Month: January 2022

What you need to know about COVID-19 in Ottawa on Tuesday, Jan. 25

Key updates on COVID-19 in the region CBC · Posted: Jan 25, 2022 4:00 AM ET  Ottawa Public Health’s main COVID-19 hospitalization and ICU counts rose Tuesday. It also reported five more COVID deaths, meaning 50 of these deaths have been reported in the last three weeks. In Tuesday’s daily update, OPH shared more information about people with COVID-19 …

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National Bank of Canada buys over $600M worth of shares in Tesla (TSLA) and NIO (NIO)

Canada’s sixth largest commercial bank, National Bank of Canada, has made a large investment into electric vehicle (EV) makers Tesla and NIO. According to a 13F filing from January 24, 2022, the bank purchased and held 567,413 TSLA shares as of December 31, 2021. The filing discloses the total value of the investment at $599,661,000, equating to an …

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Atlantic premiers meet to discuss clean energy loop, COVID-19 management

HALIFAX — Atlantic Canada’s four premiers met virtually today to discuss regional priorities, including the Atlantic Loop clean energy project. In a news release following the meeting hosted by Nova Scotia Premier Tim Houston, the premiers reiterated the importance of the $5-billion proposal. The premiers say the Atlantic Loop, which would connect the four provinces …

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DELOITTE CANADA LAUNCHES $150 MILLION CAD VENTURE CAPITAL FUND

BY CHARLES MANDEL CANADIAN STARTUP NEWS JANUARY 25, 2022 Deloitte Venture will make minority investments in emerging tech companies. After tracking rising technology startups for a number of years with its annual Technology Fast 50 list, Deloitte Canada is getting into the venture capital business itself. Deloitte Canada announced that it has launched Deloitte Ventures, a $150 million CAD investment …

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IMF cuts world, Canadian growth in 2022 forecast due to omicron, other woes

The Canadian Press – Jan 25, 2022 The International Monetary Fund is downgrading its forecast for the world economy this year, citing the spread of COVID-19’s omicron variant, higher energy prices, an uptick in inflation and financial strains in China. The 190-country lending agency now forecasts the global economy will expand 4.4 per cent in 2022. …

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Quebec shells out $25 million for business digital transformation

Daniel J. Rowe CTVNewsMontreal.ca Digital Reporter The Quebec government is shelling out almost $25 million for businesses looking to enter the future. Economy and Innovation Minister Pierre Fitzgibbon announced that the CAQ government will release $24.6 million to support eight projects under the Digital Transformation Offensive (OTN). The money is meant to help 2,000 businesses …

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Production-Ready Looking Tesla Cybertruck Beta Breaks Cover

It looks slightly different to the last prototypes we saw and it’s undeniably closer to the final production look. Jan 24, 2022 at 4:49am ET Tesla really wants to to start Cybertruck production, although it’s not clear when, and the most recent estimate is early 2023, although there’s a chance it will still debut sometime this year. Progress on the electric …

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What BoC rate hikes mean for you, your investments and the economy

Michelle Zadikian, BNN Bloomberg Anticipation is building over whether the Bank of Canada will pull the trigger Wednesday on the first of several expected interest rate hikes this year. If it doesn’t, many will be looking for answers as to why the central bank hesitated and when liftoff will occur. As of Monday morning, Bloomberg data …

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Oil Tumbles With Equities Amid Rate-Hike Fears, Ukraine Tensions

Alex Longley and Devika Krishna Kumar Mon., January 24, 2022, 8:53 a.m. Alex Longley and Devika Krishna KumarMon., January 24, 2022, 8:53 a.m. (Bloomberg) — Oil in New York tumbled as risk-off sentiment prevailed across financial markets, driven by concerns about monetary tightening and growing political tensions in Ukraine. U.S. crude futures lost as much …

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Canada planning technological fixes to make crossing the border faster

Zipping through the Canada-U.S. border in 15 seconds. Facial recognition cameras at the airport to open an electronic gate. Sending your declaration to customs before you even get off the plane. Those are just some of the changes in the works at the Canada Border Services Agency (CBSA) — partly as a result of the …

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