Prime Minister Justin Trudeau says he plans to speak with members of his cabinet Wednesday to discuss “next steps” in the ongoing anti-pipeline protests that have hamstrung the country’s rail network.
“This is an issue that is of concern,” Trudeau said during a news conference in Senegal Wednesday morning.
“Obviously it’s extremely important to respect the right to freely demonstrate peacefully, but we need to make sure the laws are respected. That’s why I’m going to be engaging with our ministers and looking at what possible next steps there are.
“I am encouraging all parties to dialogue, to resolve this as quickly as possible.”
One of the ministers he’ll call will undoubtedly be Marc Garneau.
On Tuesday, the transport minister said the federal government is “very concerned” after CN Rail said the railway has no choice but to temporarily shut “significant” parts of its network because of blockades by protesters near Belleville, Ont., and New Hazelton, B.C.
The Tyendinaga Mohawk protests in southern Ontario have halted freight and passenger rail traffic since Thursday. The Mohawks involved say they are standing in solidarity with the Wet’suwet’en hereditary chiefs who oppose the Coastal GasLink pipeline in northern B.C.
Tyendinaga Mohawk protesters said Tuesday they won’t end their demonstration until the RCMP leaves the traditional territory of the Wet’suwet’en, where there have been numerous arrests of demonstrators who have been blocking an access road to the natural gas pipeline construction site.
Watch: Trudeau says peaceful protests are an important democratic right but the rule of law must be respected
Ontario police warn protesters
Ontario Provincial Police have warned demonstrators near Belleville to clear the area or face a raid and arrests.
J.J. Ruest, the president and CEO of CN Rail, said the protests threaten industry across the country, including the transport of food and consumer items, grain, de-icing fluid used at airports, construction materials, propane for Quebec and Atlantic Canada, and natural resources like lumber, aluminum and coal.
Via Rail has also had to cancel more than 150 trips on the Toronto-to-Montreal corridor.
NDP Leader Jagmeet Singh is calling on Trudeau to end his overseas trip to address the mounting tensions.
“After centuries of colonialism, the way forward is not easy, but refusing to talk and pretending the federal government has no role is a failure of leadership,” he tweeted Wednesday.
“Across the country, the situation is escalating. [Trudeau] must return to Canada and meet with the chiefs.”
Air Canada passenger flying from Montreal to Vancouver tested positive for COVID-19 – CTV News
An Air Canada passenger travelling from Montreal to Vancouver on Valentine’s Day has tested positive for coronavirus.
The airline confirmed that it was advised Saturday by the BC Centre for Disease Control that a passenger tested positive for COVID-19.
“Air Canada is working with public health authorities and has taken all recommended measures,” Air Canada media relations spokesperson Pascale Dery wrote in an email.
Air Canada staff were informed of the incident in a memo sent to staff on Saturday. The memo states the passenger was travelling from Iran to Vancouver via Montreal.
“As per normal procedure, the British Columbia Centre for Disease Control advised us in order to follow the standard contact tracing procedures that are implemented any time a passenger is identified as having tested positive for any infectious disease,” it said. “The same procedures that are followed when we have a passenger diagnosed with much more infectious diseases such as measles or tuberculosis.”
“As per their procedures, BC CDC will contact only the crew serving the relevant section of the aircraft and the passengers travelling in the three rows immediately in front and behind the infected passenger. Although there will be no follow-up with our other crew as per the BC CDC, we’ve elected to advise the entire crew, as well as the pilots of that flight.”
The memo notes that risk of transmission of coronavirus is considered low and crew members from the flight are not required to be quarantined or to stop flying, but are advised to “self-monitor for 14 days beginning on the day of the flight and report any symptoms to their local public health professionals should they develop.”
Crew members can elect to stop flying during the 14 day period should they choose to do so.
The Lotto Max Jackpot Just Hit $70 Million For The Second Time In History – Narcity
Most of us are out there every day, on our hustle, getting that bread. Of course, we wouldn’t have to be if we won the lottery. With the Lotto Max Jackpot now sitting at $70 million for only the second time ever you might want to buy a ticket.
The prize amount previously hit the $70 million mark in January. It was claimed by Adlin Lewis, a 49-year-old credit risk manager from Brampton. At the time, it was the largest lottery prize in Canadian history.
Now that amount has been matched again, and is up for grabs in the February 25 draw. With that much money, you could almost buy a house in Vancouver or Toronto (just kidding. Maybe like 20 houses).
To go along with this massive jackpot, there are also 20 Maxmillions prizes of $1 million each for the taking.
This big number means no one took home the biggest amount of cash in last night’s draw. However, there were some otherwise impressive wins across Ontario.
Four winning tickets worth a million bucks each were sold in Burlington, Niagara Falls, Ottawa, and Toronto.
Two tickets worth slightly less at $500,000 each were picked up by some lucky people in St. Catharines and Haliburton County/Muskoka District.
A couple of second-place tickets, each paying out at the not-insignificant amount of $114,829.50 were sold in Brampton and Newmarket.
Finally, a couple of $100,000 Encore wins were sold both on the OLG website and in Toronto.
If you live in these cities and have bought a Lotto Max ticket recently, make sure to get it checked.
It could be a major winner, and you might be richer than you were yesterday.
Since September 2009, Lotto Max winners have racked up an impressive $5.2 billion worth of prizes, distributed over 68 jackpot and 590 Maxmillions wins.
To get in on the next draw, buy a ticket before 10:30 PM on February 25.
Retirees: 1 Trick to Max Out Your CPP Pension – The Motley Fool Canada
When it comes to retirement, you want your money to work for you. Canada has a couple of pension schemes that will provide retirees with a monthly payout but that’s barely sufficient to meet overall expenses.
The standard of living and related costs have increased considerably over the last few years, especially in large Canadian cities such as Toronto, Vancouver, Montreal, and Ottawa. The average CPP payout for a new recipient starting pension at the age of 65 is $672.87 in 2020, while the maximum amount is $1,175.83.
If you delay CPP payouts to the age of 70, it will increase by an annual rate of 8.4%, while the average CPP payout for a new 70-year old recipient will be over $950 per month.
But most people would not want to work till the age of 70 and instead enjoy their retirement life without banking on just the CPP and other such benefits.
So, investors with age on their side need to create substantial wealth by investing in blue-chip, dividend-paying stocks. It’s absolutely essential to take a long-term view of stocks because you can’t afford to discount the power of compounding.
Here we look at one such high-quality stock that can be part of your retirement portfolio.
Royal Bank of Canada
Shares of Royal Bank of Canada (TSX:RY)(NYSE:RY) have risen by 620% in the last 20 years. This means that if you’d invested $50,000 in the stock in February 2000, it would now be worth well over $300,000 — and this is excluding the company’s dividend payouts.
If you invest $50,000 in the Royal Bank of Canada right now, it can grow to about $110,000 in the next 20 years considering only its forward dividend yield of 3.9%.
If RBC can mimic its historical stock returns, your investment of $50,000 can grow to about $375,000 (including dividend payouts) in the next 20 years.
RBC is Canada’s largest bank in terms of market cap. It’s valued at $154.54 billion and the stock is trading at a forward price-to-earnings ratio of 11.
Despite its massive size, RBC is expected to increase earnings by 5.1% over the next five years. Analysts also forecast its sales to grow by 2.4% in 2020 and by 4.6% in 2021.
RBC is a domestic giant trading at an attractive valuation and is a solid long-term pick. The company’s dividend payout ratio stands at 46.5%, giving it enough room to increase dividends over the next few years.
However, it’s advisable to have such a huge exposure to a single company. Rather, you can diversify your portfolio by adding stocks with strong fundamentals, robust cash flows and a low beta guaranteed to increase shareholder wealth.
Saving for retirement needs to be a top priority for most individuals, especially if you want to have a stress-free life. You can live off the dividends from these stocks after creating a massive wealth pool and look to withdraw your CPP at the age of 70.
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