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Canadian banks delay employees' return to offices until at least spring
  + stars: | 2020-11-26 | by ( Nichola Saminather | ) sentiment -0.99   time to read: +2 min
On Wednesday, BMO and CIBC said employees working from home will continue to do so until at least April. Most office-based employees at Canadian banks have been working remotely since the start of the coronavirus pandemic in March. Royal Bank of Canada, the nation’s largest lender, hasn’t set a timeframe for a return to its workplaces. Bank of Nova Scotia has chosen not to set a specific timeframe for remote-working employees to return, given continued uncertainty around the pandemic, according to an e-mailed statement. “We have advised employees that they will receive ample notice of any re-entry plans, including at least four weeks notice, should they be asked to return to the physical office setting,” the statement said.
Persons: Carlos Osorio, ” Kenn Lalonde, hasn’t Organizations: TD Bank, REUTERS, Carlos Osorio TORONTO, Dominion Bank, Reuters, Bank of Montreal, Canadian Imperial Bank of Commerce, Wednesday, BMO, CIBC, Deloitte, Royal Bank of Canada, lockdowns, Bank of Locations: Toronto , Ontario, Canada, Toronto, Bank of Nova Scotia
'We're ready': Schiphol airport gears up for chilled vaccine cargos
  + stars: | 2020-11-26 | by ( ) + 0.00   time to read: +4 min
SCHIPHOL AIRPORT, Netherlands (Reuters) - In cavernous cold-storage warehouses at Amsterdam’s Schiphol Airport, KLM workers are gearing up for a surge next year in COVID-19 vaccine cargos that will need to be flown around the world at ultra-low temperatures. Cooled packages are being transported by airplane at the Schiphol Airport as Air France-KLM's cargo operations are preparing a massive logistical operation carrying new vaccines and vaccine candidates for COVID-19 through Amsterdam's Schiphol Airport, Netherlands November 25, 2020. “The short and sweet of it is, yes, we’re ready,” KLM Chief Executive Pieter Elbers told Reuters. Allowed behind strict security at Schiphol on Wednesday, Reuters watched Air France-KLM staff prepare four so-called active containers for a shipment of chilled pharmaceuticals bound for Toronto in Canada. The KLM Cargo warehouse at Schiphol has four cold storage areas for pharmaceuticals and a fifth will be ready in January.
Persons: Pieter Elbers, , Marcel Kuijn, Kuijn, , Paul Crombach, gesturing Organizations: Reuters, Airport, KLM, Air France, Amsterdam's, REUTERS, U.S, Pfizer, BioNTech, Schiphol, KLM Cargo, pharma, AstraZeneca, Oxford University Locations: Netherlands, COVID, Schiphol, Toronto, Canada, Europe, Frankfurt, India, Italy, United States, China, Asia, East, Africa, Dutch
Tesla raises prices for Model S across Europe
  + stars: | 2020-11-26 | by ( Reuters Staff | ) sentiment -0.98   time to read: +1 min
FILE PHOTO: A Tesla Model S steering wheel is on display at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2019. REUTERS/Mark Blinch(Reuters) - Tesla Inc has increased prices for its Model S sedan across Europe, with rates varying in different countries, according to the electric automaker’s website. The price for Model S in Germany currently stands at 81,990 euros ($97,699.28), compared with its earlier price of 76,990 euros. In comparison, Model S costs $67,920 in the United States, following the company’s back-to-back price cuts on the high-end sedan last month. Earlier in the day, Electrek reported here that the price hike also included Model X sport utility vehicle and Model 3 sedans.
Persons: Mark Blinch, Tesla, Electrek Organizations: Canadian, REUTERS, Tesla Inc, Reuters Locations: Toronto , Ontario, Canada, Europe, Germany, France, Spain, United States
Rules relaxed for ChristmasThe message that stricter autumn rules could lead to a more relaxed Christmas period has been repeated across Europe. German MPs are currently considering a draft proposal which would allow up to 10 people to celebrate Christmas and New Year together, CNN affiliate n-tv reported. But since the epidemic began, Passover, Easter, Eid al-Fitr, Eid al-Adha, Rosh Hashanah and Diwali have all been celebrated across Europe. Oldfield also said governments know that a large number of people celebrate Christmas in Europe, compared to other religious days. If Europe does choose to celebrate Christmas with a softening of lockdowns, there may be a price to pay in the new year.
Persons: Boris Johnson, Johnson, Emmanuel Macron, Macron, Giuseppe Conte, Sandra Zampa, Zampa, Leo Varadkar, Chancellor Angela Merkel, Eid, Rosh Hashanah, Anjana Singh, Singh, Amikal, Nadir Mohamed, Elizabeth Oldfield, Oldfield, YouGov, Mohamed, isn't, Susan Hopkins, Hopkins, Gabriel Scally, Epidemiologist Shikta Das, Scally, Das, it's, Mike Ryan, Ryan Organizations: CNN, Italy's Ministry of Health, RTE, Tate, Centre for Muslim, Research, Basel, University of Bristol, WHO's Locations: Europe, England, France, Paris, ICUs, Italian, Italy, Germany, Rosh, Berlin, Tate Britain, London, Britain, Belgium, German, Cologne, Austria, Strasbourg, Switzerland, Estonia, Canada, Canadian, Toronto
Pebble Mine Partnership 'dismayed' by permit rejection, vows appeal
  + stars: | 2020-11-25 | by ( Reuters Staff | ) sentiment -0.98   time to read: +2 min
TORONTO/WASHINGTON (Reuters) - The company trying to develop Alaska’s Pebble Mine project on Wednesday said it was “dismayed” by a U.S. government decision to reject the permit for the contentious project and vowed to lodge an appeal. The administration of Republican President Donald Trump had moved closer in July to approving the mine’s permit, reversing a decision by former Democratic President Barack Obama. But a prominent group of Republicans, including Trump’s son Donald Trump Jr., have publicly voiced opposition, saying the mine would destroy areas of good fishing and hunting. In a statement, Pebble Mine Partnership CEO John Shively said the project had worked closely with the USACE to revamp the project’s approach, including to sensitive wetlands. “All of these efforts led to a comprehensive, positive EIS for the project that clearly stated it could be developed responsibly,” he said.
Persons: Donald Trump, Barack Obama, Donald Trump Jr, Damon Delarosa, , John Shively Organizations: U.S, Republican, U.S . Army Corps of Engineers, Limited, Mine, USACE, Northern, Minerals Locations: TORONTO, WASHINGTON, Alaska’s Bristol, Alaska, U.S
U.S. rejects permit for Alaska mine, company vows appeal
  + stars: | 2020-11-25 | by ( Reuters Staff | ) + 0.00   time to read: +4 min
FILE PHOTO: Sockeye salmon are seen in Bristol Bay, Alaska, in an undated handout picture provided by the Environmental Protection Agency (EPA). Large-scale mining in the Bristol Bay watershed poses serious risks to salmon and native cultures in this pristine corner of southwest Alaska, the U.S. Environmental Protection Agency said in a report. If built, it would produce 70 million tons of gold, molybdenum and copper ore a year and create a pit 1,970 feet (600 meters) deep in Alaska’s Bristol Bay watershed. “A permit denial leaves the door open for future mining in Bristol Bay under more politically favorable circumstances,” the group said in a statement. The United Tribes of Bristol Bay, which represents 15 area tribal governments, and other mine opponents said they would seek permanent protections for the region.
Persons: Damon Delarosa, , Donald Trump, Barack Obama, Donald Trump Jr, John Shively, Joe Manchin, Joe Biden Organizations: U.S . Army Corps of Engineers, Environmental Protection Agency, U.S . Environmental Protection Agency, Handout, Reuters, Army Corps, Pebble Limited, Minerals, Republican, Democratic, Mine, Corps, Engineers, Republicans, West, Natural Resources Defense, United Locations: TORONTO, WASHINGTON, Alaska, Bristol Bay , Alaska, Bristol, U.S, Canadian, Northern, Alaska’s Bristol, West Virginia, Bristol Bay, Vancouver
FILE PHOTO: Sockeye salmon are seen in Bristol Bay, Alaska, in an undated handout picture provided by the Environmental Protection Agency (EPA). If built, the mine would produce 70 million tons of gold, molybdenum and copper ore a year and create a pit 1,970 feet (600 meters) deep in Alaska’s Bristol Bay watershed. “A permit denial leaves the door open for future mining in Bristol Bay under more politically favorable circumstances,” the group said in a statement. The United Tribes of Bristol Bay, which represents 15 area tribal governments, and other mine opponents said they would seek permanent protections for the region. President-elect Joe Biden said in August he opposes the mine and as president would “protect Bristol Bay.” Transition team spokesman Jamal Brown said his position remains the same.
Persons: Donald Trump, Obama, Trump, Damon Delarosa, , Barack Obama, Donald Trump Jr, John Shively, Joe Manchin, Joe Biden, Taryn Kiekow Heimer, Jamal Brown, Biden Organizations: Reuters, U.S . Army Corps of Engineers, Environmental Protection Agency, U.S . Environmental Protection Agency, Handout, Republican, Army Corps, Pebble Limited, Minerals, Democratic, Mine, Corps, Engineers, Republicans, West, Natural Resources Defense Council, United Locations: TORONTO, ANCHORAGE, Alaska, Bristol Bay , Alaska, Bristol, U.S, Canadian, Northern, Alaska’s Bristol, West Virginia, Bristol Bay, Vancouver
TORONTO (Reuters) - Canada’s eight biggest pension funds on Wednesday threw their weight behind global efforts to improve corporate sustainability reporting, urging companies and their investment partners to report environmental, social and governance (ESG) data in a standardized way. In the first joint statement of its kind, CEOs of the top pension funds, which manage C$1.6 trillion ($1.2 trillion) in assets, demanded increased transparency from companies. “How companies identify and address issues such as diversity and inclusion, human capital, board effectiveness and climate change can significantly contribute to value creation or erosion,” the statement released by Ontario Teachers’ Pension Plan, Canada Pension Plan Investment Board and the Public Sector Pension (PSP) Investment Board and others said. They asked the companies to use the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-related Financial Disclosures framework to further standardize ESG-related reporting. Earlier this autumn, the International Financial Reporting Standards (IFRS) Foundation said it was looking into standardization and comparability of reporting on sustainability and climate-change issues.
Persons: Neil Cunningham Organizations: TORONTO, Wednesday, Ontario, Plan Investment Board, Pension, Investment, Force, BlackRock, Foundation, PSP, Reuters, Healthcare, Caisse, British Columbia Investment Management Corporation, Alberta Investment Management Corporation Locations: British
Have job, but no hours: Some employed Canadians not working at all
  + stars: | 2020-11-25 | by ( Julie Gordon | ) + 0.00   time to read: +4 min
There are 391,300 Canadians employed but working zero hours because of the pandemic, data provided to Reuters shows, and another 42,100 working less than half their usual hours. Graphic: Canadians employed but not fully working -There are always some people in the labor force who are employed but have no hours, such as substitute teachers and casual workers. “If the business can hang on and the wage subsidy helps them do that, (the wage subsidy) makes some sense,” said Benjamin Reitzes, Canadian Rates & Macro Strategist at BMO. These same businesses also tend to give staff extra hours, and hire more workers, during the busy holiday season. The under-employment crisis is also hitting entrepreneurs, who still have small businesses to run but have watched their hours, and profits, tumble amid COVID-19 restrictions.
Persons: Carlos Osorio, , Royce Mendes, Brendon Bernard, Benjamin Reitzes, Amir Barnea, Bernard, Niesa, I’ve, ” Silzer Organizations: OTTAWA, REUTERS, Reuters, CIBC Capital Markets, , BMO, HEC Montreal Locations: Toronto , Ontario, Canada, COVID, Calgary
Chihuly: Creating in the glass bubble
  + stars: | 2020-11-25 | by ( Cheryl Lu-Lien Tan | ) + 0.00   time to read: +4 min
NEW YORK (Reuters) - Leslie Chihuly, the wife and business driver behind glass artist Dale Chihuly, believes these are fighting times, especially for artists. Without it, I don’t like how life looks.”Chihuly, 59, had a chat with Reuters about her personal, professional and philanthropic choices. I worked in a small boutique store on the Main Street in my hometown (Guymon, Oklahoma), and it was called The Vogue. I was doing the job at Chihuly with a lot of complexity and a lot of projects and issues. A. I like to move around a lot, so I don’t have one desk where I sit and work.
Persons: Leslie Chihuly, Dale Chihuly, Hannah McKay, , ” Chihuly, I’m, it’s, you’ve, It’s, Samuel Levi Jones, Dale, I’ve Organizations: YORK, Victoria & Albert, REUTERS, Chihuly, Inc, Seattle Symphony, Reuters Locations: Victoria, London, Britain, Guymon , Oklahoma, Toronto, Seattle, Ireland, Italy, Indonesia
” — Pam Cheng, executive vice president of global operations and IT at AstraZeneca, on building a vaccine supply chain. (The Loadstar)Hapag-Lloyd AG’s Rolf Habben Jansen and Jeremy Nixon of Ocean Network Express will head the World Shipping Council trade lobby. (TechCrunch)ABOUT USPaul Page is editor of WSJ Logistics Report. Follow the WSJ Logistics Report team: @PaulPage, @jensmithWSJ and @CostasParis. Follow the WSJ Logistics Report on Twitter at @WSJLogistics.
Persons: Joseph Walker, Jenny Strasburg, Pam Cheng, Sharon Terlep, lockdowns, Jon Emont, J.B, John Kuhlow, Dow Jones, Clarksons Platou, Lloyd AG’s Rolf Habben Jansen, Jeremy Nixon, Paul Page Organizations: AstraZeneca PLC, British, AstraZeneca, Interactive, Nautilus Inc, Nautilus, American Trucking Associations ’, Hunt Transport Services Inc, General Electric Co, Inc, Sporting Goods Inc, McCormick, Mapletree Investments, Straits Times, Blackstone, XPO Logistics, Bloomberg, Alliance, Nikkei, Shipping Co, Ocean Network Express, World Shipping Council, Loblaw Cos ., Logistics, Twitter Locations: Singapore, Cholula, Shanghai, China, Kyushu, New Jersey, Toronto
FILE PHOTO: The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. That was higher than the 18,000 forecast in August’s poll, and would surpass February’s record high of 17,970.51. When asked if their forecasts were based on recent vaccine progress, three quarters of the poll’s respondents said they were. “Rebounding corporate earnings, along with ongoing monetary policy stimulus and fiscal stimulus, will continue to provide broad support,” said Angelo Kourkafas, investment strategy analyst at Edward Jones. (Other stories from the Reuters Q4 global stock markets poll package:)
Persons: Chris Helgren, , Sadiq Adatia, Matt Skipp, Mike Archibald, Angelo Kourkafas, Edward Jones Organizations: TORONTO, Toronto Stock Exchange, REUTERS, Sun Life Global Investments, Investors, TSX, Management, AGF Investments, “ Energy Locations: Toronto , Ontario, Canada, Washington, Refinitiv
NEW YORK (Reuters) - Bitcoin investors, which include top hedge funds and money managers, are betting the virtual currency could more than quintuple to as high as $100,000 in a year. Going from $18,000 to $100,000 in one year is not a stretch, Brian Estes, chief investment officer at hedge fund Off the Chain Capital, said. “Any hedge fund model on bitcoin is rubbish. In May, bitcoin went through a third “halving,” which reduced the rate at which new coins are created, restricting supply. Investors like Stanley Druckenmiller, founder of hedge fund Duquesne Capital, and Rick Rieder, BlackRock Inc’s chief investment officer of global fixed income, have recently touted bitcoin.
Persons: Benoit Tessier It’s, bitcoin, Brian Estes, , ” Estes, Tom Fitzpatrick, Kevin Muir, ” Muir, Cash, Phil Bonello, Bonello, Stanley Druckenmiller, Rick Rieder, Lennard, Juan Perez, ” Perez Organizations: YORK, La Maison du, REUTERS, Paypal, Citi, PayPal, Pantera Capital, Investors, Duquesne Capital, BlackRock, Stack, Tempus Inc Locations: La, Paris, France, Toronto
Neetu Godara, Dan Beach, and Kevin Folk are the cofounders of Social Lite, a line of pre-mixed vodka-soda cocktails with no sugars and artificial ingredients that's set to make $15 million in revenue this year. Now, Social Lite is available at over 3,000 points of distribution across the US and Canada. And thus Social Lite was born. Social Lite. Social Lite is approaching $15 million in revenue this year, which is a significant step up from $2.5 million in 2017, she said.
Persons: Neetu Godara, Dan Beach, Kevin Folk, Folk, Godara, Godara's, somethings, sodas, they'd, Read, Meyers, John Legend, they're Organizations: Liquor, Folk, Business, Danone, Costco, Pepsi, Liquor Control, of Ontario, Credit Suisse, Locations: Dan, Godara, Beach, Alberta, British Columbia, Canada, North America, Florida, Midwest, Illinois, Michigan, Chicago, Ontario, Toronto
15 gift ideas under $50 for the hard-to-please people on your list
  + stars: | 2020-11-24 | by ( Megan Leonhardt | ) + 0.00   time to read: +8 min
To help, CNBC Make It compiled a list of 15 new and creative gift ideas that may be the perfect fit for a hard-to-please friend or family member. Prevent spills and messesStupid Car Tray Price: $34.95 This anti-slip car organizer and food tray is a helpful gift for those on your holiday list who live out of their car. The set contains 10, 5-ounce beef jerky bites to sample. Count down to the holidaysThat Boutique-y Gin Company's 12 Dram Gift set Price: $46.40 With this collection, gin lovers can count down the days to the holidays in style. Although gin traditionally gets its flavor from juniper berries, this set contains a wide range of gins, including cherry, pineapple, smoked rosemary and even Yuzu.
Persons: Jim Carrey, conspires, Max, Dr, Seuss, there's, they're, SaltWorks, who's, shea, margarita, Brew, Price, rebloom, Cuppamoka, Count Organizations: CNBC, Ritual Beverage, Wacaco, UNICEF, Onyx, Netflix Locations: Thai, Massachusetts, McKinney , Texas, Ohio, Toronto, Mexico Price, Mexico
Kristy Shen and Bryce Leung retired at age 31 as self-made millionaires, and have been traveling the world ever since. The couple retired from their computer engineering jobs at age 31 in 2015 as self-made millionaires after they began investing in 2008 during the financial crisis. Since retiring, they've traveled the world for the same amount of money it cost them to live at home. They told Business Insider they've traveled to 40-plus countries so far, but hit pause this year when riding out the pandemic in their home base of Toronto. But to create their financially independent life, they told Business Insider that they first read up on how to get their money affairs and mindset in order.
Persons: Kristy Shen, Bryce Leung, Shen, Bryce Leung didn't, they've Organizations: Business Locations: Toronto
ET Covid-19 Live Updates: Thanksgiving Travel Drops as Americans Rethink Rituals The leader of France says the country is past the peak of the second wave. Federal health officials have said the first Americans will start getting vaccinated within 24 hours of an authorization being issued. Thousands attended an ultra-Orthodox wedding in Williamsburg, Brooklyn, on Nov. 8 that flouted health restrictions intended to stop the spread of the virus. The country has recorded a total of 5,200 coronavirus cases, according to a New York Times database. A volunteer received a trial coronavirus vaccine at a hospital in Moscow in September.
Persons: Macron, Joel Saget, Emmanuel Macron, France’s Covid, Mr, ” Mr, Neil Hall, Michael Gove, , Mark Drakeford, ” —, , Alex M, Azar II, Azar, it’s, Dr, Stephen Hahn, Moncef Slaoui, Michelle V, Tom Wolf, Marc Vetri, Wolf, Rachel Levine, Vetri, Larry Hogan, Gary Herbert, Bryan Denton, Gavin Newsom, coughed, Newsom, South Dakota —, , Biden, Joseph R, Kamala Harrris, Anna Moneymaker, Trump’s, Trump, Stephen M, Hahn, ” — Sheila Kaplan, Bill de Blasio, de Blasio, Michael Bloomberg, Andrew M, Cuomo, Liam Stack, John Nkengasong, Mulugeta, Loren Elliott, Alan Joyce, I’ve, Joyce’s, Pope Francis, King Felipe VI of, Queen Letizia, Johnny Briceño, Ingrida, Yan Zhuang, Natasha Frost, Gaia Pianigiani, Sergei Ilnitsky, Sputnik, Vladimir V, Putin, “ That’s, John Moore, Carlos Osorio, Doug Ford, Ford, Ahmed Al, Justin Trudeau Organizations: Agence France, Mr, ., Britons, Scottish, Northern, Wales, Pfizer, Reuters, Governors, UPS, FedEx, Food and Drug Administration, USA, Moderna, AstraZeneca, University of Oxford, Credit, New York Times Bars, , Twitter, Gov, The New York Times, California, New York Times, Department of Health, Human Services, Centers for Disease Control, General Services Administration, Republican, Democratic, , New, NY1, Verizon, New Yorkers, for Disease Control, Associated Press, Experts, Qantas, Sydney Airport, Reuters Australia’s, International Air Transport Association, BioNTech, Russian Direct Investment Fund, Weill Cornell Medicine Locations: France, California, Pennsylvania, London, England, Scotland, Wales, Northern Ireland, United Kingdom, British, Welsh, Kalamazoo, Mich, Credit, United States, “ State, Philadelphia, Maryland, Utah, Los Angeles, . California, Oregon, , Wyoming, Rhode Island , Connecticut, Kansas, — Kansas , Wyoming , Nebraska , Kentucky, Minnesota , Idaho , Tennessee , Illinois , Oklahoma , Indiana, South Dakota, Delaware, New York, Brooklyn, Williamsburg , Brooklyn, Brooklyn’s Williamsburg, Queens, Albany, Africa, Addis Ababa, Ethiopia, Democratic Republic of Congo, Kenya, Equatorial Guinea, Ghana, Guinea, Mali, Mozambique, Sudan, Uganda, South Africa, Australia, King Felipe VI of Spain, Belize, Lithuania, Russian, Moscow, American, Russia, Soviet, Soviet Union, Scarborough, Toronto, Reuters Toronto, North America, Canada, Europe, U.S
FILE PHOTO: U.S. outgoing Federal Reserve Chair Janet Yellen holds a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, U.S. December 13, 2017. Right now, what you have is the Treasury and the Federal Reserve with a common mission, working very closely. It’s a really solid choice in my opinion.”JAKE DOLLARHIDE, CHIEF EXECUTIVE OFFICER, LONGBOW ASSET MANAGEMENT, TULSA, OKLAHOMA“It’s a shrewd safe pick. Its something more tangible, the Treasury Secretary.”JUSTIN HOOGENDOORN, HEAD OF FIXED INCOME STRATEGY, PIPER SANDLER, CHICAGO“The initial reaction is positive. She was the first women head of the Fed and will be the first woman Treasury Secretary.”“I think she will bring great stability to the post.
Canada's Atlantic bubble disintegrates as COVID-19 cases rise
  + stars: | 2020-11-23 | by ( Moira Warburton | ) sentiment -1.00   time to read: +2 min
REUTERS/Carlos OsorioTORONTO (Reuters) - The “bubble” pact between Canada’s four Atlantic provinces has disintegrated in the face of rising COVID-19 cases across the country, as premiers in Prince Edward Island and Newfoundland and Labrador announced quarantine requirements for all travelers from outside their provinces on Monday. The two provinces joined in a so-called “bubble” with the other Atlantic provinces of Nova Scotia and New Brunswick in early July, agreeing to allow residents from within their borders to travel freely without quarantine. But as cases rose in Nova Scotia and New Brunswick in recent days, Premier Dennis King of P.E.I. “The Atlantic bubble has been a source of pride,” Furey said at a news conference. The bubble helped save the all-important summer tourism for region, worth around C$5 billion ($3.8 billion) annually.
Persons: Carlos Osorio, Prince Edward Island, Dennis King of P.E.I, Andrew Furey, ” Furey, ” King Organizations: COVID, REUTERS, Carlos Osorio TORONTO Locations: Trinity, Brampton, Toronto, Ontario, Canada, Prince Edward, Newfoundland, Labrador, Nova Scotia, New Brunswick, ” Nova Scotia
Canadian retail giant Loblaw and startup Gatik are teaming up to launch an autonomous delivery fleet as the startup raises a $25 million Series A.Loblaw, which operates over 2,000 stores in Canada, will initially deploy Gatik five vans that will drive roughly 186 miles per week and still include a human companion. Sign up here to receive updates on all things Innovation Inc.Canadian grocery giant Loblaw is partnering with startup Gatik to deploy the country's first autonomous delivery fleet, according to an announcement Monday. Loblaw operates over 2,000 stores in Canada and pulled in nearly $12 billion in revenue last year. Initially, the company will deploy five Gatik vans, which will each drive roughly 186 miles per week to deliver goods from a distribution center to physical retail stores. For Loblaw, the vans will use its automated picking facility in Toronto as a hub before exiting across five different spokes.
Persons: Gautam Narang, Gatik, Narang Organizations: Loblaw, Inc, Walmart, Wittington Ventures, Innovation Locations: Canada, Arkansas, North America, Toronto
Toronto, Canada's largest city, put into lockdown as infections soar
  + stars: | 2020-11-23 | by ( ) sentiment -1.00   time to read: 1 min
Toronto, Canada's largest city, was placed into lockdown for 28 days, with officials shutting shops, businesses and restaurants and banning indoor gatherings to curb a growing spike in Covid-19 cases.
Locations: Toronto, Canada's
ET Covid-19 Live Updates: The Virus Surge, Once Centered in the Midwest, Is Accelerating in 45 U.S. States AstraZeneca said its vaccine candidate was up to 90 percent effective, suggesting that the world could eventually have at least three working vaccines. At the same time, the virus is accelerating across the U.S., and officials are imposing new restrictions to flatten the curve. The company said its early analysis was based on 131 coronavirus cases. Video transcript Back bars 0:00 / 1:43 - 0:00 transcript Cuomo Announces New Virus Restrictions Ahead of Thanksgiving Gov. The package outlined by Mr. Johnson reflected his desire to prevent another surge in virus cases while seeking not to antagonize his backbench lawmakers, who have threatened to rebel over lockdown measures.
Persons: It’s, Jim Wilson, , Michelle Lujan Grisham, , Barbara Ferrer, Andrew Testa, Pascal Soriot, Andrew Pollard, — Rebecca Robbins, Benjamin Mueller, Cuomo, Andrew M, James Estrin, ” Mr, Mr, — Boris Johnson, Boris Johnson, we’re, Tolga, Johnson, Johnson’s, Haleh Farzanmehr, Gavin Newsom, Marcio Jose Sanchez Gov, Newsom, Jennifer Siebel Newsom, , Noah’s, Spencer Amdur, Amdur, David Santiago, Anthony Fauci, Biden, Andrea Fasani, ” Dr, Massimo Galli, Galli, haven’t, Mario Sorlini, Sorlini, Hristo Rusev, Peter Markov, Markov, Boiko Borisov, Kostadin, Angelov, Bulgaria’s, Kim Hong, Kang, Critics, Choe Sang, Marie Fazio, Hong Kong, Lam Yik Fei, Sophia Chan, Hong, ” Jeffrey Ngo, ” Ho Kai Organizations: AstraZeneca, Midwest, ., New York Times, Albuquerque . Baltimore ., Banner Health, University of Oxford . Credit, The New York Times, University of Oxford, Pfizer, Moderna, Oxford, Food and Drug Administration, Covid, New York, Gov, Credit, Monday, New, Hampton Bays, British, Agence France, Oxford University, Public Health, United, Mr, Twitter, Politico, American Civil Liberties Union, Rights, International Airport, Miami Herald, Associated Press, Transportation, Administration, Disease Control, Airlines, Haskovo Hospital, European Center for Disease Prevention, London School of Hygiene, Hong, The New York Times Hong Locations: Midwest, U.S, Nebraska, Oakland, Calif, Upper Midwest, States, North Dakota, Wisconsin, Arizona, California, Delaware , Louisiana , Maryland , New Hampshire , New Mexico, Pennsylvania, Vermont, New Mexico, Pittsburgh, Albuquerque . Baltimore, Albuquerque . Baltimore . San Diego, El Paso, Los Angeles County, Oxford, England, United Kingdom, Brazil, Covid, Swedish, Britain, Europe, Upper Manhattan, Staten Island, New York, New York City, Washington, Staten, South Beach, Long, Riverhead, Hampton, Rochester, Syracuse, British, Valencia , Calif, Credit, Napa Valley, Hastings, Neb, Latin America, Asia, Africa, , Miami, Italy, Milan, United States, Bulgaria, Haskovo, Plovdiv, Bulgaria’s, Sofia, Korea, Seoul, South Korea, North Korea, Southern Ontario, Toronto, Turkey, Paris, France, Denmark, Hong Kong
In Canada, a Push to Keep Schools Open in Second Lockdown
  + stars: | 2020-11-23 | by ( Catherine Porter | ) + 0.51   time to read: +1 min
Restaurants and bars — including the outdoor seating where hardy souls had braved meals under heat lamps — were banned. Gyms, pools, even the beloved hockey arenas were closed in the strictest shutdown Toronto has confronted since the pandemic’s first wave last spring. Facing a resurgence of coronavirus infections in Toronto, the fourth largest city in North America retreated back into lockdown on Monday, along with two booming suburbs. But in contrast to New York and other big American cities, officials are finding it more beneficial to keep schools open. “We cannot put in-class learning at risk,” Ontario’s premier, Doug Ford, who is ordinarily an advocate for business, said last Friday when announcing the closures.
Persons: Barber, , Doug Ford, Ford, Mr Organizations: TORONTO, Toronto Locations: Toronto, North America, New York, Canada, Europe, U.S
When Larry Page and Sergey Brin stepped away from Alphabet last year, they struck a deal with CEO Sundar Pichai: you can call us, but we won't call you. Only two people have previously held the CEO job: Page, the cofounder, and Eric Schmidt, who was Google CEO from 2001 to 2011. Founders Sergey Brin and Larry Page have spent the past few years stepping away from public view. If there's a fear among insiders and observers about these bets Pichai is making, it's that they're not disruptive, or "game-changing," enough. Those ideas used to be left to Larry Page.
Persons: Larry Page, Sergey Brin, Sundar Pichai, it's, cofounders, Pichai, Joe Biden, Wall, Caesar Sengupta, Google's, Sengupta, Justin Sullivan, Googlers, Eric Schmidt, Eric Schmidts, Larry Pages, Sundar, he'll, Page, Andy Rubin, Kent Walker Chesnot, Lorraine Twohill, Prabhakar Raghavan, Kent Walker, cofounders Page, Brin, Johnson Hsieh, Raghavan, Ben Gomes, Gomes, Thomas Kurian, Chris Hondros, Pichai's, Alphabet's moonshots, Larry, Sergey, Fortune, Adrian Aoun, Greg Nash, Eric, Schmidt Organizations: Google, YouTube, US Department of Justice, Business, Android, Geo, Microsoft, Google Health, Labs, Wall Street, Pentagon, Defense Department, Management, Washington, Justice Department Locations: China, Madurai, India, confidants, Pichai, Toronto, Washington
Britain and Canada agree post-Brexit rollover trade deal
  + stars: | 2020-11-21 | by ( Kate Holton | Amran Abocar | ) + 0.99   time to read: +2 min
LONDON/TORONTO (Reuters) - Britain and Canada struck a rollover trade deal on Saturday to protect the flow of $27 billion-worth (£20.32 billion) of goods and services between them after Brexit, and vowed to start talks on a bespoke agreement next year. Her Canadian counterpart Mary Ng said the transitional agreement “largely replicates” the EU deal on tariff reductions and provisions for labour and environment. “We do want an ambitious, high level comprehensive trade agreement with the UK,” Ng said, signalling Canada wanted similar terms to the EU deal. In less than two years it has agreed trade deals with 53 countries, accounting for 164 billion pounds ($217.82 billion) of British bilateral trade. The UK-Canada Trade Continuity Agreement will be subject to final legal checks before it is formally signed.
Persons: Boris Johnson, Canada’s Justin Trudeau, , Liz Truss, Mary Ng, ” Ng, Johnson, ” Trudeau Organizations: Britain, European Union, British, Canadian, EU, Canada Locations: TORONTO, Britain, Canada, United States, China, Mexico, Japan, EU
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