Canada’s employment engine shifts into lower gear
11/05/2021 10:10 AMCanada’s labor market continued to heal in October as retail businesses ramped up hiring, though the pace of gains has begun to cool. The economy added 31,200 jobs last month, Statistics Canada said Friday in Ottawa, missing expectations for a gain of 41,600 in a...
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Group of investors purchase tungsten cube for $250,000
11/04/2021 11:17 AMCrypto investors mean that as a compliment of the highest order. Their growing obsession with cubes of tungsten, a material admired for its tightly packed particle structure, hit a new high this week. What happened: A group of investors called the TungstenDAO...
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China Calls For Stronger Climate Actions Despite Not Attending The COP26
11/04/2021 10:28 AMTwo countries, two neighbors, two of the most populated countries in the world — China and India talked of their individual approaches to climate change at the COP26 summit in Glasgow, Scotland. The event was delayed by a year because of the COVID-19 pandemic. It...
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Schachter’s Eye on Energy – November 3rd
11/03/2021 1:52 PMEach week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline &...
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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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