Month: January 2022

International Recognition: IEA Boss Prefers Oil and Gas from Canada

January 19, 2022 EnergyNow Media The head of the International Energy Agency says Canada is a preferred global oil and gas supplier and should take steps to ensure it remains so in the decades to come.  IEA executive director Fatih Birol is a big advocate for net zero targets, but he knows that even as the world transforms its energy systems, oil and gas will be around …

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Sales of electric vehicles surpass diesel in Europe, a first

Jack Ewing 19.01.2022 Europeans bought more electric cars than diesels in December, a stunning illustration of the growing popularity of battery power and the decline of diesel, which was once the most popular engine option in Europe. More than 20% of new cars sold in Europe and Britain in December were powered solely by electricity, …

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2048 VENTURES BAGS $67 MILLION USD FUND II FOR CANADA, US INVESTMENTS

BY MEAGAN SIMPSON CANADIAN STARTUP NEWS JANUARY 18, 2022 The VC invests in emerging markets outside of Silicon Valley, including Canada. United States-based venture firm 2048 Ventures has secured $67 million USD for its second fund, to continue pursuing investments outside of Silicon Valley. The pre-seed-stage firm was created by US investors Alex Iskold and Paul Sethi (who …

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Ontario set to hold housing summit with municipal leaders

The Canadian PressPublished Wednesday, January 19, 2022 5:20AM ESTLast Updated Wednesday, January 19, 2022 5:20AM EST TORONTO — Ontario Premier Doug Ford is set to gather virtually with municipal leaders today for a housing summit. Ford says his goal for the summit is to come up with concrete ways to allow more families to buy …

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New COVID-19 cases due to Omicron in Ontario expected to peak this month, health minister says

As of Wednesday, 589 patients with COVID-19 needed intensive care CBC News · Posted: Jan 19, 2022 8:04 AM ET New cases of COVID-19 linked to the Omicron variant are expected to peak this month in Ontario, Health Minister Christine Elliott said Wednesday, while an announcement on lifting current public health restrictions is likely coming later this week. …

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Stock market news live updates: Stocks extend losses as rate worries persist; Nasdaq erases 2.6%, Dow tumbles 540 points

Alexandra Semenova· Reporter Tue., January 18, 2022 U.S. stocks got battered on Tuesday in a volatile start to the holiday-shortened trading week as rising bond yields, persisting rate pressures and an earnings miss by Goldman Sachs weighed on markets. The Dow Jones Industrial Average lost more than 540 points and the tech-heavy Nasdaq shed 2.6%, …

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Canada ranked 6th-most miserable country by think tank

By Jeff Labine. Published on Jan 18, 2022 11:20am Due to its high rates of inflation and unemployment, a conservative-leaning think tank has ranked Canada the sixth-most miserable country in the world. On Tuesday, the Fraser Institute revealed where 35 countries rank on its Misery Index, an economic measure based on inflation and unemployment rates. With …

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Ethics commissioner will not investigate former envoy to China for taking mining job

NDP asked commissioner Mario Dion to probe possible conflict of interest Peter Zimonjic · CBC News · Posted: Jan 17, 2022 7:47 PM ET  Federal Ethics Commissioner Mario Dion’s office says he will not be investigating Canada’s former ambassador to China for accepting a job with mining giant Rio Tinto, which has extensive business dealings in China. “I can …

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