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January 16, 2021

Canada

A new activist takes on Exxon to reverse the oil giant’s underperformance

CNBC
CNBC – For more and to sign up click here Fuel prices are displayed at an Exxon Mobil Corp. gas station in Arlington, Virginia, U.S., on Wednesday, April 29, 2020. Andrew Harrer | Bloomberg | Getty Images Company: Exxon Mobil Corp. (XOM) Business: Engaged in the exploration, production, transportation and sale......

GM to invest C$1 billion in Canada plant to manufacture electric vans

Reuters
FILE PHOTO: The General Motors Co (GM) CAMI assembly plant is seen in Ingersoll, Ontario, Canada October 13, 2017. REUTERS/Chris Helgren (Reuters) – General Motors Co and labor union Unifor said on Friday they have reached a tentative deal for the automaker to invest nearly C$1 billion ($785.42 million) in......

Canada, allies expect Biden to re-engage U.S. on world stage – Trudeau

Reuters
By Amran Abocar, Steve Scherer OTTAWA (Reuters) – Canada and other U.S. allies are looking to President-elect Joe Biden to re-engage with the world on such issues as climate change and free trade, Canadian Prime Minister Justin Trudeau said in a Reuters Next interview aired on Thursday. FILE PHOTO: Canada’s......

Foreign takeover of Carrefour a ‘major difficulty’ for govt, says Le Maire

Reuters
FILE PHOTO: Bruno Le Maire, French Minister of the Economy, Finance, and Recovery, wearing a protective face mask, leaves following the weekly cabinet meeting at the Elysee Palace in Paris, France, October 21, 2020. REUTERS/Gonzalo Fuentes PARIS (Reuters) – French Finance Minister Bruno Le Maire said a foreign company purchasing......

Dollar extends rebound as investors await U.S. stimulus details, bitcoin bounces

Reuters
TOKYO (Reuters) – The dollar extended its rebound from near three-year lows versus major peers on Thursday, supported by higher U.S. yields, as President-elect Joe Biden prepared to outline his plans for massive fiscal stimulus. FILE PHOTO: A U.S. Dollar banknote is seen in this illustration taken May 26, 2020.......

Analysis: Dollar bears grow cautious as U.S. yields rise

Reuters
By Saqib Iqbal Ahmed, Ritvik Carvalho NEW YORK/LONDON (Reuters) – A rally in U.S. yields is clouding the outlook for one of the market’s most popular trades: betting against the dollar. FILE PHOTO: A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao/File......

FOREX-Dollar buoyed as Treasury yields stabilise

Reuters
* Dollar index trades higher * Sterling gains * Euro, Aussie and Kiwi down * Graphic: World FX rates tmsnrt.rs/2RBWI5E LONDON, Jan 13 (Reuters) – Stabilising U.S. Treasury yields helped the dollar trade back in positive teritory on Wednesday, though investors remained bearish on the currency’s near-term prospects. Benchmark 10-year......

USWNT to Host Canada, Brazil, Japan in SheBelieves Cup

Sports Illustrated
SI – For more and to sign up click here Associated Press The United States will host Canada, Brazil and Japan in the 2021 SheBelieves Cup next month in Orlando, Florida. U.S. Soccer on Monday announced the round-robin tournament scheduled from Feb. 18 to Feb. 24 at Exploria Stadium. The......

CANADA STOCKS-TSX falls as energy stocks, virus concerns weigh

Reuters
(Adds details; updates prices) Jan 11 (Reuters) – Canada’s main stock index fell on Monday, dragged down by weakness in energy stocks, while a surge in coronavirus cases in China and rising restrictions across the globe triggered concerns around an economic recovery. * The energy sector dropped 1.4% as U.S.......

Doping: Problems looming for 2028 Los Angeles Olympics, says Pound

Reuters
(Reuters) – The United States is in violation of the Olympic charter and potentially the World Anti-Doping Agency (WADA) Code, raising questions over whether the 2028 Los Angeles Games should proceed, senior International Olympic Committee member Dick Pound told Reuters on Friday. FILE PHOTO: An LA2028 sign is seen at......

Dollar holds above 2018 lows ahead of U.S. jobs report

Reuters
LONDON (Reuters) – The dollar held above a 2018 low against other major currencies on Friday ahead of fresh U.S. jobs data likely to give clues on the extent of fiscal stimulus needed to prop up the coronavirus-hit economy. FILE PHOTO: U.S. dollars and other world currencies lie in a......

Dollar downtrend takes breather amid higher yields as jobs report looms

Reuters
TOKYO (Reuters) – The dollar held on to its biggest gain in more than two months against major peers on Friday as a rise in U.S. yields triggered some unwinding of bearish bets on the currency. FILE PHOTO: A U.S. Dollar banknote is seen in this illustration taken May 26,......

U.S. stuns Canada in final to capture WJC gold

ESPN
The United States upset heavily favored and undefeated Canada 2-0 in Edmonton to win the gold medal in the first ever World Junior Championship played in a bubble. In a defensive special, Boston College goaltender and Florida Panthers prospect Spencer Knight stopped all 34 shots he faced to secure USA’s......

Dollar squeezed as traders wait on Georgia results

Reuters
By Tom Westbrook, Scott Murdoch SINGAPORE/HONG KONG (Reuters) – The U.S. dollar steadied in Asia on Wednesday as traders looked to the outcome of a Senate election in Georgia to drive the next move in market sentiment. FILE PHOTO: A U.S. five dollar note is seen in this illustration photo......

Ontario has ‘fiscal firepower’ to provide pandemic support -new finance minister

Reuters
TORONTO (Reuters) – Ontario has the fiscal capacity to support its economy during the coronavirus pandemic, the new finance minister of Canada’s most populous province told Reuters on Tuesday, adding that debt sustainability is a priority for another time. “The fiscal sustainability of this province is a focus of ours......

Proposed Virginia rules may delay Mountain Valley natgas pipeline

Reuters
FILE PHOTO: Lengths of pipe wait to be laid in the ground along the under-construction Mountain Valley Pipeline near Elliston, Virginia, U.S. September 29, 2019. REUTERS/Charles Mostoller (Reuters) – Environmental regulators in Virginia proposed stream-crossing rules that analysts say could delay the startup of the $5.8-$6.0 billion Mountain Valley natural......

Dollar slips in to 2021 as investors ride downtrend

Reuters
SINGAPORE (Reuters) – The dollar started the new year more or less where it left off – under pressure from investors who reckon low U.S. interest rates and an eventual worldwide recovery from the coronavirus pandemic will make it a laggard against other major currencies. FILE PHOTO: A U.S. five......

Canada will require incoming international air passengers to test negative before boarding, and other news from around the world.

New York Times
New York Times – For more and to sign up click here Canada will require passengers seeking to board international flights into the country to show their airline proof of a negative coronavirus test, in addition to entering an already existing, mandatory 14-day quarantine on arrival. The new rule, which......

Dollar falls as FX investors look past latest U.S. stimulus delay

Reuters
TOKYO (Reuters) – The dollar fell to its lowest in more than two years against the euro on Wednesday as currency traders looked past a new delay in U.S. stimulus cheques and maintained bets additional financial aid was still likely. FILE PHOTO: George Washington is seen with printed medical mask......

Dollar dithers in thin trade as Trump passes pandemic aid package

Reuters
TOKYO (Reuters) – The dollar shrugged off news of President Trump relenting on a threat to block a COVID-19 aid bill in thin trading on Monday with many investors on holiday. FILE PHOTO: Pound and U.S. dollar bills are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration The......

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