It would have been bigger if not for the Conservatives’ sale of GM shares, and a surge in personal tax revenue linked to the Liberals’ tax hike on the rich.
The double-digit deficit figure wasn’t a surprise since the Trudeau government has pledged to run deficits over the coming years as it tries to boost the economy through infrastructure investments and larger child benefits.
CBC News obtained a copy of the report, which says, “despite its past and current record of achievement, the institution is on the verge of unsustainability.”
“It’s the one thing I would say we’re the most cautious about,” Poloz told host Chris Hall during an interview Wednesday in a boardroom at the recently renovated Bank of Canada headquarters kitty-corner from Parliament Hill.
But those hoping for a simple answer on the trajectory of future interest rates have every reason to remain unnerved.
He said the trade action is not targeted at customers or countries, but at fair trade. Boeing has 2,000 direct employees in Canada and hundreds of suppliers that allow it to contribute $4 billion a year to the Canadian economy.
Senate employees have been paid through the Phoenix system since April 2016. At the same time, the payroll program was also rolled out to dozens of other government departments and agencies. Since then thousands of public servants have been improperly paid.
“The agreement announced today is a positive step toward the future and development of tourism in Quebec, since it will make it possible to adapt the taxation system to the new collaborative and digital economy,” Julie Boulet, the province’s tourism minister, said in a statement.
Some of the world’s cleverest people, including Tesla and SpaceX boss Elon Musk and physicist Stephen Hawking, have warned us that artificial intelligence could wipe humanity as we know it off the face of the Earth. The question is: “What are we going to do about it?”