Canada working on measures in response to U.S. inflation act -finance minister – Yahoo Canada Finance
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(Reuters) – Canada Finance Minister Chrystia Freeland said on Wednesday the U.S. Inflation Reduction Act impacts Canada and that Ottawa was working on new measures to respond to the legislation.
"You will see some of that (new measures) in the fall economic statement and you'll see further action in the budget in the spring," Freeland told reporters in Windsor, Ontario.
"This is a far reaching piece of legislation with a lot of different consequences for Canada and we are really, really focused on it," she said.
(Reporting by Ismail Shakil in Ottawa; Editing by Chris Reese)
An incident at a farm in Norfolk County Tuesday morning sent one man to hospital with serious injuries. In a social media post, Creekside Growers in Delhi said owner Nick VanderHeide was airlifted to hospital after his leg was trapped in a digger at the flower farm on Windham Road 11. “There are some fractures and a deep puncture that will require lots of attention,” the farm’s post read. “We are praying that the nerves that were damaged will be able to be repaired and that full mobility can be
WELLINGTON, New Zealand (AP) — Farmers across New Zealand took to the streets on their tractors Thursday to protest government plans to tax cow burps and other greenhouse gas emissions, although the rallies were smaller than many had expected. Lobby group Groundswell New Zealand helped organize more than 50 protests in towns and cities across the country, the biggest involving a few dozen vehicles. Last week, the government proposed a new farm levy as part of a plan to tackle climate change. The
OTTAWA — Canada's allies are calling for a rethink in Arctic relations after Russia's invasion of Ukraine. Washington's new Arctic policy calls for an increased American military presence in the Far North. Finland says that while it needs a functioning relationship with neighbouring Russia, it is warning there will be "no return to the prewar reality." Moscow says it is upgrading military bases to improve its search-and-rescue capacity, and argues there is no serious risk of conflict in the Arct
Labour’s motion was defeated by 230 votes to 326, majority 96.
In this episode of Influencers, Andy sits down with ‘Hollywood Ending’ Author Ken Auletta to discuss his latest book on Harvey Weinstein, Ken's career in journalism, and the future of media.
PHOENIX (AP) — Gathered at a table in the state Capitol a little less than two years ago, two Republicans and a Democrat took part in a ceremony proscribed in state law that made official Joe Biden's 10,500-vote victory in Arizona's 2020 presidential contest. While sifting through pages, pen in hand and cameras rolling, Republican Gov. Doug Ducey stopped to silence the “hail to the chief” ringtone on his cell phone. It was a call from President Donald Trump, who was in the midst of a frenetic fi
Some people in Canada who are particularly vulnerable to illness from COVID-19 have a new injectable treatment option. Health Canada expanded its authorization for the drug Evusheld to be used as a treatment by those age 12 and older who are immunocompromised, such as organ transplant recipients or people with certain blood cancers, and are unlikely to have enough of an immune response to COVID-19 vaccination alone, drugmaker AstraZeneca said Tuesday in a news release. In April, the regulator ap
WASHINGTON (Reuters) -The Biden administration said on Wednesday it is awarding $2.8 billion in grants to boost U.S. production of electric vehicle batteries and the minerals used to build them, part of a bid to wean the country off supplies from China. "By undercutting U.S. manufacturers with their unfair subsidies and trade practices, China seized a significant portion of the market," President Joe Biden said Wednesday in announcing the awards."Today we're stepping up… to take it back, not all of it, but bold goals." Albemarle Corp is among the 20 manufacturing and processing companies receiving U.S. Energy Department grants to domestically mine lithium, graphite and nickel, build the first large-scale U.S. lithium processing facility, construct facilities to build cathodes and other battery parts, and expand battery recycling.
OTTAWA (Reuters) -Canada must strengthen its incentives meant to help industry scale up clean technologies after the United States passed massive investments in August to accelerate the green transition there, the finance minister said on Wednesday. The Inflation Reduction Act (IRA) was signed into law by U.S. President Joe Biden and contains incentives for consumers and businesses as the United States seeks to drastically cut its carbon emissions. "This is a far-reaching piece of legislation with a lot of different consequences for Canada," Finance Minister Chrystia Freeland told reporters in Windsor, Ontario, where she spoke to automotive parts manufacturers earlier.
On Friday, Sept. 9, the Taber Oilman’s Association hosted their local golf tournament with Saunders Insurance supporting it by sponsoring a hole-in-one contest. This year, Mitch Perini won the contest securing himself a nice $20,000 check after a hole in one at the Taber Golf Club. “We just had a group of guys this year that went into a couple of tournaments together and then went to this one, so figured why not,” explained Perini when asked about why he entered into the competition before talki
Here's why Constellation Software and Shopify are two top growth stocks to buy right now. The post Buy These 2 Growth Stocks on the Dip appeared first on The Motley Fool Canada.
DETROIT (Reuters) -U.S. legislators need to give automakers operating in the United States more time to achieve the required sourcing levels of battery minerals used in electric vehicles to qualify for federal tax incentives, several industry executives said on Wednesday. The Inflation Reduction Act, as currently written, requires automakers to have 50% of critical minerals used in EV batteries come from North America or U.S. allies by 2024, rising to 80% by the end of 2026. Volkswagen Americas Chief Executive Pablo Di Si said the industry cannot move that fast.
VANCOUVER — Vancity says it is launching a program that will allow its Visa credit card holders to track the estimated carbon emissions of their purchases. The Vancouver-based credit union says all Vancity Visa credit card holders will be offered the data, which will also include how their spending-linked emissions compare nationally and which purchases have the highest environmental cost. Vancity says it is partnering with climate-focused German fintech ecolytiq to offer the carbon calculator.
The German government approved a plan on Wednesday to spend 6.3 billion euros ($6.1 billion) over three years to rapidly scale up the number of charging stations for electric vehicles across the country, as part of its push towards net zero emissions. The plan envisages a 14-fold increase in the number of charging stations, climbing to 1 million by 2030 from around 70,000 now. It also aims to have 15 million electric vehicles on German roads by 2030 from around 1.5 million now.
WASHINGTON (Reuters) -The U.S. Transportation Department (USDOT) on Tuesday said it would allow Delta Air Lines and United Airlines to temporarily delay resuming flights to Cuba as they work to address logistical issues. United last month said it has been working for months to relaunch Havana service but faces hurdles, while Delta also said it was facing issues in reestablishing service. USDOT said it would require United to resume service no later than Dec. 1 and Delta no later than March 26.
CHICAGO (Reuters) -United Airlines Holdings on Tuesday forecast a profit for the current quarter well above Wall Street estimates after reporting higher-than-expected third-quarter earnings due to a robust rebound in travel demand. The Chicago-based carrier reported an adjusted profit of $2.81 per share for the third quarter, topping analysts' expectations by 53 cents, according to Refinitiv data. United said it expects an adjusted profit of $2.00 to $2.25 per share in the fourth quarter through December on a 24% to 25% jump in total revenue per available seat mile compared with the same quarter in 2019.
Canada’s annual inflation rate slowed to 6.9 per cent in September, down slightly from 7 per cent in August.
JAY, Maine (AP) — Across the U.S., families are looking to the winter with dread as energy costs soar and fuel supplies tighten. The Department of Energy is projecting sharp price increases for home heating compared with last winter and some worry whether heating assistance programs will be able to make up the difference for struggling families. The situation is even bleaker in Europe, with Russia’s continued curtailment of natural gas pushing prices upward and causing painful shortages. In Main
HALIFAX — Nova Scotia’s heavily subsidized ferry that operates between Yarmouth, N.S., and Bar Harbor, Maine, will be the subject of an economic impact study, the premier said Tuesday. Tim Houston told reporters that taxpayers who covered the ferry's $17-million annual subsidy would have liked more passengers to have used the service during the recently concluded sailing season. Bay Ferries said on Monday the ferry transported slightly more than 36,000 passengers and nearly 15,000 vehicles betwe
Age of Union Alliance, the non-profit environmental organization led by Dax Dasilva celebrates its one-year anniversary, nearly completing its initial pledge of $40 million CAD. Age of Union has invested in 10 projects globally, nine of which launched over the last year, with the 10th set to be announced in late 2022, all focusing on boots-on-the-ground conservation and restoration work in critically endangered ecosystems. Age of Union will continue to make additional pledges in the years to com
