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Palestinian Economy Contracted by 11.5% in 2020, World Bank Says – Bloomberg

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Economy

Canada selects HSBC, TD Securities as advisors for inaugural green bond issue

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The Government of Canada has selected HSBC and TD Securities as structuring advisors for its first ever issue of green bonds, expected in the current fiscal year that began in April, HSBC said in a statement on Monday.

HSBC and TD Securities were hired to advise on the design of Canada‘s green bond framework, assist in the development of the on-going program and support a successful inaugural issuance, the statement added.

 

(Reporting by Fergal Smith; Editing by Chizu Nomiyama)

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Economy

Canadian first quarter industry capacity use rises to 81.7%

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Canadian industries ran at 81.7% of capacity in the first quarter of 2021, up from a upwardly revised 79.7% in the fourth quarter of 2020, Statistic Canada said on Friday.

The increase in the first quarter was driven by gains in construction and in mining, quarrying, and oil and gas extraction.

Following are the rates in percent:

Q1 2021 Q4 2020 (rev) Q4 2020 (prev)

Cap. utilization 81.7 79.7 79.2

Manufacturing 76.5 76.7 76.2

NOTE: Economists surveyed by Reuters had forecast a first quarter rate of 80.6% capacity utilization.

(Reporting by Steve Scherer, editing by Dale Smith (steve.scherer@tr.com))

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Economy

UK, Canada agreed to redouble efforts for trade deal

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British Prime Minister Boris Johnson and Canadian Prime Minister Justin Trudeau agreed on Friday to redouble their efforts to secure a trade agreement as soon as possible to unlock such a deal’s “huge opportunities”.

“The leaders agreed a comprehensive Free Trade Agreement between the UK and Canada would unlock huge opportunities for both of our countries. They agreed to redouble their efforts to secure an FTA (free trade agreement) as soon as possible,” Downing Street spokesperson said in a statement.

“They discussed a number of foreign policy issues including China and Iran.”

 

(Reporting by Guy Faulconbridge, writing by Elizabeth Piper)

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