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The question we should be asking is: How can we create the best conditions for Atlantic Canadian entrepreneurs to create jobs and wealth? My approach is not to impose Ottawa's will on the provinces, but rather to reform the equalization program so that it provides the right incentives for economic development. I will respect the provinces and our Constitution.
Before using the threat of equalization payments as a "poke in the ribs" to provinces such as British Columbia and Quebec, perhaps the petroleum industry should rethink its own dependency on subsidies. It should be aware that it, too, is vulnerable to budgetary policy.
Industry group says it's just trying to "push buttons."
The party says it wants all Canadians to get a fair shake.
The finance minister said infrastructure investments could help Alberta as oil prices fall.
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Alberta and Saskatchewan, despite being hit by oil prices, will continue to pay into the program as "have" provinces.
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Western Canada's oil price nightmare could have a significant financial impact on provinces with little or no oil wealth, a University of Alberta economics professor says. That's because the massive...
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"If you can't deal with some of these issues in a federal election, then when can you? So on this issue I don't agree with the prime minister.''
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Ontario, as with many governments, is lucky its debt interest payments are not substantially higher given its almost doubled debt. That has everything to do with historically low interest rates. But luck is not a long-term strategy for governments -- at least not ones that prefer prudence over accidental fiscal offerings.
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By placing bans and moratoria on fracking, governments in Nova Scotia and New Brunswick have essentially stopped pursuing socially and environmentally responsible onshore natural resource development, even though jobs and extra tax revenues are sorely needed in the region.
New Brunswick Premier Brian Gallant seems poised to follow through on a campaign promise to institute a moratorium on hydraulic fracturing. News reports suggest he'll implement that moratorium before Christmas. Quite a lump of coal for the people of his province in need of additional jobs and higher incomes.
TORONTO - The federal government says Ontario will receive an additional $1.25 billion in transfers from Ottawa next year.Federal Finance Minister Joe Oliver says the province will receive more than $...
Bob Rae and Kathleen Wynne are hardly the only (former and current) politicians to engage in storytelling. Politicians of every partisan stripe do the same thing. But while stories are useful and guide us in a variety of beneficial ways, the rational side of human nature should revisit tales now and then, especially political ones. That leads to better, smarter government. Ontario is no exception.
Ontario Finance Minister Charles Sousa complained on Thursday that the federal government underfunds Ontario. The complaint is part of a political effort by some Ontario politicians and others to distract Ontarians from the real issue: made-in-Ontario policy that is killing investment and jobs in that province and creating massive provincial deficits.