Wednesday, July 29th11.5°C
27122
26306

Provinces and territories to discuss federal counteroffer on Canada Job Grant

OTTAWA - Ontario says taking hundreds of millions of dollars from provincial and territorial job training programs is still a sticking point in talks over a contentious federal proposal.

The proposed Canada Job Grant is supposed to provide $15,000 grants to eligible workers, with the cost divided among Ottawa, the provinces and employers.

But the provinces have resisted, saying it would take drain hundreds of millions of dollars from existing provincially run programs while asking them to pony up even more money for matching funds.

Jason Kenney, the minister in charge of getting a deal with the provinces, has offered to cover their portion of the proposed grants.

But his Ontario counterpart Brad Duguid says while that covers the additional $300 million that the provinces would have to find, it would still take $300 million out of their existing programs.

The other provincial and territorial ministers are expected to weigh in during a conference call today to discuss a Kenney counterproposal.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14077.36+75.99
S&P CDNX586.97+5.25
DJIA17630.27+189.68
Nasdaq5097.16+7.95
S&P 5002094.99+1.74
CDN Dollar0.7726-0.0013
Gold1096.40+0.10
Oil48.06-0.35
Lumber259.50+3.40
Natural Gas2.845+0.024

 
Okanagan Companies
Pacific Safety0.175-0.005
Knighthawk0.010.00
QHR Technologies Inc1.37+0.01
Cantex0.05+0.00
Anavex Life Sciences0.78-0.13
Metalex Ventures0.06-0.01
Russel Metals18.35-1.10
Copper Mountain Mining0.82+0.02
Colorado Resources0.06+0.00
ReliaBrand Inc0.0045-0.0022
Sunrise Resources Ltd0.03+0.00
Mission Ready Services0.15+0.00
Decisive Dividend Corp2.60-0.10

 





FEATURED Property
23701274050 Sunshine Road
3 bedrooms 4 baths
$625,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Chasing ducks

Photo: Thinkstock.comWhen businessmen tell me that being low priced is the only way to stay in business, I am skeptical. Price is the simplest way for a consumer to compare and is overused as the basi...


Taking care of business

Photo: Thinkstock.comRetirement as a goal has changed a lot over the years. There was a time, it was the only goal. You’d punch the clock and count the years until you could stop punching that t...


Income from home equity

Photo: Thinkstock.comWhen retirement funds run low, seniors often ask if tapping into the equity in their home is the right way to retain financial independence. To see if this option might be a good ...

_





26586


Member of BC Press Council


26465