iPolitics By iPolitics. Published on Apr 19, 2021 11:43am
The Lead
The U.S. and China have committed to fight climate change together “with the seriousness and urgency that it demands.” The announcement came on Saturday night after U.S. climate envoy John Kerry visited China for three days of meetings, Reuters reports.
“Climate is a life-or-death issue in so many different parts of the world,” Kerry said in an interview on Sunday in Seoul, where he met with South Korean officials to discuss global warming. “What we need to do is prove we can actually get together, sit down, and work on some things constructively.”
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Adrien Veczan/The Canadian Press
Earnings season begins with stock markets red hot, valuations rich, and investor enthusiasm off the charts. Expectations are high. But probably not high enough.
Throughout the pandemic, analysts and forecasters have struggled to keep pace with the explosive rebound in economic activity and corporate profits in both Canada and the United States.
As a result, the corporate sector has consistently posted results well ahead of expectations, providing markets with a steady drumbeat of positive news, thereby reinforcing investors’ upbeat sentiment.
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iPolitics By iPolitics. Published on Apr 15, 2021 12:56pm Conservative Party Leader Erin O Toole pictured in Ottawa in March 2017 unveiled his party s climate action plan in Ottawa on April 15, 2021.(iPolitics/Matthew Usherwood)
The Lead
Conservative Leader Erin O’Toole released his party’s climate plan on Thursday. The plan contrasts the Liberal carbon tax-and-rebate system by proposing to charge a levy on fuel purchases and divert revenues into a “Personal Low Carbon Savings Account,” which Canadians would use for environmentally friendly purchases. Essentially, Canadians would pay into their account every time they purchase hydrocarbon-based fuel, like gas, and then use that money to pay for green products like a bike or bus pass.
iPolitics By iPolitics. Published on Apr 14, 2021 11:49am
The Lead
Canada is growing more reliant on U.S. oil, where 77 per cent of Canadian crude imports came from the U.S. in 2020, according to a new report from the Canada Energy Regulator. This figure is up 5 points from 2019.
“We do often think of the pipeline relationship between the two countries as being one of, ‘Canada produces and exports to the U.S.,”‘ said Darren Christie, the regulator’s chief economist. “This is specifically showing that there is another side to that coin, which is that we also import production from the U.S.” he added.