Grim reaper – mackaycartoons

Saturday November 18, 2023

November 18, 2023 by Graeme MacKay

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Saturday November 18, 2023

Grey Cup Fever: A Welcome Escape from November’s Gloom”

September 8, 2020

As the chill of November settles in, bringing with it the gloom of dreary weather and the weight of troubling news, Canadians find solace and excitement in the arrival of the Canadian Football League’s (CFL) Grey Cup. The coveted trophy has made its way to Hamilton, setting the stage for the championship clash between Winnipeg and Montreal on Sunday, Nov. 19.

In a time when headlines are dominated by war, inflation, conflict, and a cost of living crisis, the Grey Cup festivities offer a much-needed diversion. The city of Hamilton is gearing up for a week-long celebration, with events scattered across town, promising entertainment and joy for everyone.

While the Hamilton Tiger-Cats won’t be vying for the 110th Grey Cup after being eliminated by Montreal, the game on Sunday is just one part of the spectacle. The CFL has orchestrated a series of events, many of which are free, ensuring that the entire community can join in on the excitement.

Analysis: Negativity drives online news consumption

June 17, 2023

The festivities kick off with the Grey Cup’s grand entrance on His Majesty’s Canadian Ship (HMCS) Harry DeWolf. Although the ship’s arrival is exclusive to the media, the official Grey Cup arrival ceremony, set against the backdrop of the Arctic-defending vessel, is open to all onlookers at HMCS Star Naval Reserve Division.

One of the week’s highlights is the CFL Fan Central, reminiscent of the popular Supercrawl, taking over James Street N. from Thursday at 11 a.m. This event promises a vibrant atmosphere with a beer garden, food trucks, inflatables, a Christmas market, giveaways, games, and more.

For those seeking a taste of Calgary Stampede without leaving Hamilton, the Calgary Grey Cup Committee is hosting a free breakfast on James Street on Friday and Saturday from 11 a.m. to 1 p.m. Meanwhile, a community race involving 2,000 students will see them sprint from Gage Park to Tim Hortons Field, adding a touch of youthful enthusiasm to the festivities.

Music enthusiasts are in for a treat with the kickoff to the music festival on Thursday, featuring local talent like The Dirty Nil and Montreal’s NOBRO. The music festival, running from Friday to Saturday, promises a diverse lineup of performances, offering a respite from the anxieties of the outside world.

News: ‘It’s a big party’: Grey Cup Festival kicks off as game day nears

November 1, 2022

Beyond the game itself, fans have the opportunity to interact with CFL players, get autographs, and capture memorable moments with the Grey Cup at the Canadian Football League Players’ Association headquarters.

Even the annual Hamilton Santa Claus Parade is getting a Grey Cup twist, as CFL cheer teams and the trophy itself become part of the spectacle. As the parade weaves through the streets of downtown Hamilton, festival-themed giveaways will add an extra layer of cheer to the event.

Sports enthusiasts can head to the John Weir Foote Armoury on James Street N. to witness the Hamilton Flag Football Classic—a three-day tournament featuring teams from across southern Ontario and the chance to meet CFL alumni.

The week concludes with the CFL’s 2023 awards ceremony at the Fallsview Casino Resort in Niagara Falls, providing a glamorous setting for recognizing outstanding achievements in Canadian football.

In a world filled with uncertainties, the Grey Cup festivities serve as a welcome distraction, offering a chance for the community to come together, celebrate, and momentarily escape the weight of November’s gloom. So, as the Grey Cup takes center stage, let us embrace the joy it brings and revel in the shared experience of a much-needed diversion. (AI)

Thursday November 2, 2023

November 2, 2023 by Graeme MacKay

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Thursday November 2, 2023

Haunted by High-Interest: The Looming Spector of Canadian Mortgage Renewals

In the eerie aftermath of Halloween, a haunting spector looms over Canadian mortgage holders, threatening a grim future of financial distress. The dread doesn’t come from ghouls or ghosts but from the imminent renewal of mortgages, unleashing a chilling cascade of increased interest rates set to torment thousands.

August 29, 2023

Recent analyses by RBC reveal a daunting reality: more than $900 billion in mortgages within Canadian banks are slated for renewal over the next three years. This impending wave of renewals, as pointed out by RBC researchers led by analyst Darko Mihelic, spells potential financial peril for many homeowners. An alarming 60 per cent of mortgages in Canadian chartered banks are anticipated to undergo renewal by 2026. As fixed-rate mortgage terms established prior to the Bank of Canada’s interest rate hike in October undergo renewal, borrowers are slated to face staggering increases in their monthly payments, a significant burden detailed in the report titled “Canadian Banks: A Review of Mortgage Payment Shock.”

The report forewarns that unless interest rates experience substantial declines, credit losses are bound to surge, potentially peaking in 2025 and beyond. These credit losses are estimated as outstanding payments owed to companies, including mortgage defaults. Alarming as it is, this prediction aligns with the Office of the Superintendent of Financial Institutions’ directive to major banks to bolster reserves for potential debt defaults, nearly tripling the amount set aside for bad loans compared to the previous year.

News: About 60% of outstanding mortgages facing payment shock in next 3 years: RBC

July 18, 2023

While some industry experts like Carl De Souza, senior vice-president at DBRS Morningstar, express confidence in the resilience of major Canadian banks against mortgage defaults, the forthcoming surge in renewals poses a significant threat to banks’ profitability and homeowners’ financial stability. However, the report suggests that the impact of mortgage losses might be mitigated to some extent due to Canada’s relatively low unemployment rate, which remains below pre-pandemic levels.

Nevertheless, the impending renewals paint a stark picture for homeowners. Banks are exploring options to alleviate the impending financial shocks, including renegotiating mortgage terms from variable to fixed rates. Currently, more than half of Canadians opt for a three-year fixed-term mortgage, but the stark difference in interest rates from previous years is ominous. Rates for a three-year fixed-term mortgage have climbed substantially, with estimates indicating a potential surge from the comparatively lower rates of 2019 to an alarming 6 to 8 percent at renewal, spelling financial distress for borrowers.

The report predicts a staggering increase in payments at each milestone year. In 2024, more than $186 billion in mortgages will renew, signifying a 32 percent payment shock. By 2025 and 2026, the looming numbers continue to surge, with estimated renewals of $315 billion and $400 billion, respectively. Payments are expected to soar by 33 percent and a staggering 48 percent, respectively, on a weighted average basis.

News: As inflationary pressures grow, Canadians increasingly struggle to make monthly mortgage & credit card payments

May 13, 2010

Even if there’s a hopeful return of the Bank of Canada’s key interest rate to 0.25 percent by 2026, the projected increase in payments still stands at a significant 20 percent. RBC’s estimations suggest a potential return to a lower interest rate in the future, yet the haunting reality of surging payments remains a foreboding certainty.

The post-Halloween season brings no respite as the grim spector of mortgage renewals hangs ominously over Canadian homeowners. The alarming forecasts and stark statistics paint a chilling picture of financial turmoil, urging caution and preparedness to weather the impending storm of high-interest renewals. (AI)

Thursday January 19, 2023

January 19, 2023 by Graeme MacKay

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Thursday January 19, 2023

Health Canada recommends limiting alcohol to just 2 drinks per week

January 16, 2019

New alcohol guidelines recommending that Canadians limit themselves to just two drinks a week – and ideally cut alcohol altogether – have prompted intense debate over risk versus enjoyment in a country where the vast majority of adults regularly consume alcohol.

The Canadian Centre on Substance Use and Addiction (CCSA) this week called for a substantial reduction in consumption, warning that seemingly moderate drinking poses a number of serious health risks, including cancer, heart disease and stroke.

The new guidelines, funded by Health Canada, represent a dramatic shift from previous recommendations issued in 2011, when Canadians were told that low-risk consumption meant no more than 10 drinks a week for women and 15 drinks a week for men.

“We wanted to simply to present the evidence to the Canadian public, so they could reflect on their drinking and make informed decisions,” said Peter Butt, a professor of family medicine at the University of Saskatchewan and a member of the panel that drafted the guidelines. “It’s fundamentally based on the right to know.”

September 24, 2015

In its measurements, the CCSA considers a standard drink to be a 12oz (355ml) serving of 5%-alcohol beer, a 5oz (148ml) glass of 12%-alcohol wine or a shot glass of 40% spirits.

In the UK, the NHS recommends no more than six 6oz glasses of wine or six pints of 4% beer per week – ideally spread across three days or more. Health officials in the United States recommend no more than two drinks per day for men and only one for women.

But Canadian experts say that new research suggests three to six drinks a week should be considered moderate risk for both men and women, and seven or more drinks a week is high risk. In addition to elevated risk of colon and breast cancer, as well as heart disease and strokes, the CCSA also identified both injuries and violence as negative outcomes from drinking alcohol.

“This isn’t about prohibition. This is simply about reducing the amount one drinks,” said Butt.

The guidelines also warn that no amount of alcohol is safe when pregnant or trying to get pregnant. While abstinence during breastfeeding is the safest option, a standard drink occasionally does not significantly elevate risk.

June 26, 2009

The new guidelines were met with skepticism by some health experts.

“This type of research often marginalizes other considerations of health and wellbeing from alcohol,” said Dan Malleck, a professor of health sciences at Brock University.

“With their job as the Canadian Center on Substance Abuse and Addiction, there’s no space in there for considering there might be benefits. Their job is to find harm.”

Malleck described the guidelines as “irresponsible”, and said they risk creating “anxiety and stress” among Canadians who once saw themselves as moderate drinkers but now occupy a “high-risk” category.

“The research they’re using also ignores the enjoyment and pleasure and stress relief and collegiality associated with alcohol. None of those things are in the calculation whatsoever,” he said. “We aren’t just machines with inputs and output of chemicals or nutrition. We actually exist in a social space. And that has a significant impact on our health.”

Others, however, see the guidelines as an attempt to help Canadians better understand the realities of alcohol consumption. (The Guardian)

Saturday October 30, 2021

November 1, 2021 by Graeme MacKay

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Saturday October 30, 2021

COP26 climate talks off to an ominous start after weak G20 leaders’ meeting

It was in the city of Glasgow that Scottish engineer James Watt improved the workings of the steam engine and, unwittingly, kicked off the Industrial Revolution. Never could he have imagined that humans would burn so much coal, oil and gas over the next two centuries that they would imperil the very climate that has allowed for their existence.

June 6, 2007

More than 120 leaders will speak Monday in the very same city to begin the COP26 climate talks, where they will set the tone for two weeks of negotiations that can either end with a plan to rapidly decarbonize the planet, or make watery statements to delay what the science shows is needed, possibly pushing it off until it’s too late. Climate leaders and experts are calling it the world’s last best chance to address the climate crisis.

UK Prime Minister Boris Johnson, whose government is hosting the talks, will warn Monday that humanity has run down the clock on climate change.

“It’s one minute to midnight, and we need to act now,” he will say in an opening speech, according to remarks sent to journalists.

“We have to move from talk and debate and discussion to concerted, real-world action on coal, cars, cash and trees. Not more hopes and targets and aspirations, valuable though they are, but clear commitments and concrete timetables for change.”

The G20 leaders’ meeting that ended in Rome on Sunday suggests that leaders are finally listening to the science, but they still lack the political unity to make the ambitious decisions required to meet the moment.

August 13, 2021

The latest UN climate science report published in August made clear what needs to happen — deep, sustained cuts to greenhouse gas emissions over this decade to have any chance of limiting global warming to 1.5 degrees above levels before industrialization. Even with all the newly announced pledges, the world is still on track for 2.7 degrees of heating.

Global warming beyond 1.5 degrees will bring worsening impacts of the climate crisis. But the positive news is that the 1.5 limit is entirely in our reach. The UN report showed that by mid-century, the world needs to reach net zero — where greenhouse gas emissions are no greater than the amount removed from the atmosphere — and warming can be stopped in its tracks.

All of this scientific language was in the G20 leaders’ communiqué, including an acknowledgment that to meet net zero by mid-century, many member nations will need to lift their emissions-reductions pledges, known as Nationally Determined Contributions (NDCs), over this decade. (CNN)

Wednesday October 13, 2021

October 13, 2021 by Graeme MacKay

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Wednesday October 13, 2021

Canada faces wave of terminations as workplace vaccine mandates take effect

Canada is facing a potential wave of terminations tied to mandatory workplace vaccine policies as a growing number of employers require workers to be fully inoculated against COVID-19 – or risk losing their jobs, legal experts say.

September 15, 2021

Governments, institutions and companies have spent months hammering out vaccine mandates in a bid to curb an unrelenting pandemic fuelled by variants.

As employer deadlines to be fully vaccinated approach, unvaccinated workers could soon be placed on unpaid leave or terminated altogether, lawyers say.

“We’ve been contacted by thousands of people from across Canada who all have these ultimatums in front of them saying they have to be vaccinated by a certain date or risk losing their jobs,” employment lawyer Lior Samfiru, a partner with Samfiru Tumarkin LLP, said in an interview.

“We’re going to see the biggest wave of terminations we’ve seen since the pandemic started,” he said, noting that his firm has been contacted by workers in a range of industries including health care, education, banks, construction and restaurants.

“It will be significant.”

Prime Minister Justin Trudeau unveiled Canada’s new mandatory vaccine policy on Wednesday. It requires the core public service, air travel and rail employees to be fully vaccinated against COVID-19 by the end of October.

The federal vaccine mandate mirrors provincial policies, such as in Nova Scotia where all school and health-care workers are required to have two doses of a COVID-19 vaccine by the end of November.

Private companies have also developed corporate vaccine mandates, with looming deadlines for staff to be fully vaccinated.

The situation has left legal experts grappling with the tension between protecting the rights of individual workers and ensuring employers meet their health and safety obligations toward staff, clients and the public. (CTV)