Month: February 2022

Gold price hits $1,900 on mounting Russia-Ukraine tensions and recession fears

Anna Golubova Gold prices soared to eight-month highs as investors fled to the safe-haven metal on economic growth concerns and rising Russia-Ukraine tensions. Analysts see more upside for gold, pointing to $1,903-$1,923 as the critical resistance range. “There is a lot of different angles to look at gold right now – from the macro, geopolitical, …

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FOLLOWING RECENT MERGER, STARTUP MONTRÉAL ANNOUNCES PROGRAM TO SPUR LATE-STAGE GROWTH

The Government of Québec has committed $6.5 million to the program. Startup Montréal has teamed up with Silicon Valley’s Apexe Global to launch Hypergrowth Québec (Hypercroissance Québec), a new mentorship and global commercialization program for late-stage Québec startups. The Government of Québec has committed $6.5 million CAD towards the program over the next two years. Through the provincially-backed …

FOLLOWING RECENT MERGER, STARTUP MONTRÉAL ANNOUNCES PROGRAM TO SPUR LATE-STAGE GROWTH Read More »

Potential Russian invasion of Ukraine could tip economies into an ‘outright recession’ – Morgan Stanley

Anna Golubova Monday February 14, 2022 With risk asset returns already under a lot of uncertainty, Morgan Stanley is warning that a potential war in Ukraine could tip some economies into a recession and present a ‘polar vortex’ risk to stocks. A potential Russian military action in Ukraine “materially increases the odds of a polar …

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Trudeau plans to invoke Emergencies Act in response to protests: sources

Act grants cabinet ability to take ‘special temporary measures that may not be appropriate in normal times’ Prime Minister Justin Trudeau has told his caucus he will invoke the never-before-used Emergencies Act to give the federal government extra powers to handle anti-vaccine mandate protests across the country, sources say. Those sources, who were not authorized …

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Ontario to remove vaccine passport system on March 1, masking requirements to remain in place

All capacity limits in restaurants, bars, cinemas and gyms will be lifted on Thursday The Ontario government will remove its proof of vaccination system on March 1, and is moving up the second phase of its COVID-19 reopening plan to Thursday. The province said in a news release on Monday that, despite removing the vaccine passport system, businesses and other …

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Supercomputer helps Canadian researcher uncover thousands of viruses that could cause human diseases

Team discovered more than 130,000 RNA-based viruses, including 9 coronaviruses Tracking pathogens that could spark future pandemics is no easy feat, but thanks to the help of a supercomputer, a Canadian researcher is among a team of scientists who’ve uncovered thousands of viruses that might one day pose a threat to humans. Dubbed the Serratus Project, …

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Ottawa close to removing pre-arrival COVID-19 test for fully vaccinated Canadian travellers: sources

Testing travellers is pointless due to Omicron’s ubiquitous spread, say some doctors The federal government is close to removing mandatory PCR testing for fully vaccinated Canadians who travel outside Canada, sources tell CBC News. Currently any person who travels outside of the country must provide proof of a negative molecular test (such as a PCR test) prior …

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Aurora Cannabis Stock Trims Losses, Tops Estimates

Aurora Cannabis TSX:ACB) reported a loss of $75.1 million for the second quarter, with the cannabis company’s growth outlook shaky, as it attempts to expand in international markets. Aurora Cannabis stock reported a loss of $75.1 million, with net revenue falling 48% year over year. Adjusted EBITDA improved by 22% year over year to a loss …

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Canadian dollar adds to weekly gain as oil prices climb

TORONTO (Reuters) – The Canadian dollar strengthened against its U.S. counterpart on Friday as higher oil prices offset signs of domestic economic damage from the occupation by protesters of key border crossings between the United States and Canada. The price of oil, one of Canada’s major exports, rose after the International Energy Agency (IEA) said oil markets …

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Canadian pipeline operator Enbridge reports higher profit as oil volumes rise

By Arunima Kumar and Rod Nickel (Reuters) -Enbridge Inc reported a nearly 4% jump in fourth-quarter profit on Friday, as a recovery in fuel demand boosted the Canadian pipeline operator’s oil transportation volumes, but it missed earnings expectations. Pipeline operators have benefited from a pick-up in volumes with crude prices trading at multi-year highs. Oil …

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