Category: Chrystia Freeland

GiveSendGo Says No Credit Card Info Leaked or Money Stolen in Freedom Convoy Crowdfunding Hack

GiveSendGo says no credit card information was leaked and no money was stolen after its website, which contains a fundraiser for the Freedom Convoy, was recently hacked and names of donors were made public. “GiveSendGo has a dedicated team aggressively focused on identifying these malicious actors and pursuing actions against their cybercrime,” said the company…


Canada Regulating Crowdfunding Platforms, Cryptocurrencies Under the Terrorist Financing Act

The Canadian federal government is now regulating crowdfunding platforms and cryptocurrencies under the Terrorist Financing Act, Deputy Prime Minister Chrystia Freeland announced on Monday. Freeland announced the measures at a press conference, shortly after Prime Minister Justin Trudeau declared a state of emergency due to the ongoing protests against COVID-19 mandates and restrictions by truckers…


Canada’s Finances: Soaring Expenditures Worsen Winter Chill

Commentary It’s not just the recent blast of winter giving me chills as 2021 comes to a close. The political manoeuvring being done in Ottawa as the fall parliamentary session came to a close is sending outright shivers up my spine, particularly when it comes to the nation’s finances. While Finance Minister Chrystia Freeland was…


Highlights From Finance Minister Chrystia Freeland’s Fall Economic Statement

OTTAWA—Finance Minister Chrystia Freeland released a fall economic statement today that outlined a better-than-expected economic rebound, but also billions more in spending, including on the response to the Omicron variant of COVID-19. Here are some other measures outlined in the fiscal update. Immigration backlogs The federal government plans to put $85 million into plowing through…


Liberals’ Wage Subsidy Extension to Push Program Costs to $107 Billion, PBO Says

OTTAWA—The parliamentary budget officer says the federal government’s plan to extend its wage subsidy will push the overall price for the program to almost $106.7 billion. The budget officer’s report released this morning estimates that the majority, about $4.8 billion, in subsidies will flow to businesses that continue to see a steep, and persistent drop…


MPs on Finance Committee Ready for Review of Liberals’ Latest Pandemic Aid Package

OTTAWA—Opposition MPs are getting ready to review the Liberals’ latest package of pandemic aid and grill Finance Minister Chrystia Freeland about myriad economic issues. The 12-member House of Commons finance committee is scheduled to meet Monday to move the aid bill closer to a final vote before MPs leave on their holiday break in two…


Extended Federal Pandemic Benefits to Cost $873 Million: PBO

The federal government’s proposal to extend both pandemic sickness and caregiving benefits into next spring will come with a price tag of about $863.6 million, the Parliamentary Budget Officer (PBO) estimates. On Nov. 24, Deputy Prime Minister and Finance Minister Chrystia Freeland announced that the federal government plans to prolong the Canada Recovery Sickness Benefit…


With Hours Before Deadline, Liberals Reshape Pandemic Aid to Businesses, Workers

OTTAWA—Finance Minister Chrystia Freeland says the federal government is reshaping a suite of pandemic aid programs for businesses and individuals starting this weekend. The federal wage and rent subsidies are scheduled to expire on Saturday, along with benefits for some unemployed workers. Freeland says the measures were always designed to be temporary to get through…


Trudeau Defends Freeland’s O’Toole Video After Twitter Labels it ‘Manipulated Media’

Liberal Leader Justin Trudeau is defending a video posted by Deputy Prime Minister Chrystia Freeland that took aim at Conservative Party Leader Erin O’Toole’s position on universal health care, after it was flagged by Twitter as “manipulated media.” In a campaign stop on Monday, Trudeau defended the video, which accuses O’Toole of “considering privatizing the health…


Feds Extend Business, Worker Aid to End of October

OTTAWA—The federal government is tapping the brakes on its plans to phase out pandemic aid programs this summer, deciding instead to freeze benefits at current levels and extend help by an extra month beyond the previously planned end date. The decision means that wage and rent subsidies for businesses, and income support for workers out…