Related Articles
International
Market Chatter: PM Carney Unveils Plan To Lower Electricity Costs
Prime Minister Mark Carney says the government will give more flexibility to LNG power plants as part of its long-awaited clean electricity strategy, The Canadian Press is reporting Thursday.The strategy, released today, is aimed at doubling electrical capacity by 2050 and lowering energy costs for 70% of Canadian households, it noted.The strategy says construction will cost more than $1 trillion and public dollars will be used to cover some of the cost, the report said.It doesn't say how much the government is willing to spend, although it mentions offering tax credits and bringing back energy-saving retrofits for up to a million households, it added.The government forecasts 130,000 new workers will be needed to double the size of grid, pledging 30,000 new jobs by 2028 and 100,000 more by 2050, according to the report.The strategy commits to building electricity capacity in the North but doesn't say how, other than that Ottawa will work with the territories and Indigenous stakeholders to make it happen, the report noted.(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
$$CXY
International
March US Business Inventories Rise As Expected, Business Sales Up
Business inventories rose 0.9% in March, as expected in a survey compiled by Bloomberg and following a 0.4% increase in the previous month.Retail inventories were up 0.6%, revised downward from a 0.7% gain in the advance estimate, while wholesale inventories rose by 1.3% and factory inventories increased by 0.6%.Business sales rose by 2.1% in March, with retail trade sales were up 1.9% after revision. Wholesale sales increased by 2.8% and factory shipments were up 1.4%.
International