U.S. durable-goods orders drop 5.3%
Business spending slumps
- By: IE Staff
- February 27, 2008 February 27, 2008
- 09:40
Business spending slumps
Nortel cutting 2,100 jobs
Biggest gains forecast in oil and gas extraction, transportation, and electricity generation
Provincial governments have a responsibility to match federal business tax reductions, Russell says
Institute says new plan will not trigger clawbacks on OAS
Most economists predict U.S. downturn won’t be severe
Ottawa will also move forward on RDSPs and it plans to extend the existing capital gains tax exemption for publicly-traded securities
Government removes disincentives to work
Ottawa proposes boosting time limits for contributions and access to funds
Budget includes an extension to capital cost allowances for the manufacturing sector
As of 2009, premiums will pay for employment insurance
The creation of a carbon market will finally give Canadian industry cost certainty in dealing with its greenhouse gas emissions
Infrastructure big in Ottawa’s plans for Canada
Expert panel and modernizing Bank of Canada only initiatives
But today’s budget is short on solutions
Although there aren't many goodies, the government has introduced a tax-free savings account
LIF holders now have three options to get at their money
Income earned on the savings plan is tax-free
Era of huge surpluses is probably over
IBM's positive outlook pushes U.S. stocks higher
Federal transfers to other levels of government are increasing by more than 5%.
Central bank says U.S. is "too important"
Foreclosures up 57%
Economic conditions still favour Western Canada
Downward drift in gold, metals and oil will be very minor, says strategist