The program's total budgeted costs for 2020/21 and 2021/22 now stand at $110.6 billion.
business subsidies
March 27, 2019
10:13AM
The Legault government in Quebec tabled its first budget last week.
May 15, 2018
2:01PM
Business subsidies can also irritate our trading partners, threatening Canadian access to foreign markets including the U.S.
March 7, 2017
10:11AM
The Ontario government will give $4.9 million to support small cideries and distilleries in the province.
February 24, 2017
3:00AM
By some estimates Ottawa gives $6 billion a year in support of business.
February 8, 2017
10:00AM
The federal government will provide Bombardier, a Canadian aerospace company, with interest-free loans totalling $372.5 million.
May 15, 2014
2:00AM
Ever wonder how Canada's net federal debt reached $671 billion by 2013? Or how net provincial debt among the provinces ended up at $509 billion that same year? Wonder no more. It's partially due to massive subsidies to corporations, government businesses and even consumers that over three decades amounted to $684 billion.
February 17, 2014
2:00AM
Back in late 2011 after the Occupy Wall Street protests, Fiat-Chrysler CEO Sergio Marchionne gave a speech in Toronto to decry what he called "the most inane displays of greed." The reference was to behaviour he had observed while serving on various company boards over the years.
February 7, 2014
2:00AM
The federal government recently poured $36.3 million into the Northleaf Venture Catalyst Fund the first of many soon-to-come government-sponsored funds comprising Ottawa's $400 million Venture Capital Action Plan. The plan, conceived with the view that Canada's lacklustre venture capital industry requires a government solution, ignores Canadian evidence that shows government-sponsored venture capital is ineffective. More fundamentally though, it represents a further blurring of the lines between pro-market and pro-business government policy.