TV vs. SMU Highlights
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TV vs. SMU Highlights
Australia has ruled out letting teenagers as young as 16 drive forklift trucks to tackle a shortage of workers in coronavirus-hit supply chains, as it scrambles to scoop up millions of home testing kits needed to keep businesses functioning. A sudden surge in coronavirus cases in recent weeks has seen hundreds of thousands of workers benched by illness or the need to isolate, leading states to quickly lower the isolation requirement to seven days. Prime Minister Scott Morrison had floated a proposal to lower the minimum age of forklift drivers from 18 to 16, seeking solutions for a shortage of workers now hobbling the economy.
China must prevent and defuse the risk of external shocks this year while strengthening macro-prudential management and guiding market expectations, the country's foreign exchange regulator said on Friday. The comments come as the U.S. Federal Reserve is widely expected to start hiking interest rates as early as March, while its Chinese counterpart has stepped up monetary easing to prop up a slowing economy, raising concerns about possible capital outflows due to the policy divergence. During the previous round of Fed tightening in 2018, China's currency depreciated sharply.
Recent volatility should spur investors to snatch up undervalued and very promising Canadian stocks like goeasy Ltd. (TSX:GSY). The post 3 Super-Cheap Canadian Stocks to Buy Today appeared first on The Motley Fool Canada.
MONTREAL — The non-profit authority overseeing the St. Lawrence Seaway says cargo numbers nudged up last year despite a weak grain crop as manufacturing and construction demand came roaring back. Grain transport fell 20 per cent year over year to 10.6 million tonnes in 2021 following a smaller crop and drought conditions across Western Canada and the American Midwest, though the figure aligns with the five-year average, the St. Lawrence Seaway Management Corp. said Wednesday in a release. The bo
Canada's food manufacturers are cutting capacity and focusing on key products as they confront labour shortages and supply chain bottlenecks that show no signs of easing. Shipping backlogs, delays in obtaining packaging and ingredients and high worker absenteeism due to COVID-19 isolation protocolsare interfering with the availability of certain products, experts say. The situation has prompted some food suppliers to inform grocers about the steps they're taking to fulfil orders, including findi
Ontario’s online sports betting and gambling market is expected to generate nearly a billion dollars in gross revenue in its first year.
Stocks have been falling across the board. Which dividend stocks should you buy to survive the market correction? The post 3 Dividend Stocks to Buy to Fight the Market Correction appeared first on The Motley Fool Canada.
Building wealth for your retirement via investing doesn't have to be an active engagement. Certain buy-and-forget assets can set you on the right track. The post Retirement Planning: 3 RRSP Stocks for Hands-Off Wealth Building appeared first on The Motley Fool Canada.
A key group of China Evergrande's international creditors said on Thursday they were ready to take "all necessary actions" to defend their rights if the property developer did not show more urgency to resolve a default. Evergrande is the world's most indebted property company, with more than $300 billion in total liabilities, which include nearly $20 billion of international bonds all deemed to be in default after a run of missed payments late last year. The creditor group, represented by law firm Kirkland & Ellis and investment bank Moelis, said in a statement it had to "seriously consider" enforcement action after a lack of engagement by the firm at the heart of China's property crisis.
Toronto-listed shares of Barrick rose 3% to C$23.90. The Carlin and Cortez mines are part of Nevada Gold Mines, a joint venture between Barrick and Newmont Corp. Barrick, which has a 61.5% stake in the joint venture, operates the Nevada mines. Barrick said the average market price for gold in the quarter was $1,795 per ounce, up from $1,790 per ounce in the prior quarter.
President Joe Biden is paying a steep price for high inflation — a problem that festered during his first year in office instead of fading away as he suggested it would. His $1.9 trillion coronavirus relief package, enacted in March, drove what will probably be the fastest economic growth since 1984 and pulled the unemployment rate down to 3.9% at a quicker pace than experts predicted. But after unprecedented government interventions and supply chain problems, inflation is running at a nearly 40
Currency market investors are less sure about the U.S. dollar's outlook now than they have been for many months, prompting sharp gyrations by the greenback last week despite red hot inflation data and a hawkish Federal Reserve. "Everybody had been positioned for a stronger dollar" going into the new year, said Jack McIntyre, portfolio manager at Brandywine Global. Then last week, the U.S. Dollar Currency Index, which tracks the greenback against six major currencies, fell as much as 1.2% before paring loses to finish the week down 0.6%.
OTTAWA — Canada's housing ministers on Thursday went over plans to ease affordability issues just ahead of more hearings in a parliamentary probe of price gains and their effect on headline inflation. Housing Minister Ahmed Hussen hosted the virtual meeting of his provincial and territorial counterparts to talk about ways to boost the supply of new units. They were also to talk about options to discourage buyers from accumulating a large portfolio of investment properties. Research from the Bank
GATINEAU, Que. — Hexo Corp. says it expects its new strategic plan to reduce selling, general and administrative expenses by about 30 per cent by the end of fiscal 2023. The Gatineau, Que.-based cannabis company says its plan, which was unveiled last month after its debts mounted and founder left the businesses, will deliver about $175 million in cash over the next two fiscal years. The company says the plan will generate incremental cash flow of about $37.5 million in fiscal 2022 and an additio
Global jet fuel demand, however, has again come under pressure with some countries reimposing border restrictions and other curbs to keep the Omicron coronavirus variant at bay, prompting travelers to reconsider their plans. "We saw a little bit more downside momentum on jet fuel due to omicron variant, but combined, we didn't really see a meaningful impact as we exited the year," senior executive Dax Sanders said in the earnings call. Kinder Morgan reported a 48% jump in jet fuel volumes and 7% jump in gasoline, following a year of coronavirus-driven decline.
U.S. ETFs can be an excellent way to capture high growth with low fees, especially when held in your RRSP. The post 2 Low-Fee, High-Growth U.S. ETFs to Buy and Hold in Your RRSP appeared first on The Motley Fool Canada.
Wall Street's main indexes ended sharply lower on Thursday and a rally in U.S. stocks evaporated late in the session as investors considered whether equities were bargains after a sell-off to start the year that has seen the Nasdaq fall into correction territory. The Nasdaq on Wednesday closed more that 10% below its November all-time high, confirming it was in a correction. “There seems to be a whole lack of conviction," said Randy Frederick, vice president of trading and derivatives for Charles Schwab.
The U.S. Securities and Exchange Commission (SEC) will vote next week to propose boosting hedge fund disclosures in a bid to enhance industry oversight and investor protections, the agency's chair said on Wednesday. Gary Gensler told reporters that the SEC will vote to propose rule changes to the Form Private Fund (PF) which many hedge funds and other private funds file quarterly detailing their purchases and sales of securities.
"Retail investors bought a lot less than they typically would," Vanda's Ben Onatibia and Giacomo Pierantoni said about Tuesday's session. Vanda's research note comes as enthusiasm around so-called "meme stocks" also appears to be fading, a year on from the GameStop Corp frenzy when retail investors coordinated on online message boards to buy into heavily shorted stocks. Even Microsoft Corp's bumper $68.7 billion purchase of "Call of Duty" maker Activision Blizzard, the biggest gaming industry deal in history, failed to cheer up retail investors.
TOKYO (Reuters) -Sony Group will likely add new technology partners to its electric vehicle (EV) project to help it forge a mobility business to transform cars from transportation machines to entertainment spaces, a Sony executive told Reuters. An ongoing shift to electric cars, which are easier to build than those with internal combustion engines, is allowing new entrants into vehicle manufacturing. At the same time, autonomous driving and 5G connectivity is expected remold the auto industry by turning cars into mobile platforms for information and entertainment services.