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Blue Origin spacecraft carries TV host, daughter of 1st U.S. astronaut to space – CBC News

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Football star and TV celebrity Michael Strahan caught a ride to space with Jeff Bezos’s rocket-launching company Saturday, sharing the trip with the daughter of America’s first astronaut.

“TOUCHDOWN has a new meaning now!!!” he tweeted after landing.

Blue Origin’s New Shepard rocket blasted off from West Texas, sending the capsule on a 10-minute flight with the two VIP guests and four paying customers. Their automated capsule soared to an altitude of 106 kilometres, providing a few minutes of weightlessness before parachuting into the desert. The booster also came back to land successfully.

It was five minutes and 187 kilometres shorter than Alan Shepard’s Mercury flight from Cape Canaveral, Fla., on May 5, 1961.

His eldest daughter, Laura Shepard Churchley, took along a tiny piece of his Freedom 7 capsule, as well as mementos from his Apollo 14 moonshot. She also packed some golf balls; her dad hit a couple on the lunar surface.

A co-host of ABC’s Good Morning America, Strahan bubbled over with excitement in updates for the show all week. He took along his Super Bowl ring and retired New York Giants jersey No. 92.

Bezos stashed a football on board that will go to the Pro Football Hall of Fame.

As soon as he emerged from the capsule, Strahan said he wanted to go again. But Bezos joked he’d have to buy his own ticket next time.

In a video he posted later, Strahan called the experience surreal and unbelievable: “Wow, that’s all I can say. Wow.” 

A nod to 1st Shepard in space

At the launch facility near Van Horn, Texas, Bezos had “light this candle” painted on the launch tower’s bridge, borrowing from Alan Shepard’s famous gripe from inside Freedom 7 as the delays mounted: “Why don’t you fix your little problem and light this candle?”

Shepard Churchley — who volunteered for Blue Origin’s third passenger flight — borrowed her late father’s phrase, yelling “Let’s light this candle!” while awaiting takeoff. Fierce wind held up her flight for two days.

Parachutes carry the Blue Origin’s New Shepard capsule to the ground after liftoff from the spaceport near Van Horn, Texas, on Saturday. (LM Otero/The Associated Press)

She heads the board of trustees for the Astronaut Scholarship Foundation.

“I thought about Daddy coming down and thought, ‘Gosh he didn’t even get to enjoy any of what I’m getting to enjoy,'” Shepard Churchley said following touchdown. “He was working. He had to do it himself. I went up for the ride!”

Saturday’s launch marks the last one this year by private U.S. companies as space tourism finally takes off. Virgin Galactic kicked it off in July, sending up its billionaire founder, Richard Branson, followed by Blue Origin and SpaceX. So many are flying that the U.S. Federal Aviation Administration announced on Friday that it will no longer designate who is a commercial astronaut or give out wings.

Bezos, who founded Amazon six years before Blue Origin, was on his company’s debut launch in July. The second, in October, included actor William Shatner — Captain James Kirk of TV’s original Star Trek. The late Leonard Nimoy’s daughter sent up a necklace with a “Vulcan Salute” charm on this flight, in honour of the show’s original Mr. Spock.

Among the four space tourists paying unspecified millions each were the first parent-child combo, financier Lane Bess and his son Cameron. Also flying: Voyager Space chairman and CEO Dylan Taylor and investor Evan Dick.

Blue Origin dedicated Saturday’s launch to Glen de Vries, who launched into space with Shatner, but died one month later in a plane crash.

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Workers at Teck Resources’ British Columbia mine to hold ratification vote

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Canadian miner Teck Resources Ltd said on Monday that a union representing 1,048 workers at its British Columbia mine has agreed to hold a ratification vote on the mediators’ recommendation.

The union will schedule a ratification vote to be concluded no later than January 24, the company said.

Last week, the company said it had received a strike notice https://reut.rs/3A7TJZQ from the union at its Highland Valley Copper Operations in British Columbia, without providing any reasons behind the potential strike.

 

(Reporting by Rithika Krishna in Bengaluru; Editing by Chizu Nomiyama)

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Markets split on BoC decision as business survey, inflation loom – BNN

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The Bank of Canada is getting a pair of key indicators this week ahead of a rate decision next Wednesday that’s virtually a coin toss, as far as markets are concerned.

First up on Monday, the central bank releases its quarterly Business Outlook Survey, which provides a snapshot of how approximately 100 corporate leaders are feeling about the economy and their own business fundamentals.

When the last survey was released in October, it showed the broadest gauge of sentiment was at the highest level in the survey’s history. That was despite worsening labour shortages and as more than half of respondents (57 per cent) said they expected labour costs to accelerate over the next year.

“[Monday’s] Business Outlook Survey might have been completed too early to catch Omicron uncertainties, so expect respondents to retain a healthy dose of optimism,” said CIBC World Markets Chief Economist Avery Shenfeld in a report to clients Friday.

“The survey could show a majority expecting inflation to run above the top end of the Bank of Canada’s one-three per cent inflation band. If not for Omicron, that would spell a rate hike in January, but the uncertainties surrounding how long this disruption will last should be enough to defer that decision.”

Meanwhile, Statistics Canada will release the consumer price index for December on Wednesday. Economists are expecting to see inflation rose 4.8 per cent year-over-year in the month; that would be the fastest rate of growth since 1991.

As of 8:30 a.m. Monday morning, market data shows investors see a 59 per cent chance of a rate hike when the Bank of Canada delivers its decision on Jan. 26.

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House Price Index rose 26% in 2021, fastest pace on record – CBC News

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The Canadian Real Estate Association’s House Price Index rose by 26.6 per cent in the 12 months up to December, the fastest annual pace of gain on record.

The group, which represents more than 100,000 realtors and tabulates sales data from homes that listed and sell via the Multiple Listings Service, said the supply of homes for sale at the end of the month hit an all-time low.

After pausing for a few weeks in the early days of the pandemic, Canada’s housing market has been on an absolute tear for the past two years, as feverish demand from buyers wishing to take advantage of rock-bottom interest rates has drastically outpaced the supply of homes to buy.

That imbalance is a major factor contributing to higher prices, as buyers have to pay more and more to outbid others because of the lack of alternatives.

Various experts are suggesting that parts of the country are showing signs of being in a speculative bubble, and CREA says the biggest reason for runaway price increases is that there aren’t enough homes being put up for sale.

“There are currently fewer properties listed for sale in Canada than at any point on record,” CREA’s chief economist Shaun Cathcart said. “So unfortunately, the housing affordability problem facing the country is likely to get worse before it gets better.”

High prices not denting demand

CREA says the average price of a Canadian home that sold on MLS in December went for $713,500. That’s actually down from the record high of more than $720,000 in November, but still well up on an annual basis.


High prices don’t seem to be slowing demand, however, as 2021 was the busiest year for home sales ever. Some 666,995 residential properties traded hands on MLS last year, smashing the previous annual record by 20 per cent.

TD Bank economist Rishi Sondhi said that there was a less than two-month supply of homes for sale during the month, which means at the current sales pace, all listings would be gone in less than two months. Under normal conditions, there’s a five-month supply of homes for sale, and Sondhi says that supply and demand imbalance is a major factor in eye-popping price gains.

“With interest-rate pull-forward behaviour keeping demand so strong, and supply struggling to keep up, it’s little wonder why prices are continuing their relentless upward march,” he said. “Buyers pulling forward demand ahead of looming interest rate hikes kept sales at unsustainable levels last month. How long this effect will last is uncertain, but it should eventually fade.”

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