Category: Canada Market News

Article content continuedDespite Wednesday’s stock gain, there was skepticism that Ma’s appearance meant all was well.“What his actual state is will be completely up to Beijing to reveal to us,” Leland Miller, CEO of U.S.-based consultancy China Beige Book. “What we do know is whether Jack is running around, Jack is hiding or something else, Alibaba is not in the clear. There is a lot more of the...

TORONTO, Jan. 20, 2021 (GLOBE NEWSWIRE) — Ninepoint Partners LP (Ninepoint Partners) announced today that it proposes to merge (the Merger) Ninepoint Concentrated Canadian Equity Fund (the Terminating Fund) into Ninepoint Convertible Securities Fund (the Continuing Fund). The Terminating Fund will cease to be available for sale effective immediately. Following the Merger, pre-authorized purchase plans established for purchases of units of the Terminating Fund will be immediately transferred to the equivalent...

Article contentWASHINGTON — President Joe Biden’s proposal for a $1.9 trillion COVID-19 relief package was based on an assessment of specific needs, White House Press Secretary Jen Psaki said on Wednesday, when asked about Republican objections about the total cost.“The package wasn’t designed with the $1.9 trillion as a starting point. It was designed with the components that were necessary to give people the relief that they needed,”...

Article contentSEOUL — South Korean exports expanded at a much faster pace in the first 20 days of January, driven by strong demand from major trading partners and underpinned by crucial sales of chips, cars and mobile devices.Outbound shipments increased 10.6% from a year earlier to $28.23 billion in Jan. 1-20 period, customs agency data showed on Thursday, picking up from a gain of 1.2% in the comparable...

Article content continuedIf Yellen answers members’ questions quickly, there is an outside chance her nomination could be rushed through, but the sources said it was more likely to be voted on early next week.The Treasury named Didem Nisanci as chief of staff and Calvin Mitchell as assistant secretary for public affairs and Jacob Leibenluft as counselor to the Treasury secretary.Nisanci, previously Bloomberg LP’s global head of public policy,...

Article contentTesla Inc’s vehicle registrations in the U.S. state of California jumped nearly 63% during the fourth quarter compared with last year, largely due to the success of the company’s Model Y, according to data from Cross-Sell https://info.cross-sell.com/tesla-special-report-0, a research firm that collates title and registration data.The automaker reported better-than-expected 2020 vehicle deliveries earlier this month, driven by a steady rise in electric vehicle adoption, even though it...

Article content continuedThe Trans Mountain deal did little to win him support in western Canada; Trudeau’s party won no seats in Alberta or neighboring Saskatchewan in 2019. Another election could come as early as this spring.The end of Keystone “will help feed the resentment that Albertans feel toward the rest of the country,” said George Hoberg, a political scientist at the University of British Columbia.The new president’s executive...

Article content continuedAbout Nextech ARNextech is one of the leaders in the rapidly growing Augmented Reality marketestimated to grow from USD $10.7B in 2019 and projected to reach USD $72.7B by 2024 according to Markets & Markets Research; it is expected to grow at a CAGR of 46.6% from 2019 to 2024.The company is pursuing four verticals:Virtual Experience Platform (VXP): An advanced Augmented Reality and Video Learning Experience...

Alberta Premier Jason Kenney said U.S. President Joe Biden's decision to revoke the permit for Calgary-based TC Energy's Keystone XL pipeline was a "gut punch," characterizing it as a direct attack on the trade relationship between the two countries."Sadly, this is an insult directed at the United States's most important ally and trading partner," Kenney said during a press conference held Wednesday. Kenney said he was calling on Prime Minister...

Article contentTOKYO — Japan’s exports rose 2.0% inDecember from a year earlier, Ministry of Finance (MOF) datashowed on Thursday, posting the first annual increase in twoyears and reflecting a pick-up in overseas demand despite theongoing COVID-19 pandemic.The rise compares with economists’ median estimate for a2.4% increase in a Reuters poll. It followed a 4.2% decline inNovember.Imports fell 11.6%, against the median estimate for a 14.0%decrease, bringing the trade...

Article contentThe developer of the first major U.S. offshore wind farm said on Wednesday it will soon apply for a federal permit from President Joe Biden’s administration, after former President Donald Trump’s government abruptly canceled its initial application last month.Vineyard Wind will resubmit its construction plan to the Bureau of Ocean Energy Management “very very soon,” Avangrid Inc CEO Dennis Arriola said in an interview, without specifying an...