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The budget introduced a "grocery rebate" of up to $467 for eligible families and up to $234 for eligible single people with no kids. The Canada Student Grants also saw a 40% increase in funding. [11] Freeland issued $15B of spending cuts, achieved by defunding public services and cancelling previously announced programs. [12]
The GSC Report also notes that the now defunct National Geothermal Program (a Canadian government research program that ended in 1986) demonstrated that Canada has a geological environment favourable to geothermal development. This program defined high-temperature resources suitable for geothermal exploration and development, particularly in ...
Following the budget, Parliament (the Canadian Parliament) will pass an Appropriation Act (called the 'Interim Supply') which will allow individual departments to spend 3/12th of their annual budget. (The Government of Canada Fiscal Year runs from April 1 to March 31.)
The CLEAN Act and HEATS Act remove many of the federal permitting regulations currently necessary to drill for geothermal power plants, which produce electricity by drawing on the boiling-hot rock ...
A bipartisan group of lawmakers passed legislation in the House to bolster geothermal energy production by increasing the frequency of lease sales.. The Committing Leases for Energy Access Now Act ...
The COVID-19 pandemic had forced the Justin Trudeau government to introduce a large number of federal aid programs to deal with the economic impact of the crisis. As a result, Canada's debt-to-GDP ratio increased in 2020 and 2021. [4] In March 2022, the New Democratic Party agreed to a confidence and supply deal with Justin Trudeau's Liberal ...
As we wrap up 2024, here’s a look at seven money trends that we should leave behind, along with five healthy financial habits worth keeping.
It was based on a world price steadily increasing to $100 per barrel. The world oil price declined to as little as $10 per barrel in the years following. Since the federal government based its spending on the larger figure, the result was that it spent a great deal of money on subsidies that could not be recovered in taxes on production.