smith’s cabinet, Finance Minister Travis Toews and Environment & Protected Areas Minister Sonya Savage, announced March 24 that they will not contest the province’s next general election, expected on May 29. Both cited family reasons for their decision but said they would serve out their mandate. [node:read-more:link]

Canada-U.S. interests “interwoven”

Prime Minister Justin Trudeau and U.S. President Joe Biden used a day of talks in Ottawa March 24 to tackle a range of shared issues, including defence and security, third-country refugees, Haiti, clean energy and trade in what Trudeau said was a demonstration of how their countries’ interests are “interwoven.” Biden, on his first visit to Canada as President, agreed, saying, “I can't think of a challenge we haven’t met together.” [node:read-more:link]

Aquaculture ban challenged in court

Two B.C. First Nations and a Norwegian-owned salmon farming company are challenging the legality of a federal government refusal to renew their aquaculture open-net licences off north Vancouver Island. The government’s decision was predicated on concerns that farmed fish pose a parasitic threat to wild salmon. Neighbouring Washington state banned open-net farms in state waters last year. [node:read-more:link]

Canada closing in on 40 million

Driven mainly by the federal government’s aggressive immigration policies since 2015, Canada’s population increased by a record annual 1.05 million in 2022, Statistics Canada reported today. It meant that the population at year’s end was 39.57 million as the country retained its position as the fastest-growing G7 state. [node:read-more:link]

Free visas for Ukrainians extended

Immigration, Refugees & Citizenship Minister Sean Fraser announced today that Ukrainians and their families now have until July 15 to apply for a free visitor visa which enables them to work and study for up to three years. The previous deadline was March 31. [node:read-more:link]

Climate report warrants “hard long look”

Environment & Climate Change Minister Steven Guilbeault said March 20 that the government will take a “hard long look” at the latest UN climate change panel’s latest warning about carbon emissions. “It's one thing to simply say, ‘well, you know, we want to reach this goal’ but we have to give ourselves the means to get there,” he said. “We do that now in Canada for 2050. We will obviously need to take a second hard long look at what the IPCC is proposing for 2040.” [node:read-more:link]

Nexus ramping back up

The federal government said March 20 that it expects that the Nexus trusted-traveller program with the U.S. to be back in full operation in about a month. Registration for the program has been on hold for nearly a year, partly because of bureaucratic and legal issues, resulting in backlogged applications. Enrolment centres will reopen at the Halifax and Winnipeg airports on March 27, followed by Vancouver April 3, Calgary and Edmonton April 12, Montreal April 17 and Toronto and Ottawa April 24. [node:read-more:link]

Inflation cooled in February

Statistics Canada reported today that the annualized inflation rate in February was 5.2 per cent compared with the previous month’s 5.9 per cent and it was the largest deceleration since April 2020. Despite the overall cooling, grocery prices remained elevated, up 10.6 per cent from a year ago because of supply constraints and bad weather in some food growing regions. [node:read-more:link]

New LNG terminal for B.C.

A $3.2-billion liquefied natural gas export terminal near the northern coastal city of Kitimat has received environmental approval from the B.C. government. The floating Cedar LNG project is majority-owned by the local Haisla Nation in partnership with the Calgary-based Pembina Pipeline Corp. [node:read-more:link]

Exploitive employers “scumbags”

Draft changes to Ontario labour law would leave employers who withhold foreign workers’ passports or work permits facing stiffer penalties. “One group of workers who are often forgotten are migrant workers,” Labour Minister Monte McNaughton said March 20. during a press conference on Monday. “My message to those scumbags out there abusing migrant workers is this: you can run, but you can’t hide. We will find you, fine you, and put you behind bars.” [node:read-more:link]

Beleaguered Macron survives votes

French President Emmanuel Macron’s government survived a pair of votes on motions of no confidence in the National Assembly today after pushing through pensions overhaul which has seen ongoing protests across the country in recent weeks. The opposition is now looking to appeal to France’s constitutional council in a bid to block part or all of the pension reforms. [node:read-more:link]

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