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OC Transpo deficit forecasted to reach almost $47 million: report
The large shortfall is due to the fact that the city expected money from other levels of government that never appeared, according to a report to city council’s finance and corporate services committee.
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Can U.S. Sustain Debt Surge to 250% of GDP?
A study presented at the federal reserve's jackson hole conference suggested that the U.S. Could sustain a debt surge to 250 percent of GDP without causing interest rates to rise. However, the white paper added that’s possible only if...
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The Global Power Play: Trump, Tariffs & Trade Shifts
Tariffs are reshaping global trade dynamics, with the U.S. At the center of a high-stakes game of economic power. As President Trump’s tough stance continues, the focus is shifting from goods to services, with growing challenges from...
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Trump touts record tariff windfall
The US has seen a massive surge in tariff revenue, with $30 billion collected in July alone and total collections since April topping $100 billion. But behind the headline numbers, rising consumer prices and GDP risks are raising...
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Trump tariffs: US businesses brace for higher prices; tariff revenue soars 242% in a year
Trump tariffs: US businesses brace for higher prices; tariff revenue soars 242% in a year
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How CBRM is managing its tinder-dry conditions
Wells and reservoirs are getting low and municipalities are implementing conservation measures amid drought-like conditions. Kyle Moore has the story.
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How dry is it in Nova Scotia? Meteorologist Ryan Snoddon explains
The last time Nova Scotia had substantial rain across the province was in early June. CBC meteorologist Ryan Snoddon says our next chance of rain likely won't come until late next week.
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Trump slaps 50% tariff on Brazilian imports, US coffee prices set to soar
Donald Trump's 50% tariff on Brazilian goods hits US coffee lovers hardest, sparking backlash and raising political tension with Brazil.
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This Yellowknife music festival has a $274K deficit. Organizers think it can bounce back
Shrinking grants, rising costs, and a settlement against a former employee have hurt Folk on the Rocks' finances. But organizers believe the popular Yellowknife festival can recover.
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Freeland delivers long-awaited fiscal update
Federal Finance Minister Chrystia Freeland delivered the country's fiscal update. The Liberal government is preparing to spend up to $100 billion to kick-start the post-pandemic economy as it stares down a record-high deficit projection...
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Liberals confident about finances despite growing deficit
Finance Minister Bill Morneau said the government is confident in its financial situation despite a larger-than-expected deficit pointing to a growing economy in his fall update.
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Former Gov. Bill Weld Says He's Nearing Decision to Primary 'Borderline Unhinged' Trump
Bill Weld has not held public office since the 1990s. But the former Massachusetts governor is getting closer to mounting a challenge to President Trump ー as a Republican ー for the highest office in the land, he told Cheddar at South by...
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Liberals deepen federal deficit to compete with U.S.
The Fall Economic Statement delivers $17.6 billion in new spending over six years, about $16.5 billion of it in foregone revenue to boost Canadian business productivity.
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Italy in clash with European Commission over 2019 budget
Italy's new government proposed a 2019 budget with a deficit three times larger than the previous administration's target, setting up a clash with the European Commission and sparking a sell-off of state bonds. The government offered a...
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As U.S. Readies to Tax Chinese Imports, Worries of Impact on American Economy Looms Large
The United States and China are poised to hit goods that cross their borders with tariffs. But a trade war would likely hurt the American companies that President Trump is trying to protect and undermine the value of U.S. debt globally,...
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As U.S. Readies Chinese Import Tax, Worries of Economic Impact Loom Large
The United States and China are poised to hit goods that cross their respective borders with heavy tariffs. But a trade war would likely hurt the American companies that President Trump is trying to protect and undermine the value of...
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Has Trump’s fake news factory come to Canada?
From fake news to fake polls, it’s hard to tell what’s real these days. Now Canadian politics is having a faux moment amid the Ontario election.
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Trump admits he doesn't know key detail of U.S.-Canada trade relations
U.S. President Donald Trump admitted he didn't know a key detail regarding U.S.-Canada trade relations during a recent meeting with Prime Minister Justin Trudeau. During an event with political donors, Trump said he didn't know whether...
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Budget preview
Frances Donald of Manulife on what to look out for in Tuesday's federal budget
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Activists urge early deal on EU citizens rights
Activists and experts from the UK want the EU and Britain to protect citizens rights after Brexit. The 3 million group represents EU migrants living in the UK and it is headed up by Anne-Laure Donskoy. “We have seen a few job adverts...
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EU warns Macron over French budget deficit
The European Commissioner for Economic and Financial Affairs Pierre Moscovici has warned incoming French president Emmanuel Macron that he must work on getting its budget deficit permanently below 3.0 percent of the country’s gross...
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Trump unveils ambitious tax system overhaul
The Trump administration has proposed slashing tax rates for businesses and on overseas corporate profits returned to the US in an ambitious bid to boost the economy. If adopted, the plan would be the biggest overhaul to the tax system...
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Hollande’s economic record as mediocre as his presidency
When Francois Hollande and the Socialists returned to power in 2012 they promised an antidote to the free-borrowing and spending Nicolas Sarkozy, and economic policies that would revive the jobs market, among other things. Now heading...