Latest / VOCM On Demand / VOCM News Afternoon Update October 16th

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VOCM News Afternoon Update October 16th · VOCM On Demand

• 0:05
  Speaker 1: I'm Sarah Strickland. The provincial government is still mulling over
• 0:09
  Speaker 1: whether to take an equity stake in the Beta Nord project.
• 0:12
  Speaker 1: Last week, it was announced that Shell has purchased 30%
• 0:16
  Speaker 1: of the proposed project. Equinor is the majority stakeholder at 70%.
• 0:21
  Speaker 1: A final investment decision is due next year. Premier Tony
• 0:25
  Speaker 1: Wakeham says internal conversations are happening on the province potentially
• 0:29
  Speaker 1: taking an equity stake in the project.
• 0:32
  Speaker 2: We're actually going through that review right now, so I'm
• 0:34
  Speaker 2: looking forward to getting the recommendations, bringing forward to hearing
• 0:38
  Speaker 2: back from Mines and Energy and Oil Co. about what
• 0:40
  Speaker 2: their recommendations will be.
• 0:42
  Speaker 1: A federal cabinet minister and local MP is responding to
• 0:46
  Speaker 1: criticism from labor leaders that she has not met with
• 0:49
  Speaker 1: them regarding their concerns around how Bill C-39 could impact
• 0:53
  Speaker 1: workers' right to strike. One aspect of the omnibus bill
• 0:57
  Speaker 1: is that it would give the minister the power to
• 0:59
  Speaker 1: end a strike if it is deemed to adversely affect
• 1:03
  Speaker 1: national interests. Yesterday, the Federation of Labor and other groups
• 1:06
  Speaker 1: rallied outside the constituency office of Joanne Thompson, who is
• 1:10
  Speaker 1: the federal fisheries minister. They say Thompson has not met
• 1:13
  Speaker 1: with labor representatives about the bill, despite repeated requests. Thompson
• 1:18
  Speaker 1: says she has been in touch with the group, but
• 1:21
  Speaker 1: she has not been in the province a lot to
• 1:23
  Speaker 1: be able to meet with them.
• 1:25
  Speaker 2: I've been on the road a lot. I've been in Ottawa.
• 1:27
  Speaker 2: And so I just it was not physically home to
• 1:30
  Speaker 2: be able to meet. I take meetings with people. That
• 1:33
  Speaker 2: is never an issue. And I look forward to meeting
• 1:36
  Speaker 2: with them. And I think it's important that, you know,
• 1:39
  Speaker 2: we have that opportunity to really move some of the
• 1:43
  Speaker 2: fears aside and really look at how important it is
• 1:45
  Speaker 2: for us to continue to support our workers. So having
• 1:50
  Speaker 2: the meeting is not an issue. I just need to
• 1:52
  Speaker 2: get home again.
• 1:53
  Speaker 1: Three people are dead and others are hurt after a
• 1:56
  Speaker 1: Calgary transit bus triggered a chain reaction crash involving eight vehicles.
• 2:02
  Speaker 1: A natural gas-powered bus exploded, sending a fireball into the
• 2:06
  Speaker 1: area before emergency crews put out the flames. An investigation
• 2:10
  Speaker 1: is underway to find out what caused the crash. The
• 2:14
  Speaker 1: Bank of Canada will pour over next week's inflation data
• 2:17
  Speaker 1: as it prepares for what could be a significant interest
• 2:20
  Speaker 1: rate decision near month's end. Stats Canada will release the
• 2:23
  Speaker 1: September inflation report on Monday, giving the central bank a
• 2:26
  Speaker 1: chance to see how higher gas prices are affecting other
• 2:30
  Speaker 1: consumers' costs. Rob Westgate has more.
• 2:32
  Speaker 3: RBC Assistant Chief Economist Nathan Jansen says inflation alone might
• 2:37
  Speaker 3: not be convincing enough to trigger a rate hike. Financial
• 2:40
  Speaker 3: market odds for an interest rate hike fell last week
• 2:43
  Speaker 3: after Statistics Canada's numbers last month showed the country's economy
• 2:47
  Speaker 3: lost 78,000 jobs.
• 2:50
  Speaker 1: There's been a recall on some common fixtures in the
• 2:52
  Speaker 1: medicine cabinet. Health Canada has recalled Flintstones vitamins, Claritin allergy tablets,
• 2:58
  Speaker 1: and Aleve 200 milligram caplets. The recall is because some
• 3:02
  Speaker 1: medications that were returned by customers accidentally ended up back
• 3:06
  Speaker 1: in distribution. People can check the lot numbers on the
• 3:09
  Speaker 1: affected products by going to Health Canada's website. That's your news.
• 3:13
  Speaker 1: I'm Sarah Strickland.