Ontario won’t mandate COVID-19 vaccines for hospital workers
11/03/2021 11:29 AMPremier Doug Ford says that his government will not make vaccination mandatory for hospital workers amid concerns about staffing shortages in the sector. Ford made the announcement in a statement issued on Wednesday afternoon, effectively going against the advice of a...
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Green Jobs Are a Cost, not a Benefit
11/03/2021 11:12 AMThe International Energy Agency recently reported that shifting to clean energy will create between 13 and 26 million jobs by 2030. They present this as a benefit, but that’s misleading; jobs are not a benefit but a cost. That might sound counterintuitive, but it’s...
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Cenovus launching share buyback, doubling dividend
11/03/2021 10:52 AMCenovus Energy Inc. is rewarding patient shareholders as surging cash flow puts the oil and gas producer on track to hit its debt target. In a release early Wednesday, Cenovus announced it will double its quarterly dividend to 3.5 cents per share as of the fourth...
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Canadian Real Estate Prices Are Overvalued By Up To 91%: Moody’s
11/02/2021 10:28 AMCanadian real estate is very overvalued, according to a massive credit rating agency. Moody’s Analytics released its Canadian real estate model this week. The firm’s model shows markets are overvalued by up to 91% across the country. As disastrous as that sounds, the...
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Oil patch execs fear Trudeau’s ‘reckless’ energy emissions cap
11/02/2021 9:43 AMThe federal government must work co-operatively with industry as it looks to draft an emissions cap for the oil and gas sector, Alberta business leaders said Monday, or risk far-reaching consequences for the Canadian economy. In an interview Monday, Grant Fagerheim,...
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Elon Musk Says Will Sell Tesla Stock if UN Can Describe How $6B Solves Hunger Crisis
11/01/2021 12:39 PMElon Musk said he'd sell Tesla stock and donate the proceeds if the UN could prove that just a tiny percentage of his wealth could save tens of millions of lives. Musk was responding to comments by David Beasley, the director of the UN's World Food Programme, who told...
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Trading Desk Notes For October 30, 2021
11/01/2021 11:35 AMTesla soars – stock indices hit new All-Time Highs Tesla’s market cap was ~$1.14 Trillion at the end of October- up ~$340B for the month. $340B is more than the total market cap of 481 of the companies in the S+P 500. Massive buying of (very) short-dated call options...
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Canadian Sisters Win Defamation Case After Social Media Campaign Alleged They Mocked George Floyd’s Murder
11/01/2021 10:58 AMTwo Ontario sisters have been awarded $100,000 in a defamation suit against an activist who started a social media campaign against them, alleging a Snapchat video they made mocked the murder of George Floyd. The sisters, Shania and Justine Lavallee, were both fired...
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East Vancouver home on block designated for six-storeys sold at double assessed value for $2.8 million
11/01/2021 10:19 AMHere’s an example of how zoning for more density increases land value. On July 28, 2016, Vancouver city council approved the Grandview-Woodland Community Plan. The plan provides direction for residential and other developments in the area bounded by Clark Drive,...
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Wheat prices surge to 2012 high, threatening to speed food inflation
11/01/2021 9:45 AMBenchmark wheat in Chicago climbed above US$8 a bushel for the first time in almost nine years amid growing inflation pressures that threaten to raise already soaring food prices worldwide. Futures linked to other grain varieties in the U.S. and Europe also surged,...
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