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Msg  68971 of 69198  at  1/22/2021 10:47:41 AM  by


Morning News Call TD






Canada deporting thousands even as pandemic rages
Canada deported thousands of people even as COVID-19 raged last year, data seen by Reuters shows, and lawyers say deportations are ramping up, putting people needlessly at risk in the midst of a global health emergency.

Yellen vote in U.S. Senate committee to test support for Biden economic plan
The Senate Finance Committee will vote on Janet Yellen's nomination for Treasury secretary, an early litmus test of bipartisan support for President Joe Biden's ambitious plans for coronavirus relief, infrastructure investment and tax hikes.

• In blow to Trudeau, queen's representative in Canada quits after harassment allegations
Canadian Governor General Julie Payette, the representative of the country's head of state, Queen Elizabeth, quit on Thursday amid allegations of workplace harassment in an embarrassment for Prime Minister Justin Trudeau.

• Biden to sign order to increase pandemic-related food aid
U.S. President Joe Biden will sign two executive orders aimed at speeding pandemic stimulus checks to families who need it most and increasing food aid for children who normally rely on school meals as a main source for nutrition.

• Long queues as China's capital launches mass virus tests
Beijing launched mass COVID-19 testing in some areas and Shanghai was testing all hospital staff as China battles its worst outbreak of the disease since March, with families fretting over Lunar New Year reunion plans amid new curbs.

Futures for Canada’s main stock index fell, as oil prices tumbled on demand concerns sparked by pandemic restrictions in China. U.S. stock futures fell, along with world shares, as disappointing economic data across the globe and new pandemic restrictions in China dented a rally backed by hopes of U.S. stimulus by President Joe Biden. The U.S. dollar was little changed. Gold prices slumped as U.S. Treasury yields rose. Retail sales data is due for release later in the day.


• Northern Dynasty Minerals Ltd: The diversified Canadian miner said on Thursday its U.S. subsidiary Pebble Limited Partnership has filed an appeal with the U.S. Army Corps of Engineers (USACE) over its decision to deny a key water permit for the contentious Pebble Mine in Alaska. The USACE denied the Clean Water Act permit in November because the plan submitted by the Pebble Limited Partnership detailing how it would handle the project's waste in the ecologically sensitive area did not comply with guidelines. "Additional details about the Pebble Partnership's RFA (request for appeal) submission will be released in the days and weeks ahead," Northern Dynasty Minerals said on Thursday. Pebble Mine Partnership Chief Executive John Shively said at the time of the permit's denial that the decision was political and that the project had included necessary safeguards.


Vaccine races and currency wars: Mike Dolan
A collision of vaccine races, early policy reversal and even currency wars could well give investors a headache this year. Speed in ending the pandemic is clearly critical to all economies and markets. And strategists everywhere are pouring over relative rates of vaccine rollouts for a lead on whose national herd reaches immunity first - with obvious implications for businesses, consumers and markets.

• Air Canada: ATB Capital Markets raises target price to C$28 from C$27.50, expecting the company to make it to the other side of the pandemic and leveraging a more efficient cost structure and fleet in a recovery.

• Metro Inc: RBC cuts target price to C$65 from C$68, reflecting softer expectations from the pharmacy channel due to restrictions on the sale of non-essential items, store capacity limitations and relative absence of the seasonal flu. 

ECONOMIC EVENTS (All timings in U.S. Eastern Time)
0830 (approx.) Retail sales mm for Nov: Expected 0.1%; Prior 0.4%
0830 (approx.) Retail sales ex-autos mm for Nov: Expected 0.3%; Prior 0.0%

January 22 & 25:
No major companies are scheduled to report.

No major events are scheduled for the day.

AltaGas Ltd: Amount C$0.08
Pembina Pipeline Corp: Amount C$0.21

(All analysts' estimates are according to I/B/E/S Refinitiv data)


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