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Showing posts from August, 2021

Magnet Forensics Inc. Comments on Trading Activity at Request of IIROC

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Novanta Completes Acquisitions of SEM and ATI and Updates Financial Guidance

BEDFORD, Mass. -- Novanta Inc. (Nasdaq: NOVT) (the "Company"), a trusted technology partner to medical and advanced technology equipment manufacturers, announced today that it has completed the acquisitions of Schneider Electric Motion USA Inc. (“SEM”) and ATI Industrial Automation Inc. (“ATI”). Read More from Financial Post https://ift.tt/3kD9KQg
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Can Theranos jurors be impartial, judge asks as Holmes fraud trial begins

SAN JOSE -- As Theranos founder Elizabeth Holmes' highly anticipated fraud trial began on Tuesday, the judge overseeing the case quizzed potential jurors about whether they could be fair considering the intense media coverage about the entrepreneur, who has long been a subject of fascination in Silicon Valley. Read More from Financial Post https://ift.tt/3yy4rX1
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Spey Resources Announces BCSC Regulatory Review

VANCOUVER, British Columbia, Aug. 31, 2021 (GLOBE NEWSWIRE) -- Spey Resources Corp. (CSE: SPEY) (OTC: SPEYF) (FRA: 2JS) (“ Spey ” or the “ Company ”) announces that it is subject to a continuous disclosure review by the British Columbia Securities Commission (the “ BCSC ”). The review relates to the Company’s recent disclosure record and includes a review of certain disclosure surrounding recent acquisitions completed by the Company. Read More from Financial Post https://ift.tt/3mMyqZd
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Tinley’s Facility Receives Provisional Distributor License; Signs with Humboldt Social to Produce “Social Nature” Infused Beverages

TORONTO and LOS ANGELES, Aug. 31, 2021 (GLOBE NEWSWIRE) -- The Tinley Beverage Company Inc. (CSE:TNY, OTC:TNYBF) (“Tinley’s”) is pleased to announce that its facility in Long Beach California has been awarded a ‘Provisional Cannabis Distributor License’ by California’s Department of Cannabis Control. This enables the Company to immediately transfer finished product from its licensed manufacturing space to its licensed distribution area, provide warehousing and clear finished products for state testing. This licence enables the Company to add the remaining component of its suite of services for third-party beverage brand manufacturing that the Company set out to offer in building the Long Beach facility. The Company is also pleased to announce that Humboldt Social, a leading cannabis hospitality company, will produce its “Social Nature” cannabis beverages at Tinley’s facility for use at exclusive cannabis-friendly hotels, lounges and other venues in California. Read More from Financia
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OPEC+ sees tighter oil market until May 2022

DUBAI/LONDON -- OPEC+ expects the oil market to be in deficit at least until the end of 2021 and stocks to stay relatively low until May 2022, OPEC+ sources said on Tuesday, a day ahead of a policy meeting amid U.S. pressure to raise production. Read More from Financial Post https://ift.tt/3gMYhwa
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Stocks sit near record highs as jobs report looms

NEW YORK/LONDON -- A gauge of global equities headed for its seventh consecutive month of gains on Tuesday, but stocks and the dollar traded flat on the day as weak economic data suggested slower growth ahead and investors awaited a U.S. jobs report at week's end. Read More from Financial Post https://ift.tt/3zBP6pY
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Canada’s Conservatives hammer Trudeau on slowing economy ahead of vote

OTTAWA -- Canada's Conservatives hammered Liberal Prime Minister Justin Trudeau on Tuesday after data showed that the country's economy unexpectedly shrank in the second quarter and again in July, putting the economy at the center of debate three weeks ahead of a national election. Read More from Financial Post https://ift.tt/3t5YQ9w
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Reilly Law Announces that Eighth Circuit Affirms $106 Million Judgment in Bank Trustee Breach of Duty Case

“This is a great day for our clients, Jo Ann Howard, and everyone involved in the state insurance guaranty association system,” said Dan Reilly , Colorado attorney who served as lead trial counsel and argued before the Eighth Circuit Court of Appeals on the matter in January. “Our clients have been relentless and patient in their pursuit of these claims against PNC. I am quite confident that they will continue to take the steps necessary to bring this case to its ultimate conclusion.” Read More from Financial Post https://ift.tt/3DvX5XQ
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Canadian Vaping Association: Canada’s smoking reduction targets lag behind other Western nations

BEAMSVILLE, Ontario, Aug. 30, 2021 (GLOBE NEWSWIRE) -- For the better part of a decade, science has found vaping to be significantly less harmful than smoking. While this fact is widely acknowledged by health agencies and academics, the Canadian Vaping Association (CVA) is concerned by recent surveys finding more than half of smokers believe vaping is as or more harmful than smoking. Misperceptions surrounding vaping have slowed adoption and prevented smokers from making informed decisions about their health. Read More from Financial Post https://ift.tt/3gNyYdr
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Fed’s Mester not ready to accept recent inflation surge as meeting central bank’s goal

Cleveland Federal Reserve Bank President Loretta Mester said on Monday that the U.S. economy is recovering strongly but she is not yet convinced that recent inflation readings will be enough to satisfy the price stability goal the U.S. central bank revamped a year ago. Read More from Financial Post https://ift.tt/3mJjZ8f
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Non-food credit growth rises to February level of 6.6% during fortnight ended Aug 13

As on August 13, outstanding non-food credit stood at Rs 108.17 lakh crore, showed data released by the Reserve Bank of India (RBI). Deposit growth rose to 10.58% y-o-y from 9.8% in the previous fortnight. The value of bank deposits was Rs 155.7 lakh crore as on August 13. from The Financial Express https://ift.tt/38q3Xrt
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Oil producers shut 96% of U.S. Gulf of Mexico crude output as Hurricane Ida slams coast

Oil producers had shut-in 1.74 million barrels per day of oil production in the U.S. Gulf of Mexico as of Sunday, according to the offshore regulator, as Hurricane Ida slammed into the Louisiana coast as a Category 4 storm. More than 93% of U.S. Gulf of Mexico natural gas production was also out, according to the Bureau of Safety and Environmental Enforcement (BSEE). Read More from Financial Post https://ift.tt/3DseXmr
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My Art, My Right: Creative community gears up to fight abuse, harassment and fakes

For decades, artists in the country have been dragged to court for alleged offences such as obscenity, hurting people’s sentiments, etc, even while battling systemic abuse, as well as the issue of fakes. But now, the creative community is gearing up through dedicated forums to navigate the complex web of laws related to the field of arts to fight abuse, harassment and fakes from The Financial Express https://ift.tt/3zmg9oW
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Theranos founder claims abuse by ex-boyfriend in fraud trial -court filings

Theranos Inc founder Elizabeth Holmes has accused her former boyfriend, who was president of the blood-testing startup, of abusing her, court documents unsealed on Saturday showed, hinting at a possible defense strategy with jury selection in her fraud trial set to start next week. Read More from Financial Post https://ift.tt/3kwLVJB
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Liberals shift target to Big Banks from Big Oil, but there’s little relief in oilpatch

CALGARY – Liberal leader Justin Trudeau's move to put the Big Six banks in his crosshairs instead of Big Oil, his previous favourite target, is causing some transitory relief in the Calgary oilpatch, but also some anxiety that energy as well as additional sectors may be targeted as the federal election campaign continues. Read More from Financial Post https://ift.tt/3gAAnUA
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Brookfield Infrastructure Announces Acquisition of Approximately 18.4 Million Additional Inter Pipeline Ltd. Common Shares

BROOKFIELD, NEWS, Aug. 27, 2021 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), together with its institutional partners (collectively, “ Brookfield Infrastructure ”) are pleased to announce that Brookfield Infrastructure has paid for the additional 18,369,800 Inter Pipeline common shares tendered under its Offer as of August 25, 2021, increasing Brookfield Infrastructure’s aggregate ownership of Inter Pipeline’s common shares from 68.7% to 73.0%. Read More from Financial Post https://ift.tt/3mBn7Ty
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BC Craft Supply Co. Provides Update

VANCOUVER, British Columbia, Aug. 27, 2021 (GLOBE NEWSWIRE) -- BC Craft Supply Co. Ltd., ( CSE: CRFT ) (“ CRFT ” or the “ Company ”), a diversified wellness company advancing cannabinoid and psychedelic innovation and psychotherapy, wishes to advise that Mrs. Regan McGrath has resigned as the Company’s Chief Financial Officer (“ CFO ”), effective August 24, 2021. Mr. Matt Watters has been appointed as the interim CFO while a suitable replacement is being sought. Read More from Financial Post https://ift.tt/3jtu8nD
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D-BOX Provides Management Cease Trade Order Update Per Policy Statement 12-203

MONTREAL, Aug. 27, 2021 (GLOBE NEWSWIRE) -- D-BOX Technologies Inc. (“ D-BOX ” or the “ Corporation ”) (TSX: DBO) is providing an update with respect to its previously announced management cease trade order (“ MCTO ”) issued by the Corporation’s principal regulator, the Autorité des marchés financiers (the “ AMF ”), on August 12, 2021. The MCTO was issued in connection with the delay by the Corporation in the filing of its unaudited and condensed interim consolidated financial statements, its management’s discussion and analysis for the quarter ended June 30, 2021 and related officer certifications (collectively the “ Required Documents ”) before the prescribed deadline of August 14, 2021.The Corporation’s Board of Directors and management confirm that they are working expeditiously to file the Required Documents as soon as they are available, but in any event no later than September 16, 2021. As previously announced, pursuant to the MCTO, the CEO, the CFO and all the directors of the
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Nyxoah Appoints Rita Johnson-Mills to its Board of Directors

Robert Taub, Chairman of the Board of Directors of Nyxoah, commented: “We are delighted to welcome Rita Johnson-Mills to the Nyxoah Board of Directors. Her wealth of knowledge, extensive operating experience and expertise in corporate governance will be invaluable as we navigate the healthcare industry with new and innovative solutions. Rita's addition will also strengthen our US presence and our commitment to Board diversity.” Read More from Financial Post https://ift.tt/3DnAnRC
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West End Wealth Planning Announces Webinar for Cottage Tax & Transfer Mistakes

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ESPN explores sports-betting deal worth at least $3 billion – WSJ

Walt Disney Co's ESPN is looking to license its brand to major sports-betting companies for at least $3 billion over several years, the Wall Street Journal reported on Friday, citing people familiar with the matter, as it aims to cash in on the fast-growing online gambling industry. Read More from Financial Post https://ift.tt/2WxslVd
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Report on Financial Results for the Three and Six Months Ended June 30, 2021

TORONTO, Aug. 26, 2021 (GLOBE NEWSWIRE) -- Mitchell Cohen, Chief Executive Officer and President of Urbanfund Corp. (TSX-V: UFC) (“Urbanfund” or the “Company”), confirmed today that the Company has filed its financial statements for the three and six months ended June 30, 2021 (the “Consolidated Financial Statements”) and corresponding Management’s Discussion and Analysis (“MD&A”). Read More from Financial Post https://ift.tt/3gz7mbK
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Wall Street loses ground, snapping rally on Afghanistan, Fed concerns

NEW YORK -- Wall Street closed lower on Thursday, ending a streak of all-time closing highs on concerns over developments in Afghanistan, while fears of a potential shift in U.S. Federal Reserve policy prompted a broad but shallow sell-off the day before the Jackson Hole Symposium. Read More from Financial Post https://ift.tt/3gyfnOs
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ABC News president calls for independent investigation in sexual assault case – source

ABC News President Kim Godwin on Thursday indicated she would request an independent investigation into how the TV network handled sexual assault allegations against a former "Good Morning America" senior executive producer, on a call with newsroom employees, according to an employee who was on the call. Read More from Financial Post https://ift.tt/2Wtw6LR
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WeCommerce Reports Second Quarter 2021 Results

VICTORIA, British Columbia -- WeCommerce Holdings Ltd. (“WeCommerce” or “the “Company”) (TSXV: WE) today announced its financial results for the three- and six-month periods ended June 30, 2021 (“Q2 2021” and “YTD Q2 2021 respectively”). Currency amounts are in Canadian dollars unless otherwise noted. Read More from Financial Post https://ift.tt/2Wsnfdm
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Mountain Valley MD Holdings to Graduate to OTCQX Best Market, Updates Broader Up-Listing Strategy

TORONTO, Aug. 26, 2021 (GLOBE NEWSWIRE) -- Mountain Valley MD Holdings Inc. (the “ Company ” or “ MVMD ”) (CSE: MVMD) (FRA: 20MP) is pleased to announce that effective August 27, 2021, it will graduate from the OTCQB Venture Market ("OTCQB") and commence trading on the OTCQX Best Market ("OTCQX") under the symbol “MVMDF". Read More from Financial Post https://ift.tt/38nkoVf
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Wall Street closes lower, ending rally on Afghanistan, Fed concerns

NEW YORK -- Wall Street lost ground on Thursday, ending a streak of all-time closing highs on concerns over developments in Afghanistan, while fears of a potential shift in U.S. Federal Reserve policy prompted a broad but shallow sell-off the day before the Jackson Hole Symposium. Read More from Financial Post https://ift.tt/2WvsDfe
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CannaVault Systems Inc. Announces Child & Contamination Safe Storage for Cannabis in Personal and Commercial Applications

GRAND FORKS, British Columbia, Aug. 25, 2021 (GLOBE NEWSWIRE) -- After almost 4 years of development, CannaVault™ Systems Inc. is proud to announce the launching of the first product of its kind, combining Child Safety and CO2 storage for cannabis in a home appliance! CO2 has been proven to aid in the storage of perishables and is used extensively in the food and beverage industry. CannaVault™ combined that knowledge with sensors and phone apps, creating a “Child Safe” and “Contamination Safe” storage system for cannabis. The CannaVault™ Basic Model is made with a 16 gauge stainless steel outside jacket, covering over a 12 gauge stainless steel pressure vessel and sliding drawer. Read More from Financial Post https://ift.tt/3BaJlQi
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Royal Gold Announces Fourth Quarter Dividend

DENVER -- ROYAL GOLD, INC. (NASDAQ: RGLD) (together with its subsidiaries, “Royal Gold” or the “Company,” “we” or “our”) announced today that its Board of Directors has declared its fourth quarter dividend of $0.30 per share of common stock. The dividend is payable on October 15, 2021, to shareholders of record at the close of business on October 1, 2021. Read More from Financial Post https://ift.tt/2URbFb0
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Equities edge higher, dollar falls amid U.S. House bill passage, upcoming Fed speech

NEW YORK -- Global equity markets rose and the U.S. dollar slipped on Wednesday, with investors more optimistic a day after the House of Representatives passed the $3.5 trillion budget framework and a top health official expressed confidence in fighting COVID-19. Read More from Financial Post https://ift.tt/3BdZu7G
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Arizona Gold and Golden Predator Shareholders Approve Business Combination

VANCOUVER, British Columbia, Aug. 25, 2021 (GLOBE NEWSWIRE) -- Arizona Gold Corp. (“ Arizona ”) ( TSX: AZG, OTCQB: AGAUF ) and Golden Predator Mining Corp. (“ Golden Predator ”) ( TSX.V: GPY, OTCQX: NTGSF ) are pleased to announce that shareholders of both Arizona and Golden Predator have overwhelmingly approved all matters voted on at Arizona’s special meeting as well as at Golden Predator’s special meeting held earlier today, including the proposed acquisition by Arizona of all of the outstanding common shares of Golden Predator by way of a proposed plan of arrangement (the “ Arrangement ”), pursuant to the terms and subject to the conditions of the arrangement agreement between Arizona and Golden Predator dated June 28, 2021. Read More from Financial Post https://ift.tt/3sLd6UK
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Canadian Labour Congress President Bea Bruske Demands Worker-Centred Recovery Bruske in Halifax to canvass in support of candidate Lisa Roberts

“The pandemic hit Halifax’s economy hard. We need to attract good jobs back to this province and have a worker-centred recovery,” said Bruske. “I know Lisa Roberts will be focused on replacing lost jobs with better ones and making life more affordable for people here in Halifax and across Nova Scotia.” Read More from Financial Post https://ift.tt/38aiWFU
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The S&P 500 nabs another all-time closing high ahead of Jackson Hole

NEW YORK -- Wall Street gained ground on Wednesday, with chipmakers and financials helping to push the S&P 500 and the Nasdaq to record closing highs as investors look to the upcoming Jackson Hole Symposium for assurances that Federal Reserve's timeline for policy tightening remains intact. Read More from Financial Post https://ift.tt/3ko6lEK
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BioNova Selects Eight Semi-Finalists to Participate in the 11th Annual BioInnovation Challenge

HALIFAX, Nova Scotia -- Eight early-stage health and life sciences companies from each of the four Atlantic Canadian provinces have been chosen as the 2021 BioInnovation Challenge (BIC) semi-finalists. Hosted by BioNova, the BioInnovation Challenge is one of the longest-running business competitions in Atlantic Canada, celebrating and propelling the region’s next top innovators. This year's BIC will be held virtually during BioNova’s annual BioPort conference , Nov. 2-5, 2021. Read More from Financial Post https://ift.tt/3ylidw2
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Wall Street drifts toward record closing highs in risk-on session

NEW YORK -- Wall Street advanced on Wednesday, with chipmakers and financials setting the S&P 500 and the Nasdaq on course to once again cinch all-time closing highs as investors look to the upcoming Jackson Hole Symposium for clues regarding the Federal Reserve's timeline for policy tightening. Read More from Financial Post https://ift.tt/38fNFRM
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UPDATE — CLC: Record Bank Profits Reveals Pandemic’s Economic Winners and Losers

Many of Canada’s largest companies have continued paying out dividends to their shareholders, despite receiving government aid and five of Canada’s six largest banks cut their workforces by 4.4% in the past year, while simultaneously increasing their customer fees . Read More from Financial Post https://ift.tt/38ceRRk
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Eguana Announces Date for Third Quarter 2021 Financial Results and Conference Call

CALGARY, Alberta, Aug. 24, 2021 (GLOBE NEWSWIRE) -- Eguana Technologies Inc. (“Eguana” or the “Company”) (TSX.V: EGT) (OTCQB: EGTYF) will post its financial results for the third quarter of 2021 after close of market on August 26, 2021. Eguana management will host a conference call on Thursday August 26th, at 5:00 p.m. eastern time (EDT) to discuss the quarter results, provide a business update, and hold a live question and answer period. Registration in advance is required. Read More from Financial Post https://ift.tt/38760Rb
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TILT announces historic partnership with Shinnecock Indian Nation of New York to develop vertical cannabis operations TILT and the Shinnecock Nation will cooperatively build and operate cannabis cultivation, processing, dispensaries and consumption lounge facilities on Long Island

PHOENIX, Aug. 24, 2021 (GLOBE NEWSWIRE) -- TILT Holdings Inc. (“TILT" or the “Company”) ( NEO: TILT) ( OTCQX: TLLTF ), a global provider of cannabis business solutions that include inhalation technologies, cultivation, manufacturing, processing, brand development and retail, today announced a new partnership with the Shinnecock Indian Nation (“Shinnecock” or the “Nation”), a federally recognized Native American tribe living on their traditional lands on Long Island, N.Y., to establish vertical cannabis operations on their aboriginal tribal territory in the Hamptons. Read More from Financial Post https://ift.tt/3gwBqoG
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SmartCentres Declares Distribution for August 2021

TORONTO, Aug. 24, 2021 (GLOBE NEWSWIRE) -- SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX:SRU.UN) announced today that the trustees of SmartCentres have declared a distribution for the month of August 2021 of CDN $0.15417 per trust unit, representing CDN $1.85 per unit on an annualized basis. Payment will be made on September 15, 2021 to unitholders of record on August 31, 2021. Read More from Financial Post https://ift.tt/3jdsLce
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Canadian Labour Congress President Bea Bruske Demands Worker-Centred Recovery Bruske in St. John’s East to canvass in support of candidate Mary Shortall

ST. JOHN’S, Newfoundland and Labrador, Aug. 24, 2021 (GLOBE NEWSWIRE) -- President Bea Bruske launched the Canadian Labour Congress’ election tour in St. John’s today calling on voters to back candidates who support a recovery focused on workers. Read More from Financial Post https://ift.tt/3BdToEl
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Award-winning developer Vesta continues to offer innovative and affordable housing solutions to meet surging demand at Copperfield in Southeast Calgary

Demand is being driven by new families arriving in Calgary to put down their roots, many of whom have multi-generational households, as well as through buyers who are adjusting to the pandemic-fuelled new hybrid normal that Alberta is now gradually entering. Many buyers are seeking more space, given that they have seen their employment change to a combination of work from home as well as work from the office days. Read More from Financial Post https://ift.tt/2XKAVAC
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U.S. near deal for Nvidia supercomputer as it waits for delayed Intel machine -sources

The U.S. Department of Energy is nearing a deal to purchase a supercomputer made with chips from Nvidia Corp and Advanced Micro Devices Inc as a key lab waits for a larger supercomputer from Intel Corp that has been delayed for months, two people familiar with the matter told Reuters. Read More from Financial Post https://ift.tt/3BbTo7x
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Brompton Funds Declare Distributions

TORONTO, Aug. 24, 2021 (GLOBE NEWSWIRE) -- (TSX: DGS, DGS.PR.A GDV, LBS, LCS, PWI, SBC) – Brompton Funds announces distributions payable on September 15, 2021 to class A shareholders of record at the close of business on August 31, 2021 for each of the following funds: Read More from Financial Post https://ift.tt/3myf7ma
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Canadian Vaping Association: Proposed flavour ban ignores the underlying neglected state of mental health in youth

BEAMSVILLE, Ontario, Aug. 24, 2021 (GLOBE NEWSWIRE) -- Youth wellbeing in Canada has seen a decline in recent years. The staggering numbers demonstrate that the perceived mental health with a mention of poor/fair more than doubled in 2018 for youth. While proponents of flavour restrictions often cite surveys finding that some youth indicate flavours are a reason for use, they ignore the same survey data which indicates mental health is a driving force. Canadian youth have been vocal regarding their mental health and the need for counseling, and through forward-thinking studies, it’s becoming apparent that their requests are valid and pressing. Read More from Financial Post https://ift.tt/3sHEfbl
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Stocks, U.S. yields gain ahead of Fed chair Powell’s Jackson Hole speech

NEW YORK/LONDON -- Global equity markets and U.S. Treasury yields rose on Tuesday as positive U.S. vaccination news and easing worries about the U.S. tapering stimulus lifted sentiment ahead of a key speech by Federal Reserve Chair Jerome Powell later this week. Powell is due to speak on Friday at the Fed's annual economic symposium at Jackson Hole, Wyoming. Worries the Fed was edging closer to tapering its stimulus weighed on global markets last week, but investors are now much less confident Powell's speech at Jackson Hole will indicate a timeline for winding down the Fed's bond-buying program. Read More from Financial Post https://ift.tt/3grThwI
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Quantum Computing Technologies Highlight CMC Microsystems’ Plan to Accelerate High Tech Manufacturing in Canada

MONTREAL -- CMC Microsystems (CMC) has brought together 14 project founders from industry, academia and non-profit technology research organizations to support a five year, $700 M program to accelerate high tech manufacturing in Canada. Read More from Financial Post https://ift.tt/3jduf6r
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