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Your daily horoscope: May 9, 2025

  IF TODAY IS YOUR BIRTHDAY A change of direction is a must this year as you have reached the end of your current journey and need a new challenge. Make a break with the past and make it one that cannot be reversed. Move forward fast and don’t look back. ARIES (March 21 - April 20): Someone you meet on your travels will catch your eye and maybe your heart as well. If it’s true that opposites attract you could find yourself getting close to someone whose charms are very different to your own – and remarkably the relationship will work. TAURUS (April 21 - May 21): Someone you think of as a friend will say something today that annoys you intensely. It may be the case though that they can see things that you cannot, so be open to what they tell you. They could be doing you a very big favor. GEMINI (May 22 - June 21): If you listen too much to other people’s advice today you could end up facing in several directions at once and ultimately getting nowhere. Pay attention to what friends a...
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Freeland unveils fiscal update with modest deficit reduction plan

                                     

Finance Minister Chrystia Freeland delivered her fall economic update on Monday, November 21, 2023,  outlining the government’s spending and revenue projections for the next five years.

Here are some of the key points from her speech and the accompanying document:

  • Fall Economic Statement: Finance Minister Chrystia Freeland tabled her fall economic statement on Tuesday, Nov. 21, 2023, updating Canadians on the country’s financial health and introducing some new measures to target the housing crisis.
  • New Spending and Deficit: The federal government announced $20.8 billion in new spending since the spring budget, bringing the total spending for the current fiscal year to $488.7 billion. The deficit for this year is projected to be $40 billion, and $38.4 billion for next year.
  • Housing Measures: The government allocated $15 billion for loan funding to build more than 30,000 homes across Canada, and $1 billion for a new affordable housing fund to help build 7,000 new homes. It also introduced tax breaks for co-operative housing corporations and exempted GST and HST from psychotherapy and counselling services.
  • Cleantech Investment: The government allocated up to $7 billion for special contracts to encourage companies to make major investments to lower their greenhouse-gas emission. It also announced $309 million for a new co-operative housing development program.
  • Other Highlights: The government proposed to spend $50 million to support municipalities in cracking down on short-term rentals, $129 million to update the Canadian journalism tax credit, and $35 million for a public inquiry into foreign interference attempts. It also introduced a shareable, 15-week adoption benefit, additional benefits for seasonal workers, and a right to repair for consumers.

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