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The balanced budget era is over. Now what? Between the tabling of the federal budget in April and the end of the parliamentary sitting in June, Conservative Erin O’Toole asked dozens of questions in the House of Commons and spoke thousands of words. Not one of those words was “deficit.” Social Sharing No party is going to go into the next election with a promise to eliminate the deficit Posted: Jul 25, 2021 7:00 AM ET | Last Updated: July 25 Conservative Leader Erin O'Toole's plan to balance the budget would take three majority terms in government to complete.(The Canadian Press/Justin ...

(Bloomberg) -- One big takeaway from Canadian economic data released this week has been the extent to which housing is driving the nation’s recovery from the pandemic. Another is how the economy remains heavily reliant on government help.

Transfers by government to households and companies remain elevated, even as they come off their peak pandemic levels

NDP demands federal wage-subsidy clawbacks, but critics question feasibility by Christopher Reynolds, The Canadian Press Posted May 22, 2021 6:05 am EDT Last Updated May 22, 2021 at 6:11 am EDT OTTAWA — The NDP is calling on the federal government to claw back pandemic wage subsidies handed to companies that took advantage of the cash to boost executive compensation, but economists say other paths to worker support may mark a more feasible route. In a May 13 letter to Finance Minister Chrystia Freeland, New Democrat Peter Julian said all publicly traded companies that received the Canada Em...

Christopher Reynolds NDP MP Peter Julian rises during Question Period in the House of Commons on Parliament Hill in Ottawa on Friday, Nov. 20, 2020. The NDP is calling on the federal government to claw back pandemic wage subsidies handed to companies that took advantage of the cash to boost executive compensation. THE CANADIAN PRESS/Justin Tang May 22, 2021 - 3:05 AM OTTAWA - The NDP is calling on the federal government to claw back pandemic wage subsidies handed to companies that took advantage of the cash to boost executive compensation, but economists say other ...