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Budget 2022: Ottawa unveils $2.6B carbon capture tax credit for energy sector
CALGARY — Ottawa is urging oil and gas companies to move quickly to take advantage of a major new tax credit for carbon capture and storage — a pricey technology that proponents say could play an important role in reducing this country's greenhouse g
Apr 7, 2022 7:13 PM
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Budget 2022: Ottawa raising taxes on big banks and life insurance companies
Ottawa is raising taxes on Canada’s big banks and life insurance companies.
Apr 7, 2022 6:49 PM
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Medicare weighs premium cut after limiting Alzheimer's drug
WASHINGTON (AP) — Medicare said Thursday it's considering a cut in enrollee premiums, after officials stuck with an earlier decision to sharply limit coverage for a pricey new Alzheimer's drug projected to drive up program costs.
Apr 7, 2022 6:16 PM
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Budget 2022: Feds create new tax-free account for first-time homebuyers
OTTAWA — Canadians looking to save a down payment to buy their first home will have a new tax-free savings account to use starting next year.
Apr 7, 2022 5:51 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (21,834.89, up 46.29 points.) Athabasca Oil Corp. (TSX:ATH). Energy. Up five cents, or 2.5 per cent, to $2.04 on 32.7 million shares.
Apr 7, 2022 5:37 PM
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Canadian banks hit with tax hike in federal budget, worry about competitiveness
TORONTO — The federal budget tabled Thursday includes a smaller-than-expected tax hike for financial institutions, but bank CEOs say a corporate tax rate increase will hurt Canada's competitiveness on the global stage. Thegovernmentannounced a 1.
Apr 7, 2022 5:30 PM
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N.L. budget forecasts $351-million deficit, drop in oil revenues
ST. JOHN'S, N.L. — Newfoundland and Labrador forecast a $351-million deficit in its budget tabled on Thursday, projecting a significant drop in oil royalties for the 2022-23 fiscal year at a time when oil prices are skyrocketing.
Apr 7, 2022 4:59 PM
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S&P/TSX composite reverses early losses to edge higher ahead of budget release
TORONTO — Canada's main stock index reversed early losses to edge higher Thursday as the materials and energy sectors strengthened ahead of the afternoon release of the federal budget. The S&P/TSX composite index closed up 46.29 points to 21,834.
Apr 7, 2022 4:48 PM
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RBC CEO says 'orderly transition' to net-zero crucial amid criticism of climate plan
TORONTO — Royal Bank of Canada's chief executive officer said Thursday that an "orderly transition" to a net-zero economy is crucial, as he faced questions about the bank's climate strategy and ongoing financing of fossil fuels during its annual shar
Apr 7, 2022 4:25 PM
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Lynx Air launches maiden voyage, joining the low-cost carrier dogfight
Lynx Air made its inaugural flight Thursday, marking the latest entrant into Canada's increasingly crowded budget airline market.
Apr 7, 2022 4:17 PM
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