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Federal budget 2024: Some of the winners and losers

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OTTAWA –

With a variety of fiscal and policy measures announced in the federal budget, here’s a look at some of the winners and losers:

Winner: Small businesses

Carbon tax rebates for small businesses are coming, five years after consumers began receiving their share. The measure is “a big relief,” says Dan Kelly of the Canadian Federation of Independent Businesses, which represents the sector. The budget says as many as 600,000 small firms would be eligible for a share of $2.5 billion.

Loser: tobacco industry

The federal government will collect an additional $4 per carton of 200 cigarettes starting Wednesday, on top of the $1.49 added on April 1 as part of an automatic inflation adjustment. For vaping products, singled out in the budget as a public-health issue affecting younger Canadians who have been “enticed by appealing marketing,” vaping excise duty rates will increase by 12 per cent, or between 12 and 24 cents per typical vape pod. Together, the measures should generate about $1.7 billion in the next five years.

Winner (eventually): fintech companies

Long-promised details about a framework for open banking — a system that allows consumers to easily access their financial data across multiple institutions, apps and services — were revealed in Wednesday’s budget, though the specifics are reserved for legislation to be tabled before the end of the year. It names the Financial Consumer Agency of Canada to oversee and enforce the system and sets six core elements for the framework.

The budget also sets aside $4.1 million over three years for the Finance Department to complete the policy work necessary to establish and maintain the oversight entity and framework. The financial sector will welcome any clarity on this file after years of seeing the can kicked down the road, but it’s unclear what the implementation timeline will be.

Loser: Canadian pension funds

An increasingly loud debate has emerged about whether the country’s largest pension funds should invest more of their capital in Canada. They say they already invest here and higher returns can be found abroad, while proponents of the move argue money should be spent to help improve productivity and business investment at home. The government says it will create a working group led by the finance minister and former Bank of Canada governor Stephen Poloz to explore ways to spur spending in Canada, but it doesn’t appear to have a lot of teeth.

In the meantime, the government says it will require financial regulator OSFI to publish information about the investments of large federally regulated pension plans. That could see even higher scrutiny from climate change activists and interest groups hoping to sway investment decisions.

Winner: Cellphone and internet users

Wireless costs are too high, telecom industry watchers told MPs studying cellphone plans earlier this year, even as prices have been on the decline in recent years.

In the budget, the government says it will make it easier to renew or switch between cellphone plans, something advocates say makes it easier to get a better rate. It also will require carriers to provide some kind of self-service option, like an online portal, so that customers can more easily switch plans.

Loser: Entertainment lovers

Canadians have long complained about soaring ticket prices for concerts and sporting match tickets. Those prices are more exorbitant when tickets are purchased from resellers who gobble up seats using “bot” technology the second they go on sale, keeping them out of the hands of fans.

The budget says the federal government will work with provinces and territories to adopt ticket sales best practices that reduce unexpected charges during the buying process, crack down on fraudulent sellers and ensure Canadians get timely refunds when events are cancelled. However, it offers no plan with enforceable measures or deadlines to accomplish these feats, which could leave Canadians battling scalpers even longer.

This report by The Canadian Press was first published April 16, 2024.

 

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France investigating disappearances of 2 Congolese Paralympic athletes

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PARIS (AP) — French judicial authorities are investigating the disappearance of two Paralympic athletes from Congo who recently competed in the Paris Games, the prosecutor’s office in the Paris suburb of Bobigny confirmed on Thursday.

Prosecutors opened the investigation on Sept. 7, after members of the athletes’ delegation warned authorities of their disappearance two days before.

Le Parisien newspaper reported that shot putter Mireille Nganga and Emmanuel Grace Mouambako, a visually impaired sprinter who was accompanied by a guide, went missing on Sept. 5, along with a third person.

The athletes’ suitcases were also gone but their passports remained with the Congolese delegation, according to an official with knowledge of the investigation, who asked to remain anonymous as they were not allowed to speak publicly about the case.

The Paralympic Committee of the Democratic Republic of Congo did not respond to requests for information from The Associated Press.

Nganga — who recorded no mark in the seated javelin and shot put competitions — and Mouambako were Congo’s flag bearers at the opening ceremony of the Paralympic Games, organizers said.

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AP Paralympics:

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A linebacker at West Virginia State is fatally shot on the eve of a game against his old school

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CHARLESTON, W.Va. (AP) — A linebacker at Division II West Virginia State was fatally shot during what the university said Thursday is being investigated by police as a home invasion.

The body of Jyilek Zyiare Harrington, 21, of Charlotte, North Carolina, was found inside an apartment Wednesday night in Charleston, police Lt. Tony Hazelett said in a statement.

Hazelett said several gunshots were fired during a disturbance in a hallway and inside the apartment. The statement said Harrington had multiple gunshot wounds and was pronounced dead at the scene. Police said they had no information on a possible suspect.

West Virginia State said counselors were available to students and faculty on campus.

“Our thoughts and prayers are with Jyilek’s family as they mourn the loss of this incredible young man,” West Virginia State President Ericke S. Cage said in a letter to students and faculty.

Harrington, a senior, had eight total tackles, including a sack, in a 27-24 win at Barton College last week.

“Jyilek truly embodied what it means to be a student-athlete and was a leader not only on campus but in the community,” West Virginia State Vice President of Intercollegiate Athletics Nate Burton said. “Jyilek was a young man that, during Christmas, would create a GoFundMe to help less fortunate families.”

Burton said donations to a fund established by the athletic department in Harrington’s memory will be distributed to an organization in Charlotte to continue his charity work.

West Virginia State’s home opener against Carson-Newman, originally scheduled for Thursday night, has been rescheduled to Friday, and a private vigil involving both teams was set for Thursday night. Harrington previously attended Carson-Newman, where he made seven tackles in six games last season. He began his college career at Division II Erskine College.

“Carson-Newman joins West Virginia State in mourning the untimely passing of former student-athlete Jyilek Harrington,” Carson-Newman Vice President of Athletics Matt Pope said in a statement. “The Harrington family and the Yellow Jackets’ campus community is in our prayers. News like this is sad to hear anytime, but today it feels worse with two teams who knew him coming together to play.”

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Hall of Famer Joe Schmidt, who helped Detroit Lions win 2 NFL titles, dies at 92

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DETROIT (AP) — Joe Schmidt, the Hall of Fame linebacker who helped the Detroit Lions win NFL championships in 1953 and 1957 and later coached the team, has died. He was 92.

The Lions said family informed the team Schmidt died Wednesday. A cause of death was not provided.

One of pro football’s first great middle linebackers, Schmidt played his entire NFL career with the Lions from 1953-65. An eight-time All-Pro, he was enshrined into the Pro Football Hall of Fame in 1973 and the college football version in 2000.

“Joe likes to say that at one point in his career, he was 6-3, but he had tackled so many fullbacks that it drove his neck into his shoulders and now he is 6-foot,” said the late Lions owner William Clay Ford, Schmidt’s presenter at his Hall of Fame induction in 1973. “At any rate, he was listed at 6-feet and as I say was marginal for that position. There are, however, qualities that certainly scouts or anybody who is drafting a ballplayer cannot measure.”

Born in Pittsburgh, Schmidt played college football in his hometown at Pitt, beginning his stint there as a fullback and guard before coach Len Casanova switched him to linebacker.

“Pitt provided me with the opportunity to do what I’ve wanted to do, and further myself through my athletic abilities,” Schmidt said. “Everything I have stemmed from that opportunity.”

Schmidt dealt with injuries throughout his college career and was drafted by the Lions in the seventh round in 1953. As defenses evolved in that era, Schmidt’s speed, savvy and tackling ability made him a valuable part of some of the franchise’s greatest teams.

Schmidt was elected to the Pro Bowl 10 straight years from 1955-64, and after his arrival, the Lions won the last two of their three NFL titles in the 1950s.

In a 1957 playoff game at San Francisco, the Lions trailed 27-7 in the third quarter before rallying to win 31-27. That was the NFL’s largest comeback in postseason history until Buffalo rallied from a 32-point deficit to beat Houston in 1993.

“We just decided to go after them, blitz them almost every down,” Schmidt recalled. “We had nothing to lose. When you’re up against it, you let both barrels fly.”

Schmidt became an assistant coach after wrapping up his career as a player. He was Detroit’s head coach from 1967-72, going 43-35-7.

Schmidt was part of the NFL’s All-Time Team revealed in 2019 to celebrate the league’s centennial season. Of course, he’d gone into the Hall of Fame 46 years earlier.

Not bad for an undersized seventh-round draft pick.

“It was a dream of mine to play football,” Schmidt told the Detroit Free Press in 2017. “I had so many people tell me that I was too small. That I couldn’t play. I had so many negative people say negative things about me … that it makes you feel good inside. I said, ‘OK, I’ll prove it to you.’”

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