The Bank of Canada says the first quarter of 2021 will witness a decline in GDP, and vulnerable service-industry workers are likely to be hit the hardest by the recent and ongoing lockdowns.

On Biden’s first day in the presidential office, it is being reported that he will sign multiple executive orders including one that would revoke the construction permit for the Keystone XL pipeline. The permit was initially granted by President Donald Trump.

“There has probably not been a better time to be wealthy in America than today”, adjunct professor Peter Atwater told Bloomberg.

The Canadian oil and gas industry has been hamstrung by anti-development, anti-oil and gas activist organizations who have successfully impeded the ability to build pipelines for the past six years.

On December 21st, the group Entrepreneurs en Action (EAQ, entrepreneurs in action) filed a lawsuit seeking to nullify the health emergency decrees in Quebec.

Despite economic uncertainty and gloomy prospects for Canada’s recovery, the Trudeau government announced it will hike its carbon tax from its current $30.00 per tonne price to $170.00 per tonne.

On Thursday, December 10, Hudson’s Bay Company announced that they are asking an Ontario court to review the Ford provincial government’s decision to shut down non-essential retailers on the behalf of “thousands of large and small retailers in Toronto and Peel”.

On Tuesday, December 8, the Greater Seattle Chamber of Commerce filed a lawsuit against the City of Seattle for “unlawfully imposing an unconstitutional tax on the right to earn a living.”

With the expected announcement of the “Clean Fuel Standard” possibly only a few weeks away, there are some key points that Canadians should know before they will have to start paying for another costly regulatory policy.

Canada’s budget deficit is set to hit the historical figure of C$381.6 billion as the federal government’s spending continues. The Trudeau government is also considering another C$100bn stimulus package once the virus is curtailed.