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19.06.2022 / 19:27

Rampant inflation means Bank of Canada must raise rates above 3%: economist

inflation in the Canadian economy means the Bank of Canada will have to raise rates above three per cent to bring things back under control, suggests one economist.Don Drummond, an economist and fellow with Queen’s University, spoke with The West Block‘s Mercedes Stephenson and said while the Bank has been clearly signalling an intent to raise rates back between its normal two to three per cent range, that’s a “minimum” for what is needed.“I don’t think that will do the trick. I think the inflation pressures are too embedded,” he said.“They will have to raise their rates above three per cent.”Drummond’s comments come ahead of an expected update to the inflation rate in Canada this week.In April, the last month for which data is available so far, inflation hit 6.8 per cent in Canada — the highest level since 1991 — and an increase compared to the previous month.

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U.S. could take action against airlines over major flight disruptions, Buttigieg says

Washington to New York."That is happening to a lot of people, and that is exactly why we are paying close attention here to what can be done and how to make sure that the airlines are delivering," Buttigieg told The Associated Press in an interview Saturday.Buttigieg said he is pushing the airlines to stress-test their summer schedules to ensure they can operate all their planned flights with the employees they have, and to add customer-service workers. That could put pressure on airlines to make additional cuts in their summer schedules.RELATED: Man sues American Airlines after mistaken identity lands him in jail for 17 daysButtigieg said his department could take enforcement actions against airlines that fail to live up to consumer-protection standards.

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Canada’s COVID-19 travel rules: What’s changing this summer?

Travelling during the COVID-19 pandemic hasn’t been the easiest of experiences for many Canadians.

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‘People need to go to jail’: B.C. whistleblowers let down by final report into money laundering

Two whistleblowers on money laundering say they’re disappointed with the findings of the inquiry into the crime’s pervasiveness and possible ties to corruption in British Columbia.

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First phase of Canada’s Greener Home Loan Program launched

Ottawa has launched the first phase of its plan to offer interest-free loans to Canadians planning upgrades that will have a significant impact in reducing their home’s environmental footprint.

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Canada seeing rise in COVID-19 subvariants. Could this lead to a summer surge?

Canada is seeing an increase in several fast-spreading COVID-19 variants that have been fuelling new outbreaks in the United States and Europe, Canada’s top doctors said Friday.

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Could ‘demand destruction’ bring gas price relief? Experts are not so sure

gasoline, that may not necessarily be the case.Experts are torn on when or even if drivers might see significant “demand destruction” – an economics term for a sustained decline in demand for a product due to excessively high prices – at the pumps.In theory, reaching an unsustainable price would serve as a tipping point and ultimately cause fuel prices to fall, finally offering drivers some relief. But analysts say we’re not there yet even though gas prices are hovering around all-time highs.

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Got COVID-19 again? What you need to know about reinfections

Toronto resident Leshae Moses has been infected with COVID-19 four times.

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Toronto, Vancouver among cities selected to host 2026 FIFA World Cup

World Cup is coming to Vancouver and Toronto, but fans in Edmonton will miss out when Canada, the U.S. and Mexico co-host the men’s soccer tournament.FIFA announced Thursday that the expanded 48-team tournament will see games played in 16 cities across North America, including Vancouver and Toronto, the American cities of Seattle, San Francisco, Los Angeles, Kansas City, Dallas, Atlanta, Houston, Boston, Philadelphia, Miami, and New York/New Jersey.

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Vancouver chosen to host FIFA World Cup 2026 games as part of North American bid

FIFA has chosen it as one of the 16 cities to host games during the World Cup in 2026.Toronto was the other Canadian city selected, leaving third-bidder Edmonton on the outside looking in.FIFA and the USA-Canada-Mexico bid team have not yet determined which of the 10 games taking place in Canada will be played in each city.The 15 other cities include Seattle, San Francisco, Los Angeles, Guadalajara, Kansas City, Dallas, Atlanta, Houston, Monterrey, Mexico City, Boston, Philadelphia, Miami, New York and New Jersey.“British Columbia welcomes the world for FIFA World Cup 2026,” Premier John Horgan said in a news release. “We’re not hosting the largest ever World Cup just for kicks.

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AP source: Tortorella hired as coach by Philadelphia Flyers

VANCOUVER, BC - MARCH 24: Head coach John Tortorella of the Columbus Blue Jackets looks on from the bench during their NHL game against the Vancouver Canucks at Rogers Arena March 24, 2019 in Vancouver, British Columbia, Canada. (Photo by Jeff Vinnic PHILADELPHIA - The Philadelphia Flyers have hired John Tortorella as their new coach, hoping the fiery veteran can help lead them to their first Stanley Cup championship since 1975.The hire was confirmed Thursday by a person with direct knowledge of the decision who spoke with The Associated Press on condition of anoymity because it had not been announced.

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Philadelphia selected as 2026 World Cup host city

PHILADELPHIA - Philadelphia joined a small group of American cities that will host soccer matches in the 2026 FIFA World Cup. Lincoln Financial Field will host an unannounced number of games in the quadrennial international soccer tournament. The U.S. will host 60 of the 80 games under FIFA’s plan, including all from the quarterfinals on.

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Border union claims government stats about ArriveCAN app ‘absolutely false’

ArriveCAN app are “absolutely false,” according to the union that represents Canada’s border agents.Mark Webber, president of the Customs and Immigration Union, told a House of Commons committee Wednesday that the number of people who successfully complete the ArriveCAN app prior to showing up at the border is significantly lower than what the Canada Border Services Agency (CBSA) claims. Drop ArriveCan app travel rules, border city mayors urge Ottawa Webber also said the ArriveCAN app has contributed to decreased security at the border because officers are forced to help travellers with the app rather than focus on their law enforcement responsibilities.“What I can tell you is that the numbers that were provided to you by the CBSA – where it said that 99 per cent of air travellers and 94 per cent of land travellers have the app completed – is absolutely false,” Webber said.“As far as border officers are concerned, the last few months have shown that ArriveCAN neither facilitates cross-border travel, nor does it improve operational efficiency.

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COVID-19: N.S. sees bump in positive PCR tests, begins counting reinfections

COVID-19 - Canada to update its ‘fully-vaccinated’ definition Beginning this week, the province is including reinfections as part of its lab-confirmed cases count. According to a news release, the province had previously not included reinfections “because the number was small” but the Omicron variant has made reinfections “more frequent.”“Since the beginning of the Omicron wave, there have been 215 people who have tested positive 90 days or more after a previous positive PCR test result,” said Dr.

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‘Virus is still here’: A look at reactions to Ontario dropping transit mask rules

Ontario have been able to drop their masks this week now that provincial mandates have lifted.Mask rules for public transit and health-care settings expired last weekend, with the province’s top doctor saying high vaccination rates and improvements in the COVID-19 situation allowed for the mandates to end.The Canadian Press took the pulse of commuters at Toronto’s bustling Union Station to get a sense of how the end of the mandates is being received. Here’s what some said:Jorge Junir, 61Junir wore a black cloth mask emblazoned with a gold Toronto Raptors logo as he passed through Union Station on his daily commute.He takes the subway from his home in the city’s east end to work at a downtown hotel.

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Revlon files for Chapter 11 bankruptcy protection amid heavy debt load

In this photo illustration, the Revlon Cosmetics company logo seen displayed on a smartphone. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images) NEW YORK - Revlon, the 90-year-old multinational beauty company, has filed for Chapter 11 bankruptcy protection, weighed down by debt load, disruptions to its supply chain network and surging costs.The New York-based company said it expects to receive $575 million in financing from its existing lenders, which will allow it to keep its day-to-day operations running.None of Revlon’s international operating subsidiaries are included in the proceedings, except for Canada and the United Kingdom.

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Rempel Garner says she’s considering bid to become leader of UCP in Alberta

Michelle Rempel Garner, a member of the Conservative Party of Canada, announced in a thread on Twitter Wednesday night that she is “giving a provincial leadership bid serious consideration” as the race to become the new leader of the United Conservative Party heats up.“In recent weeks, I have been encouraged to seek the leadership of the United Conservative Party,” she tweeted. “This is not a decision that should be taken lightly by anyone.”Rempel Garner’s tweets noted she believes the current federal government is “hostile to Alberta’s interests” and suggested she believes the Alberta NDP is an ally of the federal Liberal government.2/ In recent weeks, I have been encouraged to seek the leadership of the United Conservative Party.

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Canada’s military police charge retired lieutenant-general with sexual assault

Canada’s military police have charged recently retired Lt.-Gen. Trevor Cadieu — who had been tapped to lead the army late last year — with two counts of sexual assault.

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Brampton Civic Hospital in ‘code gridlock’ for more than 2 weeks

Brampton, Ont., has been under a “code gridlock” for more than two weeks as demand for beds continues to outpace its current capacity.In an email to Global News, the William Osler Health System, the hospital network that operates Brampton Civic and Etobicoke General, said throughout the COVID-19 pandemic, it has been one of the “hardest hit health systems in Canada.”“Like other Ontario hospitals, Brampton Civic Hospital, initiates a Code Gridlock when demand for inpatient beds outpaces current capacity,” the email read.

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Cross-border trucker vaccine mandate among COVID-19 rules still in place

COVID-19, despite the federal government lifting other health measures for travellers Tuesday.Starting June 20, domestic and outbound international travellers will no longer need to show proof of vaccination before boarding an airplane or train. The vaccine mandate for workers in those federally-regulated travel sectors will also be removed.But when asked whether Tuesday’s decision will affect vaccine rules for truckers at the Canada-U.S.

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Freeland says Canada’s economic reputation was at risk, prompting Emergencies Act

Emergencies Act to deter the “Freedom Convoy” blockades across the country, the deputy prime minister and finance minister repeatedly told MPs Tuesday.But Chrystia Freeland — the highest-ranking minister yet to appear before the special committee investigating the government’s unprecedented use of emergency powers — would not share specific data that would have been available at the time the Act was invoked, which would have shown the protests were damaging the national economy.“It was clear to me that with each passing hour, our economic reputation with the United States as a reliable trading partner and as a reliable investment destination was being damaged,” she said. ‘Freedom Convoy’ caught police, institutions off-guard, ex-Ottawa police chief says She pointed to comments made by Michigan Rep.

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COVID-19: Canada to update its ‘fully-vaccinated’ definition

The federal government plans to change its definition of what it means to be fully protected against COVID-19 to reflect advice that a number of health experts have been recommending for months, including Canada’s top doctors.

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Canada, Denmark reach deal to end dispute over tiny Arctic island

Arctic and is expected to be signed Tuesday, according to a government minister.Dan Vandal, minister of northern affairs, confirmed Monday that there will be an “official signing” of the accord over Hans Island on Tuesday.The barren rock has been the subject of decades of diplomatic disputes between the two nations, as it sits in the territorial waters of both.The agreement is expected to divide the uninhabited island between Ellesmere Island, in Nunavut, and Greenland, an autonomous Danish territory. Canada, 6 other countries leave Arctic Council over Russia’s war in Ukraine Vandal, speaking to reporters on Monday, said he was “looking forward” to the signing of the agreement and would attend the ceremony.He said “discussions have been going on for a long time” and “the important part is that the deal got done and we are going to have the signing tomorrow.”“I think it’s very positive given our world situation today,” he said.The deal is likely to mean that Canada, for the first time, shares a land border with Denmark.The dispute over the small island has led to good-natured jostling since the 1980s between Canada and Denmark over which country rightfully owns it.In 1984, Canada planted a flag on the island and left a bottle of Canadian whisky.Later that year, Denmark’s minister of Greenland affairs visited by helicopter, planting a Danish flag.

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Feds to lift COVID-19 vaccination requirement to board flights, trains: source

COVID-19 to board trains as well as domestic and international flights.Since Oct.

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Passport renewal wait times now online as Ottawa looks to address long lineups

Passport offices are still dealing with a surge of applications, the minister responsible says, and wait times are “far from acceptable.”Karina Gould says those long wait times are her top priority, but she cannot say when things may return to normal.The federal government says 72 per cent of Canadians who apply for a passport in any manner will get it within 40 business days, while 96 per cent of people who submit their application in person will get their passport within 10 business days. Canadian passport delays are frustrating travellers.

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Pandemic policy changes in Canada appear to have eased Rx drug shortages

Implementation of policy measures in March 2020 in Canada stemmed prescription drug shortages—especially generic drugs—exacerbated by the COVID-19 pandemic, finds an observational study published today in the Canadian Medical Association Journal (CMAJ).

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Justin Trudeau tests positive for COVID-19 for 2nd time

Prime Minister Justin Trudeau says he has COVID-19 — again.

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‘Unacceptable’ for Canadian official to have attended Russia Day celebration: Joly

It was “unacceptable” for a Canadian official to have attended Russia Day celebrations at the country’s embassy in Canada, foreign affairs minister Melanie Joly said on Sunday.

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Ranchers’ group pushes back against Health Canada’s ‘vilification’ of beef

New Health Canada food labelling requirements for ground meat draw criticism The package labels would be applied to most foods that exceed 15 per cent of an adult’s recommended daily intake of sodium, sugar or saturated fat. But some foods that are naturally high in sugar, such as unsweetened fruit, will be exempt from the labelling requirement, while dairy and eggs — though high in saturated fat — will also be exempt.Dennis Laycraft, executive vice-president of the Canadian Cattlemen’s Association, said his industry can’t understand why its product is being “vilified.” He said Canadians consume approximately half of their calories from nutrient-poor ultra-processed foods, but by contrast, ground beef — while undeniably a source of saturated fat — is also a nutrient-dense protein that contains iron, zinc, and vitamin B12.“We believe there is a very, very compelling case to support an exemption,” Laycraft said in an interview.“The whole purpose of this (Health Canada proposal) largely came from a concern about highly processed foods, and foods with a lot of ingredients,” Laycraft said.

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‘Major’ national security investigation underway into Parliament Hill explosives scare

Parliament Hill reopens, police say no threat to public safety Police searched two vehicles, one parked near the intersection of Slater Street and Metcalfe Street, the other near Canada’s Supreme Court building. Two people were detained in relation to the incident.Multiple national security and law enforcement agencies, including a RCMP-led national security team, the Ottawa Police Service and high-ranking intelligence officials, are engaged in the investigation.Two law enforcement sources told Global News that the tip about potential explosives came from the Canada Border Services Agency (CBSA), whose intelligence branch focuses on detecting “high-risk people and goods at the earliest point” of their travel to Canada.In a statement to Global News, the CBSA refused to confirm or deny their participation in the investigation.

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Parliament Hill ‘evacuated’ as authorities deal with ‘possible threat’

Ottawa police have closed Parliament Hill after members of Parliament and senators were warned to “shelter in place” by the Parliamentary Protective Service.

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How much will home prices drop as interest rates rise? Depends where you live

interest rates rise and the post-pandemic market starts to materialize.But just how low prices will go depends on what part of the country you’re living in, with a recent report from Desjardins Economic Studies suggesting cities that saw the most growth in the pandemic now have the furthest to fall.Major Canadian housing markets including Toronto and Vancouver saw less sales activity and even price drops in April and May as the Bank of Canada began raising interest rates over the past three months. Bidding war no more — How to make an offer in Canada’s cooling housing market This “chillier wind,” as RBC economist Robert Hogue dubbed it in a report last week, is expected to continue driving home values down from their pandemic-era highs as demand softens and housing inventories are given time to rebuild.Randall Bartlett, senior director of Canadian Economics at Desjardins, tells Global News that rising interest rates are the “pin that’s bursting the housing bubble that developed during the pandemic.”The Desjardins report released this past week predicts that from the peak of national home prices in February of this year to the end of 2023, the average sale price in Canada will drop 15 per cent.Virtually all markets are expected to see some drops, but some could see value erode more rapidly.In the Maritimes, for example, prices in Nova Scotia and New Brunswick are expected to fall 20 per cent over that timeframe.

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Monkeypox: Vaccine recommended for Canadians at high risk of exposure

Canadians who are at high risk of contracting monkeypox — not just those who have been infected — should get a vaccine, according to new guidance from the national body that provides advice to government on vaccines.

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Canada's 'OPEC of maple syrup' records record harvest of 211.3 million pounds

LOS ANGELES - The world may be facing shortages of most products due to the ongoing COVID-19 pandemic and a war in Europe, but there’s one commodity that is overflowing: Maple syrup. The world’s largest supplier of maple syrup recorded a record harvest of the sweet gooey goodness thanks to promising weather conditions, Quebec syrup producers reported. 211.3 million pounds of syrup was harvested this spring in the French-speaking Canadian province, according to the region’s agri-food consultant Groupe Ageco.This years harvest tops a previous record set in 2020 of 175 million pounds. "We benefited from excellent weather conditions this spring," Luc Goulet, president of the Quebec Maple Syrup Producers, said Friday in the statement.FILE - Woman puts maple syrup on her pancakes.

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Ottawa dropping random COVID-19 testing at Canadian airports for vaccinated travellers

COVID-19 testing of incoming international passengers at Canadian airports.Random testing at airports will be temporarily suspended at all airports starting on Saturday, June 11 until June 30, according to a joint statement from Transport Minister Omar Alghabra, Health Minister Jean-Yves Duclos, Public Safety Minister Marco Mendicino and Tourism Minister Randy Boissonnault.Unvaccinated travellers will still be required to be tested on-site.The government is also announcing that, as of July 1, all testing, including for unvaccinated travellers, will be performed off-site.The news comes after federal public health officials said Friday they were looking at updating their advice to government on the random testing reuquirement.Chief public health officer Dr. Theresa Tam says the testing is not done to monitor travelers for infection, but rather as a way to measure emerging variants of SARS-CoV-2 that may be making their way into Canada from other countries.“The random testing is not to detect every case.

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Canada poised to become 1st country to add warnings on individual cigarettes

cigarette.Addictions Minister Carolyn Bennett says the measure is meant to reach more people, including youth who often share cigarettes and don’t encounter the packaging.A 75-day consultation period is to begin tomorrow.

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Women lead job growth as unemployment rate dips to 5.1%

unemployment rate across Canada dropped to a new low of 5.1 per cent in May amid a jump in jobs for women, according to the latest Labour Force Survey results.Statistics Canada said Friday morning that the country added 40,000 jobs last month.The agency said that women across all age groups made up the bulk of hiring in May, with employment steady for men.The participation rate, which looks at workers employed or looking for a job, hit an all-time high of 85 per cent for core-aged women in May.Strong growth in full-time positions (135,000 new jobs) offset losses in part-time work (96,000 fewer jobs), Statistics Canada said.

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Ontario COVID numbers: 536 people in hospital, 110 in intensive care

COVID on Friday, with 110 in intensive care.This is down by 13 for hospitalizations and a decrease of eight for ICUs since the previous day as hospitals report a week-over-week decline.Last Friday, there were 669 hospitalizations with 117 in ICU.According to latest data for hospitalizations, 58 per cent were admitted for other reasons but tested positive for COVID-19. For those in ICUs, 35 per cent were admitted for other reasons.

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Recession fears are growing. Here’s how younger Canadians can prepare

recession wasn’t worrying,” says Braveen Kumar, who is currently working on building his freelance business.Amid soaring inflation and the Bank of Canada increasing interest rates more aggressively relative to past tightening cycles, concerns about a possible recession are growing. A lacklustre stock market is adding fuel to the fire, as market declines tend to happen before a recession strikes.Kumar recently left his job in tech and even though he managed to save eight months’ worth of money for living expenses in order to make the career change, he is budgeting much more diligently now since he does not have a regular salary.

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Interest rates must still rise despite high debt, house prices: Bank of Canada

Bank of Canada said Thursday that vulnerabilities from high household debt and elevated housing prices have increased and pose key risks to the Canadian financial system, but warned that interest rates must keep rising to cool the surging cost of living.In its latest financial system review, the central bank said the twin factors have increased the downside risk to economic growth as rising rates meant to counter inflation increase the chance of households having to divert consumption towards debt repayments.“In an environment of tightening financial conditions, high global inflation and increased geopolitical tension, financial system vulnerabilities have become more complex, and risks have become more elevated,” the bank said in its report.

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National Defence looking at potential ‘impacts’ after cyberattack on military contractor

Department of National Defence (DND) is probing for potential “impacts” after a military contractor notified them of a recent cyberattack, allegedly by a ransomware group with Russian ties.DND confirmed Tuesday that CMC Electronics, a Montreal-based aerospace company, recently alerted the Canadian government to a “cyber breach related incident” at their company in late May. Canadian spy agency targeted foreign hackers to ‘impose a cost’ for cybercrime Procurement records show the company has done millions in work for the Canadian Armed Forces, chiefly in aerospace engineering and research and development — approximately $19.5 million since 2011, according to DND.The majority of the contracts (66) were for research and development or engineering services.The government announced on May 30 that CMC would be part of a team working on an $800 million job to upgrade Canada’s 85 CH-146 Griffon helicopters.“DND/CAF does not comment on the cyber or IM/IT approaches of third-party vendors; however, we recognize the importance of cyber security in defence and defence contracting,” said Jessica Lamirande, a spokesperson for National Defence, in a statement to Global News.Lamirande added that none of DND’s internal systems employ CMC Electronics technology.“We are continuing to monitor this situation, while ensuring DND/CAF information is safeguarded.”Repeated efforts to reach CMC Electronics were unsuccessful.

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Monkeypox and travel: Here’s what Canadians should know

Canadian travellers may be worried about contracting monkeypox after a public health warning was issued earlier this week urging caution for those planning to go abroad.

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Canada to allow parents, grandparents with super visa to stay for at least 5 years

super visa program.In a news release on Tuesday, the Immigration, Refugees and Citizenship Canada said beginning July 4, super visa holders will be able to stay in Canada for five years, with an option to extend two more years while in the country.Previously, parents and grandparents with a super visa were only allowed to visit family in Canada for no longer than two years at a time. The super visa is valid for a period of 10 years and allows multiple entries.

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‘What’s done is done’: Okanagan man one of the first in Canada to be compensated for vaccine injury

Being able to walk, albeit with orthopedic braces, is not something Ross Wightman takes for granted.

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Watch: Trombone-playing music teacher scares off bear from Canadian school

SHAWNIGAN LAKE, Canada - A black bear caught lingering outside a classroom in Canada was scared away by a music teacher armed with a trombone. The animal was spotted on May 27 outside St. John’s Academy Shawnigan Lake on Canada’s Vancouver Island.

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Government caught ‘flat-footed’ by travel surge at Toronto airport: former airline exec

A former Canadian airline executive says that responsibility for weeks of delays and cancellations at Toronto Pearson International Airport rests on the shoulders of the federal government.

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‘I heard a shriek’: Amanda Todd’s mother tells B.C. trial about ‘sextortion’ incident

Amanda Todd before she took her own life in 2012 continued Tuesday, with disturbing testimony from the girl’s parents.Carol Todd told the second day of the trial how she heard her daughter “shriek” and come running downstairs on Nov. 12, 2011.The teen had discovered a Facebook account that was using a topless image of her as its profile picture, her mother testified.

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Alberta detects second case of monkeypox

monkeypox has been detected in Alberta, the province’s chief medical officer of health said Tuesday evening.“I can confirm that this case is not linked to the first case announced last week and at this time there is no known direct connection to other confirmed cases,” Dr. Deena Hinshaw wrote on social media.She said the individual is self-isolating and cooperating with health authorities in contact tracing efforts.“We are prioritizing investigation and contact tracing to reach other individuals who may be at risk of exposure.

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0