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Poll: Voters Give Biden High Marks On Economy And Covid — But Not Immigration – Forbes

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Topline

Over 60% of U.S. adults support President Joe Biden’s handling of the economy and the coronavirus, according to a CBS News/YouGov poll released Sunday that indicates a growing optimism about the direction of the country — but the president’s immigration strategy remains far more polarizing.

Key Facts

Some 62% of Americans told YouGov they generally approve of Biden’s job as president (Biden’s approval rating has hovered around 52% in other recent polls compiled by FiveThirtyEight, so YouGov’s result is somewhat unusual).

In particular, 67% of American adults said Biden is doing a good job handling the coronavirus outbreak, 69% had a favorable opinion of Biden’s Covid-19 vaccine distribution efforts, and 60% approve of the president’s handling of the economy.

Responses varied widely by party: Biden’s approval sits at just 22% among Republicans, and 35% think Biden is handling the virus well and 21% are happy with his economic handling, whereas more than nine in 10 Democrats support Biden on all three counts.

Biden’s immigration moves have drawn more mixed reactions, with just 52% of Americans (including 81% of Democrats and 16% of Republicans) favoring the way he’s dealt with immigration so far.

YouGov surveyed almost 2,400 U.S. adults between Wednesday and Saturday.

Surprising Fact

Most Americans told YouGov the country is moving in the right direction on both Covid-19 and the economy. A majority of Americans — 63% — said they expect the virus outbreak to get better over the next few months, largely because the country is vaccinating people at a rapid clip, whereas just 10% of people think the outbreak will get worse in the near future. Similarly, nearly six in 10 Americans are optimistic about the direction of the economy.

Key Background

Biden’s first weeks in office have been dominated by a still-severe Covid-19 outbreak, a lingering economic crisis and a surge in border-crossings. The president has promised to speed up vaccine distribution by opening more clinics and buying more doses, and new Covid-19 infections have fallen since the end of former President Donald Trump’s term, two trends that could bolster Biden’s approval on the coronavirus front. Plus, Biden signed a broadly popular economic relief package Thursday, his most significant move on the economy. However, immigration has posed a test to his administration. The number of migrants apprehended on the U.S.-Mexico border jumped almost 30% in February, and officials are struggling to house a steeply increasing number of unaccompanied minors, problems Republicans have blamed on Biden’s attempts to dismantle Trump’s hardline immigration policies.

Tangent

Some 22% of Americans told YouGov they do not plan on getting a coronavirus vaccine, a three-point drop from another poll conducted two weeks earlier. This hesitancy is most striking among Republicans: 35% of the party doesn’t plan on getting vaccinated, largely because they think the vaccines (which studies have almost universally found to be safe) are untested, they’re worried about side -effects, or they generally distrust the government. 

Crucial Quote

“[Trump] has such incredible influence over people in the Republican Party,” Dr. Anthony Fauci said in a Fox News Sunday interview this week, urging Trump to promote vaccinations to his followers. “It would really be a game changer if he did.”

Further Reading

Americans see better days ahead in pandemic and economy (CBS)

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Economy

Britain is ‘bouncing back’ into the same old economy – The Guardian

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Britain is ‘bouncing back’ into the same old economy  The Guardian



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Economy

CANADA STOCKS – TSX ends flat at 19,228.03

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* The Toronto Stock Exchange’s TSX falls 0.00 percent to 19,228.03

* Leading the index were Corus Entertainment Inc <CJRb.TO​>, up 7.0%, Methanex Corp​, up 6.4%, and Canaccord Genuity Group Inc​, higher by 5.5%.

* Lagging shares were Denison Mines Corp​​, down 7.0%, Trillium Therapeutics Inc​, down 7.0%, and Nexgen Energy Ltd​, lower by 5.7%.

* On the TSX 93 issues rose and 128 fell as a 0.7-to-1 ratio favored decliners. There were 26 new highs and no new lows, with total volume of 183.7 million shares.

* The most heavily traded shares by volume were Toronto-dominion Bank, Nutrien Ltd and Organigram Holdings Inc.

* The TSX’s energy group fell 1.61 points, or 1.4%, while the financials sector climbed 0.67 points, or 0.2%.

* West Texas Intermediate crude futures fell 0.44%, or $0.26, to $59.34 a barrel. Brent crude  fell 0.24%, or $0.15, to $63.05 [O/R]

* The TSX is up 10.3% for the year.

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Canadian dollar outshines G10 peers, boosted by jobs surge

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Canadian dollar

By Fergal Smith

TORONTO (Reuters) – The Canadian dollar advanced against its broadly stronger U.S. counterpart on Friday as data showing the economy added far more jobs than expected in March offset lower oil prices, with the loonie also gaining for the week.

Canada added 303,100 jobs in March, triple analyst expectations, driven by the recovery across sectors hit by shutdowns in December and January to curb the new coronavirus.

“The Canadian economy keeps beating expectations,” said Michael Goshko, corporate risk manager at Western Union Business Solutions. “It seems like the economy is adapting to these closures and restrictions.”

Stronger-than-expected economic growth could pull forward the timing of the first interest rate hike by the Bank of Canada, Goshko said.

The central bank has signaled that its benchmark rate will stay at a record low of 0.25% until 2023. It is due to update its economic forecasts on April 21, when some analysts expect it to cut bond purchases.

The Canadian dollar was trading 0.3% higher at 1.2530 to the greenback, or 79.81 U.S. cents, the biggest gain among G10 currencies. For the week, it was also up 0.3%.

Still, speculators have cut their bullish bets on the Canadian dollar to the lowest since December, data from the U.S. Commodity Futures Trading Commission showed. As of April 6, net long positions had fallen to 2,690 contracts from 6,518 in the prior week.

The price of oil, one of Canada‘s major exports, was pressured by rising supplies from major producers. U.S. crude prices settled 0.5% lower at $59.32 a barrel, while the U.S. dollar gained ground against a basket of major currencies, supported by higher U.S. Treasury yields.

Canadian government bond yields also climbed and the curve steepened, with the 10-year up 4.1 basis points at 1.502%.

 

(Reporting by Fergal Smith; Editing by Andrea Ricci)

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