CIBC report says strength in job market even better than headlines suggest + MORE Jan 11th

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TORONTO _ Licensed marijuana producer Aphria Inc. (TSX:APH) says it stands by its decision to invest south of the border, despite a recent U.S. cannabis crackdown and a warning from Canada’s biggest exchange operator that cross-border pot firms could face a delisting.
The comment from Aphria’s CEO Vic Neufeld comes less than a week after U.S. Attorney General Jeff Sessions rescinded an Obama-era memo that suggested that the federal government would not intervene in states where the drug is legal. This guidance, known as the Cole Memorandum, opened the door for several states to legalize the drug for medicinal and recreational use but marijuana remains illegal under federal law.
Neufeld’s comments also comes as the TMX Group, which operates the Toronto Stock Exchange and the TSX Venture, reviews cannabis firms’ cross-border activities, after warning in October that federal law takes precedence over state laws, and that violators may face delisting.
That raised questions about Aphria, one of the biggest Canadian producers with U…

TORONTO _ A report by CIBC says the recent strength in Canada’s labour market runs deeper than just the 420,000 jobs added last year.
CIBC deputy chief economist Benjamin Tal says the economy also saw average wage earnings grow and the creation of more higher-paying jobs last year than low-paying ones.
CIBC also notes that youth unemployment rate has been falling faster than the unemployment rate among adults.
Statistics Canada reported last week that the unemployment rate ended last year at its lowest point in more than 40 years as job creation in 2017 reached a pace not seen in a calendar year since 2002.
Tal says the Canadian job market is well positioned to face tests this year, such as minimum wage hikes and the ongoing NAFTA negotiations.
The post CIBC report says strength in job market even better than headlines suggest appeared first on Canadian Business – Your Source For Business News.

CTV NewsNorway's PM makes business case of 'green economy' to TrumpCTV NewsWASHINGTON — Norway's prime minister told U.S. President Donald Trump on Wednesday that her country remains committed to the Paris climate agreement, making the business case of the "green economy" to the real estate developer-turned president. Prime …Trump says he wishes the US would use hydropower. (We do. A lot.)Washington PostClimate change: Trump says US 'could conceivably' rejoin Paris dealBBC NewsWorking with India, Russia, China is a good thing: TrumpThe HinduWBUR -Hindustan Times -The Denver Post -RTE.ieall 126 news articles »

TORONTO _ The Canadian dollar and the Toronto stock index fell Wednesday amid media reports that the United States will soon announce its intent to pull out of the North American Free Trade Agreement.
The loonie closed at an average trading price of 80.03 cents US, down 0.27 of a U.S. cent.
The S&P/TSX composite index lost 71.29 points to 16,247.95, with industrials among the main decliners.
Separate reports from Reuters and Bloomberg say two Canadian government sources believe it’s likely that U.S. President Donald Trump will give six-months’ notice to withdraw from NAFTA in late January.
In New York, the Dow Jones industrial average dropped 16.67 points to 25,369.13. The S&P 500 index edged back 3.06 points to 2,748.23 and the Nasdaq composite index was down 10.01 points to 7,153.57.
In commodities, the February crude contract was up 61 cents to US$63.57 per barrel and the February natural gas contract was down two cents to US$2.91 per mmBTU.
The February gold contract gained US$5…