January 24th, 2022

Business

Vaccine mandate reprieve for truckers won’t solve supply chain issues: Industry

By Christopher Reynolds, The Canadian Press on January 13th, 2022

MONTREAL – The federal government’s last-minute decision to backtrack on a vaccine mandate for truckers will do little to relieve pressure on strained supply chains or prevent price hikes for food and other goods, industry insiders say. The Canada Border Services Agency said Wednesday evening it would not require unvaccinated Canadian truck drivers to quarantine ... Read More »

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Supreme Court halts COVID-19 vaccine rule for US businesses

By Mark Sherman, The Associated Press on January 13th, 2022

WASHINGTON (AP) – The Supreme Court has stopped the Biden administration from enforcing a requirement that employees at large businesses be vaccinated against COVID-19 or undergo weekly testing and wear a mask on the job. At the same time, the court is allowing the administration to proceed with a vaccine mandate for most health care ... Read More »

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Ottawa’s backtrack on trucker vaccine mandate changes little, sector says

By The Canadian Press on January 13th, 2022

MONTREAL – Truckers say the federal government’s backtrack on a slated vaccine mandate changes little for the industry and an already strained supply chain. The Canada Border Services Agency said Wednesday evening it would not require unvaccinated Canadian truck drivers to quarantine when they re-enter the country, reversing plans announced in mid-November and scheduled to ... Read More »

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New year financial review should include will, estate planning: Experts

By Craig Wong, The Canadian Press on January 13th, 2022

OTTAWA – Many Canadians put aside time early in the new year for a review of their finances and experts say a look at your will should be a part of the process in order to insure your estate plans are up to date. Lawyer Wendi Crowe says you don’t need to update your will ... Read More »

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S&P/TSX composite edges higher in late-morning trading, U.S. stock markets mixed

By The Canadian Press on January 13th, 2022

TORONTO – Canada’s main stock index edged higher in late-morning trading, helped by gains in the financial sector, while U.S. stock markets were mixed. The S&P/TSX composite index was up 10.95 points at 21,405.95. In New York, the Dow Jones industrial average was up 121.07 points at 36,411.39. The S&P 500 index was down 13.75 ... Read More »

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Cannabis companies facing ‘crossroads’ selling off stores, farms and warehouses

By The Canadian Press on January 13th, 2022

TORONTO – Cannabis companies are selling off growing facilities, stores and warehouses as they try to better align their offerings with demand. Industry observers say demand for cannabis is high, but there are so many assets available for sale right now because companies have misjudged what consumers want. They say companies are looking to off-load ... Read More »

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Canada joins with Mexico to dispute how U.S. interprets USMCA auto rules of origin

By The Canadian Press on January 13th, 2022

WASHINGTON – Canada is joining forces with Mexico to challenge how the United States is interpreting the new rules that govern duty-free cars and trucks. Mexico last week asked for a dispute resolution panel to challenge the stringent U.S. interpretation of the auto rules of origin enshrined in the U.S.-Mexico-Canada Agreement. Rules of origin in ... Read More »

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Saputo announces management shuffle as Kai Bockmann steps down as president, COO

By The Canadian Press on January 13th, 2022

MONTREAL – Dairy giant Saputo Inc. says Kai Bockmann is stepping down as the company’s president and chief operating officer ahead of his retirement this March. The Montreal-based dairy processor says effective immediately Carl Colizza, president and chief operating officer of North America, and Leanne Cutts, president and chief operating officer of international and Europe, ... Read More »

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U.S. jobless claims rise by 23,000 to 230,000

By Paul Wiseman, The Associated Press on January 13th, 2022

WASHINGTON (AP) – The number of Americans applying for unemployment benefits rose last week to the highest level since mid-November. U.S. jobless claims climbed by 23,000 last week to 230,000, still low by historic standards. The four-week moving average, which smooths out week-to-week blips, was up nearly 6,300 to almost 211,00. The weekly applications, a ... Read More »

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TV and radio broadcaster Corus Entertainment reports Q1 revenue up 10% from year ago

By The Canadian Press on January 13th, 2022

TORONTO – Corus Entertainment Inc. reported its first-quarter profit edged lower compared with a year ago as its revenue grew 10 per cent. The television and radio broadcaster says it earned net income attributable to shareholders of nearly $76.2 million or 36 cents per diluted share for the quarter ended Nov. 30. The result compared ... Read More »

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Unvaccinated Canadian truckers will not have to quarantine when crossing border: CSBA

By The Canadian Press on January 13th, 2022

Only days before Canadian truck drivers were required to be fully vaccinated for COVID-19 to get into the country or face quarantine, the federal government is backing away from the vaccine mandate. The new rule will still take effect for American truckers starting this weekend, with drivers being turned away at the border unless they’ve ... Read More »

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