Canada

2020-05-31

COVID-19 has Canada’s banks worried about sickly loans, but they’re still raking in the cash

Arye ben-Shaoul Business & Economics, Canada 0

Article Link: https://www.cbc.ca/news/business/bank-earnings-analysis-1.5589827

Discussion posted by: Arye ben-Shaoul

Canada’s 5 biggest banks took in nearly $5B in profit last quarter, but set aside twice that for bad loans If Canada’s big banks are the canary in the coal mine for the economy as a whole, then there was some good news this week, and some less good news. While the COVID-19 pandemic wreaked havoc on Canadian society, Canada’s five biggest lenders — Royal Bank, Bank of Montreal, Scotiabank, CIBC and TD — remained profitable even as they set aside billions of dollars to offset possible losses from loans that might go bad in the coming months.

2020-05-30

Thousands of protesters demand ‘Justice for Regis’ in downtown Toronto

IRWeasel Canada, Health & Living, Law & Crime 0

Article Link: https://torontosun.com/news/local-news/thousands-of-protesters-demand-justice-for-regis-in-downtown-toronto

Discussion posted by: IRWeasel

A passionate gathering to protest anti-black and anti-Indigenous racism, dubbed Justice for Regis, made its way through downtown Toronto on Saturday afternoon. Thousands of people, some carrying signs that read, “Stop killing us,” and, “Black Lives Matter,” while chanting, “Shame, shame,” and, “Say her name,” gathered after high-profile police-involved deaths of black people in both Canada and the U.S. — the latter prompting several days and nights of protests in American cities.

2020-05-30

GOLDSTEIN: Trudeau hides behind COVID-19 secrecy

IRWeasel Canada, Health & Living, Politics 0

Article Link: https://torontosun.com/opinion/columnists/goldstein-trudeau-hides-behind-covid-19-secrecy

Discussion posted by: IRWeasel

When Prime Minister Justin Trudeau, then Liberal leader, told a roomful of female supporters at a political fundraiser in 2013 he admired China’s “basic dictatorship,” it turns out he wasn’t kidding. While not at the level of an actual dictator like Chinese President Xi Jinping, Trudeau is using the public health and economic crisis caused by the COVID-19 pandemic as an excuse to bypass Parliament and reduce scrutiny of his government.

2020-05-30

Woman alone on High Park balcony when she fell to her death: Sources

IRWeasel Canada, Law & Crime, Misfortune & Tragedy 0

Article Link: https://torontosun.com/news/local-news/woman-alone-on-high-park-balcony-when-she-fell-to-her-death-sources

Discussion posted by: IRWeasel

Troubled Regis Korchinski-Paquet plunged to her death while trying to vault to a neighbouring balcony at her High Park highrise on Wednesday, sources tell the Toronto Sun. An independent witness claims the 29-year-old was alone on the balcony before her deadly fall — a statement that contradicts the accusation made in the aftermath by a relative who claimed police officers “threw my cousin off the building.”

2020-05-30

Man, 33, gunned down at Rexdale townhouse complex

IRWeasel Canada, Law & Crime 0

Article Link: https://torontosun.com/news/local-news/man-33-gunned-down-at-rexdale-townhouse-complex

Discussion posted by: IRWeasel

A Rexdale neighbourhood sustained some fresh scars as a 33-year-old man was gunned down early Saturday. Nine bullet holes marked a dark brown brick wall in the winding townhouse complex at 1809 Martin Grove, just south of Albion Rd. Toronto Police Forensic officers spent the morning collecting shell casings and other evidence from the nearby playground.

2020-05-30

BONOKOSKI: Meng Wanzhou; the story that keeps on giving … and giving

IRWeasel Canada, International, Law & Crime, Politics 0

Article Link: https://torontosun.com/opinion/columnists/bonokoski-meng-wanzhou-the-story-that-keeps-on-giving-and-giving

Discussion posted by: IRWeasel

My trip into fantasyland Thursday where Meng Wanzhou was fictionally spirited away from house arrest in her $15-million Vancouver mansion to be tossed into a common detention centre among the unscrubbed from the city’s notorious Lower East Side certainly had the mail chute coming to life.

2020-05-30

Boy, 17, wanted for shootout that killed talented Toronto rapper Houdini

IRWeasel Canada, Law & Crime 0

Article Link: https://torontosun.com/news/local-news/boy-17-wanted-for-shootout-that-killed-talented-toronto-rapper-houdini

Discussion posted by: IRWeasel

A 17-year-old boy is now wanted on a Canada-wide warrant for Tuesday’s broad daylight downtown shootout that killed talented Toronto rapper Dimarjio Jenkins, who was known by his stage name Houdini. Toronto Police obtained judicial authorization to identify and release the photo of underage suspect Eleijah Robinson — believed to be one of two Houdini associates who drew firearms and returned fire when they were ambushed by a gunman wearing a surgical mask near the Bisha Hotel on Blue Jays Way around 4 p.m.

2020-05-30

WARMINGTON: Cottage country restaurant briefly re-opens in defiance of Emergency Act

itzfitzhere Canada, Food & Drink, Health & Living, Politics 0

Article Link: https://torontosun.com/news/local-news/warmington-cottage-country-restaurant-briefly-re-opens-in-defiance-of-emergency-act#comments

Discussion posted by: itzfitzhere

How about a little jail time to go with those eggs? Or maybe top it off with a $500,000 fine? This was the ultimatum Minden 50’s Diner owner Jason Lake faced when he opened the doors to his restaurant in the heart of cottage country Friday — the first Ontario restaurant to do so during the COVID-19 pandemic lockdown. Needless to say this restaurant owner has some jam. “The OPP showed up,” the entrepreneur and former TV host said. “I was pretty anxious.”

2020-05-30

Rex Murphy: Newfoundland’s SOS falls on deliberately deaf ears

Roger Overanout Canada, Nature & Environment, Politics 0

Article Link: https://nationalpost.com/opinion/rex-murphy-newfoundlands-sos-falls-on-deliberately-deaf-ears

Discussion posted by: Roger Overanout

At the rate things are going in the province, it might not be around in 2050 to emit any emissions at all. Even during the plague year, Ottawa cannot get off its carbon-emissions high horse. A couple of days ago Premier Dwight Ball of Newfoundland and Labrador and a host of others pleaded in a conference call for urgent assistance to the devastated offshore oil industry. The industry is moving closer to the autopsy table by the hour. Then from Seamus O’Regan, Newfoundland’s minister in the federal cabinet (wherever it is these days, and whatever it is doing), came an email which pointedly didn’t say it was considering the urgent request — how could it not? — but did say that the “province’s commitment to net zero emissions by 2050 is good for our environment and good for our economic competitiveness.”

2020-05-30

Rex Murphy: We now have two national crises, and Parliament has abdicated its responsibility

Roger Overanout Canada, Health & Living, Politics 0

Article Link: https://nationalpost.com/opinion/rex-murphy-we-now-have-two-national-crises-and-parliament-has-abdicated-its-responsibility?video_autoplay=true

Discussion posted by: Roger Overanout

Suspending the House of Commons during the COVID-19 pandemic and a horrifying crisis in the care of Canada’s elderly is utterly reprehensible. “The Trudeau government announced, following the grim revelations about long-term care in Canada, that Parliament will be recalled in a special emergency session to deal with the scandal of abuse and neglect of its elderly citizens. ‘Parliament must weigh in,’ said Prime Minister Justin Trudeau, ‘on the savage neglect of its old people. Thousands of our seniors have been abused, neglected and died. Parliament must explore this national shame.’ ” Except that didn’t happen. That’s what everyone should have been reading Wednesday morning. What was the headline you were reading? Trudeau and Singh make deal to neuter Parliament till Sept. 21.

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