Live: What Bay Street and beyond are saying about the federal budget

Alberta weighs in on federal budget

The new fiscal plan includes $2.6 billion over the next five years for companies to invest in CCUS projects. The credit will cover half the cost of new carbon capture technology to reduce greenhouse gas emissions. After 2030, the value of the credit will be cut in half in order to prompt businesses to begin building projects sooner.Article content

“In particular, this budget lacks a plan to boost business investment and long-term competitiveness in Canada,” Toews said in a statement late Thursday. Under the current system, banks do not have to use OBSI, opting instead to resolve customer complaints through for-profit resolution services. “OBSI has long argued that a competitive dispute resolution model leads consumers to reasonably question the impartiality and independence of the system,” the ombudsman said in a statement. “This perception of conflict of interest can undermine public confidence in the financial sector. The only way to improve consumer confidence is to remove ombudsman competition and establish a single, independent, not-for-profit ombudsman dedicated to the public interest.

Ottawa first earmarked $30 billion over five years in its 2021 budget with a target of $10-a-day child care by 2025-26 across the country.

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