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While Canada's ten provinces and three territories exhibit high per capita GDPs, there is wide variation among them. Ontario, the country's most populous province, is a major manufacturing and trade hub with extensive linkages to the northeastern and midwestern United States. The economies of Alberta, Saskatchewan, Newfoundland and Labrador and ...
In 1841, the first Governor General of the new Province of Canada, Lord Sydenham, proposed the creation of a provincial central bank. He suggested that the province establish a bank which would have exclusive power to issue bank notes. The first issue would be for £1 million in provincial notes, but denominated in dollars. The notes would be ...
Rates were meant to be reduced to 14 and 13% on July 1, 2014 and July 1, 2015 respectively. However, the government has stated that the province cannot afford reductions. Nunavut: GST: 0: 5 Ontario: HST: 8: 13 Prince Edward Island: HST: 10: 15: The HST was increased one point to 15% on October 1, 2016. Quebec: GST + QST: 9.975: 14.975
The Ontario Financing Authority, which manages the provinces' debt, says that as of March 31, 2020 (for the 2019-20 fiscal year), the Ontario government's net debt is CDN $353.3 billion. [3] Net debt is projected to rise to $398 billion in 2020-21. The Debt-to-GDP ratio for 2019-2020 was 39.7%, and is projected to rise to 47.1% in 2020-21. [6]
In 2013–2014, Ontario's per capita payments were the lowest at $230.20. As of 2019–2020 Ontario stopped receiving equalization payments. Ontario will start receiving Equalization payments again for 2023–24. See also. List of Canadian provinces and territories by gross domestic product; Further reading
List of Canadian census agglomerations by province or territory. The tables below list Canada 's 117 census agglomerations at the 2016 Census, [1] as determined by Statistics Canada, up from 113 in the 2011 Census. [2]
The list of Canadian provinces by unemployment rate are statistics that directly refer to the nation's seasonally adjusted unemployment rate. Below is a comparison of the seasonally adjusted unemployment rates by province/territory, sortable by name or unemployment rate. Data provided by Statistics Canada's Labour Force Survey.
Trade discounts are given to try to increase the volume of sales being made by the supplier. The discount described as trade rate discount is sometimes called "trade discount". Trade discount is the discount allowed on retail price of a product or something. for e.g. Retail price of a cream is 25 and trade discount is 2% on 25.