financetom
Business
financetom
/
Business
/
Market Chatter: Canada Bill To Enact GST Holiday Over First Hurdle
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Canada Bill To Enact GST Holiday Over First Hurdle
Nov 29, 2024 4:48 AM

07:21 AM EST, 11/29/2024 (MT Newswires) -- The governing Liberals' GST holiday bill is one step closer to becoming law after it was passed by a majority of the House of Commons late tonight, The Canadian Press is reporting.

It noted the Liberals and opposition NDP worked together to curtail the usual debate on the legislation, passing it a day after it was first introduced. The main opposition Conservatives and Bloc Quebecois voted against the bill, which will now go to the Senate.

Conservative Leader Pierre Poilievre has called the measure inflationary and a "tax trick."

The two-month tax break covers dozens of items, including children's clothes and toys, video games and consoles, Christmas trees, restaurant and catered meals, wine, beer, candy and snacks. It would be in effect from Dec. 14 until Feb. 15.

(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
2seventy Bio Insider Sold Shares Worth $254,901, According to a Recent SEC Filing
2seventy Bio Insider Sold Shares Worth $254,901, According to a Recent SEC Filing
Jan 7, 2025
04:50 PM EST, 01/07/2025 (MT Newswires) -- Nick Leschly, Director, on January 03, 2025, sold 86,870 shares in 2seventy Bio ( TSVT ) for $254,901. Following the Form 4 filing with the SEC, Leschly has control over a total of 1,289,839 shares of the company, with 1,233,606 shares held directly and 56,233 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1860782/000156218025000245/xslF345X05/primarydocument.xml ...
Amazon says AWS plans to invest at least $11 billion in Georgia for AI infrastructure
Amazon says AWS plans to invest at least $11 billion in Georgia for AI infrastructure
Jan 7, 2025
(Reuters) - Amazon.com ( AMZN ) said on Tuesday Amazon Web Services (AWS) plans to invest about $11 billion to expand its infrastructure in Georgia to support cloud computing and AI technologies. ...
Sandstorm Gold Up 2% After Hours as It Reports Higher Q4 Revenue
Sandstorm Gold Up 2% After Hours as It Reports Higher Q4 Revenue
Jan 7, 2025
04:51 PM EST, 01/07/2025 (MT Newswires) -- Sandstorm Gold ( SAND ) was last seen up 2% in after-hours New York trading after the company on Tuesday said its fourth-quarter revenue rose 6.5%. The royalty and streaming company said it sold approximately 17,700 attributable gold equivalent ounces (GEOs) in quarter to realize US$47.4 million, down from 23,250 GEOs in the...
Kimbell Royalty Reports $231 Million Midland Basin Acquisition; Starts Unit Offering
Kimbell Royalty Reports $231 Million Midland Basin Acquisition; Starts Unit Offering
Jan 7, 2025
04:51 PM EST, 01/07/2025 (MT Newswires) -- Kimbell Royalty Partners ( KRP ) said Tuesday it agreed to buy mineral and royalty assets from Boren Minerals in a cash-and-unit deal valued at about $231 million. Kimbell said it has the option to pay in cash or via a combination of $207 million in cash and some 1.4 million in units....
Copyright 2023-2026 - www.financetom.com All Rights Reserved