Ontario to remove vaccine passport system on March 1, masking requirements to remain in place
All capacity limits in restaurants, bars, cinemas and gyms will be lifted on Thursday The Ontario government will remove its proof of vaccination system on March 1, and is moving up the second phase of its COVID-19 reopening plan to Thursday. The province said in a news release on Monday that, despite removing the vaccine passport system, businesses and other […]
Supercomputer helps Canadian researcher uncover thousands of viruses that could cause human diseases
Team discovered more than 130,000 RNA-based viruses, including 9 coronaviruses Tracking pathogens that could spark future pandemics is no easy feat, but thanks to the help of a supercomputer, a Canadian researcher is among a team of scientists who’ve uncovered thousands of viruses that might one day pose a threat to humans. Dubbed the Serratus Project, […]
Ottawa close to removing pre-arrival COVID-19 test for fully vaccinated Canadian travellers: sources
Testing travellers is pointless due to Omicron’s ubiquitous spread, say some doctors The federal government is close to removing mandatory PCR testing for fully vaccinated Canadians who travel outside Canada, sources tell CBC News. Currently any person who travels outside of the country must provide proof of a negative molecular test (such as a PCR test) prior […]
Aurora Cannabis Stock Trims Losses, Tops Estimates
Aurora Cannabis TSX:ACB) reported a loss of $75.1 million for the second quarter, with the cannabis company’s growth outlook shaky, as it attempts to expand in international markets. Aurora Cannabis stock reported a loss of $75.1 million, with net revenue falling 48% year over year. Adjusted EBITDA improved by 22% year over year to a loss […]
Canadian dollar adds to weekly gain as oil prices climb
TORONTO (Reuters) – The Canadian dollar strengthened against its U.S. counterpart on Friday as higher oil prices offset signs of domestic economic damage from the occupation by protesters of key border crossings between the United States and Canada. The price of oil, one of Canada’s major exports, rose after the International Energy Agency (IEA) said oil markets […]
Canadian pipeline operator Enbridge reports higher profit as oil volumes rise
By Arunima Kumar and Rod Nickel (Reuters) -Enbridge Inc reported a nearly 4% jump in fourth-quarter profit on Friday, as a recovery in fuel demand boosted the Canadian pipeline operator’s oil transportation volumes, but it missed earnings expectations. Pipeline operators have benefited from a pick-up in volumes with crude prices trading at multi-year highs. Oil […]
U.S. consumer prices post largest annual gain in 40 years; weekly jobless claims fall
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices rose solidly in January, leading to the biggest annual increase in inflation in 40 years, fueling financial markets speculation for a 50 basis points interest rate hike from the Federal Reserve next month. The broad increase in prices reported by the Labor Department on Thursday was […]
Wall St drops over 1% on hotter inflation data, Bullard’s hawkish comment
By Bansari Mayur Kamdar and Devik Jain (Reuters) -Megacap companies dragged U.S. stock indexes lower on Thursday after a hotter consumer prices reading and comments from St. Louis Federal Reserve Bank President James Bullard raised fears the Fed will act aggressively to counter inflation. The Labor Department data showed consumer prices surged 7.5% last month […]
NR Can announces next round of funding for EV awareness
Scott Nordlund The Minister of Natural Resources Canada announced another round of funding from the federal government for EV awareness. Natural Resources Canada will provide more than $450,000 split between two organizations to support zero-emission vehicle awareness projects. Electric Autonomy Canada receives $176,375 to develop and launch an awareness initiative for light and medium-duty fleets. The project will […]
Oilpatch optimism high in Sask. amid surging prices at the pump
Saskatchewan made nearly $15M selling Crown oil and gas rights in 2021-22 While Saskatchewan’s oil and gas sector stands to benefit from a recent surge in global oil prices, drivers are feeling the pain at the pump. Patrick De Haan, head of petroleum analysis at GasBuddy, said Canadian fuel prices are currently at or near record-highs as […]