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Hong Kong protest against quarantine facilities turns violent

(Bloomberg) — A protest against a Hong Kong government plan to use a new and unoccupied public housing estate as a possible coronavirus quarantine facility turned violent as demonstrators set fires and destroyed some property. A group of masked protesters initially barricaded a road in the Fanling district to object to a proposal to use […]

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Scotiabank sees more room to grow within the domestic banking sector as it works to protect its home base

The Bank of Nova Scotia is forecasting favourable conditions for the domestic banking industry, and the lender is prepared to try to take more market share from its rivals in certain areas. A relatively low likelihood of recession, strong population growth fuelled by immigration and solid employment figures were among the positives cited by Scotiabank’s […]

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Sikorsky, Rheinmetall submit proposal for Germany’s new heavy lift helicopter – Defence Blog

Sikorsky, a Lockheed Martin company (NYSE: LMT), and Rheinmetall representing the German industry team, submitted the bid for the production and operation of theSikorsky CH-53K(“King Stallion”) as the Bundeswehr’s new heavy-lift transport helicopter for its “Schwerer Transporthubschrauber” (STH) program. “Our entire team is pleased to offer the CH-53K: the most efficient, capable and intelligent helicopter […]

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Iran to Canada: If you think we shot down Flight 752, prove it

Iran called on Western governments to prove claims the Boeing Co. 737-800 passenger jet that crashed near Tehran on Wednesday was shot down, intensifying a standoff that could complicate an already difficult investigation fraught with geopolitical hurdles. Iran’s civil aviation chief Ali Abedzadeh in Tehran. IRAN PRESS / AFP Ali Abedzadeh, the head of Iran’s […]

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Alberta risks ‘double jeopardy’ if it exits Canada Pension Plan, leading expert warns

One of Canada’s leading pension experts is warning Albertans to consider the “double jeopardy” of falling contributions and investment asset values they might be subjecting future generations to if they replace the Canada Pension Plan with a provincial alternative. In a report published on Wednesday, Keith Ambachtsheer, president of KPA Advisory Services and director emeritus […]

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USA

U.S. Navy confirms “harassed” of its aircraft carrier by Iranian vessels – Defence Blog

The U.S. Navy has confirmed that the Nimitz-class aircraft carrier USS Abraham Lincoln (CVN 72) was “harassed” by multiple Iranian vessels during transit of Strait of Hormuz earlier this month. The publication War Zone confirmed Friday that the group of Iranian Revolutionary Guard (IRGC) small craft followed the U.S. Navy Carrier Strike Group out of the […]

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Mike Pompeo says U.S. standing with Canada on ‘coercive detentions’ of Canadians in China

OTTAWA — U.S. Secretary of State Mike Pompeo says his country is sticking with Canada in fighting what he calls China’s “coercive detentions of Canadian citizens.” Pompeo and Foreign Affairs Minister Francois-Philippe Champagne spoke Monday about a range of global concerns, including China, the ongoing crisis in Venezuela, and the United States’ upcoming presidency of […]

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Canadian Economy
Economy
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Red flags on Canadian economy abound, but it might be too soon to sound the alarm

The Canadian economy is labouring. Statistics Canada on Dec. 23 reported that gross domestic product dropped 0.1 per cent in October, the first decline in eight months. Last week, it observed a drop in sales at retailers, wholesalers and factories. And the agency’s latest inflation report showed that the average of the Bank of Canada’s […]

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Lockheed Martin to increase production of new Joint Air-to-Ground Missiles – Defence Blog

Pentagon’s No.1 weapons supplier Lockheed Martin Corp will increase the Joint Air-to-Ground Missile production, according to the recent award of the U.S. Army Contracting Command. The U.S. Department of Defense announced on Friday a $15,5 million modification to the previously awarded contract for the Joint Air-to-Ground Missile, or also know as JAGM, production line for […]

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North Korea Nuclear Test
World

North Korea conducts new test at rocket site, aims to ‘overpower U.S. nuclear threats’

SEOUL — North Korea said it had successfully conducted another test at a satellite launch site, the latest in a string of developments aimed at “restraining and overpowering the nuclear threat of the U.S.,” state news agency KCNA reported on Saturday. The test was conducted on Friday at the Sohae satellite launch site, KCNA said, […]

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