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There are copies of the federal budget in the media lockup in the capital.
The photo was taken by Justin Tang.
/The Canadian Press.
The Liberal government tabled a budget yesterday that included new spending and tax hikes for Canada's big financial institutions.
To get started, you need to look at a quick summary of the main points. It will take a minute.
Canada's national accounting association praised the federal government's pledge to create a financial crimes agency to lead enforcement in the area of money-laundering and other financial crimes.
We have called for reforms to Canada's anti-money-laundering regime to assist investigations and improve the level of prosecutions of money-laundering in Canada.
The budget promised measures that would help maintain the integrity of the financial system, promote fair competition, and protect both the finances of Canadians and our national security.
Barbara Shecter
The critical minerals are part of the budget. Billions of dollars in new spending is being proposed by the government to encourage more mining of the minerals that will be crucial as the world transitions to a low-carbon economy.
The Financial Post's Gabriel Friedman writes that these include not only the nickel and cobalt used in batteries, but a far wider array of elements.
Canada has a lot of these minerals, but not much of the infrastructure needed to get them out of the ground and turn them into something useful.
The Ring of Fire in the James Bay Lowlands is isolated from the rest of the province because of limited road access.
There are critical mineral hot spots in Canada.
The second budget is being billed as fiscally responsible with the deficit falling to $52.8 billion this year from $113 billion last and debt to GDP ratio tracking lower to 45.1 per cent this year.
The real reason the line has been held is because of a huge increase in revenues from the commodity boom, according to Robert and Douglas.
Essentially, revenues have been boosted by a short-term rush of higher inflation, but that is not a healthy development as eventually costs will also face upward pressure.
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