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Winter storm drenches and coats parts of Canada in ice

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TORONTO —
With several provinces still facing nasty weather, some parts of Canada are recovering from freezing rain and heavy rainfall.

According to Environment and Climate Change Canada, 66.9 millimetres of rain fell on Toronto over the course of the storm from Saturday to early Sunday morning.

Further south, rainfall caused flooding along the Grand River Watershed, which includes the communities of West Montrose, Ayr and Cambridge. According to the Grand River Conservation Authority, between 80 and 100 millimetres of rain fell in those communities during the storm.

Some areas in Ontario received freezing rain as well. The town of Shelburne, which is located about 100 kilometres northwest of Toronto, had 22 millimetres of freezing rain accretion.

Freezing rain also made a mess of Montreal and parts of Quebec. In the wake of the ice storm, several roads had been closed, and thousands of Hydro Quebec customers had been left in the dark.

Montreal sustained seven hours of freezing rain, according to Environment and Climate Change Canada

Although the freezing rain warning has been lifted in the greater Montreal area, officials are still warning commuters to be careful on the streets.

In the Maritimes, the weather office is cautioning that snowfall is still on the way for much of the area. Prince Edward Island and much of New Brunswick are under snowfall warnings. Nova Scotia is facing freezing rain warnings.

Extreme cold warnings that were limited to northern parts of Alberta and British Columbia on Saturday have now spread south throughout those provinces. Almost all of Alberta and B.C. have been issued extreme cold warnings for Sunday, with Yukon facing numerous warnings as well.

Some areas in southern B.C. and Alberta could experience temperatures lower than -40 with the wind chill, according to Environment Canada.

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N.Korea fires unidentified projectile off east coast -S.Korea military

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North Korea fired an unidentified projectile off its east coast on Tuesday, South Korea’s Joint Chiefs of Staff said.

 

(Reporting by Hyonhee Shin; Editing by Christopher Cushing)

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77 per cent of Canadians aged 55-69 worried about retirement finances: survey – CTV News

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TORONTO —
More than three quarters of Canadians nearing or in early retirement are worried about their finances, at a time when more and more Canadians plan to age at home for as long as possible, a new survey has revealed.

The survey from Ryerson University’s National Institute on Ageing (NIA),conducted in collaboration with HomeEquity Bank, found that 77 per cent of Canadians within the 55-69 age demographic are worried about their financial health.

Additionally, 79 per cent of respondents aged 55 and older revealed that their retirement income — through RRSPs, pension plans, and old age security — will not be enough to be a comfortable retirement.

“Determining where to live and receive care as we age has been an especially neglected part of retirement financial planning,” Dr. Samir Sinha, NIA director of health policy research, said in a news release.

“These are vital considerations that can also be costly. With the vast majority of Canadians expressing their intention to age at home, within their communities, it is essential that we find both financial and health care solutions to make this option comfortable, safe and secure.”

As the COVID-19 pandemic revealed some shortcomings in the long-term care system, 44 per cent of respondents are planning to age at home, but many don’t fully understand the costs involved, the study notes.

Nearly half of respondents aged 45 and older believe that in-home care for themselves or a loved one would cost about $1,100 per month, while 37 per cent think it would cost about $2,000 per month.

In reality, it actually costs about $3,000 per month to provide in-home care comparable to a long-term care facility, according to Ontario’s Ministry of Health.

Bonnie-Jeanne MacDonald, the NIA’s director of financial security research, said it’s important Canadians understand the true costs of aging while they plan for their future.

“Canadians retiring today are likely going to face longer and more expensive retirements than their parents – solving this disconnect will need better planning by people and innovation from industry and government,” she said.

To help with their financial future, the researchers suggest Canadians should delay receiving any Canada Pension Plan or Quebec Pension Plan payments as the monthly payments increase with year of deferral. For example, someone receiving $1,000 per month at age 60 would receive $2,218.75 per month if they wait until age 70 to begin collecting.

The researchers also suggest leveraging home equity and purchasing private long-term care insurance as ways to help with financial stability for the later years.

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U.S. energy transition to create Mexico auto jobs, climate envoy Kerry says

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Mexico‘s manufacturing sector stands to benefit from a U.S. transition away from fossil fuels including through the creation of jobs for building electric vehicles, John Kerry, climate adviser to U.S. President Joe Biden, said on Monday.

“Mexico’s industrial base, already deeply integrated with the rest of North America, absolutely stands to benefit from the energy transition,” Kerry said alongside Mexican President Andres Manuel Lopez Obrador in Mexico’s Chiapas state, near the southern border with Guatemala.

Kerry traveled to Mexico to meet with his counterparts ahead of the upcoming United Nations’ COP26 climate conference in Glasgow, Scotland, which neither Lopez Obrador nor his foreign minister is expected to attend.

“When we switch from gasoline to electrified vehicles, there are going to be a lot of good-paying jobs here in Mexico because of the connection already of the automobile industry and our two countries,” said Kerry, who visited a flagship reforestation project promoted by Mexico.

The production of automobiles in North America is highly integrated through the U.S.-Mexico-Canada Agreement (USMCA)

Under Biden and Kerry, the United States has stressed the need for more aggressive action to address global warming. Lopez Obrador, on the other hand, has cut the environment ministry’s budget as part of an austerity drive and dismantled policies promoting private investment in renewable energy.

Research coalition Climate Action Tracker rates Mexico’s overall climate plan as “Highly Insufficient”, saying its policies and actions will “lead to rising, rather than falling, emissions and are not at all consistent with the Paris Agreement’s 1.5°C temperature limit.”

Lopez Obrador says he will tackle carbon emissions by revitalizing dilapidated hydropower projects under state control and through the tree planting program, called Sembrando Vida, which aims to plant 700,000 trees.

But he has also focused on reviving state-run oil and power generation companies, and his government has prioritized fossil fuels over renewable energy sources for Mexico’s national grid.

Mexico, the second-largest greenhouse gas emitter in Latin America, is seen as vulnerable to climate change and extreme weather patterns, with tropical cyclones and floods battering the country every year.

By 2030, Mexico plans to reduce greenhouse gas emissions by 22% over a business-as-usual scenario. Brazil, the region’s biggest polluter, aims to cut its emissions by 43% by 2030 compared to 2005 levels.

(Reporting by Anthony Esposito and Drazen Jorgic; Editing by Cynthia Osterman and Karishma Singh)

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