Quebec economy minister has no regrets despite ethics commissioner's recommendation he be reprimanded - CTV News Montreal | Canada News Media
Connect with us

Economy

Quebec economy minister has no regrets despite ethics commissioner's recommendation he be reprimanded – CTV News Montreal

Published

 on


QUEBEC CITY —
Quebec’s Minister of Economy and Innovation Pierre Fitzgibbon says he has no regrets over his actions to attempt to divest himself of his private business interests since the 2018 provincial election.

His declaration comes despite a new report from the National Assembly Ethics Commissioner that recommends reprimanding Fitzgibbon.

In her report tabled Tuesday, Ariane Mignolet noted shortcomings in the declaration of the minister’s interests in certain companies that deal with the government.

Last month, Fitzgibbon was censured by the National Assembly in a historic first.

In addition, the commissioner criticized the minister’s lack of cooperation in her investigation.

But Fitzgibbon, in a news conference Tuesday afternoon with Premier Francois Legault, said he tried but was unable to sell his interests in two private companies.

“I tried to sell them, but I didn’t even get any offers,” Fitzgibbon said, explaining that the unnamed companies are small technology companies in which he has invested.

He said he will not resign from his position. Instead, the CAQ government will institute a temporary firewall so that if the companies in which Fitzgibbon has invested approach the government’s investment agency, known as Investissement Quebec, then Fitzgibbon would automatically recuse himself from dealing with the file. Companies with ties to the minister will also be discouraged from approaching the government for financial aid or grants.

Fitzgibbon will also voluntarily file a special statement of his business interests in the two private companies twice a year with the ethics commissioner.

Fitzgibbon and Legault said the Ethics Code is outdated since it could not accommodate “unusual” cases like the one faced by the minister but which are now more commonplace than when it was first implemented.

The premier said he will work with opposition parties to update the code, adding it is a delicate matter and he understands the need for input from the opposition.

Premier Legault said Quebec is lucky to have Fitzgibbon given his business pedigree and past involvement with Domtar, the National Bank and the Caisse de Depot.

Fitzgibbon said the first priority right now is to deal with the pandemic and that Quebec’s economic recovery is what he wants to focus on in the near future.

– With files from The Canadian Press 

 

Let’s block ads! (Why?)



Source link

Continue Reading

Economy

Minimum wage to hire higher-paid temporary foreign workers set to increase

Published

 on

 

OTTAWA – The federal government is expected to boost the minimum hourly wage that must be paid to temporary foreign workers in the high-wage stream as a way to encourage employers to hire more Canadian staff.

Under the current program’s high-wage labour market impact assessment (LMIA) stream, an employer must pay at least the median income in their province to qualify for a permit. A government official, who The Canadian Press is not naming because they are not authorized to speak publicly about the change, said Employment Minister Randy Boissonnault will announce Tuesday that the threshold will increase to 20 per cent above the provincial median hourly wage.

The change is scheduled to come into force on Nov. 8.

As with previous changes to the Temporary Foreign Worker program, the government’s goal is to encourage employers to hire more Canadian workers. The Liberal government has faced criticism for increasing the number of temporary residents allowed into Canada, which many have linked to housing shortages and a higher cost of living.

The program has also come under fire for allegations of mistreatment of workers.

A LMIA is required for an employer to hire a temporary foreign worker, and is used to demonstrate there aren’t enough Canadian workers to fill the positions they are filling.

In Ontario, the median hourly wage is $28.39 for the high-wage bracket, so once the change takes effect an employer will need to pay at least $34.07 per hour.

The government official estimates this change will affect up to 34,000 workers under the LMIA high-wage stream. Existing work permits will not be affected, but the official said the planned change will affect their renewals.

According to public data from Immigration, Refugees and Citizenship Canada, 183,820 temporary foreign worker permits became effective in 2023. That was up from 98,025 in 2019 — an 88 per cent increase.

The upcoming change is the latest in a series of moves to tighten eligibility rules in order to limit temporary residents, including international students and foreign workers. Those changes include imposing caps on the percentage of low-wage foreign workers in some sectors and ending permits in metropolitan areas with high unemployment rates.

Temporary foreign workers in the agriculture sector are not affected by past rule changes.

This report by The Canadian Press was first published Oct. 21, 2024.

— With files from Nojoud Al Mallees

The Canadian Press. All rights reserved.

Source link

Continue Reading

Economy

PBO projects deficit exceeded Liberals’ $40B pledge, economy to rebound in 2025

Published

 on

 

OTTAWA – The parliamentary budget officer says the federal government likely failed to keep its deficit below its promised $40 billion cap in the last fiscal year.

However the PBO also projects in its latest economic and fiscal outlook today that weak economic growth this year will begin to rebound in 2025.

The budget watchdog estimates in its report that the federal government posted a $46.8 billion deficit for the 2023-24 fiscal year.

Finance Minister Chrystia Freeland pledged a year ago to keep the deficit capped at $40 billion and in her spring budget said the deficit for 2023-24 stayed in line with that promise.

The final tally of the last year’s deficit will be confirmed when the government publishes its annual public accounts report this fall.

The PBO says economic growth will remain tepid this year but will rebound in 2025 as the Bank of Canada’s interest rate cuts stimulate spending and business investment.

This report by The Canadian Press was first published Oct. 17, 2024.

The Canadian Press. All rights reserved.

Source link

Continue Reading

Economy

Statistics Canada says levels of food insecurity rose in 2022

Published

 on

 

OTTAWA – Statistics Canada says the level of food insecurity increased in 2022 as inflation hit peak levels.

In a report using data from the Canadian community health survey, the agency says 15.6 per cent of households experienced some level of food insecurity in 2022 after being relatively stable from 2017 to 2021.

The reading was up from 9.6 per cent in 2017 and 11.6 per cent in 2018.

Statistics Canada says the prevalence of household food insecurity was slightly lower and stable during the pandemic years as it fell to 8.5 per cent in the fall of 2020 and 9.1 per cent in 2021.

In addition to an increase in the prevalence of food insecurity in 2022, the agency says there was an increase in the severity as more households reported moderate or severe food insecurity.

It also noted an increase in the number of Canadians living in moderately or severely food insecure households was also seen in the Canadian income survey data collected in the first half of 2023.

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

The Canadian Press. All rights reserved.

Source link

Continue Reading

Trending

Exit mobile version