GBP News 

British and Canadian governments accidentally exposed passwords to the Internet

“In both the April and new security research, the sensitive data on Trello was tracked down starting with a simple Google query” reports theintercept.com. on Trello, a popular project management website, the governments of the United Kingdom and Canada exposed to the entire internet details of software bugs and security plans, as well as passwords for servers, official internet domains, conference calls, and an event-planning system. Source: theintercept.com Share This:

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Don’t worry, America: Canada’s corporate tax cuts did not deepen its deficit

“As President Trump mulls a second round of corporate tax cuts, this time targeting capital gains, his initial reduction of the corporate tax rate from 35 percent to 21 percent remains controversial in many quarters” writes Istock Photo for washingtonexaminer.com. In 2000, Jean Chretien’s Liberal government in Ottawa began lowering the Canadian federal corporate tax rate from its long-time plateau of 28 percent.The corporate tax reform that took place in Canada was largely a success, helping to grow the economy.The way this works is that corporate tax cuts attract more…

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USD/CAD Forecast Aug. 13-17 – C$ succumbs to global forces, NAFTA balances the picture

“The risk-off atmosphere already built up by souring US-China relations, pushed the dollar and yen higher across the board” writes Yohay’s Google Profile for forexcrunch.com. The Canadian dollar, a risk currency, suffered.The advance of NAFTA talks is good news for the Canadian dollar and nothing is likely to change on that front in the upcoming week. Source: forexcrunch.com Share This:

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Canadian dollar gets whacked after Saudi Arabia reportedly starts dumping the country’s assets ‘no matter the cost’

“The Canadian dollar was down by 0.2% against the US dollar to 1.3096 at 8:59 a.m” writes Finanzen Net Gmbh for businessinsider.com. The Canadian dollar fell on Wednesday after the Financial Times reported that Saudi Arabian officials instructed the kingdom’s asset managers to dump their holdings of the country’s assets. Source: businessinsider.com Share This:

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Riyadh to transfer all Saudi patients in Canada out of the country

“Saudi Arabia froze new trade and investment with Canada and expelled the Canadian ambassador early on Monday, in a stern gesture of retaliation after Ottawa urged it to free arrested civil society activists” writes Bandar Algaloud for cnbc.com. The Saudi government also banned new trade with Canada, although it was unclear if it would affect existing annual Saudi-Canadian trade of nearly $4 billion and a $13 billion defense contract. Source: cnbc.com Share This:

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USA, Mexico meet to talk NAFTA; Canada left out…

“American optimism about a new NAFTA deal has also been heating up” writes Andy Blatchford for globalnews.ca. U.S. trade czar Robert Lighthizer and Mexican Economy Secretary Ildefonso Guajardo will meet again this week in Washington to discuss NAFTA, according to media reports.They said Canada is confident NAFTA will remain a trilateral deal, even though U.S. Donald Trump has threatened in the past to ditch it for one-on-one trade agreements.So far, however, Canadian negotiators have yet to participate in the summertime, high-level push towards an update to the three-country deal. Source: globalnews.ca…

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Crypto News 

The biggest crypto firm on Wall Street just took a $134 million loss on bitcoin’s plunge  

“In its first-ever financial disclosure released this week, the New York-based firm reported a net loss of $103.3 million on trading, with $13.5 million on digital assets and another $85.5 million of unrealized losses on those assets” writes Kate Rooney for cnbc.com. Crypto merchant bank Galaxy Digital took a $134 million hit in the first quarter as bitcoin lost half its value and other cryptocurrencies struggled to break out of a bear market.Novogratz contributed $302 million of his own assets to the company, according to the documents.The company had $281.7…

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Canadian Open preview: Dustin Johnson, Tommy Fleetwood headline field

“Tommy Fleetwood finished t-12 at the Open last week, and has been one of the world’s fastest-rising players since the start of last year” writes Sporting News for sportingnews.com. Dustin Johnson disappointed with a missed cut last week at the Open Championship, but the world’s top-ranked golfer had a win and a third-place finish in his two previous starts. Source: sportingnews.com Share This:

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