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Effect Of Elections On CAD Forecast

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.

 

 

Canadian Trucking Association Calling On Government To Protect Immigrant Truckers

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.

Here’s Why You Should Avoid Aftermarket Key Fobs

A warning is now being spread by locksmiths all over Australia including locksmith in Zillmere regarding cheap aftermarket key fobs. According to one consumer, Sarah Latham, she lost the key fob to her car therefore she decided to purchase a new one. She went for an aftermarket alternative because it is cheaper but she found out that it was a bad decision.

She used the key fob while her car is parked in a parking space in Cairns and she found out that she was able to open not just her own pink Nissan Micra but the nearby vehicle which is a white Micra. She told the story of how she unlocked her car with the key fob and went over to the white Micra. She has already opened the door to the vehicle when she realized that it was not hers but she was able to unlock it.

She was worried because if it was someone with bad intention then they would be able to steal anything from the car that was also opened by the key fob.

The same thing has happened to Ms. Latham when she lost her car keys and decided to use a local locksmith instead of going to the dealership. Chris Rose, a locksmith for automotive vehicles, said that the fault lies in the aftermarket key. He contacted the suppliers and they have already addressed the issue.

Mr. Rose shared that the remote follows the frequency by which the car responds to. There are thousands to various frequencies used by Nissan and the chance of a key opening another car is one car to thousands.

Many car owners also came forward to share their experience of how they were sure they locked their vehicles only to return to it already unlocked. The same goes with keys for garage doors.

With the issue ongoing, experts including locksmith in Zillmere has already warned the public to be cautious. As much as possible it is better to go back to the car dealership to purchase a new car key fob to avoid the same scenario.

England Football Teams Use Cloud To Process Data And Analyse Player Performance

The healthcare industry has discovered the advantages of cloud computing through Rend Tech Associates that developed and installed a system that will meet an organization’s needs. Recently, English football teams have started to use the cloud in processing huge amounts of data and creating an automated approach in the analysis of player performance.

The regular football season might be over but it does not mean the end of hard work. Development work continues behind the scenes with digital transformation helping to change administration of games for the better.

According to Craig Donald, CIO at the Football Association (FA), digital transformation means simplification to make life easier for everyone at the football association. It is also about engagement and ensuring connections to participants in the game from the Sunday League player to the members of the English Supporters Club and the Lioness performing at the World Cup.

The current focus of performance development efforts is cloud and big data. FA is using Google Cloud as a platform for collaboration and advanced data analytics for England teams. One of the key elements in the cloud-enabled digital transformation include G Suite platform as the centre of the organization’s business operations. This means a shift from working in silos to increasing collaboration between the coaches of all teams.

When there is a connected way of working, the way that coaches train and develop England’s 28 national teams is unified at all levels of the game. G Suite provides the platform to collaborate and share data.

FA coaches share data through G Suite productivity applications and use Hangout as the communication tool. The data that has been collected and shared by the coaches is accessed Google Computer Engine. FA is also using cloud to build a new tool that will be called Player Performance System (PPS) that will measure fitness, training and form among the players.

The medical IT support and data management solutions provided by Rend Tech Associates combine Blue Chip, cloud-based network architecture with the amazing power of back-end servers and systems and front-end user requirements for a high level of computing performance, security and capability that used to be available only to large companies.

UNYQ And IKEA Developing 3D Printed Accessories For Gamers

Personalized and customizable furniture is becoming more and more popular, with many looking at getting a Height Adjustable Desk of their own after hearing of the benefits. One partnership is bringing these concepts to the gaming community, with San Francisco’s UNYQ teaming up with Sweden’s IKEA, to develop 3D printed products for gamers.

UNYQ Co-Founder and CEO Eythor Bender says that the gaming community has been overlooked when it comes to furniture and accessories that are functional, customized, and suits individual preference.

The two companies have also worked together to create products for the gaming market, having developed an ergonomic chair for professional gamers, dubbed the UBIK. The chair was made using 3D printing and body-scanning in order to create custom lattice inserts that help the chair’s owner sit up in their ideal posture.

UNYQ was founded in 2014, where they started out creating personalized prosthetic covers for upper and lower limb amputees. Their specialization in creating personalized products was then brought over to creating specialised gaming products.

The company turned to Stockholm’s Area Academy, an educational e-sport company, in order to find out how to best create products for the gaming community. Combining that knowledge with Carbon’s 3D printing technology, UNYQ and KEA developed a line of 3 prototype 3D printed accessories for gears, which they dubbed UPPKOPPLA, or ‘online’ in Swedish.

The range is made up of:

  • A biometric wrist support, designed to keep wrists at the proper height relative to the keyboard, reducing tendon strain;
  • A portable mouse ‘bungee’, which holds mouse cables in place, stopping tangling and allowing full freedom of movement, and;
  • Soft pliable, vented keycaps that simulate the sensation of the keyboard being a part of the fingers.

IKEA Creative Leader Michael Nikolic says that this is an exciting partnership for the company, as UNYQ has developed a way to create solutions that work for people’s unique needs and tastes, letting customers get exactly what they want. On top of that, this method also minimizes waste, as production is dictated solely by demand, without any excess inventory to deal with. He adds that they’re looking forward to continuing this partnership with UNYQ.

Currently, the collaboration is focused on the gaming market, but there are plans to extend the alliance into other products like a Height Adjustable Desk, as well as other sectors, even considering tapping into ‘undeserved’ communities, catering to their customers varied interests and preferences, and their specific needs.

Quirindi Will Be Hosting Melbourne International Comedy Roadshow

Quirindi residents will be looking for party equipment hire in Melbourne, and get ready to laugh, once the Melbourne International Comedy Festival Roadshow rolls into town.

The event, which will be held at Royal Theatre Quirindi, on June 16, a Sunday, with comedian Kevin Kropinyeri as MC. The roadshow is the extension of the Melbourne International Comedy Festival, the world’s third-largest international comedy show, which was established back in 1987.

The event, a mainstay for party equipment hire in Melbourne, brings in hundreds of local and international comedians and artists, recording 469 shows and 6,488 performances from 2,228 artists back in 2014. It also has several key events, including its flagship; the televised Gala, as well as the annual national roadshow, which travels across Australia to showcase festival highlights to Aussies living in regional towns.

As for Quirindi locals, they can expect performances from several comedians, including Dane Simpson, Ivan Aristeguieta, Pat McCaffrie, and Nikki Britton, among others confirmed for the show’s line-up.

Liverpool Plains Shire Council Events Coordinator Andrew Ballard noted that the annual festivity has managed to catch the attention from a lot of people from around the shire. He says that the event, which has been running for a century now, has become a night were families, friends, and all sorts of Aussies can come together and just laugh and enjoy a night with comedians, from Australia and from other parts of the world.

He noted how previous roadshow casts introduced comedians to people, who would then move up in the industry to become major names in radio and television.

Ballard welcomes as many Aussies in the shire as possible to come and enjoy the roadshow, which he describes as a fun-filled night, packed with hilarity.

For interested parties, tickets are now available on the Royal Theatre Quirindi’s official website, and Aussies are encouraged to bring friends along for the show, with sales discounts provided for groups of four people or more.

The Melbourne International Comedy Festival Roadshow has recently been to other regional towns in the AU, with some of its most recent stops being Wyndham, Logan, and Bega.