December 5th, 2021

Business

Trans Mountain pipeline to restart Sunday after shutdown during B.C. floods

By The Canadian Press on December 5th, 2021

The Trans Mountain pipeline was set to restart Sunday following a three-week precautionary shutdown in response to record-setting rainfall, devastating flooding and landslides in British Columbia last month. Trans Mountain Corp. says it completed detailed investigations of the integrity of the 1,150-km pipeline that carries 300,000 barrels per day of petroleum products from Alberta to ... Read More »

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B.C. expands disaster financial assistance program after flooding, landslides

By The Canadian Press on December 5th, 2021

British Columbia has expanded emergency financial assistance for people affected by extensive flooding and landslides over the last three weeks. The Ministry of Public Safety says the province’s disaster financial assistance program is available to help eligible people recover from the impacts of a series of destructive storms between Nov. 14 and Dec. 2. It ... Read More »

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MPs on finance committee ready for review of Liberals’ latest pandemic aid package

By The Canadian Press on December 5th, 2021

OTTAWA – Opposition MPs are getting ready to review the Liberals’ latest package of pandemic aid and grill Finance Minister Chrystia Freeland about myriad economic issues. The 12-member House of Commons finance committee is scheduled to meet Monday to move the aid bill closer to a final vote before MPs leave on their holiday break ... Read More »

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‘All our margins are gone’: Supply chain challenges squeeze small businesses

By Tara Deschamps, The Canadian Press on December 5th, 2021

TORONTO – Before the COVID-19 pandemic, Helmi Ansari could get espresso makers and stainless steel water bottles manufactured within three months and delivered to Canada by boat for about US$4,500 per shipping container. Between labour shortages, rising stainless steel costs and overwhelmed ports, those days are long gone. Ansari’s products now take almost a year ... Read More »

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Cargill workers in Alberta vote 71 per cent in favour of contract offer

By The Canadian Press on December 4th, 2021

HIGH RIVER, Alta. – The threat of a strike at an Alberta beef processing plant has been averted after workers accepted the owner’s latest offer. The union that represents about 2,000 workers at the Cargill beef plant in High River says its members have voted 71 per cent in favour of accepting the company’s contract. ... Read More »

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Trans Mountain pipeline to restart Monday after shutdown during B.C. floods

By The Canadian Press on December 4th, 2021

The Trans Mountain pipeline is set to restart Monday following a three-week precautionary shutdown in response to record-setting rainfall, devastating flooding and landslides in British Columbia last month. Trans Mountain Corp. says it completed detailed investigations of the integrity of the 1,150-km pipeline that carries 300,000 barrels per day of petroleum products from Alberta to ... Read More »

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S&P/TSX composite falls to end a third-straight losing week on angst about Fed

By The Canadian Press on December 3rd, 2021

TORONTO – The strong rebound in Canada’s main stock index was short-lived as it pushed lower to end a third-consecutive losing week amid concerns about impending action by the U.S. Federal Reserve. The S&P/TSX composite index closed down 128.76 points to 20,633.27. In New York, the Dow Jones industrial average was down 59.71 points at ... Read More »

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All Rep. Pressley wants for Christmas is her Mariah album

By The Associated Press on December 3rd, 2021

BOSTON (AP) – Massachusetts congresswoman Ayanna Pressley is upset that her beloved Mariah Carey Christmas album has gone missing, but she needn’t worry – she was promised a replacement copy courtesy of the five-time Grammy winner herself. “This is a PSA or a warning depending on how you choose to take it,” the Democrat said ... Read More »

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Jobless rate drops to 6 per cent in November as number of long-term unemployed falls

By Jordan Press, The Canadian Press on December 3rd, 2021

OTTAWA – Canada’s labour market shook off more of the shock from COVID-19 by adding 153,700 jobs in November, pushing the unemployment rate to a pandemic-era low and sending the share of the core working population with a job to an all-time high. The growth dropped the unemployment rate to six per cent, leaving the ... Read More »

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Struggling Chinese developer warns it could run out of money

By Joe Mcdonald, The Associated Press on December 3rd, 2021

BEIJING (AP) – A Chinese developer that is struggling under $310 billion in debt warned Friday it may run out of money to “perform its financial obligations” – sending regulators scrambling to reassure investors that China’s financial markets can be protected from a potential impact. Evergrande Group’s struggle to comply with official pressure to reduce ... Read More »

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