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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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Carney's Bold Moves: Trade War Relief and Megaproject Acceleration

Canadian Prime Minister Mark Carney has unveiled a comprehensive plan to mitigate the economic impact of the ongoing trade war with the United States. In a decisive move, Carney announced measures aimed at supporting workers and businesses, including temporarily waiving the one-week waiting period for employment insurance and allowing businesses to defer corporate income tax payments and GST/HST remittances.

Carney also pledged to expedite major infrastructure projects through a streamlined "one-window approval process," aiming to cut red tape and accelerate development. Notable projects include the Cedar LNG and LNG Canada facilities in British Columbia and the Port of Churchill in Manitoba. These initiatives are expected to bolster Canada's economy and create significant opportunities for growth.

The Prime Minister emphasized the importance of removing barriers to the free movement of goods, services, and workers across provinces and territories, projecting an economic boost of $250 billion. With these measures, Carney aims to strengthen Canada's resilience and pave the way for long-term economic stability.


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