The federal government’s deficit was $9.8 billion for the April-to-August period. The Finance Department’s latest fiscal monitor says the result compared with a deficit of $4.3 billion during the same period a year earlier. Revenue for the period rose by $16.7 billion or 9.3 per cent compared with a year earlier due to increases in...
Category: Finance
Ready for liftoff: Why Canada’s telecom sector sees opportunity in satellite internet
TORONTO — When a severe tropical cyclone hit New Zealand in February 2023, it left thousands on the country’s North Island without internet or cellphone service for nearly a week, as major roads carrying vital fibre optic cables were washed out. Of residents who managed to retain an internet connection amid Cyclone Gabrielle, many relied...
Amanda Todd’s family joins American parents in lawsuit against social media giants
WASHINGTON — When B.C. teenager Amanda Todd sat in front of her computer and detailed the relentless bullying and extortion she’d faced on social media, it sent a shock wave to parents around the world. Twelve years later her family is joining others in a lawsuit alleging those dangers persist for kids online. Only a...
British chef Jamie Oliver urges followers to help solve the ‘grate cheese robbery’
LONDON (AP) — British chef Jamie Oliver is on the case of the stolen cheddar. Oliver, who rose to fame as “The Naked Chef” on TV by stripping food down to its essentials, got cheeky in an otherwise serious plea to his social media followers to help solve the mystery of the missing 22 metric...
CRTC sets interim rates for wholesale fibre internet access
GATINEAU, Que. — The national telecommunications regulator says it has set the payment rates at which smaller internet providers will be able to use rivals’ fibre networks to offer their services to customers across Canada. The CRTC says the interim rates are based on an analysis of detailed costing information filed by the large telephone...
New regulations allow Canada Post to ship restricted firearms returned in gun buyback
OTTAWA — The federal government is giving Canada Post the ability to store and transport restricted firearms in new regulations that bring the retail gun buyback program one step closer to beginning. An order-in-council dated Oct. 16 allows for restricted assault-style firearms to be removed from safes at firearms retailers, transported and ultimately destroyed. More...