Economy, Law & Politics

Botched business deals devalue economic achievements

BC’s debt-ridden households are running out of time to avoid higher financing costs that are expected in approximately a year’s time.

The federal budget released yesterday has eliminated a tax provision designed to allow credit unions to compete with big banks, according to Credit Union Central of Canada.

The just-released federal budget stresses skills training and infrastructure while charting a course toward balance by 2015-16.

The central financial facility and trade association for the B.C. and Ontario credit union systems more than quadrupled its profit in 2012 when compared with 2011.

The Vancouver Board of Trade (VBOT) has given the federal budget a "B+."

The federal government plans to close loopholes and give the Canada Revenue Agency more power to crack down on tax evaders.

The just-released federal budget is "a pretty good budget for small and medium-sized businesses," according to the Canadian Federation of Independent Business (CFIB).

As Canadians await the announcement of the federal budget, consumer confidence across Canada has increased slightly in March but remains below average, according to a TNS report released this morning.

A speech to the Vancouver Board of Trade will be Finance Minister Jim Flaherty's first public address after the federal budget is presented tomorrow in the House of Commons.