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iPolitics By Kady O Malley. Published on May 2, 2021 4:00pm Prime Minister Justin Trudeau, pictured working in Ottawa in February, could be a facing a House call to fire his longtime chief of staff, Katie Telford. (PMO handout/Twitter) Having secured the necessary albeit grudging approval of the House for the policy outlined in her inaugural budget speech, Finance Minister Chrystia Freeland now faces a second, possibly even higher-stakes cross-aisle challenge: convincing at least one opposition party to back her bid to implement some of the measures laid out in last month’s presentation, courtesy of the 366-page omnibus bill dropped onto the Commons docket on Friday. ....
In New York, the Dow Jones industrial average was down 185.51 points at 33,874.85. The S&P 500 index lost 30.30 points at 4,181.17, while the Nasdaq composite was down 119.87 points at 13,962.68 to end its sixth-straight monthly gain. Nearly 90 per cent of the more than half of U.S. companies reporting first-quarter results so far have beat expectations, the highest level in years. And GDP numbers in the U.S. and Canada have been stellar, with Canada reporting Friday that the economy grew at an annual rate of 6.5 per cent through the first quarter. So a lot of positive things that the markets have digested, but on the flipside, there s a couple of sound bites that came out in early afternoon that were more negative and that led to the acceleration of the losses, said Macan Nia, senior investment strategist at Manulife Investment Management. ....
Eric Nuttall s Top Picks: April 30, 2021 BNN Bloomberg VIDEO SIGN OUT FOCUS: Energy stocks MARKET OUTLOOK: Oil has entered a multi-year bull market, given normalizing demand and structural supply challenges. With the successful vaccine rollout (in most areas of the world) we look for demand to reach pre-pandemic levels by the end of 2021. This will allow for OPEC to return the majority of their curtailed production back onto the market, thereby exhausting its spare capacity. The priority is the return of capital over growth and premium inventory exhaustion. The era of U.S. shale hyper growth is over; this is a watershed event for the sector given shaleâs disruptive role over the past decade, which led to price wars, billions of dollars of shareholder capital lost, and artificially low oil prices. Looking forward as inventories normalize in the coming months and head into steep deficit, we see the need for either global offshore production growth (c ....
Friday's analyst upgrades and downgrades - The Globe and Mail theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
Whitecap touts carbon capture growth opportunities, reports Q1 record production jwnenergy.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jwnenergy.com Daily Mail and Mail on Sunday newspapers.