Latest news with #CraigLord
Yahoo
5 days ago
- Business
- Yahoo
Unionized Canada Post workers to vote on deal starting July 21
OTTAWA — Unionized Canada Post workers will get a chance to vote directly on the employers' offer for a new collective agreement starting on Monday. The Canadian Industrial Relations Board will run the vote between July 21 to August 1. Canada Post has been at an impasse with the union representing roughly 55,000 postal service workers for months. Federal Jobs Minister Patty Hajdu last month asked the Canada Industrial Relations Board to step in and put the Crown corporation's latest offer to a vote from workers themselves. That deal would see wage hikes for postal workers as well as changes aimed at rolling out seven-day-a-week delivery — a move Canada Post argues is critical for its struggling business. The Canadian Union of Postal Workers has urged members to vote no on the proposal and has instituted a national ban on overtime while it pushes for a better deal. This report by The Canadian Press was first published July 17, 2025. Craig Lord, The Canadian Press Sign in to access your portfolio
CTV News
10-07-2025
- Business
- CTV News
Canada Infrastructure Bank set to fall well short of 2028 investment target: PBO
Power transmission lines are seen with the Rocky Mountains in the background near Pincher Creek, Alta., on Thursday, June 6, 2024. THE CANADIAN PRESS/Jeff McIntosh OTTAWA — Parliament's fiscal watchdog says the Canada Infrastructure Bank is more than $20 billion short of its investment targets for the coming years. In a new report, the Office of the Parliamentary Budget Officer says the infrastructure bank is on track to disburse $14.9 billion by 2027/28 — well below its $35-billion goal. That sum is also $1 billion lower than earlier PBO projections from 2021. The bank invests alongside private and public sector partners to help get green energy and other infrastructure projects off the ground in Canada. The report says the infrastructure bank has already hit its goal of investing $1 billion in Indigenous-led projects. The infrastructure bank also has sector-specific investment goals for five priority areas, but the PBO says the Crown corporation is not on track to meet any of those targets either. --- Craig Lord, The Canadian Press This report by The Canadian Press was first published July 10, 2025.
Yahoo
10-07-2025
- Business
- Yahoo
Canada Infrastructure Bank set to fall well short of 2028 investment target: PBO
OTTAWA — Parliament's fiscal watchdog says the Canada Infrastructure Bank is more than $20 billion short of its investment targets for the coming years. In a new report, the Office of the Parliamentary Budget Officer says the infrastructure bank is on track to disburse $14.9 billion by 2027/28 — well below its $35-billion goal. That sum is also $1 billion lower than earlier PBO projections from 2021. The bank invests alongside private and public sector partners to help get green energy and other infrastructure projects off the ground in Canada. The report says the infrastructure bank has already hit its goal of investing $1 billion in Indigenous-led projects. The infrastructure bank also has sector-specific investment goals for five priority areas, but the PBO says the Crown corporation is not on track to meet any of those targets either. This report by The Canadian Press was first published July 10, 2025. Craig Lord, The Canadian Press
CTV News
11-06-2025
- Business
- CTV News
Ottawa's GST rebate on new homes would save typical 1st-time buyer $27K: PBO
Houses for sale in a new subdivision in Airdrie, Alta., on Friday, Jan. 28, 2022. THE CANADIAN PRESS/Jeff McIntosh OTTAWA — The parliamentary budget officer says Ottawa's plan to slash the sales tax on housing would save an eligible first-time homebuyer an average of roughly $27,000 off the price of a newly built home. The federal government's fiscal watchdog predicts in a new analysis that a little over 71,000 new builds will quality for GST relief over the lifetime of the program. The proposal would see the federal portion of the sales tax eliminated on a new home worth up to $1 million if it's bought by a qualifying first-time homebuyer. The GST rebate would be phased down as the price of the home approaches $1.5 million. The PBO forecasts the program will cost $1.9 billion over six years, while the federal government has pegged the price tag closer to $3.9 billion. The GST rebate, which is not yet law, was included in the Liberals' spring election platform as a way to help Canadians break into the housing market. This report by The Canadian Press was first published June 11, 2025. Craig Lord, The Canadian Press
CTV News
11-06-2025
- Business
- CTV News
Ottawa's GST rebate on new homes would save typical 1st-time buyer $27K: PBO
Houses for sale in a new subdivision in Airdrie, Alta., on Friday, Jan. 28, 2022. THE CANADIAN PRESS/Jeff McIntosh OTTAWA — The parliamentary budget officer says Ottawa's plan to slash the sales tax on housing would save an eligible first-time homebuyer an average of roughly $27,000 off the price of a newly built home. The federal government's fiscal watchdog predicts in a new analysis that a little over 71,000 new builds will quality for GST relief over the lifetime of the program. The proposal would see the federal portion of the sales tax eliminated on a new home worth up to $1 million if it's bought by a qualifying first-time homebuyer. The GST rebate would be phased down as the price of the home approaches $1.5 million. The PBO forecasts the program will cost $1.9 billion over six years, while the federal government has pegged the price tag closer to $3.9 billion. The GST rebate, which is not yet law, was included in the Liberals' spring election platform as a way to help Canadians break into the housing market. This report by The Canadian Press was first published June 11, 2025. Craig Lord, The Canadian Press
