Health

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NIH to fund unproven ALS drugs under patient-backed law

WASHINGTON (AP) — When patients with a deadly diagnosis and few treatment options have tried to get unapproved, experimental drugs, they have long faced a dilemma: Who will pay? Responsibility for funding so-called compassionate use has always fallen to drugmakers, though many are unwilling or unable to make their drugs available for free to dying patients. After years of lobbying Congress, patients with the debilitating illness known as Lou...


Analysis-Exposed Europe steps up energy defences after Nord Stream 'sabotage'

By Nina Chestney LONDON (Reuters) - Major leaks blamed on sabotage on the subsea Nord Stream gas pipelines from Russia to Europe have put governments from Oslo to Rome on high alert and prompted some to send in the military to secure what they see as increasingly vulnerable energy systems. Norway, Western Europe's biggest oil and gas producer, ha...


Relationship breaks down between Torstar owners, one seeks order to wind up company

TORONTO — One of the owners of Torstar Corp. is seeking a court order to wind up the media company, citing "irreparable" damage to the relationship with his business partner. Paul Rivett, one of the owners of Nordstar Capital Inc., an investment company that purchased Torstar in 2020, filed an application to the Ontario Superior Court of Justice earlier this month that says immediately dissolving Nordstar is the only way to create a clear path...


Friday's letters: Bicycles scarcely seen in bike lanes

Re. “City may spend $170M on new bike lanes by 2026,” Sept. 29 So city council is contemplating blowing another $170 million up the stack for more under-used bike lanes. When will the Don Iveson legacy ever end? As we are now into counting homeless people and birds, may I suggest that we also count bicycles in bike lanes to coincide with the January bird count. I suggest that bike counts will be rarer than whooping cranes. City council seems to...


Terence Corcoran: Bring back the original Thatcherism

As the British pound, Canadian dollar and other currencies bobble in a sea of uncertainty, as energy prices and interest rates soar, stocks plummet, government deficits rise and recessions loom, the politics of economics seems to have overtaken sound economic policy. What’s the alternative? There may be no better source than the United Kingdom’s experience back in the early 1980s when Margaret Thatcher was prime minister. Across the world’s...


Ian regains hurricane strength as it heads to South Carolina

PUNTA GORDA, Fla. (AP) — Ian regained hurricane strength as it spun toward South Carolina a day after devastating a cross section of Florida. The U.S. National Hurricane Center says the storm’s maximum sustained winds increased Thursday to 75 mph (120kph). It was centered about 240 miles (390 kilometers) south of Charleston, South Carolina, and moving northeast at 10 mph (17 kph). Ian made landfall Wednesday on Florida’s west coast as a powerful...


London Food Bank launches 2022 fall food drive amid unprecedented levels of demand

'We've been around for 36 years. Three of our busiest months ever in our history have happened in the last four months,' said Jane Roy, the food bank's co-executive director.


Uber files to dismiss complaint by CUPW at Ontario Labour Relations Board

TORONTO — Uber Technologies Inc. has filed to dismiss a complaint by the Canadian Union of Postal Workers at the Ontario Labour Relations Board about a deal the tech giant reached with another union. CUPW filed an unfair labour practices complaint in mid-September, alleging that Uber interfered with its union push among drivers when the ride-hailing company signed a novel agreement with the United Food and Commercial Workers Canada in January....


Tom Bradley: No doubt Warren Buffett is doing some buying now

It’s getting discouraging. The mid-year stock market rally is over, we’re now back below the June lows, and it feels like it’s going lower. At least, that’s what I hear in almost every investment presentation I watch. Phrases such as “stocks have further to go” and “a recession is inevitable” roll off tongues as easily as talking about the weather. Whether you agree with this sentiment or not, it’s a hard time to make investment decisions. The...


Amazon is offering big discounts on TV shows ahead of its Prime Early Access Sale, including 60% off the final season of 'Better Call Saul'

Prime members can get exclusive deals on Prime Video through October 7. Several popular shows are on sale, including "Better Call Saul" and "Friends."


Expanding access to real estate sales and listing data benefits competition and consumers alike

The owners of real estate sales data in Canada have gone to great lengths to restrict unauthorized access to and use of that data, but the Competition Bureau and many within the industry have long argued for freer access to data to enhance competition. The matter seems far from settled despite years of litigation and rulings. As a result, some real estate boards continue to file legal notices against property technology companies that try to...


David Eby's affordable housing plan proposes flipping tax, legalization of secondary suites

The leadership candidate for the B.C. New Democratic Party proposed expansive changes to address the province's housing shortage if he is elected leader of the party — and the next premier.


Bank branch openings in U.S. leave behind minority neighborhoods - study

By Lananh Nguyen NEW YORK (Reuters) - The opening of new U.S. bank branches is leaving behind minority communities despite racial equality pledges from lenders, according to a study released Thursday by the Committee for Better Banks, an advocacy group. The 14 largest U.S. consumer banks opened 4,130 new branches from January 2010 to December 202...


Global dealmaking plunges as financing market hits rock bottom

GLOBAL-Q3-REVIEW-M-A:Global dealmaking plunges as financing market hits rock bottom


More Ontarians are leaving for Alberta, StatCan data shows

Alberta is calling – and Canadians in other provinces appear to be listening. Statistics Canada data released on Wednesday showed that nearly 10,000 people moved from other provinces to Alberta in the second quarter of the year, the largest net gain for the province since 2014 and more than double from the same period last year. Ontario was the biggest driver of Alberta's net population gain, with 6,281 people moving to the western province in...


Canada terror rules unchanged as Afghans face humanitarian crisis and winter looms

OTTAWA — Opposition parties and aid groups say the Trudeau government is dragging its feet in carving out exemptions to anti-terrorism laws to allow humanitarian groups to reach desperate people in Afghanistan. "There is nothing but political will interfering with us solving this problem," said NDP foreign affairs critic Heather McPherson. In June, a multi-party committee called on the government to modify the Criminal Code so that major...


Dodge tries to convert its muscle car fans from V-8 engine to EV

Dodge has built a reputation over the last decade as a maker of muscle cars and performance cars. Now it is trying to hold on to that image in an electric era.


Investors see no peace in U.S. stocks until bond gyrations subside

By David Randall NEW YORK (Reuters) - Investors are betting that the feedback loop between U.S. stocks and bonds will likely be a key factor in determining whether the gyrations that have rocked markets this year continue into the last months of 2022. As the third quarter draws to a close, both assets have seen painful sell-offs, with the S&P 500...


Exclusive-JPMorgan to hire about 2,000 engineers even as economy softens

By Lananh Nguyen PLANO, Texas (Reuters) - JPMorgan Chase & Co plans to hire about 2,000 engineers worldwide through the end of the year despite a worsening economy, its global chief information officer, Lori Beer, said on Wednesday. The biggest U.S. lender added a net more than 5,000 software developers and data scientists last year and aims to a...


Activist Jana prepares to bring star nominees to Freshpet’s board. Here’s how it may create value

Dwyane Wade and CC Sabathia are among the names activist investor Jana is putting forward for nomination to Freshpet’s board.


In your debt: 3 steps to lower the cost of your debt

Does the thought of dealing with your debt make you want to go back to bed? More than 1 in 5 Americans (22%) are likely to put off creating a debt payoff plan, according to a June 2022 survey from NerdWallet conducted online by The Harris Poll. That’s a lot of procrastination, and it’s no wonder why. Facing your debt isn’t exactly a fun way to spend an hour. Still, there are actions you can take that will make getting out of debt feel more...


Salary transparency is on the rise. Here's how to navigate the topic

TORONTO — Mo Hameed started a TikTok account showcasing everyday Canadians sharing what they do and how much they make just a few months ago. "I wanted to create something for the youth, but also for other people in their careers who want to make sure they're getting paid a fair amount, and just have a page where people can go and be like, 'oh, this job is cool, let me look more into this,'" the 24-year-old said. With more than 62,000 followers...


Edmonton faces a shortage of homes in lower prices bands

A recent report finding Canada’s real estate market faces persistent supply issues that could lead to a housing crisis hits close to home even though Edmonton was not among cities surveyed, a local realtor says. Real estate agent Nathan Mol with Liv Real Estate says Edmonton’s market is largely seeing a balance between demand and supply after several months of the market favouring sellers. Still, supply remains in short supply where it often...


Green Line LRT work to continue near Saddledome as NHL season approaches

The intersection at 12 Avenue S.E. and Olympic Way has been closed to allow for crews to relocate utility lines to make way for a future tunnel under Calgary's downtown core.


Sask.s' minimum wage hits $13/hour, but some say it won't be enough to fight inflation

Starting Saturday, the minimum wage in Saskatchewan increases from $11.81 to $13 per hour. But experts and community leaders say it will not be enough with inflation fuelling rising costs of living.


Google promises Greece 20K jobs with cloud expansion

ATHENS, Greece (AP) — Google announced plans Thursday to expand its cloud services infrastructure to Greece, promising to create nearly 20,000 jobs through direct investment and partnerships by the end of the decade. The move follows plans by Microsoft, announced two years ago, to invest $1 billion to create data centers near Athens, as well as pledges by other tech giants including Cisco and Amazon to set up facilities in Greece. “We can...


Kevin Carmichael: Acute labour shortages about to become chronic source of economic pain

I began Postmedia’s series on Canada’s acute labour shortages with an essay on why the issue probably isn’t going away, no matter how many “ recruiting festivals ” employers host or signing bonuses they give out. That column was influenced by The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival , a book by economists Charles Goodhart and Manoj Pradhan that was published during the pandemic in 2020. They...


Judd sisters on mom Naomi, redemption, advocacy and grief

NASHVILLE, Tenn. (AP) — The family of the late country music matriarch Naomi Judd is reflecting on her legacy ahead of an 11-city tour that will give fans a chance to say goodbye and rejoice in the music that became the soundtrack of their lives. Daughters Wynonna Judd and Ashley Judd remembered their mother in outtakes from interviews with The Associated Press as a beautiful, talented, smart and colorfully complex woman, who had highs and lows,...


Help Wanted local sidebar: Alberta spending millions on provincial training programs

The provincial government in 2021 spent $330 million for training and job incentive programs, which more than 32,000 job seekers and more than 5,800 employers took part in. For the next three years, nearly $700 million is budgeted for Alberta Jobs Now and Alberta At Work to assist with “training and job creation needs.” According to the province, accommodation and food services, and retail trade are showing the strongest need for support at the...


Sorry, hard seltzer — beer companies are into canned cocktails now

Canned cocktails are making a splash. Beer companies, drawing from previous success with hard seltzer, are getting in on the craze.


S&P/TSX composite ekes out barest of gains on day but down for the quarter

TORONTO — A volatile trading day capped the quarter as an early rally evaporated to leave the S&P/TSX composite index with the barest of gains, while U.S. markets swung deep into the red. The trading, which saw North American markets give up what were gains of more than one per cent in morning trading, was emblematic of recent sessions that have been scattered but weighted to the downside as investors fear for the economy because of the...


How to perfectly time your new omicron-specific Covid booster

When should you get your new omicron-specific Covid booster? It depends on your age, health status and how recently you've been vaccinated or infected by Covid.


CMHC to forecast steeper housing price decline of 10-15%

The Canada Mortgage and Housing Corp. will soon release revised expectations for home price declines, which will be greater than the housing authority expected last summer, chief executive Romy Bowers said at a conference Thursday. In July, a CMHC report said a surge in interest rates could drag national home values down by five per cent by the middle of 2023. While a formal revision won’t be released until October, Bowers said it is expected to...


Noah Solomon: Six self-defeating behaviours that get investors suboptimal results

Behavioural finance is the study of the influence that psychology has on investors. Its central theme is that investors are influenced by cognitive biases and are not always rational, which leads to self-defeating behaviours and suboptimal results. “The fact that people are fallible is your biggest enduring advantage in the accumulation of greater wealth,” behavioural finance expert Daniel Crosby states in his book, The Laws of Wealth:...


Online voting for Peterborough municipal election opens Oct. 1; advance polls Saturdays

Peterborough voters can cast their ballots online beginning midnight on Oct 1. Online voting remains open until Oct. 24 at 8 p.m.


New Brunswick to extend ferry service from Campobello Island to mainland

The province announced Thursday the ferry will be subsidized on a month-to-month basis due to COVID-19 restrictions at U.S. border crossings.


New hotel announced for Kelowna International Airport

Design and development approval work will commence this year, with construction starting as early next fall.


Inflation hits record 10% in 19 EU countries using euro

FRANKFURT, Germany (AP) — Inflation in the European countries using the euro currency has broken into double digits as prices for electricity and natural gas soar, signaling a looming winter recession for one of the globe's major economies as higher prices undermine consumers' spending power. Consumer prices in the 19-country eurozone rose a record 10% in September from a year earlier, up from an annual 9.1% in August, EU statistics agency...


Structural concerns at northeast Edmonton apartment building force tenants to evacuate

Some of the residents of Sandlewood Place in northeast Edmonton say they are concerned for their safety after cracks appeared on their walls and some were told they need to leave.


Analysis-U.S. has no appetite to intervene on behalf of falling pound, yen

By David Lawder WASHINGTON (Reuters) - The financial turmoil emanating from Britain and Japan is not yet enough to prompt the U.S. Treasury to intervene to buoy the battered pound or yen, with officials expressing no urgency to act, a stance foreign exchange market experts say is likely to hold unless much wider market disruptions develop. The Tr...


Unpaid internships face new scrutiny as barriers to careers

The value of an internship is unmistakable. It teaches marketable skills, it builds professional networks, and it helps students test-drive careers. But the benefits are not available to all: Close to half of all internships are unpaid, putting them out of reach for students who need wages to keep up with their bills, even if the work has nothing to do with their intended careers. Unpaid internships are facing new scrutiny from colleges, state...


Jack Mintz: Trudeau vs. Poilievre: Handouts vs. tax cuts

With recent elections in Italy, Sweden and the U.K., a shift to the right is gathering pace in Europe. The same may occur in the mid-term U.S. elections if the Republicans win back the House and a Senate majority. Many issues affect an election but right now inflation is top of the agenda. To combat it, many politicians on the right are pushing for tax cuts. A recent OECD review of anti-inflation policies reported that 74 countries have provided...


Tenants evicted from problem house in Kelowna

“They're boarding up the house, they're going to fence it off with construction fencing, put a couple of no trespassing signs up and carry on from there."


Lebanon's dwindling rain leaves farmers struggling for water

HARF BEIT HASNA, Lebanon (AP) — Farmers in a small town perched on a northern Lebanese mountain have long refused to accept defeat even as the government abandoned them to a life off the grid. Harf Beit Hasna receives almost no basic services. No water or sewage system, no streetlight or garbage collection. The only public school is closed. The nearest pharmacy is a long drive down a winding mountain road. “We live on another planet,” said Nazih...


'Big impact': UK economic chaos, pound plunge hit businesses

LONDON (AP) — Like many small business owners in Britain, Harry Niazi hoped for government help to keep his south London fish and chip shop going in the face of rocketing energy bills and soaring inflation. But an economic stimulus plan announced last week by Prime Minister Liz Truss’ new government brought no relief — far from it. For Niazi and millions across the United Kingdom, things went from bad to worse after the promise of huge unfunded...


Digital minister aims to wrest Japan out of analog doldrums

TOKYO (AP) — The politician tapped to help Japan keep pace with the digital age has his work cut out for him. After all, the nation known for Nintendo games, Lexus sportscars and other gadgetry galore also loves the fax machine and the traditional “hanko” seals that work as analog signatures. But Digital Minister Taro Kono has a reputation for no-nonsense action and for defying vested interests in high places. “I have no intention of playing...


National library association calls for release of remaining residential school records

OTTAWA — The Canadian Federation of Library Associations is calling on federal cabinet ministers to support a full public release of remaining residential school records held by the Catholic Church and the government. It says the federal government committed to turning over 12,000 residential school documents after calls from the National Centre for Truth and Reconciliation, which has archived more than five million documents and 6,000 witness...


'Nonsensical': Court finds CRA unreasonable in ordering woman to pay back CRB

Some Canadians who received COVID-19 benefits in 2020 and 2021 continue to face an uphill battle in proving they properly qualified for them, especially if their pre-pandemic earnings are not verifiable. Take the case of a British Columbia resident who went to court in September in an effort to avoid repaying the Canada Recovery Benefit (CRB) payments she received during her unemployment. The CRB was introduced by the government in 2020 to...


Algonquin Power & Utilities cuts price it will pay for Kentucky Power by US$200M

OAKVILLE, Ont. — Algonquin Power & Utilities Corp. (AQN) says it has signed a revised deal that cuts the price it will pay for Kentucky Power Co. and AEP Kentucky Transmission Co. Inc. by US$200 million. Under the new agreement, AQN says it will pay US$2.646 billion, including the assumption of US$1.221 billion in debt. The Canadian power utility had agreed last year to a purchase price of US$2.846 billion, including the assumption of US$1.221...


Japan to confirm size of yen-buying intervention, eyes on size of war-chest

By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) - Japan's government will confirm on Friday the amount it spent intervening in the foreign exchange market last week to prop up the yen, which may highlight the hurdles Tokyo could face in making frequent forays into the market to stem sharp falls. Estimates based on money market brokers showe...