VINTAGE vehicles did more than delight onlookers at the weekend’s heritage truck and vehicle display event in Longwarry. Some were…[To read the rest of this story Subscribe or Login to the Gazette Access Pass] Thanks for reading the Pakenham Berwick Gazette. Subscribe or Login to read the rest of this content with the Gazette Digital Access Pass subscription.
- Scotiabank CEO wants top-up for child tax credit, grants for businesses
TD getting new head of private wealth, financial planning Canadian banks to focus on growth, spending and buybacks after strong second quarter Tara Deschamps PaulMcKinnon/iStock The head of the Bank of Nova Scotia is urging Ottawa to adopt a series of policy changes to help parents, businesses of all sizes and companies trade between provinces.Scotiabank CEO Brian Porter said Tuesday that he wants to see a top-up to the annual Canada Child Benefit and childcare expense deductions, the introduction of a grant for businesses to make capital investments and the elimination of interprovincial trade barriers. Keywords Banking industry, Budget, Canada Child Benefit Fed plays limited role in assessing climate risks for banks Share this article and your comments with peers on social media Related news Speaking at the bank’s annual general meeting, which was held virtually for the second time because of the pandemic, he positioned his pitches as an opportunity to learn from the health crisis because “we have seen over the last year, the decisions we make matter.”“We have an opportunity today to pursue policies that ensure that Canada does not just go back to the pre-pandemic growth but achieves even higher and better growth for a sustained period,” he said.Porter’s ideas come ahead of the April 19 federal budget and he believes they would help grow the economy, increase the number of working Canadians and make the country stronger and more prosperous.First, Porter called for the Canada Child Benefit to be topped up by $5,000 per kid.In July, the maximum annual Canada Child Benefit reached up to $6,765 per child under age six and up to $5,708 for kids aged six to 17.Families already receiving the Canada Child Benefit also got a one-time $300 boost per child last year.On top of the benefit increase, Porter is advocating for a significant increase to the childcare expense deductions to allow parents to fully deduct the cost of preschool child care.Under the current rules, parents and guardians can claim up to $8,000 per child for kids under the age of seven and $5,000 per child for children aged seven to 16.While childcare costs vary across the country, Porter said increasing the amount to $20,000 per child per year should cover the cost of daycare in every Canadian city.It will also help keep women in the workforce, said Porter, because women are more likely to put careers on hold or abandon to raise children.“Providing greater flexibility to families to find childcare arrangements that are best suited for them is good for women, it’s good for families, and it’s good for the country,” he said.Porter also wants a one-time, matching grant for businesses to make capital investments in machinery, equipment, and intellectual property.The grant would help small businesses digitize, medium-sized businesses retool for efficiency and large businesses become more sustainable, he said.His final ask was for the elimination of interprovincial trade barriers — a longtime demand for the bank.“Let’s prioritize free trade between provinces and territories in the same way we prioritize free trade between countries,” he said.According to Porter, the International Monetary Fund estimates that complete liberalization of internal trade in goods can increase Canada’s GDP per capita by about four% per year. Facebook LinkedIn Twitter
- Uber and Lyft study shows they’re making traffic worse
Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” Ride-sharing services like Uber and Lyft are contributing to rising traffic congestion in cities, according to a study conducted by Fehr & Peers, and the two companies admit the data bears out that conclusion, Engadget reports.Uber and Lyft sponsored the study, in fact, and both agree with its results, which suggest ride-sharing is contributing to a growing number of vehicle miles traveled (VMT) — though still not as badly as privately owned vehicles.“The research shows that despite tremendous growth over the past decade, TNC [Transportation Network Company, e.g. Uber and Lyft] use still pales in comparison to all other traffic, and although TNCs are likely contributing to an increase in congestion, its scale is dwarfed by that of private cars and commercial traffic,” Chris Pangilinan, Uber’s Head of Global Policy for Public Transportation, wrote in a blog post. RELATED TAGSToyotaNon-LuxuryNew VehiclesNon-Luxury See More Videos The Rolls-Royce Boat Tail may be the most expensive new car ever As stated in Pangilinan’s blog post, private cars still account for 87 to 99 per cent of city center congestion, and Uber and Lyft could be the solution to that problem. If a congestion charge is implemented for private vehicles, it could shift more traffic to ride-sharing, and it’s possible we could see gridlock relieved then. We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. The study concluded Uber and Lyft were responsible for 13.4 per cent of all VMT in San Francisco; eight percent in Boston; and 7.2 per cent in Washington, D.C. Chicago, Los Angeles, and Seattle were also probed.Most of those miles (54 to 62 per cent) were actually spent driving around a passenger, but about 10 per cent were spent driving to pick up a passenger; the remainder were miles driven between trips.RELATED Motor Mouth: When did we all become so stupid?Possibly also contributing to the congestion is not just the amount of TNC vehicles on the roads, but the fact most just end up putting on their hazard flashers and stopping in the middle of the street to pick up passengers, which doesn’t help anybody. Trending Videos advertisement Trending in Canada Created with Raphaël 2.1.2Created with Raphaël 2.1.2 FILE – In this Jan. 12, 2016, file photo, a ride share car displays Lyft and Uber stickers on its front windshield in downtown Los Angeles. One in six Uber and Lyft drivers in the New York City and Seattle areas are driving vehicles with outstanding recalls, according to Consumer Reports. But taking a taxi or limousine isnÄôt necessarily a safer option as nearly a quarter of traditional for-hire vehicles in New York City also have outstanding recalls, Consumer Reports said. (AP Photo/Richard Vogel, File) COMMENTSSHARE YOUR THOUGHTS PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca ‹ Previous Next ›