19 h. ago Alberta's promised income tax cut is coming in July — here's what you need to know

Albertans can expect to see the province’s promised tax cut on their paycheques next month. The United Conservative Party campaigned on the income tax cut during the spring 2023 election and after two years Albertans will finally see it reflected on their paycheques starting in July. The income tax cut was introduced in Budget 2025 […]

Economics

37 h. ago Average family to save $280 per year from Liberal tax cut: PBO

OTTAWA — The average Canadian family will save $280 on their taxes next year from the Liberal government’s planned income tax cut, the parliamentary budget officer said in an analysis released on Wednesday. But some seniors and single Canadians are expected to save less, prompting criticism from Conservatives who argue the tax cut doesn’t go […]

Economics

3 d. ago Edmonton weighs four options to boost parking ban enforcement

Council voted to implement option 2, which adds towing services to the current enforcement model, with funding of $100,000 drawn from the council contingency fund for 2025.

Other

6 d. ago What 'unorthodox' pick of Michael Sabia as top bureaucrat means for the public service

Observers expect the new clerk will shakeup the upper rungs of the public service.

Other

9 d. ago What’s targeted in Trump’s request for $9.4 billion in budget cuts from Congress

WASHINGTON (AP) — President Donald Trump is looking to cancel $9.4 billion in spending already approved by Congress. That’s just a sliver of the $1.7 trillion that lawmakers OK’d for the budget year ending Sept. 30. The package of 21 budget rescissions will have to be approved by both chambers of Congress for the cuts […]

Economics

9 d. ago Pakistan hikes defense budget 20% following conflict with India, but overall spending is cut

ISLAMABAD (AP) — Pakistan Tuesday hiked defense spending by 20% following last month’s deadly conflict with India. The government of Prime Minister Shehbaz Sharif announced the increase as part of the budget for the fiscal year 2025-26, in which overall spending will be cut by 7% to 17.57 trillion rupees ($62 billion). Pakistan and India […]

Events

1 week ago The LFP Podcast, ep. 214: City council may face service cuts amid budget crunch

Rachel Gilbert spoke with Jack Moulton about the budget pressure facing London city council — and the service cuts that may loom as a result

Other

2 w. ago Poland’s Kotecki Says MPC Is Turning Cautious on Further Easing

Polish policymakers are turning increasingly cautious toward further interest-rate cuts due to growing political instability and concern over a bloated budget, central banker Ludwik Kotecki said.

Other

2 w. ago Trump’s big bill will cut taxes by $3.7T and add $2.4T to deficit, budget office says

WASHINGTON — President Donald Trump’s big bill making its way through Congress will cut taxes by $3.7 trillion but also increase deficits by $2.4 trillion over the next decade, according to an analysis released Wednesday by the nonpartisan Congressional Budget Office. The CBO also estimates an increase of 10.9 million people without health insurance under […]

Economics

2 w. ago Ontario ends tolls on part of Hwy 407 and cuts gas tax starting this weekend

Driving on a provincially-owned section of Highway 407 East won't run up your bill starting this weekend, as the provincial government will be removing tolls from this section to save daily commuters an estimated $7,200 annually.Earlier this month, Premier Doug Ford announced that the legislation was geared towards helping families and business owners amid rising costs, especially as U.S. tariffs threaten to increase the price of everyday essentials.The government introduced the legislation through its 2025 Budget, which will make the cut to the gas and fuel tax rate permanent and keep the provincial tax rates at nine cents per litre.Tolls will be removed from the dark green section shown on the map starting on June 1. "Ontario families have seen prices on everyday items go up over the last several years," said Peter Bethlenfalvy, Minister of Finance."To help Ontarians cope with the high cost of living and the impacts of the economic uncertainty caused b...

Economics

3 w. ago OCDSB 'almost didn't make payroll' as it struggles with budget deficits

Ottawa's largest school board is under provincial investigation while it grapples making 'tough' cuts to next year's budget.

Other

3 w. ago City of Edmonton, province point fingers over police bodycam costs

As part of its annual report to council on Friday, the Edmonton Police Service says it needs to hire between 40 and 50 people for the 'back end' of the bodycam program.

Economics

4 w. ago London's 2026 budget: Tempers flare as politicians mull service cuts, fee hikes

Proposed cuts to services, possible hikes in recreation fees, and a heated argument over bike lanes.

Politics

4 w. ago 2026 London budget: Tempers flare as council eyes fee hikes, service cuts

Proposed cuts to services, possible hikes in recreation fees, and a heated argument over bike lanes. LFP's Jack Moulton on Thursday sat in for a city council meeting on the 2026 civic budget

Other