Tag: million

B.C. govt has handed out just $10 million of $300-million business grant software

Compact and medium-sized organizations have received just $10 million of the $300 million bucks province by the B.C. governing administration.

Employment and Economic Restoration Minister Ravi Kahlon stated $65 million has been earmarked but most of that has not designed it into the hands of organizations but. The grant method has been a struggle for the province with low applications at first and concerns with the eligibility criteria.

“We are heading to appear at the software and make guaranteed it is operating but we needed to aid practical enterprises,” Kahlon said.

“We have 1 of the most detailed applications in Canada and that is why we are viewing the task quantities come back.”

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B.C. increases funding for tourism sector grants

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The small and medium-sized small business recovery grant system was at first rolled out in September. The B.C. election delayed the execution of the

Colonial Trust Advisors Takes $1.45 Million Position in Royal Bank of Canada (NYSE:RY)

Colonial Trust Advisors bought a new stake in Royal Bank of Canada (NYSE:RY) (TSE:RY) during the fourth quarter, HoldingsChannel reports. The firm bought 17,620 shares of the financial services provider’s stock, valued at approximately $1,446,000.

Several other institutional investors also recently modified their holdings of RY. Nexus Investment Management ULC raised its stake in shares of Royal Bank of Canada by 0.9% in the 3rd quarter. Nexus Investment Management ULC now owns 497,382 shares of the financial services provider’s stock valued at $34,894,000 after purchasing an additional 4,630 shares in the last quarter. Creative Financial Designs Inc. ADV raised its stake in Royal Bank of Canada by 1.8% during the third quarter. Creative Financial Designs Inc. ADV now owns 8,524 shares of the financial services provider’s stock worth $598,000 after acquiring an additional 150 shares during the period. Cypress Capital Group raised its stake in Royal Bank of Canada by

Canada’s 3-thirty day period flight suspension approximated to price US $782 million

Tourism sector revenue could reduce by US $782 million as a final result of the three-month suspension of flights from Canada to Mexico, according to Tourism Minister Miguel Torruco.

In a assertion issued by the Tourism Ministry on Sunday, Torruco reported there could be up to 791,000 much less travelers as a consequence of the coronavirus avoidance actions announced by the Canadian govt.

In addition to the suspension of flights between January 31 and April 30, Canadian Prime Minister Justin Trudeau announced Friday that all travelers moving into the country will have to undertake Covid-19 PCR testing upon arrival at Canadian airports and go into quarantine at hotels for up to a few days at their possess expense.

The Canadian govt said Friday that the mandatory quarantine prerequisite will commence “as quickly as probable in the coming months.”

Torruco reported the cost of the new actions to the Mexican tourism

CI Fiscal Announces Pricing of US$260 Million Re-Opening of 3.200% Notes Thanks 2030

TORONTO–(Enterprise WIRE)–CI Fiscal Corp. (“CI”) (TSX: CIX NYSE: CIXX), a diversified world asset and wealth management company, these days announced the pricing of a US$260 million re-opening of its 3.200% notes due 2030 (the “Additional Notes”).

The Further Notes will form aspect of the same sequence as the superb US$700 million principal total of 3.200% notes due 2030 (the “Existing Notes”), which have been issued on December 17, 2020. Adhering to the re-opening, the combination principal amount of money of the collection will be US$960 million. The conditions of the Further Notes will be equivalent to the Existing Notes, other than the issue day and concern value.

CI intends to use the internet proceeds from this offering to redeem CI’s fantastic C$325 million combination principal amount of money of 3.520% debentures thanks July 20, 2023. The supplying is anticipated to near on January 19, 2021 and is subject

Janney Montgomery Scott LLC Has $4.79 Million Holdings in Royal Bank of Canada (NYSE:RY)


Janney Montgomery Scott LLC grew its stake in Royal Bank of Canada (NYSE:RY) (TSE:RY) by 4.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,372 shares of the financial services provider’s stock after buying an additional 2,534 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Royal Bank of Canada were worth $4,790,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new position in Royal Bank of Canada during the third quarter worth $5,537,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in Royal Bank of Canada by 6.8% during the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 66,390 shares of the financial services provider’s stock worth $5,455,000 after purchasing an additional 4,220

GM to invest US$785 million in Canada plant to manufacture electric powered vans

Standard Motors Co and labour union Unifor mentioned on Friday they have achieved a tentative offer for the automaker to make investments virtually C$1 billion (US$785.42 million) in its CAMI Assembly Plant in Ingersoll, Ontario, to manufacture business electrical vans.

Below the tentative offer, which is nonetheless to be ratified by the union employees, GM has agreed to start off significant-scale business creation of EV600, an electric van, at its CAMI plant, Unifor mentioned in a assertion.

The Detroit automaker explained in a individual statement that perform would begin promptly at the plant.

The new deal builds on current investments by GM in Canada, which in November had agreed to spend C$1 billion in its Oshawa plant to extend production of its comprehensive-dimension pickup vans.

The Canadian authorities welcomed the deal and explained it would ensure its help as before long as the union associates ratified the offer.

Government of Canada invests $162.6 million to strengthen Canadian Food items Inspection Company

OTTAWA, ON, Jan. 22, 2021 /CNW/ – As we work towards our economic restoration from the COVID-19 pandemic and begin to build back far better, it is far more essential than ever that the Federal government of Canada invests in providers that are necessary to the stability and expansion of Canadian agriculture and agri-foodstuff organizations.

The Govt of Canada is investing $162.6 million in the Canadian Food stuff Inspection Company (CFIA) above the up coming five a long time and $40 million per year on an ongoing foundation to sustain the integrity of Canada’s foods security program, guard the health and fitness of vegetation and animals to safeguard the foods provide, and give ongoing support to Canadian businesses in their export and import functions to prevail over pandemic interruptions and world trade volatility.

This investment decision in the CFIA will bolster an now robust and efficient regulatory process enabling

Canada boosts international help by $485 million with new resources for worldwide COVID-19 work

OTTAWA — Canada is serving to fund the creation of a new international method to aid distribute any further COVID-19 vaccines to poor nations, states Worldwide Enhancement Minister Karina Gould.

“Canada is genuinely is leaning into this space. The environment is not at a issue of donating excessive potential because we are just at the incredibly commencing of vaccines having authorised,” Gould stated in an interview after saying of $485 million in new dollars towards the international effort to deliver COVID-19 medicines to bad nations around the world.

The new money marked 1 of Canada’s largest-at any time will increase in shelling out on foreign support, a spending budget that shipped $5.9 billion in official growth assistance in 2018-2019.

Gould noted that a modest component of Canada’s new investment decision, $5 million, was remaining directed at Gavi, the Vaccine Alliance, to help it set up a new “governance composition” to

Canada invests $162.6 million to fortify Canadian Foods Inspection Company

As we work towards our economic recovery from the COVID-19 pandemic and start to create again superior, it is far more critical than ever that the Govt of Canada invests in expert services that are crucial to the security and development of Canadian agriculture and agri-foodstuff enterprises.

The Authorities of Canada is investing $162.6 million in the Canadian Foods Inspection Agency (CFIA) above the next five a long time and $40 million for each calendar year on an ongoing foundation to keep the integrity of Canada’s foods protection procedure, shield the wellbeing of crops and animals to safeguard the food stuff source, and deliver ongoing support to Canadian firms in their export and import pursuits to get over pandemic interruptions and world trade volatility.

This investment decision in the CFIA will bolster an previously sturdy and efficient regulatory process making it possible for the Agency to continue on to respond

Canada boosts overseas support by $485 million with new money for worldwide COVID-19 work

OTTAWA — Canada is assisting fund the creation of a new worldwide technique to assist distribute any additional COVID-19 vaccines to lousy nations, says Intercontinental Enhancement Minister Karina Gould.

“Canada is definitely is leaning into this house. The globe is not at a position of donating excessive ability for the reason that we are just at the incredibly beginning of vaccines receiving accredited,” Gould reported in an job interview just after asserting of $485 million in new income toward the world-wide energy to provide COVID-19 medicines to inadequate countries.

The new income marked 1 of Canada’s most important-ever improves in shelling out on overseas assist, a spending plan that delivered $5.9 billion in formal growth aid in 2018-2019.

Gould observed that a modest part of Canada’s new investment, $5 million, was currently being directed at Gavi, the Vaccine Alliance, to assistance it established up a new “governance composition” to distribute