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Encouraging women entrepreneurship in Quebec for a stronger economy

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Ministers Mélanie Joly and Mary Ng announce over $10 million in investments to support women entrepreneurs

MONTRÉAL, Sept. 2, 2020 /CNW Telbec/ – Canada Economic Development for Quebec Regions (CED)

The Government of Canada is committed to supporting Canadian businesses in their diversity, which is key to a successful economic recovery that is strong and inclusive in the context of a pandemic. Only 16% of Canadian small and medium-sized businesses are owned by women. Yet studies show that by advancing women’s participation in the economy, Canada could add up to $150 billion in GDP. The full and equal contribution of women to economic development is desirable and essential for the country’s competitiveness; it is not just the right thing to do, but also the most profitable.

However, women entrepreneurs are confronted with obstacles as they move forward on their path—and the issues caused by the COVID-19 pandemic are bringing up new challenges for them to face. As their presence expands in a range of economic sectors, whether it be agri-food, manufacturing, metal products, life sciences or textiles, the Government of Canada is making sure to provide them with adequate support to strengthen their economic power through direct assistance or by making it easier to access the resources and capital they need.

Support tailored to women entrepreneurs

The Honourable Mélanie Joly, Minister of Economic Development and Official Languages, and the Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade, are announcing federal investments of over $10 million to help women entrepreneurs in Quebec to access the resources they need to affirm their presence and ensure the strong, sustainable growth of their businesses. This funding, granted by CED, will boost 38 promising projects that will enable businesses to grow, innovate, develop and create jobs.

Among the projects supported, seven associations and organizations currently benefiting from the Women Entrepreneurship Strategy (WES) Ecosystem Fund will receive additional assistance totalling $3,146,000 to help women entrepreneurs throughout the COVID-19 pandemic.

Today’s announcement is proof once again of the Government of Canada’s commitment to women entrepreneurs and the importance it places on the growth of their businesses. This investment attests to a genuine willingness to create a diverse, inclusive economy that promotes prosperity and better quality of life for all. The Government of Canada recognizes the value in having women participate in the economy, which is essential for the country’s competitiveness and prosperity. They are also playing a major role in Canada’s economic recovery.

Additional information on the projects is provided in a related backgrounder.

Quotes

“We have made concrete commitments to enable women to participate fully in the economy: we are here to help them gain easier access to the financing, talent, networks and expertise they need to grow their businesses. We are more determined than ever to prove that economic growth comes through equal opportunities for both sexes. Our government has set itself the mission to boost the growth of Canadian businesses and the economic diversification of communities, and this can only be done with the key support of our women entrepreneurs.”

The Honourable Mélanie Joly, Member of Parliament for Ahuntsic-Cartierville, Minister of Economic Development and Official Languages and Minister responsible for CED

“We understand the challenges businesses are facing as a result of the COVID-19 pandemic, and those challenges can be amplified for women entrepreneurs. Today’s investments will help women entrepreneurs in communities across Quebec get access to the targeted support they need now, and on the road to recovery.”

The Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade

“Canadian small businesses from coast to coast to coast are the heart of our communities, and we are committed to helping them rebound as we come out of the pandemic. Many of these small businesses are owned by women entrepreneurs, and we have adapted our support to ensure more Canadian businesses get the help they need. We will continue to do what is necessary to keep Canadians safe and our economy strong.”

Rachel Bendayan, Member of Parliament for Outremont and Parliamentary Secretary to the Minister of Small Business, Export Promotion and International Trade

Quick facts

  • The Honourable Mélanie Joly is the minister responsible for the six regional development agencies (RDAs), including CED.
  • CED is a key federal partner in Quebec’s regional economic development. With its 12 regional business offices, CED is accompanying businesses, supporting organizations and all regions across Quebec into tomorrow’s economy.
  • The funding announced today comes under the WES Ecosystem Fund, the Canadian Experiences Fund and CED’s Regional Economic Growth through Innovation program.
  • The Government of Canada is advancing women’s economic empowerment with the Women Entrepreneurship Strategy, a nearly $5-billion investment that seeks to double the number of women-owned businesses by 2025.

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SOURCE Canada Economic Development for Quebec Regions

For further information: Media Relations, Canada Economic Development for Quebec Regions, [email protected]; Alexander Cohen, Press Secretary, Office of the Minister of Economic Development and Official Languages, [email protected]

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A timeline of events in the bread price-fixing scandal

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Almost seven years since news broke of an alleged conspiracy to fix the price of packaged bread across Canada, the saga isn’t over: the Competition Bureau continues to investigate the companies that may have been involved, and two class-action lawsuits continue to work their way through the courts.

Here’s a timeline of key events in the bread price-fixing case.

Oct. 31, 2017: The Competition Bureau says it’s investigating allegations of bread price-fixing and that it was granted search warrants in the case. Several grocers confirm they are co-operating in the probe.

Dec. 19, 2017: Loblaw and George Weston say they participated in an “industry-wide price-fixing arrangement” to raise the price of packaged bread. The companies say they have been co-operating in the Competition Bureau’s investigation since March 2015, when they self-reported to the bureau upon discovering anti-competitive behaviour, and are receiving immunity from prosecution. They announce they are offering $25 gift cards to customers amid the ongoing investigation into alleged bread price-fixing.

Jan. 31, 2018: In court documents, the Competition Bureau says at least $1.50 was added to the price of a loaf of bread between about 2001 and 2016.

Dec. 20, 2019: A class-action lawsuit in a Quebec court against multiple grocers and food companies is certified against a number of companies allegedly involved in bread price-fixing, including Loblaw, George Weston, Metro, Sobeys, Walmart Canada, Canada Bread and Giant Tiger (which have all denied involvement, except for Loblaw and George Weston, which later settled with the plaintiffs).

Dec. 31, 2021: A class-action lawsuit in an Ontario court covering all Canadian residents except those in Quebec who bought packaged bread from a company named in the suit is certified against roughly the same group of companies.

June 21, 2023: Bakery giant Canada Bread Co. is fined $50 million after pleading guilty to four counts of price-fixing under the Competition Act as part of the Competition Bureau’s ongoing investigation.

Oct. 25 2023: Canada Bread files a statement of defence in the Ontario class action denying participating in the alleged conspiracy and saying any anti-competitive behaviour it participated in was at the direction and to the benefit of its then-majority owner Maple Leaf Foods, which is not a defendant in the case (neither is its current owner Grupo Bimbo). Maple Leaf calls Canada Bread’s accusations “baseless.”

Dec. 20, 2023: Metro files new documents in the Ontario class action accusing Loblaw and its parent company George Weston of conspiring to implicate it in the alleged scheme, denying involvement. Sobeys has made a similar claim. The two companies deny the allegations.

July 25, 2024: Loblaw and George Weston say they agreed to pay a combined $500 million to settle both the Ontario and Quebec class-action lawsuits. Loblaw’s share of the settlement includes a $96-million credit for the gift cards it gave out years earlier.

Sept. 12, 2024: Canada Bread files new documents in Ontario court as part of the class action, claiming Maple Leaf used it as a “shield” to avoid liability in the alleged scheme. Maple Leaf was a majority shareholder of Canada Bread until 2014, and the company claims it’s liable for any price-fixing activity. Maple Leaf refutes the claims.

This report by The Canadian Press was first published Sept. 19, 2024.

Companies in this story: (TSX:L, TSX:MFI, TSX:MRU, TSX:EMP.A, TSX:WN)

The Canadian Press. All rights reserved.

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S&P/TSX composite up more than 250 points, U.S. stock markets also higher

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TORONTO – Canada’s main stock index was up more than 250 points in late-morning trading, led by strength in the base metal and technology sectors, while U.S. stock markets also charged higher.

The S&P/TSX composite index was up 254.62 points at 23,847.22.

In New York, the Dow Jones industrial average was up 432.77 points at 41,935.87. The S&P 500 index was up 96.38 points at 5,714.64, while the Nasdaq composite was up 486.12 points at 18,059.42.

The Canadian dollar traded for 73.68 cents US compared with 73.58 cents US on Thursday.

The November crude oil contract was up 89 cents at US$70.77 per barrel and the October natural gas contract was down a penny at US2.27 per mmBTU.

The December gold contract was up US$9.40 at US$2,608.00 an ounce and the December copper contract was up four cents at US$4.33 a pound.

This report by The Canadian Press was first published Sept. 19, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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Construction wraps on indoor supervised site for people who inhale drugs in Vancouver

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VANCOUVER – Supervised injection sites are saving the lives of drug users everyday, but the same support is not being offered to people who inhale illicit drugs, the head of the BC Centre for Excellence in HIV/AIDS says.

Dr. Julio Montaner said the construction of Vancouver’s first indoor supervised site for people who inhale drugs comes as the percentage of people who die from smoking drugs continues to climb.

The location in the Downtown Eastside at the Hope to Health Research and Innovation Centre was unveiled Wednesday after construction was complete, and Montaner said people could start using the specialized rooms in a matter of weeks after final approvals from the city and federal government.

“If we don’t create mechanisms for these individuals to be able to use safely and engage with the medical system, and generate points of entry into the medical system, we will never be able to solve the problem,” he said.

“Now, I’m not here to tell you that we will fix it tomorrow, but denying it or ignoring it, or throw it under the bus, or under the carpet is no way to fix it, so we need to take proactive action.”

Nearly two-thirds of overdose deaths in British Columbia in 2023 came after smoking illicit drugs, yet only 40 per cent of supervised consumption sites in the province offer a safe place to smoke, often outdoors, in a tent.

The centre has been running a supervised injection site for years which sees more than a thousand people monthly and last month resuscitated five people who were overdosing.

The new facilities offer indoor, individual, negative-pressure rooms that allow fresh air to circulate and can clear out smoke in 30 to 60 seconds while users are monitored by trained nurses.

Advocates calling for more supervised inhalation sites have previously said the rules for setting up sites are overly complicated at a time when the province is facing an overdose crisis.

More than 15,000 people have died of overdoses since the public health emergency was declared in B.C. in April 2016.

Kate Salters, a senior researcher at the centre, said they worked with mechanical and chemical engineers to make sure the site is up to code and abidies by the highest standard of occupational health and safety.

“This is just another tool in our tool box to make sure that we’re offering life-saving services to those who are using drugs,” she said.

Montaner acknowledged the process to get the site up and running took “an inordinate amount of time,” but said the centre worked hard to follow all regulations.

“We feel that doing this right, with appropriate scientific background, in a medically supervised environment, etc, etc, allows us to derive the data that ultimately will be sufficiently convincing for not just our leaders, but also the leaders across the country and across the world, to embrace the strategies that we are trying to develop.” he said.

Montaner said building the facility was possible thanks to a single $4-million donation from a longtime supporter.

Construction finished with less than a week before the launch of the next provincial election campaign and within a year of the next federal election.

Montaner said he is concerned about “some of the things that have been said publicly by some of the political leaders in the province and in the country.”

“We want to bring awareness to the people that this is a serious undertaking. This is a very massive investment, and we need to protect it for the benefit of people who are unfortunately drug dependent.” he said.

This report by The Canadian Press was first published Sept. 18, 2024.

The Canadian Press. All rights reserved.

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