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Outback Goldfields Corp. (the "Company" or "Outback") (TSXV: OZ) is pleased to provide an update on exploration activities at its Yeungroon property, central Victoria, Australia.
More than one-third of airline pilots are still not flying as the pandemic continues to take its toll on aviation globally, according to a new survey, though the situation has improved from a year earlier when the majority were grounded. A poll of more than 1700 pilots by UK-based GOOSE Recruitment and industry publication FlightGlobal, released on Wednesday, found 62% globally were employed and currently flying, up from 43% a year earlier.
The Canadian dollar edged higher against the greenback on Tuesday as some of the recent disquiet in financial markets eased a notch and investors prepared for a potential interest rate hike by the Bank of Canada. The loonie was trading 0.2% higher at 1.2615 to the U.S. dollar, or 79.27 U.S. cents, after trading in a range of 1.2598 to 1.2669. On Monday, it touched its weakest intraday level in more than two weeks at 1.2701 amid equity market turbulence.
The company had earlier encouraged employees to work remotely during the first three weeks of January, after a big spike in COVID-19 cases forced several large U.S. banks to pause return-to-office plans. Like its peers, Bank of America has pushed employees to get fully vaccinated and has hosted on-site vaccine booster clinics for staff across the country. Bank of America is not the only large bank to have asked employees to return to office - in January, rival lender Citigroup also asked employees in the New York City region to return to office in early February.
As the COVID-19 pandemic continues, governments in Canada are trying new strategies to increase vaccinations. On Jan. 15, the federal government implemented a policy requiring that truck drivers entering into Canada be fully vaccinated. Unvaccinated foreign truckers can no longer enter Canada, while unvaccinated Canadian drivers will have to test and quarantine upon entry into the country. Backlash to the policy has emerged this week, as truckers and protesters from across the country head to Ottawa for a rally against the vaccine mandate. In Quebec, Premier Francois Legault is looking at a so-called "vax tax." Legault said he plans on tabling a bill in early February that would force individuals who refuse to get vaccinated to pay a “health contribution", adding that unvaccinated Quebeckers are a significant burden on the province’s healthcare system. On this episode of Editor's Edition, Alicja Siekierska and the Public Policy Forum's Sean Speer dig into the new and proposed vaccination policies, and the response to these approaches. They also take a look at Ontario’s reopening plan and the latest report from the Parliamentary Budget Officer. If you have any policy-related questions, or feedback about the show, please email email@example.com.
The CFIB issued a press release on Wednesday, saying small businesses are being driven "to the brink" by supply shortages and price increases.
Wild swings in stocks are testing the resolve of investors employing one of Wall Street’s most popular strategies: buying the dip. The S&P 500 reversed a deep selloff on Monday to finish up 0.3%, after the benchmark index crossed into correction territory, while the Nasdaq flirted with a bear market before also finishing higher, suggesting that dip buyers have not gone extinct despite big declines in stocks in the first weeks of 2022. But while dip buying has rewarded investors in the last two years as stocks doubled from their March 2020 lows, bargain hunters now face uncertainties over how aggressively the Federal Reserve will need to tighten monetary policy this year, a potential war between Russia and Ukraine, and disappointing corporate earnings.
SILVER SPRING, Md. (AP) — Sales of new single family homes in December rose to their highest level in 10 months as buyers snapped up cheaper homes in anticipation of higher interest rates. The increase put the seasonally adjusted annual sales pace to 811,000 for the month, according to the Commerce Department, an 11.9% increase over November's figure, which was revised down to 725,000 from 744,000. The median price of a new home, the point where half the homes sold for more and half for less, fe
(Reuters) -Abbott Laboratories on Wednesday beat quarterly profit and sales estimates, aided by robust sales of COVID-19 test kits and strong demand for its diagnostics products, but forecast lower-than-expected COVID-19 testing sales in 2022 due to uncertainties around the future of the pandemic. Abbott said it expects $2.5 billion in sales of COVID-19 test kits in the early part of this year. The company will update its test kit estimates on a quarterly basis.
(Reuters) -Microsoft Corp on Tuesday forecast revenue for the current quarter broadly ahead of Wall Street targets, driven in part by its Intelligent Cloud unit. The outlook soothed concerns about growth sparked by results for the December quarter, which initially dragged on Microsoft's shares in after-hours trade. Investors were seeking assurances that the enterprise cloud business is still growing strongly and got it from Microsoft.
GM's announcement comes just a day after the company unveiled a $7 billion investment plan in Michigan, mainly toward making full-size electric pickups, intensifying a battle with rival Ford Motor Co for EV supremacy in North America. The automaker, which was dethroned as the U.S. sales leader in 2021 by Japanese rival Toyota Motor Corp, plans to boost its North America EV production capacity to more than a million units by late 2025. It will also have to contend with current EV leader Tesla, which will soon open a second U.S. plant in Austin, Texas, and is on pace to sell more than 1 million electric vehicles globally in 2022.
WELLINGTON, New Zealand (AP) — Nearly two dozen sailors on an Australian military ship going to deliver aid to Tonga have tested positive for the coronavirus, officials said Tuesday, raising fears they could bring COVID-19 to a Pacific nation that has so far managed to avoid any outbreaks. Australian Defense Minister Peter Dutton said his government was working with Tongan authorities to keep the ship at sea and make sure there is no threat to Tonga’s 105,000 residents. Tongan authorities have b
The 2023 hiring push would double the current number of engineers working in Latin America's largest country with a focus on "local talents" that could create products not only for Brazil, but for the world. Answering questions from Reuters via e-mail, Ribeiro-Neto also highlighted that the planned hires are part of a global expansion plan prioritizing Google's main markets outside the United States.
COPENHAGEN, Denmark (AP) — Denmark’s government said Wednesday it will scrap most pandemic restrictions next week, even as neighboring Sweden extended its own measures for another fortnight. Danish Prime Minister Mette Frederiksen said that as of Feb. 1 Danes will enjoy free access to restaurants, cafes, museums and nightclubs, while mask use will cease to be mandatory. “We say goodbye to the restrictions and welcome the life we knew before” the pandemic, Frederiksen said. “As of Feb. 1, Denmark
The U.S. trade deficit in goods widened to a record high in December as imports increased for a fifth straight month amid strong domestic demand, suggesting that trade likely remained a drag on economic growth in the fourth quarter. But imports are helping to replenish depleted inventories, with the report from the Commerce Department on Wednesday showing strong restocking at retailers and wholesalers last month.
The family firm's challenge is mirrored in thousands of companies across central Europe, big and small, which are grappling with soaring costs for everything from parts, materials and transport to energy and growing wage demands. "We are an energy-consuming (firm), so it's had a huge impact," Benes a Lat's Chief Financial Officer Jan Lat said. Where companies are successful in sharing the pain, this feeds into consumer inflation and adds to a price spike in central Europe that has been stronger than elsewhere on the continent due to the region's consumer-driven recoveries and ultra-tight labour markets.
SAN FRANCISCO (Reuters) -Tesla Inc on Wednesday forecast supply chain issues would persist throughout 2022 and limit electric vehicle production, while posting record quarterly revenue that beat Wall Street expectations. The outlook showed that even Tesla cannot avoid the shortages that were pitfalls for many larger automakers last year. CFRA analyst Garrett Nelson said the supply chain comments were simply cautionary.
LANSING, Mich. (AP) — General Motors is making the largest investment in company history in its home state of Michigan, announcing plans to spend nearly $7 billion to convert a factory to make electric pickup trucks and to build a new battery cell plant. The moves, announced Tuesday in the state capital of Lansing, will create up to 4,000 jobs and keep another 1,000 already employed at an underutilized assembly plant north of Detroit. The automaker plans to spend up to $4 billion converting and
(Reuters) -Chipmaker Intel Corp delivered record fourth-quarter revenue, but its forecast for first-quarter earnings fell short of Wall Street expectations. Intel shares, which were down about 3%, recovered some ground in after hours trading. The outlook overshadowed fourth-quarter results, which Tony Balow, Intel's vice president of investor relations, said was a record and surpassed expectations.
Public Services and Procurement Canada (PSPC) wishes to advise motorists that the Chaudière Crossing will be closed to vehicular traffic for repair work during the following periods: