Economy
Western premiers are taking a stand against the Trudeau government’s plan by 2050 to cut oil and gas by 75%.
Alberta Premier Danielle Smith said on Saturday she is standing up for the province against the fed’s plan to cut oil and gas and Canada’s net-zero mandates.
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Read MoreLabour Minister Seamus O’Regan yesterday said cabinet does “not want to be back here again” following a tentative end to a West Coast port strike. O’Regan did not explain his remark.
“The scale of this disruption has been significant,” O’Regan said in a statement. “The extent of it has shown just how important the relationship between industry and labour is to our national interest.”
“We do not want to be back here again,” said O’Regan. Negotiations “are the best way to prevent that,” he added: “But we do not want to be back here again.”
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Read MoreAccess Copyright, one of the country’s largest collectives representing 13,000 authors, yesterday said it will lay off staff and cut budgets due to the loss of millions in royalties under an Act of Parliament. Cabinet has yet to adopt a 2019 recommendation of the Commons heritage committee that it curb free photocopying under the Copyright Act.
“Access Copyright’s board of directors has made the difficult decision to initiate a significant downsizing and restructuring of the organization due to the federal government’s decade-long inaction in fixing Canada’s publishing marketplace,” the group said in a statement. It did not respond to questions. The scope of job cuts was not detailed.
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Read MoreAlberta Premier Danielle Smith has issued a mandate letter to the President of the Treasury Board and Minister of Finance Nate Horner calling on him to make automobile and property insurance more affordable for Albertans.
On Thursday, the letter issued by Smith said Horner will take the leadership role on the task, working with the Minister of Affordability and Utilities Matt Jones and stakeholders to review and develop short and long-term recommendations to make automobile and property insurance more affordable for Albertans.
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Read MoreNational rental prices have hit another record high, according to the Rentals.ca July 2023 Rent Report.
The average price of a rental unit reached $2,042 last month, beating out the Nov. 2022 price of $2,024.
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Read MoreThe CEO of taxpayer-owned Trans Mountain Corporation is in Federal Court for alleged “abuse of process.” Dawn Farrell, Calgary’s “inspiring business leader” of the year, is accused of ignoring a federal order to release public records under the Access To Information Act.
“The order sought in this application will be of practical value and effect as it will enforce the quasi-constitutional right of access, enforce the Commissioner’s order to ensure compliance with the Access To Information Act and maintain the rule of law,” lawyers for the Information Commissioner wrote the Court. “The lack of responsiveness is in clear contravention of the CEO’s legal duty under the Act and undermines the credibility of the Access To Information system and the Commissioner’s order making powers under the Act in an abuse of process.”
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Read MoreCanada’s gross domestic product (GDP) per person is growing at its slowest rate since the Great Depression, a new report from the Fraser Institute said.
GDP per person refers to the total monetary or market value of all finished goods and services produced individually.
The report, What is Behind Canada’s Growth Crisis?, demonstrates that the country’s per-person GDP grew by 0.8% (after adjusting for inflation) between 2013 and 2022.
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