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James Orlando - Soft, hard or ‘bumpy’ landing? Gauging Canada’s odds of a recession - globalnews.ca - Canada - city Ottawa
globalnews.ca
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Soft, hard or ‘bumpy’ landing? Gauging Canada’s odds of a recession
Ottawa’s 2023 budget — will Canada’s previously roaring economy coast into a so-called “soft landing” as it slows, or tumble sharply into a recession?Ongoing calls from a chorus of economists predicting a recession to hit Canada in 2023 have come up against surprisingly strong economic data in the early part of the year, making the tea leaves of an economic downturn especially hard to read.A recession is a widespread decline in economic activity over a certain period of time – usually defined as two straight quarters of negative growth.Ottawa’s 2023 budget bases its economic forecast on a consensus of private sector economists.That document, released March 28, showed that economists’ place the odds of a recession higher than when they were last polled for the 2022 fall economic update.But if the economy is supposed to be slowing down right now, someone might want to tell the economy.January’s gross domestic product (GDP) figures outpaced initial estimates from Statistics Canada with 0.6 per cent growth, rebounding from the flat reading in the final quarter of 2022.Canada’s labour market meanwhile held tight with a 5.0 per cent unemployment rate through the first quarter of 2023. The country’s employers have been in a hiring mood as of late, with net 383,000 positions added since last September.
Mercedes Stephenson - Nova Scotia Shooting - RCMP ‘will be successful’ in laying more interference charges: interim chief - globalnews.ca - China - Canada - county Stephenson
globalnews.ca
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RCMP ‘will be successful’ in laying more interference charges: interim chief
RCMP says he would support additional laws that allow police to further crack down on foreign interference in Canada, as well as ways to further collaborate with intelligence officials on the issue.But Mike Duheme adds multiple investigations remain underway that he’s confident will lead to criminal charges, though he did not give specifics.“When you ask any police officers if we can have more laws — if we can have additional legislation that would ensure that it would assist us as we move forward, but also ensure the safety of the public and of Canadians — I’d say yes, I’m favorable for that and very supportive,” Duheme told Mercedes Stephenson in an interview that aired Sunday on The West Block. Read more: On foreign interference, Canada playing ‘whack-a-mole’ to China’s chess: expert He pointed to the case in November where a Hydro-Quebec employee was charged with alleged espionage on behalf of China as an example of a successful RCMP investigation into foreign interference.“We were successful in laying charges against this individual, and we have other files that are moving forward that we will be successful in laying charges,” said Duheme, who was previously deputy commissioner of federal policing and oversaw foreign interference investigations as part of his mandate.Duheme would not say if those charges were related to the alleged Chinese-operated “police stations” the RCMP says it is investigating in the Toronto, Vancouver and Montreal areas.He said those investigations are ongoing and urged anyone with information to reach out to investigators.
Chrystia Freeland - In Budget 2023, Liberals eye inflation relief ‘without having to write a big cheque’ - globalnews.ca - Canada - Eu - county Canadian
globalnews.ca
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In Budget 2023, Liberals eye inflation relief ‘without having to write a big cheque’
2023 federal budget sees the Liberal government shift its tact amid an uncertainty economy and Canadians in need of inflation relief, looking to save money in the near term with cost-free measures that flex its influence on areas where it can make a tangible impact.Finance Minister Chrystia Freeland unveiled the second budget of the Liberals’ current minority mandate on Tuesday and put the focus on both reining in spending while supporting Canadians who have been hit hard by high inflation and rising interest rates.“Our most vulnerable friends and neighbours are still feeling the bite of higher prices,” she said in a speech to Parliament on Tuesday afternoon, according to her prepared remarks.“And that is why our budget delivers targeted inflation relief to those who need it most.”The biggest line item on the affordability front is $2.5 billion in spending for a so-called “grocery rebate” aimed at lower-income households, as reported by Global News and others ahead of Tuesday’s budget release.The one-time rebate is expected to deliver $467 directly to a family of four, $234 to a single Canadian without kids and $225 to the average senior.An estimated 11 million Canadian households are expected to receive the boost via the GST tax credit mechanism, and it does not have to be spent on groceries.Other measures announced in the 2023 budget without costs attached are a plan to crackdown on so-called “junk fees” attached to concert tickets or baggage costs, for example, as well as plans to move towards an automatic tax filing system to ensure low-income Canadians take advantage of already available rebates.The federal government also announced plans in the budget to follow in the European Union’s footsteps towards a universal
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