Topic Supply Chain
How war in Ukraine may impact business loss claims
March 25, 2022 by Philip PoradoCanada’s insurers are in a bit of a holding pattern about how war in Ukraine may drive claims activity among businesses with ties to the region. Canadian Underwriter contacted numerous insurers and the consensus on any changes to claims and…
Bank of Canada says near-term inflation higher amid Ukraine war
March 25, 2022 by The Canadian PressOTTAWA – The Russian invasion of Ukraine is adding to inflationary pressures around the world and in Canada, a senior Bank of Canada official said Friday. In a speech by webcast to a conference at the U.S. Federal Reserve Bank…
Container ship the size of two football fields adrift off N.L., says coast guard
March 10, 2022 by The Canadian PressST. JOHN’S, N.L. – The Canadian Coast Guard says a container ship the length of two football fields is adrift off the west coast of Newfoundland. The agency said in an email Wednesday the 265-metre-long MSC Kim reported engine problems…
How supply chain back-ups are contributing to cargo theft
March 9, 2022 by Jason ContantSupply chain disruptions and back-ups due to COVID-19 and other factors (such as a shortage of drivers or trucks to deliver product) are contributing to concerns around cargo theft, a transportation industry expert says. “When you have more [cargo] that’s…
Poilievre promises to build more pipelines, remove oil tanker ban in northern B.C.
March 4, 2022 by The Canadian PressREGINA – Ottawa-area MP Pierre Poilievre says he would repeal what he calls Prime Minister Justin Trudeau’s “anti-energy” laws if he becomes the next leader of the Conservatives. Pierre told a campaign stop in Regina that if he becomes party…
Canada has existing options if Line 5 shuts down, environmental report argues
February 17, 2022 by James McCarten - THE CANADIAN PRESSWASHINGTON – Viable alternatives to Line 5 already exist if the controversial cross-border pipeline gets shut down, says a new report from a Canadian environmental group looking to bridge the ideological gulf in the public debate over North America’s continuing…
Indemnities can significantly increase the risk to your client
February 1, 2022 by Michael CareyCorporations are increasingly using standard form agreements to conduct business with suppliers. If your client is faced with one, watch out for the inclusion of an unlimited indemnity. A standard form agreement provides several benefits to the corporation that drafts…
Omicron variant raises uncertainty as companies downgrade forecasts
February 1, 2022 by Christopher Reynolds - THE CANADIAN PRESSThe highly transmissible Omicron variant has prompted companies in the manufacturing and resource sectors to downgrade their earnings forecasts amid ongoing uncertainty linked to the COVID-19 pandemic. Cascades Inc., the Quebec-based packaging and tissue company, said Monday it expects fourth-quarter…
Returning to COVID-vacated offices comes with challenges
January 26, 2022 by Mark CammisuliHumans weren’t the only ones impacted by the pandemic. The buildings in which we work and live have been subjected to some neglect and we are likely to start seeing the effects of this as we return to our pre-pandemic…
Bank of Canada keeps key interest rate target on hold, but warns of looming hikes
January 26, 2022 by Jordan Press - THE CANADIAN PRESSOTTAWA – The Bank of Canada is keeping its key interest rate target on hold at 0.25 per cent, but warning it won’t stay there for much longer. The trendsetting rate has been at its rock-bottom level since March 2020…
Annual inflation rate hits 30-year high, upping pressure on Bank of Canada
January 19, 2022 by Jordan Press - THE CANADIAN PRESSOTTAWA – Headline inflation in Canada hit a 30-year high at the end 2021 with warnings from economists that the pace of price increases could rise even higher and stirring expectations of a central bank response before the month is…
Truckers say vaccine requirement for crossing border will exact economic toll
January 12, 2022 by Christopher Reynolds - THE CANADIAN PRESSMONTREAL – Truckers are warning that a Jan. 15 deadline requiring them to be vaccinated in order to enter Canada will put additional strain on supply chains amid the latest COVID-19 surge and severe worker shortages. As of Saturday, truck…