US economic growth beats expectations but Fed still set to cut rates

first_imgThe US Commerce Department said consumer spending was strong in the third quarter, fuelled by the lowest unemployment rate in nearly 50 years. Share “That wish would be for economic growth to strengthen throughout 2020, which will allow him to run for another term with an all-important economic tailwind behind him.” whatsapp Harry Robertson Andrew Hunder, senior US economist at Capital Economics, said: “While we continue to think a recession will be avoided, the latest business surveys are consistent with a further slowdown in growth to only around one per cent annualised in the fourth quarter.” He said such a slowdown “should be enough to prompt a final 25 basis point cut from the Fed at the December Federal Open Market Committee (FOMC) meeting”. Chris Towner, director at risk adviser JCRA, said: “The recent rate cuts with one more expected today should help to invigorate the economy. Even better, if Trump and [Chinese President] Xi can manage to sign a trade deal next month in Chile, Trump could get his Christmas wish delivered in 2020.” US economic growth slowed in the third quarter but beat expectations as consumer spending and higher exports offset a fall in business investment. The better-than-expected growth figure will probably discourage the Fed from making a deeper cut of the sort US President Donald Trump has repeatedly called for, however. (Image credit: Getty) The Fed’s target interest rate currently stands at 1.75 to two per cent, following two consecutive reductions which were both couched as insurance against the effects of the US-China trade war. US job numbers fell in the lead-up to Christmas The US economy grew at an annual rate of 1.9 per cent between July and September, the US Commerce Department said today, down from two per cent in the second quarter and 3.1 per cent in the first. Read more: Donald Trump reveals phase one of trade agreement with China Read more: S&P 500 hits all-time high on trade and Fed optimism This downward trend is likely to encourage Federal Reserve policymakers to cut interest rates for the third time in a row when they announce their decision later today. A 25 basis point (0.25 percentage point) cut is expected. Wednesday 30 October 2019 3:02 pm Trade tensions with China caused business investment to suffer, however. It fell at its fastest pace in almost four years. US economic growth beats expectations but Fed still set to cut rates whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryMisterStoryWoman files for divorce after seeing this photoMisterStoryYourDailyLamaHe Used To Be Handsome In 80s Now It’s Hard To Look At HimYourDailyLamabonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comzenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comNinjaJournalistMichael Jordan’s Divorce Settlement Has Finally Been Revealed.NinjaJournalistSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift Verdictlast_img read more

Election poll: Conservatives to pick up 167 seats more than Labour

first_imgRead more: Power to the people: What’s really behind the People’s Vote power struggle More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the However, the analysis also suggests that 120,000 tactical votes could deny the Conservatives a majority in next month’s election. whatsapp Share The groups claims it would take 4,000 or fewer votes in 57 marginal seats to defeat the Conservative candidate in each constituency and deny Johnson a majority. Read more: MRP explainer: What is the mega-poll and can it predict the election result? Stefan Boscia A survey from second Brexit campaign referendum group Best for Britain found Boris Johnson is on track to easily win a majority with 366 seats, with Labour well behind on 199 seats. This would represent Labour’s worst election result since 1935, even surpassing Labour’s post-war nadir with Michael Foot in 1983. The 25 seats they are targeting are: The polling comes as a People’s Vote splinter group formed yesterday – Vote for a Final Say. The group is spending more than £100,000 in targeted online advertising to encourage people to vote tactically against Conservative candidates. However, the survey also came with a startling caveat. whatsapp Boris Johnson and Jeremy Corbyn went head-to-head in an ITV debate on Tuesday (ITV via Getty Images) Former People’s Vote director James McGrory is a senior advisor to the group. Birmingham NorthfieldBristol North WestBury NorthCambridgeshire SouthCanterburyCardiff NorthCheadleCheltenhamCroydon CentralElthamEnfield SouthgateFinchley & Golders GreenGowerOchil & South PerthshirePortsmouth SouthReading EastSedgefieldSt AlbansWakefieldWarrington SouthWarwick & LeamingtonWeaver ValeWimbledonWinchesterWirral West Wednesday 27 November 2019 4:03 pm The group, consisting of campaigners from the People’s Vote campaign, is is targeting 25 marginal seats to stop Johnson getting a majority to get through his Brexit deal. “We can all agree that these 25 seats are critical if we’re to prevent Brextremist Tories securing total power,” he said. The Conservatives are on track to pick up 366 seats in a landslide victory at next month’s election, according to new polling. Election poll: Conservatives to pick up 167 seats more than Labour “Now is the time for everyone to roll their sleeves up and start fighting back.”last_img read more

Malta to welcome vaccinated Brits from June

first_img Tags: Coronavirus Travel delays and disruption Vaccine The former British colony still has red post boxes dotted around the island (Getty Images) Also Read: Malta to welcome vaccinated Brits from June Bartolo said: “The health and safety of Maltese citizens and tourists will always be our top priority, and with the continued rollout of the vaccine here in Malta, this focused reopening plan is designed to slowly and safely reopen tourism to fully vaccinated Britons.” Malta to welcome vaccinated Brits from June Travellers will need to show their vaccination cards when boarding, and will no longer need to show a negative PCR test. Malta has become the latest country to announce that it will welcome the return of British holidaymakers this summer. The Mediterranean island, which usually attracts around 500,000 tourists from the UK each year, said British travellers who have had both doses of a coronavirus vaccine will be allowed to enter from 1 June. Prime Minister Boris Johnson has earmarked 17 May as the earliest possible date for the resumption of foreign travel under his roadmap for leaving lockdown. Meanwhile, international travel out of the UK is currently prohibited under England’s lockdown rules, besides various exemptions including for work purposes. “The people of Malta are looking forward to tourists returning who have loved our sunshine, culture, food and warm spirit year in year out.” Share Malta joins Greece, Cyprus and Portugal in giving a firm date for when holidays might be possible for inoculated British travellers. Malta has so far vaccinated around 40 per cent of its adult population, making it second only to the UK in the list of European countries progressing with their vaccine rollouts. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeThe Legacy ReportMan Who Predicted 2020 Crash 45 Days Early Issues Next Major WarningThe Legacy ReportBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionLivestlyPlugs Have These Two Holes At The End, Here’s WhyLivestlyHomeLight.comDon’t Make This Mistake When You Sell Your Home. Try these 7 websites.HomeLight.comFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorFactableAluminum Foil Uses You’ll Want to KnowFactableLiver Health1 Bite Of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthBrake For ItSay Goodbye: These Cars Will Be Discontinued In 2021Brake For ItIkaria BeautyThe Best Lifting Face Method At Home (Only 20 Seconds)Ikaria Beauty Tolene Van Der Merwe, director of the UK & Ireland of Malta Tourism Authority, said: “Malta is a very popular destination for British holidaymakers and is a key contributor to Malta’s economy, so we are excited to welcome back fully vaccinated travellers from the United Kingdom from 1 June 2021. center_img Wednesday 31 March 2021 12:01 pm whatsapp Malta’s tourism minister Clayton Bartolo yesterday unveiled a €20m (£17m) aid package to kickstart the nation’s battered tourism industry. The country’s tourism-heavy economy lost €2.2bn annual spend during the pandemic last year. Passengers will be required to prove they have had both coronavirus jabs at least 10 days prior to arrival before boarding flights to the country, according to the Malta Tourism Authority (MTA). The former British colony still has red post boxes dotted around the island (Getty Images) Also Read: Malta to welcome vaccinated Brits from June Poppy Wood The former British colony still has red post boxes dotted around the island (Getty Images) The countries each announced earlier this month they allow tourists who have either been vaccinated, already been infected with Covid or who can provide a negative PCR test to visit from14 May. The UK is currently on Malta’s so-called red list of countries, meaning unvaccinated Brits are unable to enter the country. Show Comments ▼ More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comWhy people are finding dryer sheets in their mailboxesnypost.comSidney Crosby, Alex Ovechkin are graying and‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comConnecticut man dies after crashing Harley into live bearnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at whatsapplast_img read more

Syrian Artist Paints the Revolution

first_imgUncategorizedSyrian Artist Paints the RevolutionFadia Afashe doesn’t shy away from the horrors of the Syrian regime in her first U.S. showBy Virginia Isaad – November 29, 20121013ShareEmailFacebookTwitterPinterestReddItIf a picture is worth a thousand words, Syrian painter Fadia Afashe has plenty to talk about. Born and raised in Damascus, 35-year-old Afashe was an established artist in her homeland who studied with renowned Syrian painter Adnan Abed Al-Rahman while simultaneously earning degrees in art and criminal law. A passionate women’s rights activist, she developed and wrote the script for the documentary Suspended, which focused on how Arab rape laws do little to protect women.A long-time government employee, Afashe sought to escape the uprising and applied for a fellowship at the Humphrey School for Public Affairs. In June 2011, she left Syria to study at the University of Minnesota. Her husband, actor Jihad Abdo, later joined her, and together they set out to raise awareness about the atrocities being perpetrated by the Syrian government. Once again, Afashe’s dual passions, art and activism, went hand in hand.Out of her social justice work, Afashe developed I Rise, the first U.S. exhibition of her work. Evoking victims of the violence through her impressionistic paintings, Afashe uses stark contrasts through acrylic paint to embody the struggles of activists against the Syrian regime. Her show includes 14 paintings and will be on display at the Levantine Cultural Center through Dec. 31. Tonight (also at the Levantine), Afashe will speak at a screening of the documentary, The Suffering Grasses, which focuses on the deaths of Syrian civilians.What inspired you to develop “I Rise”?After the revolution, my point of view changed. I needed to be political, and the only way to express my pain was by painting. The only thing giving me hope were the young people. They said, “We will win, no matter the price and if the world abandons us. Even if it takes years to rebuild our country, we will rise.” That’s why I titled [the exhibition] that.How did you decide what to focus on in your paintings?They were people I knew personally or knew them as activists or victims. One of my paintings [“His Soul”] is of a 20-year-old relative of my husband who was part of the demonstration in Damascus. The regime captured and tortured him, and he died in front of his parents. Another painting, “The Alphabet of Freedom,” was inspired by a popular phrase we use, “Just freedom.” Anyone who uses it shows they are against the regime, so I painted different phrases from the revolution.As an activist safely living in the US, what is it like when you’re so far from home and still trying to support the revolution? It’s hard to be active outside your country. I painted Syrian musician Malek Jandali who used his music as his tool to help the revolution. Because he’s a U.S. citizen, they couldn’t hurt him so they went to his family in Syria, elderly people, and they beat them savagely. Unfortunately, even if we are living in a free country we are not totally free. My husband and I are doing all this activism, but every single night we are facing this fear that maybe they will hurt our family. At the same time, we can’t give up.You’ve given more than 30 speeches in the United States about the revolution. What do you talk about? I tell them that the shelling doesn’t exempt any area- airplanes are shelling our neighborhood where there are children and we don’t have shelter.  It’s important for people to know someone from Syria so people feel more connected through that person. When I came here I realized so many Americans are disconnected from that part of the world, they don’t really talk about politics and some don’t even vote; it was quite shocking for me. People should enjoy and practice their democracy, you can’t do that if you’re not active. I explain that we are global citizens and I want people to ask their representatives to help because we are looking for democracy in Syria. How do you feel about the media coverage in the U.S. of the revolution?I’m so depressed with the coverage. The media is playing a very negative role in shaping the political thinking for America. Americans don’t have the right access to the news. It’s very narrow coverage and doesn’t explain anything. It’s very biased, and you can tell when you turn on the TV which political party’s [perspective] it is. Americans at least have unlimited access to the internet; there’s great coverage there. In Syria there is no access because it’s expensive and there’s censorship. I feel like the world is allowing this genocide to happen every day and doing nothing. TAGSSyriaPainterLevantine Cultural CenterL.A. CultureFadia AfasheExhibitionArtistActivismI RisePrevious articleFirestone Walker XVI and Boulevard Brewing Launch at Steingarten L.A.Next articleSoundgarden at the Fonda: 2.5 Hours of DevotionVirginia Isaad RELATED ARTICLESMORE FROM AUTHORDuring the Pandemic, Frogtown’s Suay Sew Shop Took Its Activist Mission to the Next LevelProtesters Staged a Nighttime Demonstation at DA Jackie Lacey’s HouseThey Held on Through the Pandemic, and Now L.A.’s Black-Owned Bookstores Are Thrivinglast_img read more

A Letter To Leonard Cohen

first_imgMusicA Letter To Leonard CohenBy Steve Metcalf – November 11, 2016514ShareEmailFacebookTwitterPinterestReddItDear Mr. Cohen,Many years ago a friend of mine said that he thought “Famous Blue Raincoat” was a brilliant song, but that he didn’t think it was the kind of song one should listen to all by oneself on a rainy Sunday afternoon.Of course, at the next opportunity I did that very thing. I seem to have come through the experience undamaged.I can’t be sure, though.That’s one of the things about art, and music in particular. You can’t always know their longterm effects because, well, they’re longterm. For instance, I didn’t know until a few years ago that the line in “Raincoat” about “going clear” referred to Scientology. I had to quickly rearrange my so-called understanding.Another thing that your songs have always done is what Annie Dillard once said is the whole point of writing: to give us additional information on what it feels like to be alive.In your case, rascal that you were, the information tended to be ambiguous. Your record label called you the “master of erotic despair.” But, really, what help is that? None, although I confess I thought it was kind of a nice turn of phrase and that’s why I bring it up here.In any case, I never particularly heard despair in in your songs. A certain endearing self-mockery, perhaps, but not despair.I think some people were thrown off by the voice. It was, in round numbers, an octave lower than most male voices of the rock era (make that two octaves on your final album, You Want it Darker) and many listeners, unaccustomed to hearing men sing in that range, found it disconcerting, and possibly misleading. Low must mean despairing. In their defense, you did make even Dylan sound like, I don’t know, Michael Buble.Now, the voice has gone silent. The news of your passing was strangely unshocking. I mean, you’ve been thoughtfully telegraphing this event for a while now, beginning with that touching letter to Marianne Ihlen a few months ago, and continuing up through the recent New Yorker profile and the new album.Of course, just for laughs, you also said to somebody that maybe you would have a second wind. And that you were planning on living forever.I don’t know about the second wind.But as for the living forever piece: As long as there are listeners who are drawn to songs that gently lift them outside of themselves and deposit them somewhere else a good distance away, even when written and sung by men with deep, affectless voices accompanied on a nylon string guitar, I think you’re good.Sincerely,S. Metcalf Previous article10 Restaurants You Should Try This MonthNext articleThe Orbit Pavilion Is a Reminder That We Live in an Age of WonderSteve Metcalflast_img read more

Eight Talking Points as the Laois U-20 footballers set up Leinster final against the Dubs

first_img TAGSLaois U-20 footballersLaois v MeathTalking points GAA Eight Talking Points as the Laois U-20 footballers set up Leinster final against the Dubs Previous articleLaoisToday Local Election coverage honoured at NUI MaynoothNext articleA powerful new festival in the pipeline for Laois Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. Twitter Last night saw the Laois U-20 footballers record a relatively easy victory over Meath in O’Moore Park to reach the Leinster final against Dublin.Billy O’Loughlin’s men were in charge from the off as Alan Kinsella’s first half goal helped them build up a lead that they never relinquished.Here is a more in-depth look at how the game panned out:1 – Man of the Match – Ronan Coffey (Portarlington)This was a very good team performance with players like Seamus Lacey, Michael Dowling, Sean O’Flynn and Alan Kinsella all showing well but the nod goes to wing forward Ronan Coffey.The Portarlington youngster will have been disappointed to be substituted early in the win over Westmeath but he was excellent here. He kicked two fine points and ran up and down O’Moore Park tirelessly.A nasty collision with Matthew Costello, which left the Meath player with suspected broken shinbone, saw Coffey hurt his knee and have to be substituted five minutes from the end. Billy O’Loughlin will certainly be hoping he recovers in time to face the Dubs.2 – Savage defending Laois won this game by nine points but 1-13 represents their lowest total from all three of their games to date.So this victory was very much built in the way they defended. They held Meath scoreless from play in the first half and restricted them to just five shots on their goal in that period.In Michael Dowling and Alex Mohan they have two extremely sticky corner backs while Seamus Lacey has made the full back position his own with another powerful display.In the absence of the injured Jack Lacey, Sean O’Flynn returned from the seniors just in time and was outstanding while Dean Brophy and Colin Slevin were solid alongside him.3 – Byron’s crucial savesMatthew Byron has only conceded one goal in this championship so far – a last minute penalty against Kildare – and he made two crucial saves last night.The first came in the opening half when Daithi McGowen floated in an inviting high ball which Cian McBride got a hand to but Laois keeper Matthew Byron pulled off a fine save and clubmate Sean O’Flynn was there to clear the danger away.Then, in the second half, Meath had an even better chance ten minutes into the period. Jordan Morris caught a ball out of the clouds and popped it off to Cathal Finnegan who was in one-on-one with Byron but he pulled off a stunning save.Laois went down from this and got the next two points to put the game to bed with a quarter to play but Byron’s contribution, including his kick-outs, cannot be over-looked.4 – Return of O’Flynn and BarryMuch has been said already about the rule preventing those who play senior from playing U-20 and after missing the first two games of this championship because of this, Laois were thrilled to get both Mark Barry and Sean O’Flynn back last night.Barry hadn’t his best ever game but still managed to kick four points while O’Flynn was outstanding at centre back.His runs forward and his tackling back were very impressive and he really tightens up what already was a very functional defensive unit.5 – Big Dan is some weaponIt hasn’t always worked out for Dan McCormack over the three games but his stats do make for pleasant reading.He didn’t score against Kildare but was involved in many of the ten points that captain Diarmuid Whelan kicked that night.McCormack helped himself to 1-2 in extra time in the win over Westmeath and he added a point to his tally last night against Meath.He also set up the goal for Alan Kinsella and so far no defender has been able to cope with his height and power when left one-on-one with him.6 – Midfield domination Laois duo Rob Tyrell and Eoin Dunne ruled the skies once again in O’Moore Park as they won kick-outs galore. It was so difficult for Meath to win primary possession that they began kicking to the wings with many of Andrew Beakey’s efforts sailing over the sideline.Tyrell was substituted early in the second half after picking up a yellow card with Niall Dunne, and later Jack Owens, coming into that area where they also showed very well.7 – Possible championship hold up?The final of the Leinster U-20 championship is scheduled for Friday July 19 with the senior football championship set to get underway four days later when Courtwood take on Arles-Kilcruise.It may be considered a bit much to ask the likes of Matthew Byron, Sean O’Flynn, Alan Kinsella and Niall Dunne to go straight into that game so soon after the final.And of course if Laois defeat Dublin, they will be out in an All-Ireland semi final against the Connacht champions on either July 27-28 – which would certainly lead to a postponement.The CCC, like they did in the case of the Senior and Senior A hurling championships yesterday, will have to decide.8 – What’s Next?As said above, Laois will face Dublin in the final in O’Connor Park at 7.30pm on Friday July 19.The winner of the game will be in action the following weekend in the All-Ireland semi final against the Connacht champions.SEE ALSO – Classy Laois cruise past Meath challenge to reach Leinster U-20 football final Pinterest Pinterest WhatsApp Facebook GAA Here are all of Wednesday’s Laois GAA results Facebook By Alan Hartnett – 10th July 2019 RELATED ARTICLESMORE FROM AUTHOR GAA Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory Twitter Home Sport GAA Eight Talking Points as the Laois U-20 footballers set up Leinster final… SportGAAGaelic FootballLaois U-20 footballers WhatsApp 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshinlast_img read more

Inflation cooled to 1.7% in November

first_img Facebook LinkedIn Twitter Andy Blatchford U.S. economy is warming up, but unlikely to overheat: Moody’s Related news The agency’s latest data point showed the weakest year-over-year pace of inflation since January 2018 in a reading far more sluggish than October’s level of 2.4%. Inflation for September was 2.2%.Canada’s core inflation readings, which strip out volatile items like gasoline, also had a little less pep last month.Many experts said the inflation results Wednesday reinforced predictions the Bank of Canada will be in no rush to raise its benchmark interest rate target at its next policy announcement on Jan. 9.In fact, there are expectations the central bank could wait several months before its next move due to the combination of several recent economic developments.“With some of the volatility we’ve seen in the financial markets and the lower oil prices’ impact on economic activity in Western Canada, the Bank of Canada can afford to be cautious and will be in no rush to their next rate hike,” said James Marple, senior economist for TD Bank.The Bank of Canada, which can raise its trend-setting rate as a way to keep inflation from climbing too high, has introduced five hikes since the summer of 2017 in response to the stronger economy.Marple said the central bank’s next increase might come in March — and that may only be if crude prices move back up, market volatility abates and trade fears surrounding the U.S.-China relationship start to subside.“We only think they’ll go twice this year,” he said, referring to potential 2019 Bank of Canada rate hikes.Statistics Canada said the recent drop in global oil prices translated into a 5.4% price contraction at the gas pump in November, handing the gasoline category its first year-over-year decrease since June 2017.Excluding gas, the inflation rate would have increased 1.9% last month.Leading up to the report, analysts had projected inflation to slow thanks to weeks of cheaper prices at the pump. Economists had expected a increase of 1.8%, according to Thomson Reuters Eikon.“Bad news for Alberta has been good news for Canadian consumers, as cheaper gasoline has brought inflation down to earth,” CIBC chief economist Avery Shenfeld wrote in a note to clients.Prices softened in other areas as well. The cost of durable goods recoiled 0.1% last month, following a 0.9% expansion in October, as consumers paid less for furniture, tools and other household equipment compared with a year earlier.Downward pressure on prices last month also came from lower year-over-year costs for traveller accommodation, digital computing equipment and devices and telephone services.The main upward forces driving inflation were higher costs for fresh vegetables, airline tickets and mortgage interest.The average of the agency’s three core inflation readings slowed slightly to 1.9% last month, from 2% in October.All three core measures sat at 1.9% — below the ideal 2% target of the Bank of Canada. The core average has stayed close to the 2% bull’s-eye in recent months and November’s reading is the first time it slowed to 1.9% since June.The Bank of Canada pays close attention to core inflation ahead of its rate decisions.As governor Stephen Poloz weighs his next decision, experts expect him to remain focused on the recent plunge oil prices, the capacity of the energy sector to engage in business investment and the ability of Canadian households — many of which are saddled with very high levels of debt — to manage higher interest rates.The bank must also consider another concern — a sharp deceleration in wage growth over the past six months. The national unemployment rate has been near a 40-year low for more than a year, but wage growth has cooled instead of picking up its pace in the tightened labour market. Another jump in prices tightens the squeeze on U.S. consumers Keywords Inflation Cooling inflation has given the Bank of Canada another reason to keep interest rates on ice next month.The annual pace of inflation slowed in November to 1.7% as upward pressure from higher gasoline prices eased off, Statistics Canada said in a report Wednesday. Maintaining Profits economic growth chart businessmen illustration retrorocket/123RF Share this article and your comments with peers on social media Stagflation is U.S. economists’ biggest fear, SIFMA sayslast_img read more

Horizons CEO appointed board chair of CETFA

first_img“I thank Kevin Gopaul for his service to CETFA, where his leadership has seen the ETF industry achieve a number of exciting milestones, from outselling mutual funds last year for the first time in a decade, to an increasing number of entrants bringing new ETFs to market,” Hawkins said in a statement.Horizons was one of the founding members of CETFA, which currently has 20 ETF providers among its 46 members, after iA Clarington Investments and CIBC Asset Management recently joined the association.“Having worked alongside Steve Hawkins since CETFA began, I’m confident that his leadership, global profile and vision for the ETF industry will further propel ETF awareness and uptake,” CETFA president Pat Dunwoody said. 123RF Steve Hawkins, president and CEO of Horizons ETFs Management (Canada) Inc., has been appointed board chair of the Canadian ETF Association (CETFA).Hawkins, a 30-year veteran of the investment industry, succeeds Kevin Gopaul, global head of ETFs at BMO Global Asset Management, who has completed his two-year term. CETFA elects new board leader TD getting new head of private wealth, financial planning Facebook LinkedIn Twitter PenderFund names new SVP for investments Related news Keywords ETFs,  AppointmentsCompanies Horizons ETFs Management (Canada) Inc. Share this article and your comments with peers on social media IE Staff last_img read more

Clarke Urges Increased Investment in Agriculture

first_imgRelatedClarke Urges Increased Investment in Agriculture RelatedClarke Urges Increased Investment in Agriculture Advertisements Clarke Urges Increased Investment in Agriculture UncategorizedNovember 3, 2006center_img FacebookTwitterWhatsAppEmail Agriculture and Lands Minister, Roger Clarke, has called on persons with capital to invest in sustainable agricultural ventures.The Minister, who was addressing the Ministry’s road shows on ‘Profit-making ventures in agriculture’ on November 1 at the Golf View Hotel in Mandeville, noted that while some persons may have capital, they preferred to place it in fixed deposit accounts and not in agriculture.“This is not sustainable and it won’t go on forever, so it is time to invest in things that are sustainable,” he stated.The Minister acknowledged that while there were challenges within the sector, “we must let agriculture play a pivotal role in Jamaica’s development, and when I speak about development, I mean sustainable development”.“What we have to do right now is to begin to expand on the things that we have committed ourselves to do, so we are talking about a modern agriculture, which provides opportunities for all those who have an interest in it,” he stated.The show was the second of five being held across the island, aimed at harnessing greater private investment in agriculture, by highlighting opportunities in the sector where profit-making exist.In attendance were State Ministers of Agriculture and Lands, Victor Cummings and Errol Ennis; Permanent Secretary, Donavan Stanberry, Chief Technical Director, Don McGlashan, in addition to scores of farmers and business interests.The event featured presentations by industry experts on a range of topics including: Hot Pepper Investment Profile, Protected Cultivation and Hydroponics Production, Development of a Fruit Tree Crop Industry, Sheep and Pig Production and the Bee Keeping Industry.Information was also provided on land availability, irrigation and the procedure to follow in order to obtain financing and technical advice.The road shows, which got underway in Kingston on October 25, will stop at the Wexford Court Hotel in Montego Bay today (Nov. 3); Rooms on the Beach in Ocho Rios on November 15 and the Old Marina in Port Antonio on November 22. RelatedClarke Urges Increased Investment in Agriculturelast_img read more

Seizure of contraband and unauthorized items at Port-Cartier Institution

first_imgSeizure of contraband and unauthorized items at Port-Cartier Institution From: Correctional Service CanadaOn November 10, 2020, at approximately 9:30 a.m., correctional officers at Port-Cartier Institution, a maximum security federal institution, intercepted an inmate who was attempting to bring contraband into the institution.On November 10, 2020, at approximately 9:30 a.m., correctional officers at Port-Cartier Institution, a maximum‑security federal institution, intercepted an inmate who was attempting to bring contraband into the institution.This seizure is the result of the combined efforts of correctional officers, detector-dog team and security intelligence officers. The contraband and unauthorized items seized include 180 21-milligram nicotine patches, 139.26 grams of hashish and four USB keys. The total institutional value of this seizure is estimated at $41,256.The Sûreté du Québec has been notified. An investigation will be conducted and criminal charges may be laid in connection with this incident.The Correctional Service of Canada (CSC) has a number of tools to prevent drugs from being smuggled into its institutions. These tools include ion detectors and drug detector dogs for searching buildings, personal effects, inmates and visitors.CSC is heightening measures to prevent contraband from entering its institutions in order to help ensure a safe and secure environment for everyone. CSC also works in partnership with the police to take action against those who attempt to introduce contraband into correctional institutions.CSC has created an information telephone line for all federal institutions to obtain additional information about activities related to the security of CSC institutions. These can include activities related to drug use or trafficking that could threaten the safety of visitors, inmates or individuals working in CSC institutions.Use of the toll-free line, 1-866-780-3784, ensures that the information provided is protected and remains anonymous. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Canada, Criminal, Dogs, drug, environment, Government, incident, intelligence, investigation, police, Safety, security, U.S.last_img read more