(BoC-Macklem-Speech) (NS note)
Bank of Canada Governor Tiff Macklem says unpredictable U-S trade policy could slow Canada’s economic recovery by discouraging business investment and hiring.
Speaking in Halifax today, Macklem says if new U-S tariffs remain in place, economic growth could be cut roughly in half in the fourth quarter.
He also says higher oil and gasoline prices linked to the war in the Middle East could push inflation higher in the coming months.
Macklem says the bank has looked past the direct impact of higher oil prices, but the risk of more persistent inflation has increased. (The Canadian Press)
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(Irving-Oil-CEO)
Irving Oil has named European energy executive Alfred Stern as its next president and chief executive, following the retirement of Jeff Matthews.
Stern will join the New Brunswick company October 1st and take over as C-E-O November 1st.
He most recently led Austrian oil and gas company O-M-V.
Stern says he plans to build on Irving Oil’s operations by investing in safety, reliability and security of supply.
Irving Oil operates Canada’s largest refinery in Saint John, New Brunswick, with capacity of more than 320-thousand barrels a day. (The Canadian Press)
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(NB-Long-Term-Beds)
New Brunswick is adding 40 long-term care beds at Grass Home in Riverview, giving seniors more access to care closer to home.
The beds are among the first projects selected through a provincial process to create 360 new long-term care beds.
The new beds will support seniors who need more help with daily activities, while helping ease pressure on hospitals.
The project is part of the province’s 993-million dollar seniors and long-term care plan, which includes about 90-million dollars a year for the new beds. (The Canadian Press)
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(NL-Pharmacy-PSD-Arrest)
R-C-M-P say a 29-year-old man has been arrested after a break-in at a pharmacy in St. George’s, Newfoundland with a police service dog helping track him down.
Police responded to the Pharmasave shortly before 5:00 a-m on Saturday, finding damage to an exterior wall and a man inside the building.
A man allegedly ran from officers after refusing commands to leave, before police dog Pezz tracked him down following a short foot pursuit.
Police say the arrested man faces three charges and remains in custody as the investigation continues. (The Canadian Press)
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(NL-Corner-Brook-RNC-Closure)
Front counter services at the Royal Newfoundland Constabulary detachment in Corner Brook are temporarily unavailable while repairs are made to the main entrance walkway.
People needing an officer’s assistance can call the detachment’s general phone line, while police say there is no other change to services in the region.
The main entrance is expected to reopen on Friday, weather permitting.
The R-N-C apologizes for the inconvenience and reminds people to call 9-1-1 in an emergency. (The Canadian Press)
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(PEI-Animal-Cruelty)
The R-C-M-P are investigating after two kittens were thrown from a moving vehicle in Lyndale, P-E-I, killing one of the animals.
Police say the kittens were thrown from a newer-model red S-U-V with a grey roof rack on Route 24 around 11:00 a-m on Sunday.
One kitten was struck by another vehicle and died, while the other was safely recovered and has since been adopted.
Police are asking anyone with information about the vehicle or those responsible to contact Kings District R-C-M-P. (The Canadian Press)
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