10 Second Headlines

May 11, 2018

Canada Canada is ranked second in tax levies for G7, only trailing France. Canada’s highest rate kicks in at a lower income than do rates in most OECD nations. Canadian taxes collected, overall, are… Read More

May 4, 2018

David Dodge: “we are shooting ourselves in the foot” David Dodge, past Governor of the Bank of Canada, says there are currently two issues: “One, we in Canada have been shooting ourselves in the… Read More

Apr. 27, 2018

Central banks Q1, U.S. GDP grew at an annual rate of 2.3% Y/Y vs 2% estimate, increasing probability of a Fed rate increase in June. UK economy grew at its lowest pace in 5… Read More

Apr. 20, 2018

Alberta Investment Management Corporation (AIMCo) AIMCo had a performance return of 10.4% for 2017, finishing the year at $103.7 billion, and generating an additional $1 billion in added value for 32 clients, who include:… Read More

Apr. 13, 2018

Trans Mountain Pipeline Kinder Morgan has suspended all “non-essential” spending on its Trans Mountain pipeline Federal Finance Minister Bill Morneau said: “We know that showing Canada is a place where important projects can get… Read More

Apr. 6, 2018

North-American job data Canada added 32,000 jobs in March, driven by full-time gains; unemployment 5.8% Alberta added 8,300 jobs in March, all being part-time; unemployment rate 6.3% vs 6.8% M/M, lowest since 2015. Alberta… Read More

Mar. 29, 2018

Provincial budgets Quebec plans to balance its budget for the 4th straight year. Program expenditures will increase 4.7%; revenue climbs 2.2%. $3.6 billion of new investment in health care; $1.6 billion in education over… Read More

Mar. 23, 2018

Alberta Budget 2018-19 deficit at $8.8 billion, equivalent to ~18% of total revenue. Net debt-to-GDP ratio will increase to 8.7% fiscal 2019 vs 6% in 2018; 12.4% by 2020-21. Alberta will borrow $15.4 billion… Read More

Mar. 16, 2018

Canada Manitoba has introduced tax cuts effective January 1, 2019. Province will increase the personal basic exemption by $1,010 and another $1,010 in 2020. Plan raises the small business income tax threshold to $500,000… Read More

Mar. 9, 2018

Lt. Governor Lois Mitchell, Speech from the Throne – March 8, 2018 “We are stronger when we look out for each other.” Our jobs, our money are being transferred to the U.S. Bill 1,… Read More