Top Business Headlines
 

June 19, 2021

 
 
Top news
 
‘It’s an extreme situation’: Low water levels on St. Lawrence River add to already high shipping rates for companies
 

Christinne Muschi/The Globe and Mail

  ‘It’s an extreme situation’: Low water levels on St. Lawrence River add to already high shipping rates for companies
 

Nicolas Van Praet and Eric Atkins

Falling water levels on the St. Lawrence River has prompted marine shipping companies to impose special fees on cargo, adding to the pain of Canadian companies already being hit by record transportation costs amid supply chain chaos.
 
Shipping lines apply the surcharges occasionally when water is low because the situation forces them to lighten their vessels’ loads. Fewer containers on each ship means they make less money with each shipment, and they try to counter that with a fee.
 
 
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Editor's picks
 
Brookfield again revises hostile takeover bid for Inter Pipeline, includes all-cash option
 

JASON FRANSON/The Canadian Press

  Brookfield again revises hostile takeover bid for Inter Pipeline, includes all-cash option
 

Tim Kiladze

 
Full Story
 
In Canada’s K-shaped recession, education levels divide the labour market
 

Nathan Denette/The Canadian Press

  In Canada’s K-shaped recession, education levels divide the labour market
 

Patrick Brethour

 
Full Story
 
Amid rising inflation, should mortgage shoppers go fixed or variable? Maybe they don’t have to choose
 

Tijana Martin/The Globe and Mail

  Amid rising inflation, should mortgage shoppers go fixed or variable? Maybe they don’t have to choose
 

Robert McLister

 
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Latest posted news
 
  Ottawa’s policy shifts on coal, rejection of Grassy Mountains proposal the death knell for industry
 
Full Story
 
  After hitting dizzying heights, year-long lumber rally unravels
 
Full Story
 
  Pembina wasn’t interested in buying Trans Mountain pipeline. Why joining forces with an Indigenous group changed all that
 
Full Story
 
 
Opinion
 
  No more masks: Israel returning to normal after one of the world’s most successful COVID-19 vaccination campaigns
 

Eric Reguly

 
European bureau chief
Ever since the European pandemic broke out in Italy in February, 2020, I have not gone outside once in Rome, where I live, without a mask. After a few days, putting one on became automatic: keys, wallet, mask.
 
Two weeks ago, I went to Israel – my first trip outside Italy in a year and a half – and my mask habit made me feel like a weirdo. Almost no one in Jerusalem, where I had rented an apartment, was wearing a mask. And the few who did, I presumed, had not been vaccinated – though almost two-thirds of the population had been. The indoor mask rule was still in place but widely ignored.
 
 
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From energy and resources
 
  Just Energy hopes to recover $100-million in costs related to Texas winter storm under relief bill
 
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From financial services
 
  U.S. banks ready to start limiting balance sheet growth: Fed survey
 
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Globe Investor
 
  CI Financial’s Bill Holland is buying the stock’s rally
 
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From economy
 
Canadian dollar falls for fourth week on Fed ‘shock waves’
 
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From technology, telecom and media
 
  Google’s adtech business set to face formal EU probe by year-end, sources say
 
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From small business
 
Fitness industry joins hybrid trend with blended virtual-physical
 
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From careers
 
  Canada’s growing pool of gig workers among the world’s highest paid, new data suggests
 
Full Story
 
 
In case you missed it
 
For David Rosenberg, inflation jitters will turn into deflation fear by year-end
 

Christopher Katsarov/The Globe and Mail

  For David Rosenberg, inflation jitters will turn into deflation fear by year-end
 

David Parkinson

 
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