Monday, September 15, 2025

CBC Gets Another Payday As Parliament Remains Suspended

Canada’s Governor General has authorized $40.3 billion in government spending, including $178.1 million for the Canadian Broadcasting Corporation, as Parliament remains suspended for almost 100 days.

The special warrants were issued under subsection 30(1) of the Financial Administration Act, according to government documents released on Sunday.

“The appropriate ministers have reported that the payment of these sums is urgently required for the public good,” the Government of Canada stated on its website, noting that Parliament is not in session and no other appropriation mechanism is available.

Canada’s national debt stood at approximately $2.1 trillion as of March 2024, according to Finance Canada data, roughly double the level from 2015. Debt servicing costs for the 2024-25 fiscal year are projected at $54.1 billion, or about 1.8% of GDP.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

CBC Cuts Hundreds of Jobs as Advertising Revenue Falls, But Government Funding Rises

CBC earlier this week published its 2023-2024 annual report. The year has been a period...

Friday, October 11, 2024, 10:55:17 AM

Government Summons CBC President Over Bonus Issue Amid Job Cuts

Members of Parliament have called on CBC President Catherine Tait to testify before the House...

Friday, December 8, 2023, 12:07:00 PM

Heritage Minister Set to Unveil CBC Modernization Plan and Maybe A New CEO

The Canadian government is set to announce significant changes to CBC/Radio-Canada’s mandate in the coming...

Friday, October 4, 2024, 07:50:24 AM

Pierre Poilievre Declined CBC News’ 2022 Request to Discuss Threats to ‘Defund’

CBC-Radio Canada President and CEO Catherine Tait requested to meet with Conservative Party leader Pierre...

Friday, April 28, 2023, 11:02:00 AM

CBC President Doesn’t Rule Out Bonuses for Executives Despite Cutting 600 Jobs

In the wake of Canada’s public broadcaster, CBC, announcing mass layoffs, President Catherine Tait has...

Wednesday, December 6, 2023, 12:32:35 PM