Low-income Albertans and those with student debt are set to receive support from today’s federal fiscal update.
But while Ottawa’s deficit is declining – actually benefitting from inflation – the government is offering little in terms of new spending.
“Lots of people rely on bursaries and scholarships and everything like that in order to even get to secondary,” said fellow U of C student Mason Dyrkach.“This is monumental news and a monumental investment for students across Canada,” said Christian Fotang, chair of the Canadian Alliance of Student Associations.
Canada’s forecasted deficit now sits at $36.4 billion this year, but a possible recession could increase that to $49 billion. Affordability measures for low-income Canadians total slightly more than $6 billion, and clean-energy investments aim to improve affordability and labour shortages.“We would have liked to have seen some sort of relief addressed in terms of higher energy costs or helping them offset higher labour costs because that’s certainly something that small businesses are very concerned about,” said Deborah Yedlin, Calgary Chamber president and CEO.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How low diesel supply in the U.S. could affect CanadaA low supply of diesel in the United States could have spillover effects here in Canada in the form of higher prices, experts predict.
Read more »
Freeland introduces mini-budget that promises support for low-income workers, students | CBC NewsFinance Minister Chrystia Freeland tabled her fall economic statement Thursday — a roadmap of what's to come from the federal government as the economy stands on the brink of a recession.
Read more »
Aurinia stock sinks to three-year low as B.C. biotech cuts sales forecast for lupus drugB.C. company’s stock crashes 30 per cent as patient adds fall short of projections
Read more »
Toronto worker blows whistle over low wages and immediately loses jobA former employee at a Canada Goose manufacturing facility near Toronto is trying to raise awareness about working conditions after posting a TikTo...
Read more »
Toronto home sales down as new listings reach low not seen since Oct. 2010: TRREB - BNN BloombergA slump in Toronto home sales deepened last month with half the number of transactions compared with a year earlier and new listings dropping to a level not seen in more than a decade.
Read more »
Toronto home sales down as new listings reach low not seen since October 2010: TRREB - Toronto | Globalnews.caThe continued cooling of the once-scorching market was evident in October sales, which dropped by 49.1 per cent year over year to 4,961, and was little changed from September.
Read more »