'Drastic measures' needed as Manitoba faces $1.3B deficit, experts say
CTV
With both Manitoba and Canada facing deficits far exceeding what they had hoped, experts warn drastic measures will be needed but fear Manitobans will be the ones paying.
With both Manitoba and Canada facing deficits far exceeding what they had hoped, experts warn drastic measures will be needed but fear Manitobans will be the ones paying.
This comes as Manitoba Finance Minister Adrien Sala presented a financial update Monday, projecting a $1.3 billion shortfall. A deficit more than $500 million over what was forecasted.
“We're seeing significant cost overruns in health, and to put it simply, we're seeing too much money being spent in the boardroom rather than at the bedside,” Sala told reporters Monday.
But the province isn’t alone.
In Ottawa, the fall economic statement revealed a $61.9 billion deficit—more than $21 billion over what the feds promised last year. This, the government said, is driven largely by $18 billion in Indigenous claims expenses.
The feds also listed $24.2 billion in new spending over six years, including $1.3 billion for border security.
The red ink has Manitoba Chambers of Commerce President and CEO Chuck Davidson concerned.
Mark Carney, the former Bank of Canada and Bank of England governor, is actively considering running in a potential Liberal party leadership race should Justin Trudeau resign, sources tell CTV News.
Homicide investigators have taken over the case of a body found in the water at a marina in Port Moody on New Year's Day.
On the eve of the 30th anniversary of Quebec's second independence referendum -- the first one was in 1980 -- it seems the tide could be turning again. Legault is deeply unpopular after six years in power, and the Parti Quebecois, with a young, charismatic leader, has been ahead in the polls for more than a year.
It feels like -20 with the wind chill this Saturday morning in Ottawa.
Snow squall warnings in southern Ontario remain in effect Saturday, with as much 40 centimetres of snow expected to fall for parts of the province this weekend.
A 47-unit building hasn't had hot water for nearly two months, and the heat is out too, forcing the city to intervene.
The Ottawa Paramedic Service says four adult women were taken to hospital following a fire that happened in a highrise on Ramsey Crescent, in the west end of Ottawa, in the early hours of Friday morning.
Mounties on Vancouver Island say a 50-year-old motorist who tried to apprehend a suspected impaired driver on New Year's Eve, was, in fact, impaired and was issued a 90-day driving prohibition by police.
Saskatchewan RCMP says it is investigating the death of a 30-year-old woman on Piapot First Nation as suspicious in nature.
Rural firehalls surrounding Saskatoon are having to deal with escalating thefts that could put rescue efforts in jeopardy.
There is a new offer to buy and preserve the Lemay Forest.