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Rishi Sunak warned UK economy needs £164bn stimulus boost – Yahoo Canada Sports

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The Canadian Press

Watson, Watt lead Houston to 27-20 win over New England

HOUSTON — Deshaun Watson dragged two defenders into the end zone for a touchdown early on Sunday and J.J. Watt swatted down pass after pass from Cam Newton.Houston’s two biggest stars both showed up huge to help the Texans beat the New England Patriots 27-20 for their first win of the season against a team other than division-rival Jacksonville.Watson threw for 344 yards and two scores, but the highlight of the game came on a play he made with his feet.New England led 10-7 after a field goal in the second quarter when Watson scrambled 4 yards for a touchdown, dragging a linebacker and defensive back into the end zone with him to give the Texans a lead they wouldn’t relinquish.“I was just trying to make something happen,” Watson said. “It just gave the offence energy and the whole team energy when they saw that and it continued through the rest of the game.”Tight end Jordan Akins was wowed by Watson winning the matchup against two bigger defenders.“That was a big-boy play … that was amazing,” Akins said. “D4, he’s stronger than what he looks. I’ll tell you that.”Watson’s two touchdown passes and scoring run all came in the first half as the Texans (3-7) built a 21-10 halftime lead.Watson and Houston’s offence slowed down after that to allow the Patriots (4-6) to get back into it. But a 46-yard field goal extended the lead to 27-20 with about 3 1/2 minutes to go.Houston’s beleaguered defence sealed the victory with a stop after that. Watt swatted down Newton’s pass on third down and heavy pressure from Justin Reid forced him to throw the ball away on fourth down to give the Texans the ball back.Reid also had his first career sack on Sunday and finished with three tackles for losses and two quarterback hits.Early in his career, Watt earned the nickname “J.J. Swatt” for his uncanny ability to knock down passes at the line. Texans fans hadn’t seen much of J.J. Swatt in recent years, but he was back in full force on Sunday when he defended a career-high four passes.“He’s J.J. Watt, what do you expect … he’s an All-Pro, perennial All-Pro,” Newton said. “He’s a Defensive Player of the Year, one of the best players in this generation.”Added Houston interim coach Romeo Crennel: “When J.J.’s on they know he’s coming and he gets the quarterback off the spot and makes it tough for the quarterback to get his feet set and throw the ball down the field.”It is the first time since 2009 that the Patriots will have at least six losses in a regular season.“It was a disappointing outcome for us today,” New England coach Bill Belichick said. “We had some opportunities throughout the course of the game and just couldn’t do enough with them.”The Texans’ win gave Crennel a rare victory by a former Belichick assistant against his former boss.The Texans’ NFL-worst run defence held the Patriots to 86 yards rushing after they entered the game averaging 161.1 yards a game.“We all know that we’ve had our struggles against the run this year so far… (so) for us to hold them to 86 yards is a huge accomplishment for us,” Watt said.It was the first game in Houston with the roof open since Nov. 30, 2014, on a nice day where the temperature was 78 at kickoff. The crowd was limited to 12,503 because of coronavirus restrictions.Newton threw for 365 yards and a touchdown, but was limited to a season-low 6 yards rushing.New England got within 21-17 with about eight minutes left in the third quarter when Newton threw a 42-yard touchdown pass to Damiere Byrd, who finished with a career-high six catches for 132 yards.Houston settled for a 36-yard field goal later in the third after Watson’s pass on third-and-3 was too high for Keke Coutee.A 36-yard field goal by Nick Folk cut the lead to 24-20 with about 7 1/2 minutes left.The Patriots led early after a 9-yard touchdown run by Damien Harris on their first possession.Houston tied it when Watson connected with Randall Cobb on a 3-yard score later in the first. Brandin Cooks had a 44-yard reception earlier in that drive to set up the score.The Texans made it 21-10 when Watson threw a 6-yard touchdown pass to Coutee just before halftime.INJURIESNew England: RB Rex Burkhead sustained a knee injury early in the third quarter and had to be helped off the field. He was later taken to the locker room on a cart.Houston: Cobb injured a foot on the touchdown and didn’t return. … WR Kenny Stills injured a leg in the first half and didn’t return.WHAT A HALFHouston had a season-high 274 yards in the first half. All but three of those yards came from Watson as he threw for 241 yards and added 30 yards rushing.UP NEXTPatriots: Host the Cardinals next Sunday.Texans: Visit the Lions on Thursday.___More AP NFL: https://apnews.com/NFL and https://twitter.com/AP_NFLKristie Rieken, The Associated Press

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Local entrepreneurs pitch their ideas for circular food economy – GuelphToday

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Local entrepreneurs got the chance to pitch their ideas to create a circular food economy earlier this week

The second cohort of graduates from the R-Purpose MICRO program presented their ideas for a more circular economy to a panel of judges for constructive criticism.

The virtual Demo Day event allowed companies to present business pitches and make connections with leaders from various industries.

The program is aimed at micro-companies who have fewer than five employees and is part of Guelph-Wellington’s Our Food Future initiative.

“This initiative is to create Canada’s first circular food economy by 2025,” said Cher Mereweather, president and CEO of the Provision Coalition. “The circular food economy is inspired by the planets natural cycle, it re-imagines and regenerates the systems that feed us, it eliminates waste, it shares in economic prosperity and it nourishes our community.

Each company has an individual idea to create a more circular food economy, from home hydroponic kits to soy-based cream liqueur.

The judges came from various backgrounds:

– Barb Swartzentruber, Executive Director for the City of Guelph Smart Cities office

– Sheri Evans, local development manager for Sobeys

– Marcia Woods, CEO and co-founder for Freshspoke

– Evan Clark, vice-chair of the Golden Triangle Angel Network

“What’s amazing is the one thing we all share,” said Clark. “We’re all optimistic about a world that can be a little bit better and a little bit more environmentally friendly. We’re all here to combat a variety of things related to climate change and how we connect with each other. ”

Out of 13 presentations, the judges picked 5th bean, a soy-based cream liqueur company, and A Friendlier Company, a company that is creating reusable takeout packaging, as the runners up.

However, a unanimous vote crowned Well Baked Box as the winner. The company works on creating sustainably-sourced boxed baking and snack kits that are delivered. The kits are all free of gluten, dairy and refined sugar.

“I think being very niche in baking is a very smart play,” said Woods. “Being able to provide that for folks who have specific dietary requirements is very cool.”

Husband and wife duo Stewart Russell and Courtney Clayson-Russell were inspired by their passions for helping others make healthier choices. Russel said when they created the company, they wanted to make a commitment to running a sustainable and environmentally conscious business.

Russell said the taking the R-Purpose MICRO course shaped the direction Well Baked Box is going to be taking.

“This has been crazy, what we thought we were doing at the being of R-Purpose MICRO and what we’re doing now and planning to do is completely different,” said Russell. “It was very special for us to be part of the course.”

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U.S. economy gains just 245,000 jobs in final report of 2020 as recovery stalls with Covid surging – NBC News

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The U.S. economy added 245,000 jobs in November, as the unemployment rate fell to 6.7 percent, according to data released Friday by the Bureau of Labor Statistics. Economists had predicted the economy would gain around 440,000 jobs.

Amid a fresh surge in coronavirus cases and a new round of shutdowns, Friday’s figure represents the fifth straight month of decelerating job gains. It is by far the lowest monthly total since the economy started its halting recovery.

Dec. 4, 202005:30

“Today’s report is both a wakeup call and a warning,” said Nick Bunker, Indeed economic research director. “Coronavirus cases are surging throughout the country and several federal relief programs are set to expire this month. Progress in the labor market has slowed at the worst possible time. We might be optimistic about the spring, but the winter could bring another round of economic pain.”

BLS unemployment data is collected on or around the 12th of the month, but more recent metrics underscore how vulnerable the economy is to a “super-surge” of coronavirus infections around the holidays that could send people back into their homes and shutter businesses.

“This surge in cases has the potential to significantly slow down overall economic activity and therefore employers’ desire to hire,” said Nick Bunker, director of economic research at Indeed.com. “The pullback from those households could slow consumption and therefore overall economic growth,” he said — a major risk given that consumer spending fuels some two-thirds of economic activity.

The BLS data came two days after a lackluster report on jobs growth by payroll processor ADP in conjunction with Moody’s Analytics, which found that employers added 307,000 private sector jobs last month, in contrast to the 475,000 expected among economists surveyed by Dow Jones.

“ADP’s employment report was somewhat disappointing,” said Julia Pollak, labor economist at ZipRecruiter.com. “Ideally, we’d be adding 2 million a month and really climbing out of this recession.”

Two of the past three weekly jobless claims reports showed increases, reversing a months-long trend of improvements — but seeing how many people are losing jobs is only part of the equation, said Dan North, chief economist, North America at Euler Hermes.

“It does not tell the other half, which is the number of people becoming employed. You would expect with the increase in lockdowns, you would see fewer people becoming employed as well.”

Data bears this out: According to Glassdoor.com, job openings fell by 2.5 percent on a month-to-month basis and are still down by more than 10 percent from pre-pandemic levels.

“It is instructive that this decline has been very broad, which points to a repeat of what we saw in the spring, but on a smaller scale,” said Daniel Zhao, senior economist at Glassdoor. “Basically, every major group except for health care has seen job openings fall,” he said.

Since job openings are a forward-looking metric, economists are looking ahead with some trepidation to the December jobs report, which will be released just after the new year.

“Ultimately, the virus is in the driver’s seat. The virus is what determines the trajectory of the recovery,” Zhao said.

The profound distortion in usual hiring patterns that typically take place around the holidays will make forecasting difficult, North said. “There has been much less holiday hiring than the seasonal adjustments would normally account for, so that would hold the December… jobs numbers down as well,” he said.

Although the promise of a vaccine has raised the hopes of investors, public health officials warn that a large-scale rollout sufficient to protect much of the population could still be months away.

“It’s hard to see exactly when the recovery can really start,” Pollak said. “The start of vaccination is not enough. We need people to feel totally safe gathering in large numbers.”

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5 Strongest Growing Provinces and Territories in Canada

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Provinces and Territories in Canada

Canada’s economy (Gross Domestic Product) increased at an annual rate of 1.9 % in 2018.

 

  1. The Yukon Territory takes the top spot for Economic Growth with an increase of 8.0 % in 2016.Government expenditures account for almost half the territorial GDP. Infrastructure investment has helped bolster the territory, and exploration of resource assets continues.

 

  1. Alberta saw the 2nd largest increase with a 6.1 % increase in 2017. Strong oil prices and foreign demand triggered the growth. Activity in the energy sector increased demand for related machinery and equipment, and the influx of workers increased demand for services.

 

  1. British Columbia supplies wood products for the Canadian and US homebuilders. They benefited from the tide of heightened residential construction in the North American market. Investment growth was strong with home building experiencing double digit growth in three of the last four years. British Columbia’s Gross Domestic Product increased at a rate of 2.6 % in 2018.

 

  1. Saskatchewan saw an increase of 3.9 %. Strong foreign demand contributed to higher exports of potash and fertilizer. Saskatchewan’s oil-patch, much smaller than Alberta’s, struggled in terms of volume, but the healthy prices ensured an ongoing profitability and higher corporate profits

 

  1. Ontario growth was down slightly to 2.8 % in 2005. The increase in commodity prices hampered production in Ontario. The export driven economy felt the pinch of a rising Canadian dollar and the impact of higher fuel costs. Demand for the cars and trucks being produced by Ontario remained strong, but overall the province below the national average of 2.9 %

 

Canada as a whole experienced an economic growth of 1.9 % in 2018. In 2002 much of Canada’s growth was due to investment and manufacturing in the Eastern half of Canada. In the years following a shift has become notable, the growth in the economy is shifting west. Due to the increase in energy and commodity prices the oil-patch in Alberta, Saskatchewan’s wheat fields and mines and British Columbia’s forests all profited from increased export demand.

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