Clock ticking on Winnipeg river trail, so get out on the ice while you can
Spring is on its way, which means time is running out to visit the Centennial River Trail at the Forks. The forecast calls for a high of -14 C for Winnipeg on Saturday.
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Edmonton Oilers executive Kevin Lowe among those named to Order of Hockey in Canada
A former star defenceman with the Edmonton Oilers and New York Rangers, Lowe helped manage the Canadian men's team at four Olympics, winning three gold medals (2002, 2010, 2014).
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Canadian Banks Urged To Cut Rates, Suspend Payments As Profits Soar
Canada’s major banks are making bigger profits today than they were before the COVID-19 pandemic, and some consumer advocates say they should be carrying more of the cost of supporting struggling households and businesses.They are calling on Canada to follow Australia and Britain’s lead in charging “excess profit” taxes on banks, while urging lenders to cut their customers a break in a time of crisis.As of midday Friday, nearly 80,000 people had signed a petition organized by Democracy Watch calling on the banks to halve their interest rates to consumers and suspend debt repayments for anyone who needs it. The petition also calls for a cap on bank CEOs’ salaries, and for independent audits of banks’ books to see how much profit they charge in each section of their business ― a move consumer advocates say would expose “gouging” where it exists.Watch: Canada’s banking industry ‘not motivated to innovate.’ Story continues below. Credit card interest rates are “so obviously an area of gouging,” said Duff Conacher, co-founder of Democracy Watch. “The (banks’) prime lending rate has gone down by almost seven percentage points since 2010, and credit card rates have dropped zero percentage points.”Canada’s big six banks raked up a total $13.9 billion in profit in the first quarter of fiscal 2021, which ended Jan. 31, up some 14 per cent from the same period a year earlier, before pandemic lockdowns had begun.Each of the Big Six saw their profits rise, led by CIBC (up 34 per cent) and Bank of Montreal (up 27 per cent).Much of that increase came from trading ― thanks to a booming stock market ― and from much lower provisions for loan losses. Retail banking ― the part of banks’ business that deals with regular consumers ― showed little growth over the year.Some progressive voices, such as the NDP, have suggested a temporary “excess profit tax” on businesses that see a windfall during the pandemic. Conacher would like to see a permanent new tax on banks, similar to the ones the U.K. and Australia have instituted in recent years.The U.K charges an 8-per-cent surcharge on bank profits, while Australia in 2017 launched an additional tax on the total amount of lending on the books of its big four banks, amounting to about 10 per cent of their profits.Laws like that are “a way of recognizing that the banks have enormous market share and are gouging,” Conacher said. You go around Toronto, a lot of the Money Marts are in former bank branch locations. They just stepped right in. It’s just ridiculous.Duff Conacher, Democracy WatchRather than an arbitrary cap on credit card interest rates, as some U.S. states have done, Conacher would rather have the banks submit to independent audits of their books that would show exactly how much money they make in each section of their business, something they don’t need to do under current reporting laws.“If an auditor-general released a report showing a 2,000-per-cent profit margin (in some part of a bank’s business), people would be outraged. Interest rates would come down the next day,” Conacher told HuffPost Canada.Canada’s lenders offered some emergency support to their retail customers at the start of the pandemic, dropping credit card rates to around 11 per cent, from their regular 20-per-cent range, for customers in financial trouble. They also allowed deferrals of up to six months on mortgage payments, which 15 per cent of mortgage borrowers took advantage of at the peak last summer. But interest continued to accrue on those mortgages, meaning those borrowers will end up paying more than they otherwise would. Discrimination in lendingDemocracy Watch is also calling on Ottawa to catch up with the U.S. on laws against discriminatory lending practices. The group is calling for audits of banks to reveal lending according to race, gender and neighbourhood.If that happens, “I think we’ll find discriminatory patterns of lending based on race, including (against) Indigneous people, and based on gender,” Conacher said.“And you’ll see that banks essentially do take money out of some neighbourhoods and don’t lend back to them.”Conacher notes Canada has no equivalent to the U.S. Community Reinvestment Act, a 1977 law that requires banks to reveal how much lending they do in low-income neighbourhoods, and to rectify the situation if they are not reinvesting in certain communities where they have customers.Conacher is calling on the federal government to require banks to reopen branches in low-income neighbourhoods, which they were allowed to close in the 1990s under then-Finance Minister Paul Martin.Those bank branches were often replaced by predatory payday lenders, Conacher said.“You go around Toronto, a lot of the Money Marts are in former bank branch locations. They just stepped right in. It’s just ridiculous.”Finance Minister Chrystia Freeland’s office did not immediately respond to a request for comment for this story.The federal Liberals have taken some flak from the left on the issue of banks, with the NDP last summer saying the government has done little to stop banks from “profiteering” amid the pandemic.“During the Second World War, there were laws against profiteering,” NDP Finance Critic Peter Julian said. “We need similar leadership from the federal government at this critical time.”ALSO ON HUFFPOSTLow-Income Canadians Face 'Abusive' Lending Rates Even In PandemicBank Of Canada Warns Of 'Excess Exuberance' In Housing MarketCanada's Job Losses In 2020 Were All In Low-Paid Work: Report
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That’ll teach you, Mark Machin. I’m just not sure what.
Paul Wells: A quasi-public official did something the government refuses to forbid. So sure, get angry. Meanwhile I keep thinking of other things you could be enraged about. The post That’ll teach you, Mark Machin. I’m just not sure what. appeared first on Macleans.ca.
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Toronto mayor encourages young people to apply for 2021 summer parks, recreation jobs
'Recreation jobs in the summer are good jobs for young people in our city,' Toronto Mayor John Tory said.
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Why am I afraid to wear colourful clothes? Ask The Kit
Take the leap and brighten up, says Leanne Delap
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Ontario allowing some before and after-school programs to expand hours
The change was welcomed by the Boys and Girls Clubs of Canada and the YMCA, but opposed by some child-care advocates who argue that the cap on recreation programs was imposed to prevent a two-tier child-care system.
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Virtual cooking classes support family community space in Calgary
A new series of virtual cooking classes led by expert chefs are helping fund a brand new family community space in Calgary’s East Village.
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Have your say: What type of takeout are you craving?
There are too many options to mention.
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Canada to get early AstraZeneca shots through partnership with India-based company
The new partnership means Canada will receive two million doses of the vaccine in the "coming days and weeks."
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Rick Zamperin: Is Auston Matthews the next 50 in 50 goal scorer?
Toronto Maple Leafs star Auston Matthews leads the NHL with 18 goals so far this season.
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Peterborough police use stun gun on man brandishing large rock on downtown street
Police allege a man advanced toward officers with a rock raised in a 'threatening manner.'
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Poultry in motion: Saskatoon girl takes chicken downhill sledding
Four-year-old Lennon Poole can be seen in the video with her beloved hen 'Chickyboo' tucked in next to her on the saucer.
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Ontario provides $695,000 for student mental health services at Trent University, Fleming College
The province is providing Fleming College with $336,826 and Trent University with $359,068.
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Premier Blaine Higgs, Dr. Jennifer Russell to lead N.B. COVID-19 update
New Brunswick has slowly but surely seen a drop in active cases since a tremendous spike at the beginning of the year. 
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Bill Zacharkiw's Wines of the Week: Feb. 26, 2021
Every week, Bill Zacharkiw identifies his top wine picks available at the SAQ and offers ideas for food pairings.
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‘Divine feminine energy’ marks Naduh, a new all-female R&B crew out of Vancouver
Combining the talents of five active local scene solo artists, Naduh aims for the stars
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For-profit nursing homes in Ontario say ownership has nothing to do with their higher COVID-19 death rates. A Star analysis finds that’s not the case
A new Star investigation finds for-profit care homes in the province have worse outcomes than non-profit and municipal homes, even when accounting for older homes and higher COVID-19 rates in the community.
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Halifax Thunderbirds star takes classroom reading program online
Since September, Kyle Jackson has been reading 'Akhwatsirenhó:wa – My Big Family,' a compilation of lacrosse stories, which teach students about the origins of lacrosse.
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Lévis boys, young men report 'sextortion' attempts
Victims are urged not to pay the blackmail demand and contact police as quickly as possible.
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Peanut shells found in downtown parks weren’t poisoned, Toronto police say
Officers from 14 Division looked into allegations that peanut shells tainted with rat poison were left at Canoe Landing Park and Victoria Memorial Square in downtown Toronto on Jan. 30.
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SIU finds no wrongdoing by Peterborough County OPP after man seriously injured during arrest
The SIU says a man was injured while resisting arrest as part of a theft investigation by Peterborough County OPP in May 2020.
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Ontario COVID-19 vaccine rollout should prioritize neighbourhoods and age: experts
The group says the pandemic has taken a disproportionate toll on older adults and residents of disadvantaged and racialized urban neighbourhoods.
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Trudeau government backpedals on investigating human rights complaints against mining companies
The Trudeau government has scaled back plans for a watchdog to investigate allegations of overseas human rights abuses by Canadian companies, activists say.
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Kemptville, Ont. man arrested in connection with 4 Ottawa South robberies: police
Ottawa police say a 29-year-old Kemptville, Ont., man has been charged in connection with a string of robberies in the city's south end.
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Quebec City police arrest woman, 54, in connection with fake Alexis Lafrenière hockey cards
Quebec City police say they arrested the suspect on Feb. 24 and that they seized many hockey cards.
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After years of delays, northwest Edmonton Police Service campus set to open March 1
The EPS is already in the process of moving into the northwest campus. The Northwest Division Police Station located on site will open on Monday.
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The Ottawa Hospital to produce COVID-19 vaccines for clinical trials
The Ottawa Hospital will produce three candidate novel coronavirus vaccines ahead of their clinical trials, providing what could be a critical function for Canada.
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‘Golden calf’ statue of Donald Trump sparks Biblical ridicule at CPAC
A golden statue of Donald Trump at CPAC has triggered comparisons to the false idol story from the Book of Exodus.
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Same driver arrested twice Thursday in Niagara on impaired charges
A 39-year-old Fort Erie man faces two counts each of impaired operation of a conveyance by drugs and failing to comply with a probation order.
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‘Just like Erdogan’: The mistake Trudeau is making with China
Adnan R. Khan: Turkey's president was one of the first global leaders to call the treatment of China's Uyghurs a genocide. Then came the pressure from China. The post ‘Just like Erdogan’: The mistake Trudeau is making with China appeared first on Macleans.ca.
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The Right Chemistry: Use of Gorilla Glue on hair a big mistake
As I am fond of saying, there are no good or bad chemicals, just proper and improper ways to use them.
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Woman arrested in connection with fake Alexis Lafrenière hockey cards
The counterfeits were put up for sale online, and the asking price was $100 per card.
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Locations announced for 2 large vaccination clinics in Waterloo Region
Waterloo Region announced the locations for two large vaccination clinics, which are a part of its plan to immunize thousands of people daily when vaccines become widely available.
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