Government North America 

Canada’s deficit will be unsustainable in 1-2 years: Parliamentary Budget Officer

Canada’s Parliamentary Budget Officer Yves Giroux says that the deficit will soon become unsustainable if the Trudeau government continues its current spending levels. On Sunday, Giroux warned that any new spending commitments without a plan to decrease the deficit might spell fiscal disaster. “It’s without a doubt that we cannot afford deficits of over $300 billion for more than just a few years. And when I say a few years, I really mean a year or two. Beyond that, it would become unsustainable,” he said. “So if the government has…

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NSCDC arrests farmer over alleged murder of herdsman in Oyo

Operatives of the Nigeria Security and Civil Defence Corps (NSCDC) have arrested a 27-year-old farmer over alleged murder of a rancher, Shuaib Adamu, in Oyo State.The corps’ Public Relations Officer, Oluwole Olusegun, who divulged this in a statement, stated the rancher was killed after he allowed his livestock to graze on the suspect’s farm at Elega Town, in the Ogbomosho area of Oyo State.The farmer, who is a native of Ogbomosho, was arrested by the corps’ Agro Rangers Squad on Friday. NSCDC officer apprehended for defiling 7-yr-old lady The statement…

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Covid19 North America 

Bank of Canada ventures into uncharted territory to fight coronavirus fallout

Surprise interest-rate cuts by central banks have become so commonplace over the last few weeks that they no longer shock. The Bank of Canada slashed its benchmark interest rate by a half point on March 27, dropping the benchmark to 0.25 per cent, the lowest the central bank thinks it can go without disrupting the proper functioning of financial markets. At the start of the month, the policy rate was 1.75 per cent. Never has Canada’s central bank reduced borrowing costs so quickly, an acknowledgement of the severity of the…

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