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TORONTO (Reuters) - The Canadian dollar edged lower against its U.S. counterpart on Thursday, pulling back from an earlier one-week high as a sell-off on Wall Street driven by higher bond yields offset surging oil prices.
The safe-haven U.S. dollar rallied against a basket of major currencies and Wall Street slumped after remarks from Federal Reserve Chair Jerome Powell disappointed investors worried about rising longer-term U.S. bond yields.
Canada runs a current account deficit and is a major producer of commodities, including oil, so the loonie tends to be sensitive to risk appetite.
U.S. crude oil futures settled 4.2% higher at $63.83 a barrel after OPEC and its allies agreed to keep production unchanged into April.
Move over RuPaul, the Drag Kings are ready to rule
12 minutes to read
By: Frank DeCaro
The blurring of gender boundaries has allowed for more freedom in online pageants and soon, it s hoped, back in the clubs. It should not be a big hairy deal that a 32-year-old Chicago-based drag performer named Tenderoni will be vying in a virtual talent competition Sunday, and yet it is truly a reason to wig out.
The pageant is called Drag Queen of the Year 2021. But despite a penchant for lip-syncing to Missy Elliott, Tenderoni isn t a drag queen. He s a drag king, which, generally speaking, means a performer born female who takes the stage in men s clothes. He is what was once called a male impersonator, pencilled-on moustache, compressed chest and all.
Covid 19 coronavirus: Closing time - why some Auckland restaurants won t survive a fourth lockdown
5 Mar, 2021 04:00 PM
16 minutes to read
At alert level 3, restaurants and cafes can only open for contactless takeout. Photo/Sylvie Whinray
At alert level 3, restaurants and cafes can only open for contactless takeout. Photo/Sylvie Whinray
Summer didn t save them and now they re back in lockdown. The future is bleak for inner-city restaurateurs, reports Kim Knight.
A man from New Zealand walks into a restaurant and sits down.
Lucky bastard. That s it. That s the joke, as told recently on Twitter. In the middle of a global pandemic, when thousands of restaurants had gone to the wall, New Zealanders were still choosing between the chicken or the fish. If you didn t laugh, you d refinance your house - because perception is not always reality.
Business Hub: Kiwi smart drink maker Ārepa signs Coles deal, hires heavy-hitter
5 Mar, 2021 04:32 AM
5 minutes to read I was selling caffeine and sugar, which I knew wasn t good for people, says Angus Brown. He switched tack to found Ārepa. Photo / Dean Purcell I was selling caffeine and sugar, which I knew wasn t good for people, says Angus Brown. He switched tack to found Ārepa. Photo / Dean Purcell
Auckland-based smart drink maker Ārepa is looking to raise $5 million on the back of a deal with Coles Supermarkets in Australia. Founder and chief executive Angus Brown says the Coles deal will help his