Tag: Canada

Canada needs electric, not gas, to avoid high costs and emissions

Research from the Canadian Climate Institute (CCI) finds that provinces must move from gas to electricity to prepare for the energy transition and subsequently avoid high consumer costs. The report also reveals that altering the energy mix for building heat in homes and businesses – as well as changing energy infrastructure to support the shift […]

Canada announces rockets and other military aid for Ukraine

Canada will supply Ukraine with rockets, small arms ammunition and remote-controlled weapon mounts for vehicles, Canadian Defence Minister Bill Blair announced in Brussels on Thursday. “Canada will provide Ukraine with 2,300 Canadian Rocket Vehicle 7s or CRV rocket motors,” Blair said. He added, “Canada will send an additional number of rounds of small arms ammunition, […]

Polar explorer Shackleton’s ship found in Canada

STORY: David Mearns, crew member: “That’s it!” This is the moment the Quest was found – the ship on which renowned polar explorer Ernest Shackleton died on in 1922. The Royal Canadian Geographical Society announced the news on Wednesday (June 12) – adding it was found intact off the coast of Canada’s Newfoundland and Labrador, […]

Canada Shares More Information With India On Sikh Murder Case

(Bloomberg) — Canada and India have increased their security exchanges in recent months over the assassination of Hardeep Singh Nijjar, including visits to India by senior Canadian officials to share a robust set of evidence on the case, according to people with knowledge of the matter. Most Read from Bloomberg But diplomatic relations between the […]

Costly US Sugar Tariffs Drive Candy Makers Over the Border to Canada

(Bloomberg) — Last fall, Hershey Co. repurchased a factory outside Ottawa that it closed more than a decade earlier. Blommer Chocolate Co., a US rival, is expanding in Ontario while it shutters an 85-year-old Chicago plant. Oreo-maker Mondelez International Inc. says it has invested $250 million in Ontario manufacturing facilities just in the last few […]

Bank of Canada Cuts Rates to 4.75%, Signals More to Come

(Bloomberg) — The Bank of Canada cut interest rates by a quarter of a percentage point, making it the first Group of Seven central bank to kick off an easing cycle. Most Read from Bloomberg Policymakers led by Governor Tiff Macklem lowered the benchmark overnight rate to 4.75% on Wednesday, as widely expected by markets […]