Hockey Costs

Evening update: Hockey Canada loses sponsorship from Tim Hortons and trust from regional organizations

Good evening, let’s start with today’s best stories:

The losses are mounting for Hockey Canada, an organization used to winning – at least on the ice. Today, Tim Hortons withdrew its sponsorship of Hockey Canada for the 2022-2023 season, which primarily includes the World Junior Hockey Championship in December. At the same time, regional hockey associations in Ontario and Quebec said they would withhold registration fees rather than send them to the national federation.

During hearings in Ottawa this week, MPs slammed Hockey Canada for failing to properly investigate allegations of a woman who said she was sexually assaulted by members of the 2018 National Junior Team after a fundraiser of Hockey Canada, and for trying to sweep the matter undercover.

Putin asserts control of Zaporizhzhia nuclear power plant, Ukraine opposes it

With Russia’s illegal annexation of four Ukrainian regions made official today, attention has turned to Zaporizhzhia, the annexed region that houses the city’s nuclear power plant of the same name.

Russian President Vladimir Putin ordered his government to take control of the Zaporizhzhia plant, the largest in Europe, but the head of Ukraine’s state nuclear energy company said he was taking charge instead and urged workers there not to sign any documents with its Russian occupiers.

The possibility of a nuclear disaster at the plant remains an international concern due to the bombings in the region for which Moscow and Kyiv have blamed each other.

Meanwhile, workers at the plant spoke to reporters this week about their fears of being kidnapped and tortured or killed by Russian forces occupying the facility.

How the storm-hit regions of North America are coping after

Electrical crews work to repair power lines near Lower Barneys River in Pictou County, Nova Scotia on September 28, 2022,Darren Calabrese/The Canadian Press

With thousands of people still in the dark after enduring recent severe storms in Atlantic Canada and other parts of North America, reconstruction plans are hitting roadblocks before they can even get started.

In Nova Scotia and Prince Edward Island, some 15,000 homes and businesses were without power 11 days after Storm Fiona hit the region, not to mention the many rural residents who are without running water because their well pumps are not working.

Nova Scotia Public Works Minister Kim Masland said the rebuilding effort, once underway, will compete for labor with continued construction projects, driving up prices and will extend the deadlines.

In the United States, President Joe Biden inspected Fort Myers, Florida by helicopter today after Hurricane Ian had a devastating impact. And in Puerto Rico, which was hit by Hurricane Fiona two weeks ago, more than 100,000 homes and businesses were still without power.

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ALSO ON OUR RADAR

Self-driving delivery vehicles in Toronto: In partnership with a startup called Gatik, Loblaw has been testing self-driving technology in Ontario since 2020, with a human “safety driver” on board. In August, the company began the next phase of its test – without the driver.

Baldwin settles down Rust suit: The family of cinematographer Alec Baldwin accidentally shot on the set of Rust reached an agreement with the actor and the producers of the film.

Home sales down: In Canada’s three largest cities – Toronto, Montreal and Vancouver – September figures show a major drop in home sales.

Ottawa is asking for comments on the shows: The federal government has released its long-awaited draft greenhouse gas emission guidelines for new oil and gas projects. Comments on the plan will be accepted until December 3.

MARKET WATCH

Shares on Wall Street closed lower today after data showed US labor demand remained strong and Federal Reserve officials stuck to their hawkish message that rates interest rates will stay higher for longer.

This follows a positive start to the week, and a rally in the afternoon today was seen as “a favorable indicator that this rally could have some legs,” said Sam Stovall, chief market strategist. investments at CFRA Research in New York.

The Dow Jones Industrial Average fell 42.45 points or 0.14% to 30,273.87, the S&P 500 lost 7.65 points or 0.20% to 3,783.28 and the Nasdaq Composite fell 27 .77 points or 0.25% at 11,148.64. The Toronto Stock Exchange’s S&P/TSX Composite Index finished down 135.90 points or 0.7% at 19,235.09.

The Canadian dollar was unchanged and could be purchased for 73.42 US cents.

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TALKING POINTS

Trudeau government must explain why Iran’s Revolutionary Guards are not listed as a terrorist entity

“At the very least, the Canadian government owes the 50,000 people who marched in Richmond Hill over the weekend – and many others who watched in horror as the Iranian regime violently suppressed protesters – an explanation. – Robyn Urback

The United States is losing China to Russia. How insane is that?

“Where is the logic, one has to ask, in Washington to pursue a political path that loses China to Russia? … Instead of doing everything in their power to find compromises with China and counterbalance any Moscow-Beijing ties, Democratic and Republican lawmakers agree to take a confrontational approach.” –Laurent Martin

LIVE BETTER

Loretta Lynn discovered country music stardom through Vancouver

She may have been a proud Kentuckian singer-songwriter, but country star Loretta Lynn, who died Tuesday at the age of 90, might never have been able to make it to the Grand Ole Opry without her. help from a Canadian benefactor. Norm Burley was a lumber company owner in Vancouver who recognized Lynn’s potential during an appearance on regional television. In the early 1960s, he backed up his intuition by funding his first studio session.

Indigenous artists play with scale in Arctic/Amazon exhibition at Power Plant Gallery

The Arctic/Amazon exhibit, currently on display at the Power Plant Gallery in Toronto, began with a 2019 symposium on the similarities between Indigenous issues in North and South America despite their vastly different climates. One of the most pronounced themes is scale, making small things big and big things small, which has obvious political implications as these artists assert their Indigenous presence.

TODAY’S LONG READ

The RD Parker Building on the campus of Laurentian University in Sudbury, Ontario.Fred Lum/The Globe and Mail

Laurentian University’s Creditor Protection Plan Brings New Life, But Big Challenges Ahead

When Laurentian University declared insolvency in February 2021, Janice Liedl kept her job. But his department has disappeared. More than 100 of his tenured colleagues have been fired and dozens of university programs have been cut. The future of the entire university, the hub of Sudbury and northern Ontario, was in doubt.

Rather than receive a financial bailout from the provincial government, as other struggling universities have done in the past, Laurentian filed for protection under the Companies’ Creditors Arrangement Act, a law designed for private companies that leaves considerable leeway to lay off employees and reduce costs. It had never before been applied to a publicly funded university.

On September 14 of this year, the university’s creditors voted to approve a plan of arrangement that will settle the university’s debts at a fraction of their value. The result is a relief for the university administration as well as its staff and faculty. If the vote had failed, the university said its only option would have been to disband.

Dr. Liedl said he felt like Laurentian, having survived a touch with death, is perched on a ledge. It’s not safe at home, but he can catch his breath and consider his next move.

Read Joe Friesen’s full report.

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