Canadian Businesses Sit on Cash Despite More Tax Cuts

Canadian Businesses Sit on Cash Despite More Tax CutsProfitable Canadian businesses are set to reap $2.85 billion in additional income tax savings in 2012, even as Prime Minister Stephen Harper complains about all the private “money sitting on the sidelines.” The last of five annual corporate tax cuts took effect Sunday, reducing the federal rate by another 1.5 points to 15 per cent. The move comes as corporate Canada, from multinationals to midsize businesses, squirrels away hundreds of…

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Canada Loses Jobs in November

Canada Loses Jobs in NovemberCanada shed another 19,000 jobs in November on the heels of a steep drop in October, edging the national unemployment rate to 7.4%. The economy lost 53,000 part-time jobs, offset by a gain of 35,000 full-time jobs, according to labour force numbers released by Statistics Canada on Friday. Finn Poschmann, vice-president of research at economic think-tank the C.D. Howe Institute, said a second month of bad job numbers left him…

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Economy will be Focus of Fall Session

Economy will be Focus of Fall SessionPrime Minister Stephen Harper addressed Conservative MPs in Ottawa Thursday and stuck entirely to the subject of the economy, sounding more positive notes than he has recently. The Conservative caucus is meeting to get ready for the new session of Parliament that starts Sept. 19. The government’s first priority is economic growth, Harper said, noting continuing fragility in world markets.  Read More…  

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WikiLeaks Cable Notes Harper’s Senate ‘About-Face’

WikiLeaks Cable Notes Harper's Senate 'About-Face'WikiLeaks released hundreds of U.S. documents on Thursday, including those with comments about the Harper government’s “about-face” on Senate appointments, remarks on the Liberals’ “muted” response to the prorogation crisis and criticism of Canada’s failure to enact copyright reform. A leaked cable from December 2008 suggests that U.S. Embassy officials in Ottawa saw Stephen Harper’s appointment of senators as “a major about-face for a PM and a party that long…

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Canada Government Toppled After Opposition Pressure

Canada Government Toppled After Opposition PressureCanadian opposition parties brought down the Conservative government in a no confidence vote Friday, triggering an election that polls show the Conservatives will win. The opposition parties held Prime Minister Stephen Harper’s government in contempt of Parliament in a 156-145 vote for failing to disclose the full financial details of his tougher crime legislation, corporate tax cuts and plans to purchase stealth fighter jets. Opinion polls expect Harper’s Conservative Party…

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Flight Fee For U.S. Bound Canadians?

Flight Fee For U.S. Bound Canadians?Prime Minister Stephen Harper says there are better ways for Americans to raise money than to charge Canadians to get into their country. U.S. President Barack Obama wants to charge Canadians entering the U.S. by air or sea a $5.50 inspection fee, although private vehicles would be exempt. “They’re running deficits down there well over a trillion dollars a year,” Harper said Thursday. “Some 40 per cent plus of the…

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Gun tracing regulations delayed third time

Gun tracing regulations delayed third timeThe Harper government has once again delayed implementation of regulations that police say they need to quickly trace guns used in crimes. The government quietly posted a notice last Tuesday — one day before the firearms marking regulations were to have come into force — disclosing that implementation has been postponed until Dec. 1, 2012. This is the third time the Harper government has delayed the regulations, which were created…

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Iggy to Harper: ‘We make the rules!’

Iggy to Harper: 'We make the rules!'Liberal Leader Michael Ignatieff’s campaign-style tour rolled through Nova Scotia Sunday, where he thundered at Prime Minister Stephen Harper, was told to move back to the U.S., and won the endorsement of one of Canada’s most well-known singers – Big Pond’s Rita MacNeil. Ignatieff began the day outside a Tim Hortons in Elmsdale, N.S., in Liberal Scott Brison’s riding, where he hit Harper over a quip the prime minister made…

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Mergers, Coalitions, and Fear

Mergers, Coalitions, and FearThere has been a lot of talk in the past week or so about the possibility of some kind of political alliance between the LPC and the NDP. Mr. Ignatieff is reported to have said today that while he has no intention of any kind of pre-election deal with the NDP, that a post-election coalition is not something he would rule out. I doubt Mr. Ignatieff liked being put in…

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Like it or not, Harper is on a roll…

Like it or not, Harper is on a roll...Those who took great delight in the travails of Stephen Harper over the summer are likely none too pleased with more recent developments. The blogosphere tends to be extremely partisan in nature, and objectivity is often a scarce commodity. But love him or loathe him, the fact is Harper is on something of a roll. I’m not going to suggest that a run of good press and good optics is…

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