Category: Business & Economy

Canada and Ontario Invest $15 million in Municipal Infrastructure to Respond to the Impacts of COVID-19 in Northern Ontario

THUNDER BAY —Communities across Canada are on the frontlines of the COVID-19 pandemic, and need immediate assistance to ensure their public infrastructure is safe and reliable. Details were provided by the Honourable Patty Hajdu, Minister of Health and Member of Parliament for Thunder Bay-Superior North, on behalf of the Honourable Catherine McKenna, Federal Minister of Infrastructure and Communities; Stephen Crawford, Parliamentary Assistant to Ontario’s Minister of Infrastructure and Member of Provincial Parliament for Oakville, on behalf of the Honourable Laurie Scott, Ontario’s Minister of Infrastructure; and His Worship Bill Mauro, Mayor of the City of Thunder Bay. The governments of Canada and Ontario are investing more than $15 million to protect the health, and well-being of residents in 99 municipalities across Northern Ontario.

Together works better for Mexico and Canada

The Mexican Secretary of Economy Tatiana Clouthier virtually visited Canada this Monday, June 7, the fifth most important commercial partner of Mexico. He spoke with Mary Ng, Minister of Small Business, Export Promotion and International Trade of Canada, with Francois-Philippe Champagne, Minister of Innovation, Science and Industry, as well as with Canadian businessmen about issues related to the North American Free Trade Agreement. North, which is abbreviated CUSMA, TMEC and USMCA.

G7 nations reach a deal to tax multinational corporations

TORONTO – A global minimum corporate tax rate of at least 15 percent but without giving up the new taxes provided for the tech giants. Canada welcomes the agreement reached at the G7 but at the same time, through Finance Minister Chrystia Freeland, reiterates that the plan signed at the weekend will not change Ottawa’s plans, which from January 2022 will impose a new tax on big tech buddies.