The Department of Foreign Affairs has spent over $139,000 on Canadian diplomats buying tickets to concert, gala, or other events abroad since 2019, according to newly released federal records. The department wrote in an Inquiry of Ministry recently tabled in the House of Commons that since May 1, 2019, diplomats have spent $139,114 on tickets to…
Canadian Diplomats Spent Over $139,000 on Concert and Gala Tickets Since 2019: Records
Ottawa Grants Itself Extraordinary Powers to Prepare for ‘Potential’ Bank Runs
April 29, 2023
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Bank scares in the United States and Switzerland have prompted the federal government to grant itself extraordinary powers to stem any financial panic in Canada, a parliamentary committee heard on April 27. Testifying before the Standing Committee on Finance, Rachel Grasham, a senior director with the federal finance department said those powers will be used…
Feds Emailed Blacklist of Freedom Convoy Supporters to Foreign Banks: Inquiry of Ministry
A federal blacklist of over 200 trucking companies that employed individuals supportive of the Freedom Convoy was emailed from a federal department to Canadian officers of a number of foreign banks, one of which was headquartered in Beijing, records show. In a response to a question by Conservative MP Arnold Viersen, the Public Safety Department wrote in…
John Robson: What I Would Do to Fix the Budget Process if I Were Finance Minister
March 13, 2023
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Commentary When I read that Canada’s next federal budget would land on March 28 I thought “Oh great, that’s all we need.” Especially since Finance Minister Chrystia Freeland supposedly “reaffirmed the government’s commitment to ‘prudent fiscal management,’” and when this administration promises to “continue” something you know it’s not happening. But striving to remain positive…
Freeland Touts Opportunities of US Inflation Reduction Act at Ministers’ Meeting
The two big spending pressures on the federal government right now are health care and the global transition to a clean economy, Deputy Prime Minister and Finance Minister Chrystia Freeland said Friday. After hosting an in-person meeting with the provincial and territorial finance ministers, Freeland said U.S. President Joe Biden’s Inflation Reduction Act, which includes…
Some Government Spending Items Will be Cut if There’s ‘Less Fiscal Room’ in 2023, Freeland Says
January 25, 2023
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Some federal government spending items outlined in this year’s budget and the 2022 Fall Economic Statement could be cut if economic pressures bring about “less fiscal room,” says Finance Minister Chrystia Freeland. Freeland made the comments at a press conference on Jan. 24 in Hamilton, Ont., where she is attending the Liberals’ post-holiday cabinet retreat,…
Cheques Make a Comeback as Small Businesses Look to Avoid High Credit Card Transaction Fees: Bank of Canada
January 7, 2023
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The paper cheque is gaining back its popularity among small businesses as they look to offer more payment options to avoid the high transaction fees that come with accepting credit cards, according to a study by the Bank of Canada. “Merchants mentioned accepting a wider range of payment methods because they need to make sales…
On Government Debt and Inflation, Freeland Continues to Mislead
June 30, 2022
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Commentary Recently, federal Finance Minister Chrystia Freeland commented on Canada’s inflation challenges and the federal budget. Unfortunately, many of these statements were misleading, with Freeland doubling down on the Trudeau government’s approach to fiscal policy. Responding to questions about the government’s approach to addressing inflation, Freeland repeated the claim that the latest federal budget was…
Highlights From Finance Minister Chrystia Freeland’s Fall Economic Statement
December 14, 2021
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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
December 9, 2021
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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…
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