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Liberals promise lower deficits as billions earmarked for housing, climate change
Finance Minister Chrystia Freeland’s second federal budget came with a promise of more fiscal restraint, acknowledging the government’s ability to spend is ‘not infinite.’ In the budget, billions of dollars have been allocated to tackle...
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Highlights of 2022 federal budget: housing affordability, greener economy
The Liberal government's first budget since the election features less spending than the previous pandemic budget, but still includes billions for housing, dental care, the environment and defence.
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NATO chief urges boost in defence spending
NATO Secretary General Jens Stoltenberg responded to questions about support for Ukraine, threats to the alliance and the need for a major increase in defence spending at a media briefing Tuesday. Here is some of what he said.
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Sri Lanka: Food, fuel shortages lead to protests as economic crisis bites
Why Sri Lanka's economic problems have led to people protesting in the streets.
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US gun violence: Five police officers shot in New York this year
US President Joe Biden has outlined new measures to tackle rising gun violence.
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Biden frustrated with Democrats' lack of movement on passing policies
'I'm not asking for castles in the sky,' U.S. President Joe Biden said Wednesday, admitting that though Americans 'overwhelmingly' support several of his policies, Democrats would need to break up his key 'Build Back Better' policy in...
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Real Estate Key to Closing Wealth Gap Even as Black Spending Power Hit $1.6 Trillion
Black spending power reached a record $1.6 Trillion in a 2021 report from the University of Georgia Selig Center for Economic Growth. Ayesha Selden, certified financial planner, breaks down why real estate is the key to closing the...
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What's driving up inflation?
CBC senior business reporter Jacqueline Hansen looks into what is fuelling inflation in Canada
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Consumers Dig Deeper Into Wallets as Retail Sales Rise Amid High Gas Prices
Retail sales grew 0.5 percent in March, largely being attributed to the rise in gas prices. Jharonne Martis, director of consumer research at Refinitiv, joined Cheddar News to discuss why consumer confidence has remained strong despite...
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Black Friday Faces Supply Challenges, But Shoppers Are Expected to Spend Anyway
Supply and shipping challenges are creating concerns for retailers this holiday season, but Cheddar's Michelle Castillo found shoppers spending anyway this Black Friday. She reports from the American Dream mall in East Rutherford, N.J.
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Frances Haugen: the EU has a 'once-in-a-generation opportunity' to regulate Facebook
"Democracies must step in and make new laws," the whistleblower told lawmakers in the European Parliament.
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How much new spending, revenue will be in budget 2022?
Parliamentary Budget Officer Yves Giroux provides an analysis of what could be in the federal government's budget.
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Canada expected to spend more than $300B on health care this year
COVID-19 resulted in 'the single-biggest increase in health spending' ever in Canada, according to the Canadian Institute for Health Information. The spending surge is expected to reach a record $308 billion in 2021.
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Facebook rebrands, reveals plan to focus on metaverse
With a bid to bring in younger users and distance itself from recent controversy, Facebook announced its new corporate name, Meta Platforms, and plans to create a virtual reality network known as a metaverse.
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'West has to keep Zelensky in Ukraine in fight against Putin,' says fmr. NATO Supreme Allied Commander of Europe
"The West has to do what's ever necessary to keep President Zelensky in Ukraine, in this fight against Mr. Putin." Former NATO Supreme Allied Commander of Europe Ret. General Wesley Clark says "this is about the rules-based international...
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How Robinhood Cash Card Fits With Gen Z Relationship to Money
Robinhood has released its newest debit card, called the Robinhood Cash Card, which allows users to invest spare change with a rounding up feature while spending money. Robinhood Chief Product Officer Aparna Chennapragada, joined Cheddar...
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Stocks Close Lower On Convers Over New COVID-19 Variant
U.S. markets were open for an abbreviated session on the day after Thanksgiving, and the day saw a market meltdown. The Dow dropped more than 900 points for its worst day of the year. Matt Orton, Chief Market Strategist at Carillon Tower...
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Ex-French President Sarkozy awaits verdict in second corruption trial
Former French President Nicolas Sarkozy is set to find out if he will be jailed for corruption.
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France: Sarkozy sentenced to year of house arrest
Former French President Nicolas Sarkozy has been sentenced to a year of house arrest, for corruption.
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Economists react to latest update to the government’s books
Economists Chris Ragan, Armine Yalnizyan and Mostafa Askari join Power & Politics to give their perspective on the government's fall economic statement.
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Democrats Look to Extend Child Tax Credit Program Through 2025
Congressional Democrats are looking to extend child tax credit payments through 2025 before the program expires at the end of the year. Joe Brusuelas, chief economist at RSM US, joined Cheddar to talk about the impact of the child tax...
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Grading the NDP platform's new spending and revenue-generating measures
Mostafa Askari, chief economist of the Institute of Fiscal Studies and Democracy at the University of Ottawa, joined Power & Politics Monday to evaluate the costing of the NDP platform's new spending and revenue-generating measures.
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Endorsements, health care and controversy on the campaign trail
Conservative Leader Erin O’Toole campaigned in Quebec and received the endorsement of former prime minister Brian Mulroney, Liberal Leader Justin Trudeau promoted his health-care plans in Nova Scotia, while NDP Leader Jagmeet Singh...
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NDP platform includes $215B in spending
The promises in the NDP platform would cost $215 billion, including $68 billion for universal pharmacare, dental care and mental health coverage, which would be largely paid for by a new wealth tax and corporate tax hikes.