October 17th, 2021

Business

Push to send vaccines to developing nations a global economic win: BoC chief

By Jordan Press, The Canadian Press on October 7th, 2021

OTTAWA – The governor of the Bank of Canada pressed the case for COVID-19 vaccines to be sent to developing nations as part of a broader push to not only end the pandemic, but aid Canada’s economic recovery and ease price pressures on consumer goods. In a speech Thursday, Tiff Macklem said the shots are ... Read More »

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Environment lobby calls out Carney’s climate finance credibility

By Mia Rabson, The Canadian Press on October 7th, 2021

OTTAWA – Former Bank of Canada governor Mark Carney’s credibility as a global climate finance leader is under fire as environment lobby groups say he is allowing some of the biggest banks to use him as cover to keep funding fossil fuels. Carney is widely expected to run for the federal Liberals in a future ... Read More »

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Ontario looks to allow permanent cannabis delivery, pickup for private stores

By The Canadian Press on October 7th, 2021

MISSISSAUGA, Ont. – Ontario wants to permanently give private cannabis retailers the option of offering delivery and curbside pickup. The proposal is part of a wide-ranging bill introduced in the legislature Thursday aimed at reducing red tape. Cannabis stores were given temporary permission to allow delivery and pickup during the pandemic. The government says the ... Read More »

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Phasing out gas generation by 2030 would lead to blackouts, higher bills: IESO

By The Canadian Press on October 7th, 2021

TORONTO – Ontario’s electricity system operator says phasing out natural gas generation by 2030 would result in rotating blackouts and higher electricity bills. The Independent Electricity System Operator examined the idea after 31 municipal councils in the province called for the move by the end of the decade. A report released today by the IESO ... Read More »

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Walmart Canada says it plans to hire 12,000 permanent new employees ahead of holidays

By The Canadian Press on October 7th, 2021

MISSISSAUGA, Ont. – Walmart Canada says it plans to hire 12,000 permanent new employees to staff its retail stores, warehouses and delivery trucks. The retailer says its hiring spree will include on-the-spot job interviews across the country on Oct. 14 and 15. It says new workers are needed primarily to fulfil online orders in stores, ... Read More »

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Macklem: Governments, private sector need to deliver vaccines to developing nations

By The Canadian Press on October 7th, 2021

OTTAWA – The governor of the Bank of Canada is pressing the case for COVID-19 vaccines to be sent to developing nations. Tiff Macklem says the pandemic is not just the biggest health risk facing the world, but also the largest economic risk. In a speech today, he says governments and the private sector must ... Read More »

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Agreement set on short-term debt limit fix, averting crisis

By Lisa Mascaro, Kevin Freking And Josh Boak, The Associated Press on October 7th, 2021

WASHINGTON (AP) – Senate Majority Leader Chuck Schumer said Thursday an agreement has been reached with Republicans to extend the government’s borrowing authority into December, temporarily averting a debt crisis. “Our hope is to get this done as soon as today,” Schumer declared as he opened the Senate. In their agreement, Republican and Democratic leaders ... Read More »

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Canadians face record national average gasoline prices ahead of Thanksgiving weekend

By The Canadian Press on October 7th, 2021

CALGARY – Canadians are being hit with all-time record gasoline prices heading into the Thanksgiving long weekend. Federal government data shows the average national retail price for regular gasoline in Canada hit $1.45 per litre this week. Fuel price consultancy firm Kalibrate, which has data all the way back to 2007, says these prices are ... Read More »

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S&P/TSX composite up in late morning trading, U.S. stock markets up

By The Canadian Press on October 7th, 2021

TORONTO – U.S. stock markets were up in in late-morning trading after American lawmakers reached a deal to extend the government’s borrowing, while Canada’s main stock index edged up as well. The S&P/TSX composite index was up 216.74 points at 20,408.40, with base metals and information technology leading the triple-digit increase. In New York, the ... Read More »

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Richelieu Hardware reports third-quarter profit and sales up from year ago

By The Canadian Press on October 7th, 2021

MONTREAL – Richelieu Hardware Ltd. says its third-quarter profit rose nearly 40 per cent compared with a year ago as sales also climbed higher. The maker of specialty hardware and other products says profit attributable to shareholders was $38.7 million or 69 cents per diluted share for the quarter ended Aug. 31. The result compared ... Read More »

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Agreement on short-term debt ceiling fix, averting crisis

By Lisa Mascaro, Kevin Freking And Josh Boak, The Associated Press on October 7th, 2021

WASHINGTON (AP) – Senate Majority Leader Chuck Schumer said Thursday an agreement has been reached with Republicans to extend the government’s borrowing authority into December, temporarily averting a debt crisis. “Our hope is to get this done as soon as today,” Schumer declared as he opened the Senate. In their agreement, Republican and Democratic leaders ... Read More »

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