Have a good evening, let’s start with today’s best stories:
After yesterday’s federal election, Canadians woke up to a Parliament that looks a lot like the one before: Mail-in ballots are still counted, but this afternoon the Liberals were either leading or elected in 158 seats , followed by 119 seats for the Conservatives, 34 for the Bloc Québécois, 25 for the NDP and two for the Greens. The People’s Party of Canada did not win any seats and PPC leader Maxime Bernier finished well behind the Conservatives in the Quebec riding of Beauce.
What shall we do now? Prime Minister Justin Trudeau’s minority government will face calls from the NDP for new taxes on the “ultra-rich” and calls from the Bloc Québécois for billions in new spending on health and seniors. But Bloc leader Yves-François Blanchet and NDP leader Jagmeet Singh, whom Trudeau will have to turn to for support in the House of Commons, are committed to making the new Parliament work.
- New Taxes, Child Care and Homebuyer Help: How Liberal Election Promises Will Affect Your Finances – Rob carrick
- Erin O’Toole and the Conservative Party brace for horrific war because of her left turn – Gary mason
Read more: Notable winners and losers in the 2021 federal election
Today’s day The decibel Podcast: Unboxing the results of the federal elections in Canada
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Evergrande is on the verge of collapse. Will China step in to avoid a “Lehman moment”?
Evergrande, China’s second-largest real estate developer, has a liability of around $ 300 billion, the first maturing this week: an interest payment of $ 83 million on a $ 2 billion bond. Failure to pay could leave the company in default, writes Asian correspondent James Griffiths.
The company’s growing problems have caused anxiety in global financial markets as investors worry about the potential for an Asian recovery from the US financial crisis of more than a decade ago.
Many investors are looking to the Chinese government, hoping Beijing will deem the real estate giant too big to fail and step in to keep it afloat. Beijing is not ideologically opposed to intervening to support markets, but regulators may fear that Evergrande’s support sends the wrong message, as the government clamps down on risky investments and excessive borrowing elsewhere.
Explanation : What is behind Evergrande’s debt fight and why it is shaking investors around the world
Read more: With Gucci bags and Dyson devices, Evergrande courted retail investors
Latest COVID-19 developments: Shandro reportedly absent as Alberta health minister and Ontario vaccine passport system begin tomorrow
Developing story: Alberta Premier Jason Kenney is expected to replace Tyler Shandro with Jason Copping, the current Minister of Labor, as the new Minister of Health in a ceremony later today, sources told The Canadian Press. Shandro and Kenney have come under heavy criticism for their handling of the COVID-19 crisis that has pushed the provincial health care system to the brink of collapse.
As Ontario prepares to roll out its vaccination certificate system tomorrow, Premier Doug Ford says he knows many people fear their civil liberties will be hampered. But he says the biggest concern is having to lock down the province again or suffer a sudden spike in cases.
ALSO ON OUR RADAR
Germany’s wild card race for Chancellor: A new German Chancellor to replace Angela Merkel after a decade and a half in power will be determined by an election on September 26 – a choice following a campaign that has focused more on character than politics. The Germans are looking for a firm hand to carry them through the remainder of the pandemic, tackle the climate crisis and maintain the country’s central strength as a unifying power within the European Union.
CF Industries will restart its operations in the United Kingdom: Britain has reached a deal with CF Industries for the US company to restart carbon dioxide (CO2) production after soaring gas prices forced it to shut down, threatening the country’s meat supply. country.
Prince Andrew was on trial: British Prince Andrew has been prosecuted for sexual assault in the United States by lawyers for Virginia Giuffre, who says she was forced to have sex with him at the London home of a friend of convicted sex offender Jeffrey Epstein , according to court documents.
US stocks closed almost flat today after a broad selloff yesterday, with concerns over developer China Evergrande’s troubles and uncertainty ahead of new Federal Reserve policies tomorrow that keep the market in check. . Canada’s main stock exchange posted a modest gain after its worst day since January. with the re-election of Prime Minister Justin Trudeau’s Liberals reassuring investors that the economic outlook will continue to improve.
The Dow Jones Industrial Average fell 50.63 points or 0.15% to 33,919.84, the S&P 500 slipped 3.56 points or 0.08% to 4,354.17 and the Nasdaq Composite gained 32 , 50 points or 0.22% at 14,746.40.
The S & P / TSX Composite Index rose 89.75 points or 0.45 percent to 20,244.29.
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SUBJECT OF DISCUSSION
McGill must do more to prevent COVID-19 outbreaks on campus
“Where many universities follow best practices and are proactive in preventing infections on campus and in their communities, McGill has taken the attitude that everything will be just fine. We’ve seen this story before and it never turns out well. – Richard Gold and Joanne Liu, professors at McGill University
The good news about coffee is that its benefits go beyond a morning pick-me-up: data suggests that drinking three to five cups of coffee a day lowers the risk of many chronic health conditions, including type 2 diabetes. and heart disease. (Researchers define a cup of coffee as six or eight ounces.) But too much caffeine can cause headaches, make you irritable or anxious, interfere with sleep, disrupt digestion, and increase blood pressure. If you’re worried about drinking too much zoom juice, check out drinking guidelines and strategies for cutting back here.
LONG READING OF THE DAY
My mom and her family could be the oldest siblings in Canada
My mother and her siblings, all Holocaust survivors, may well be the oldest in Canada. Surprisingly, they’ve spent most of their lives together. At 99, 98, 96 and 94, they form a formidable quartet. There are three sisters – Sally Singer, 99, Anne Novak, 98, and Ruth Zimmer, 94 – and a brother Sol Fink, 96.
Having faced hunger during the war, food has become one of the great pleasures in life and, unsurprisingly, the sisters all cooked the same wonderful dishes. As a testament to their cooking skills, my Aunt Ruthie was on the pilot episode of a cooking show featuring grandmothers called Spoons of love.
Another common denominator is their desire to have fun. Whether it’s writing and performing skits and songs, dressing up, impersonating eccentric family members or celebrities, or telling offbeat jokes, they get screamed.
From my mom, aunts, and uncle, I learned many life lessons: cherish family, celebrate every milestone, cook great food, and forgive small transgressions. Read Carol Sevitt full test here.
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