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Strong Demand Lifts Factory Activity Across the Globe in February
March 02, 2021 02:13 AM EST| By Daminiis further expected to push demand and factory activity over the near term. Without a doubt, COVID-19-driven lockdown restrictions initially weighed heavily on the services sector, interrupting factory activity worldwide. However, the recent pi....
Govt. Aid to Canada Oil Firms Rose During Pandemic, Study Finds
February 26, 2021 04:20 PM EST| By Ipsita SarkarSource:William Potter, Shutterstock Summary Aid went to polluting oil fields in Alberta, Saskatchewan, and British Columbia, claims study. The companies were urged to avail federal aid to help pay employee salaries. Government spent $1.9 bill...
Canada Pension Board Chief Quits After COVID Travel Row
February 26, 2021 01:31 PM EST| By Ipsita SarkarSource: M-Foto, Shutterstock Summary CPPIB chief Mark Machin resigns after controversy over foreign travel for CIOVID shots. The board’s global head of credit investments John Graham to replace him. The finance ministry says people expe...
Canada Approves Oxford-AstraZeneca COVID Vaccine, Orders 20 Mn Doses
February 26, 2021 11:34 AM EST| By Ipsita SarkarSource: solarseven, Shutterstock Summary Canada will start receiving AstraZeneca drugs from April, to be produced at US plants. Canada has ordered 20 million doses from AstraZeneca. Canada now has three COVID-19 drugs: Pfizer-BioNTech, Modern...
BoC Cuts Back Provincial Bond-Buying, Continues Quantitative Easing
February 24, 2021 09:35 AM EST| By Shreya BiswasSource: Shutterstock Summary The Bank of Canada said on Tuesday that it has decided to reduce its Provincial Bond Purchase Program (PBPP). The top Canadian lender reportedly said that it will conduct the PBPP once a week instead of twice from...
Canada’s Largest Shipment of Pfizer & Moderna COVID Shots This Week
February 23, 2021 09:48 AM EST| By Shreya BiswasSource: Shutterstock Summary Canada is set to receive a record number of shots from Pfizer-BioNTech and Moderna this week. This spike in the delivery count comes after the country faced a shipment shortage for about a month. The delivery for...
Canada Records Largest Retail Sales Drop In Dec 2020 Since Pandemic
February 20, 2021 11:34 PM EST| By Team Kalkine MediaAs public health measures tightened near the end of the year in the midst of rising coronavirus cases, Canada recorded the largest decline in retail sales in the month of December 2020 since pandemic-triggered April lows, noted Statistics Canada. .....
Will Facebook Block News In Canada After Australia?
February 19, 2021 06:54 AM EST| By Ipsita SarkarCourtesy: Pixabay Summary Canada to introduce law requiring tech companies to pay for using content. Facebook blocks Australian news in content row but may face a similar situation in Canada. Some 10 to 15 countries may bring similar legislatio...
After Australia & Canada, UK, US Slam Facebook News Blackout
February 18, 2021 09:24 PM EST| By Team Kalkine MediaAfter Australia and Canada, the UK and the US have slammed Facebook’s peremptory behavior in blocking Australian news from its site, calling it deeply irresponsible and bad conduct. Facebook has blocked all Australian news from its site this.....
Canada’s CPI Rises By 1% As Consumer Goods, Fuel Prices Spike
February 17, 2021 11:57 AM EST| By Kunal SawhneyCanada’s Consumer Price Index (CPI), a key gauge of inflation, has risen at a quicker pace in January to 1 per cent, than in the previous month, due to the rising prices of gasoline and consumer durables, the government’s statis.....
Canadian Stock Markets Saw Record Foreign Investments In Dec 2020
February 17, 2021 09:40 AM EST| By Hina ChowdharyCanadians purchased as much as C$ 26.9 billion worth of foreign securities in the month of December last year, a large chunk of which consisted of US shares, Statistics Canada pointed in a recent report. Foreigners, on the other hand, inves.....
Vaccines to inject optimism in world economy, IMF pegs US growth at 5.1%
February 17, 2021 06:20 AM EST| By Team Kalkine Mediaed to show staggering improvement due to potential structural changes in the economy. Nations across the globe are on the mend as they have begun neutralizing the devastating effects of the pandemic left behind on the economy as well as on finan...
US Dollar drops to 3-week low as vaccine optimism abounds
February 15, 2021 08:16 AM EST| By Team Kalkine Mediasignificantly as it rose to its highest level in about three years pushing past USD1.39. Tuesday marked a three-week low for US Dollar and a three-year high for Sterling as news surrounding the vaccine injected optimism into investors. The Brit....
Why is Mastercard supporting cryptocurrencies on its network?
February 11, 2021 05:13 AM EST| By Team Kalkine MediaCredit card payments company Mastercard (NYSE: MA) announced that it would allow cardholders to transact using some cryptocurrencies on its platform starting later this year. The financial services giant is the latest in various other companies to .....
Why Bank of Canada Calls Crypto Boom A Speculative Mania?
February 11, 2021 03:35 AM EST| By Ipsita SarkarThe recent surge of cryptocurrencies has caught the imagination of people from around the world. But not all are amused. A senior official of the Bank of Canada dubbed the crypto rally a speculative mania that would soon run out of steam. The ban.....
Eye on COVID recovery, Canada To Spend Billions On Transit Projects
February 11, 2021 02:30 AM EST| By Ipsita SarkarThe Justin Trudeau government plans to invest C$14.9 billion in public transportation projects for the next eight years that could be a major catalyst in reviving the ailing economy post-COVID-19. The funding will be provided for all public transi.....
Supply Chain Snarls Canada’s COVID Inoculation Campaign
February 10, 2021 08:38 AM EST| By Kunal SawhneyOn Monday, December 14, 2020, support worker Anita Quidangen was one of the first Ontarions to be administered the first vial of Pfizer-BioNTech vaccine. Canada was the third nation after the United Kingdom and Bahrain to authorize the eme.....
Canada Approves 6 Doses from Each Pfizer-BioNTech Vial as Cases Rise
February 10, 2021 05:07 AM EST| By Ipsita SarkarSummary Only 3% of the population have received the Pfizer and Moderna vaccines so far. Fines to be hiked up to C$3000 against those crossing border without COVID test certificate. Canadian regulators have allowed health workers to extract.....
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Corporate Canada Has Cash To Spend But COVID Is A Dampener: Report
February 09, 2021 05:36 AM EST| By Team Kalkine MediaBig Canadian companies have amassed large sums of money but will not spend soon because of the ongoing economic uncertainty due to the COVID-19 pandemic, say analysts at the Bank of Montreal. Many corporate houses were facing extreme challenges to.....
Is Canada The New Hotspot For Psychedelics?
February 06, 2021 09:45 AM EST| By Kunal SawhneyCanada is globally known for its liberal medical policies, be its public health care programs, medically-assisted death bill and, of course, the federal legalization of cannabis in 2018. Now, the country may even be inching closer to permitting the u...
