Economy

We Will Not Enforce Order Violates Constitutional Rights

The sheriff’s office of Pennsylvania’s Cumberland County said on Friday that it will not enforce Gov. Tom Wolf’s (D) shutdown orders, vowing to continue to “honor our solemn oath to Support, Obey and Defend the Constitution of the United States and the Constitution of this Commonwealth.” “The Cumberland County Sheriff’s Office will honor our solemn …

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‘Horrifically swift’: Canada lost almost two million jobs in April; jobless rate soars to 13%

The Canadian economy lost two million jobs in April, an astonishing figure and, remarkably, one that might  understate the damage caused so far by the coronavirus crisis, economists said.  Statistics Canada on Friday reported the collapse in employment caused the jobless rate to spike to 13 per cent from 7.8 per cent in March, nearly matching …

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Greek PM says EU must decide on health protocols for tourism to restart

Greek Prime Minister Kyriakos Mitsotakis said on Monday that the EU needs to decide on health protocols to allow the tourism sector to restart soon, as the countries of the south are struggling to salvage their economies from the Coronavirus crisis aftermath. “Best-case scenario is Greece is open for business July 1, and we’re working …

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Delta Air Lines Donating 200,000 Pounds of Food to Charity

Delta Air Lines has decided to donate 200,000 pounds of its uneaten perishable and nonperishable food as a result of the lack of passengers flying due to the coronavirus pandemic. The Atlanta-based airline said it would be donating the uneaten food that goes on its airplanes and in its Sky Club to charities in Georgia …

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‘They’ve basically all gone away, haven’t they?’: After Buffett’s LNG exit, industry watchers wonder who’s left to invest in Canada

A day after legendary investor Warren Buffett’s Berkshire Hathaway abandoned an investment in GNL Quebec’s $9-billion Energie Saguenay liquefied natural gas project, frustrated investors and analysts are wondering if there’s anyone left to invest in LNG in Canada — or anything else, for that matter. “They’ve basically all gone away, haven’t they?” said Cameron Gingrich, …

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Stephen Poloz to step down: How Canada’s top banker went from folksy obscurity to steady hand

OTTAWA — Outgoing governor Stephen Poloz once joked that, after being chosen to succeed Mark Carney as head of the Bank of Canada in 2013, he was received much like the guy who replaced Wayne Gretzky. That is to say: nobody actually remembers the guy who replaced The Great One. Poloz was plucked from relative …

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Bank of Canada’s Stephen Poloz: Six candidates to be the next governor

Now that Stephen Poloz has announced he will step down as Bank of Canada Governor after his seven-year term ends in June 2020, attention turns to the possible candidates who might replace him. Here are six possibilities. The Favourite Carolyn Wilkins, senior deputy governor, Bank of Canada Carolyn Wilkins, senior deputy governor, Bank of Canada …

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1 in 5 Left-Leaning Bosses ‘Will Not Hire’ Trump Supporters

A survey finds one in five left-leaning bosses “will not hire” job candidates who are supporters of President Donald Trump. In addition, significant majorities of bosses want to know prospective employees’ views on racial equality, gender equality, LGBTQ rights, and immigration. Results of the survey, conducted by Airtasker, were obtained by Paul Bedard at the …

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Moody’s downgrades Alberta’s credit rating over weak economy reliant on oil

EDMONTON — The Alberta government’s credit rating has been downgraded by an agency that cited the province’s reliance on oil revenue and what it calls its high environmental risk. Moody’s Investors Service has adjusted the province’s rating to Aa2 stable from Aa1 negative. The rating service cites weakness in the provincial economy that remains concentrated …

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USMCA: Ratification is getting there but ‘difficult issues’ remain

The push to ratify a new North American trade pact is “getting there” Mexico’s top negotiator says, though some “difficult issues” remain as U.S. Democrats continue to insist on stronger labour enforcement. Jesús Seade, Mexican Undersecretary for North America, met with Prime Minister Justin Trudeau and Deputy Prime Minister Chrystia Freeland in Ottawa Friday, as …

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