(Bloomberg) — Joe Biden scored early wins in traditionally Democratic states in the U.S. while President Donald Trump won Republican strongholds, according to the Associated Press and networks, with key battlegrounds still to be decided.Florida, which Trump’s campaign considers crucial to his re-election hopes, remains undeclared. Trump held a lead in the state after out-performing in one of its most populous counties, Miami-Dade.Other battleground states were also undecided, including North Carolina, Ohio, Georgia, Pennsylvania and Michigan. Trump held a narrow lead in North Carolina and a larger one in Ohio, though there are votes outstanding in both states. Trump won both in 2016.Biden is ahead in Arizona, a state Trump won in 2016, but many votes remain to be counted.The early results gave Biden a 209-118 lead in the Electoral College. The first candidate to reach 270 will claim the presidency.Biden won California, Oregon, Washington, Colorado, New York, Virginia, Illinois, Maryland, New Jersey, Massachusetts, Connecticut, Vermont, Rhode Island, New Mexico, Delaware, District of Columbia and New Hampshire, according to the AP.Trump won Idaho, Kansas, Arkansas, Indiana, Kentucky, Tennessee, South Carolina, Alabama, Mississippi, West Virginia, North Dakota, Nebraska, South Dakota, Wyoming, Louisiana, Oklahoma and Missouri.Senate Majority Leader Mitch McConnell, a Kentucky Republican, was re-elected, the AP said. Lindsey Graham of South Carolina, the Senate Judiciary Committee chairman, was re-elected, and former Colorado Governor John Hickenlooper, a Democrat, defeated Senator Cory Gardner. Senator Doug Jones, an Alabama Democrat, was defeated by Republican Tommy Tuberville.Biden is winning over Latino and African-American voters in numbers similar to Hillary Clinton four years ago, and is narrowing Trump’s margin among White voters, early exit polls from the AP show.Trump had a six-point lead among White voters in Tuesday’s election. Network exit polls four years ago showed him with a 20-point advantage among those voters. Biden led among Latino voters by a 2-to-1 ratio, and Black voters 13-to-1.Trump and Biden have little more to do than wait as officials tally the votes, including millions of pivotal mail-in ballots that could take days to count. Some Trump supporters posted on Twitter that they were headed to the White House for an election-night party.A final outcome in the race may not be known until much later in the night, or possibly in days or weeks, if vote counts are close.The odds of a second Trump presidency were trading at more than 79% on the Betfair exchange, and U.S. equity tech futures surged more than 3.5% as investors speculated that they may avoid a contested election.Trump and Biden both projected confidence throughout Election Day, pointing to long lines at some polling stations as signs they were poised to win. While there were reports of high voter turnout in states including Texas, Florida and Arizona, there were few signs of disturbances that many had feared.In Charlotte, North Carolina, police arrested a man who was legally carrying an unconcealed firearm after he returned to a polling station authorities said he’d been banned from. The New York Police Department said it will deploy thousands of officers on street patrol Tuesday night to dissuade violence. “Don’t even try it,” Chief of Department Terence Monahan said.Biden entered Election Day in a strong position, leading nationally by 7.2 percentage points as well as in most swing states, according to the RealClearPolitics polling average. But the Election Day vote was expected to favor Trump in large part because Democrats encouraged their supporters to cast early ballots.Despite Biden’s advantage, some Democrats are spooked that Trump could defy polls and win, just as he did in 2016. But Biden’s lead over Trump in national polls is greater than Clinton’s was on Election Day in 2016. RealClearPolitics had her ahead of Trump nationally by 3.2 percentage points.Biden also has held consistent leads in some key swing states he needs to win, while in 2016 some of those states were infrequently polled and assumed to be a slam dunk for Democrats.On Tuesday, Trump predicted a “big red wave” among Republicans who cast their ballots in person rather than vote early or by mail as many Democrats had done.“I think we’re going to have a great night,” Trump told reporters when he stopped in at his campaign headquarters in Arlington, Virginia, before returning to the White House to await polling results and work the phones.Voting takes place amid a deadly wave of the coronavirus pandemic, leading to millions of votes being cast by mail — a shift that could delay an official tally in some battleground states for days. In Pennsylvania, for example, election officials could not begin processing early ballots until Tuesday, and it’s unclear how long it will take officials to tally them.Early turnout information suggested that Republicans had erased Democrats’ lead in mail-in and early voting in Florida, a key state.Michael Bloomberg, the founder and majority owner of Bloomberg LP, the owner of Bloomberg News, provided $100 million in support of Biden and his running mate Kamala Harris in Florida, half of that from his Independence USA PAC.“If there’s something to talk about tonight I’ll talk about it,” Biden said Tuesday afternoon at a campaign stop in Wilmington, Delaware. “If not, I’ll wait till the votes are counted the next day.”The Biden campaign sees multiple paths to victory, while Trump has a narrower route that includes recapturing Pennsylvania while protecting the other states he won in 2016. A win for Biden in those states would all but guarantee him a victory. But the former vice president could also unseat Trump if he picks up traditional GOP bastions in the Sun Belt, like Georgia or Arizona.While Trump made only one stop outside the White House on Tuesday, Biden returned to his childhood hometown of Scranton before heading to Philadelphia. Biden said he wanted to restore “basic decency and honor” and unite a country he said has fractured under the Trump administration.“I can say Texas, Arizona, a few of them are looking really very strong,” Trump said in Arlington. “I think if anything, we’re going to do very well.”(Updates with Electoral College totals in fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Source: – Yahoo Canada Finance
Scotiabank CEO 'cautiously optimistic' about COVID rebound, reports $1.9B Q4 profit – Yahoo Canada Finance
Apple Rush Company seeing continued success with Element C through its distributor Botanaway, Inc. in Virginia
TITUSVILLE, Fla., Dec. 01, 2020 (GLOBE NEWSWIRE) — The Apple Rush Company, Inc. (US OTC PINK: APRU), announces that it has shipped additional pallets of Element C to Botanaway, Inc. in Virginia. Element C continues to prove itself in the territories it is represented in. Sales have been solid and we believe it is the best in class of CBD beverages. It is one of a kind in taste, efficacy, and value. Depending on the market, pricing at retail is falling between $5.99 and $7.99 per can with 25mg of CBD. We have a new production run scheduled for next week and are excited about the reorder rate from retailers in the Midwest as well. Tony Torgerud, CEO of Apple Rush, said, “each of our distributors is proving that Element C is a top notch product that consumers love. We are receiving testimonials from consumers that can’t believe the difference Element C has made in their lives and expect that will continue as we expand to additional territories.”David Reynolds Derian, CEO of Botanaway, Inc., commented, “Element C is an amazing CBD beverage. We are seeing success with it throughout our thousands of retail stores and have our sights on several other functional beverages in the near future. The technology in formulation that APRU utilizes has proven to be a great differentiator from the other CBD infused beverages on the market.”Tony Continued, “we are excited to have David and his team on board for Element C. His support has been invaluable in what we do in research and development for new products. Our production runs will continue to increase in size as we expand across the country. I would expect to be making some announcements in the near future on new product development expanding the Element Brands line. We have been receiving calls from other parts of the country for distribution and will be adding those as production increases.” About The Apple Rush Company, Inc. The Apple Rush Company, Inc., through its subsidiary APRU, LLC, is a distributor of CPG products under the trademarked Apple Rush brand, Element brand and other labels. The Apple Rush brand has more than 47 years of existence in the natural beverage industry. As a historical leader in the organic and natural beverage sector our goal is to now become a leader in the distribution of anhydrous hemp oil products nationwide. For more information, please go to www.applerush.com, www.aprubrands.com, and www.mistyk.com with our expanded product portfolio.Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations including words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter forward-looking statements, whether as a result of new information, future events or otherwise. Investor Relations Contact: Tony Torgerud 888-741-3777 x 2
Scotiabank beats as international unit rebounds, provisions fall – BNN
Bank of Nova Scotia kicked off earnings season for Canada’s Big Six lenders by handily beating profit expectations amid a sharp drop in funds set aside for loans that could go bad.
Scotia said Tuesday its fiscal fourth quarter net income was $1.9 billion, compared to $2.3 billion a year earlier. On an adjusted basis, it earned $1.45 per share. Analysts, on average, expected $1.22.
In a potentially encouraging signal about credit quality trends amid the second wave of COVID-19, the bank booked $1.13 billion in provisions for credit losses during the three months ending Oct. 31. While that was a 50-per-cent increase from a year earlier, it was a significant decline from the $2.18 billion that had been set aside in the previous quarter.
Scotia’s core Canadian banking operations struggled in the quarter compared to the same time in 2019, with revenue falling four per cent year-over-year and adjusted profit sliding 13 per cent. The bank pointed out its net interest income came under pressure because of the Bank of Canada’s rate cuts. On a sequential basis, the unit’s profit surged 81 per cent.
The bank’s sprawling international operations rebounded in the quarter as adjusted profit hit $353 million from just $4 million in the fiscal third quarter.
Scotia’s other primary operating units – wealth management and global banking and markets – each delivered year-over-year growth in adjusted profit.
“As we look forward to 2021, we will continue to put customers first and we remain cautiously optimistic that better times lie ahead as we continue to grow our presence as a leading bank in the Americas,” said CEO Brian Porter in a release.
Ottawa must be more transparent regarding COVID-19 vaccine rollout: expert – Canada News – Castanet.net
As some provinces push for clarity on when they will receive their share of Canada’s COVID-19 vaccines, one expert said Monday the government should be more transparent about the terms of its contracts with the companies making the shots.
Kerry Bowman, who teaches bioethics and global health at the University of Toronto, said it’s likely Ottawa doesn’t have the information the provinces are seeking regarding the timing and quantity of vaccine deliveries, particularly if its contracts with drugmakers are conditional.
But if that’s the case, he said, the federal government should state it clearly or risk eroding public trust in its system.
While news that COVID-19 immunizations could begin in some countries in a matter of weeks is good for Canada in the long term, it will lead to widespread frustration in the near future if the country is lagging behind, he added.
“There’s benefits to all of humankind, no matter who’s getting it,” he said.
Still, “if two weeks from now, the news is full of us watching people all over the world being inoculated, including the United States, and we’re not, there’s going to be some very unhappy Canadians.”
As well, he said, any delay in immunization translates to more COVID-19 cases and deaths, and mounting economic strain.
“People will die and other people’s lives will continue to be ruined until we pull out of it. And so, to me, whether it’s this month or that month (that we get the vaccine) is not irrelevant — it’s highly relevant,” he said.
Ontario Premier Doug Ford renewed his calls Monday for a clear delivery date for the province’s share of vaccines, stressing that “the clock is ticking” when it comes to fighting the novel coronavirus.
Ford said he was set to speak to Pfizer, one of the drugmakers that has entered into an agreement with Canada, on Monday afternoon but expected to be told the information must come from Ottawa.
The premier cited reports that other countries, such as the United Kingdom, are on track to start COVID-19 immunizations soon, adding Ontarians “need answers.”
Meanwhile, the American biotech company Moderna said Monday the first 20 million doses of its COVID-19 vaccine will be shipped to the United States next month.
The chairman of the American vaccine maker told the CBC on Sunday that Canada is near the front of the line to receive the 20 million doses it pre-ordered, confirming that the country’s early commitment to purchasing the shots means it will get its supply first.
Moderna is one of several companies to have already submitted partial data to a “rolling review” process offered by Health Canada. Rather than presenting regulators with a complete package of trial results, the would-be vaccine makers file data and findings as they become available. Canada has been looking at Moderna’s first results since mid-October.
The issue of when Canada will receive its orders came to the forefront last week when Prime Minister Justin Trudeau said the country will have to wait a bit because the first doses off the production lines will be used in the countries where they are made.
Trudeau has repeatedly defended his government’s vaccine procurement policy, saying Ottawa has secured multiple options for the country.
The federal government was pressed on the matter further during Monday’s question period, as some MPs called for greater transparency regarding vaccine rollout, noting other countries such as Australia have made their plans public.
Health Minister Patty Hajdu said the government has been working with the provinces and territories to ensure the plan is robust.
“Canada is well-served by the diversity of vaccines we have purchased early and in fact in great quantity. Canadians can be assured they too will have access to these vaccines that will bring us to the end of COVID-19,” she said.
Case counts remained high in several provinces Monday.
Ontario, Alberta and Quebec, reported 1,746, 1,733 and 1,333 new infections respectively. Together, the three provinces had 39 new deaths related to the virus.
Toronto, one of two Ontario hot spots currently under lockdown, recorded a daily high of 643 new infections.
In Manitoba, health officials stressed residents must limit their contact with others in order to bring down the numbers, as the province reported 342 new cases and 11 additional deaths.
The provincial government imposed strict measures on business openings and public gatherings more than two weeks ago, but officials said the test positivity rate remains at 13 per cent.
Nunavut, however, will begin to lift the lockdown measures it enacted in mid-November on Wednesday, as more people recover from the illness.
Only Arviat, which has 86 active cases, will continue to be in lockdown for at least another two weeks, with travel restrictions in place, Nunavut officials said.
The territory reported four new cases Monday, bringing the total to 181.
In British Columbia, the province announced the highest number of deaths for a three-day period as it recorded 46 fatalities over the weekend.
Provincial health officer Dr. Bonnie Henry became emotional Monday as she expressed her condolences to families and thanked caregivers for their dedication.
“Health-care workers have been at the front lines, or maybe the last line of defence right now,” she says. “I know how challenging it is and I’m with you every single day, supporting you in admiration for the work that you’re doing.”
Out east, six new infections have been recorded in New Brunswick today, while Newfoundland and Labrador reported one.
Nova Scotia reported 16 new cases of COVID-19, bringing its total of active cases to 138.
On Sunday, the federal government announced it will extend a series of travel restrictions meant to limit the spread of COVID-19 into January, in light of the steady rise in case counts across the country.
Public Safety Minister Bill Blair and Hajdu said in a statement the measures, which were first enacted near the start of the global health crisis, would be in effect until Jan. 21, 2021, for travellers entering Canada from a country other than the United States.
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