Province makes major investment to support human trafficking survivors | Canada News Media
Connect with us

Investment

Province makes major investment to support human trafficking survivors

Published

 on

A major investment from the province will help survivors of human trafficking.

On Friday, the provincial government announced $1.2 million in funding for Hope Restored Canada (HRC) over the next four years.

Bronwyn Eyre, Saskatchewan’s justice minister and attorney general, said the investment is a collaboration with the federal government through the National Action Plan to End Gender-Based Violence that launched in November of 2022. According to the province, the plan lays out a 10-year framework that supports victims and families that have been affected by gender-based violence across Canada.

Eyre said the investment will secure more housing, counseling, treatment, and life-skills programming for HRC in Saskatoon, which has been the only safe house in Saskatchewan to offer those specialized services since 2019.

The minister said the HRC house has securely supported more than 55 women and youths escaping sex trafficking and sexual exploitation.

Joeline Magill, HRC’s executive director, said the funding will provide support for staff and individuals in the safe housing program, as well as day and outreach programs.

According to a Statistics Canada report from 2021, Saskatchewan is one of three provinces that has human trafficking rates higher than the national average, and 96 per cent of human trafficking victims are women and girls.

One of the reasons the rates are so high in the province, Magill said, is because of issues with housing and a lack of opportunities for education. She said there are currently waiting lists for HRC’s programming.

The length of time individuals stay with HRC varies, Magill said, explaining that stays can vary from a couple of days up to 18 months. And sometimes individuals return back to the safe house for support after initially leaving.

“It can take up to seven or eight times for somebody to leave before they actually are out and leave that lifestyle,” she said.

Eyre said the province has also contributed funding for the Saskatchewan Trafficking Response Team, and in November, legislation was introduced to prevent victims of human trafficking from being negatively impacted by coerced debt.

According to the government, Saskatchewan will invest more than $27.5 million in 2023 and 2024 to supporting victims of interpersonal violence. Part of that funding is $984,000 over three years towards second-stage housing, including intervention and counseling services.

“These are very, very important preventative models and efforts to get to the root causes of interpersonal violence in the province,” Eyre said.

 

Source link

Continue Reading

Investment

Tesla shares soar more than 14% as Trump win is seen boosting Elon Musk’s electric vehicle company

Published

 on

 

NEW YORK (AP) — Shares of Tesla soared Wednesday as investors bet that the electric vehicle maker and its CEO Elon Musk will benefit from Donald Trump’s return to the White House.

Tesla stands to make significant gains under a Trump administration with the threat of diminished subsidies for alternative energy and electric vehicles doing the most harm to smaller competitors. Trump’s plans for extensive tariffs on Chinese imports make it less likely that Chinese EVs will be sold in bulk in the U.S. anytime soon.

“Tesla has the scale and scope that is unmatched,” said Wedbush analyst Dan Ives, in a note to investors. “This dynamic could give Musk and Tesla a clear competitive advantage in a non-EV subsidy environment, coupled by likely higher China tariffs that would continue to push away cheaper Chinese EV players.”

Tesla shares jumped 14.8% Wednesday while shares of rival electric vehicle makers tumbled. Nio, based in Shanghai, fell 5.3%. Shares of electric truck maker Rivian dropped 8.3% and Lucid Group fell 5.3%.

Tesla dominates sales of electric vehicles in the U.S, with 48.9% in market share through the middle of 2024, according to the U.S. Energy Information Administration.

Subsidies for clean energy are part of the Inflation Reduction Act, signed into law by President Joe Biden in 2022. It included tax credits for manufacturing, along with tax credits for consumers of electric vehicles.

Musk was one of Trump’s biggest donors, spending at least $119 million mobilizing Trump’s supporters to back the Republican nominee. He also pledged to give away $1 million a day to voters signing a petition for his political action committee.

In some ways, it has been a rocky year for Tesla, with sales and profit declining through the first half of the year. Profit did rise 17.3% in the third quarter.

The U.S. opened an investigation into the company’s “Full Self-Driving” system after reports of crashes in low-visibility conditions, including one that killed a pedestrian. The investigation covers roughly 2.4 million Teslas from the 2016 through 2024 model years.

And investors sent company shares tumbling last month after Tesla unveiled its long-awaited robotaxi at a Hollywood studio Thursday night, seeing not much progress at Tesla on autonomous vehicles while other companies have been making notable progress.

Tesla began selling the software, which is called “Full Self-Driving,” nine years ago. But there are doubts about its reliability.

The stock is now showing a 16.1% gain for the year after rising the past two days.

The Canadian Press. All rights reserved.

Source link

Continue Reading

Investment

S&P/TSX composite up more than 100 points, U.S. stock markets mixed

Published

 on

 

TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 103.40 points at 24,542.48.

In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.

The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.

The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.

The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.

This report by The Canadian Press was first published Oct. 16, 2024.

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

The Canadian Press. All rights reserved.

Source link

Continue Reading

Economy

S&P/TSX up more than 200 points, U.S. markets also higher

Published

 on

 

TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.

The S&P/TSX composite index was up 205.86 points at 24,508.12.

In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.

The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.

The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.

The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.

This report by The Canadian Press was first published Oct. 11, 2024.

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

The Canadian Press. All rights reserved.

Source link

Continue Reading

Trending

Exit mobile version