Senate expenses climbed to $7.2 million in 2023, up nearly 30%
Senators in Canada claimed $7.2 million in expenses in 2023, a nearly 30 per cent increase over the previous year.
Five things to watch for in the Canadian business world in the coming week:
Stock markets are closed for trading in Canada on Monday for the Victoria Day holiday, however U.S. markets will be open for business. The difference could mean volatile trading on Canadian markets when they reopen on Tuesday as investors catch up to any news that happened while markets were closed for the holiday.
Canada's big banks will report their second-quarter financial results this week. Scotiabank and BMO will be first out of the gate on Wednesday followed by CIBC, TD Bank and RBC on Thursday. National Bank of Canada will report its results on Friday.
Cineplex Inc. will hold its annual meeting on Wednesday as the company plots a recovery from health measures instituted during the COVID-19 pandemic, which forced theatres to close for lengthy periods. Cineplex reported a first-quarter loss earlier this month, but revenue soared as Canadians returned to the theatres and spent more on tickets and snacks.
Statistics Canada will add a little more detail to the economic picture for March when it releases retail trade figures for the month on Thursday. The agency's preliminary estimate for the month suggested sales were up 1.4 per cent for the month. Retail sales in February rose 0.1 per cent to $59.9 billion, however in volume terms retail sales fell 0.4 per cent for the month.
Canopy Growth Corp. will release its fourth-quarter and full-year financial results on Friday and hold a conference call with financial analysts. The company announced a deal recently to give it the right to acquire California cannabis company Jetty Extracts, if the U.S. federally legalizes the main ingredient in marijuana.
This report by The Canadian Press was first published May 22, 2022.
Senators in Canada claimed $7.2 million in expenses in 2023, a nearly 30 per cent increase over the previous year.
Police say a baby and a pedestrian suffered non-life-threatening injuries after a vehicle struck a baby stroller and dragged it for two blocks before stopping in Squamish, B.C.
Former NDP leader Tom Mulcair says that what's happening now in a trash-littered federal park in Quebec is a perfect metaphor for how the Trudeau government runs things.
A group of demonstrators were kicked out of the legislature after a second NDP motion calling for unanimous consent to reverse a ban on the keffiyeh failed to pass.
The RCMP says it has uncovered a plot by two men in Montreal to sell Chinese drones and military equipment to Libya illegally.
The U.S. Justice Department announced a US$138.7 million settlement Tuesday with more than 100 people who accused the FBI of grossly mishandling allegations of sexual assault against Larry Nassar in 2015 and 2016, a critical time gap that allowed the sports doctor to continue to prey on victims before his arrest.
The Vancouver Canucks will be without all-star goalie Thatcher Demko when they face the Nashville Predators in Game 2 of their first-round playoff series.
A 35-year-old man wanted in connection with the murder of Toronto resident 29-year-old Sharmar Powell-Flowers nine months ago has topped the list of the BOLO program’s 25 most wanted fugitives across Canada, police announced Tuesday.
The Canadian Medical Association is asking the federal government to reconsider its proposed changes to capital gains taxation, arguing it will affect doctors' retirement savings.
The giant stone statues guarding the Lions Gate Bridge have been dressed in custom Vancouver Canucks jerseys as the NHL playoffs get underway.
A local Oilers fan is hoping to see his team cut through the postseason, so he can cut his hair.
A family from Laval, Que. is looking for answers... and their father's body. He died on vacation in Cuba and authorities sent someone else's body back to Canada.
A former educational assistant is calling attention to the rising violence in Alberta's classrooms.
The federal government says its plan to increase taxes on capital gains is aimed at wealthy Canadians to achieve “tax fairness.”
At 6'8" and 350 pounds, there is nothing typical about UBC offensive lineman Giovanni Manu, who was born in Tonga and went to high school in Pitt Meadows.
Kevin the cat has been reunited with his family after enduring a harrowing three-day ordeal while lost at Toronto Pearson International Airport earlier this week.
Molly Knight, a Grade 4 student in Nova Scotia, noticed her school library did not have many books on female athletes, so she started her own book drive in hopes of changing that.
Almost 7,000 bars of pure gold were stolen from Pearson International Airport exactly one year ago during an elaborate heist, but so far only a tiny fraction of that stolen loot has been found.