Canadian Prime Minister Justin Trudeau. File
Gulf Today Report
Canadian government presents its fiscal plan that would be outlining the country’s recovery plan as virus infection soar.
The 2021 budget is the first from Prime Minister Justin Trudeau’s administration, it is expected to put funds into childcare, wage subsidies and other pandemic recovery measures.
Finance Minister Chrystia Freeland has promised Ottawa "will continue to do whatever it takes" to fight the spread of the coronavirus and support the economy as it emerges from a recession.
Last month she informed the parliament about the administration’s plan for jobs and robust growth.
Critics have warned against piling on too much debt, after Ottawa's budget deficit exploded over the past year to an estimated Can$382 billion (US$305 billion), according to an update issued in November.
The government would set aside funding for health care, support for households, firms and vulnerable groups.
Funding is also expected to be set aside for a "green new deal", pinning Canada's recovery on renewable energy investments.
According to a media report, the government would be extending wage and rent subsidies through the fall.
Stripped of the crowds of visitors that usually flock to its sights, from the Grand Prix to its renowned festivals, Montreal is trying to reinvent itself during the coronavirus pandemic and salvage what is left of its summer.
Sweden will spend more than 100 billion Swedish crowns ($10 billion) in its spring budget to fight the outbreak of the novel coronavirus, which has shut down much of the economy, Finance Minister Magdalena Andersson said on Wednesday.
A Canadian woman has come up with an ingenious way to safely hug her mother, even during the coronavirus pandemic: the "hug glove," a plastic tarp with four sleeves hanging from a clothesline.
Global stocks rallied on Tuesday and the dollar dipped as weak US data sparked hopes the Federal Reserve could ease its interest-rate hiking plans.
The Lord Mayor of the City of London, Vincent Keaveny, has expressed his hope to strengthen the ties between the UAE and the United Kingdom, particularly in the financial and professional services sector.
Dubai property prices continue to increase across various affordable and luxury segments as key areas record high numbers. Sales trends in the first half of the year indicate