Protesters block major Canada-U.S. border crossing in Manitoba
Highway 75 blocked in both directions by farm equipment, semi-trailer trucks and more CBC News · Posted: Feb 10, 2022 Protesters in semi-trailer trucks, farm equipment and other vehicles have blocked all highway lanes at Manitoba’s main Canada-U.S. border crossing on Thursday. Simon Resch, whose family owns and operates the duty free shop in Emerson, Man., said both northbound […]
Five things to watch for in the Canadian business world in the coming week
The Canadian Press – Feb 7, 2022 Five things to watch for in the Canadian business world in the coming week: Trade numbers: Statistics Canada will release its international merchandise trade and services figures for December on Tuesday. Canada posted a merchandise trade surplus of $3.1 billion in November, despite the disruptions caused by flooding and […]
Canada lost 200,000 jobs in January as Omicron hit hard
Unemployment rate rises to 6.5%, job losses about double what was expected Pete Evans · CBC News Canada’s economy lost 200,000 jobs last month, according to Statistics Canada, as COVID-19 shutdowns related to the Omicron variant saw many businesses close up shop. The data agency reported Friday that the decline pushed the unemployment rate up half a per […]
Wall St set for fourth day of gains on Alphabet, AMD results
By Bansari Mayur Kamdar and Medha Singh (Reuters) -U.S. shares were set to extend gains for the fourth straight session on Wednesday after a turbulent start to the year, as Google-parent Alphabet (NASDAQ:GOOGL) and chipmaker Advanced Micro Devices (NASDAQ:AMD)’ shares surged following strong quarterly results. Alphabet Inc rose 8.2% after reporting record quarterly sales on […]
Health officials are hinting at ending COVID restrictions (and not because of the truckers)
While viruses such as smallpox and polio can be stamped out through aggressive vaccination, COVID-19 is simply too infectious to be eliminated entirely Tristin Hopper Publishing date: Jan 31, 2022 The overarching goal of Freedom Convoy 2022 was for the federal government to declare the immediate lifting of all COVID-19 mandates across Canada. It was, […]
Canada: Trudeau denounces anti-vaccine trucker protests
Canadian PM slams intimidation, vandalism and ‘racist flags’ at demonstrations organised by some far-right activists. By Al Jazeera StaffPublished On 31 Jan 202231 Jan 2022 Canadian Prime Minister Justin Trudeau has denounced “symbols of hatred and division” that were on display during mass demonstrations by anti-vaccine truckers and their supporters in the capital, Ottawa. Speaking to […]
Bank of Canada maintains policy rate, removes exceptional forward guidance
January 26, 2022 The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at ½ % and the deposit rate at ¼ %. With overall economic slack now absorbed, the Bank has removed its exceptional forward guidance on its policy interest rate. The Bank […]
National Bank of Canada buys over $600M worth of shares in Tesla (TSLA) and NIO (NIO)
Canada’s sixth largest commercial bank, National Bank of Canada, has made a large investment into electric vehicle (EV) makers Tesla and NIO. According to a 13F filing from January 24, 2022, the bank purchased and held 567,413 TSLA shares as of December 31, 2021. The filing discloses the total value of the investment at $599,661,000, equating to an […]
Production-Ready Looking Tesla Cybertruck Beta Breaks Cover
It looks slightly different to the last prototypes we saw and it’s undeniably closer to the final production look. Jan 24, 2022 at 4:49am ET Tesla really wants to to start Cybertruck production, although it’s not clear when, and the most recent estimate is early 2023, although there’s a chance it will still debut sometime this year. Progress on the electric […]
Does 5G affect aircraft?
Airlines worldwide rush to change flights over US 5G dispute The Canadian Press – Jan 19, 2022 / 6:43 am Airlines across the world, including the long-haul carrier Emirates, rushed Wednesday to cancel or change flights heading into the U.S. over an ongoing dispute about the rollout of 5G mobile phone technology near American airports. The […]