42 Million to Help Unemployed Older Workers

first_imgHundreds of Nova Scotia’s unemployed older workers will continue to benefit from programming that will help them build skills and find work. The Department of Labour and Workforce Development, in partnership with the federal government, will continue to offer programming under the Targeted Initiative for Older Workers after a three-year funding extension of $4.2 million. Since 2007, 23 projects helped close to 300 older workers in Nova Scotia. More than 40 per cent of participants gained employment, or started or are starting their own business. Dozens of other participants are pursuing further training or have gained skills to help them seek employment. Stuart Gourley, senior executive director of the Skills and Learning Branch of the Department of Labour and Workforce Development, said Nova Scotia’s population is aging quicker than any other jurisdiction in the country. “We can not overlook the wealth of skill and knowledge older workers bring to the workforce in this province,” he said. “This funding will allow organizations to keep helping these workers so they have the tools they need to continue to make important contributions in their communities.” The three-year extension of the Targeted Initiative for Older Workers includes a $90-million federal commitment for program delivery for Canada’s older workers. Under this initiative, the provinces and territories that choose to participate identify territories and communities that have been, or could be, affected by closures or downsizing and work with community organizations to develop projects. Unemployed Nova Scotians can qualify for older workers programming if they are between 55 and 64 years old, are legally entitled to work in Canada, lack skills to move into new employment and live in a community that has been, or could be, affected by closures or downsizing. “This program allowed me to capitalize on the skills I already had, and helped me learn new things along the way,” said Pat MacIsaac, a Richmond County program participant. Skills learned through the program Ms. MacIsaac to begin a new phase of her career in the real estate industry. A call for proposals was released May 16. Organizations who support older workers are encouraged to apply for funding. For more information, visit www.olderworker.ca .last_img read more

Glenda Jackson to return to TV after 25 years with Elizabeth is

first_imgLondon: Veteran actor Glenda Jackson is set to return to television after a gap of 25 years with BBC One’s “Elizabeth is Missing”. The show is adapted from Emma Healey’s bestselling novel of the same name, reported BBC. The one-off featuring length episode will see Jackson star as Maud, an elderly woman suffering from dementia who is trying to find her best friend Elizabeth. “Emma’s novel and Andrea’s screenplay paint the most striking portrait of a woman in the grip of a devastating condition. I am delighted to be making my return to television to play Maud, a character it’s impossible not to be charmed and moved by,” Jackson said in a statement. Healey also expressed her excitement over Jackson’s casting in the project. “Absolutely thrilled. Amazing actress, amazing script, can’t wait to see the adaptation. Honoured that it’s Maud who will bring Glenda Jackson back onto our TVs,” she posted on Twitter. The one-off feature length drama is adapted by writer Andrea Gibb and will soon begin filming in Scotland.last_img read more

TSX surges as buyers survey oversold market look for beatendown stocks

TORONTO — The Toronto stock market registered a strong, triple-digit advance Tuesday as buyers bought up stocks that suffered during a fall sell-off that had left the TSX barely in positive territory for the year.[np_storybar title=”Oil prices are now unsustainably low: So where do we go from here?” link=”https://business.financialpost.com/2014/12/16/oil-prices-are-now-unsustainably-low-so-where-do-we-go-from-here/?__lsa=5799-c8c0″%5DBillions of dollars of capital expenditure projects have been or will be postponed by the major international oil companies, independents and shale producers, which, if they all remained canceled, would generate an enormous shortfall in oil supplies by the end of the decade. Keep reading. [/np_storybar]However, a wave of caution set in late in the trading day and the S&P/TSX composite index closed well off session highs, coming down from a 352-point surge to move up 156.38 points to 13,861.52.The energy sector was the biggest advancer by far, rising six per cent as oil prices had a rare positive day despite weak Chinese manufacturing data and as traders considered the effect of a desperate move by Russia’s central bank to halt the plunge of the ruble.The January crude contract in New York finished higher after four consecutive losing sessions had pushed crude down more than 12%. On Tuesday, oil edged up two cents to US$55.91 a barrel.Outside the resource sector, financials made a major contribution to the positive session on the TSX, up 0.78% while industrials gained 1.57%.“The Canadian market is oversold, oil prices of course have been in free fall and they continue to fall today — everyone seems to be trying to pick a bottom,” said Himalaya Jain, a portfolio manager at ScotiaMcLeod.“There’s no question that there are some very good opportunities right now in the Canadian energy sector. But the question is, do they go lower first and then eventually go higher or is this the bottom? And that’s not something that anybody, even the people buying today, can answer.”Oil prices have collapsed since mid-summer, down about 50% amid a huge imbalance of supply and demand. Demand concerns were at the forefront earlier in the day after HSBC said its manufacturing purchasing managers index for China slipped 0.5 points to a seven-month low of 49.5.Talisman Energy (TSX:TLM) made a big contribution to the energy sector’s gain. Its shares rocketed 48 per cent to $8.84 as Spanish energy giant Repsol said that it will pay US$8.3 billion for all the shares of the Calgary-based company, or US$8 per share (C$9.33). Including assumed debt, the deal values Talisman at US$13 billion.Oil bust veterans buckle down for storm that shale-boom rookies don’t even see comingOil falls below US$59 a barrel for the first time since May 2009The Canadian dollar was ahead 0.15 of a cent at 85.94 cents US.New York markets retreated with the Dow industrials down 111.97 points to 17,068.87, the Nasdaq off 57.33 points at 4,547.83 and the S&P 500 index 16.89 points lower at 1,972.74.Also focusing financial markets Tuesday was a surprise move by Russia’s central bank, which hiked its key interest rate to 17% from 10.5 per cent in a move to prop up the ruble, which has lost half of its value this year, in large part because of western sanctions and plunging oil prices.It’s the central bank’s biggest interest rate hike since 1998, a year when Russia defaulted on its sovereign bonds. But the move was in vain as the ruble lost further ground against the greenback.In other news from the oilpatch, Encana (TSX:ECA) is bucking a trend that has seen several energy companies lower their capital expenditure forecasts. The Calgary-based company it is budgeting between $2.7 billion and $2.9 billion for capital spending next year, up from its 2014 estimate of between $2.5 billion and $2.6 billion this year. Encana shares gained $1 or 7.4% to $14.53.Elsewhere on the TSX, the base metals sector erased early advances to move down 0.8 per cent as March copper dipped two cents to US$2.86 a pound.The gold sector faded about 1.75% as early gains in bullion evaporated with February gold down $13.40 to US$1,194.30 an ounce a day ahead of the release of the U.S. Federal Reserve’s latest announcement on interest rates. read more