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Why these Quebec universities are expecting to lose millions next academic year
At least seven universities in the province are forecasting major budget deficits for the 2025-26 academic year, including a shortfall of $9.7 million for the Université de Montréal and nearly $32 million at Concordia University.
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Ontario cracks down on 5 school boards after expensive trips
Ontario's new education minister has taken control of one school board over financial mismanagement, launched financial probes into three other boards and ordered a fifth board to repay costs for a trip to Italy to buy art. CBC’s Lorenda...
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Poilievre releases platform days before election
Conservative Leader Pierre Poilievre released the party’s fully costed platform on Tuesday, days before Canadians head to the polls, which includes promises to build 2.2 million homes and cut income taxes.
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Fact-checking the numbers in the parties' platforms
The CBC News election fact-checking team went over the major party platforms to compare their promises, verify their claims and check their math.
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EU pledges $1.8bn in aid to Palestinians, supporting West Bank, Gaza recovery and private sector
EU pledges $1.8bn aid package for Palestinians, supporting authorities and private sector in West Bank and Gaza over two years.
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US deficit hits $1. 3 tn in 6 months, second-largest midyear gap in history
The US Federal budget deficit has hit $1. 3 trillion in the first half of the fiscal year 2025 — the second-largest six-month deficit on record. That’s just behind the $1.7 trillion mid-year deficit recorded in 2021 during the COVID-19...
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A balanced budget will have to wait as N.L. marks record spending and borrowing
While there weren’t any big surprises in Wednesday’s provincial budget, spending and borrowing has hit a record high. The CBC's Peter Cowan takes you inside the Confederation Building for his budget highlights.
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U of Regina ends funding agreement with students' union
University of Regina president Jeff Keshen says the decision to terminate the agreement with the U of R Students' Union came on the heels of an auditor's report that found issues with spending.
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'Nancy Pelosi Begged...': Karoline Leavitt Stuns Democrats With Bombshell Amid Trump Tariff War
White House spokesperson Karoline Leavitt defended U.S. President Donald Trump's 104% China tariff by quoting 'Nancy Pelosi's 1996 anti-China trade speech'. Leavitt said Democrats "just don’t want to admit" Trump is acting on what they...
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Trump Tariff Shock: 'Black Monday' For Global Markets; Dow Futures, Bitcoin Sinks
Global financial markets continue to plummet due to escalating trade tensions between the U.S. and China. Key Asian indices experienced significant drops, mirroring Wall Street’s sharp declines. Watch.
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Fact-checking Trump’s Canada claims
Canada may have avoided some of the tariffs Donald Trump imposed on other trading partners, but the country was still on the U.S. president’s mind during his global tariff speech. CBC’s Fact Check team looks into Trump’s claims about...
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'Dirty 15’ nations account for major US trade deficits
As U.S. President Donald Trump’s Liberation Day approaches on April 2nd, countries with the largest trade deficit face the toughest tariffs. These countries, referred to as the 'Dirty 15' by Treasury Secretary Scott Besant, brace for the...
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City of Winnipeg posts modest surplus for 2024 instead of deficit
The city ended last year with a $7.2-million surplus on its $1.35-billion budget, says a year-end financial report published on Monday. That works out to a budget surplus of about half of a percentage point.
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Can Quebec afford a tariff battle?
Nearly eight per cent of Quebec’s output is directly linked to U.S. exports. Despite the province's projected $11-billion deficit, experts say Premier François Legault's government has funds set aside for emergencies like this. But they...
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Pope Francis' financial woes continue to mount
Reports say all is not well in the Vatican on the financial front. Prior to his being hospitalised, the Pope faced signficant resistance from cardinals regarding his proposals to address the Vatican's financial struggles.
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More questions after new potential surplus estimated in East Ramapo school district
School board members were perplexed during a meeting this week as they learned the district’s surplus may have ballooned to $90 million.
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Here's what you need to know about the 2025 Alberta budget
The Alberta government's proposed 2025 budget includes a promised income tax cut that could save you $750 a year. As provincial affairs reporter Janet French explains, it's also the first deficit budget in five years.
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Donald Trump's First Cabinet Meet: Trump sets the stage for large-scale federal worker layoffs
US President Donald Trump convened the first official Cabinet meeting of his second term on Wednesday and ordered federal agencies to implement more large-scale layoffs.
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Government of Nunavut tables $3.3B budget
The territorial government is forecasting a record-high $124-million deficit, but Nunavut's finance minister says the urgent need for infrastructure is a bigger concern.
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B.C's record deficit could grow under tariff threat, says economist
B.C. MLAs are returning to the legislature for the first time since U.S. President Donald Trump made good on his threat to impose some tariffs. As the provincial government grapples with a $9.4 billion deficit, Marc Lee, a senior...
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N.B. deficit balloons, and another shortfall is likely next year
Finance minister says Liberals are opting to keep other promises rather than stick with balanced budget commitment.
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Students and staff react to Algonquin College's proposed program cuts
Algonquin College is recommending to its board of governors the suspension of 37 academic programs as it grapples with "unprecedented financial challenges." The CBC's Emma Weller spoke to students and faculty about what those cuts would...
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Elon Musk defends DOGE as Trump orders federal agencies to comply with cuts
Elon Musk defends DOGE as Trump orders federal agencies to comply with cuts
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McGill University says it needs to slash budget by $45 million, likely cut hundreds of jobs
The university says the budget cuts will take place over the next three years to eliminate its projected deficit. In a statement, McGill pointed to several Quebec government decisions it says have made it more difficult to sustain its...