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The news came as a surprise: Quebec now has a budget surplus. This is good news for a province that writes most of its budget in red ink. While this surplus is cause for celebration, already many commentators have proposed that it be "re-invested." Re-investment, of course, is code for more spending.
Driving in Montreal has become a serious headache -- although that may be what some politicians and activists want, judging by a recent report from the Office de consultation publique de Montréal calling for a drastic reduction in parking spots to make driving... even less attractive and efficient in Montreal.
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Despite predictions that Canada is headed for recession, Quebec is in a good position to withstand the economic turbulence because of lower oil prices and a dropping dollar, Finance Minister Carlos Leitao said Friday.
Largely overlooked in the shale gas debate that has taken place in Quebec in recent years between industry proponents and environmentalist groups were the farmers who might have benefited from having natural gas wells on their land.
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Hydro-Québec indirectly subsidizes the wind power sector to the tune of $695 million a year, which amounts to some $200 per Quebec household to produce a tiny fraction of the province's energy. With an estimated 40 billion barrels of oil, developing this resource would provide a minimum of $160 million a year in royalties for the Quebec treasury over 30 years.
MONTREAL - National Bank of Canada expects economic conditions will improve this year in Central Canada as consumers get some breathing room from lower interest rates and fuel prices."We estimate that...
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SEPT-ÎLES, Que. — The scenario is common: The men leave to work on a job site, and the women stay home with the kids. The men return after a few days or a few weeks, completely exhausted, but so are t...
While the government has talked the talk on taxes, it has yet to walk the walk. In fact, the fiscal update announced additional tax increases including plans to levy a temporary (until 2017) increase to payroll taxes on financial institutions such as banks and credit unions. Quebec's fiscal problems run deep so small fixes won't cut it. More fundamental reform is needed to put Quebec on the right fiscal track.
As the saying goes, the first step is overcoming denial and the premier's recent comments suggest he understands the magnitude of Quebec's fiscal problems. The next step requires a bold plan to rein in government debt and improve tax competitiveness. The upcoming budget is a chance to move the province forward.
Premier-elect Couillard has pledged to "put Quebec back on the path to prosperity." As well he should. Quebec was once an opportunity-based culture, prosperous and a net contributor to Confederation. Quebec's future could once again resemble its laudable past.
Parti Quebecois leader Pauline Marois recently suggested that an independent Quebec would keep the Canadian dollar, and would try to keep a seat on the Bank of Canada. It was seen as a move designed t...
This just in: Both in France and in Quebec, the law of gravity holds! As does mathematical reality. Here as there, politicians are just now discovering a fact that some of us have been tirelessly repeating for years: Too much tax kills tax. In France, after having continually raised taxes, politicians are realizing that they have hit a wall.
Over the years, Quebec has earned a reputation as being hostile to business due to persistent anti-business policies. As a consequence, Montreal has declined as a hub for major corporate headquarters. With a lower concentration of large corporate headquarters, the city loses out on many economic benefits. The government of Quebec should take seriously the long term decline of Montreal as a major corporate hub.
The regional disparities in Canada’s economy continue to widen, with resource-rich provinces outgrowing the rest of the country by leaps and bounds, new data from Statistics Canada shows. StatsCan’s p...