Dozen hedge funds eye bonanza as Rogers-Shaw deal nears close
TORONTO/LONDON (Reuters) - As one of Canada's most bitterly contested acquisitions nears the finish line, a dozen hedge funds including Citadel and Millennium Management are heaving a /1
/2 sigh of relief and sitting on profit of more than C$216 million ($162 million) on paper after a nearly two-year roller coaster ride.
Prospects for Rogers Communications Inc's C$20 billion bid for Shaw Communications Inc brightened after Canada's competition bureau this
/3 week dropped plans to block the deal. While the Canadian government still has the final say, most analysts and competition lawyers expect the deal to clear the last hurdle and close by the Jan. 31 deadline.
Rogers' bid faced antitrust risk from the start as the country's
The Federal government makes forecasts each year for allocation of Federal funds for Health & Social transfers for all Provinces & Territories in Canada, they budget accordingly and then forward the billions in transfers.
/1
/2 The Provincial Premiers receive the funding (with no strings attached) and use the funding for other services or in most, against their Budget deficits. For over 40 years our Healthcare funding is considered world class and at the highest levels in comparison to other
/3 Universally funded healthcare in other countries. But, our Premiers have failed all of us. They have abused our taxpayer $$ long enough. They take the Federal healthcare funding transfers and use it against their deficits, development, and/or other services.
/2 Federal Environment Minister Steven Guilbeault says he doesn’t believe the Ontario government’s claims about the need to build homes in the Ontario Greenbelt, and could intervene to stop development there.
Prompted by questions from The Narwhal Thursday, Guilbeault
/3 said he couldn’t give specifics yet because it isn’t clear which projects developers might propose, or where they might be. But he said Ontario’s push to develop Greenbelt land “flies in the face of everything we’re trying to do in terms of being better prepared for the
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This news article from Saltwire about how Provinces used the extra Healthcare transfers from the Federal govt, this is telling and this is why people are angry, we know they are redirecting the funds to anything but healthcare, excerpt below: #cdnpoli#HealthcareTransfers
/1
/2 When the first of many multi-billion-dollar annual health transfers to the provinces was issued, it included funds recommended by the federal government to improve provincial home care services. When I and my CEO colleagues attended our regular monthly CEO meeting with
/3 the deputy minister of health at the time, we expectantly inquired when we would receive our share of funds to expand and reform our regional home care programs. The deputy minister looked at us and stated that since the federal government had not stipulated how the new
A team of scientists at the UNSW RNA Institute, Garvan Institute of Medical Research and the Kirby Institute can now move forward to the next stage of developing a variant-proof COVID-19 vaccine, thanks to vital funding /1
/2 from the NSW government.
The researchers are working on an mRNA vaccine that will be resistant to emerging variants of the SARS-CoV-2 virus, ending the need to modify booster shot formulas.
“The COVID-19 pandemic has so far killed at least 15 million people globally
/3 and caused chronic cardiovascular, lung, blood, and neurological complications in many more. It will not be over until we can prevent new variants of the virus from emerging,” said Garvan’s Professor Chris Goodnow, Chief Investigator of this research and Director of UNSW’s
Quick thread on the PM's comments about abuse of the Notwithstanding Clause used by Provincial Premiers to pass bills and laws that are in effect against the Charter of Rights and Freedoms.
The original idea for the clause was brought forward by Peter Lougheed - Canadian/1
/2 Lawyer and Conservative Party Politician who served as the tenth premier of Alberta from 1971 to 1985. The Clause was an apparent compromise reached during a debate over the new constitution in 1980. The Provinces complaint was that the Powers of the
/3 Charter of Rights and Freedoms shifted power from elected officials to the judiciary, giving the courts the final word. In Section 33 - it gives the Provincial legislators more leverage to pass laws. The PM at the time PM Pierre Trudeau strongly objected and was pressured