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Canada trade deficit shrinks slightly in October, still higher than expected
  + stars: | 2020-12-04 | by ( Reuters Staff | ) sentiment -1.00   time to read: +1 min
REUTERS/Mark BlinchOTTAWA (Reuters) - Canada’s trade deficit narrowed slightly to a still greater-than-expected C$3.76 billion ($2.94 billion) in October as exports grew at a faster pace than imports, Statistics Canada data showed on Friday. Analysts polled by Reuters had forecast the shortfall would drop to C$3.00 billion from the revised deficit of C$3.82 billion in September. Imports rose by 1.9% to C$50.23 billion, in part due to higher imports of cell phones, for the first time exceeding the C$50.00 billion seen in February. Exports to the United States, by far Canada’s largest trading partner, rose by 2.0% while imports fell by 2.3%. As a result, the trade surplus with the United States in October grew to C$3.05 billion from C$1.69 billion in September.
Persons: Mark Blinch OTTAWA Organizations: REUTERS, Statistics, Reuters Locations: Toronto, Statistics Canada, United States
TORONTO (Reuters) - The outlook for the Canadian dollar has improved on expectations the currency will benefit from domestic economic stimulus and the rollout of a COVID-19 vaccine, a Reuters poll showed, with the loonie already gaining in recent months. FILE PHOTO: A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto January 23, 2015. REUTERS/Mark Blinch/File PhotoCanada’s dollar has strengthened 14% against its U.S. counterpart since March, reaching a two-year high on Thursday at 1.2848 per U.S. dollar, or 77.83 U.S. cents. “We see several tailwinds for the Canadian dollar,” said Stephen Brown, senior Canada economist at Capital Economics. Still, Harvey expects a high savings rate and strong vaccination orders, along with fiscal stimulus, to support economic recovery.
Persons: Mark Blinch, , , Stephen Brown, Chrystia Freeland, Brown, Simon Harvey, Harvey Organizations: TORONTO, REUTERS, U.S, Capital Economics, Canadian Finance, Monex, Pfizer Locations: Toronto, Canada, COVID, Monex Canada
REUTERS/Dado Ruvic/IllustrationIn late trading, the dollar index rose 0.1% to $90.725 ahead of the weekend, climbing from its lowest level since April 2018. -The euro and Swiss franc, in contrast, were headed for their best week in a month against the dollar. The single European currency touched a 2-1/2-year high, while the Swiss franc rose to its highest in nearly six years. Against the Swiss franc, the dollar recovered to trade slightly higher at 0.8910 franc, after earlier dropping to a nearly six-year low of 0.8886 franc. Sterling fell 0.2% against the dollar to $1.3423 after trade talks for a post-Brexit trade deal with the European Union hit a snag ahead of the weekend.
Persons: shrugged, Dado Ruvic, Britain’s David Frost, Michel Barnier, , , Erik Bregar, Charles Evans, Nancy Pelosi, Sterling, Bitcoin Organizations: YORK, U.S, Union, British, REUTERS, European Union, Britain, Swiss, Exchange Bank of Canada, U.S . Federal Reserve, Chicago Federal Reserve Bank, . House, RIC Locations: Britain, Swiss, Toronto, Norway, Sweden
ET Covid-19 Live Updates: Biden Promises New Prominence for Fauci Dr. Anthony S. Fauci, America’s top infectious disease expert, was sidelined under President Trump, but President-elect Biden says he will continue in his current role and also become chief medical adviser. Now it is Mr. Trump who is leaving, and on Thursday, his successor had a message for Americans: Dr. Fauci will soon be back in the mix. Much better than the Americans have.” Dr. Fauci seemed more than a little skeptical. Later, a chagrined-looking Dr. Fauci, who is ordinarily averse to public conflict, appeared on British television saying that he wanted to apologize. In their study, Dr. Barouch and his colleagues found a correlate of protection in monkeys.
Persons: Dr, Anthony S, Trump, Biden, Joseph Biden Jr, Stefani Reynolds, It’s, President Trump, Fauci, he’s, Joseph R, , ” Mr, Fauci’s, Gavin Newsom, Mr, Newsom, Gavin Williamson, “ We’ve, , Alessandro Grassani, Mateusz, Devi Sridhar, ” — Josh Holder, Matina, Andrew Testa, Dan Barouch, Michael, Anthony Fauci, Barouch, we’ve, ” —, Ryan Christopher Jones, , Karin Michels, Epidemiologists, Ellicott, — Margot Sanger, Katz, Claire Cain Miller, Brian Pallister, Carlos Osorio, Manitobans, Justin Trudeau, Pallister, you’ve, don’t Organizations: National Institute of Allergy, The New York Times, U.S, New York Times, Gov, American, BBC, ., European, European Centre for Disease Prevention, Edinburgh University Medical School, Oxford Vaccine, Covid, Beth Israel Deaconess Medical, National Institutes of Allergy, University of California, Reuters, Canadians Locations: U.S, United States, Lubbock , Texas, West Texas, California, British, Milan, Italy, Europe, European Union, lockdowns, Bergamo, Eastern Europe, Spain, Poland, Oxford, England, Boston, Covid, Los Angeles, U.C.L.A, San Francisco, Canadian, Manitoba, Toronto, ” Manitoba
Citigroup on track for trial over $900 million Revlon mistake
  + stars: | 2020-12-03 | by ( Jonathan Stempel | ) sentiment -0.99   time to read: +2 min
NEW YORK (Reuters) - A federal judge on Thursday said Citigroup Inc’s lawsuit to recoup some of the nearly $900 million it mistakenly paid Revlon Inc’s lenders appeared on track for trial next week after receiving assurances he had authority to conduct it. FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. The lawsuit stemmed from Citigroup’s having on Aug. 11 sent $893 million of its own money, rather than a $7.8 million interest payment, to Revlon’s lenders. The bank blamed human error for the blunder, and said the defendants knew the payment was a mistake but have nonetheless refused to return $508 million. The case is In re: Citibank August 11, 2020 Wire Transfers, U.S. District Court, Southern District of New York, No.
Persons: Chris Helgren, Jesse Furman, “ I’m, ” Furman, Ronald Perelman Organizations: YORK, Citigroup, Revlon, Citigroup Inc, Citi, REUTERS, Citibank, Brigade Capital Management, HPS Investment Partners, Court, Southern District of Locations: Toronto , Ontario, Canada, Manhattan, South Dakota, Southern District, Southern District of New York
Canadian Banks, Led by TD and RBC, Get Boost From Stimulus
  + stars: | 2020-12-03 | by ( Vipal Monga | ) + 0.70   time to read: +1 min
TORONTO—Canada’s government has opened its fiscal spigot in an effort to prop up an economy reeling from the coronarvirus pandemic. Among the biggest beneficiaries: Canadian banks, which have avoided major loan losses and boosted deposits. The biggest Canadian banks, Royal Bank of Canada and TD Bank Group, reported earnings growth during their fiscal fourth quarter ended Oct. 31, boosted by lower provisions for loan losses. Bolstered by those supports, Canadians have continued making loan and credit-card payments they may have otherwise missed. The relief has been coupled with bank-led deferral programs that let homeowners delay mortgage payments, and the net effect has allowed banks to avoid writing off big chunks of their lending books.
Organizations: TORONTO, Royal Bank of Canada, TD Bank Group, TD Bank Locations: U.S
Tech Tips to Celebrate Holiday Traditions—When Your Family’s Far Apart
  + stars: | 2020-12-03 | by ( Ashley Mateo | ) sentiment -0.95   time to read: +2 min
But even if you spend the holiday season alone, you needn’t feel lonely. “Assuming you’re going to get the exact feelings out of online interactions as an in-person one isn’t realistic. The Rave app lets users sync up their Netflix , Amazon Prime and YouTube screenings and text or voice chat during the show. To take his family’s annual Yuletide game nights virtual, Tal Shelef, co-founder of a real-estate listing site in Toronto, turned to the Houseparty app. “It keeps family gatherings exciting, diffuses tensions and helps everyone relax.” Houseparty lets up to eight people per “room” share face-to-face video as they play.
Persons: Covid, Jeremy Birnholtz, ” Bradley Keys, we’ll, , Tal Shelef, “ We’ve, Houseparty Organizations: Social Media Lab, Northwestern University, , Netflix, Amazon Prime Locations: Santa Monica, Calif, Toronto
Meng’s lawyers have argued that the extradition should be thrown out in part because the case against her in the United States is tainted by political interference, pointing to comments from Trump about her extradition. She was arrested in December 2018 on a warrant from the United States. The prosecutors are set make the request in the British Columbia Supreme Court on Monday, when witness testimony in the case resumes. Prosecutors have accused Meng’s lawyers of trying to litigate the case against her in the United States in the Canadian court, which Meng’s lawyers have denied. The extradition case is scheduled to wrap up in April 2021, although the potential for appeals on either side means the case could drag on for years.
Persons: Meng, Michael Gottlieb, Barack Obama, Donald Trump, Trump, Gottlieb, Willkie Farr, Gallagher Organizations: TORONTO, Huawei, HSBC, Huawei Technologies, British Columbia, Gallagher LLP Locations: U.S, White, China, United States, Iran, Vancouver, Canadian, British, Washington
(Reuters) - Forty-eight NBA players tested positive for COVID-19, the league said on Wednesday, as players returned to their team’s home markets for the start of the 2020-21 season on Dec. 22. The NBA said it tested 546 players as part of its “initial return-to-market testing phase,” which kicked off between Nov. 24 and Nov. 30. Anyone who tested positive was placed in isolation until cleared under league rules. With the exception of the Toronto Raptors, teams will play in their home markets this season, with individual player workouts starting this week and group workouts beginning Sunday. The Raptors, the only Canadian team in the league, will start their season in Tampa, Florida, due to tight international travel restrictions, as COVID-19 cases soar in the United States, where hospitalizations hit a record for a fourth consecutive day on Tuesday.
Persons: hospitalizations Organizations: Reuters, NBA, Walt Disney, Toronto Raptors, The Raptors, Canadian, NFL, MLB Locations: Tampa , Florida, United States
On Nov. 3, Oregonians voted in favor of Measure 109, creating a regulated therapeutic psilocybin program in the state. Oregon voters signed off on the use of some psychedelics-based treatments in the state by voting in favor of Measure 109. Read more: A major psychedelics company just landed a record sum of cash from VCs. 'It's a step in the right direction'"We would never probably operate under Measure 109 for the very fact that we intend to be Nasdaq-listed," Rahn said. "It's important that people recognize that there are ways to make money in this future psilocybin program but it's incredibly more important in my mind that this program is affordable, accessible, and equitable for as many people as possible."
Persons: Oregonians, they're, Florian Brand, PETER DEJONG, Mike Novogratz's, Peter Thiel, Brand, JR Rahn, He's, " Rahn, Doug Drysdale, Drysdale, Cybin, hasn't, Read, We've, Sam Chapman, Chapman, You'll, Peter Dejong, Ronan Levy, Levy Organizations: Oregon Health Authority, Cannabis, Business, US Food and Drug Administration, FDA, Life Sciences, Mike Novogratz's Galaxy Investment Partners, Nasdaq, Reuters, AP, Field Trip Health, Los Angeles ., Company, Trip, Oregon Locations: Oregon, Hazerswoude, Netherlands, Toronto , New York, Los Angeles
Drake is selling a six-candle line, complete with an $80 dollar candle that smells like him. The rapper began teasing the brand earlier this year, including sending the brand to the Toronto Raptors. This time it's in the form of a new candle brand, called Better World Fragrance House (BWFH), complete with a candle that smells like Drake himself, according to Architectural Digest. Each candle is a soy-wax blend, and the jars can be personalized with a marker that comes with each candle, according to CNN. This is all a part of Drake's sprawling empire, which includes his October's Very Own brand and real estate ventures.
Persons: Drake, perfumer Michael Carby, Eugene Organizations: Toronto Raptors, basketball, CNN Locations: Carby, Williamsburg, Sleepover, Muskoka
NFL players pride themselves on physical toughness — sometimes taking painkilling drugs to stay in games. While perhaps unpleasant socially and emotionally, playoff bubbles are the best way to ensure that the NFL has well-contested playoff games, and safe players. The NFL Players Association would have to approve the measure. Starting this week, we may out how well an NFL bubble can work. How bad could it be without a playoff bubble?
Persons: Lamar Jackson, it’s, won’t, Kendall Hinton, Jackson, Pittsburgh’s, Drew Lock, that’s, LeBron James, Justin Turner, Cathy Englebert, Houston Dash, 49ers — Organizations: Baltimore Ravens, Pittsburgh Steelers, Ravens, National Football, Rockefeller, NFL, NFL Players, Denver Broncos ’, New, New Orleans Saints, Broncos, Wake, Denver, Washington, Dallas Cowboys, Saints, NBC, CBS, ESPN, Fox, Amazon Prime, LV, Bowl, National Basketball Association, Los Angeles Lakers, Major League Baseball, Los Angeles Dodgers, Dodgers, National Basketball Association bubbled, Seattle Storm, National Hockey League, Tampa Bay Lightning, Houston, National, Soccer, AFC, NFC, Baseball, San Francisco 49ers, 49ers, Santa, Arizona Cardinals ’ Locations: New Orleans, Denver’s, America, Tampa , Florida, Orlando, California, Texas, Bradenton , Florida, Toronto, Edmonton, Herriman , Utah, Arizona, Florida, Covid, Arlington , Texas, Glendale , Arizona, Santa Clara County
Sun Life Financial appoints insider Kevin Strain as CEO
  + stars: | 2020-12-02 | by ( Reuters Staff | ) + 0.91   time to read: +2 min
(Reuters) - Canada’s second-biggest life insurer Sun Life Financial Inc appointed finance head Kevin Strain as its chief executive on Wednesday, replacing Dean Connor who will retire in August after a decade at the helm. FILE PHOTO: Dean Connor, President and Chief Executive Officer of Sun Life Financial, addresses shareholders at the company's Annual General Meeting, in Toronto May 6, 2015. He has been its chief financial officer since June 2017. As CEO, Strain will continue on the path Sun Life is already on, expanding its digital capabilities and increasing its focus on sustainability, he told Reuters. “I’m going to continue to build on this strategy.”Strain will remain chief financial officer until a replacement is appointed in the first half of 2021, Sun Life said in a statement.
Persons: Kevin Strain, Dean Connor, Fred Thornhill, Strain, “ I’ve, Dean, ” Strain, “ I’m, Laura Lau, , ” Connor Organizations: Reuters, Sun, Financial Inc, Sun Life, REUTERS, Funds Locations: Toronto, Asia, United States,
FILE PHOTO: A Royal Bank of Canada (RBC) logo is seen on Bay Street in the heart of the financial district in Toronto, January 22, 2015. REUTERS/Mark Blinch/File PhotoTORONTO (Reuters) - Royal Bank of Canada and National Bank of Canada beat expectations for fourth-quarter profit on Wednesday, as they set aside less capital than analysts had anticipated to cover potential loan losses. National Bank, the smallest of Canada’s six largest lenders, took provisions of C$110 million, versus the nearly C$160 million expected. Royal Bank’s gross impaired loans fell 17% from the previous quarter, while they rose 3% at National Bank. Royal Bank reported adjusted net income of C$2.27 per share, versus estimates of C$2.05.
Persons: Mark Blinch Organizations: Royal Bank of Canada, REUTERS, TORONTO, National Bank of Canada, Royal Bank, National Bank, Bank of Montreal, Bank of, Royal, National Bank . Royal Bank Locations: Toronto, Bank of Nova Scotia
(Reuters) - A recovery from the pandemic will be erratic but loose monetary policy around the world and vaccine optimism would keep risk assets supported, a global markets strategist at Invesco said on Wednesday. “I am very much overweight equities over fixed income... 2021 could be a great year for emerging market (EM) stocks,” Chao said at the Reuters Global Investment Outlook Summit, 2021. From a valuation perspective, Chao said, the disparity between value stocks, at 17 times price-to-earnings (P-E), and growth stocks, at 38 times P-E, was greater than the early-2000 record. Chao expected the U.S. dollar to weaken in the first half of 2021 due to ample liquidity from the Federal Reserve’s ultra-loose monetary policies and additional fiscal stimulus measures. For other newsfrom Reuters Global Investment Outlook Summit 2021, click hereFollow Reuters Summits on Twitter @Reuters_Summits(This interview was conducted in the Reuters Global Markets Forum, a chat room hosted on the Refinitiv Messenger platform.
Persons: Invesco, Chris Helgren, David Chao, , ” Chao, Chao, Organizations: Reuters, Pearson, REUTERS, Asia Pacific, Reuters Global Markets, Reuters Global Investment Outlook, Stock, U.S, Federal, Reuters Global Investment, GMF Locations: Toronto , Ontario, Canada, Chris Helgren Asia, Pacific, Greater China, North Asia, Invesco, United States
Arm CEO expects regulators to ‘take a good look’ at the Nvidia deal
  + stars: | 2020-12-02 | by ( Sam Shead | ) + 0.00   time to read: +4 min
LONDON — Arm Holdings CEO Simon Segars told CNBC that he expects regulators to "take a good look" at the company's deal with U.S. chipmaker Nvidia. When the deal was announced, Nvidia and Arm said they expected the deal to take 18 months to complete. The Cambridge-headquartered firm has a joint venture called "Arm China" with Chinese private equity firm Hopu Investments. Arm China is headquartered in Shanghai, meaning China's Ministry of Commerce and China's State Administration for Market Regulation will have the right to review the proposed Nvidia deal. Asked if he's concerned about pressure from Chinese regulators, Segars said: "Regulators generally are going to take a good look at this transaction because both Arm and Nvidia are so significant in the world of technology."
Persons: Simon Segars, Japan's, Segars, Abishur Prakash, Allen Wu, Wu, Arm's, Hermann Hauser, Hauser, Ed Miliband Organizations: Arm, CNBC, U.S, Nvidia, Hopu Investments, Ministry of Commerce, China's, Administration, Center, Huawei, Sunday Telegraph, BBC, Shadow, National Security, Investment Locations: British, The Cambridge, China, Shanghai, Beijing, Toronto, U.S, Cayman Islands, Cambridge, Europe, Cambridge , Manchester, Belfast, Warwick, Britain
Andrew D'Souza is a successful startup founder running a company out of Toronto. He says leaving Silicon Valley to work at a Canadian company accelerated his career because he was able to establish himself at a fast-growing company in an emerging tech ecosystem. Silicon Valley North. Palihapitiya convinced him to move to the land of opportunity, Silicon Valley, where he went to work at a tech company in the investor's portfolio, D'Souza said. In late 2013, he left TopHat, and after a stopover at another Toronto tech startup, he started his own company, Clearbanc.
Persons: Andrew D'Souza, D'Souza, Chamath, Palihapitiya, TechCrunch, TopHat, Clearbanc, it's, It's Organizations: San Francisco Bay Area, University of Waterloo, Facebook, MIT, Companies, LinkedIn Locations: Toronto, Silicon, Canadian, Maple, San Francisco, Canada, Silicon Valley, Chicago, New York
Marina Lutova Meyers, a former portfolio manager at Ken Griffin's Citadel and Andrew Feldstein's BlueMountain, has joined Toronto-based Polar Asset Management. Meyers was previously a portfolio manager in Citadel's fundamental relative-value team, and will now lead the global credit strategy for the $5.3 billion Canadian firm. Marina Lutova Meyers is currently running the global credit strategy for the $5.3 billion multi-strategy manager Polar Asset Management, according to her LinkedIn, as of November. She had been a portfolio manager on the $35 billion manager's fundamental relative-value team for more than two years. Prior to joining Citadel, Meyers worked for Andrew Feldstein's BlueMountain Capital, as a partner and portfolio manager.
Persons: Marina Lutova Meyers, Ken, Andrew Feldstein's BlueMountain, Meyers, Andrew Feldstein's, BlueMountain, Ray Dalio's Bridgewater, Paul Sabourin, Samantha Greenberg, Eileen Murray —, Read Organizations: Management, Polar Asset Management, Citadel, Bloomberg, McKinsey, Polar, Margate Capital, Bridgewater, Tiger Global Locations: Toronto, BlackRock, PIMCO, Margate, York
The Social Life of Forests
  + stars: | 2020-12-02 | by ( Ferris Jabr | ) + 0.00   time to read: +43 min
The Social Life of Forests Trees appear to communicate and cooperate through subterranean networks of fungi. The planted saplings had plenty of space, and they received more light and water than trees in old, dense forests. “That tree is feeding these seedlings.”The trees, plants, funghi and microbes in forests are so thoroughly connected some scientists describe them as superorganisms. The emerging understanding of trees as social creatures has urgent implications for how we manage forests. Through a process called horizontal gene transfer, fungi, plants and animals — including humans — have continuously exchanged DNA with bacteria and viruses.
Persons: Ferris, Brendan George Ko, Suzanne Simard, Simard, Douglas, mycorrhizas, , ” Simard, David Janos, Jason Hoeksema, Richard Powers’s, Patricia Westerford, Knopf, Darwin, “ It’s, , I’m, Douglas fir, , Peter Tompkins, Christopher Bird, Peter Wohlleben, ” Hoeksema, It’s, Charles Darwin, Alfred Russel Wallace, Thomas Malthus, Adam Smith, Richard Lewontin, Toby Kiers, it’s, Oreos, Erik Leslie, Sm’hayetsk Teresa Ryan, Ryan, Nelson, gnats, they’d Organizations: University of British, The New York Times, Oregon State University, Resources, University of Mississippi, New York Times, , Vrije Universiteit Amsterdam, TED, Titanic, Washington, Procter Community Forest, Procter, Nations, Sustainability, American Locations: University of British Columbia, British Columbia, North America, Nelson , British Columbia, Nelson, It’s, Mycorrhizas, America’s, New, Vrije, Procter , British Columbia, Tokyo, States, United States, Canada, Kootenay, North American, Menominee, Wisconsin, Lake States, Selkirk, Japanese, Toronto, Maui, Pacific
Canada plans to clamp new tax on foreign home buyers
  + stars: | 2020-12-01 | by ( Julie Gordon | ) sentiment -0.98   time to read: +2 min
OTTAWA (Reuters) - Canada is readying a new tax on foreign home buyers to help tamp down on speculative purchases from overseas, cited as a factor behind sharp rises in housing prices in some markets that have left many Canadians unable to afford homes. Slideshow ( 2 images )The new tax was mentioned in a fiscal document published on Monday, though few details were given. “Speculative demand from foreign, non-resident investors contributes to unaffordable housing prices for many Canadians,” the government said in its Fall Economic Statement. British Columbia has a 20% land-transfer tax for foreign buyers in some regions, along with an additional speculation levy on empty homes, while Ontario’s 15% tax applies to foreign buyers investing in certain cities. The Canadian government is also expanding the first-time home buyers incentive, aimed at helping millennial and immigrants gain a foothold in the housing market.
Organizations: OTTAWA, British Columbia, Canadian Real Estate Association Locations: Canada, Vancouver, Toronto, British, Ontario, British Columbia
Canadian economy notches record growth in third quarter
  + stars: | 2020-12-01 | by ( Reuters Staff | ) sentiment -0.99   time to read: +1 min
FILE PHOTO: A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto, January 23, 2015. REUTERS/Mark Blinch/File PhotoOTTAWA (Reuters) - Canada’s economy grew by a record 40.5% on an annualized basis in the third quarter, rebounding from a historic plunge in the second quarter, as businesses and stores reopened from COVID-19 lockdowns, Statistics Canada said on Tuesday. The annualized gain for the third quarter is lower than the 47.6% increase forecast in a Reuters survey of analysts. “The increase in GDP in the third quarter reflected reopening of the economy, with substantial upturns in housing investment, household spending on durable goods, and exports,” StatsCan said. Despite the rebound in the third quarter, economic activity remains 5.3% below the fourth quarter of last year, before the pandemic hit, StatsCan said.
Persons: Mark Blinch, ” StatsCan, StatsCan, jumpstart Organizations: REUTERS, OTTAWA, Statistics, Canada’s Liberal, Canadian Locations: Toronto, COVID, Statistics Canada
TORONTO (Reuters) - Canada’s third quarter annualized growth soared by a record 40.5%, rebounding from a historic plunge in the second quarter, as businesses and stores reopened from COVID-19 lockdowns, Statistics Canada said on Tuesday. FILE PHOTO: A family passes a house for sale listed at a price of $999,000 ($799,000 USD) on Mount Pleasant Road in Toronto, Ontario, Canada August 6, 2017. There were some moderate upward revisions to the prior two quarters, which slightly softens the blow. On that front it’s mildly encouraging that September’s gain was still relatively solid and October did manage, at least a first blush, looks like it printed some modest growth. So the economy had a bit of momentum going into the shutdowns.”
Persons: Chris Helgren, DEREK HOLT, ” NATHAN JANZEN, ” DOUGLAS PORTER, , we’ve Organizations: TORONTO, Statistics, REUTERS, ECONOMICS, SCOTIABANK, RBC, Bank of Canada, BMO Locations: COVID, Statistics Canada, Mount Pleasant, Toronto , Ontario, Canada
Canadian factory activity increases at faster pace in November
  + stars: | 2020-12-01 | by ( Reuters Staff | ) sentiment -0.59   time to read: +2 min
Workers make jackets at the Canada Goose factory in Toronto, Ontario, Canada, February 23, 2018. The IHS Markit Canada Manufacturing Purchasing Managers’ index (PMI) rose to a seasonally adjusted 55.8 in November from 55.5 in October. The output index stayed solidly in expansion territory, dipping to 55.1 from 55.2 in October, which was its highest in more than two years. The measure of new orders also showed solid expansion, while the employment index rose to 52.5 from 51.2. Material shortages, supplier delays and transportation restrictions linked to the pandemic led to another deterioration in vendor performance during November, IHS Markit said.
Persons: Mark Blinch TORONTO, Shreeya Patel, ” Patel, IHS Markit Organizations: Canada, REUTERS, IHS, PMI Locations: Toronto , Ontario, Canada
On Nov. 3, Oregonians voted in favor of Measure 109, creating a regulated therapeutic psilocybin program in the state. Oregon voters signed off on the use of some psychedelics-based treatments in the state by voting in favor of Measure 109. Read more: A major psychedelics company just landed a record sum of cash from VCs. 'It's a step in the right direction'"We would never probably operate under Measure 109 for the very fact that we intend to be Nasdaq-listed," Rahn said. Psilocybin or "magic mushrooms" are seen in an undated photo provided by the DEA Reuters"We've got our eyes on the long game," he said.
Persons: Oregonians, they're, Florian Brand, Mike Novogratz's, Peter Thiel, Brand, JR Rahn, He's, " Rahn, Doug Drysdale, Drysdale, Cybin, hasn't, Read, We've, Sam Chapman, Chapman, You'll, Peter Dejong, Ronan Levy, Levy Organizations: Oregon Health Authority, Cannabis, Business, US Food and Drug Administration, FDA, Life Sciences, Mike Novogratz's Galaxy Investment Partners, Nasdaq, Reuters, AP, Field Trip Health, Los Angeles ., Company, Trip, Oregon Locations: Oregon, Toronto , New York, Los Angeles
The PlayStation 5 has been available for just two weeks, but it's already become the must-have holiday item of 2020. So, how are resellers able to buy PlayStation 5 consoles while the average person cannot? Through a variety of methods, many of which anyone can use, some people have been able to secure several PlayStation 5 consoles. Several such resellers speaking with Business Insider said they received violent threats while attempting to flip their additional PS5 consoles. Beyond that, potential PlayStation 5 buyers had one recourse on launch day: the digital storefronts of major retailers like Walmart, Target, and Best Buy.
Persons: Willy Wonka's, Read, that's, Andrew Francis Wallace, Walmart restocked, Ben Gilbert Organizations: PlayStation, Amazon, GameStop, Facebook, Craigslist, Financial Times, Business, UK, EB, Toronto Star, Getty, Walmart, Target, Twitter Locations: London, Yonge St, Toronto, Manhattan
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