Vintners and brewers thrilled with supports in Ontario budget
The province is set to launch the Ontario Grape Support program that will double the percentage of Ontario grapes in blended wine.
Wine Growers Ontario says the program will be a boon to wineries and grape farmers because blended wine is a safety net for the industry as it uses much hardier crops.
The province is also providing relief to microbreweries by cutting the microbrew tax rate and the Liquor Control Board of Ontario mark-up rate by 50 per cent each.
Ontario Craft Brewers says the tax cuts are a game changer for its members.
Finance Minister Peter Bethlenfalvy says the changes will help grow the craft beer and wine industries across the province.
This report by The Canadian Press was first published May 20, 2025.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Winnipeg Free Press
19 hours ago
- Winnipeg Free Press
S&P/TSX composite rises Friday morning, U.S. markets also higher
TORONTO – Gains in technology stocks helped lift Canada's main stock index in late-morning trading on Friday, while U.S. markets also rose. The S&P/TSX composite index was up 59.05 points at 27,431.31. In New York, the Dow Jones industrial average was up 99.67 points at 44,793.58. The S&P 500 index was up 16.59 points at 6,379.94, while the Nasdaq composite was up 42.59 points at 21,100.55. The Canadian dollar traded for 72.97 cents US compared with 73.37 cents US on Thursday. The September crude oil contract was down 42 cents US at US$65.61 per barrel. The August gold contract was down US$40.00 at US$3,333.50 an ounce. Monday Mornings The latest local business news and a lookahead to the coming week. This report by The Canadian Press was first published July 25, 2025. Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
CTV News
19 hours ago
- CTV News
S&P/TSX composite rises Friday morning, U.S. markets also higher
People walk in the financial district of Toronto on Friday, Sept. 8, 2023. THE CANADIAN PRESS/Andrew Lahodynskyj TORONTO — Gains in technology stocks helped lift Canada's main stock index in late-morning trading on Friday, while U.S. markets also rose. The S&P/TSX composite index was up 59.05 points at 27,431.31. In New York, the Dow Jones industrial average was up 99.67 points at 44,793.58. The S&P 500 index was up 16.59 points at 6,379.94, while the Nasdaq composite was up 42.59 points at 21,100.55. The Canadian dollar traded for 72.97 cents US compared with 73.37 cents US on Thursday. The September crude oil contract was down 42 cents US at US$65.61 per barrel. The August gold contract was down US$40.00 at US$3,333.50 an ounce. --- This report by The Canadian Press was first published July 25, 2025.
Winnipeg Free Press
20 hours ago
- Winnipeg Free Press
Federal government posts $6.5 billion deficit in April, May
The federal government posted a $6.5 billion deficit in the first two months of the fiscal year. The result for the April-to-May period compared with a $3.8 billion deficit for the same stretch last year. Revenues increased $26 million, virtually unchanged from the prior year, as increases in customs import duties and pollution pricing proceeds to be returned to Canadians were largely offset by a decrease in revenues from corporate income and goods and services taxes. The Finance Department says program expenses excluding net actuarial losses rose $2.9 billion, or four per cent. Public debt charges increased $400 million, or 3.8 per cent, due to an increase in the stock of marketable bonds and higher consumer price index adjustments on real return bonds. Monday Mornings The latest local business news and a lookahead to the coming week. Net actuarial losses fell $600 million, or 46.8 per cent. This report by The Canadian Press was first published July 25, 2025.
