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    Archives: Briefings

    Unemployment stays near record low, setting stage for another interest-rate hike

    Canada added 10,000 jobs in November, a number small enough for Statistics Canada to call employment levels “little changed” from the month before. But the agency reported that the unemployment rate, which is calculated using the number of people actively looking for work, fell 0.1 percentage points to 5.1 per cent last month; hourly wages also increased 5.6 per cent versus the year before. (The Logic)

    MPs broaden bill making Big Tech pay for news to include smaller outlets

    Funding recipients of under Bill C-18 will still need to have two journalists but one of them can be an owner of the news outlet or someone else who doesn’t deal at arm’s length with the business side of the operation, the House of Commons heritage committee decided on a 7-4 vote. (The Logic)

    Parkland doubles its ultra-fast EV charger plans from 25 to 50 locations

    The Calgary-based gas station and convenience store company said it will use over $6.8 million in funding from Natural Resources Canada and British Columbia’s government to add chargers to Chevron and On the Run stations between Vancouver Island and Calgary. (The Logic)

    U.S. dismisses fraud charges against Huawei executive Meng Wanzhou

    The decision ends a four-year saga that strained China’s relations with both the U.S. and Canada. During most of that time, Meng had been held in Vancouver under house arrest awaiting extradition to the U.S. to face bank and wire fraud charges. (South China Morning Post)

    Goodfood reports $50M net loss in Q4

    The Montreal-based meal-kit company said the net loss, up from $22 million in the same time last year, was mostly caused by a one-time $46-million charge from a cost-cutting project and another $1.2 million as it discontinued products after abandoning its 30-minute delivery business. (The Logic)

    B.C.’s health watchdog files injunction against Telus LifePlus

    The Medical Services Commission alleges Telus Health’s program contravenes the Medicare Protection Act, which is intended to preserve public healthcare, said Adrian Dix, minister of health, in a statement Thursday. (The Logic)

    Manulife Investment Management raising $500M in forest carbon-offset drive

    The subsidiary of Toronto-based insurance and financial-services company Manulife Financial will use the funds to buy swathes of forest lands in the U.S. and possibly the European Union, where the company says carbon sequestration will be prioritized over timber production. (The Logic)

    ‘I didn’t ever try to commit fraud’: Sam Bankman-Fried details ‘bad month’ in public appearance

    In an interview with journalist Andrew Ross Sorkin at The New York Times’ DealBook Summit Wednesday, the former FTX CEO continued to portray the collapse of the Bahamas-based crypto platform as the result of market conditions and sloppy accounting, saying he “didn’t knowingly commingle funds.” (The Logic)

    Volkswagen announces plans to search for Canada battery plant site

    The German automaker said Thursday it would begin a site search in Canada for its first North American battery factory, signing an additional agreement with the federal government about a new PowerCo SE cell factory as Innovation Minister François-Phillipe Champagne visits Germany. (The Logic)

    Canada can work with U.S. on semiconductor reshoring, deputy industry minister says

    The country has “real capabilities” in compound photonics and packaging, Simon Kennedy, deputy minister of Innovation, Science and Economic Development Canada, said at the Public Policy Forum’s fall lecture on Wednesday. “We have capabilities, and the Americans are interested.” (The Logic)

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