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Canadian News

Oil slump to kick $10B hole in provincial budgets: report
Low energy prices will deliver a $4.3-billion hit to federal revenue this year and cost the provinces nearly $10-billion, according to a new analysis by the Conference Board of Canada. The report also looks at which provinces will gain and which ones will suffer.
Posted on 1-20-2015 at 12:20 PM
Albertans reject sales tax to fill budget gap
Nearly three quarters of Albertans are opposed to a provincial sales tax to help fill the revenue gap left by falling oil prices, according to a new poll.
Posted on 1-20-2015 at 11:30 AM
Closing Report: TSX ends flat as oil and gas retreat limits gains

Canada's main stock index ended little changed on Monday as a decline in oil and gas stocks, fuelled by lower crude prices, offset gains in other sectors.

Posted on 1-19-2015 at 4:25 PM
Ottawa invokes rarely used law in 'Buy America' row with U.S.
The federal government will invoke a rarely used anti-sanctions law after Alaska refused to void Buy America purchasing rules in the rebuilding of a ferry terminal in B.C.
Posted on 1-19-2015 at 1:31 PM
Feds vow to move forward with income-splitting and balanced budget
As oil prices collapse, the Conservative government insists it has no plans to axe the family tax cuts it announced earlier this year, which are projected to cost $4.6 billion in 2015-2016.
Posted on 1-19-2015 at 7:32 AM
Watch: Andrew McCreath previews the week ahead
BNN commentator Andrew McCreath previews the trading week ahead, including key earnings from CP Rail and Morgan Stanley, as well as U.S. President Barack Obama's State of the Union address.
Posted on 1-16-2015 at 8:13 PM
Ottawa picks Irving to build Arctic patrol ships for $2.3B
The federal government has picked Nova Scotia's Irving Shipbuilding Inc to build at least five Arctic patrol ships for the country's navy for $2.3 billion and has increased the overall program's budget, government officials said on Friday.
Posted on 1-16-2015 at 4:14 PM
TSX ends week with triple-digit gain
Canada's main stock index rose nearly 2 percent on Friday as shares of oil and mining companies soared on the back of rebounding commodity prices.
Posted on 1-16-2015 at 4:00 PM

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