LAU: Ottawa destroying child-care market

As a letter last September from the Canadian Federation of Independent Business and the Association of Alberta Childcare Entrepreneurs to the federal government put it, “many small businesses have not been able to open any new spaces under the $10 child care agreement.

At the end of January, the federal and Alberta governments finally announced that 22,500 new child-care spaces among the for-profit child-care sector would be funded. While this improves on the previous situation, the limit of 22,500 spaces is likely far too low. To make matters worse, the funding eligibility is tied to vaguely worded requirements under what’s called the Alberta Cost Control Framework and For-Profit Expansion Plan.

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Look to food companies to recession-proof your portfolio: Stock picks from Laura Lau - BNN BloombergWhile many economists have warned about the growing risk of a recession this year, one investment expert said Canadians should be looking to add recession-proof names like food companies to their portfolios.
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