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2010 Canadian Federal Budget
The Canadian federal budget for the 2010–11 fiscal year (April 1, 2010 – March 31, 2011) was presented to the House of Commons of Canada by Finance Minister Jim Flaherty on March 4, 2010 after returning from a two-month prorogued parliament. Areas of direction *$3.2 billion in personal income tax relief. *Over $4 billion in actions to create and protect jobs. *$7.7 billion in infrastructure stimulus to create jobs. *Nearly $2 billion to help create the "Economy of Tomorrow" *$2.2 billion to support industries and communities. * Fiscal spending of $1.6 billion on unemployment benefits and $1 billion in new skills and training programs. * Youth-related spending of $108 million During the budget speech on 4 March 2010, Flaherty announced the use of a polymer substrate for the upcoming Frontier Series of banknotes of the Canadian dollar and that future versions of the loonie ($1 coin) and toonie ($2 coin) would be made of steel instead ...
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40th Canadian Parliament
The 40th Canadian Parliament was in session from November 18, 2008 to March 26, 2011. It was the last Parliament of the longest-running minority government in Canadian history up to that point, that began with the previous Parliament. The membership of its House of Commons was determined by the results of the 2008 federal election held on October 14, 2008. Its first session was then prorogued by the Governor General on December 4, 2008, at the request of Prime Minister Stephen Harper, who was facing a likely no-confidence motion and a coalition agreement between the Liberal party and the New Democratic Party with the support of the Bloc Québécois (2008–2009 Canadian parliamentary dispute). Of the 308 MPs elected at the October 14, 2008 general election, 64 were new to Parliament and three sat in Parliaments previous to the 39th: John Duncan, Jack Harris and Roger Pomerleau. There were three sessions of the 40th Parliament. On March 25, 2011, the House of Commons pass ...
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Budget Speech
A budget is a calculation plan, usually but not always financial, for a defined period, often one year or a month. A budget may include anticipated sales volumes and revenues, resource quantities including time, costs and expenses, environmental impacts such as greenhouse gas emissions, other impacts, assets, liabilities and cash flows. Companies, governments, families, and other organizations use budgets to express strategic plans of activities in measurable terms. Preparing a budget allows companies, authorities, private entities or families to establish priorities and evaluate the achievement of their objectives. To achieve these goals it may be necessary to incur a deficit (expenses exceed income) or, on the contrary, it may be possible to save, in which case the budget will present a surplus (income exceed expenses). In the field of commerce, a budget is also a financial document or report that details the cost that a service will have if performed. Whoever makes the b ...
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2010 Government Budgets
1 (one, unit, unity) is a number, numeral, and glyph. It is the first and smallest positive integer of the infinite sequence of natural numbers. This fundamental property has led to its unique uses in other fields, ranging from science to sports, where it commonly denotes the first, leading, or top thing in a group. 1 is the unit of counting or measurement, a determiner for singular nouns, and a gender-neutral pronoun. Historically, the representation of 1 evolved from ancient Sumerian and Babylonian symbols to the modern Arabic numeral. In mathematics, 1 is the multiplicative identity, meaning that any number multiplied by 1 equals the same number. 1 is by convention not considered a prime number. In digital technology, 1 represents the "on" state in binary code, the foundation of computing. Philosophically, 1 symbolizes the ultimate reality or source of existence in various traditions. In mathematics The number 1 is the first natural number after 0. Each natural number, ...
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Canadian Budgets
Canadians () are people identified with the country of Canada. This connection may be residential, legal, historical or cultural. For most Canadians, many (or all) of these connections exist and are collectively the source of their being ''Canadian''. Canada is a multilingual and multicultural society home to people of groups of many different ethnic, religious, and national origins, with the majority of the population made up of Old World immigrants and their descendants. Following the initial period of French and then the much larger British colonization, different waves (or peaks) of immigration and settlement of non-indigenous peoples took place over the course of nearly two centuries and continue today. Elements of Indigenous, French, British, and more recent immigrant customs, languages, and religions have combined to form the culture of Canada, and thus a Canadian identity and Canadian values. Canada has also been strongly influenced by its linguistic, geographic, a ...
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Toonie
The toonie (also spelled twonie or twoonie), formally the Canadian two-dollar coin (, nicknamed or ), was introduced on February 19, 1996, by Minister of Public Works Diane Marleau. it possesses the highest monetary value of any circulating Canadian coin. The toonie is a bi-metallic coin which on the reverse side features an image of a polar bear by artist Brent Townsend. The obverse, since 2023, bears a portrait of King Charles III. It has the words "Charles III / "; . The coin is manufactured using a patented distinctive bi-metallic coin-locking mechanism. The coins are estimated to last 20 years. The discontinued two-dollar bill was less expensive to manufacture but lasted only one year on average. On April 10, 2012, the Royal Canadian Mint (RCM) announced design changes to the loonie and toonie, which include new security features. Coins minted prior to 2012 consist of an aluminum bronze inner core with a pure nickel outer ring; but in March–May 2012, the compo ...
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Loonie
The loonie (), formally the Canadian one-dollar coin, is a gold-coloured Canadian coin that was introduced in 1987 and is produced by the Royal Canadian Mint at its facility in Winnipeg. The most prevalent versions of the coin show a common loon, a bird found throughout Canada, on the reverse and Queen Elizabeth II, the nation's head of state at the time of the coin's issue, on the obverse. Various commemorative and specimen-set editions of the coin with special designs replacing the loon on the reverse have been minted over the years. Beginning in December 2023, a new version featuring King Charles III entered circulation, to replace the version featuring Elizabeth II. The coin's outline is an 11-sided Reuleaux polygon. Its diameter of and its 11-sidedness match that of the already-circulating Susan B. Anthony dollar in the United States, and its thickness of is a close match to the latter's . Its gold colour differs from the silver-coloured Anthony dollar; however, ...
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Banknotes Of The Canadian Dollar
Banknotes of the Canadian dollar are the banknotes or bills (in common lexicon) of Canada, denominated in Canadian dollars (CAD, C$, or $ locally). Currently, they are issued in $5, $10, $20, $50, and $100 denominations. All current notes are issued by the Bank of Canada, which released its first series of notes in 1935. The Bank of Canada has contracted the Canadian Bank Note Company to produce the Canadian notes since then. The current series of polymer banknotes were introduced into circulation between November 2011 and November 2013. Banknotes issued in Canada can be viewed at the Bank of Canada Museum in Ottawa. Currently produced series The currently produced banknote series of the Canadian dollar both consist of polymer banknote, polymer banknotes: the 7th series (Frontier), which was launched in 2011, and the 8th series (Vertical), which was launched in 2018. On 6 May 2023, Prime Minister Justin Trudeau announced that the $20 bill would be updated to feature the new ...
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Frontier Series
The Frontier () series is the seventh series of banknotes of the Canadian dollar released by the Bank of Canada, first circulated in 2011. The polymer banknotes were designed for increased durability and to incorporate more security features over the preceding 2001 Canadian Journey series. The notes feature images that focus on historic Canadian achievements and innovation. Printed on polymer, the 2011 Frontier series was the first series issued by the Bank of Canada printed on a material other than paper. The 2011 Frontier series is being followed by the Vertical series. The banknotes were designed by the Canadian Bank Note Company, which also prints the banknotes. They were revealed in June 2011. To familiarize Canadians with the new banknotes, each banknote was introduced through national and regional unveiling events and advertising campaigns before being put into circulation. The $100 banknote was released into circulation on 14 November 2011, the $50 banknote on 26 M ...
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Polymer
A polymer () is a chemical substance, substance or material that consists of very large molecules, or macromolecules, that are constituted by many repeat unit, repeating subunits derived from one or more species of monomers. Due to their broad spectrum of properties, both synthetic and natural polymers play essential and ubiquitous roles in everyday life. Polymers range from familiar synthetic plastics such as polystyrene to natural biopolymers such as DNA and proteins that are fundamental to biological structure and function. Polymers, both natural and synthetic, are created via polymerization of many small molecules, known as monomers. Their consequently large molecular mass, relative to small molecule compound (chemistry), compounds, produces unique physical property, physical properties including toughness, high rubber elasticity, elasticity, viscoelasticity, and a tendency to form Amorphous solid, amorphous and crystallization of polymers, semicrystalline structures rath ...
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Unemployment Benefits
Unemployment, according to the OECD (Organisation for Economic Co-operation and Development), is the proportion of people above a specified age (usually 15) not being in paid employment or self-employment but currently available for work during the reference period. Unemployment is measured by the unemployment rate, which is the number of people who are unemployed as a percentage of the labour force (the total number of people employed added to those unemployed). Unemployment can have many sources, such as the following: * the status of the economy, which can be influenced by a recession * competition caused by globalization and international trade * new technologies and inventions * policies of the government * regulation and market * war, civil disorder, and natural disasters Unemployment and the status of the economy can be influenced by a country through, for example, fiscal policy. Furthermore, the monetary authority of a country, such as the central bank, can ...
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Conservative Party Of Canada
The Conservative Party of Canada (CPC; , ), sometimes referred to as the Tories, is a Government of Canada, federal List of political parties in Canada, political party in Canada. It was formed in 2003 by the merger of the two main Right-wing politics, right-leaning parties, the Progressive Conservative Party of Canada, Progressive Conservative Party (PC Party) and the Canadian Alliance, the latter being the successor of the Western Canada, Western Canadian–based Reform Party of Canada, Reform Party. The party sits at the Centre-right politics, centre-right to the Right-wing politics, right of the Politics of Canada, Canadian political spectrum, with their federal rival, the Centrism, centre to Centre-left politics, centre-left Liberal Party of Canada, positioned to their left-wing politics, left. The Conservatives are defined as a "big tent" party, practicing "brokerage politics" and welcoming a broad variety of members, including "Red Tory, Red Tories" and "Blue Tory, Blue ...
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Prorogued
A legislative session is the period of time in which a legislature, in both parliamentary and presidential systems, is convened for purpose of lawmaking, usually being one of two or more smaller divisions of the entire time between two elections. A session may last for the full term of the legislature or the term may consist of a number of sessions. These may be of fixed duration, such as a year, or may be determined by the party in power. In some countries, a session of the legislature is brought to an end by an official act of prorogation, in others by a motion to adjourn ''sine die''. In either event, the close of a session generally brings an end to all unpassed bills in the legislature, which would have to be introduced anew to continue debate in the following session. Common procedure Historically, each session of a parliament would last less than one year, ceasing with a prorogation during which legislators could return to their constituencies. In more recent times, devel ...
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