logo
Municipal government per-person spending in Canada hit near record levels

Municipal government per-person spending in Canada hit near record levels

Cision Canada5 hours ago

VANCOUVER, BC, June 26, 2025 /CNW/ - Municipal government spending in Canada hit near record levels in recent years, finds a new study by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
"In light of record-high spending in municipalities across Canada, residents should consider whether or not crime, homelessness, public transit and other services have actually improved," said Austin Thompson, senior policy analyst at the Fraser Institute and author of The Expanding Finances of Local Governments in Canada.
From 2000 to 2023, per-person spending (inflation-adjusted) increased by 25.2 per cent, reaching a record-high $5,974 per person in 2021 before declining slightly to $5,851 in 2023, the latest year of available data.
During that same period, municipal government revenue—generated from property taxes and transfers from other levels of government—increased by 33.7 per cent per person (inflation-adjusted).
And yet, among all three levels of government including federal and provincial, municipal government spending (adjusted for inflation) has actually experienced the slowest rate of growth over the last 10 years, underscoring the large spikes in spending at all government levels across Canada.
"Despite claims from municipal policymakers about their dire financial positions, Canadians should understand the true state of finances at city hall so they can decide whether they're getting good value for their money," said Jake Fuss, director of fiscal studies at the Fraser Institute.
The Fraser Institute is an independent Canadian public policy research and educational organization with offices in Vancouver, Calgary, Toronto, and Montreal and ties to a global network of think-tanks in 87 countries. Its mission is to improve the quality of life for Canadians, their families and future generations by studying, measuring and broadly communicating the effects of government policies, entrepreneurship and choice on their well-being. To protect the Institute's independence, it does not accept grants from governments or contracts for research. Visit www.fraserinstitute.org
SOURCE The Fraser Institute

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Morguard North American Residential REIT 2025 Second Quarter Results Conference Call
Morguard North American Residential REIT 2025 Second Quarter Results Conference Call

Cision Canada

time40 minutes ago

  • Cision Canada

Morguard North American Residential REIT 2025 Second Quarter Results Conference Call

MISSISSAUGA, ON, June 26, 2025 /CNW/ - Morguard North American Residential Real Estate Investment Trust (the "REIT") (TSX: expects to announce its financial results for the quarters ended June 30, 2025 and 2024 on Tuesday, July 29, 2025. The REIT invites you to participate in a conference call on Thursday, July 31, 2025 at 3:00 p.m. (ET). An overview of the REIT's financial results will be provided by Chris Newman, CFO. A question and answer session will then follow. To participate in the conference call, please dial 1-416-945-7677 or 1-888-699-1199. Please quote conference ID 87267. To join the conference call without operator assistance, you may register and enter your phone number at to receive an instant automated call back. For those unable to participate, a taped replay will be available after the completion of the call from 6:00 p.m. (ET) until midnight on August 31, 2025. To access the replay, dial 1-289-819-1450 or 1-888-660-6345 and enter the encore replay entry code 87267 #. About Morguard North American Residential REIT The REIT is an unincorporated, open-ended real estate investment trust which owns, through a limited partnership, interests in Canadian residential apartment communities, located in Alberta and Ontario, and U.S. residential apartment communities located in Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia and Maryland. For more information, please visit

Webull Re-Enters Crypto Market with Launch in Brazil
Webull Re-Enters Crypto Market with Launch in Brazil

Cision Canada

time41 minutes ago

  • Cision Canada

Webull Re-Enters Crypto Market with Launch in Brazil

Expansion to Additional Regions Expected in the Coming Months ST. PETERSBURG, Fla., June 26, 2025 /CNW/ -- Webull Corporation (NASDAQ: BULL) ("Webull" or the "Company"), the owner of the Webull online investment platform, today announced its re-entry into the cryptocurrency market. Brazil, the largest market in Latin America, is the first region where Webull will make crypto trading available to its platform users. Additional market rollouts, including the U.S., are expected to take place over the coming months. Through a partnership with Coinbase, Webull users in Brazil can now buy and sell digital currencies directly within the platform. The crypto experience includes real-time trading, available 24/7, and offers access to popular digital assets such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Cardano (ADA). "Webull's re-entry into crypto restores access to one of our clients' favored asset classes while reflecting broader market demand for digital asset trading solutions," said Anthony Denier, Group President and US CEO at Webull. "Brazil is a rapidly growing market for digital assets, and this launch marks an important step as we bring crypto markets back to our users there through a seamless, secure, and scalable solution. This expansion uniquely positions Webull to deliver a robust digital asset trading experience for our users." Webull's expanded crypto offerings underscore its commitment to innovation and its mission to empower individual investors with educational tools and broad market access. By leveraging its global brokerage infrastructure, the Company is poised to offer a reliable and secure crypto trading experience in financial markets around the world. About Webull Corporation Webull Corporation (NASDAQ: BULL) owns and operates Webull, a leading digital investment platform built on next-generation global infrastructure. Through its global network of licensed brokerages, Webull offers investment services in 14 markets across North America, Asia Pacific, Europe, and Latin America. Webull serves more than 24 million registered users globally, providing retail investors with 24/7 access to global financial markets. Users can put investment strategies to work by trading global stocks, ETFs, options, futures, fractional shares, and digital assets through Webull's trading platform, which seamlessly integrates market data and information, its user community, and investor education resources. Learn more at You may also access certain information on Webull and its securities on the website of the SEC at where Webull will, among others, be filing reports, such as Reports on Form 6-K and its Annual Report on Form 20-F. Cautionary Note Regarding Forward-Looking Statements This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained in this press release or other statements of the Company are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including "anticipate," "expect," "suggests," "plan," "believe," "predict," "potential," "seek," "future," "propose," "continue," "intend," "estimates," "targets," "projects," "should," "could," "would," "may," "will," "forecast" or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology. All forward-looking statements are based upon current estimates and forecasts and reflect the reasonable views, assumptions, expectations, and opinions of the Company and its management as of the date of this press release, and are therefore subject to a number of factors, risks and uncertainties, some of which are not currently known to the Company and its management and could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to: (1) the ability of the Company to capitalize on the anticipated benefits of the business combination, to grow and manage growth profitably, maintain relationships and deepen engagement with users, customers and suppliers, and retain its management and key employees; (2) the reliance of key functions of the Company's business on third-parties and the risk that the Company's platform and systems rely on software and applications that are highly technical and may contain undetected errors that could result in unexpected network interruptions, failures, security breaches, or computer virus attacks; (3) the risks associated with the Company's global operations and continued global expansion, including, but not limited to, the risks related to complex or constantly evolving political or regulatory environments that may result in substantial costs or require adverse changes to the Company's business practices; (4) the Company's estimates of expenses and costs (including costs related to the business combination), of profitability or of other operational and financial metrics as well as the Company's expectations regarding demand for and market acceptance of its products and service; (5) the Company's reliance on trading related income, including payment for order flow ("PFOF"), and the risk of new regulation or bans on PFOF and similar practices; (6) the Company's exposure to fluctuations in interest rates, rapidly changing interest rate environments, volatile prices of securities and trading volumes; (7) the Company's reliance on a limited number of market makers and liquidity providers to generate a large portion of its revenues, and the negative impact of the loss of any of those market makers or liquidity providers; (8) the effects of competition in the Company's industry and the Company's need to constantly innovate and invest in new markets, products, technologies or services to retain, attract and deepen engagement with users; (9) changes in international trade policies and trade disputes that could result in tariffs, taxes or other protectionist measures adversely affecting our business; (10) risks related to general political, economic and business conditions globally and in jurisdictions where the Company operates; (11) risk of further actions taken by various government bodies in the United States that have made the Company the subject of inquiries and investigations relating to concerns about our connections to China; (12) the risk that the failure to protect customer data and privacy or to prevent security breaches relating to the Company's platform could result in economic loss, damage to its reputation, deter customers from using its products and services, and expose it to legal penalties and liability; (13) risks related to the Company's need as a regulated financial services company to develop and maintain effective compliance and risk management infrastructures as well as to maintain capital levels required by regulators and self-regulatory organizations; (14) the ability to meet, or continue to meet, stock exchange listing standards; (15) the possibility of adverse developments in pending or new litigation and regulatory investigations; (16) risks related to the Company's securities and its status as a foreign private issuer and the fact that the information the Company is required to file with or furnish to the SEC may be less extensive and less timely compared to that required to be filed with the SEC by U.S. domestic issuers; (17) the effectiveness of the Registration Statement for resales or exercises of our warrants throughout the 30-day Redemption Period (as defined in the Warrant Agreement) as well as the risks related to the offer and resale of our securities, such as dilution from the issuance of additional Class A Ordinary Shares upon the exercise of warrants, and increased volatility, or significant declines, in the price of our securities based on increased trading activity and the perception that sales of our securities may occur; and (18) other risks and uncertainties that are more fully described in filings made, or to be made, by the Company with the SEC, including in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in the Company's filings with the SEC. The foregoing list of factors is not exhaustive. Reported results should not be considered an indication of future performance. There may be additional risks that the Company and its management presently do not know about or that the Company and its management currently believe are immaterial that could also cause actual results to differ materially from those contained in the forward-looking statements. In light of these factors, risks and uncertainties, the forward-looking events and circumstances discussed in this press release may not occur, and any estimates, assumptions, expectations, forecasts, views or opinions set forth in this press release should be regarded as preliminary and for illustrative purposes only and accordingly, undue reliance should not be placed upon the forward-looking statements. The Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Webull Media Relations 5W Public Relations Nicholas Koulermos [email protected] (212) 999-5585 SOURCE Webull Corporation

TIME Magazine recognizes TELUS as most sustainable North American telecommunications company in 2025 Français
TIME Magazine recognizes TELUS as most sustainable North American telecommunications company in 2025 Français

Cision Canada

time41 minutes ago

  • Cision Canada

TIME Magazine recognizes TELUS as most sustainable North American telecommunications company in 2025 Français

TELUS was recognized as the most sustainable telecommunications company in North America, further underscoring its commitment to social capitalism and environmental stewardship spanning more than two decades TELUS earns additional prestigious recognition from Corporate Knights, Newsweek and Schneider Electric for sustainability excellence VANCOUVER, BC, June 26, 2025 /CNW/ - Today, TELUS proudly announced that it has been recognized by TIME Magazine and Statista in their second annual list of the World's Most Sustainable Companies. With recent research showing that 58 per cent of Canadian companies have significant opportunities to enhance their sustainability reporting, this recognition underscores the critical need for corporate leadership and demonstrates how organizations can drive meaningful environmental progress. TIME Magazine's World's Most Sustainable Companies were selected through a rigorous process analyzing over 20 key performance indicators, with only 500 companies out of more than 5,000 eligible organizations worldwide earning recognition for delivering impactful sustainability outcomes. This prestigious acknowledgment reflects TELUS' proven track record of global leadership in corporate citizenship, philanthropy, innovation management, and comprehensive environmental and social reporting spanning more than two decades. TELUS' leadership in sustainability has been further recognized across multiple prestigious global assessments in 2025, including Corporate Knights' Canada's Best 50, earning inclusion in Newsweek's World's Greenest Companies, and receiving a Schneider Electric Sustainability Impact Award for excellence in strategy, digitization, and decarbonization. This recognition builds on TELUS' exceptional track record of sustainability leadership, including being listed on the Dow Jones Sustainability Index's North American Index for 24 consecutive years, a feat unmatched by any other North American telecommunications company and inclusion in Corporate Knights' Global 100 Most Sustainable Corporations. TELUS' commitment to transparency and accountability is further demonstrated through its 25th annual Sustainability Report, reflecting a quarter-century of comprehensive environmental and social reporting that underscores TELUS' enduring dedication to sustainable business practices. "These four important recognitions from TIME Magazine, Corporate Knights, Newsweek and Schneider Electric reinforce our organization's global leadership in social capitalism," said Jill Schnarr, Chief Social Innovation, Communications and Brand Officer, TELUS. "Thanks to our team's extraordinary efforts, we continue to advance innovative solutions that reduce our environmental impact and help our customers and communities create a healthier, more sustainable planet. I am proud of our team's passion for driving positive change and delivering measurable environmental, social and economic benefits in every global community where we operate. Together, we are fostering a more sustainable and friendly future for generations to come." Driven by its leadership in social capitalism, TELUS has committed to ambitious science-based greenhouse gas emission reduction targets and is continuing to implement sustainable practices across its business including: Sourcing 100 per cent of electricity requirements from renewable or low-emitting sources by the end of 2025, building on our climate commitment. Enabling reforestation and nature restoration by planting, with our partners, over 20 million trees over the past 20 years — covering an area larger than the City of Vancouver. In 2024 alone, on behalf of our partners, we planted over eight million trees across Canada, supporting the restoration of more than 5,300 hectares of terrestrial ecosystems. Diverting 15 million devices from landfills, including the upcycling and recycling of 4 million mobile devices since 2005. Advancing sustainable network infrastructure through our copper retirement program, migrating 99% of our eligible internet customers from copper to TELUS PureFibre Internet. TELUS PureFibre uses Canada's most sustainable internet technology — 85% more energy efficient than traditional networks. Supporting the circular economy through copper reclamation and recycling, enabling a reduction of 9,300 tonnes of GHG emissions — equal to removing nearly 2,000 cars from roads for a year. Becoming the first company in Canada to issue a Sustainability-Linked Bond (SLB) formally linking TELUS financing to our environmental performance. Since our inaugural offering, we have issued five more SLBs (two in 2022, two in 2023, and one in 2024) totalling $3.7 billion CAD and $900 million USD. To learn more about TELUS' commitment to social capitalism and sustainability, visit About TELUS TELUS (TSX: T, NYSE: TU) is a world-leading communications technology company operating in more than 45 countries and generating over $20 billion in annual revenue with more than 20 million customer connections through our advanced suite of broadband services for consumers, businesses and the public sector. We are committed to leveraging our technology to enable remarkable human outcomes. TELUS is passionate about putting our customers and communities first, leading the way globally in client service excellence and social capitalism. Our TELUS Health business is enhancing more than 150 million lives across 200 countries and territories through innovative preventive medicine and well-being technologies. Our TELUS Agriculture & Consumer Goods business utilizes digital technologies and data insights to optimize the connection between producers and consumers. Guided by our enduring 'give where we live' philosophy, TELUS, our team members and retirees have contributed $1.8 billion in cash, in-kind contributions, time and programs including 2.4 million days of service since 2000, earning us the distinction of the world's most giving company. For more information, visit or follow @TELUSNews on X and @Darren_Entwistle on Instagram.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store