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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.
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.
Sports fans will undoubtedly enjoy a new experience if sports stadiums have a custom map illustration that can help with way-finding. During match days, thousands of fans make their way to the stadium and things can get pretty stressful. A custom map illustration of a stadium can be studied at home so that fans can determine different points of interest like merchandise stalls and food and drinks vendors.
Two options are being considered by the Oklahoma City Council for a proposed soccer/multi-use stadium. One of the considerations is for $37 million to $42 million with more or less 8,000 seats. The capacity is ideal for mid-level concerts, state high school football championships, boxing events and cultural festivities. The regulation-size field could host soccer, lacrosse, rugby and American football.
The second option is for $67 million to $72 million with 10,000 seats. It can host 18,000 people for concerts with a roof or shade structure over the seating. There are two stages with the bigger one for concerts and the smaller one for more intimate events.
A multi-use soccer stadium can address some of the biggest challenges like the lack of complimentary pieces in and around the present location at Taft Stadium. Parking is a big problem and concessionaires are not allowed to cook in the venue. Entrance and exit are also serious challenges. There is no regulation-size pitch that can provide an authentic soccer experience.
It is pretty obvious that the Producers Cooperative Oil Mill property would be a good location for a stadium; however, there is also the 7-acre Wheeler Park. If they could find a way to make everything work, the Strawberry Fields west of Scissortail Park would be a good option. The most pressing issue is the league because the United States Soccer Organization will no longer tolerate the present location due to its field size.
In a stadium with 10,000 capacity, it will be difficult for fans to find their way unless there is map for directions. Meanwhile, a custom map illustration will be more interesting to sports fans because it is created in an informative and skillful way using color, style and a human’s point of view.
According to a group of experts gathered during the WISTA or short for Women in Shipping and Trade Association, the price of carbon is deemed to be very cheap. This is why the shipping companies are able to get away despite the level of carbon emissions they are releasing to the environment. There are those that follow the guidelines like FTL dedicated truckload freight so as not to damage the reputation of their company.
The conference was held as a part of the LISW or London International Shipping Week. During the assembly, the group discussed about the coming years with regards to the shipping sector and the requirements that must be put in place in order to make some significant changes with the current structure of the maritime industry. These are all necessary if they wanted to meet the targets they have set with regards to curbing climate change.
The principal consultant working for the maritime industry, Isabelle Rojon, spoke to the audience during the discussion and opened up about the hesitance of many to discuss the topic of carbon pricing which is considered to be a sensitive one. She added that whenever carbon pricing is talked about within the shipping sector, it feels as if they are talking about Voldemort which is the most popular villain in the Harry Potter series.
Every panelist is in agreement that they should come to terms with carbon pricing because it will have a bigger impact if they wanted to meet the climate target they have set. Based on the International Maritime Organization, the goal is to decrease emissions by 50 per cent of the figure in 2008 before the end of 2050. Aside from this, there was nothing much that has been discussed.
Zero Carbon Finance Limited’s Paul Stuart-Smith, said that carbon pricing is inevitable but the cost should be the same for international standard and it should not be contained within the shipping industry alone but every industry. His suggestion for the carbon pricing is that it should be $140 for every ton. The members of the sector such as FTL dedicated truckload freight are yet to comment with their stand on the matter.