debt

A Future Commodity Advisor with Ventum Financial says the Bank of Canada’s decision to drop its benchmark interest rate shows the Central Bank maybe convinced that price pressures are under control, and are focused on a soft landing for the Canadian economy. The Bank reduced its rate to 4.5 per cent, the second consecutive decrease […]

The Saskatchewan government has come under fire for spending approximately $70,000 to advertise its latest budget, according to documents obtained by the Canadian Taxpayers Federation. The spending has been labeled as ironic and wasteful by CTF Prairie Director Gage Haubrich, who criticized the government for using taxpayers’ money to promote a budget that projects significant […]

Manitoba’s NDP government is set to introduce its first budget today since winning last October’s election. The fiscal plan is expected to include rebates on electric vehicles, a bigger tax credit for fertility treatments, and free prescription birth control — all of which were NDP campaign promises. The budget is also extending the fuel-tax holiday […]

-With files from the Canadian Press- The Saskatchewan government is forecasting a lower surplus than budgeted this year due to decreased resource revenues and higher expenses. In her first-quarter fiscal update, finance minister Donna Harpauer says the province expects a $485.5 million surplus this year, down 52 per cent from the $1 billion surplus that […]

The Government of Saskatchewan has announced a $1.58 billion surplus at the year-end of 2022-23. The province plans to use $1.5 billion of the surplus to pay its provincial operating debt, saving $66 million per year in estimated future interest costs. Deputy Premier and Finance Minister Donna Harpauer said the province experienced strong revenue from […]

Regina city council approved increasing the city’s debt limit by $330 million. Following the vote in favour of the increase, the city must apply to the Saskatchewan Municipal Board to approve the debt limit increase from $450 million to $780 million. “Considering the commitment City Council has made to the Catalyst Committees’ study and the […]

The federal government announced $59.5 billion of new spending over the next five years as part of a narrowly focused budget that also promises to find savings in the public service and increase tax revenues. Finance Minister Chrystia Freeland’s budget, tabled in the House of Commons, has three main focuses: the clean economic transition, health […]

Saskatchewan is flush with cash and out of the red. Finance Minister Donna Harpauer says the province is raking in more money largely due to natural resource prices. As a result, Harpauer says her Saskatchewan Party government is reversing its plan to add provincial sales tax to gym memberships and some recreational activities, which was […]

  The NDP is raising concern about the level of government debt in Saskatchewan. Opposition critic Trent Wotherspoon says the provincial debt has tripled under the SaskParty government and is at 22 billion dollars. He says the government is on a dangerous and reckless path. Finance minister Donna Harpauer says the debt to GDP ratio […]

A Saskatoon based Insolvency Trustee is concerned about the results of a national consumer debt index survey. Michelle Scheller says the trend of about a third of Saskatchewan residents surveyed being unable to cover their bills and debts each month started with the downturn in the western Canadian oil industry. The survey also suggests almost […]