Ebene News – CA – North America’s First Bitcoin ETF Launches Today in Canada

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North America’s first exchange-traded fund (ETF), created to track the price of bitcoin, begins trading in Canada today, after beating the US to the punch with the latest regulatory approval last week

Investors who buy the Purpose Bitcoin ETF will have two options Unhedged Canadian dollar denominated currency version trades under the symbol BTCCB The US dollar version ticker is BTCCU

It can be held in registered accounts like an RRSP, TFSA or RESP and the annual management fee is 1%

Som Seif, Founder and CEO of Purpose Investments, believes Canadian regulators felt it was an important product for the market

“Investors are already saying we’re going to own this asset, one way or another,” he told Yahoo Finance Canada

“I think regulators probably recognize that it’s probably better to put this in a regulated structure rather than an unregulated structure”

Directly owning Bitcoin has its risks Exchanges have been hacked, storage keys can be lost and passwords can be forgotten Seif says ETF is removing these risks from the equation

He also says that the structure of the ETF means that it will follow the price of bitcoin better than other available vehicles like closed funds and exchange-traded notes due to their premiums of up to 70%.

“A formal ETF structure provides daily liquidity and a daily rating to market makers and market makers and their only job is to ensure that the price of the ETF and the price of the net asset value ETFs are directly linked and traded throughout the day that way “he said

Besides not having a bounty what makes the Purpose ETF unique is that it contains bitcoin directly Every dollar entering the fund means that it will have to buy a dollar of bitcoin Others investment vehicles follow forward contracts, which leads to a contango effect

“If you just hold the futures and roll the futures, you run the risk of underperforming bitcoin over time, as it is calculated as a futures price as opposed to a current price” said Seif

“So whenever you have the capacity it’s no different from gold or oil or something like that But if you can own the asset directly you still get the cash value pure assets “

Bitcoin remains a volatile and risky asset, so Seif says it should represent less than 5% of the average investor portfolio

Last week, Bank of Canada Deputy Governor Timothy Lane warned cryptocurrencies were a ‘speculative fad’ and ‘flawed payment method’ as the price of bitcoin hit a high record

He also said that Canada’s central bank is working on its own digital currency University of Calgary researchers are helping the bank One of these researchers claims the risks of buying the ETF Purpose compared to the direct purchase of Bitcoin are different

“On the one hand, investing in this fund could be a bit safer if we believe that the fund’s custodian is better able to protect bitcoin from hacker attacks than the individual investor,”

“On the other hand, investing can be a bit riskier if the price of the fund doesn’t closely track the price of bitcoin, which we call basis risk.University of Calgary associate professor Alfred Lehar told Yahoo Finance Canada

Lehar says he thinks bitcoin is here to stay but doesn’t see it as an important channel for making payments in the near future

“In the long run, we should invest our money in assets that generate a certain value, such as companies that innovate or produce the goods we need,” he said.

“Bitcoin has no intrinsic value but it is available in limited supply, in that sense it is similar to gold”

Woolsey Pharmaceuticals, a clinical-stage company developing treatments for neurodegenerative diseases, today announced the first patient’s dosage with BRAVYL in its FOUND (Fasudil for Uncontrolled waNDering) study for patients with dystrophy. Alzheimer’s and vascular dementia who have runaway or get lost wandering behaviors The company also announced that the first patient in its ROCKIT-1 (ROCK inhibitor in tauopathies – 1) trial of BRAVYL in patients with supranuclear palsy progressive (PSP) and corticobasal syndrome (CBS) started treatment

Mahler: Symphonies 1-10 review – a sumptuous Berlin Phil goes from glib to the sublime Berlin Philharmonic / Harding / Nelsons / Dudamel / Nézet-Séguin / Petrenko / Rattle / Haitink / Abbado (Berliner Philharmoniker, 10 CD & 4 Blu -ray Discs, or download) This gigantic undertaking, of all Mahler’s symphonies with different conductors over the past decade, brings varying musical results

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PARIS – European aircraft manufacturer Airbus lost 11 billion euros ($ 1.3 billion) last year amid an unprecedented global slowdown in air travel due to the pandemic, but plans to deliver hundreds of planes and make a profit in 2021 despite uncertainty over when people will resume mass flight Airbus is also pushing to negotiate a ‘ceasefire’ soon in its multi-year trade dispute with US rival Boeing, in the hope that the Biden administration will be more willing than the Trump administration to a deal The dispute has led to billions of dollars in tit-for-tat transatlantic tariffs on planes, cheese, wine, video games and other products Airbus CEO Guillaume Faury acknowledged on Thursday that the company’s performance last year was “far from expectations” and had to constantly adapt as airlines block planes – or retreat full ement – due to travel restrictions Airbus announced in June that it would cut 15,000 jobs, mainly in France and Germany “The crisis is not over This will probably remain our reality throughout the year”, said Faury “Airlines will continue to suffer” and “burn money”, he warned Airbus does not expect the industry to return to pre-pandemic levels until 2023- 2025, and when it does, Airbus predicts that environmental concerns will be increasingly important to passengers and airlines, so it increases investments in hydrogen and low-emission aircraft Airbus sales fell to 499 billion euros from 70 billion euros the previous year The company also reported a loss in 2019 due to a major multinational corruption settlement Airbus delivered 566 planes the year last and plans to deliver roughly the same number this year, the company said. It took 268 commercial aircraft orders, up from 768 the previous year Both figures were well below normal in recent years, but higher than struggling Boeing Boeing Co had increased orders and deliveries of new planes in December, but that was not enough to save the year It notably suffered from the continued cancellations of its 737 Max, which was grounded for 21 months after crashes in Indonesia and Ethiopia killed 346 people With the two aircraft manufacturers facing a long and difficult recovery, the chief executive of Airbus called the US-European tariffs a “losing situation” for all Tariffs stem from a dispute over state subsidies to Airbus and Boeing that each side calls unfair After trade tensions escalated under Trump’s presidency, Faury said: “We think the situation is in place to start with a ceasefire, suspend tariffs , hold negotiations and move forward”Airbus greeted good news last year: an agreement negotiated between Britain and the EU to reduce trade disruptions after Brexit was finalized on December 31 Faury insisted Thursday that U of AirbusK factories” have a very, very important role to play for the future of Airbus “Overall, however, the outlook remains bleak for the aeronautics industry Also Thursday, Air France-KLM announced that it had plunged to 71 billion euros ($ 8 billion) in losses in 2020 as travel restrictions and concerns led to a 67% drop in passenger numbers at the Franco-Dutch company CEO Ben Smith said carriers are now looking for improvement in 2021 ” as soon as the vaccination is rolled out on a large scale and the borders reopen again ”___ Mike Corder in The Hague, Netherlands, contributed ___ Follow all the AP stories on the coronavirus pandemic at https: // apnewscom / coronavirus hub / pandemic Angela Charlton, The Associated Press

Sanderson Farms, Inc (NASDAQ: SAFM) today announced that it is holding its annual meeting of shareholders in a virtual format this morning In formal business conducted at the meeting, shareholders re-elected four directors of class B for terms expiring at the 2024 annual meeting Management also reported on the performance of the company during fiscal year 2020 and presented outlook for fiscal year 2021 Reelected for a term of three years, John Bierbusse, retired vice president and director of research administration, Ag Edwards; Mike Cockrell, Treasurer, CFO and General Counsel of Sanderson Farms, Inc; Edith Kelly-Green, Partner, The KGR Group; and Suzanne T Mestayer, Owner and Managing Director, ThirtyNorth Investments, LLC

Kite Hill PR, one of the leading agile and growth-driven technology PR agencies, has been selected by leading logistics technology platform Web Integrated Network (WIN) as Kite of choice PR agency Hill won the company after a competitive review process and will lead public relations, thought leadership and marketing strategy for the logistics and supply chain platform

Quanterix Corporation (NASDAQ: QTRX), a company that digitizes biomarker analysis to advance precision health science, today announced that President, CEO and President Kevin Hrusovsky, will be presenting at the 10th annual SVB Leerink Global Healthcare conference, taking place virtually February 22-26, 2021 Hrusovsky’s presentation will be on Friday, February 26 at 9:20 a.m. EST

NEW YORK – Walmart is raising the wages of 425,000 of its 15 million US workers and investing $ 14 billion this year to accelerate its distribution network as the nation’s largest retailer undergoes sweeping changes in the industry that were accelerated by the pandemic Walmart Inc reported a mixed performance Thursday for the fourth quarter It swung into a loss partly due to costs related to the pandemic, and the sale of its Japan and UK divisions But sales have jumped 74% during the period that includes the critical holiday shopping period Sales of stores open at least one year increased 86%, up from 64% in the previous quarter While online sales increased 69% , this is down from a peak of 80% in the previous period and was the slowest growth since the start of the pandemic The company also said it expects overall sales to decline this year. Shares fell nearly 6% early in trading It’s steepest one-day sale in nearly a year Walmart has gone all out for fast, convenient delivery during pandemic But even infrastructure massive projects implemented by Walmart in recent years have been severely tested by the crushing orders of millions of people taking refuge in their homes This means even more spending to accommodate shoppers increasingly accustomed to home shopping.The company this year announced plans to build warehouses in stores where autonomous robots will fetch groceries to be picked up in the store. hour or less by customers And that was before Thursday’s announcement that it was raising related spending by $ 14 billion. “The change in retail has accelerated in 2020,” CEO Doug McMillon said “The capabilities we have developed in previous years have put us forward, and we will stay ahead Our business is strong and we are strengthening it even further through targeted investments to accelerate growth “Walmart said Thursday it was increasing its average hourly wage at over $ 15 an hour, compared to over $ 14 an hour Salary increases will be concentrated in online and storage roles Beginning March 13, salaries for employees in these jobs will drop from $ 13 to $ 19 an hour, depending on the location of the Walmart store increased its starting hourly wage from $ 9 to $ 11 not too long ago, and that starting wage will remain Amazon and Target have already raised hourly wages to $ 15 for all workers Walmart Inc lost $ 2.09 billion, or 74 cents per share, up from $ 4 last year 14 billion fourth quarter earnings, or $ 1.45 per share Adjusted earnings per share is $ 139, which was well below the $ 1.51 Wall Street expected, survey found of FactSet Rolled into those numbers is an $ 11 billion impacted by pandemic-related costs, CFO Brett Biggs said Thursday, translating into a drain of around 37 cents per share in profit, along with costs unique to Japan and the UK Walmart announced late last year that it would sell 85% of its Japanese supermarket subsidiary Seiyu in a deal valued at 1.725 billion yen ($ 1.6 billion) that came a month after it sold its UK supermarket chain Asda for 68 billion pounds ($ 8 billion), although it retains a minority stake Walmart’s wage costs also rose, as it increased workers’ hours to ensure a smooth holiday season Net income hits $ 15098 billion, better than industry analysts’ forecast of $ 148.5 billion, and easily surpassed last year’s $ 1406 billion in fourth quarter sales Walmart is on track to become l One of the largest distributors of the COVID-19 vaccine as the US relies more on pharmacies Walmart operates more than 5,000 pharmacies, including more than 4,000 in areas the government has designated as “Medically underserved” or with limited pharmacy options _____ Follow Anne D’Innocenzio on Twitter here Anne D’Innocenzio, The Associated Press

TORONTO – Ontario health minister says province is carefully considering a request from Toronto and the Region of Peel to delay easing restrictions in these communities by two weeks Christine Elliott says best provincial physician today will review new pandemic data that will inform his recommendation on what to do for the two COVID-19 hotspots.The medical officers of health in Toronto and Peel recently wrote to the medical officer of health in Chief of Ontario, saying lifting a home stay order and other restrictions next week, as the province predicted, would lead to more illness and death Dr Eileen de Villa and Dr Lawrence Loh called for these pandemic measures to remain in place at least until March 9 They expressed concern about the threat posed by more contagious variants of the virus and said hospitalizations due to COVID- 19 were always too high Peel and Toronto are among four other regions in Ontario that have yet to move from home stay orders to the provincial color-coded pandemic restrictions system The Progressive Conservative government has defended its decision to ease regulations restrictions for most of the province despite warnings it could trigger a third wave Ontario reported 1,038 new cases of COVID-19 on Thursday and 44 more virus-related deaths 12,383 additional doses of a COVID-19 vaccine have been administered in the province since Wednesday’s update, and Ontario has now distributed more than 500,000 doses of the vaccine This report from The Canadian Press was first published on February 18, 2021 The Canadian Press

WASHINGTON – US home construction fell 6% in January, but building permit applications, which typically signal upcoming activity, have risen sharply The drop has pushed home and apartment construction to a seasonally adjusted rate of 158 million units last month, up from 168 million in December, the Commerce Department reported on Thursday Single-family home starts fell 122% while apartment construction rose 162% Even with January’s drop, extremely low mortgage rates and increasing demand from Americans for loans for a larger home after one year of living in a pandemic will likely mean a strong year for the housing market in 2021 Hints of a lasting housing surge could be found in trade figures Thursday Applications for building permits, seen as a good sign of future activity, rose 104% in January to an annual rate of 188 million ‘units And strong sales this year would only extend a 2020 banner as homebuilding jumped 7% to 138 million units It was the best performance since a real estate boom in 2006’ We still expect a recovery in demand, low mortgage rates and a shortage of supply to support a healthy rate of new home construction and the risk may be further positive surprises, ”said Nancy Vanden Houten, senior economist at Oxford Economics Still, Vanden Houten expects the pace of home construction to slow down somewhat this year as the desire to build collides with high timber prices and a shortage of available land and workers. Construction fell 123% in the Midwest and 114% in the West It fell 25% in the south The only region of the country that saw an increase last month was the northeast, where construction rose by 23% Martin Crutsinger, The Associated Press

“Considering everything going on in the world, I don’t think it’s appropriate to put myself on a pedestal right now,” she said

‘Broken down’ cars bring Myanmar streets to a standstill in protest protest Protesters try to block movement of security forces and officials, hackers target military

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The report “Exterior Coatings Market: Trends, Share, Size, Growth, Opportunities, and Global Industry Forecast 2021-2026” has been added to ResearchAndMarketsoffer.com

(Bloomberg) – Mexico prepares major tax break for its state-owned oil company as constitution prevents it from taking on debt to increase social spending during pandemic, Finance Minister Arturo Herrera said in an interview State demands on Pemex, its biggest taxpayer, could help the oil giant reorganize its finances as it grapples with $ 110 billion in debt, declining production and some of the highest tax obligations of all the oil companies in the world Over the past two years, Mexico has adjusted its tax policy to offset a reduction in oil revenues from royalties and other contributions, Herrera said. Pemex Euro and Dollar denominated bonds have gained in the news “We are heading in this direction, and in the next few days we will update how we continue on this path,” he said. Wednesday “Everything that has to do with Pemex given its size must be meaningful President Andres Manuel Lopez Obrador tackles competing goals of reviving the struggling Mexican state’s energy companies and redistributing wealth to the poor while retaining its credentials as fiscal hawk Where Mexican peers have responded to the crisis with spending, Lopez Obrador continued his austerity campaign, arguing that lower debt will facilitate recoveryThe president confirmed in his daily Thursday morning briefing that Pemex’s tax burden would be further reduced Mexico has the unusual peculiarity of posting a small primary budget surplus last year – which does not take into account payments from interest – as economy shrank an all-time high 8 3% Many economists say additional spending would have significantly reduced the contraction Bloomberg Economics: Surprisingly Durable – ME’s Debt Service Forecast Herrera said Mexico was constitutionally allowed to go into debt to build public works The country must plan for a stable and long-term recovery, he said, claiming that injecting stimulus packages of a similar proportion into Canada or to Germany would have cornered him with huge debt repayments for years to come “We need fiscal strength because we are not just talking about the Covid period, but the recovery will need an accelerated process to move it forward,” he said.Its recovery has relied on heavy US export demand, coupled with remittances from Mexican migrants As a result, growth has been largely limited to the industrialized border states of the north, while most of the poorer and agrarian countries of the south have been left behindFormal employment has climbed 19% in areas closer to the US since January 2020, down 39% in the rest of the country Women, who are less represented in the industrial sector, are behind the large Majority of job losses in Mexico The finance minister said tackling poverty and inequality in the long run means giving Mexico a good platform for growth, rather than immediate social spending “Studies by organizations international organizations prove that 70% of families who have left poverty owe it to economic growth, ”he said, referring to the development of Latin America in the 2000s. He added that Mexico had distributed 50 billion pesos ($ 2.48 billion) in social credits using “whatever we had on hand,” including funds from places like state trusts The changes the government has made to the schemes fiscal policies in southern border states are an example of policies he can use to stimulate growth in the south, he said.Pemex tax assistance comes on top of the cuts already planned for this year thanks to an amendment to the Mexican law on hydrocarbon revenues to reduce its right to profit sharing for 2020 and 2021 Last year, Pemex received 463 Billion pesos ($ 2.3 billion) in tax benefits from legal change Pemex’s dollar bonds maturing in 2031 climbed 117 cents on the dollar to 9,899 cents at 11:51 a.m. in New York City, on track to close at highest level this year Government will also be working on Pemex debt in the coming weeks, Herrera said (Updates with president’s commentary in sixth paragraph and Pemex bonds gain in third and penultimate paragraphs) For more for articles like this, please visit us at bloombergSubscribe now to stay ahead with the most trusted source of business news © 2021 Bloomberg LP

OTTAWA – Labor groups call on the federal government to provide workers with extra weeks of pandemic aid, with many still out of work and facing the prospect of maximizing benefits next month. With the Canada Recovery Benefit in place until the fall, recipients are eligible for a maximum of 26 weeks of assistance of $ 500 per week The worry now is that workers who have relied on federal support since its inception will face a benefit cliff when they exhaust their eligibility at the end of March. Larry Rousseau, executive vice-president of the Canadian Labor Congress, says workers in hard-hit sectors like restaurants and tourism are unlikely to return full-time by March or even summer. group and others are calling on the Liberals to extend eligibility at least until the end of the year Latest federal figures show the Canada Recovery Benefit has paid $ 9.88 billion in profits to more than 17 million people since its launch at the end of September This report by The Canadian Press was first published on February 18, 2021 The Canadian Press

during the forecast period Various factors such as increasing workload of cloud enterprises and rapid growth in number of intelligent applications are expected to lead to adoption of solutions and cutting-edge AI servicesNew York, Feb January 18, 2021 (GLOBE NEWSWIRE) – Reportlinkercom announces the publication of the report “Edge AI Software Market by Component, Data Source, Application, Vertical And Region – Global Forecast to 2026” – https: // wwwreportlinkcom / p05744465 /? utm_source = GNW The objective of the report is to define, describe and forecast the market size of the On-Board AI software market based on component, type, GNSS receiver, application, vertical and region As the world braces for the continued impact of the COVID-19 pandemic, every industry has been affected To mitigate pandemic risks, organizations around the world are taking adequate measures such as remote working capabilities, maintenance and remote asset monitoring, factory automation and telehealthA high positive impact was seen in the healthcare sector as companies began to realize the potential of cutting-edge AI software to combat the impact of COVID-19 This has led to increased funding and research to keep businesses safe throughout the value chain Market is expected to grow slowly during pandemic and rebound with higher adoption rate in verticals after pandemicOrganizations around the world are using digital infrastructure to continue their regular business operations as it serves as critical infrastructure Healthcare, public sector and education verticals are embracing digitalization at an unprecedented rate Several cloud companies and edge are offering their compute services free of charge to frontline workers to reduce the impact of COVID-19 System integration and testing services segment is expected to grow at a higher CAGR during the forecast period training and consulting services is expected to be the largest size in the market, while the system integration and testing services segment is expected to have the highest CAGR over the forecast endpoint The technical aspects involved in implementing cutting-edge AI software solutions are driving the growth of training and consulting services, while the need to ensure interoperability of on-board AI software with components hardware from different vendors would drive the growth of systems integration and testing servicesVideo and Image Recognition Segment to Have Largest Market Size During Forecast Period Advanced AI Software Market by Data Source has been segmented into Video and Image Recognition, Speech Recognition , biometric data, sensor data and mobile data Video and image content analysis introduced task automation through advancements in deep learning They help automatically recognize temporal and spatial events in videos and images One person moving suspiciously, traffic signs that are not obeyed, the sudden appearance of flames and smoke are some events detected by the analysis of video and image content The segment of energy management applications will have the Highest CAGR During Forecast Period The Advanced AI Software Market By Application has been segmented into Autonomous Vehicles, Business Management cès, video surveillance, remote monitoring and predictive maintenance, telemetry, energy management, etc. (point of sale, field support, precision agriculture, AR / VR, and smart wearable devices) Using AI Edge for power management can reduce overall costs and optimize power consumption by applying various techniques to predict optimum system load in real time, which leads to its growth in edgeAIP software marketAmong the regions, North America will account for the largest market size during the forecast period. North America, especially the United States, has leveraged the benefits of AI, ML, and deep learning technologies to stay ahead in the market The region has well-established economies, which enable Cutting-edge AI software companies to invest in new technologies In addition, it is considered the innovation hub where major IT players deploy smart devices and colla and other companies in the cutting edge AI software marketIn-depth interviews were conducted with General Managers (CEOs), Innovation and Technology Directors, System Integrators and Executives from various key organizations operating in the Edge AI software market • By Company: Tier I : 34%, Tier II: 43% and Tier III: 23% • By designation: C-Level executives: 50%, D-Level executives: 30% and Managers: 20% • By region: APAC: 30%, Europe: 30%, North America: 25%, MEA: 10%, Latin America: 5% The report includes the study of the major players offering advanced AI software solutions and services, and profiles the major vendors in the global market Leading edge AI software vendors in the global advanced AI software market include Alphabet Inc (US), Microsoft Corporation (US), IBM Corporation (US), Amazon Web Services, Inc (United States), Nutanix (United States), Synaptics Incorporated (United States), SWIMAI Inc (United States), Imagi mob AB (Sweden), Anagog Ltd (Israel), TIBCO Software Inc (United States), Octonion SA (Switzerland), FogHorn Systems (United States), Bragi (Germany), Gorilla Technology Group (Taiwan), SixSq Sàrl ( Switzerland), Azion Technologies LLC (United States), ClearBlade Inc (United States), Alef Edge Inc (United States), Adapdix (United States), byteLAKE (Poland), Reality Analytics Inc (United States), Deci (Israel), StrataHive (India), edgeworx (United States), Invision AI Inc (Canada), Veea Inc (United States) and Tactai Technologies, Inc (United States), Horizon Robotics (China), Kneron Inc (US) and DeepBrainz AI (India) The market study covers the advanced AI software market across segments.It aims to estimate the market size and growth potential of this market in different segments, such as as components, applications, data source, vertical and regionIt includes an in-depth competitive analysis of major market players along with company profiles, key observations related to product and business offerings, recent developments and key market strategies.Key Benefits of Purchasing the Report The report would provide market leaders / new entrants in this market with information about the closest approximations to revenue figures for the overall Advanced AI Software market and its sub-segments. stakeholders to understand the competitive landscape and obtain more information to better position their business and plan appropriate go-to-market strategiesIt also helps stakeholders understand the pulse of the market and provides them with insight into the key market drivers, restraints, challenges and opportunities.Read the full report: https: // wwwlink to rapportcom / p05744465 /? utm_source = GNWAabout ReportlinkerReportLinker is an award-winning market research solution Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place __________________________ CONTACT: Clare: clare @ reportlinkercom United States: (339) -368-6001 Intl: 1 339-368-6001

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Bitcoin ETF Canada, Bitcoin ETF goal

Ebene News – CA – The first bitcoin ETF in North America launches in Canada today

Source: https://ca.finance.yahoo.com/news/north-americas-first-bitcoin-etf-launches-in-canada-today-103030939.html