|
1993 Canadian Federal Budget
The 1993 Canadian budget was a Canadian federal budget for the Government of Canada presented by Minister of Finance Don Mazankowski in the House of Commons of Canada on 26 April 1993. It was the fifth budget after the 1988 Canadian federal election and would be the last before the 1993 Canadian federal election. Background The budget is presented amid poor economic conditions and soaring federal deficit. Two month earlier, Brian Mulroney had announced his intention to resign as soon as a new Progressive Conservative leader is elected. On 18 June 1992 the ''Spending Control Act'' received royal assent. That act provided for a legislated ceiling for federal program spending from 1991–1992 to 1995–1996. Few programs were excluded from the scope of the Act (notably Unemployment insurance). It is a complement to the Expenditure Control Plan announced in the 1990 budget and extended in 1991. December 1992 Economic Statement On 2 December 1992 Minister of Finance Don Maza ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
34th Canadian Parliament
The 34th Canadian Parliament was in session from December 12, 1988, until September 8, 1993. The membership was set by the 1988 federal election on November 21, 1988, and it changed only somewhat due to resignations and by-elections until it was dissolved prior to the 1993 election. It was controlled by a Progressive Conservative Party majority, led first by Prime Minister Brian Mulroney and the 24th Canadian Ministry, and then Prime Minister Kim Campbell and the 25th Canadian Ministry. The official opposition was the Liberal Party, led first by John Turner, and after 1990, by Jean Chrétien. The speaker of the House of Commons was John Allen Fraser. See also list of Canadian electoral districts 1987-1997 for a list of the ridings in this parliament. There were three sessions of the 34th Parliament: Party standings The party standings as of the election and as of dissolution were as follows: * After dissolution but before turning over power to Kim Campbell, Brian ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guaranteed Income Supplement
The Old Age Security (OAS) (SV; french: Sécurité de la vieillesse) program is a universal retirement pension available to most residents and citizens of Canada who have reached 65 years old. This pension is supplemented by the Guaranteed Income Supplement (GIS) for seniors with lower incomes, which is added to their monthly OAS payment. Some low-income spouses and survivors of OAS recipients are eligible to receive an income-tested allowance while they are aged 60 to 64. Legal foundation Old Age Security (OAS) is a monthly payment available to qualifying citizens and permanent residents of Canada who are 65 years old and older. Authorized by Section 94A of the Constitution Act of 1867, the program is defined by the Old Age Security Act (R.S.C., 1985, c. O-9). Implementation is the responsibility of the Minister of Employment and Social Development (ESDC). Administration is performed by Service Canada through offices across Canada. Payments The pension is paid monthly, on the thi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Exchange Market
The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the credit market. The main participants in this market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. Since currencies are always traded in pairs, the foreign exchange market does not set a currency's absolute value but rather determines its relative value by setting the market price of one currency if paid for with another. Ex: USD 1 is worth X CAD, or CHF, or JPY, etc. The foreign exchange market works thro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canadian Dollar
The Canadian dollar ( symbol: $; code: CAD; french: dollar canadien) is the currency of Canada. It is abbreviated with the dollar sign $, there is no standard disambiguating form, but the abbreviation Can$ is often suggested by notable style guides for distinction from other dollar-denominated currencies. It is divided into 100 cents (¢). Owing to the image of a common loon on its reverse, the dollar coin, and sometimes the unit of currency itself, are sometimes referred to as the ''loonie'' by English-speaking Canadians and foreign exchange traders and analysts. Accounting for approximately 2% of all global reserves, the Canadian dollar is the fifth-most held reserve currency in the world, behind the U.S. dollar, the euro, the yen and sterling. The Canadian dollar is popular with central banks because of Canada's relative economic soundness, the Canadian government's strong sovereign position, and the stability of the country's legal and political systems. Histo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fiscal Year
A fiscal year (or financial year, or sometimes budget year) is used in government accounting, which varies between countries, and for budget purposes. It is also used for financial reporting by businesses and other organizations. Laws in many jurisdictions require company financial reports to be prepared and published on an annual basis but generally not the reporting period to align with the calendar year (1 January to 31 December). Taxation laws generally require accounting records to be maintained and taxes calculated on an annual basis, which usually corresponds to the fiscal year used for government purposes. The calculation of tax on an annual basis is especially relevant for direct taxes, such as income tax. Many annual government fees—such as council tax and license fees, are also levied on a fiscal year basis, but others are charged on an anniversary basis. Some companies, such as Cisco Systems, end their fiscal year on the same day of the week each year: the day ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canadian Bond Rating Service
Canadians (french: Canadiens) are people identified with the country of Canada. This connection may be residential, legal, historical or cultural. For most Canadians, many (or all) of these connections exist and are collectively the source of their being ''Canadian''. Canada is a multilingual and multicultural society home to people of groups of many different ethnic, religious, and national origins, with the majority of the population made up of Old World immigrants and their descendants. Following the initial period of French and then the much larger British colonization, different waves (or peaks) of immigration and settlement of non-indigenous peoples took place over the course of nearly two centuries and continue today. Elements of Indigenous, French, British, and more recent immigrant customs, languages, and religions have combined to form the culture of Canada, and thus a Canadian identity. Canada has also been strongly influenced by its linguistic, geographic, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
La Presse (Canadian Newspaper)
, founded in 1884, is a French-language digital newspaper published daily in Montreal, Quebec, Canada. It is owned by an independent nonprofit trust. ' was formerly a broadsheet daily, considered a newspaper of record in Canada. Its Sunday edition was discontinued in 2009, and the weekday edition in 2016. The weekend Saturday printed edition was discontinued on 31 December 2017, turning ' into an entirely digital newspaper. Audience and sections ' is published on its website, .ca, and its mobile app, . The newspaper targets an educated, middle-class readership. Its main competitors are two Montreal print dailies, the tabloid-format ', which aims at a more populist audience, and the more left-leaning broadsheet . ' comprises several sections, dealing individually with arts, sports, business and economy and other themes. Its Saturday print edition (now discontinued) contained over 10 sections. The newspaper's archives from 2000 to 2019 are available on its website. History ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Hamilton Spectator
''The Hamilton Spectator'', founded in 1846, is a newspaper published weekdays and Saturdays in Hamilton, Ontario, Canada. One of the largest Canadian newspapers by circulation,''The Hamilton Spectator'' is owned by Torstar. History ''The Hamilton Spectator'' was first published July 15, 1846, as ''The Hamilton Spectator and Journal of Commerce''. Founded by Robert Smiley and a partner, the paper was sold in 1877 to William Southam, who founded the Southam newspaper chain and made the ''Spectator'' the first of the chain. The Southam chain was sold in 1998 to Conrad Black, who in turn sold off ''The Hamilton Spectator'' to Toronto-based Sun Media. In 1999, the ''Spectator'' was sold for a third time to Torstar Corporation. On May 26, 2020, its parent company, Torstar, agreed to be acquired by NordStar Capital, a private investment firm. The deal was expected to close by year end. Publication ''The Hamilton Spectator'' is published six days a week by Metroland Media Group, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Toronto Star
The ''Toronto Star'' is a Canadian English-language broadsheet daily newspaper. The newspaper is the country's largest daily newspaper by circulation. It is owned by Toronto Star Newspapers Limited, a subsidiary of Torstar Corporation and part of Torstar's Daily News Brands (Torstar), Daily News Brands division. The newspaper's offices are located at One Yonge Street in the Harbourfront, Toronto, Harbourfront neighbourhood of Toronto. The newspaper was established in 1892 as the ''Evening Star'' and was later renamed the ''Toronto Daily Star'' in 1900, under Joseph E. Atkinson. Atkinson was a major influence in shaping the editorial stance of the paper, with the paper having reflected his values until his death in 1948. The paper was renamed the ''Toronto Star'' in 1971. The newspaper introduced a Sunday edition in 1973. History The ''Star'' was created in 1892 by striking ''Toronto News'' printers and writers, led by future mayor of Toronto and social reformer Horatio Clarenc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canada Mortgage And Housing Corporation
Canada Mortgage and Housing Corporation (CMHC) (french: Société canadienne d'hypothèques et de logement) (SCHL) is Canada's national housing agency, and state-owned mortgage insurer. It was originally established after World War II, to help returning war veterans find housing, and is a wholly-owned Crown Corporation of the Government of Canada. Since then, it has seen its mandate expand to the mandate of improving access to housing, including owned and rental. About The CMHC operates with a primary mandate of providing mortgage liquidity, assist in establishing affordable housing development, and provide arms-length advice to the Government of Canada, and housing industry. Despite the claim of independence, the Crown Corp acts as Canada's national housing agency. As such, it administers Federal housing programs such as the First-time home buyer loan, acts as a mortgage insurer (primarily for high-leverage loans), and provides housing research. The agency's governance is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Member Of Parliament (Canada)
In Canada, member of Parliament (MP; ) is a term typically used to describe an elected politician in the House of Commons of Canada, House of Commons. The term can also less be used to refer to an appointed member of the Senate of Canada, Senate. Terminology The term's primary usage is in reference to the elected members of the House of Commons, as the unelected members of the Senate are titled ''Senator'' (), whereas no such alternate title exists for members of the House of Commons. A less ambiguous term for members of both chambers is Parliamentarian. There are 338 elected MPs, who each represent an individual electoral district, known as a Electoral district (Canada), riding. MPs are elected using the First-past-the-post voting, first-past-the-post system in a Elections in Canada, general election or byelection, usually held every four years or less. The 105 members of the Senate are appointed by the Crown on the advice of the Prime Minister of Canada, prime minister. R ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
