Trudeau announced the launch of the program on June 25. The Canada Student Service Grant program gradually took shape over a period of weeks, initially including the possibility of a scholarship or bursary, and eventually fixed sums linked to the number of hours spent volunteering.īy proroguing Parliament, Trudeau put a temporary end to the four committees that have spent the summer probing the decision to enlist WE Charity, which has close connections to the families of the prime minister and Bill Morneau, who resigned as finance minister this week. The documents contain numerous exchanges between federal civil servants, ministerial staff and WE Charity officials about the plan to have the Toronto-based organization run a multimillion-dollar program encouraging students to volunteer during the COVID-19 pandemic. Prime Minister Justin Trudeau ordered the 5,000-plus pages released to MPs on the House of Commons finance committee Tuesday as he announced the prorogation of Parliament until Sept. As such, the future of the company is certain, so instead of the likelihood of going bankrupt, the company is able to continue its normal operations.Opposition parties are taking issue with the black ink applied to many of the thousands of pages of newly released documents about the WE Charity controversy, suggesting the redactions are part of a continuing coverup by the federal Liberals. When a company is in the black, it is said to be profitable, financially solvent, and not overburdened by debt (manageable debt is not an issue). The expression "in the black" is commonly heard in the financial world and refers to a company's most recent financial status, generally its last accounting period. On financial statements today that don't use ink, negative numbers are typically entered in parenthesis or with a minus sign.
Both terms, in the black and in the red, can also refer to an individual's personal finances.
Companies that are unprofitable and showing a loss are said to be in the red.
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