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CanadaNewsMedia news August 20,2024: StatCan to release July inflation report today

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Here is a roundup of stories from CanadaNewsMedia designed to bring you up to speed…

StatCan to release July inflation report today

Statistics Canada is set to publish its July consumer price index report today.

Economists polled by Reuters expect the report to show inflation slowed to 2.5 per cent from 2.7 per cent in June.

Price pressures in Canada have steadily eased this year, bringing the annual inflation rate below three per cent since January.

The Bank of Canada has been encouraged by this progress and lowered its key interest rate at its last two decision meetings.

Governor Tiff Macklem has signalled more rate cuts are coming, as long as inflation continues to slow.

Here’s what else we’re watching…

A look at what’s in the news for today

Kamala Harris made a surprise appearance on the first night of the Democratic National Convention in Chicago to honour the legacy of Joe Biden before the president figuratively passed the baton of party leadership to his vice-president.

“Thank you for your historic leadership, for your lifetime of service to our nation and for all you will continue to do,” Harris said about Biden to roars of cheers from supporters.

Biden’s speech rang more celebratory than bittersweet, capping off the Monday night event.

Just over a month ago it was all but certain he would be on stage to accept the nomination. Biden stepped aside in July amid concerns about his age and ability to win.

Pausing numerous times to cheers of “Thank you Joe,” the president gave an energized speech about bringing back jobs, supporting unions and strengthening environmental policies.

Biden critiqued the Democrat’s presidential rival, Donald Trump, as a liar and danger for the future of America. But the president closed out his comments by fulsomely supporting his vice-president and quoting one of his favourite songs saying “America America I gave my best to you.”

“I am more optimistic about the future than I was when I was elected as a 29-year-old United States senator. I meant it,” Biden said.

“Folks, we just have to remember who we are. We are the United States of America and there’s nothing we cannot do when we do it together.”

The four-day convention’s theme is “For the People, For Our Future” and observers say it is a key moment for Democrats to unify the party and build on the excitement behind the Harris campaign.

Alberta school cellphone ban rollout sparks worry

The head of the Alberta Teachers’ Association says the rollout of new policies banning cellphone use in classrooms starting this fall has some teachers confused about how they’ll be expected to follow them.

President Jason Schilling said about two weeks before most kindergarten to Grade 12 students go back to class, it’s unclear why new provincial standards will be in place for Sept. 1, while school divisions have until Jan. 1 to put their own policies and procedures on the books.

Alberta has previously allowed school boards to decide whether or not to restrict cellphones, but Schilling said for those teachers in schools who don’t yet have such rules, there’s concern.

Education Minister Demetrios Nicolaides announced in June that personal devices will need to be turned off and stored out of sight during class time, with exceptions for specialized learning or medical needs.

In a statement to The Canadian Press, Nicolaides said while the ban takes effect in the fall, he’s leaving it up to local school authorities to finalize their own policies by the new year.

B.C. police drop surnames in missing person alerts

The department that polices Greater Victoria’s largest municipality recently moved to exclude surnames from public alerts requesting help finding missing people, in a bid to avoid causing them future harm.

In so doing, it joins a growing number of law enforcement agencies across Canada, and has drawn praise from British Columbia’s privacy commissioner.

Others, including the RCMP, continue to publicize surnames, citing a need for clarity.

The Toronto and Calgary police services moved to first-name-only missing persons reports earlier this year.

The shift has the support of B.C.’s information and privacy commissioner.

Strains mean ‘delicate balance’ on MP protection

The demands of protecting parliamentarians and other public figures are placing “significant strain” on RCMP personnel and taking resources from other federal policing priorities, warns an internal briefing note.

The national police force is “forced to walk a delicate balance” in providing protective services in response to threats flagged by parliamentarians, says the newly released February memo.

“The limited capacity of the RCMP’s protective services must be prioritized based on these assessments.”

The briefing note, obtained from the RCMP through the Access to Information Act, was prepared for a meeting of the deputy ministers’ protection committee, co-chaired by the national security and intelligence adviser and the deputy minister of Public Safety Canada.

The note, one of a series of early 2024 memos released under the access law, emerges amid ongoing concerns about shielding MPs, senators and other prominent figures from a rising tide of online vitriol and physical threats.

This report by The Canadian Press was first published Aug. 20, 2024.

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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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Quebec premier calls on Bloc Québécois to help topple Trudeau government next week

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MONTREAL – Quebec Premier François Legault says the Bloc Québécois must vote to topple the federal Liberal government next week and trigger an election.

Legault called on Parti Québécois Leader Paul St-Pierre Plamondon to summon the “courage” to ask the Bloc to support the expected Conservative non-confidence motion against Prime Minister Justin Trudeau’s minority government on Tuesday.

The Bloc and PQ, which both campaign for Quebec independence, are ideologically aligned and have historically worked together.

But moments later Bloc Leader Yves-François Blanchet said on X that he would not vote to topple Trudeau, saying he serves Quebecers “according to my own judgment.”

Legault made the comments after expressing frustration with what he described as Ottawa’s inaction on curbing the number of temporary immigrants in Quebec, especially asylum seekers.

Conservative Leader Pierre Poilievre has said he will put forward a motion of non-confidence in the government on Sept. 24, and specifically challenged NDP Leader Jagmeet Singh to back it.

The Conservatives don’t have enough votes to pass the motion with just one of the Bloc or the NDP.

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

The Canadian Press. All rights reserved.



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