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Vancouver Budget Balances Books Without Tax Hike

Vancouver city council approved a 2026 budget, which includes a freeze on municipal property taxes. Vancouver City Council has approved a new budget that pledges no increase in property taxes, a move welcomed by many residents facing rising living costs. However, the financial plan comes with significant trade-offs: millions of dollars will be cut from arts programs, park services, and other community initiatives. City officials argue the budget reflects a commitment to fiscal responsibility while easing pressure on households. Critics, however, warn that reductions in cultural and recreational funding could erode the city’s vibrancy and limit access to public spaces. The decision highlights the ongoing challenge of balancing affordability with investment in community life. As Vancouver grows, the debate over how to fund essential services without raising taxes is likely to intensify.
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Chrystia Freeland Steps Down as Finance Minister, Exits Trudeau's Cabinet

 

In a surprising turn of events, Chrystia Freeland has resigned from her position as Canada's Finance Minister and will be leaving Prime Minister Justin Trudeau's cabinet. The announcement came just hours before she was scheduled to present the fall economic statement.

Freeland, who has been a key figure in Trudeau's government, cited differences with the Prime Minister over the best path forward for Canada as the primary reason for her resignation. In her resignation letter, she expressed her belief that to be effective, a minister must have the full confidence of the Prime Minister, which she felt she no longer possessed.

The resignation has thrown the Liberal government's plans into disarray, with the fiscal update now in limbo. Freeland's departure has sparked reactions from various political figures, with some expressing shock and others pointing to it as a sign of internal discord within the Liberal Party.

Freeland's resignation marks a significant shift in Canadian politics, as she has been a prominent and influential member of Trudeau's cabinet. Her decision to step down underscores the challenges and complexities of political leadership in times of economic uncertainty.




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