Just Stop Oil to halt protests on M25

The Just Stop Oil protests that have disrupted the M25 motorway around London over the past four days are to pause, organisers have said, to give the government time to reconsider issuing fresh licences for oil and gas extraction.

The demonstrators said they had chosen Remembrance Day to halt the action to call on Rishi Sunak “to honour all those who served and loved their country” by ensuring a “liveable future”.

Just Stop Oil staged 32 days of disruption from the end of September and throughout October, which the Metropolitan police said resulted in 677 arrests with 111 people charged, and officers working a total of 9,438 additional shifts.

The action on the M25 has provoked outrage all week – and not only for the disruption caused to commuter journeys.

Earlier in the week, Hertfordshire police came under criticism as it emerged they had arrested members of the media including … Read more

Wholesale, Auto Figures Due in Canada Next Week

Monday

U.S.

Featured Earnings

Tyson Foods Inc. (NYSE:TSN) (Q4) EPS estimates for $1.70, compared to $2.30 in the prior-year quarter.

KE Holdings Inc (NYSE: BEKE) (Q3) EPS estimates for gain of nine cents, compared to loss of 23 cents in the prior-year quarter.

AECOM (NYSE:ACM) (Q4) EPS estimates for 84 cents, compared to 81 cents in the prior-year quarter.

Canada

Featured Earnings

Africa Oil Corp. (T.AOI) (Q3) EPS estimates for nine cents, compared to two cents in the prior-year quarter.

Ivanhoe Mines Ltd. (T.IVN) (Q3) EPS estimates for eight cents, compared to 26 cents in the prior-year quarter.

MAG Silver Corp. (T.MAG) (Q3) EPS estimates for 10 cents, compared to eight cents in the prior-year quarter.

Tuesday

U.S.

Economic Lookahead

Producer Price Index – Final Demand (Oct.)

Featured Earnings

Walmart Inc. (NYSE: WMT) (Q3) EPS estimates for $1.31 compared to $1.45 in the prior-year quarter.

Home Depot Inc. (NYSE:HD) (Q3) … Read more

Rise in back pain and long-term sickness linked to home working

Anybody who emerged from the Covid-19 lockdowns with a frozen shoulder or a neck crick after spending hours hunched over their laptop at the kitchen table would be painfully aware of the dangers of working from home.

Now the nation’s number crunchers have provided evidence that remote working may be partly to blame for the UK’s chronic labour shortage, with tens of thousands of extra people reporting as long-term sick due to lockdown related injuries.

In a sign that poor ergonomics can have an impact on economics, the Office for National Statistics found a big rise in the number of people being unfit for work because of neck and back injuries. Overall, the ONS said the number of people identified as economically inactive because of long-term sickness had increased from 2 million to 2.5 million in the three years from 2019, with more than 70% of the rise – 363,000 … Read more

Futures Pick up Friday

Futures for Canada’s resources-heavy stock index tracked gains in commodity prices on Friday, as top consumer China eased some COVID curbs while the dollar extended losses after U.S. inflation came in lower than expected.

The TSX Composite shot higher 646.11 points, or 3.3%, to close Thursday within shouting distance of the 20,000-point mark at 19,990.36

December futures were up 0.4% on Thursday.

The Canadian dollar moved up 0.13 cents to 75.15 cents U.S.

Bank of Canada Governor Tiff Macklem said on Thursday that the country’s red-hot labour market can weather an economic slump without seeing a major surge in unemployment.

Traders are pricing a 73.6% chance of a smaller 25-basis-point rate hike by the BoC at its December meeting.

ON BAYSTREET

The TSX Venture Exchange sprinted 17.36 points, or 3%, Thursday to 594.69

ON WALLSTREET

Stock futures rose Friday after China said it would ease some COVID measures, building on … Read more