Tag: increase

Healthcare funds, the premiers want the maximum increase

TORONTO – Canada’s 13 premiers say they “expect” to get the federal government to raise its health care funding ratio to 35%: the joint statement came on Monday, a week before the meeting with Prime Minister Justin Trudeau scheduled for February 7th. The premiers were clear: they want the result of that meeting to be an increase in Canada Health Transfer of about $28 billion from the current $45.2 billion.  (more…)

Bank of Canada, here’s the increase: interest rate at 3.75%

TORONTO – Said and done. Bank of Canada raised the interest rate by another 0.50, taking it from 3.25 to 3.75 percent. Since last March, the central bank has raised the reference rate six times, “with the aim of combating inflation and bringing it back to the 2% target”, as the central bank has always maintained. A goal that is far from being achieved, as the Bank of Canada admits in the statement published today on its website (here). (more…)

Energy, up to 100% increase in bills of Canadians

TORONTO – The energy crisis also affects Canada. And the “superbills” that are already damaging Italians (in Italy bills in recent months have doubled and in some cases tripled) are also on their way here: with the winter just around the corner, Canadians will have to expect very high “bills” for natural gas or electricity, with increases between 50 and 100%. Some consumers may see their bills rise as high as 300%, while others may see minimal increases, but the overall trend is clear, according to Joel MacDonald, founder of EnergyRates.ca  (more…)