Canada

Loonie Surges After Hawkish Bank Of Canada Sees Faster Recovery, Warns Of Upside Inflation Risk

As expected, the Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank also kept its guidance and QE program unchanged at its current pace of at least $4 billion…

Clean Energy Hydro Plant In Canada Dubbed A "Boondoggle" After Economists Predict $8 Billion In Losses

Today in “proof governments are horribly inefficient capital allocators” news… British Columbia is currently in the process of trying to erect a massive hydro dam called the “Site C Clean Energy Project” on the Peace River. The point of erecting the dam was to implement the province’s “green and clean” energy policy and try to create…

Canada Latest To Approve Pfizer Jab; UAE Says Sinopharm COVID Vaccine 86% Effective: Live Updates

Summary: Canada approves Pfizer vaccine China Sinopharm Vaccine has 86% efficiency, UAE says South hospitalizations top springtime peak Worst-hit midwestern states slow Iran reports 10K+ new cases Dutch extends lockdown, announces more aid AstraZeneca warns people with allergies not to take its vaccine * * * Update (1110ET): China’s Sinopharm has finally received approval from…

Canada Warns Conspiracy Theorists Could Burn 5G Towers, Claiming Link To Virus 

A conspiracy theory linking 5G to the coronavirus has spread like wildfire this year. In April, numerous 5G towers were set on fire by folks in Britain who believed that radiation from the towers was contributing to the spread of COVID-19. Now Canada’s intelligence service has warned in a new confidential report, seen by Global News, that violent…