Canadian dollar hits 6-day high as retail sales beat estimates

Canadian retail sales fell 0.6% in July, beating expectations of a 1.2% drop, while a preliminary estimate showed a sales rebound of 2.1% in August. Global markets rallied after the US Federal Reserve confirmed its intention to start slowing down stimulus and shares of struggling real estate developer China Evergrande surged ahead of a... Read More

Bhutan to pilot digital currency with Ripple technology

Bhutan’s central bank is to use Ripple’s private ledger CBDC to pilot a central bank digital currency. Building on its current payment infrastructure, the Royal Monetary Authority will pilot retail, cross-border and wholesale payment use cases for a phased digital Ngultrum using Ripple’s blockchain technology. “Our collaboration with Ripple is a testament to the... Read More

Arctic Oil, gas production is booming despite climate fears

(Bloomberg) – Oil and gas companies are being funded by some of the biggest names in finance to exploit the vast natural wealth of the Arctic, even as warnings mount about the melting ice cap due to global warming. human origin. Bloomberg’s Most Read Gazprom PJSC, ConocoPhillips and TotalEnergies SE are among energy companies... Read More

Fed announces cut bond purchases “soon” and rate hike next year

Fed policymakers predict decline in bond purchases to end in 2022 Powell links withdrawal to September jobs report Inflation is expected to be above Fed target for four years WASHINGTON, Sept.22 (Reuters) – The U.S. Federal Reserve said on Wednesday it would likely start cutting its monthly bond purchases as early as November and... Read More

Oil bulls test after Fed rebound below 1.2800, US PMI and Canadian retail sales in sight

USD / CAD is struggling to keep the rebound off the week’s low. The Fed’s tapering sparked the latest rally, but bullish pairs appear to be struggling with the details. Growth optimism, news from China favors oil buyers encouraging EIA inventory drawdown. Preliminary US Markit PMIs for September, Canadian retail sales for July will... Read More

How Charitable Donations Can Get You An Extra Tax Deduction This Year

Photo: Dean Drobot (Shutterstock) If you are like 87% of declarers that take the standard deduction, you probably don’t think much about deducting charitable donations. However, a provision in last year’s COVID relief plan leavess you do just that, without having to itemize your taxes — up to $ 600 for joint filers. The... Read More

Starbucks plans global expansion of greener stores focused on sustainability

Starbucks said on Wednesday it will expand its greener store setting by opening the first prototype outside of North America in Shanghai, China. The Shanghai-based Greener Store will open on September 30 and is the first of three experiential locations designed to immerse customers in Starbucks’ “Planet Positive” commitments. The next experiential stores will... Read More

One-third of all digital retail sales will be made by stores

Almost a third of all digital retail transactions will be done through a physical brick-and-mortar location, as more online orders are connected to stores, according to a new study from Colliers. In 2020, just under 22% of digital sales were made through omnichannel methods. “This continuity has forced retailers to adapt their in-store operations... Read More

South African rand strengthens as Evergrande deal increases risk appetite

People chat outside a reception with an electronic board displaying the movements of major indices in the Johannesburg Stock Exchange building in Sandton Johannesburg, March 14, 2016. REUTERS / Siphiwe Sibeko / File Photo JOHANNESBURG, Sept.22 (Reuters) – The South African rand strengthened on Wednesday as risk appetite improved after the China Evergrande group... Read More

Sneaker shortage, other supply chain issues are slowing back-to-school sales

The 2020 back-to-school shopping season was the worst in Sneakerology history. Children who attend classes virtually from home due to the COVID pandemic can do so barefoot if they choose. The owners of the 12-year-old business with two stores, in Manhasset and Greenvale, were hoping that the return of students to in-person classes in... Read More