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Crown Corporations – XtremeCuztoms

Category: Crown Corporations

Taxpayer-Funded VIA Rail on Track to Lose $411 Billion in 2023

Taxpayer-funded Crown corporation VIA Rail will run at an estimated operating deficit of $411 billion this year, according to the company’s newest corporate plan. Despite layoffs and service cuts to try and slow steep losses, the railway is expected to continue to lose money for at least two more years, according to the report. The…


Insurance Brokers Criticize BC Report Claiming Province’s Auto Insurance Among Lowest in Canada

A report recently released by a Crown corporation in B.C. comparing how auto insurance rates in nearly every province are more pricey than in British Columbia is facing criticism. The report, commissioned by the Insurance Corporation of British Columbia (ICBC) and conducted by international accounting firm Ernst & Young (EY), was released on Dec. 8…