Liberal government says it would extend the pandemic wage subsidy

On Wednesday, during the throne speech, the liberal government said it would extend the pandemic wage subsidy and establish a national child-care strategy.

The Canada Emergency Business Account, which provides the business community interest-free loans of up to $40,000, will also be extended. 

The extension will last until the summer of 2021.

Trevin Stratton, a chief economist with the Canadian Chamber of Commerce, said he was glad by the promise of a comprehensive child-care and early learning system, which will help women who lost their jobs due to the pandemic.

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Throne speech gives plan to make tech giants pay taxes

On Wednesday, the Liberal government’s Throne speech announced Ottawa’s plan to help Canada’s cultural Industries by charging taxes from large global social media entertainment companies. 

U.S.-based platforms, including Facebook, Google, and Netflix, were part of the speech that addressed “corporate tax avoidance by digital giants.”

French Governor, General Julie Payette, said: “The government will act to ensure their revenue is shared more fairly with our creators and media, and will also require them to contribute to the creation, production, and distribution of our stories, on screen, in lyrics, in music, and in writing.”

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Both Parties have agreed on ‘hybrid’ House of Commons sittings until December

The House of Commons will sit with MPs through a video link to physically stay apart during the coronavirus pandemic.

On Wednesday, as the commons sat for the first time in months, government house leader Pablo Rodriguez initiated a motion for hybrid sittings. 

Hybrid sittings would stay in place until December 11; if necessary, MPs could vote to extend it at that time.

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Public health officials Coronavirus cases could get out of control

According to infectious disease experts, Canadian health authorities must tighten restrictions once again, or hospitalization and deaths will increase in the next couple of weeks due to the coronavirus.

On Tuesday, Chief Public Health Officer Dr. Theresa Tam said Canada is at a crossroads in its pandemic war. 

Experts in public health are urging the government to help prevent the virus’s resurgence from spiraling out of control.

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New Coronavirus cases rise to 400 in Ontario

After the province saw a small dip in new COVID-19 cases, Ontario reported more than 400 additional new cases. 

On Thursday, provincial health officials reported 409 new cases; that’s more than the 335 confirmed on Wednesday and down from the 478 reported on Tuesday. 

In the last 24 hours, more than 30,000 tests have been conducted, bringing the case positivity rate to 1.4 per cent.

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China makes commitment to go carbon-neutral by 2060

On Tuesday, Chinese President Xi Jinping announced that China would aim to stop contributing to the global warming problem by 2060. 

Xi’s announcement is a massive step for the world’s biggest emitter of greenhouse gases, calling for a “green revolution.”

“Humankind can no longer afford to ignore the repeated warnings of nature,” he said, as he explained that the coronavirus pandemic proved that the need to preserve the environment is critical, “We aim to have CO2 emissions peak before 2030 and achieve carbon neutrality before 2060.”

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Tesla CEO Elon Must Commits to making a 25,000 car by 2023

Tesla Inc.’s “Battery Day” failed to satisfy expectations that helped its $320 billion surges in market value. 

Elon Musk announced plans for impressive goals that will take time to pull off. 

On Tuesday, the chief executive officer presented a plan to build a US$25,000 car and cut the battery cost in half over the next 3 years. 

Although the technology and manufacturing development is awe-inspiring, Robert W. Baird’s Ben Kallo said Tesla’s value reflected its ability to disrupt. 

“With the Battery Day in the rearview, we think there is a lack of upcoming catalysts and are cautious about demand given the recessionary environment,” Kallo wrote, naming Tesla a bearish “fresh pick.”

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Ontario tries to speed up the pandemic response by hiring 98 more labour inspectors.

As part of efforts to help prevent the coronavirus spread, Ontario announced that it would hire 98 new labour inspectors.

According to Labour Minister Monte McNaughton, the government will start to recruit new workers in October, increasing the number of government inspectors from 409 to 507 and will cost a total of $11.6 million. 

Acquiring new inspectors will allow the government to respond to situations that may arise during the pandemic a lot faster.

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Ontario Reports a Drop in Coronavirus Cases

On Wednesday, Ontario reported 335 new cases of Covid-19 and 3 deaths. 

The new cases are the lowest count the province had seen in the last 5 days when they reported 401 new cases. 

The decrease in new cases comes on the same day the province will share its Covid-19 fall preparedness plan.

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Elton John final tour dates in North American have been announced

Elton John is going on tour after postponing shows due to the coronavirus. 

On Wednesday, the pop icon announced that his “Farewell Yellow Brick Road Tour” is returning to North America on January 19, 2022, in New Orleans. 

John also announced rescheduled 2022 dates for Houston, Detroit, New York City, Miami, Toronto, and Montreal.

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