Fed policymakers embrace more rate hikes, markets slightly less

People shop in a supermarket as inflation affected consumer prices in Manhattan, New York City, US, June 10, 2022. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register June 24 (Reuters) – A pair of US central bankers said Friday they supported further sharp rate hikes to stem rapid price increases, even … Read more

Ottawa must take emissions strategy seriously, says CME

Prime Minister Justin Trudeau speaks at the Commonwealth summit in Rwanda’s Kigali on June 23.Muhizi Olivier/The Associated Press A major Canadian industry group is sounding the alarm about companies’ willingness to reduce their greenhouse gas emissions, and is calling on the federal government to develop more focused industrial policies to support that transition. On Thursday, … Read more

Ottawa must take emissions strategy seriously, says CME

Prime Minister Justin Trudeau speaks at the Commonwealth summit in Rwanda’s Kigali on June 23.Muhizi Olivier/The Associated Press A major Canadian industry group is sounding the alarm about companies’ willingness to reduce their greenhouse gas emissions, and is calling on the federal government to develop more focused industrial policies to support that transition. On Thursday, … Read more

Toronto’s BlueCat sells for $700 million plus a slew of deals for Canadian tech companies

BlueCat co-founders Richard Hyatt, left, and Michael Hyatt._Beyond Infiniti Photography/Handout Toronto-based network security provider BlueCat Networks has been bought by a US private equity firm for more than $700 million, one of several Canadian technology acquisitions announced this week. The purchase by Audax Private Equity comes five years after US private equity firm Madison Dearborn … Read more

Tax & Spend: Time to Cut Back So Ottawa Doesn’t Have to

At the start of the pandemic, federal liberals often proclaimed that Ottawa was going into debt so Canadians wouldn’t have to. Hundreds of billions of dollars in additional federal debt and an unprecedented rise in family savings were testament to the liberals’ commitment to living that mantra. Two years later, however, the rise in inflation … Read more

Toronto could face a wave of condo project cancellations as costs rise

Toronto housing developers can cancel building up to 5,000 condo units as borrowing and building costs rise, according to an analysis by leading research group Urbanation Inc. Construction costs have risen across the country. Building a high-rise building in Toronto is now 21 percent more expensive than in the same quarter last year, according to … Read more

Solomon Islands tries to reassure Australia over security deal with China, Penny Wong announces 200,000 pediatric vaccines

Solomon Islands Prime Minister Manasseh Sogavare has tried to reassure Australia that there will be no military base on the Pacific island as a result of the security pact with China. Most important points: It was the first high-level visit to the Solomon Islands since the signing of the Security Pact Penny Wong announced the … Read more

Ottawa ‘definitely won’t reimburse’ officials who refused vaccination against COVID-19 and placed on unpaid leave

Intergovernmental Affairs Secretary Dominic LeBlanc makes an announcement about ending vaccine mandates for some travelers, transportation workers and federal employees in Ottawa on June 14, 2022.PATRICK DOYLE/The Canadian Press Officials placed on unpaid leave for refusing to be vaccinated against COVID-19 will not receive compensation for eight months of lost wages as vaccine mandates are … Read more

Exercise Can Reduce Your Desire to Drink Alcohol, Study Shows

lifestyle Jun 14, 2022 11:30 PM4 minutes to read Fighting alcohol cravings? Turns out some exercise can help. Photo/Getty Images Alcohol intoxication, particularly in Western cultures, is increasingly regarded as a socially acceptable behavior, and excessive alcohol consumption has been identified as a major problem among college students. One study found that 45-69 percent of … Read more

Morning update: Ottawa’s 2030 climate goals not achievable, says government analysis

Good morning, Confidential government documents reveal a wide gap between the federal liberals’ promised goal to reduce greenhouse gas emissions from the oil and gas industry and what an internal analysis says is achievable by 2030. The documents, which include findings from officials at the Department of Environment and Natural Resources, show that when Prime … Read more