TSX today: Index down 0.92% amid losses in energy stocks - BNN Bloomberg

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Canada's main stock index was down nearly 200 points, as losses in the energy and base metal sectors helped lead a broad-based decline.

Hourly wages needed to live in Ontario rise as inflation persistsConsumer insolvencies rise 22.

5 per cent compared with last yearThree ways Millennials can cut back on spending ahead of a potential recessionHere are the new cost of living support measures announced in the Fall Economic StatementImportance of understanding your travel insurance in post-COVID-19 eraRBC: Canadians expected to lose wealth at pace not seen since early 1990sHome Economics: Rates weigh on food affordability; how to save on holiday travelHome Economics: Cheaper to rent than pay mortgage installments; food...

 

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'CALCULATED BETRAYAL': 200 jobs lost as Tillsonburg auto-parts plant abruptly shutsAdient is a U.S.\u002Dbased company that manufactures automotive seating worldwide adient is a great company to work with…… this is 💯 self inflicted by UNIFOR We have a Union trying to infiltrate my factory. If they succeed i reckon this will be my future as well. union greed kill more Ontario jobs. They never learn
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Four TSX stocks with superior valuations well-placed for the energy transitionWe are looking for Canadian-listed companies with attractive valuations and more than 50 per cent of their revenue coming from green activities
Source: globeandmail - 🏆 5. / 92 Read more »

Alberta legislation coming to re-index income taxes: finance minister | Globalnews.caAlberta's finance minister says there will be legislation next month to re-index income tax brackets and benefit payments for seniors and people with disabilities. I smell an election coming. Cons always promise moon before elections then claw everything back after election! Leftists: 🤯How dare you give me what I want!! I don't want solutions, I want to be mad!
Source: GlobalCalgary - 🏆 50. / 61 Read more »

Will Canada be the last fossil funder standing?When it comes to ending fossil financing, “slow and steady” will not win the race.  Tackling the climate crisis requires rapidly phasing out fossil fuels while managing an equitable transition to 100 per cent renewable energy.  This will require massive investments in clean energy solutions—and public finance has a critical role to play. Unfortunately, governments continue to use their public spending power to prolong the fossil fuel era.  This is changing.  Julia Levin is with Environmental Defence Canada. Photograph courtesy of Environmental Defence Canada. Last year, at COP26 in Glasgow, U.K., Canada joined 39 other countries and institutions—including the United States, the United Kingdom, and Germany—in signing a landmark agreement to end international public finance for fossil fuel projects and prioritize support for clean energy by the end of 2022, known as the Glasgow Statement.  The Glasgow Statement signatories account for $28-billion a year in overseas public finance for oil and gas. If that were redirected, it could more than double their international clean-energy finance.  The Glasgow Statement is historic. It is the first international diplomatic effort aimed at ending public financing of oil and gas. It sends a clear message: the age of oil and gas is over. And it’s working! Many signatories have come out with strong policies—and in those countries there have been real drops in fossil fuel finance.  But Canada is dragging its feet.  Canada is the top fossil-fuel financier of the Glasgow signatories. We rank among the worst in the G20 for providing public financing to oil and gas companies and average $11.3-billion CAD annually through crown corporation Export Development Canada. By comparison, Canada’s support for clean energy is a meagre eight per cent of its total energy finance. Bronwen Tucker is with Oil Change International. Photograph courtesy of Oil Change International What does that look like? For example, Export Development Canada routinely Enviro fright peddlers who persecute us for wanting to stay warm totally ignore the mind blowing huge use of energy by technology sector. whose servers & other equipment generate enormous heat. Now devouring water in Calif. to cool equip., but blame droughts on climate. Better hope we are. Witness the deadly energy mess facing the EU right now due to extreme 'renewables' policies. That's what you want for Canadians too? Natural gas is a transition fuel. We need time to find the right solution, not dive head first into total 'renewable mythology How much suffering would we bring on the globe's citizens if we cut off fossil fuels now? You think we can transition to renewables with cheap reliable energy? Nobody is helped by more expensive energy
Source: TheHillTimes - 🏆 11. / 79 Read more »