British Columbia's finance minister Katrine Conroy says increasing the deficit in today's provincial budget is the right path to take in order to allow the government to provide needed services to people.
British Columbia's New Democrat government says it plans to put this year's projected budget surplus of almost $6 billion to work helping families and businesses as an economic slowdown looms and extra dollars are expected to dry up.
In his latest economic and fiscal outlook, budget watchdog Yves Giroux says he expects the Bank of Canada to raise its key interest rate to four per cent by the end of the year, a move which is in line with financial markets' expectations.
The main export system for Western Canada's oil production is recovering after volumes fell by less than feared amid the COVID-19 economic slowdown in the second quarter, pipeline company Enbridge Inc. reported on Wednesday, July 29, 2020.
The share of recent immigrants of prime working age who had employment reached a new high last year, even though Canada has been opening its doors to more newcomers than ever before, according to an internal federal analysis.