Evening update: Celebrities including Drake join the Wealthsimal Financing Round, raising a $ 5-billion valuation; University of Alberta enforces close research relationship with China despite intelligence warnings


Evening, Let’s start with today’s top stories:

Latest COVID-19 Events: LTC Minister of Ontario, Province Expanding Vaccine Eligibility Promises Changes and More

Vaccination update: In Ontario, people 18 or older living in 114 hot-spot neighborhoods were able to start booking early this morning. Health Minister Christine Elliott says that despite the frustrations reported by some social media users, more than 73,000 appointments were made by midmorning. He also said that it is expected that the supply of additional vaccine could reduce the gap of four months between the first and second shots in the province.

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Meanwhile, Québakers aged 45 became eligible today to book vaccine appointments, as public health orders were relaxed in some cities, including Montreal. And Manitoba has expanded its program to include all Indigenous adults.

You can find out if you or loved ones are eligible to be vaccinated here with our province-by-province interpreter.

LTCs: Ontario Long-Term Care Minister Marile Fullerton is promising to adopt several recommendations made by an independent commission that investigated the devastating effects of coronoviruses on the province’s nursing homes.

Fullerton said she urges every LTC home operator to provide consulting services for residents and employees. She also indicated that some restrictions on residents, who remain confined to their rooms for extended periods of time without entertainment programs or family visits, are about to expire.

opinion: Long-term care fixing in Ontario is looking increasingly disheartening Andre Picard

Alberta Clergy Test: The trial of James Coats, pastor of Edmonton-area GraceLife Church, who is accused of violating the Public Health Act, began today. Officials say their services have ignored measures on capacity limitations, physical disturbances and masking. You can read more of this story and other COVID-19 news here today.

Read more:

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  • Relatively low COVID-19 cases were reported after receiving the first vaccine dose, data show
  • Canada may avoid vaccine delivery rather than launch initial global sharing
  • Alberta ‘no more lockdown’ held despite rodeo restrictions, sky-high case counts

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Wealthsimple announced financing of $ 750 million from investor group including Drake, Ryan Reynolds

Some of Canada’s best-known celebrities have joined a landmark financing for online Canadian bank challenger Wealthsimple Technologies, which today announced a $ 750 million deal backed by some of Silicon Valley’s major venture funds. Drake, Michael J. In this deal. Celebrities like Fox and Ryan Reynolds are also involved.

The announcement confirmed several details previously stated by the Globe. The $ 5-billion funding is valued at Wealthsimal, making the Toronto-based online bank one of Canada’s most valuable private technology companies.

University of Alberta conducts close research with China despite intelligence agencies warning

The University of Alberta is pursuing extensive scientific collaboration with China that includes sharing and transferring research in strategically important areas such as nanotechnology, biotechnology and artificial intelligence. In some cases, professors and researchers have set up companies in joint ventures with Chinese companies and state institutions to commercialize Canadian-developed technology.

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The university declined to discuss its research activities with China, stating that “we have not received any instructions related to China” asking the federal government to stop its relations with Chinese institutions.

The Canadian Security Intelligence Service and US intelligence agencies have warned that Chinese companies and academics are being forced to work with Western researchers along China’s military, security and industrial systems.

Canadian house prices out of control due to real estate sales strategy under fire

Blind bidding, in which potential home buyers don’t know what their contestants are offering and winners often blow their budgets And the second largest bid, is being blamed for raising prices. So there is the practice of artificially setting a lower price, increasing the number of bids and pumping the offer price to attract a crowd of hopeful buyers. Economists – and even realtors – are calling for reform.

More from our real estate chain:

  • Canada’s housing market is hurting your brain, but you don’t have to lose your head over it
  • Wagons East: Meet Homeowners Driving a Real Estate Exodus in Atlantic Canada
  • Opinion: TDSB has a huge amount of real estate and plans to fix it. But is this enough? Alex Bozikovic

Also on our radar

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Award for Vanderclipp of the Globe: The Globe and Mail’s Asia correspondent Nathan Vanderklype has been awarded a Press Freedom Award for his work covering the treatment of China’s Uyghur minority. He shared the award with Sarah Cox of Narwal for coverage of the site C hydroelectric project in British Columbia.

Buffett’s Canadian heir apparent: Warren Buffett today ended long-running speculation about his successor at Berkshire Hathaway, saying Edmonton-born Greg Abell, who oversees his non-insurance businesses, would be chief executive if he was not in charge. Used to be an officer. You can attend the weekend virtual annual meeting of Berkshire here, the return of Robinhood to Buffett’s comments and the headwinds facing the company here.

Mike Wier wins golf tournament: Canadian Masters champion Mike Weir won his first PGA Tour Champions event yesterday, when he narrowed the stretch at the Inspirit Invitational. It was his first win on any tour since 2007.

RIP Bobby Unser: Bobby Unser, a three-time Indianapolis 500 winner and the only pair of brothers to win “the greatest spectacle in racing”, has died at 87.

Market inspection

The TSX, S&P 500 and the Dow index largely ended higher today amid a rapid earnings season, while Nasdaq came under pressure from a drop in some high-flying growth stocks as the cyclical and “reopening” “The rotation in stocks continued.

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The Dow Jones Industrial Average rose 238.38 points, or 0.7 percent, to 34,113.23, the S&P 500 climbed 11.49 points, or 0.27 percent, to 4,192.66, and the Nasdaq Composite gained 67.55 points, or 0.48 percent, to close at 13,895.12.

The Toronto Stock Exchange’s S&P / TSX Composite Index gained 104.83 points, or 0.55 percent, to close at 19,213.16.

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Topic of discussion

Ottawa’s squeeze is to bring all provinces into its childcare plan

“This means that some provinces will quickly see a deep cut in child care fees starting next year, with a promise that their constituents will. Premaks who do not sign up will be surprised if they miss out. ” Campbell Clarke

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Old Trafford football ‘riot’ marks new phase of unrest

“This is a movement against internationalism. It is well beyond who bought the final transfer window. This struggle is economic, political and philosophical. This is some highly flammable stuff. And the message delivery system – football – is translated into every language. ” Kaithal Kelly

Better living

In his first-person essay, Eric Bombicino paid tribute to his 95-year-old Nono, who taught him a lot about how to live, even in his final weeks together: “I realize now I More than that was to gain their relationship. They taught me how to be vulnerable – and how to love good without fear. … Find the big people in your life and befriend them. you will not regret it.”

Today’s long term

Do not expect the epidemic’s dramatic remote-work shift to be permanent

Open this photo in gallery

Recently sold a home in Picton, Ontar.

Fred Lum / The Globe and Mail

The dunes and vineyards of Prince Edward County have attracted Toronto weekends for decades. Sharon Armitage has often been his real estate agent. He sold to political pundit David Frum and toilet writer Jamie Kennedy.

But it has seen nothing like the “avalanche” of the townspeople in the last 12 months. It is not just wine moguls (“grapes”) or wealthy retirees any more. Young families who can work remotely during the epidemic have skyrocketed prices by more than 30 percent since last year.

Now the question is whether a flight from cities, and a new favorite princess will see a similar real estate boom. As vaccination brings Canada closer to the end of the epidemic, despite a crushing third wave, some economists and urbanites are skeptical. They believe that we have already reached the high-water mark of remote work and with the reopening of the office some snap back is unavoidable and people miss the aftermath of urban living. Eric Andrew-Gee Read Full story here.

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