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Sunday, February 20, 2022

Canadian government to vote on whether to pass controversial Emergencies Act to deal with Ottawa protest riot

    Canada column for Sunday, Feb. 20/22

    THE CANADIAN REPORT

   By Jim Fox

    The Canadian government will decide on Monday whether it still needs to pass a controversial Emergencies Act to deal with anyone still at the illegal occupation of Canada’s Parliament grounds in Ottawa or coming back.

   A massive congregation of police officers from across Canada and the Mounties began arresting protesters one-by-one and seizing their trucks and cars on Friday that had occupied the capital the past three weeks.

   Despite orders to leave, hundreds of protesters in the trucker convoy were being arrested and vehicles seized and towed.

   In what started as anti-virus mandate protest to “take back their freedom,” the participants refused to leave until Canada’s government is replaced.

   Similar protects closed the Ambassador Bridge linking Windsor, Ontario with Detroit that lasted six days and other smaller protests across the country.

   People who have given money in the millions of dollars to support the blockades and protests should be concerned, including Americans who have given the majority of the cash through social media sites, said Deputy Prime Minister Chrystia Freeland.

   Financial service providers have started freezing bank accounts of people associated with the trucker activities and those supporting the illegal occupation, she said.

    ---

    Just in time for the mid-March Spring Break week, Canada is loosening its border virus test rules.

   As of Feb. 28, vaccinated travelers will no longer need a molecular COVID-19 test to enter Canada but instead can opt for the much-less expensive and easier-to-use rapid test.

   The tests need to be managed by a laboratory, health care or telehealth provider.

   Some fully vaccinated travellers might still be randomly selected for a molecular test at the airport, but they need not quarantine while they wait for the result.

   As well, unvaccinated children younger than 12 and traveling with vaccinated adults will no longer have to isolate from school, daycare or other public places for 14 days after they arrive in Canada.

    ---

    News in brief:

   - Teen-aged violence has police and parents concerned in Toronto. A 14-year-old boy was arrested for murder and attempted murder in a shooting at David and Mary Thomson Collegiate. Another boy was arrested for “aggravated assault” after a Toronto transit driver was stabbed over a fare dispute with a group of youths. It was the second stabbing of a transit worker in a week, with a 30-year-old man facing charges of assault with a weapon.

   - Charles Juravinski, a businessman and philanthropist, who supported health care across Hamilton, Ontario, has died. He was 92.

   - The new Hurontario Light Rail Transit line will be named after Mississauga, Ontario’s former Mayor Hazel McCallion, to mark her 101st birthday.

 ---

    Facts and figures:

   Canada’s dollar is steady at 78 cents U.S. while the U.S. dollar returns $1.28 in Canadian funds, before exchange fees.

   The Bank of Canada’s key interest rate is unchanged at 0.25 percent while the prime lending rate is 2.45 percent.

   Canadian stock markets are lower, with the Toronto index at 21,094 while the TSX Venture index was 849 points.

   The average price for gas in Canada is at a record high at $1.56 a liter (Canadian) or $5.92 for a U.S. gallon.

   Lotto Max: (Feb. 15) 19, 26, 28,36,40,42 and48; bonus 6. (Feb. 11) 1, 10, 12, 30, 33, 34 and 36; bonus 4.

   Lotto 6/49: (Feb.16) 2, 8, 30, 31, 40 and 44; bonus 11. (Feb. 12) 1, 25, 26, 37, 40 and 43; bonus 3.

    ---

    Regional brief:

   - Anti-pipeline protesters have caused “millions of dollars” in damage at the Coastal GasLink project in Houston, British Columbia. Mounties said about 20 people attacked security guards where the 500-mile natural gas pipeline is under construction. They blocked the road and damaged heavy machinery and buildings. No serious injuries were reported.

 thecanadareport.blogspot.com

 

Tuesday, February 15, 2022

Anti-vaccine truckers to face stiff fines and time in jail if they don’t remove their “freedom rallies”

    Canada column for Sunday, Feb. 13/22

    THE CANADIAN REPORT

   By Jim Fox

   After two weeks of blockading Canada’s capital city, Ottawa, to protest vaccine mandates, truckers now face stiff fines and time in jail if they don’t remove their “freedom rally” from downtown streets and U.S.-Canada land border crossings.

   In what started out as a virus mandate-protest to “take back their freedom,” it became a demand for Canada’s government to be overthrown.

   Ontario Premier Doug Ford said in an emotional address there appears to be one alternative – a court injunction with fines up to $100,000 and a year in jail.

   This is the third weekend of the parked convoy of hundreds of big rigs and thousands of people who have taken over Ottawa.

   It has grown to include blockades of the Canada-U.S. border’s Ambassador Bridge connecting Detroit and Windsor, Ontario along with other smaller crossings.

   This has led to layoffs at the many auto plants and demands from the U.S. government to do something quickly.

   The protesters say they will remain until their anarchist demands are met, including dropping all vaccination mandates.

   So far donations to support the truckers in the “freedom rally” protest – many from Americans – have topped $18 million, now under court review.

   “We’ve heard you; now go home,” Prime Minister Justin Trudeau told the protesters at a news conference but he still refuses to meet with them.

   ---

   The Canadian government plans to announce changes to COVID-19 measures at its borders in the next week.

   The announcement by Health Minister Jean-Yves Duclos comes as Canada still advises against non-essential international travel.

   The worst of the latest wave of the pandemic is over and “measures will be tweaked accordingly,” he said.

   He’s expected to remove mandatory pre-arrival PCR COVID testing for Canadians who are fully vaccinated and who travel outside the country.

   Now anyone travelling within Canada by plane, passenger train or boat must be vaccinated against COVID-19 and international travellers are subject to COVID test requirements.

   ---

    News in brief:

   - Quebec is changing its isolation guidelines for those who caught COVID-19 in its fifth wave and believe they’ve caught it again. Quebec Public Health says contact with a positive case makes it unlikely they have been reinjected at this time. The new guidelines apply to people showing symptoms now or have been in contact with someone who has it. Quebec also has a new COVID-19 self-assessment tool to help people determine whether someone needs to isolate. These people don’t need to isolate unless they have a fever and should do so until they have been fever-free for 24 hours.

    ---

    Facts and figures:

   Canada’s dollar is higher at 78 cents U.S. while the U.S. dollar returns $1.28 in Canadian funds, before exchange fees.

   The Bank of Canada’s key interest rate is unchanged at 0.25 percent while the prime lending rate is 2.45 percent.

   Canadian stock markets are higher, with the Toronto index at 21,450 while the TSX Venture index was 866 points.

   The average price for gas in Canada is at a record high at $1.55 a liter (Canadian) or $5.89 for a U.S. gallon.

   Lotto Max: (Feb. 8)16, 29, 32, 34, 38, 39 and 47; bonus 18. (Feb. 4) 5, 15, 19, 22, 37, 46 and 47; bonus 1.

   Lotto 6/49: (Feb. 9) 12, 14, 19, 28, 32 and 36; bonus 17. (Feb. 5) 2, 9, 12, 14, 23 and 24; bonus 10.

   ---

 Regional briefs:

  - A huge avalanche blocked a major highway in British Columbia. Traffic was stopped for several days after the snow cascade on Highway 37A near Stewart. There were no injuries but the province has had several avalanches in recent weeks with one death and two people seriously injured in the Whistler area.

   - Pandemic restrictions were given as the reason Elton John’s “Farewell Yellow Brick Road” tour will bypass Canada next month. John’s website expressed “great regret” for the cancellation of four shows in Toronto and Montreal. Ontario and Quebec limit venues to 50 percent seating capacity but plan to lift their limits on March 14 after the show dates. Shows planned for Toronto and Vancouver in the fall are still planned.

 -30-

 thecanadareport.blogspot.com

 

Sunday, February 6, 2022

Anti-vaccine trucker protests grow across Canada

    Canada column for Sunday, Feb. 6/22

    THE CANADIAN REPORT

   By Jim Fox

    The trucker protest anti-vaccine in Canada’s capital is in its second weekend as protests are growing across the country.

   It started with convoy of hundreds of big rigs from across Canada and thousands of people converging on Ottawa and calling for the federal government to resign or be forced out of office.

   They are demanding that all COVID-19 vaccine, mask and lockdown mandates be dropped.

   The truckers organized the rally to fill downtown streets with days and nights of protests, horn honking and some lawlessness, after Canada and the United States stopped non-vaccinated truck drivers from crossing the border.

   Prime Minister Justin Trudeau, who is in quarantine with the virus has refused to meet with the protesters and police have been mainly observing the ruckus so as not to inflame the situation although numerous fines have been issued.

   There’s little financial concern as the “freedom rally” protest has raised more than $10 million in GoFundMe donations now under review.

   Ottawa Police Chief Peter Sloly said the demonstrators “remain highly organized, well-funded, and extremely committed to resisting efforts to end the demonstration safely. This remains a very volatile and very dangerous demonstration.”

   Support is growing as protests are also planned for Quebec City, Toronto and Kitchener, Ontario this weekend as well as a border blockade at in Alberta.

    ---

    A day after meeting with Ottawa trucking protesters and giving them the “thumbs up” endorsement in photos, Conservative Leader Erin O’Toole is out of a job.

   He was abruptly removed as party leader in a secret vote by his caucus.

   Many in his party were unhappy about O’Toole especially after the Conservatives were second to the Trudeau Liberals in last year’s federal election.

   Candice Bergen, a Member of Parliament from Manitoba, was chosen to be the interim leader for the party.

   O’Toole, 49, said the job was “the honor of a lifetime” and that he will remain as member representing Durham, Ontario.

   There are reports Bergen encouraged O’Toole to meet with the truckers as “there are good people on both sides.”

    ---

    News in brief:

    -  Stricter public health rules aimed at slowing spread of the COVID-19 Omicron variant were blamed for the loss of 200,000 Canadian jobs in January but they are temporary, economists say. The number is the biggest job loss since January of last year when 207,800 jobs disappeared, Statistics Canada said. The number of lost jobs pushed the unemployment rate to 6.5 percent last month compared with 6.0 percent in December. It reflected the number of people temporarily laid off or scheduled to start a job soon and one in 10 workers who were off sick.

    ---

    Facts and figures:

   Canada’s dollar is lower at 75 cents U.S. while the U.S. dollar returns $1.27 in Canadian funds, before exchange fees.

   The Bank of Canada’s key interest rate is unchanged at 0.25 percent while the prime lending rate is 2.45 percent.

   Canadian stock markets are mixed, with the Toronto index down at 21,330 on Friday while the TSX Venture index was up at 853 points.

   The average price for gas in Canada is at a record high at $1.52 a liter (Canadian) or $5.80 for a U.S. gallon.

   Lotto Max: (Feb. 1) 9, 14, 24,26,29, 39 and 49; bonus 42. (Jan. 28) 3, 7, 8, 10,  34, 43 and 47; bonus 16.

   Lotto 6/49: (Feb. 2) 3, 7, 9, 23, 26 and 32; bonus 42. (Jan, 29) 10, 14, 25, 29, 33 and 44;bonus 40.

   ---

    Regional briefs:

   - The leaders of several Canadian provinces are indicating they will end some or most of the remaining COVID-19 health restrictions. Alberta Premier Jason Kenney plans to announce in the next week a date to end Alberta’s vaccine passport and a phased approach to ending almost all health restrictions by the end of the month. Saskatchewan Premier Scott Moe says he’s committed to ending all COVID restrictions soon, even while related hospitalizations are at their highest level of the pandemic.

 -30-

 thecanadareport.blogspot.com

 

Tuesday, February 1, 2022

Convoy of cross-Canada trucks protesting mandatory vaccine requirements at border descend on Parliament Hill in Ottawa

   Canada column for Sunday, Jan. 30/22

    THE CANADIAN REPORT

   By Jim Fox

    Looks like we got us a convoy.

   Truckers are sitting on a pile of cash in the millions of dollars as their anti-vaccine protest rolls into Canada’s capital.

   Tens of thousands of trucks have seen much support – amounting in $6 million in GoFundMe donations to support the cause.

   Their cross-country cavalcade targets the Canadian government in Ottawa this weekend to show opposition to the latest Canada-U.S. cross-border order that truckers in both countries must be vaccinated against COVID-19 to cross.

   Truck drivers warn this will lead to food and product shortages and is a violation of their rights.

   They have been mobilizing all week from all parts of the country as far as British Columbia and some from the U.S. to oppose all public health mandates.

   Called the Freedom Convoy 2022, they made their way to Parliament Hill for the weekend showdown.

   Mike Millian, president of the Private Motor Truck Council of Canada, said the group’s original message has been hijacked by far-right and extreme rhetoric.

   “It’s a fringe minority in the truck convoy with unacceptable views that don’t represent Canadians,” Prime Minister Justin Trudeau said.

    ---

    Canada’s central bankers have decided not to raise the trend-setting interest rate now but the time is coming.

   Bank of Canada Governor Macklem said there is a shift in monetary policy to avoid tackling rising inflation with a rate increase from 0.25 percent where it has been for two years.

  The annual inflation rate is 4.8 percent, the highest in 30 years.

   He cited the ongoing uncertainty around the Omicron variant during the pandemic means the bank isn’t ready to make a move yet.

   But it signals that “interest rates will now be on a rising path” later this year,” Macklem said.

   With the onset of the pandemic in March 2020, rates were kept low to ensure that consumers and businesses had access to low-rate loans to keep the economy afloat.

   ---

   News in brief:

   - The Public Health Agency of Canada has detected more than 100 cases of a new Omicron subvariant known as BA.2, doubling. This is twice the number of infections from the virus detected earlier. Chief Public Health Officer Dr. Theresa Tam said the BA.2 subvariant is being “watched closely” and most of the cases involve international travelers. Some researchers say it could be more contagious but little is known about it yet.

   ---

   Facts and figures:

   Canada’s dollar is lower at 78 cents U.S. while the U.S. dollar returns $1.28 in Canadian funds, before exchange fees.

   The Bank of Canada’s key interest rate is unchanged at 0.25 percent while the prime lending rate is 2.45 percent.

   Canadian stock markets are lower, with the Toronto index at 20,559 on Friday while the TSX Venture index was 834 points.

   The average price for gas in Canada is nearing a record high at $1.48 a liter (Canadian) or $5.62 for a U.S. gallon.

   Lotto Max: (Jan. 25) 11, 13, 18, 20, 23,30 and 40; bonus 37. (Jan. 21) 10,14, 21, 26, 28, 36 and 50; bonus 41.

   Lotto 6/49: (Jan. 26) 5, 22, 25, 30, 32 and 46; bonus 45. (Jan.  22)   7, 12, 27, 31, 37 and 44; bonus 35.

   ---

   Regional briefs:

   - The cleanup is continuing into its second week to remove three-decade record snowfall from Toronto streets. Work crews removed 100,000 tons of snow from main roads and residential side streets after the blizzard dumped two-feet of snow on Jan. 17.  The snow was replaced by bone-chilling Arctic air with temperatures below 0 F.   Nova Scotia and eastern Canada are preparing for a fierce winter storm with high winds and snow moving up the Atlantic Seaboard.

   - Burnaby, a neighbor to Vancouver, has signed a global treaty that recognizes the climate crisis and an urgent need to eliminate fossil fuels City council voted unanimously to endorse a treaty calling on governments and corporations to speed up the transition to clean energy. Mayor Mike Hurley said it supplements a climate emergency declaration in 2019. “To avoid the worst effects of climate change, it is clear that the global community must support a rapid and just transition away from fossil fuels,” he said.

 -30-

 thecanadareport.blogspot.com

Monday, January 24, 2022

Much of Canada digging out from record snowfalls and frigid Arctic cold

    Canada column for Sunday, Jan. 23/22

    THE CANADIAN REPORT

   By Jim Fox

    They’re still digging out from a massive snowstorm that set records across Toronto and eastern Canada.

   The dump of a foot-and-a-half of snow was the most to hit the city in 30 years and gained power as it picked up moisture from the Gulf of Mexico and headed north on Monday.

   It created havoc on the roads as Toronto’s major expressways were closed much of the day as numerous smashed transport trucks and cars without winter tires littered the roads.

   Many vehicles were stuck in driveways as the storm piled up snow on the side streets and took several days for one of the city’s 160 plows and 200 salting trucks to find them.

   Environment Canada issued winter storm warnings for most of Ontario and southern Quebec as the low-pressure system released two inches of snow an hour with high winds.

   “Snow days” delayed the planned return to schools for another two days for students after weeks of remote learning due to the pandemic.

   Commuter services ground to a halt as some 540 Toronto Transit Commission buses were stranded at the height of the storm.

   In Canada’s capital, the school boards pulled buses off the roads as many residential roads had yet to be plowed.

   Across Canada, winter storm and wind warnings were also in place for much of Alberta, parts of southern Manitoba and Saskatchewan.

   In the east, 50,000 people were without power overnight across Nova Scotia due to snow whiteouts, high winds and difficult travel conditions.

    ---

    Canadians should prepare for interest-rate increases as early as this week by the Bank of Canada.

    Scotiabank Economics say there is a “pressing need” for the country’s central bank to raise rates to battle a surge in inflation and soaring house prices.

   They are looking for a rise in the key overnight rate of .25 percent to .5 per cent at its next meeting on Jan 26.

   There has been no comment from the bank as this is predicted to be the first of multiple interest rate hikes this year, rising to 2 percent by the end of the year.

   The annual inflation rate is 4.8 percent, the highest in 30 years, and the average housing price has topped $1 million in many cities.

    ---

    News in brief:

   - Quebec’s threatened tax on people refusing to be vaccinated has drawn the “interest” of Prime Minister Justin who suggests instead that other “strong measures” have worked in keeping Canadians safe. Trudeau said his government is awaiting more details from the Quebec government. Premier François Legault called for the measure as a health tax that many say would be unconstitutional .Trudeau said a key principle of the Canada Health Act is that everyone has equal access to health care without financial or other barriers and that would be respected.

    ---

 

   Facts and figures:

   Canada’s dollar is steady at 80 cents U.S. while the U.S. dollar returns $1.26 in Canadian funds, before exchange fees.

   The Bank of Canada’s key interest rate is unchanged at 0.25 percent while the prime lending rate is 2.45 percent.

   Canadian stock markets are lower, with the Toronto index at 20,736 on Friday while the TSX Venture index was 867 points.

   The average price for gas in Canada is higher at $1.46 a liter (Canadian) or $5.55 for a U.S. gallon.

   Lotto Max: (Jan. 18) 2, 15, 25, 28, 30, 35 and 38; bonus 31. (Jan. 14) 2, 4, 7, 10, 14, 21 and 34; bonus 26.

   Lotto 6/49: (Jan. 19) 3, 12, 19, 37, 39and 45; bonus 47. (Jan. 15) 5,10, 35, 41, 42 and 44; bonus 13.

   ---

    Regional briefs:

   - Ontario, Canada’s most-populous province, will try again to remove pandemic lockdowns now that schools have reopened for in-class learning. Indoor dining, gyms and movie theaters will reopen on Jan. 31 as the province, including Toronto, starts lifting public health measures. Premier Doug Ford said this will be a “gradual and cautious reopening plan” as the virus shows signs of easing. By March 14, the plan calls for all indoor capacity restrictions to be lifted but proof of vaccination requirements will remain.

 -30-

 thecanadareport.blogspot.com

Friday, January 21, 2022

Sggestions of fining the unvaccinated widely condemned in Quebec

    Canada column for Sunday, Jan. 16/22

    THE CANADIAN REPORT

   By Jim Fox

    The Quebec government is facing widespread condemnation over a plan to fine the unvaccinated a ““significant” amount.

   This form of health tax would help pay the medical expenses of the unvaccinated disproportionately filling the province’s hospitals with COVID-19 infections.

   Quebec Premier Francois Legault said this would apply to adults who don’t have a medical exemption and comes as cases of the virus are starting to plateau.

   He said a financial penalty is needed because about half of the patients in intensive care are unvaccinated, even though only 10 percent of adult Quebecers are not immunized

   The controversial plan is to be enacted next month as provincial leaders express concern over a health-care crisis caused by the rapid spread of the more transmissible Omicron variant.

   Prime Minister Justin Trudeau said he needed more details to comment how this might or might not work with Canada’s universally funded health-care system.

   Some members of Legault’s government call the plan discriminatory, unethical and punishing to low-income earners.

    ---

    There are concerns of looming shortages of goods as truck drivers crossing the border from the U.S. must be fully vaccinated as of Jan. 16).

   Truckers are no longer granted an exemption that previously allowed all essential workers to travel back and forth freely.

   The new rule is expected to further impact supply chain challenges as it affects about 16,000 drivers, said Stephen Laskowski, president of the Ontario Trucking Association.

   The industry moves about 80 percent of the annual $648 billion in Canada-U.S. trade.

   Canadian truck drivers not fully vaccinated need to meet requirements for entry, testing and quarantine requirements.

   Others not fully vaccinated are being sent back to the U.S.

    ---

    News in brief:

   - Keurig Canada has been fined $3 million for misleading claims over coffee pod recycling. The Competition Bureau said the company made false or misleading claims that its single-use K-Cup pods can be recycled. The cups aren’t widely accepted for recycling in any province except Quebec and British Columbia. The company will also make an $800,000 donation to an environmental charity and $85,000 for the bureau’s expenses.

   - Canada’s central bank is expected to raise its key interest rate as early as the second half of this year with better-than-expected growth for the economy. The rate has been stalled at 0.25 percent since May 2010. Growth in the economy has been accompanied by higher inflation, significant housing market activity and rising prices.

 ---

    Facts and figures:

   Canada’s dollar is higher at 80 cents U.S. while the U.S. dollar returns $1.26 in Canadian funds, before exchange fees.

   The Bank of Canada’s key interest rate is unchanged at 0.25 percent while the prime lending rate is 2.45 percent.

   Canadian stock markets are mixed with the Toronto index up at 21,228 on Friday while the TSX Venture index was lower at 897 points.

   The average price for gas in Canada is higher at $1.44 a liter (Canadian) or $5.47 for a U.S. gallon.

   Lotto Max: (Jan. 11) 1, 3, 24, 25, 27, 36 and 47; bonus 12. (Jan. 7) 4, 5, 31, 39, 42, 45 and 50; bonus 11.

   Lotto 6/49: (Jan. 12) 8, 21, 26, 29, 31 and 46; bonus 14. (Jan. 8) 6, 18, 23, 31, 46 and 48; bonus 4.

    ---

    Regional briefs:

   - They’re calling it the “rain-mageddon” as British Columbia agencies warn of more flooding.  Environment Canada said the province is in for some more wild weather after earlier devastating flooding and mud slides. The latest warning is for the B.C. coast and Fraser Valley with heavy rain, snow at higher elevations and strong winds. Rain, combined with melting snow, could cause rivers to flood, it warns.

   - What do you do when life gives you thousands of lemons? Laura Mulrooney, who owns a bakery in Chester, Nova Scotia, knows after receiving 2,000 surplus lemons from a grocery store’s ordering error.  She has since swamped the province with lemons and made dozens of squares, lemon loaf, curd, lemon water, lemonade, and gin and tonic.

 -30-

 thecanadareport.blogspot.com

Sunday, January 9, 2022

Canadian airlines canceling flights over virus, crew shortages to winter getaway loctions

    Canada column for Sunday, Jan.9/22

    THE CANADIAN REPORT

   By Jim Fox

   Two of Canada’s largest airlines, Air Canada and West Jet, have canceled more than 500 flights in the past week that include sun destinations in Florida and the Caribbean.

   As well, “leisure airline” Air Transat has cut about 30 percent of its flights for the next two months.

   Airlines cite a big drop in demand, both consumer and business, over the “ongoing impact of the Omicron pandemic variant and urgings by the Canadian government to avoid non-essential travel and other restrictive measures.

   Air Canada Vacations is the latest to say it is suspending flights to Sun destinations from Jan. 24 until April 30 over the pandemic fallout.

   WestJet cut 15 percent of its scheduled flights through to the end of January over a high proportion of flight crews calling in sick due to Omicron virus.

   Toronto-based Porter Airlines is also reviewing cutbacks to its flight schedules, said spokesman Brad Cicero, due to the “evolving progression” of the virus.

  ---

   New Year’s revelers partying to the extreme on a Montreal-to-Cancun, Mexico charter flight could face jail time and thousands of dollars in fines.

   Defying pandemic lock-down rules, curfews and urgings to avoid non-essential travel, the group could be seen in videos without masks vaping, dancing, drinking and crowd surfing on the Sun Wing flight.

   The government’s Transport Canada bureau is investigating the violations of the passengers for ignoring public health measures and if their actions endangered others.

   Sunwing canceled their return flight and other Canadian airlines barred them from boarding to go home while two of the revelers stayed in quarantine in Mexico with COVID-19.

   Their actions are a “slap in the face” to defy health rules in an outbreak and putting passengers, airline workers at risk by “being completely irresponsible,” Prime Minister Justin Trudeau said.

   ---

   News in brief:

   - With Toronto and Vancouver house prices hitting $1.2 million on average, there are calls for a speculation tax to help bridge the affordability gap. Across Canada, the average price has increased to $720,000 with more than 630,000 houses sold in the past year. Vancouver based think-tank Generation Squeeze says there should be new tax on homes worth $1 million and up.

There have also been suggestions of extra taxes on vacant houses, flipping properties and foreign investors.

   ---

   Facts and figures:

   Canada’s dollar is steady at 79 cents U.S. while the U.S. dollar returns $1.265 in Canadian funds, before exchange fees.

   The Bank of Canada’s key interest rate remains steady at 0.25 percent while the prime lending rate is 2.45 percent.

   Canadian stock markets are lower with the Toronto index at 21,089 on Friday while the TSX Venture index is at 907 points.

   The average price for gas in Canada is higher at $1.425 a liter (Canadian) or $5.41 for a U.S. gallon.

   Lotto Max: (Jan. 4) 7, 8, 13, 20, 25, 26 and 48; bonus 36. (Dec. 31) 7, 25, 30, 35, 38, 40 and 49; bonus 27.

   Lotto 6/49: (Jan. 5) 2, 5, 8, 29, 36 and 45; bonus 23. (Jan. 1) 7, 8, 15, 17, 19 and 33; bonus 6.

   ---

    Regional briefs:

   - The Public Health Agency of Canada reports there were 292,204 new cases of the virus, an increase of 65 percent in the past week. Across the country, there were 271 deaths, an increase of 94 percent. Hospitalizations are 81-percent higher with intensive care beds up 34 percent. Hot spots with many more outbreaks continue to be Quebec and Ontario. Many cases are blamed on “lockdown fatigue” and younger Canadians loosening up their social circles and close-quarter settings.

   - Deaths include Prince Edward Island musician Koady Chaisson, part of the Canadian musicJuno-winning three-man band the East Pointers. He was 37 and no cause of death was given. Quebec filmmaker Jean-Marc Vallee, director of Big Little Lies and Dallas Buyers Club, died at age 58. He also directed the Oscar-nominated film Wild and HBO’s Sharp Objects.

   -30-

 thecanadareport.blogspot.com