Economy
Multilateral solutions for a better tomorrow
Major global shocks in recent years – including the COVID-19 pandemic, the Ukraine war, and the triple planetary crisis, among others – have challenged our international institutions. Unity around our shared principles and common goals is both crucial and urgent.
The Summit of the Future is a once-in-a-generation opportunity to enhance cooperation on critical challenges and address gaps in global governance, reaffirm existing commitments including to the Sustainable Development Goals (SDGs) and the United Nations Charter, and move towards a reinvigorated multilateral system that is better positioned to positively impact people’s lives. Building on the SDG Summit in 2023, Member States will consider ways to lay the foundations for more effective global cooperation that can deal with today’s challenges as well as new threats in the future.
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Read MoreA new financial outlook nationally and for each province conducted by Desjardins Group shows that Alberta’s economy will stay positive even if a national economic downturn looms.
Predicting a national recession later this year, the Desjardins group said Alberta’s combination of a strong energy sector, population boom and relatively low housing costs, compared to the rest of Canada, will keep the province thriving
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Read MoreTax measures should support Canadians who work past 65, says Industry Minister François-Philippe Champagne. The number of pensioners who remain in the workforce is currently the highest in history, according to federal data.
“Efforts are being undertaken to support retirees,” Minister Champagne wrote in a letter to the Commons industry committee. The Income Tax Act should “not create barriers to seniors who want to remain in the workforce.”
Champagne’s letter follows a March 9 committee report recommended cabinet “encourage labour market participation among workers who are approaching retirement age or who have reached it, by introducing new tax or other incentives.”
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Read MoreEnvironment Minister Steven Guilbeault yesterday renewed a 2016 pledge to phase out “inefficient” fossil fuel subsidies without defining “inefficient.” Enforcement is scheduled for 2025.
“Canada is committed to supporting energy innovation and environmental improvements to ensure Canadians, communities and businesses can thrive,” Minister Guilbeault said in a statement. “Be eliminating inefficient fossil fuel subsidies we are encouraging smart and efficient government investment.”
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Read MoreThousands of port workers, including scores of Hell Angels, their associates, gangsters, and other criminals across British Columbia, are set to resume strike activity after failing to ratify a tentative deal that was reached through federal mediation.
More than 7,400 workers from the International Longshore and Warehouse Union (ILWU) had walked off the job from July 1 until July 13 over issues like port automation, outside contracting and the increasing cost of living.
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Read MoreFood banks in rural Ontario are seeing a surge in new clients, including those from dual-income families.
In Simcoe County, several organizations meant to help those in need have seen a record rate of visitors.
According to Sharing Place executive director Chris Peacock, the trend shows no slowing down.
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Read MoreWith the Tokyo Electric Power Company (TEPCO) planning to begin a release of 1.3 million tons of treated wastewater from the former Fukushima Daiichi nuclear power plant in Japan next month, reports of radioactive fish in the area have raised alarm in recent years — and new reporting on July 23 revealed that the problem is far from mitigated, prompting questions about how dangerous the company’s plan will be for the public.
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Read MoreCanada will be the first country in the G20 — and indeed the world — to eliminate “inefficient” subsidies for oil and gas, Environment Minister Steven Guilbeault said from Ottawa Monday.
Starting in 2028 — not 2030 — the federal government will eliminate tax breaks, financing and loan guarantees for fossil fuel projects that don’t in some way reduce emissions in order to limit global warming to 1.5C in accordance with international agreements such as the Paris Accord.
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Read MoreThe Canadian Taxpayers Federation (CTF) wants the Saskatoon city council to reduce spending and prevent a proposed tax hikes.
The CTF is urging the council to take action during the upcoming special budget meeting on Tuesday, July 25.
“Saskatoon taxpayers can’t afford a double-digit tax hike,” said Gage Haubrich, Prairie director of CTF.
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Read MoreThe International Conference on Development and Migration is an initiative of Italy’s Giorgia Meloni and it was held at the Italian Foreign Ministry in Rome on Sunday.Italy hosted an important meeting on migration and the Mediterranean in which Rome brought together Middle East countries to discuss important issues that affect Europe, the Middle East, and North Africa.
The International Conference on Development and Migration is an initiative of Italy’s Prime Minister Giorgia Meloni and it was held at the Italian Foreign Ministry in Rome on Sunday. Its aim is “finding shared solutions for the Mediterranean and Africa.” The event comes after an EU-backed deal with Tunisia. Israel, which is not a destination for many migrants these days, was not one of the countries invited.
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