In the speech from the throne delivered on September 23, 2020, the federal government announced the extension of the Canada Emergency Wage Subsidy (CEWS) into the summer of 2021. The throne speech was delivered by Gov. Gen. Julie Payette, on… Read more »
2019 Economic Review & 2020 Forecast
Canadian stocks are soaring, while the economy is expected to reach slowest pace in a decade. The National Bank of Canada reports investor optimism for a pro-growth agenda on the horizon at the end of 2019, despite the effects of… Read more »
USMCA Trade Deal Reached After Year of Intense Negotiations
Details about the newly renegotiated United States-Mexico-Canada Agreement (USMCA) have been released. This proposal, if ratified, will address disputes in the Canadian automotive and agricultural sectors, the cost of generic drugs in Canada, and online eCommerce. It does not currently address… Read more »
Ontario Budget 2018 Highlights
The Ontario 2018 Budget, tabled on March 28, 2018, projects a growing deficit over the next three years and is predicted to resume a downward trend in 2022 with accumulated deficit expected to decline from 23.2% of gross domestic product… Read more »
Spring 2017 Newsletter- Canadian Business Growth and Innovation Funding
In our most recent Newsletter, we examine the performance of the Canadian economy, while comparing economic performance between provinces and the investments that each government has set aside to encourage business growth and innovation. Provinces have proposed a variety of solutions… Read more »
Federal Budget 2017 Highlights
Federal Finance Minister Bill Morneau’s second budget, tabled on March 22, 2017, forecasted an increase in the 2017-2018 deficit from $25.4B (projected in the fall) to $28.5B. Deficits are expected to decline gradually to $18.8 billion by 2021-2022. There were no… Read more »
Federal Budget 2016
The federal budget released on March 22, 2016 has made several changes that affect Canadian businesses, including announcements related to government funding programs and adjustments to the Small Business Deduction for Canadian-Controlled Private Corporations (CCPCs). Pertinent announcements are summarized below: Reduced Small… Read more »
Update of Federal Economic and Fiscal Projections
On Friday November 20, 2015, Federal Finance Minister Bill Morneau released an Update of Economic and Fiscal Projections which placed an emphasis on providing a realistic, sustainable, prudent and transparent fiscal management approach. The 2015 update reassesses the forecasts presented… Read more »
The 2015 Federal Economic Action Plan Supports Advanced Research Funding
In the 2015 Economic Action Plan, the Government of Canada prioritizes funding to foster advanced research within the nation, especially in the sector of advanced manufacturing. Over a six-year time frame, the Canadian Foundation for Innovation will receive $100 million… Read more »