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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 ...
Rank Name Level of government Total expenditure Per-capita expenditure Fiscal year Source 1 Canada: Federal 338,500,000,000 2018-19 [1]2 Ontario: Provincial
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.
Budgets are a confidence measure, and if the House votes against it the government can fall, as happened to Prime Minister Joe Clark's government in 1980. The governing party strictly enforces party discipline, usually expelling from the party caucus any government Member of Parliament (MP) who votes against the budget. Opposition parties ...
In June 2021, the federal government invested $964-million program in ECT in the form of "wind, solar, storage, hydro, geothermal, tidal" and other renewable energy projects to lower emissions. [8] Politicians have expressed interest in increasing the percentage of Canada's electricity generated by renewable methods.
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 ...
The Canadian federal budget for fiscal year 2016–17 was presented to the House of Commons of Canada by Finance Minister Bill Morneau on 22 March 2016. The deficit was projected to be $29.4 billion for the fiscal year 2016–2017, [1] however this was adjusted to $17.8 billion by end of March 2017. [3]
The government announced a plan to establish the National Disaster Mitigation Program, which it would begin funding in the 2015–2016 fiscal year under the 2015 budget. [7] The program "will invest in structural mitigation projects" and provide residential flood insurance in conjunction with provincial, territorial, and private insurance plans.