Source Feed: The Globe and Mail
Author: Craig Lord
Publication Date: July 17, 2025 - 14:36
Bank of Canada, Crown corporations to trim budgets to align with Liberals’ cost-cutting plans
July 17, 2025
The Bank of Canada and most other federal Crown corporations will be looking to trim their budgets alongside a wider government effort to cut costs.A spokesperson for the Bank of Canada confirms the central bank will “align” with the Liberal government’s plans to carve out savings of 15 per cent in departments’ operational spending over the next three years.
Unpublished Newswire
Via Rail says new collective agreements have been ratified with about 2,500 unionized workers. The agreements with Unifor’s council 4000 and Local 100 cover the period from the start of this year through to the end of 2027.
July 17, 2025 - 17:58 | | The Globe and Mail
Around 5:05 p.m., the Toronto Transit Commission announced there would be no service on Line 1: Yonge-University between College and St George stations because of a fire.
July 17, 2025 - 17:50 | Isaac Callan | Global News - Canada
The Trudeau government’s spending splurges — less than Bank of Canada interest rate policies — were largely responsible for soaring inflation during the pandemic, a new report has concluded.
The report, conducted by two economists at the C.D. Howe Institute, points the finger at Ottawa’s unfunded spending spree that acted as “helicopter drops” of money for the private sector.
In 2020, the report says, 20.7 million Canadians out of an adult population of 30.3 million received income from one of the federal pandemic-related programs. In 2020, the programs are estimated to have cost $...
July 17, 2025 - 17:49 | Simon Tuck | National Post
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