Good evening, Let’s start with today’s top news:
As Russia’s invasion of Ukraine enters its third month, Canada’s government says it plans to give itself the power to sell foreign assets seized by sanctions and hand them over to affected victims or pay to rebuild countries devastated by the warning. reports Steven Chase.
This could mean that funds or property seized from Russia could be paid out to help rebuild Ukraine or to compensate those affected by the Moscow invasion.
The change would make Canada’s sanctions laws the first among the Group of Seven countries to allow this course of action.
Meanwhile, Russian oligarch Igor Makaro recently avoided Canadian sanctions by selling a $121.5 million stake in oil and gas producer Spartan Delta Corp. just days before he came under fire from Ottawa. Makaro’s move demonstrates the difficulties governments face in trying to influence Russian policy with sanctions, experts say.
As the conflict in Europe continues, the United States announced it would send more heavy weapons to Ukraine during talks at a German airbase on Tuesday.
Read more:
Ryerson to be called Metropolitan University of Toronto after board approves name change
Ryerson University will change its name to Metropolitan University of Toronto following approval by the institution’s board of governors at a meeting Tuesday afternoon.
The Toronto Metropolitan name was recommended by Ryerson President Mohamed Lachemi from a short list developed by a committee of faculty, administrators, students, and alumni.
The process to change the school’s name began last year after a task force examined the legacy of the university’s namesake, 19th-century educational reformer Egerton Ryerson.
Because of Ryerson’s connection to the establishment of residential schools in Canada, the task force decided that his name had been linked for many people to a system that has been called an act of cultural genocide, because it forcibly separated children indigenous of their families.
The new name, says Dr. Lachemi, reflects the wishes of community members who said they wanted to highlight the university’s location and values.
Doubts remain over whether Elon Musk can deliver on his vision for Twitter after the deal
Elon Musk’s vision for improving the 16-year-old company is largely based on a commitment to making expression “as free as reasonably possible” on the platform. While some celebrate that vision, others worry that Musk’s leadership will encourage agitators who spout hate and harmful content, making the platform too toxic for advertisers and average users.
Musk hasn’t offered much assurance on that front, and experts who have studied content moderation and investigated Twitter for years have expressed doubt that Musk knows exactly what he’s getting himself into.
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ALSO ON OUR RADAR
Analysis: Why is Germany looking for hydrogen in Canada? Hydrogen is where Germany is pinning hopes for both long-term energy security and the transition to a greener economy. The country will not be able to produce enough on its own and is eyeing what it sees as potentially abundant Canadian supply.
The Royal Itinerary: Prince Charles and his wife Camilla will visit St. John’s, Ottawa and the Yellowknife area when they come to Canada in May for a trip filled with military ceremonies and meetings with indigenous communities.
Can Canada Compete in the Battery Metal Industry?: Despite great strides in the metal battery industry, Canada lacks much of the infrastructure it would need to compete with the world’s battery giants, writes Niall McGee.
Air Canada revenue more than triples: The airline reported first-quarter financial results on Tuesday, saying revenue rose to $2.6 billion from $729 million in the same period in 2021, as passengers resumed flights, albeit in smaller numbers than in days prior to the pandemic.
Danger! champion Mattea Roach makes her family proud: Toronto-based tutor Mattea Roach kept her streak going last night, the eighth longest on “Jeopardy!” history, putting her one step closer to climbing the ranks of quiz show’s all-time greats.
MARKET WATCH
North American stock markets closed sharply lower on Tuesday, with the Nasdaq closing at its lowest level since December 2020, as investors worried about slowing global growth and a more aggressive Federal Reserve.
The Dow Jones Industrial Average fell 809.28 points, or 2.38%, to close at 33,240.18 points, while the S&P 500 fell 120.92 points, or 2.81%, to 4,175.2.
The Nasdaq Composite fell 514.11 points, or 3.95%, to 12,490.74.
The benchmark Canadian stock index was dragged down by selling, falling for a fifth day in a row and hitting its lowest level in nearly three months. The S&P/TSX Composite Index closed down 321.08 points, or 1.5%, at 20,690.81.
The Canadian dollar traded 0.6% lower at 1.2805 per dollar, or 78.09 US cents, after hitting its weakest level since March 15 at 1.2827. It was the fourth day in a row that the Canadian dollar lost ground.
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SPEECH POINTS
BC First Nations court case could be a game changer for Canada
“Canadians should closely monitor the Nuchatlaht trial as it could represent the first chip in the dominoes game for Aboriginal rights. Court recognition of indigenous title and empowerment of First Nations governments would have national repercussions.” – Ken Coates
Canada has an important role to play in advancing global equity in COVID-19 vaccines
“As the Canadian government has repeatedly stated, this crisis is not over anywhere until it is over everywhere. It is time we back up the words with the required action.” – Stan Houston and Stephanie Yanow
‘Disease X’ is inevitable. Another global pandemic is not
“While there will always be an element of unpredictability when dealing with disease outbreaks, let us take ownership of what is within our control and what we can predict through a new pandemic treaty. There will be no excuses next time.” – kim campbell
LIVE BETTER
How important are warm-ups and cool-downs when it comes to exercising? And what makes a good one? In theory, raising the temperature of your muscles should offer many benefits, improving blood flow and oxygen delivery to enhance your performance. But more is not always better. Warm-ups can be helpful, but they can also burn off valuable energy that you’ll need later on. Alex Hutchinson shares how to find the right balance.
TODAY’S LONG READ
This fishing captain combines Inuit knowledge with scientific expertise to fight climate change in the Far North
Sea ice begins to break off the coast of Labrador, 2022Jamie Pye/The Balloon and the Mail
Inuit fishing captain Joey Angnatok is an important part of the global effort to monitor the effects of climate change in the Far North, which has been hit harder than the rest of the world by rising temperatures. He uses both a traditional Inuit spear and modern sensor technology to determine the thickness of the frozen ocean surface in Nunatsiavut, in the far northeast of Labrador. The shrinking measurement indicates the terrifying progress of climate change in the far north. In the off-season, when Angnatok isn’t fishing, he operates his 60-foot boat as a marine research vessel, working with scientists to collect data that helps with long-term monitoring of sea ice and wildlife trends. His Inuit knowledge and scientific skills buoyed many research projects that otherwise could not have continued during COVID-19. Read the full story about Angnatok and his work.
Evening Update is written by Prajakta Dhopade. If you would like to receive this newsletter by email every weekday evening, go to here register. If you have any comments, send us a Note.
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