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Freeland items economic update nowadays amid busy week of monetary news

For the many Canadians who watch the financial system the best way some folks watched the fight that resulted in Sunday’s Gray Cup, this is an exhilarating week, writes CBC business columnist Don Pittis.

In a hurry to get trade completed before the yr ends, Canada’s finance minister, Chrystia Freeland, kicks off an financial blitz.

On Monday, she defined the federal govt’s new dating with the Bank of Canada. And on Tuesday afternoon, she presents a fractured Parliament with her outlook for the economic system and for spending within the coming 12 months.

But that is not all that awaits financial system devotees. Also this week, because of an twist of fate of the calendar, Wednesday will be offering a brand new set of hotly awaited — and hotly debated — financial information for you to also help set the tone for 2022.

Canadian inflation figures are out and face close scrutiny following last week’s file of outstanding worth rises within the America. Also Wednesday, U.S. Federal Reserve chair Jerome Powell is widely expected to reveal what he’s going to do about the ones rising prices within the coming yr, something that allows you to have an effect on Canadians, too.

to not be ignored, the other financial factor that opponents inflation — space prices — gets its ultimate display earlier than the brand new year as the Canadian Real Estate Affiliation (CREA) rolls out its latest knowledge on Canada’s expensive marketplace, and the Canada Loan and Housing Company releases the latest numbers on housing starts.

Two other economic signs — retail sales and production orders — are both expected to turn the economy remains sturdy. Learn extra in this tale right here.

Pack your journey canine

Get informed on the top stories of the day in 1 quick scan

(Jeff Pachould/AFP/Getty Photographs)

A Woman sporting her canine in a backpack prepares to ski in this photograph taken Monday on the Alpe d’Huez ski lodge in France.

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Nova Scotia and New Brunswick are bringing in more potent COVID-19 measures as they turn into the latest provinces to announce they’ve detected the omicron variation. Beginning Friday morning, recreation amenities, stores, shops, museums and libraries in Nova Scotia won’t be allowed to run at most capacity except physical distancing can be maintained. Indoor and out of doors casual gatherings will be restricted to twenty people. Bars and eating places may even be restricted to 20 people in keeping with desk. as well, all close contacts of sure instances will have to isolate till they receive a bad PCR test, irrespective of vaccination standing. In New Brunswick, students in kindergarten to Grade 6 will cross on holiday break this Friday in place of subsequent week, and all sports and organized actions for youngsters beneath 12 years vintage are suspended as of Monday night. Households should prohibit their contacts to a gentle 20. In The Meantime, entertainment centres, comparable to film theatres, can operate at 50 per cent capacity with physical distancing, and restaurants can continue to supply dine-in with distancing among tables. Read extra in this tale here. 

Manitoba is looking the federal government for in depth care unit nurses to help with the fourth wave of COVID-19, as a scarcity of critical care beds causes huge system backlogs. The province asked over the weekend for 15 to 30 nurses for approximately six weeks, officials said in a statement on Monday, and are looking ahead to a response. the assistance could build up the province’s ICU capability to deal with continued drive in leading acute care facilities due to the consequences of COVID-19 while allowing more surgical procedures to take place, a spokesperson stated. As of Monday morning, there were 102 patients in Manitoba very important care units, up just about 17 consistent with cent from only a week in the past, a spokesperson from Shared Health stated. Among those 102, 35 were COVID-19 sufferers, all however one among which were now not fully vaccinated towards COVID-19. Learn extra on Manitoba’s request.

Citizens of southern British Columbia will soon be able to buy as a lot fuel on the pump as they would like. B.C. Protection Minister Mike Farnworth stated gasoline regulations will raise at the finish of Tuesday, regardless of the government’s choice to extend the province’s present state of emergency as a result of flooding any other weeks. The state of emergency was declared on Nov. 17 after days of relentless rain caused fatal landslides and excessive flooding that displaced thousands of individuals from their homes, destroyed crucial highway infrastructure and quickly shut down the Trans Mountain pipeline. On Nov. 19, the province restricted non-crucial automobiles within the Decrease Mainland-to-Desire area, the sea-to-Sky area, Sunshine Coast, the Gulf Islands and Vancouver Island to 30 litres of gasoline consistent with shuttle to the fuel station. the government stated gas regulations can also be lifted now because of the gradual reopening of the pipeline and shipments of fuel to B.C. by means of truck and barge. Learn the whole story here. 

Wanping Zheng, who used to be charged final week in what police are calling “a question of international actor interference,” claimed publicly to have overseen a bunch of prime Canadian aerospace initiatives. Closing week, the RCMP charged the 61-year-antique guy from Brossard, Que., with breach of trust. He Is accused of the use of his status as an engineer on the Canadian Space Agency to barter satellite station deploy agreements with Iceland on behalf of a Chinese aerospace corporate. Documents filed in court display the alleged crime happened back in 2018. “We do imagine this to be a question of overseas actor interference,” RCMP Insp. David Beaudoin, the officer in charge of operations for the Built-In Nationwide Security Enforcement Crew in Quebec, mentioned past due ultimate week. A supply with wisdom of the research said the company Zheng is accused of helping is named Spacety. it’s a Chinese company focusing on satellites that may take top-answer photographs. Read more on this tale right here. 

WATCH | House agency worker accused of the usage of status to assist Chinese corporate: 

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Space agency worker accused of the use of standing to assist Chinese Language company

5 days in the past

Duration 2:01

For four days, 23-year-vintage Lava Azad concept her family used to be on the edge of beginning a new life in the Eu Union. After sleeping within the expansive Białowieża Forest, which straddles Belarus and Poland, for greater than a week, she alongside along with her husband and son controlled to move into Poland. She says the family from Iraq spent 4 more nights slumbering in the frigid temperatures before Polish police found them and drove them 12 kilometres again to Belarus. Now Azad, along with kind of 1,000 others, is living in a warehouse designed to retailer mail and packages. it is positioned in the the city of Bruzgi, just a few hundred metres from the heavily fortified border that migrants have spent months desperately trying to go. “we want to make life good for our children,” said Azad to a CBC crew that used to be given access to the warehouse via Belarusian government, who’ve been accused via their EU neighbours of manufacturing the migrant situation as retribution for sanctions. Read more on this story from CBC’s Briar Stewart.

WATCH | Migrants hope for future in EUROPEAN amid grim conditions in Belarus: 

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Migrants hope for long run in EU amid grim stipulations in Belarus

1 day ago

Duration 5:04

Now for a few good news to begin your Tuesday: For Many of his grownup life, Thor Vikström has watched the seasons change and the birds come and move from the small island he is owned that sits reverse his riverside home in Laval, Que. At 93, he says he is at peace figuring out the land will stay safe lengthy after he is long past now that he’s donated it to the nature Conservancy of Canada. Referred To As Île Ronde, the seven-acre island is a nearly untouched habitat in the heart of an city centre. Wedged between best cities, it’s easy to overlook. However its woodland and marshland is teeming with biodiversity. Vikström has owned and cared for the land because the overdue 1960s, when he built his circle of relatives house in Laval and fell in love with his view of the island. He certain its former proprietor to sell, so he may keep it untouched. Learn extra about his donation.

WATCH | A Quebec man’s lifelong quest to give protection to an uninhabited island: 

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A Quebec guy’s lifelong quest to protect an uninhabited island

1 day ago

Duration THREE:FIFTY EIGHT

 

Entrance Burner: Quebec teacher removed from classroom over hijab

the controversy over Quebec’s controversial secularism legislation, known as Invoice 21, has been reignited after a teacher was once informed she will no longer educate her Grade 3 class because she wears a hijab. 

Fatemeh Anvari was once hired this fall at Chelsea Elementary College, all through a duration of confusion over whether English college boards had to implement the non secular symbols ban. Now, within the wake of a up to date courtroom determination at the ban, Anvari has been pressured out of lecture room educating.

These Days, we’re speaking to Montreal teacher Maha Kassef concerning the a long way-attaining outcomes of Invoice 21 for each academics and students. Then, CBC reporter Jonathan Montpetit gives us the latest on the court and political battles surrounding the law — and how they name into question our understanding of the way a lot Canada’s Constitution really protects particular person rights and freedoms.

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25:02Quebec trainer removed from school room over hijab

Lately in history: December 14

1911: Norwegian explorer Roald Amundsen turns into the first individual to reach the South Pole. He and three partners beat British explorer Capt. Robert Falcon Scott to the Pole through 35 days. 

1929: the federal government of Canada transfers control of natural resources to Manitoba and Alberta.

1962: The U.S. satellite Mariner II makes the first close-up statement of Venus.

1998: Finance Minister Paul Martin rejects proposed mega-mergers of Canada’s 4 biggest banks, bringing up concerns raised by way of a contest Bureau document that financial institution mergers might end result within the unacceptable concentration of financial energy within the palms of fewer, very large banks.

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