The following Legislative Proposals Notice of Ways and Means Motions and Explanatory Notes has just been posted on the Finance Canada Site: Notice of Ways and Means Motion to implement certain provisions of the 2011 Budget as updated on June 6, 2011 and other measures and Explanatory Notes Relating to the Income Tax Act and … Read more
Finance Canada issued its Fiscal Monitor for July 2011. The publication highlights the budgetary deficit of $1.6 billion for July 2011 and the budgetary deficit of $7.1 billion from April to July of 2011. The full release is available online.
Finance Minister Jim Flaherty (Whitby-Oshawa, ON) commented on the International Monetary Fund’s fall 2011 World Economic Outlook, which predicts Canada, along with Germany, will have the fastest growing G7 economy over the next two years. Reflecting the IMF’s lowered global growth forecast, the outlook for Canada’s growth has been revised down to 2.1 per cent … Read more
Finance Minister Jim Flaherty (Whitby-Oshawa, ON) highlighted the Government of Canada’s priority to promote innovation, recognizing the crucial role it plays in enhancing the country’s productivity and economic prosperity. Flaherty spoke at the Perimeter Institute’s Innovation Nation event in Waterloo, ON, and urged the private sector to increasingly make innovation a central component of business … Read more
Noting the significant progress in the talks on the HST and QST harmonization in Quebec between officials from their respective departments, Finance Minister Jim Flaherty (Whitby-Oshawa, ON) and Quebec Finance Minister Raymond Bachand agreed to continue their discussions for a few days longer, with a view to reaching an agreement by the end of September. … Read more
Finance Minister Jim Flaherty (Whitby-Oshawa, ON) highlighted the substantial action the Government has taken to encourage growth and create jobs through support for small businesses and entrepreneurs while protecting the environment for the benefit of future generations. The government-created Red Tape Reduction Commission, which recently issued a report entitled "'What Was Heard' Report – Cutting … Read more
Finance Canada has released its Agreed terms of reference by G7 Finance Ministers and Central Bank Governors. Finance Canada said there are now clear signs of a slowdown in global growth. The Government of Canada is committed to a strong and coordinated international response to these challenges and is taking strong actions to maintain financial … Read more
Finance Minister Jim Flaherty (Whitby-Oshawa, ON) made a statement on Canada’s performance in the World Economic Forum’s annual Global Competitiveness Report. Flaherty said since the Conservative government came to office, there has been a focus on what matters to Canadians, creating jobs and promoting economic growth. Flaherty also said he is pleased that for the … Read more
Finance Canada released its numbers for Canada's Official International Reserves. The department said Canada’s official international reserves increased by an amount equivalent to US$1,255 million during August to US$64,493 million. The full release is available online. Call 613-996-8080.
Finance Minister Jim Flaherty (Whitby-Oshawa, ON) commented on Canada’s economic growth data during a tour of the 14,000-foot expansion of the Ryerson University School of Image Arts. The Government of Canada invested $16.45 million in the refurbishment of the building. Flaherty said data published shows that the Canadian economy is still very fragile. He said … Read more
