Tag: Press

Financial Coverage Report Press Meeting Opening Statement

Superior morning. Thank you for joining me to go over today’s policy announcement and the Bank’s Financial Plan Report (MPR).

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Our message these days is threefold. 1st, the present-day surge of COVID-19 is a significant setback. With elevated infection costs and stricter containment steps in lots of parts of the country, households and enterprises are going through renewed strains. The economic system is slowing, and high-make contact with functions are after yet again becoming strike most difficult.

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Next, with effective vaccines now rolling out, the prospective customers for a sturdy, sustained restoration as a result of the 2nd 50 percent of this 12 months have enhanced in Canada and across most advanced economies.

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And 3rd, the Bank of Canada will keep on to aid Canadians and the Canadian economic climate via these challenging times.

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In advance of turning to your queries, let me say a handful

Higgins & Stefanik guide bipartisan press for motion on US-Canada border plan

Fri, Jan 29th 2021 10:25 am

Northern border caucus co-chairs make tips as Biden administration examines upcoming measures

Congressmembers Brian Higgins, D-NY-26, and Elise Stefanik, R-NY-21, who serve as co-chairs of the congressional northern border caucus, are leading a bipartisan letter producing numerous tips to President Joe Biden’s administration supporting chances to increase the present predicament at the U.S.-Canada border.

Higgins reported, “For communities like Western New York, a trip across the border feels like a vacation throughout the avenue. And just after nearly a year divided, we are in desperate need of a program to reconnect with our Canadian neighbors. The pandemic makes difficulties, but operating collectively we can produce guidelines that protects and advantages communities on the two sides of the border. We are joyful to share the perception we’ve attained centered on the feedback we have obtained in new months and expect it can be a useful

The Conference Board of Canada Forecasts Economic Growth In 2021 And 2022 – Press Release

Ottawa, Ontario, Jan. 12, 2021 (GLOBE NEWSWIRE) — The Conference Board of Canada has released its two-year economic outlook and forecasts that real gross domestic product (GDP) will grow 5.3 per cent in 2021 and 3.5 per cent in 2022 respectively.

The growth forecasts for the next two years follow an estimated economic contraction of 5.3 per cent in 2020, one of the deepest recessions in modern times. Going forward, the strength of Canada’s economic recovery will largely depend on the successful distribution of vaccines against COVID-19.

“The news that safe and effective vaccines against COVID-19 have begun to be distributed has provided optimism that the pandemic could soon be beaten,” says Pedro Antunes, Chief Economist at The Conference Board of Canada. “A successful rollout of vaccines will encourage Canadian households to spend some of what they’ve amassed in savings over the past year, which will help bolster the economy.”

Abaxx Systems Announces Graduation of Trading on Canada’s NEO Stock Trade | 2020-12-17 | Press Releases

TORONTO, Dec. 17, 2020 (World NEWSWIRE) — Abaxx Systems Inc. (“ Abaxx &CloseCurlyDoubleQuote) is delighted to announce it has received ultimate acceptance to listing on the Neo Exchange Inc. (the ” NEO “) in Canada and will start buying and selling on December 18, 2020 below the symbol “ABXX”. Abaxx correctly done the beforehand declared reverse takeover with New Millennium Iron Corp. (” NML “) on December 14, 2020 pursuant to the conditions of a small business mix agreement dated September 18, 2020. For much more information, please refer to NML&CloseCurlyQuotes press launch dated December 11, 2020.

Abaxx will start investing on the NEO Stock Trade less than the ticker image ABXX and will have 63,558,062 shares fantastic at the get started of trading. A filing statement organized in accordance with the guidelines of the NEO is obtainable on SEDAR at www.sedar.com

About Abaxx Technologies

Abaxx Systems Inc. is a