In Italy, Stellantis is cutting jobs and being accused of skimping on janitorial work. In the US, it’s offering buyouts to scores of staff and has idled a Jeep factory.
In Canada, the carmaker halted construction of a new battery facility, pending more government aid. And in the UK, it’s warned Parliament that post-Brexit trade rules and other issues could doom the country’s EV manufacturing prospects.
Category: Economy (Page 6 of 7)
“You know, alcohol is the favourite substance of many policymakers and indeed for a lot of us. It has sort of an iconic cultural status. Politicians — they don’t want to do much about it,” said Dr. Tim Naimi, the director of the Canadian Institute for Substance Use Research at the University of Victoria.
“It’s the leading cause of preventable death in Canada. It’s the government’s job to protect Canadians from the tremendous harms caused by alcohol. For some reason, they feel threatened by the facts.”
Canadian Real Estate Association »
Highlights:
- National home sales surged 11.3% month-over-month in April.
- Actual (not seasonally adjusted) monthly activity came in 19.5% below April 2022.
- The number of newly listed properties edged up 1.6% month-over-month but remain at a 20-year low.
- The MLS Home Price Index (HPI) climbed 1.6% month-over-month but was down 12.3% year-over-year.
- The actual (not seasonally adjusted) national average sale price posted a 3.9% year-over-year decline in April.
Elsewhere » CBC » Average Canadian house price rose to $716,000 in April — up by $100K since January
China’s foreign ministry protested the possible expulsion of a Chinese diplomat in Canada who Ottawa has accused of participating in a harassment campaign against a Canadian lawmaker.
Ambassador Cong Peiwu was summoned by Canada’s foreign ministry on Thursday over allegations that a Chinese-led harassment campaign had targeted Conservative lawmaker Michael Chong after he voted in favour of a February 2021 parliamentary motion condemning Beijing’s treatment of the Uygur Muslim minority in Xinjiang as “genocide”.
It followed a Globe and Mail report on Monday – citing classified documents and an anonymous security source – that claimed Toronto-based Chinese diplomat Zhao Wei was involved in a Ministry of State Security effort to get information on Chong and his family in Hong Kong.
This is why French’s Ketchup and Mustard are in my fridge.
The Ketchup War: How Heinz & French’s turned the ‘Tomato Capital of Canada’ into a battleground
The stakes are high. The Paris-based International Energy Agency (IEA) forecasts a potential quadrupling in demand for critical minerals by 2040.
Some findings of a survey conducted by Maru Public Opinion and GZERO on attitudes towards each other, ahead of the US-Canada Summit in Toronto »
- 71% of Americans believe Canadians are just like them “except they live in another country.”
- Meanwhile, only 38% of Canadians feel the same about their loud neighbours.
- 80% of Americans and 73% of Canadians agree that the two countries should have closer economic ties.
- Meanwhile, only a tenth on either side wants less trade and economic integration.
Canada has lower risk appetite than the US, says think tank chief | US-Canada Summit | GZERO Media
GZERO’s Tony Maciulis asks Chris Sands, head of the Wilson Center’s Canada Institute, for his biggest takeaway from the recent meeting between US President Joe Biden and Canadian PM Justin Trudeau.