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What to expect in the 2022 federal budget

Les chantiers dispendieux de Justin

Les chantiers dispendieux de Justin
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As Canada s federal and provincial budgets swell, sales-tax increases may follow

As Canada’s federal and provincial budgets swell, sales-tax increases may follow Erica Alini © Provided by Global News Minister of Finance Chrystia Freeland walks to a news conference before delivering the federal budget in Ottawa, Monday April 19, 2021. Canada s provincial and federal government debt has ballooned during the COVID-19 pandemic, as it has for governments around the world, as they cope with both the costs of a health emergency and the need to use taxpayer dollars to prop up their economies. But in Canada, some of the new public spending will settle at a permanently higher level or resume an upward trend once life goes back to normal, some economists say.

CPAC Special: Budget 2021 – Analysis from Economist Mostafa Askari

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Businesses are sitting on record $130B in excess cash, but will they invest it coming out of the pandemic?

Article content Canadian businesses are sitting on a record cash pile, but whether and how they spend it may determine the shape of the post-pandemic recovery, according to a recent report from the Canadian Imperial Bank of Commerce. In the report, CIBC deputy chief economist Benjamin Tal estimated that businesses are currently sitting on $130 billion in excess cash, a level “above and beyond” what would have been the case without the pandemic. We apologize, but this video has failed to load. Try refreshing your browser. Businesses are sitting on record $130B in excess cash, but will they invest it coming out of the pandemic? Back to video

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