From: Employment and Social Development Canada
News releaseBigger Canada Child Benefit payments start now
July 18, 2019 Napanee, ON Employment and Social Development Canada
Helping middle-class Canadian families provide the best start in life for their children is a top priority for the Government of Canada. That’s why, in July 2018, the Canada Child Benefit (CCB) was increased two years ahead of schedule to keep up with the cost of living. The CCB is targeted at middle-class families and the people working hard to join it. It currently provides more money to 9 out of 10 families than previous child benefit programs.
Today, the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development, announced that, starting now, the CCB will be raised to keep up with the cost of living. This means that for the 2019–20 benefit year, the maximum benefit will be $6,639 per child under age 6, and $5,602 per child aged 6 through 17.
For example, a single mother with two children under the age of 6 and an income of $30,000 will receive an additional $286 tax-free for the upcoming benefit year. This means up to $13,278 in support every year.
Thanks to the CCB, parents have more money to help pay for things such as healthy food, sports programs and music lessons for their children. Increasing the CCB will ensure that it continues to give all Canadian families a fair chance to succeed.
Quotes“Today’s announcement means that Canadian parents will have more money in their pockets—up to $143 more tax-free per child. Parents have told me how much this means when the family budget is already stretched, but their son has a growth spurt or their daughter’s day camp fees are due. Increasing the CCB once again demonstrates our government’s vital role in supporting those families who really need it most.”
– The Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development
“On this third anniversary of the Canada Child Benefit, we are celebrating helping families in situations where a bit of extra money is really making a difference. Tax filing opens the door to benefits and credits, and we will continue to make it easier for Canadians to access the support to which they are entitled.”
– The Honourable Diane Lebouthillier, Minister of National Revenue
“From day one, we have been working hard to ensure that parents across Napanee and surrounding area have the money they need to help with the high cost of raising a family. Three years later, I have seen time and again the important impact this has had to lift kids out of poverty and help middle class families. And, the great thing about the Canada Child Benefit is the positive impact it has on spending for things like recreational activities so our communities’ summer camps, kids’ music-related activities, and children’s sports leagues are benefitting as well.”
– Mike Bossio, MP for Hastings-Lennox and Addington
From: Global Affairs Canada
News releaseJuly 18, 2019 - Ottawa, Ontario - Global Affairs Canada
There has never been a better time to diversify Canada’s trade and investment opportunities. With trade deals such as the Canada-European Union Comprehensive Economic and Trade Agreement (CETA), Canadian exporters gain preferential access to the EU’s more than 500 million consumers.
On July 17 and 18, 2019, the Honorable Jim Carr, Minister of International Trade Diversification, participated in the Canada-European Union Summit in Montréal, Quebec, where he championed the shared commitments to inclusive trade and promoted the tangible benefits of CETA for Canadians and businesses alike.
At the summit, Minister Carr announced the expansion of the Canadian Trade Commissioner Service throughout Europe as part of the government’s trade diversification strategy and commitment to invest $44.1 million to increase the number of trade commissioners available to serve Canadian firms in key overseas markets. The announcement means 11 new trade commissioners are joining the network of more than 160 trade commissioners at embassies and consulates on the ground from Oslo, Norway, to Athens, Greece.
During the summit, Minister Carr met with Cecilia Malmström, European Commissioner for Trade, to discuss building on CETA’s early successes in growing Canadian businesses and creating good-paying jobs for hard-working Canadians. At a round-table lunch with women business leaders, Minister Carr engaged in discussions on opportunities available for businesswomen under CETA and the important contribution women make to sustainable economic growth through trade.
Quotes“It is our job to open more doors and make sure that Canadians have access to global markets. The Canada-European Union Comprehensive Economic and Trade Agreement is already resulting in new customers, clients and good middle-class jobs across Canada. With more trade commissioners on the ground throughout Europe, Canadians will have more opportunities to succeed on the world stage.”
- Jim Carr, Minister of International Trade Diversification
#StrongerCanadianDollarPredicted; #BankofCanada; #U.S.FederalReserve
Ottawa, July 12 (Canadian-Media): A stronger Canadian dollar is predicted as the Bank of Canada is on hold and the U.S. Federal Reserve is set to cut interest rates, media reports said.
Bank of Canada/Twitter
Central banks on both sides of the border were provided with monetary-policy guidance yesterday with different perspectives.
In the United States, Fed chairman Jerome Powell had guaranteed that the Federal Open Market Committee will cut rates at its meeting in late July, according to TD senior economist James Marple.
Royal Bank of Canada did not appear to be in any rush to lower rates.
The value of the loonie is determined specifically by the difference between the government of Canada two-year bond yield and the equivalent U.S. Treasury bond yield.