LCBO wine sales fall as U.S. imports to Canada plunge 94%
The spring of 2025 may be the first time that many Canadian wine-loving families have gone without a California red on their dinner table.
As the largest export market for U.S. wines, Canada has seen imports come to a complete standstill amid a prevailing 'Buy Canada' sentiment, following U.S. President Donald Trump 's tariffs on his country's once closest ally, new Statistics Canada data shows.
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CBC
43 minutes ago
- CBC
Average Canadian family to save $280 next year from Liberal tax cut: PBO
The average Canadian family will save $280 on their taxes next year from the Liberal government's planned income tax cut, the parliamentary budget officer said in an analysis released on Wednesday. But some seniors and single Canadians are expected to save less, prompting criticism from Conservatives who argue the tax cut doesn't go far enough. The Liberal proposal would drop the tax rate to 14.5 per cent from 15 per cent on the first $57,375 of Canadians' taxable income this year, and down to 14 per cent next year. The promise was a pillar of the Liberal campaign during the spring federal election. At the time, Prime Minister Mark Carney's plan pitched annual savings of up to $825 per dual-income family. When the legislation was tabled through a ways and means motion late last month, Finance Canada projected maximum tax savings of $840 per couple. Yves Giroux, the parliamentary budget officer, said Wednesday that the average family likely won't get that much back. On a per-person basis, the average tax filer is estimated to save $90 on their 2025 income taxes because the tax cut only takes effect on July 1. The PBO expects that average will rise to $190 in savings next year. The PBO says a two-income couple in the second income bracket with a child would be expected to get the most back — $750 in average savings next year. For the average single Canadian with no children in the top tax bracket, the PBO said the typical savings would be roughly $350 annually. And a single senior in the first income bracket would get an average of $50 back next year. A single parent in the same tax bracket would save an average of $140. The PBO noted that the lower an individual's average income is, the less they can expect to save from a reduction in the first income tax bracket on a relative basis. Many low-income individuals also have existing tax credits to reduce their taxable income. The Conservative Party said in a statement Wednesday that the tax savings on a monthly basis wouldn't allow a low-income senior to buy a breakfast sandwich. The Official Opposition accused Carney of tinkering "on the margins to save Canadians mere cents a day." The Conservatives promised a steeper income tax cut of 2.25 percentage points during the election campaign, though that plan would have been phased in over four years. The Canadian Press reached out to Finance Minister François-Philippe Champagne for comment but has not yet received a response. The PBO priced the cost of the Liberal tax cut at nearly $64 billion over five years, though the net cost would be closer to $28 billion after taking into account associated reductions in federal tax credits under the plan. Finance Canada costed tax savings at around $27 billion over five years.
Calgary Herald
an hour ago
- Calgary Herald
Varcoe: 'It produced' – G7 leaders make 148 commitments at Kananaskis summit
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Cision Canada
an hour ago
- Cision Canada
Silver Viper Announces Concurrent Private Placement
VANCOUVER, BC, /CNW/ - Silver Viper Minerals Corp. (the " Company" or " Silver Viper") (TSXV: VIPR) (OTC: VIPRF) is pleased to announce that due to strong investor interest following the announcement of a $3.5 million non-brokered private placement (see June 3, 2025, news release), it now plans to carry out an additional non–brokered private placement under similar conditions. This concurrent offering is expected to include the issuance of up to 6,666,667 units (" Units") at a price of $0.30 per Unit. Each Unit will comprise one common share of the Company (a " Share") and one-half of one warrant (a " Warrant"). Each Warrant will allow the holder to purchase one Share at an exercise price of $0.50, valid for 24 months from the issuance date. Combined, both offerings are expected to generate total gross proceeds of up to $6 million. The Issuer intends to use the proceeds from the Offering for drilling and other exploration activities at La Virginia and for working capital and other general corporate purposes. The Offering is anticipated to close in a series of tranches, with the first tranche on or about June 25, 2025. The closing of the Offering is subject to certain conditions, including the approval of the TSX Venture Exchange and certain other conditions customary for a private placement of this nature. All Units issued in connection with the Offering will bear a legend indicating that they are subject to a trading restriction for a period of 12 months following the closing of the transaction. In connection with the Offering, certain individuals (each, a " Finder" and collectively, the " Finders") will be entitled to receive either: (i) a cash commission of up to 6.0% of the aggregate gross proceeds raised under the Offering from subscribers introduced to the Corporation by the Finder; or (ii) a number of units (the " Finder's Units") equal to up to 6.0% of the Units issued to such subscribers. The Finder's Units will have the same terms as the Units offered to subscribers under this Agreement. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release is not an offer or a solicitation of an offer of securities for sale in the United States, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. About the Company Silver Viper Minerals Corp. is a Canadian-based junior mineral exploration company focused on precious metals exploration in Mexico. The Company is the operator and 100% owner of the La Virginia Gold-Silver Project in Sonora. The Company continues to evaluate and advance mineral exploration opportunities across key mining jurisdictions in Mexico and in May 2025 entered into a definitive agreement to acquire the Cimarron Project in Sinaloa, Mexico. ON BEHALF OF THE BOARD OF DIRECTORS, Steve Cope President and CEO Follow us on social media: X: @SilverViperCorp LinkedIn: Silver Viper Minerals Corp. Facebook: Silver Viper Minerals YouTube: @SilverViperMinerals Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward Looking Information This news release may contain forward-looking statements, including statements with respect to the terms of the Offering, the receipt of regulatory approvals for the Offering, closing of the Offering and use of proceeds of the Offering. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Such factors include, among other things: risks and uncertainties relating to exploration and development, the ability of the Company to obtain additional financing, the need to comply with environmental and governmental regulations, fluctuations in the prices of commodities, operating hazards and risks, competition and other risks and uncertainties, including those described in the Company's financial statements, management discussion and analysis and/or annual information form available on The risk factors identified in such documents are not intended to represent a complete list of factors that could affect the Company. Actual results may differ materially from those currently anticipated in such statements and the Company undertakes no obligation to update such statements, except as required by law. SOURCE Silver Viper Minerals Corp.
