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Ottawa proposes new target-benefit pension scheme

TORONTO — The best way to secure retirement for more Canadians is with a third option for pension plans, and not the way Ontario is approaching the problem by expanding the Canada Pension Plan, says Kevin Sorenson, minister of state for finance, on Thursday.

The federal government wants to create a target-benefit plan, or shared-risk plan, as an alternative to defined-benefit plans, generally favoured by workers, and defined-contribution plans, which are favoured by employers. It’s billing the new framework as a “sustainable and flexible” option, which will only be available for Crown corporations and federally-regulated workers in the transportation, banking and telecommunications sectors. READ

Speeding Ferrari driver sidelined, fined

Mounties say they’re appalled by the actions of a Ferrari driver from Langley, B.C., who used area roads as his personal race track. READ

Elections commissioner halts robocalls probe

A three-year investigation into allegations of fraudulent robocalls during the last federal election has found no evidence of intent to deceive voters nor any evidence of an orchestrated scheme beyond Guelph, Ont. READ

Canadians can bank on low interest rate environment for years to come: Poloz

Canadians can expect to enjoy relatively cheap borrowing costs for some time to come — perhaps years — even after the economy returns to full capacity and the Bank of Canada starts hiking interest rates, bank governor Stephen Poloz said Thursday. READ

Temporary foreign workers program has boosted joblessness: report

A new report by the C.D. Howe Institute is harshly critical of the federal government’s controversial temporary foreign workers program, saying it has spurred a higher unemployment rate in western Canada. READ

Alberta, Ottawa spend $1.35 million to keep province free of deadly pig virus

The federal and Alberta governments are spending $1.35 million on a plan to help keep diseases that kill pigs out of the province. READ

Extradition in Amanda Todd case could come before Dutch trial: prosecution

Dutch prosecutors says the possible extradition of a man accused of using the Internet to target underage girls, including B.C. teen Amanda Todd, won’t necessarily have to wait until after his trial in Holland. READ

Couillard officially becomes Quebec premier

Philippe Couillard has officially become Quebec premier after being sworn in at a ceremony this afternoon. READ

Cdn oil and gas look good to Europe amid Ukraine troubles: Polish ambassador

The Polish ambassador to Canada says the Russian invasion of Crimea is making Alberta’s oil and gas more attractive in European capitals. READ

In terms of the employment rate, Canada far from first in G7 during the recovery

Finance Minister Joe Oliver and his predecessor have been fond of trumpeting Canada’s economic and job creation performance since the recession, claiming it is unequalled among the Group of Seven large industrialized nations. READ

McDonald’s restaurants put foreign worker program on hold, conducts audit

McDonald’s Canada is putting its temporary foreign workers program on hold while a third party conducts an audit on its use of the plan. READ

Ottawa phases out unsafe rail tank cars

The federal government is ordering the 5,000 most dangerous tank cars off the rails as it adopts the major rail safety recommendations of the Transportation Safety Board in the wake of the tragedy last summer in Lac Megantic. READ

Hancock to meet with PM Harper next week to discuss Keystone pipeline

Alberta Premier Dave Hancock will meet with Prime Minister Stephen Harper in Ottawa next week to talk about the Keystone XL pipeline. READ

Humpback whales off B.C. coast removed from threatened species status

Ottawa no longer considers the North Pacific population of humpback whales a threatened species, which lifts many legal protections for the whales’ habitat. READ

1 in 3 Canadians suffered some form of child abuse

A new study says one in three adult Canadians suffered some form of child abuse in their past, adding this abuse is associated with a higher risk of mental health disorders later in life. READ

Ottawa must keep cap on ’reckless’ spending over next year: finance minister

Finance Minister Joe Oliver says he plans to resist pressures to stimulate the economy with federal money as Ottawa remains focused on bringing in a balanced budget next year. READ

Russia expels Canadian diplomat

Russia has expelled a first secretary at the Canadian embassy in Moscow in retaliation for the earlier expulsion of a Russian military attache from Ottawa. READ

Feds pull troublesome questions about Economic Action Plan ads

OTTAWA, Ont. — The Finance Department has ordered its pollsters to stop asking Canadians potentially embarrassing questions about Economic Action Plan advertising. READ

Restaurant investigated after Canadian workers dismissed

The federal government said Monday it is investigating a Saskatchewan restaurant where two long-serving waitresses say they and two others recently lost their jobs to temporary foreign workers. READ

’Housing First’ approach may put homeless youth last, report warns

A new report says the success of so-called “Housing First” programs could have a limited impact on young Canadians living on the streets. READ

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