Canada Is Running Low On Cheap Labor As Immigration Remains Minimal: BMO
10/01/2021 11:42 AMImmigration to Canada is improving from pandemic lows, but it’s still weak. A BMO economics analysis shows the net flow of non-permanent residents was minimal in Q2 2021. It’s better than the beginning of the pandemic when the flows were negative, but not by much. The...
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El Salvador has just started mining bitcoin using the energy from volcanoes
10/01/2021 10:22 AMEl Salvador has mined 0.00599179 bitcoin, or about $269, with power harnessed from a volcano. President Nayib Bukele – who has banked his political future on a nationwide bitcoin experiment – tweeted early Friday morning that this is the country’s maiden voyage into...
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Affirm’s ‘super-app’ ambitions win praise as company plots debit, crypto moves
10/01/2021 9:59 AMAffirm Holdings Inc. is joining the ranks of fintech companies vying for “super-app” status as the company plans a series of feature introductions that will broaden its platform beyond buy-now pay-later capabilities. Fintech companies in the U.S. are increasingly...
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Canadian economy bounces back during summer reopenings
10/01/2021 9:53 AMCanada’s economy returned to growth as consumers headed back to restaurants and entertainment venues, propelling spending on services. Gross domestic product rose 0.7 per cent in August, Statistics Canada said in a flash estimate from Ottawa. That’s a reversal from...
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New Zealand is considering launching its own digital currency as it sees opportunity for payments innovation
09/30/2021 11:28 AMNew Zealand's central bank is looking at the potential of creating a digital currency, with officials in a report Thursday saying such a project could foster further innovation in the country's payments system. The Reserve Bank of New Zealand sought public feedback on...
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Gold price shoots higher on US labor data disappointment
09/30/2021 10:10 AMGold prices advanced past the key $1,750 level on Thursday as investors sought haven after a new labor report pointed to an uneven recovery in the US jobs market. Spot gold rose 1.7% to $1,757.38 per ounce by 11:55 a.m. EDT, its highest level in more than a week. US...
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Compound supply bug mistakenly rewarded users with $70M in tokens
09/30/2021 10:05 AMDecentralized finance (DeFi) interest rate protocol Compound Finance has reported a token distribution bug within its newly implemented Proposal 062, which is over-rewarding suppliers into the tens of millions of dollars. The upgrade was designed to “split COMP...
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Someone is betting that oil will soar to a record US$200 a barrel
09/30/2021 9:55 AMCould the energy crunch get so bad that oil prices hit US$200 a barrel? One options trader thinks so. Brent US$200 calls for December 2022, options contracts that would profit a buyer from a rally toward that level, traded 1,300 times on Wednesday. While the contracts...
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G-7 Ministers Set to Meet on Reopening International Travel
09/30/2021 9:49 AMTransport and health ministers of the G-7 countries are due to meet virtually on Thursday to discuss ways to restart international travel, according to people familiar with the matter. The meeting is being organized by the U.K., which holds the presidency of the Group...
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Schachter’s Eye On Energy – September 29th
09/29/2021 11:29 AMEach week Josef Schachter will give you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline &...
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