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As Canadians are voting to choose their next prime minister, the value of Canadian dollar is creeping up. It is touted to see more gains in the coming days irrespective of the election results.
With neck-to-neck competition between the main political parties, the election outcome is largely considered as a coin toss. Generally elections weaken the rate of currency due to uncertainty about the economic policies. However, the CAD forecast remains positive irrespective of who wins the election. The reason for this is mostly because of the striking similarities between the economic policies of both the leading political parties of the country.
Investment bankers of the country believe that the election result is not going to have a major impact on the CAD forecast. They expect a hung parliament or a minority government headed by the incumbent Prime Minister Justin Trudeau. And hence expect little or no change in the economic policies.
Rather than the election results, this week’s CAD forecast is driven by positive business outlook and retail sales. The supportive tone of risk sentiment is also aiding to strengthen the Loonie.
One of the factors for a strong CAD is the increased resilience of the Canadian bond yield due to Bank of Canada retaining the interest rates at 1.75% even when their counterparts in other countries have largely cut down the interest rates. This move made Canadian bonds attractive to foreign investors and contributed to the positive forecast.
The strengthening of job markets and increase in wage rates is another factor that has positive influence on the CAD rate. With both the parties promising significant tax cuts, the retail market is expected to be resilient.
However, the interest rate policy of bank of Canada will have a significant impact of the CAD forecast. If the BoC announces any rate cuts before later part of 2020, then it would signal difficulties for the CAD as the markets are not ready for an early rate cut.
A positive economic outlook and increased employment rate are pushing the CAD higher. The elections this time did not have any impact on the CAD forecast as both the political parties have announced similar economic polices and tax cuts.
Brexit is being closely watched by British businesses across the country, just like the average Brit. Fears over a ‘no-deal’ Brexit are affecting market outlook, with many industries hoping to make sure they’ve got their lifeboats if the worst should come to pass.
The fleet industry, in particular, has been close to a panic over the prospects of the industry in case of a ‘no-deal’ Brexit, with many fearing that auto parts, and other key supplies, will be unavailable in the aftermath.
In September 2019, the European motor industry issued warnings about the consequences that a ‘no-deal’ Brexit would bring to the market. They report that, should the World Trade Organisation’s current tariffs are applied to the UK, it would affect the market drastically. Prices on new vehicles could go up by 10%, while commercial vehicles and auto parts can go up by 22%, and 4.5%, respectively. Should that come to pass, it would result in the industry collapsing, as its “just-in-time” business model would be crippled by delays.
Fleet Assist, however, has been telling the industry at large not to panic, as their data says that auto parts suppliers in the EU have supplies set aside for the worst. In spite of the fact that about 80% of the replacement parts fitted to British vehicles are imported, Fleet Assist reports that suppliers in the EU still have stockpiles ready at warehouses across the region, allowing for continued normal operations.
According to Fleet Assist, manufacturers in the EU reported that they had an increased supply volume, capable of holding out for several weeks. On top of that, suppliers also reported that they have been stockpiling products to “six months” capacity, until the industry’s status post-Brexit is clear.
On top of that, other companies in the motoring industry, like parts suppliers and independent chains have gone on record to say that they’ve got additional stock invested at a local level.
Fleet Assist says that, in the medium and long-term, the entities they surveyed will do whatever they deem necessary in order to protect their business customers, as well as their partners, and to ensure minimal disruption in the industry at large.
That being said, they report that there are still some factors that they can’t account for, which they can’t control, making it impossible to account for every possible situation.
A Dublin-based architecture firm and their skilled architectural illustration team has recently been awarded the Royal Gold Medal, an annual award given by the Royal Institute of British Architects, considered to be one of the highest accolades in the country.
Grafton’s founders, Yvonne Farrell and Shelley McNamara will receive the award, approved by Her Majesty, Queen Elizabeth II, during a special awarding ceremony to be held in London at 2020. It’s only the fourth time that the award has been given to the Irish in at least a century.
The Royal Gold Medal had been given to other Irish before, like Dundalk’s Peter Rice, who was one of the contributors to the design of the Sydney Opera House, as well as the Parisian Centre Pompidou.
The RIBA stated that they’re handing the award over to Grafton Architects not only due to their architectural illustration team, but to their lifelong contributions to the architectural field. They even noted the foundation of the architectural firm, which happened back in 1978.
Grafton was founded by Farrell and McNamara alongside two directors, Gerard Carty and Philippe O’Sullivan, in what they described as a ‘people-centered practice’, one which has grown and received global recognition thanks to its work portfolio.
In 2013, the University of Limerick’s Grafton Medical School was listed as one of the main contenders for the RIBA Stirling Prize. 3 years after that, they managed to snag the RIBA International Prize for their UTEC campus in Lima, Peru, noted for its bold vertical design.
On hearing the news, the Grafton team says that they see architecture as an optimistic profession, with many chances to see how the future will unfold, while translating people’s desires and needs into a built form, via the silent language of spatial measurements. They also went on record to say that they share their award with their clients, teams, contractors, as well as colleagues.
RIBA President Alan Jones said in a statement, that Grafton’s influence is extraordinary, and that they are a role model to the architectural industry; an inspiration to all architects and anyone’s who’s had the pleasure of working with them.
Canada’s trucking industry, FTL Dedicated Truckload Freight or not, is notable for the high level of immigrant workers present in the segment. The CTA, worried for their safety, is calling on the Canadian federal government to protect these immigrants from abuses.
That call to action follows an investigation from the Globe and Mail newspaper, which alleged that British Columbia’s trucking industry, alongside immigration consultants are making foreign workers in the industry pay thousands to have to work, which is illegal under Canadian law.
The report also noted that a lot of these workers had minimal or no experience in handling such vehicles, their heavy loads, and the extreme conditions like heavy ice or snow, that those in the industry have to deal with, amounting to exploitation.
According to some of these foreign workers, they worked in spite of such conditions in order to be eligible for Canadian permanent residency.
The Globe and Mail’s investigation started following an incident wherein a loaded truck crashed into an entire hockey team in Humboldt, Saskatchewan, resulting in the death of 16 people. The truck was driven by Jaskirat Singh Sindu, an Indian immigrant who came into the country as a student. The inexperienced driver is currently serving an 8-year prison sentence for the incident, and will be deported back to his home country upon the end of his incarceration.
The CTA noted how important immigrants are for Canada’s trucking sector, whose vacancy rate is among the highest in Canada at 6.6%, amounting to about 20,000 unfilled employment positions.
The Alliance says that the country, and the trucking industry, with its FTL Dedicated Truckload Freight companies, will only suffer if the government stops immigration programs, as there are actually a lot of commercial drivers that underwent proper training and legislation, employed by legally compliant and responsible companies, operating across Canada.
Instead, they say that the CTA says that protecting the immigrant workers from abuse and ensuring that they end up with the majority of legally compliant, and responsible operators in the country will be what’s best for Canada.
In response to the incident in Humboldt, the CTA has put together a 10-point plan to improve oversight and deal with non-compliant companies in the Canadian trucking industry.
The risk of dental injuries is present in almost all kinds of sports particularly contact sports. While mouth guards prevent most dental injuries, they have to fit properly to prevent tooth fractures and cracks. Depending on the severity of the crack, dental crowns in West Chester may be suggested to save the tooth.
Many people assume that football is losing its mass appeal and that parents of young athletes will no longer allow their children to play high school level football. Last month, many were surprised by the retirement of 29-year old quarterback Andrew Luck due to routine brutality. However, the future of football still looks bright.
There is no question about the fact that there are multiple challenges involving player safety among the youth and high school football players. But harm caused by football is being minimized by recent reforms in professional, college and high school football.
The retirement of Andrew Luck must not be seen as an omen because the longevity of NFL is improving. Luck gained wealth and celebrity status through football and he decided to quit while still ahead. His injuries had the same severity to those suffered by cyclist Alessandro de Marchi during the Tour de France during bicycle crashes and skiing star Lindsey Vonn during skiing incidents.
Athletes will never be free from the risks of bodily harm. A more significant omen is NFL neurological damage is on a decline. Changes in numerous rules led to a significant reduction in the number of concussions. Changes include penalties on helmet-to-helmet hits, restrictions on kickoff returns and bans on hits when players do not see their opponent coming. Full-contact practice has been limited by both the NFL and the player’s union.
However, the issue is high school injuries that are more serious than NFL injuries. Safety seems to be improving and regulatory bodies have changed practice rules to reduce contact.
Treatment through dental crowns in West Chester will hold the severely broken or cracked tooth together. A crown will be custom made to match the color and appearance of natural teeth. The crown will replace the entire external portion of the tooth and protect it from further damage.
For the past few years, fast fashion has become a rising trend. It stuck with many which resulted to the mass production of clothing items such as short cropped top that are not only trendy but also inexpensive. This type of production has a very fast turnaround but the problem lies with the resulting wastes which is hurting the planet.
Dana Thomas, a bestselling writer and journalist, shared how the fast fashion industry has turned out to be a disaster not just for the environment and the planet but also for human rights. In order to fulfill the 80 billion garments produced annually, an insane amount of clean water is needed along with highly toxic chemicals. The industry also employs one in every six persons in the planet and some of them are working in the worst conditions while earning very little amount. Fast fashion is also a big contributor to the landfills and the dumps because all the clothes that are not sold are sent there.
Fast fashion resulted to waste, it damaged the ecology of nature and it exploited a lot of people. While there is no single solution, the future is looking bright. Sustainability is now taking focus among retailers and consumers which are made possible by innovators. There are people who are purchasing secondhand apparel instead of buying a new one while others are joining the clothes for rent revolution. Some uses their clothes for recycling resulting in new fibers while others support reshoring and biofrabrication. The most straightforward solution is to buy less item of clothing than necessary.
When it comes to fashion apparel, the worst offender is the blue jeans because of its damage not just on the environment but human itself. According to anthropologists, 50 per cent of the people in the planet are wearing jeans. Every year, five billion pieces are manufactured. An average person in the United States own seven pairs. It is best paired with t-shirts or a short cropped top for the trendy but it is also considered the most polluting of all garments starting from its creation until its disposal.