Author: cleantechstocks
Aduro’s Disruptive Oil Upgrading Technology Moves Closer to Commercialization Alberta’s oil sands produce vast amounts of heavy bitumen crude oil. But this oil needs to be upgraded into lighter synthetic crude or diluted with condensate before it can be refined into fuels like gasoline. These upgrading and diluting processes are major sources of CO2 emissions from the oil sands. To reach net zero emissions by 2050, the Pathways Alliance of major oil sands producers is seeking technologies like Aduro Clean Technologies’ innovative Hydrochemolytic bitumen upgrading process. Aduro’s patented Hydrochemolytic (HBU) technology offers advantages over existing methods, including lower emissions,…
WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Retail sales in Canada in July increased by 0.4 per cent from June, according to an estimate from Statistics Canada released on Wednesday. It was the largest month-to-month gain since April. In June, retail sales increased by 0.1 per cent, when autos are excluded, the figure then would have been a decline of 0.8 per cent. Preliminary data estimates a one per cent growth in the Canadian economy for the second quarter of 2023. – Conditions are seemingly improving in British Columbia while…
Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow Scotiabank analyst Mario Saric compares current REIT valuations to 2007 and finds the sector with upside now, “Let’s take it back to 2007. There has been a lot of chatter on recent spiking U.S. 10YR hitting prior peak of 5.2 per cent in June 2007 (Canada = 4.6-per-cent peak in June 2007). As a result, we thought it would be interesting to compare current valuation to then … Overall, the CAD REIT Index is 3 per cent below June 2007 (on price-only) and is trading…
The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. REUTERS/Robert Galbraith/File Photo Acquire Licensing Rights NEW YORK, Aug 23 (Reuters) – Bullish investors are hoping Wednesday’s earnings report from chip heavyweight Nvidia (NVDA.O) can rejuvenate a U.S. stocks rally that has stumbled in recent weeks. Nvidia shares have tripled in 2023, underscoring how a rebound in megacap stocks and excitement over the business potential of artificial intelligence have helped propel the S&P 500 (.SPX) to a 14% gain this year. The chipmaker’s year-to-date increase has led gains among the so-called Magnificent…
China’s ‘Lehman Moment’? Which domino will fall next as property crisis grows? South China Morning Post China’s housing sector wobbles again—and with it, faith in the wider economy The Economist Why It’s So Hard for China to Fix Its Real Estate Crisis The New York Times China’s economy is in crisis, but not on cusp of a ‘Lehman moment’ South China Morning Post China’s endless bust had begun MacroBusiness View Full Coverage on Google News
LONDON, Aug 23 (Reuters) – Euro zone business activity declined far more than thought in August with the slide in Germany particularly fast, while some inflationary pressures returned, surveys showed.Wednesday’s purchasing managers’ indexes complicate matters for the European Central Bank which wants to control still rampant price rises without causing a recession.It is expected to pause interest rate hikes in September, according to a narrow majority of economists polled by Reuters, despite elevated inflation. A further rise in rates by year-end remains on the cards, however, following the central bank’s most aggressive policy tightening cycle.”The continuing sharp drop in the…
Most people hate paying for financial advice, even when referred by a good advisor. Every day, I get calls from people who want financial advice but aren’t willing to pay for it. Take the case of Shobhit, 50, whose son recently joined medical studies. Shobhit wants to get out of his Public Provident Fund (PPF) and invest it in equity funds. He did not take loan for his child’s education and felt that equity funds would be a good way to increase the education corpus. His view is that PPF returns 7.1% per annum (pa), while equity funds can give…
Image Credits: zmeel / Getty ImagesOpenAI has shut down its AI classifier, a tool that claims to determine the probability that a passage of text was written by another AI. While many use and perhaps unwisely rely on it to pull off low-effort cheats, OpenAI has retired it due to its widely criticized “low accuracy rate.” The theory that AI-generated text has some defining feature or pattern that can be detected reliably seems intuitive, but so far has never been proven in practice. Although some generated text may have clear speech, the differences between major language models and the speed…
In the dynamic world of stock markets, investors are constantly looking for opportunities to maximize their returns. A common strategy used by traders and investors is to monitor and analyze stocks that have reached their 52-week high on the National Stock Exchange (NSE). This article examines the importance of 52-week high stocks on the NSE, the factors that drive their popularity, and the strategies that investors use to take advantage of these market dynamics. Understanding 52-Week High Stocks The 52-week high stock refers to a security, be it a stock or an exchange-traded fund (ETF), that has reached its highest…
As the global battle to curb inflation enters its next phase, Canada’s housing market offers a glimpse of what it could be for many other developed countries: a game of chicken between central bankers and consumers.It started when the Bank of Canada halted its interest rate hike campaign earlier this year, politely warning that they could go higher and at least stay high for some time. But no one seems to believe it. House hunters quickly flocked back to the market.
