Brexit: EU not serious about restarting trade talks, says minister

first_imgTuesday 20 October 2020 2:58 pm Cabinet Office minister Michael Gove told MPs yesterday that the UK had walked away from talks, because the EU had been unwilling to intensify talks and provide legal texts in the negotiating rounds. Stefan Boscia “There’s no point in negotiations proceeding as long as the EU sticks with its position,” he said whatsapp whatsapp Johnson yesterday knocked back the EU’s offer to restart Brexit trade talks, saying the olive branch from Brussels did not provide a “basis to resume talks”. He told Greek Prime Minster Kyriakos Mitsotakis today that talks were finished unless Brussels “fundamentally changes its position”. The EU’s chief Brexit negotiator Michel Barnier said he was willing to “intensify” trade talks and provide legal texts in a bid to get the UK back to the negotiating table, after Johnson walked away on Friday. Nadhim Zahawi said today that the UK still wanted a Brexit trade deal, despite Boris Johnson refusing to come back to the negotiating table, but that talks would not continue until Brussels treats Britain as an “equal”. The EU is demanding that its member states retain the same access they had to UK fishing waters as they did when Britain was a part of the bloc. The EU’s securities watchdog has said there is no call for a fundamental change in how investment funds in the European Union can be run by asset managers based outside the bloc. “There’s no point saying they’ll intensify negotiations when the reality is that they don’t accept the principle that the UK has left the EU and we are now sovereign.” The EU’s securities watchdog has said there is no call for a fundamental change in how investment funds in the European Union can be run by asset managers based outside the bloc. Also Read: Brexit: EU not serious about restarting trade talks, says minister Tags: Brexit Before the Open newsletter: Start your day with the City View podcast and key market data “As long as they agree to negotiate with us as a sovereign in the way the EU has treated Norway on fishing, then we’re happy to intensify,” he said. Share “However, the UK continues to believe there is no basis to resume talks unless there is a fundamental change of approach from the EU. Zahawi echoed the Prime Minister’s comments in a Sky News interview this morning. “This country should get ready for 1 January 2021 for arrangements that are more like Australia’s – based on simple principles of global free trade.” “But until they make it very clear that they are willing to negotiate with us as an equal, as a sovereign, then there’s no point simply just paying lip service. Gove said that neither of these positions were tenable and the UK would not continue negotiations unless the EU moved on these issues. Barnier’s comments came after a phone call today with the UK’s chief negotiator Lord David Frost. A statement released by Downing Street said the conversation had been “constructive”, but there had not been enough assurances by Barnier to restart talks. The EU’s securities watchdog has said there is no call for a fundamental change in how investment funds in the European Union can be run by asset managers based outside the bloc. Also Read: Brexit: EU not serious about restarting trade talks, says minister The EU’s securities watchdog has said there is no call for a fundamental change in how investment funds in the European Union can be run by asset managers based outside the bloc. Also Read: Brexit: EU not serious about restarting trade talks, says minister by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comPast Factory”Waltons” Actress Says Magazine Ended Her CareerPast FactoryDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyPost Fun25 Worst Movies Ever, According To Rotten TomatoesPost FunZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo!   JustPerfact USABeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach RaiderFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatter Brussels is also asking the UK to sign up to a level playing field of business regulations, which would see the government agree to follow EU rules on state subsidy regulations. “This means an EU approach consistent with trying to find an agreement between sovereign equals and with acceptance that movement needs to come from the EU side as well as the UK.  Brexit: EU not serious about restarting trade talks, says minister Show Comments ▼ “The two teams agreed to remain in close touch.” “The UK has noted the EU’s proposal to genuinely intensify talks, which is what would be expected at this stage in a negotiation,” the statement read. The EU’s offer to restart broken down Brexit trade talks amounted only to “lip service”, according to a UK business minister. Constructive but not enough from EU He also said there was no point negotiating unless Brussels made key concessions on fisheries agreements and state aid policy.last_img read more

British Columbia steps in over Tulsequah Chief Mine cleanup

first_imgEnergy & Mining | Environment | SoutheastBritish Columbia steps in over Tulsequah Chief Mine cleanupNovember 14, 2018 by Jacob Resneck, CoastAlaska Share:Acid drainage from the Tulsequah Chief Mine, discolors a leaking containment pond next to the Tulsequah River in British Columbia in 2013. (Photo courtesy Chris Miller/Trout Unlimited)British Columbia is exploring ways to clean up a long-defunct metals mine about 40 miles northeast of Juneau. The Tulsequah Chief Mine has been polluting the transboundary watershed for decades.Audio Player Up/Down Arrow keys to increase or decrease volume.Toronto-based Chieftain Metals took over the mine in 2010. It was the latest in a string of efforts to restart gold, silver, lead and zinc mining near the confluence of the Tulsequah and Taku rivers.The Canadian mine was developed in the early 20th century. But it was abandoned in 1957.John Morris Sr. recalls commercial salmon fishing on the Taku River from the 1940s when people in Southeast Alaska began to speculate about the mine upstream impacting the fish.“It was later on like in 1956 or 1957, I think, that somebody finally said, ‘If you go up to the Tulsequah Chief Mine you’re going to see that holding pond that’s real orange, and there’s a pipe leading out and it’s leaching right into the river,’” Morris said.Morris is the vice president of the Douglas Indian Association, a federally-recognized tribe in Juneau that’s been working to get the mine site cleaned up for decades.Tlingit elders on the other side of the border have been doing the same.“Nothing has really been done,” said John Ward, the elected spokesperson for the Taku River Tlingit First Nation in Atlin, British Columbia.  “There was attempts to put in a treatment plant which sorta went sideways. It didn’t work.”He’s referring to a water treatment plant installed by Chieftain Metals. It operated for nine months but didn’t work and was shut down in 2012.“Just because it didn’t work doesn’t mean that the pollution stopped. It still continues,” Ward said.Chieftain Metals then ran into serious financial trouble. Losses were reported in the hundreds of millions for creditors and investors and the company went bankrupt in 2016.It then missed several key deadlines set by British Columbia regulators to address pollution concerns. Its main creditor, West Face Capital, has since taken charge of the site.Earlier this month, British Columbia’s ministry responsible for mining put a 15-page request for proposals for a private contractor to clean up the site for good.“They are making some moves now, so that’s good news,” Ward said.Environmental groups have also welcomed British Columbia’s apparent step toward reclamation.“I think B.C. is now thinking, ‘To do the right thing, to get this monkey off our back, I think to show that we’re a good neighbor, we’ve got to clean it up,’” said Chris Zimmer of Rivers Without Borders in Juneau. His group will be watching closely to ensure the remediation is comprehensive.The mine’s legacy left mineral sulfides exposed to air and water that’s been generating acidic runoff for decades.“We don’t want to quit, we want to keep pushing to get this done,” said Morris. “I’m 78 years old. That was 61 years ago (when) that mine had been shut down and contaminating the Taku. And that is one of the things that’s been on my list to hopefully get done before I’m gone.”Gov. Bill Walker wrote to his counterpart in British Columbia on Oct. 31 urging the premier to order the mine’s full reclamation.“This is a priority for Alaskans,” the governor’s fisheries adviser Ephraim Froehlich said in a statement. “The governor hopes to see B.C. follow-through on this effort to its full resolution, as Alaskans will not be satisfied until that is the case.”British Columbia’s Ministry of Energy, Mines and Petroleum Resources released a statement Wednesday confirming that Chieftain Metals is out of compliance with mining laws and regulations.“The province remains committed to resolving the ongoing contamination and remediation concerns at the site, and holding all owners, both past and present accountable for  remediation and reclamation,” the statement said.The deadline for proposals is Nov. 29. A remediation plan wouldn’t be submitted until late 2019, meaning work wouldn’t actually start until 2020 at the earliest.Editor’s Note: This story has been updated to clarify that B.C. authorities consider the mine to be out of compliance with its mining laws and regulations.Share this story:last_img read more

Boxing day sales: Stats, facts and pictures as queues form overnight for bargain bonanza

first_img whatsapp High streets in the UK have been overflowing as boxing day sales lured shoppers out of the house with some of the biggest discounts in years.Queues even formed overnight outside department stores in Oxford Street and Westfield shopping mall in Stratford with bargain-hunters looking to nab the best deals ahead of the crowds. Pictures from department store Selfridges revealed jam-packed crowds more reminiscent of a music festival than a day out to the shops. The high-end department store was offering 70 per cent discounts on a huge variety of goods.At Harrods shoppers were treated to red carpet for queueing, complimentary mince pies and even a serenade from a string quartet.Queues formed outside Westfield from as early as 10:30pm on Christmas Day. The store said it was expecting 150,000 people to pass through its doors today.Myf Ryan, director at Westfield, said:Last year we had queues out of the door on Boxing Day by 5am, retailers like Next and Zara experienced record sales and 360,000 shoppers visited our two centres on the day.This year we expect an exceptionally busy day yet again, fuelled by excellent retail offers and special deals with over 50% off by many of our 600 retailers.Retailers will also have experienced big demand from the more couch-bound among us.Over £500,000 is expected to be spent every minute online, contributing to a total spend of around £748m according to retail group IMRG and Experian. Their research said retail websites could anticipate a 29 per cent increase in visits to 167m.Many websites began online sales on the day before Christmas Eve, hoping to attract shoppers throughout the Christmas period.Over £1.3bn was spent on 23 December, making it the biggest retail day of the year. The spree even continued on Christmas Day when IMRG and Experian said around £636m would be spent.John Lewis said customers made the most of any new tablets or smartphones, which accounted for the company’s biggest Christmas Day ever.Mark Lewis, online director at John Lewis, said:We know that customers quickly switch from Christmas shopping to bargain hunting and we’re thrilled to see a good start to this year’s clearance online.We expect customers to continue to log on throughout today [Boxing Day] to take advantage of the thousands of offers we have available and then from tomorrow, browse in-store as our shops across the country reopen their doors.The bonanza is expected to contribute to a record year for retail sales in the UK. The Department for Business, Innovation and Skills says 2014 sales will reach around £342bn – a £48bn increase on 2010.The sales are on, but space comes at a premium in Selfridges. (Source: Getty) Bleary eyed shoppers outside Selfridges early this morning. (Source: Getty)  Aisles were full to the brim at Selfridges. (Source: Getty) Orderly queues form on Harrods’ red carpet. (Source: Getty) Shoppers queue for a bargain. (Source: Getty) Handbags at dawn: Shoppers jostle for position. (Source: Getty) Some shoppers even began queuing late last night in order to grab a bargain. (Source: Getty)  Silent night, sales in sight: The sun was down, but bargain-hunters were out in full force. (Source: Getty)  Friday 26 December 2014 10:09 am Tags: NULL Boxing day sales: Stats, facts and pictures as queues form overnight for bargain bonanza Share whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHero WarsThis game will keep you up all night!Hero WarsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramGive It LoveRemember These Rare Sisters? See Them NowGive It Love Joe Hall Show Comments ▼last_img read more

Premium / Analysis: Is the wind in the right direction for Amazon to snap up Atlas Air?

first_img Please Login Email* One of the most recurring questions at Loadstar Towers in recent weeks has been whether a takeover of Atlas Air by Amazon could be on the cards.In the short term, such an outcome is not written in stone but it is not far-fetched, either. Why?Market whispers, the close relationship between the two, the pilots’ background story, as well as the lessor’s cost structure, all give substance to the idea that by 2020 Atlas could have a new owner.��Agree to disagree“When you … By Alex Lennane and Alessandro Pasetti 06/07/2018 Email* Forgotten your password? Please click here Reset Your Password © Piotr Trojanowski Please either REGISTER or login below to continuecenter_img Password* << Go back Subscription required for Premium stories In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium LOGIN New Premium subscriber REGISTER Premium subscriber LOGIN Resetlast_img read more

A national mandatory order to wear a mask would keep people from becoming ‘walking weapons’

first_img Related: @nyupublichealth Sandro Galea Tags Coronaviruspublic health The nation had abundant opportunities throughout this pandemic to act in a coordinated national way that would have mitigated the spread of Covid-19. We missed those chances. We are again at a turning point. If we act now, decisively, with a national order on masks combined with aggressive testing, contact tracing, isolation, and quarantine, we may yet get another opportunity to reverse the pandemic and return to normal sooner rather than later.As we write this, several states and cities are responding with mask orders. That’s not enough for a virus that does not respect borders. Senior leadership at the Centers for Disease Control and Prevention on Tuesday called for consistent, clear messaging about the importance of universal masking from health officials and community normalization. We agree entirely with the need for education, but encourage Americans to go further at this pivotal moment. A national mandatory mask order would give us a much-needed second chance at a national solution to a national problem.If we want to avoid deepening our economic crisis, if we want to go back to work, if we want to save tens of thousands of lives in short order, we must de-weaponize the walking well and mandate mask wearing.Amy Lauren Fairchild is the dean of public health at The Ohio State University. Cheryl Healton is the dean of public health at New York University. Sandro Galea is the dean of public health at Boston University. This approach simply gets the evidence wrong. If everyone wore a mask, Covid-19 could be brought under control, CDC director urges Masks are not primarily about self-protection. They are about protecting others. Wearing an appropriate mask in an indoor public setting, even when social distancing can be maintained, is a crucial means of reducing transmission of virus-bearing droplets or aerosols from individuals who are infected to those who are not. Masks are particularly effective when combined with physical distancing and proper hand hygiene.advertisement A man wearing a face mask walks in front of the U.S. flag in Times Square amid the Covid-19 pandemic in late April. JOHANNES EISELE/AFP via Getty Images How to fix the Covid-19 dumpster fire in the U.S. Cheryl Healton [email protected] center_img About the Authors Reprints Amy Lauren Fairchild [email protected] Although we don’t yet know what proportion of new infections are the result of transmission from people who are asymptomatic or pre-symptomatic, we know enough to require everyone, unless they have a medical condition like severe asthma that would make mask a health hazard, to wear a mask anytime they are in indoor public spaces or crowded outdoor spaces.People infected with SARS-CoV-2, the virus that causes Covid-19, most actively shed the virus at the time symptoms begin. Individuals without symptoms who test positive for Covid-19 show viral loads as high as those with symptoms. Individuals who are infected with the virus can feel fine but still transmit virus for days before they develop any symptoms.A national mask order can be nuanced. Evidence continues to suggest that indoor aerosol or droplet transmission is key to the spread of the epidemic. A mask probably doesn’t need to be worn while jogging or strolling through a park or lightly populated outdoor area if you won’t be close to other people. But they should be worn in urban areas with heavy pedestrian traffic, during protests, or at political rallies.Wearing masks does not eliminate the risk of spreading Covid-19. But it prevents individuals who are infected but feel well from becoming, in essence, walking weapons. Equally important, a national mask order reduces the stigma of wearing a mask by making it clear that we are all looking after each others’ health.As national infection rates rise, along with hospitalizations and deaths, an unambiguous national mask mandate is becoming more urgent. It should apply to every public space in the nation, with an exception for outdoor exercise or recreation with appropriate physical distancing. It must apply to every person over the age of two. And it must remain in effect until the epidemic recedes. This may mean that Americans will be compelled to wear masks for many months or until an effective vaccine is developed and widely distributed.Masks are a small price to pay to prevent even greater disaster. Mask wearing does not represent a magic bullet, but having everyone wear masks is a step in the right direction. Mandatory mask wearing must still be backed up with public health efforts that cost money. Rapid testing, swift contact tracing, and effective isolation and quarantine are also essential. So too are continuing physical distancing requirements. This approach has curtailed the epidemic in other countries.As a country with a limited social safety net, we are poorly positioned to cover the costs of ongoing economic sacrifice for the sake of the common good. This makes bringing the pandemic under control, and quickly, an urgent national priority. By Amy Lauren Fairchild, Cheryl Healton, and Sandro Galea July 15, 2020 Reprints First OpinionA national mandatory order to wear a mask would keep people from becoming ‘walking weapons’ Related: Although lawmakers are engaged with many long-delayed, vital components of a comprehensive federal response to the Covid-19 pandemic, a national mandatory mask order — which can be implemented quickly — can be an important linchpin of a better federal response to the pandemic.The nation, and global markets, watch in alarm as cases begin to surge in both the South and West. If we hope to avoid another crippling blow to the economy as a result of a return to lockdown or a loss of consumer confidence in the face of a tsunami of deaths, federal lawmakers need to put politics aside and insist that we put on our masks while they hammer out the details of needed, sweeping mitigation and recovery packages.Partisan politics have made masks a third-rail issue. Some opponents of wearing them argue that masks represent an infringement on rights, like the right to make personal judgments about what represents an acceptable risk to self. Some even say they infringe on constitutional rights. Several Texas sheriffs, for example, are refusing to enforce the state mask mandate, with one proclaiming in a Facebook video that the order to wear masks “is borderline infringing on some of those constitutional rights.”advertisement @OSUPublicHealth @sandrogalea last_img read more

Deputies need help identifying Lehigh Acres burglars

first_imgAdvertisement Two suspects were caught on camera in the Parkwood community early in the morning, officials said. Anyone with information is asked to call Crime Stoppers at 1-800-780-8477. RELATEDTOPICS AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments Lehigh Elementary preschool teacher accused of child abuse won’t renew contract June 16, 2021 Lehigh Acres man gains attention for riding bike backwards June 16, 2021 AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 commentscenter_img AdvertisementTags: burglarsLehigh Acres Suspect breaks into Lehigh Acres Popeyes June 11, 2021 LEHIGH ACRES, Fla. – There were multiple burglaries in a Lehigh Acres community on April 11, according SWFL Crime Stoppers. Security camera captures moment 2 Charlotte County burglars realized they were on tape June 16, 2021 Advertisementlast_img read more

Loophole allows residents to buy SK-made product

first_img News NewsEconomy By Kang Mi Jin – 2015.09.14 4:41pm Red pepper paste (known as gochujang)produced by South Korea’s CJ Corporation is gaining popularity in North Korea,according to inside sources. Goods from South Korea are ordinarily strictlyforbidden from being sold in North Korea, but since the gochujang is considereda food, authorities are regulating it lightly, affording vendors and consumersalike the chance to get their hands on the sweet and tangy sauce that is socharacteristic of Korean cuisine. “Crackdowns on South Korean cosmetics andelectronic goods are constant and severe, but food products like gochujang havefound a bit more leeway,” said a Yanggang Province source in a telephoneconversation with the Daily NK on September 11th. “Ever since residents startedmixing North Korea’s flat tasting gochujang with the sweeter variant from theSouth, the South Korean product really started to take off.” An additional source in the same provinceverified this news. A source in South Pyongan Province also reported the sametrend in her region, specifically citing the product’s concentration in the Pyongsong area.“In the jangmadang (marketplace), we canchoose between gochujang made by Chinese, North Korea, and South Koreanmanufacturers. The South Korean product is the most popular. Right now, inYanggang Province’s Hyesan Market, 2kg goes for KPW 12,000 (about USD 1.44),”she added. “At first, the sweet tasting South Koreangochujang wasn’t selling well. But that all changed when residents realized howdelicious it was when mixed with North Korean gochujang. North Korean gochujangisn’t glutinous, so if it is left out for too long it can get crumbly. And whenit ferments, it gets runny. But if we mix a little of the South Korean productin there, it becomes glutinous, which gives it a longer shelf life, a smoothertexture, and the taste is pretty good too.” The gochujang is sold in 500g and 2kgpackages, according to the source, who added that the smaller 500g package is“perfect for when you’re eating on the go or using a lunchbox for school orwork.” The 2kg package is usually used for mixing into fermented soybeanpaste-based stews or mixing with North Korean gochujang. “Residents who have been too busy and tiredto make their own gochujang are now once again enjoying the taste of one oftheir favorite ingredients,” she explained. She added that vendors who sell SouthKorean shampoo or makeup aren’t able to put their products on their displaytables at the jangmadang, for fear of the market’s regulators. But gochujang istechnically a food so vendors can take advantage of a legal loophole and sellthe red sauce right out in the open. With word spreading about the absence ofcrackdowns on foodstuffs, other areas are also getting in on the game. “Residents are accustomed to authoritiescracking down on all types of products from the South because they allegedlyspread impure thoughts. But looking at the example of gochujang there appearsto be some exceptions. Nowadays, those who are craving some gochujang arelikely to purchase a South Korean product,” the source concluded. North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) Facebook Twitter News RELATED ARTICLESMORE FROM AUTHORcenter_img News Loophole allows residents to buy SK-made product SHARE Kang Mi JinKang Mi JinKang Mi Jin is a North Korean defector turned journalist who fled North Korea in 2009. She has a degree in economics and writes largely on marketization and economy-related issues for Daily NK. Questions about her articles can be directed to [email protected] US dollar and Chinese reminbi plummet against North Korean won once again Proposal to shift “general markets” to “specialized markets” finds little support among N. Korean leaderslast_img read more

Sprott Q1 earnings tumble

Net income was $2.1 million, or $0.01 per share, for the three months ended March 31, a decrease of 87.7% from $16.9 million, or $0.10 per share, in the three months ended March 31, 2012/ “The first quarter and subsequent month have continued to be challenging for Sprott and our strategies concentrated on investments in precious metals and their related equities,” said Peter Grosskopf, CEO of Sprott. “While we remain confident that this positioning will be rewarded with much better performance once markets become less comfortable with the results of quantitative easing, we also continue to build other areas of our firm to incorporate a broader range of investment strategies. Total revenue for the first quarter decreased by 37.9% to $27.6 million from $44.4 million for the three months ended March 31, 2012. Net redemptions for the first quarter were $0.3 billion. Assets under management (AUM) dropped to $9.1 billion, compared to $9.7 billion as at March 31, 2012 and $9.9 billion as at Dec. 31, 2012. Management fees fell to $26.0 million, a decrease of 21.3% compared with the three months ended March 31, 2012. During the quarter the company named John Wilson and Scott Colbourne co-chief investment officers of subsidiary Sprott Asset Management LP. “One of our priorities is to make our products more attractive to institutional investors,” continued Grosskopf. “During the first quarter, we took an important step in this process with the launch of our first institutionally-focused hedge fund, which will draw on the combined strengths of our organization.” Share this article and your comments with peers on social media Laurentian Bank reports $53.1M profit in Q2, beats expectations Canaccord reports record revenues, drops proposal to acquire RF Capital Keywords EarningsCompanies Sprott Inc. IE Staff Related news Canadian banks to focus on growth, spending and buybacks after strong second quarter Toronto-based asset manager Sprott Inc. (TSX: SII) Wednesday reported a sharp drop in first quarter earnings as gold prices struggled. The price of gold has declined since the beginning of the year, hitting a low of about $1,320 an ounce last month. Gold is currently trading around $1,460 an ounce. Facebook LinkedIn Twitter read more

Toronto stock market has worst day of the year

first_img Toronto stock market dips on weakness in the energy and financials sectors In New York, the Dow Jones industrial average was down 286.14 points at 25,490.47. The S&P 500 index was down 34.03 points at 2,822.24, while the Nasdaq composite was down 122.56 points at 7,628.28.The Canadian dollar traded at an average of US74.19¢ compared with an average of US74.57¢ on Wednesday.The July crude contract was down US$3.51 at US$57.91 per barrel and the July natural gas contract was up 3.3¢ at US$2.59 per mmBTU.The June gold contract was up US$11.20 at US$1,285.40 an ounce and the July copper contract was up 0.25¢ at US$2.68 a pound. Business chart with glowing arrows and world map peshkov/123RF Canada’s main stock index had its worst day of the year as trade uncertainty and a big drop in oil prices weighed on the energy sector.The S&P/TSX composite index closed down 162.74 points to 16,164.61. Canadian Press Share this article and your comments with peers on social media Related news S&P/TSX composite hits highest close since March on strength of financials sector Keywords Marketwatch Facebook LinkedIn Twitter TSX gets lift from financials, U.S. markets rise to highest since Marchlast_img read more

PM, Scheer blame one another for blocking emergency disability benefit

first_img Digital shift cushioned blow to post-pandemic growth outlook, BoC deputy says Covid vaccine-sharing discussions to dominate G7 summit talks Share this article and your comments with peers on social media Canadian Parliament Building at Dusk PaulMcKinnon/iStock Prime Minister Justin Trudeau and Conservative Leader Andrew Scheer angrily traded accusations Thursday over who is to blame for blocking an emergency benefit to help Canadians with disabilities weather the Covid-19 pandemic.Trudeau used his daily news conference to lambaste the Conservatives for refusing to give the unanimous consent necessary to swiftly pass a bill Wednesday that would have delivered on his promise of a one-time, tax-free benefit of up to $600 for people with disabilities. The bill included a number of other measures — including controversial penalties for Canadians who fraudulently claim the Canada Emergency Response Benefit and an expansion of the wage subsidy program to cover more seasonal workers.For a variety of reasons, some of them unrelated to the content of the legislation, no opposition party was prepared to give the unanimous consent needed to debate and approve the bill within a matter of hours.The government then proposed splitting the bill to deal quickly with the disability benefit separately. The other opposition parties agreed but the Conservatives nixed that idea, holding out instead for a full resumption of business as usual in the House of Commons.“Politics got in the way of actually helping Canadians,” Trudeau said Thursday.He said the government remains committed to getting the benefit to Canadians with disabilities “but it’s going to be harder because opposition parties chose to play politics instead of working together.”Trudeau was particularly incensed with the Conservatives, whom he accused of holding up the benefit in a fit a pique over their failure to win enough support for their push to have the House of Commons resume normal operations. Instead, the Liberals, supported by the New Democrats, decided last month to continue with an expanded special Covid-19 committee that has served as a stand-in for the Commons.“So, because they didn’t get their way two weeks ago they continue to complain and play politics and they blocked help to Canadians with disabilities because they’re still trying to argue something that they lost the debate on two weeks ago,” Trudeau said of the Conservatives.Scheer shot back later during a meeting of the special committee, accusing Trudeau of “shamefully misleading Canadians, trying to shirk responsibility for his failures in providing help for people with disabilities.“He is the one who waited months before bringing proposals forward to help people with disabilities; and then yesterday, when Conservatives proposed a motion to have Parliament meet to debate this legislation, it was Liberals who said no,” Scheer said.The Conservative motion called for the Commons resume normal sittings.Trudeau was not in the Commons to respond but Deputy Prime Minister Chrystia Freeland suggested the Conservatives may have mistakenly blocked the disability benefit.“The mistake yesterday was Liberals’ shamefully saying no to allow Parliament to deal with that legislation and then disgustingly today trying to play petty politics on the backs of people with disabilities,” Scheer retorted. “That’s shameful, and Canadians won’t forget it.”Freeland shot back: “What is shameful is to allow partisan politics and procedural manoeuvring to stop Canadians with disabilities who are truly facing additional challenges because of coronavirus. What is shameful and, indeed, disgusting, is to prevent those Canadians from getting that $600.”The finger pointing escalated despite a call from the chair of the Council of Canadians with Disabilities for all federal politicians to work together to help disabled Canadians weather the Covid-19 crisis.“We are absolutely concerned that partisan politics reared just (as) some people living with disabilities might have seen relief during this pandemic,” Jewelles Smith said in an email.“We hope the parties realize that citizens with disabilities are struggling and seeking support from their government. There is a great deal of despair from those at the furthest margins right now.”Smith said she hopes the government will reconsider the parameters of the proposed benefit, which critics have said will cover just 40% of Canadians with disabilities.The benefit, along with other measures in the bill, are now in limbo.Government House leader Pablo Rodriguez has vowed to continue negotiating with the opposition parties to try to find a resolution.Most likely, that will involve introducing a separate bill for the disability benefit, which could be passed relatively quickly if at least one opposition party is prepared to support it and agree to limit the amount of time for debate.The NDP has indicated it would not block the proposed benefit if it was dealt with in a stand-alone bill, even though New Democrats maintain the benefit is inadequate.Gaining support for other measures in the bill could prove to be more difficult. The NDP is adamantly opposed to imposing fines or jail time on Canadians who fraudulently claim the CERB — despite Trudeau’s assurances that the penalties are intended only for the small number who deliberately defraud the government. Canadian Press Economy grew at 5.6% annual rate in first quarter of year, Statistics Canada says Keywords Economy,  Coronavirus Related news Facebook LinkedIn Twitterlast_img read more