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Saskatchewan budget projects $2.6 billion deficit this year, no balance until 2026-27


Saskatchewan budget projects $2.6 billion deficit this year, no balance until 2026-27
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The Saskatchewan Provincial Budget was dropped Tuesday, with an anticipated $2.6 Billion deficit along with it.
In the province’s budget address, it was announced that the Government, on this plan, would see a balanced budget in 2026-27, with the deficit being lowered in increments through that time. The increments include deficits of $1.7 billion in 2022-23, $1.2 billion in 2023-24, and $770 million in 2024-25.  A return to balance is expected in 2026-27.
In total, revenue would be up to $14.5 Billion, up 6.1 per cent from the original budget. However, the expense is up 6.3 per cent to $17.1 billion from the 2020-21 budget. ....

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Rising bond yields erode Ottawa's hopes of cheap debt


Weeks before first pandemic-era federal budget, Ottawa’s hopes of cheap debt erode
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Sean Kilpatrick/The Canadian Press
Since the early days of the pandemic, the federal Liberal government has pointed to rock-bottom interest rates as a key reason why their spend-in-all-directions fiscal approach will not drive Canada into a debt wall.
In the fall economic statement, the Liberals asserted that its pandemic debts would be affordable, citing the precipitous decline in yields for the government’s 10-year bonds, a gauge not only of Ottawa’s borrowing costs, but also of the credit market’s belief that economic growth and inflation would be lukewarm for years to come. ....

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Which credit cards offer the best cash rewards for COVID-era spending?


Which credit cards offer the best cash rewards for COVID-era spending?
Best Cash Reward Credit Cards
WABC
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NEW YORK (WABC) When it comes to choosing a credit card, there is really no one size fits all. But nowadays, everyone wants cards offering the most rewards.
So which are the best reward credit cards as our spending habits change in this age of COVID?
Gas and groceries are two staples that everyone needs during the pandemic, and the card that offers the best deal on both is American Express s Blue Cash Preferred.
It offers a whopping 6% cash back on groceries, up to $6,000 per year. That means if you max out, you ll get $360 in rewards. ....

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