NEW YORK, NY / ACCESSWIRE / May 13, 2021 / Trulieve Cannabis Corp.
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It is also benefiting from burgeoning investor interest as expectations rise that Democratic lawmakers will soon pass legislation granting the industry access to federal banking.
“There is fear of not being able to secure the logistics and the resources you need — $220 is expensive, but it’s much more expensive if you have to shut down a mill because you can’t get material.”Industrial commodities and shipping costs are spiking as buyers hurry to secure raw materials with global industries from manufacturing to construction gearing up again as the pandemic fades.
In a podcast released on May 12, she also said her thinking about how central banks should deal with with the environmental threat has changed.“Once one appreciates how important the financial sector is for this green transition, one has to admit that we as central bankers have to think about our role in the fight against climate change,” she said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Excluding energy, the index is at an all-time high.But the currency also appears to have gotten a lift from Macklem’s messaging, after the Bank of Canada last month accelerated the timetable for a possible interest-rate increase and pared back its bond purchases.“Macklem only said that if the currency were to appreciate absent fundamental reasons, then they’d be more concerned about competitiveness implications but that so far that’s not the case,” Derek Holt, an economist at Bank of Nova Scotia, said by email.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
For crude, we’re trying to get a sense of what the path of the dollar’s going to be, and that’s uncertain.”Meanwhile, the Colonial Pipeline — a key source of gasoline for the East Coast — is returning to service after a cyberattack last week, adding on Thursday that each of its markets should receive product from its system by mid-day.
Wall Street’s main indexes were set to open higher on Thursday, with the tech-heavy Nasdaq rebounding, after data showed fewer Americans filed for weekly jobless claims, while investors shrugged off a surge in producer prices.
China’s Semiconductor Manufacturing International Corp said on Friday that demand for chips exceeds supply, and raised its expectations for sales for the first half of the year.
jobless claims data for April will inform the markets of the strength of the employment recovery as the stock sell-off continues.
Recent economic data has prompted inflation fears as scarcity of both materials and workers threatens to send prices surging in the face of a demand boom.