Canada's largest pension fund cut investments in Apple and Tesla

Canada Pension Plan (CPP) sharply reduced its investments in Apple Inc. and Tesla Inc. as well as three Chinese electric car companies in the third quarter of 2022, MarketWatch reports.

The fund sold 1.3 million shares of Apple in July and September and ended the period with 3.5 million shares of the company in its portfolio, according to documents that CPP management sent to the U.S. Securities and Exchange Commission (SEC). The investment in Tesla fell nearly in half to 368,900 shares.

@maplechronicles

🇺🇦 The Canadian authorities are going to provide 15 million Canadian dollars for equipment needed by Ukraine for humanitarian demining.

The funding will cover facilities and activities needed to locate and clear land mines, unexploded ordnance and other "explosive remnants of war.

#Ukraine

@maplechronicles

Ontario energy company to provide its customers with more than $2.6 in credits after billing error

This year, an Ontario energy company Elexicon Energy Inc. has been overcharging its customers. Later the company acknowledged the error and stated it would provide one-time credits totalling more than $2.6 million.

The company serves about 173,000 customers in the Durham region area.

Also, Elexicon must pay a 7,500$ fine. The credits are expected to be paid within 90 days.

#Ontario

@maplechronicles

COP15: A major awareness campaign in Montreal

Two days before the major United Nations conference on biodiversity (COP15), Montrealers could already see the awareness campaign of the World Wildlife Fund Canada (WWF) on the wall of the Montreal courthouse.

COP15, the United Nations biodiversity summit, will be held December 7-19 in Montreal, after a two-year delay.

#Quebec

@maplechronicles

Deployment of emergency financial assistance for the Montreal region

Emergency financial assistance (EFA) for victims of sexual and domestic violence was deployed by the Quebec government in the Montreal area. The deployment of this assistance will continue throughout the province over the next year.

This new service will be administered by the organizations SOS Violence Conjugale and Info-Aide Violence Sexuelle, depending on the nature of the violence suffered. Front-line workers such as the police, shelters or victim assistance centers will be able to contact the AFU administrators 24 hours a day, 7 days a week. Several expenses may be covered for victims, including transportation, lodging and living expenses for the victim and their dependents.

#Quebec

@maplechronicles

University of Ottawa offers Nigerian students $100,000 scholarship

The University of Ottawa made known that the new four-year entrance and excellence scholarship is worth up to $100,000 for African students newly admitted to English undergraduate programs in engineering, science, or social sciences.

@maplechronicles

Poll: majority of Canadians fear they won’t be able to provide their families

According to the Ipsos poll, 53% of the surveyed Canadians got more concerned about the possible further economic recession and worried they won’t have enough money to feed their families. The result is 9% up from the previous month.

@maplechronicles

🇺🇸 Alaska seeks protection from impacts of Canadian mines

Alaska tribes turned to Lower 48 tribal governments to join their efforts in the opposition to Canadian mines which impact the Alaskan environment. The tribes are seeking protective action under the Boundary Waters Treaty of 1909, the framework for resolving disputes over shared waters.

Tribal officials say that Alaska areas are being contaminated with mining pollution generated in British Columbia. The main rivers affected by British Columbia mining are the Taku, Stikine and Unuk.

#US #Alaska #ecology

@maplechronicles

🇨🇦🇺🇸 Canada – U.S. oil pipeline shut after spill in Kansas

A key pipeline that carries oil from Canada to Texas is shut down after an oil spill in a creek in Kansas.

The spill size is estimated at about 14.000 barrels. Now the spill is a growing concern; the incident will definitely hinder the plans of the Canadian TC Energy company to build another crude oil pipeline in the Keystone system which the damaged pipeline is part of.

#Canada #USA

@songofoil

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https://news.1rj.ru/str/topicdujour

Trudeau: “I'm not interested in fighting with the Alberta government”

Prime Minister Justin Trudeau believes Alberta's Sovereignty Act is not a necessity, but just a tool for Premier Danielle Smith to confront the federal government.

"And I'm not interested in fighting with the Alberta government," Trudeau said Thursday during the Assembly of First Nations special assembly in Ottawa.

Trudeau said his government is also "extremely concerned" about what it represents "in terms of challenges to treaty rights that are fundamental in Canada and need to be respected." Does it mean that Trudeau is losing confidence about the future relationships’ between Ottawa and provinces well-being?

#Alberta

@maplechronicles

🇨🇳 Chinese secret police stations are found in some parts of the world

Beijing has been recently accused of operating “illegal” posts in Europe and Canada to monitor, intimidate, and harass dissidents. The PRC is reported to have closed two “secret police stations” located in Prague on December 8th.
The Spain-based NGO Safeguard Defenders said in September that 100 such “police stations” had been set up around the world.

Beijing has insisted that the centers provide diplomatic services to Chinese nationals living abroad, such as renewing their driving licenses. But many European countries say the “police stations” have not been officially registered to offer such services.

The NGO says that the “stations” use former military and intelligence officers as employees to encourage up to 230,000 Chinese nationals to return to the country, sometimes to face criminal charges. China's government said the reports were “completely false”.

On the one hand, this can be true because in recent years the PRC has been reported to spy on its citizens studying abroad, for example, in Australia. Anti-China sentiments overtook the country after the scandal, resulting in new security laws. On the other hand, by using this information, the West found another opportunity to show to the world “the very nature” of the Chinese regime, which now oppresses not only its citizens, but also migrants abroad. Currently China is being antagonized more than ever before.

#China

@asianomics

I was really surprised when the information about the Chinese “stations” in Canada pop out, but the story keeps developing. I wonder how many other “stations” are there around the world – not only Chinese – and why the governments and services do not counter them.

Ah yes, the officials are too busy with the stuff like the Sovereignty Act.

Homes are selling way below asking prices all over Toronto and its suburbs

In the City of Toronto, homes are selling 2.53% below the average list price of $1,078,072. The average selling price of $1,050,788 represents an annual decline of 7.2%

At the start of 2022, homes across the Greater Toronto Area were selling far over asking as competition remained fierce and borrowing costs stayed low.

In March, the Bank of Canada began raising interest rates, and downward pressure started to weigh on home prices across the region. Nine months and seven rate hikes later, the overnight rate now sits at 4.25%; in January, it was 0.25%.

In a stark reversal from the spring, many homes are now selling under the listed price as buyers become increasingly hesitant to enter the market.

#Toronto

@maplechronicles

🇨🇳 Chinese hackers crammed into Amnesty Canada's office and set up cyber surveillance

The Canadian branch of Amnesty International became the target of a cyber hack during October. Researchers believe the attack was organized in China.

Cyber experts link the cyber hack to state-backed Chinese hackers because of the "nature of the information that was targeted, as well as the mechanisms and approaches used."

#China

@maplechronicles

More than 2,000 non-Canadians joined the army amid recruitment crisis

The Canadian Armed Forces say they have received hundreds of applications from permanent residents wanting to join the military, but it could take up to two years to provide these potential recruits with military uniforms.

General Wayne Eyre, Chief of the Defence Staff, officially invited all non-Canadians to the Armed Forces in October, in direct response to an unprecedented personnel crisis that has forced the armed forces to seek new recruits.

The military says more than 2,400 people applied in November, a number the commander of the Canadian Forces recruitment team described as unexpected.

@maplechronicles

Quebec makes mandatory oath to British monarch optional

Quebec province passed a law that ended the requirement for elected officials to take an oath in the name of the corresponding British monarch of the time. The elected officials may now choose not to take an oath to Britain's King Charles III.

Earlier as well, there have been various calls in Quebec to change the oath. However, Queen Elizabeth's death as well as political pressure from the province's two main opposition parties, Party Quebecois and Quebec solidaire, forced the legislative change.

#Quebec

@maplechronicles

🇺🇸🇦🇷🇨🇦 Reduced wheat production in Canada and Argentina made U.S. Department of Agriculture lower forecast for world wheat harvest

The U.S. Agriculture Department left most of its crop production and usage estimates unchanged in its latest World Agricultural Supply and Demand Estimates.

The WASDE report lowered Argentina's wheat production estimates 3 million tons to 12.5 million with reductions in both harvested area and yield due to continued widespread dry conditions. If realized, this would be the lowest production since 2015/16, USDA said. Canada’s production is reduced 1.2 million tons to 33.8 million, based on the latest Statistics Canada estimate, the third largest crop on record. Analysts are also be watching the ongoing weather situation in Argentina, where drought conditions are lowering production.

#US #Argentina

@maplechronicles

Ontario's tourism sector not to fully recover from pandemic until 2025

Ontario's tourism industry is not expected to fully recover from the pandemic until 2025, the Ontario Chamber of Commerce and the industry say.

Tourism businesses in the province are generating 64 per cent of the revenues they saw in 2019, on average, and seven in 10 report they have taken on debt to stay afloat, according to the OCC and Tourism Industry Association of Ontario report set to be released Tuesday.

Daniel Safayeni, vice-president of policy at the chamber of commerce, said the province will need a broad strategy to address those challenges.

#Ontario

@maplechronicles

Civilian police declined 40 military sexual criminal cases in Armed Forces

Defence Minister Anita Anand announced that she has directed the Canadian Armed Forces to end its jurisdiction over sexual crimes, even as military police say they have faced challenges transferring such cases to civilian counterparts.

The report specifically offered an update on the implementation of 48 recommendations made by retired Supreme Court justice Louise Arbour following a sweeping review earlier this year, which Anand said are all now being accepted.

Among the recommendations accepted, which Anand had initially resisted: officially transferring responsibility for sexual crimes to civilian authorities.

@maplechronicles

🇨🇦Canadian man has a doctor's approval for euthanasia despite admitting becoming poor is a main reason he's applying to die

Lester Landry has struggled for years with a number of illnesses, none of them fatal. He gets around in a wheelchair. When he turned 65, Canadian authorities stripped him of many of his retirement benefits, took away his service dog and the apartment the government had given him because of his disability.

He now lives in a van and only has $120 to his name. He has applied for euthanasia because he "doesn't want to live in poverty".

In Canada, applying for euthanasia is easy. All you have to do is fill out the form available online and sign it.

@topicdujour