Canopy Growth Corp. Chief Executive Officer David Klein said he expects the pot giant to be operating in the United States in about a year amid hopes that a Democrat-controlled Congress will pass legislation that would effectively legalize cannabis federally. What we really need is some combination of SAFE Banking, a revised Cole memorandum, and a reclassification by the executive branch, all of which ⦠probably happens in the next six-to-eight months anyway, Klein said in an interview. We re pretty confident we ll be operating in the U.S. a year from now. So, we feel pretty good about that.
On Tuesday, Georgia voters added two more Democrats to the Senate in a special runoff election, meaning its composition is now an even 50-50 split between the two major U.S. parties. However, incoming vice-president Kamala Harris would cast potential tiebreaking votes, giving the Democrats control of the legislative body, in addition to the House of Representatives and the White Ho
European stocks rise tentatively after strong session the day before Wall Street record highs as DC turmoil is shrugged off Congress confirms Biden election as president WTI hits $51, bond yields rise further “The people cannot be all, and always, well informed. The part which is wrong will be discontented in proportion to the importance […]
Fixed mortgage rates sink to lowest levels in history but could be headed higher
Kathy Orton, The Washington Post
Jan. 7, 2021
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The 30-year fixed mortgage rate, the most popular loan product, sank to its lowest level on record this week, marking the 17th historic low it has hit in less than a year. But rates may have hit bottom as many experts predict them to rise in the coming year.
According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average sank to 2.65% with an average 0.7 point. (Points are fees paid to a lender equal to 1% of the loan amount and are in addition to the interest rate.) It was 2.67% a week ago and 3.64% a year ago.
Like many of you reading this article, I am terribly disappointed with the outcome of the Georgia Senate races. The worst-case scenario has unfolded, with an incoming Democratic president, backed by a Democrat-controlled Congress (as the incoming vice president casts the deciding vote in the Senate). And the consequences could be grave. Very grave.
But let’s not throw in the towel or write the epitaph for America. Our fate is hardly sealed.
Consider this grave warning from a powerful Christian leader who warned of what was coming to our country as it threatened to lurch to the left: “We may see the Bible cast into a bonfire, . . . our children, either wheedled or terrified, uniting in the mob, chanting mockeries against God . . . our wives and daughters the victims of legal prostitution; soberly dishonoured; speciously polluted; the outcasts of delicacy and virtue, and the loathing of God and man.”
Jan 7, 2021 18:47 GMTFXStreet News
USD/CAD has stabilised just to the north of the 1.2700 level as USD’s bullish momentum fades.
Aside from the USD, CAD the next best performing G10 currency on the day.
USD/CAD has stabilised below highs of the day at 1.2730 and above the psychological 1.2700 level in recent trade as bullish US dollar momentum fades. Recent consolidation in the pair is in fitting with price action in the Dollar Index (DXY), which has been moving sideways in an 89.70-89.90 range since midway through the European morning. At present, the pair trades with gains of around 0.4% or close to 50 pips on the day.