HAT Market Analysis for 6/1/21 with Arlan Suderman of StoneX

first_img SHARE Facebook Twitter By Andy Eubank – Jun 1, 2021 Previous articlePhoto Contest Captures Beauty of Indiana’s Rural LandscapeNext articleTax Concerns Lead to Drop In Farmer Economic Sentiment Andy Eubank Home Indiana Agriculture News HAT Market Analysis for 6/1/21 with Arlan Suderman of StoneX SHARE Audio Playerhttps://hoosieragtoday.com/wp-content/uploads/2021/06/Arlan-Suderman-markets.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.The month of June opened in rally mode for the corn, soybean and wheat markets. Then there was news of a cyberattack on JBS. Arlan Suderman discusses it all. Click to listen. Facebook Twitter HAT Market Analysis for 6/1/21 with Arlan Suderman of StoneXlast_img read more

Kimberley Newell blazes own trail as goalie for the B.C. Major Midget Kootenay Ice

first_imgBy Bruce FuhrThe Nelson Daily SportsUsually by the end of a B.C. Major Midget Hockey League game Kootenay Ice goalies have seen more rubber than Goodyear Tire.Which may be a bit of a nightmare to some aspiring netminders looking to parlay a successful midget campaign into a shot at tier two junior A.Not so for Kimberley Newell.Like a heat-seeking missile, Newell sought out the Ice goal crease as the best place to improve her skills.The idea is the boy’s game is  much more or a higher tempo and competitive which should easily for the rigours of college hockey next fall at Princeton.”I wanted to play in the B.C. Major Midget League and, after my mom moved to Nelson to work with B.C. Hydro, I thought the Ice would be the best place for me to play,” the beaming 5’8″ Newell said before taking the ice at the NDCC Arena against the Okanagan Rockets.Newell experienced ups and downs against the Rockets, winning the opener 5-4 before being shelled 7-0 in the game two.”Kootenay isn’t one of the stronger teams in the league so I thought I’d get lots of shots and have a better chance to develop my skills,” Newell added.Of course this is a male league and Newell, for those keeping score at home, is a female goalie.This may pose a bit of a problem for some coaches.However, Kootenay skipper Mario DiBella saw skill and not gender when making his final decision on goaltenders for the BCMMHL squad.”The competition was stiff but Kimberley came to camp and earned her position,” said DiBella, who had the luxury of seeing Newell in action when the Vancouver native played with is daughter Beth during the spring.”As much as this is a male midget league I certainly couldn’t be in a position where I held gender against her when she had the skill set to emerge as one of the two goaltenders on this team.”Newell was born in Vancouver and lived most of the past 16 years on the Lower Mainland. Putting on the pads is something Newell aspired to do at a young age.After spending the first few years of minor hockey as a regular skater, parents Jen and Nick were finally convinced to allow Newell to try goal.”Ever since I was young I’ve been fascinated with goalies,” Newell confessed. “I don’t remember this but my mom told me I’d go to rinks and watch the goalie sessions and goalie instructors and just loved that.”Newell has not looked out of place on the Ice, starting three of the four games this season, including the first win of the season for Kootenay against Okanagan.Normally goalies split the assignments but Kootenay’s other goalie Brett Soles of Cranbrook was sick with the flu forcing DiBella to give Newell consecutive starts against the Rockets.”I’m starting to fit in with the with guys,” Newell said. “These guys are good after a few practices when they saw what I could do they accepted me and I feel part of the team now.”But the other team? Now that’s a different story.Newell has taken her share of ribbing from the opposition players. Much like the criticism Mano Rheuame experienced — Rheuame is the first and only female to play in an National Hockey League exhibition game against the St. Louis Blues in 1992 — when the Quebec-born netminder played for the Tampa Bay Lightning.”Some of the players on the other teams do try to intimidate me like “hey, it’s a girl in net” and “we’re going to light you up”.But Newell knows “trash talking” is part of the game, which “will happen wherever I go so it really doesn’t bother me,” she said.It does, irk DiBella somewhat.”We actually experience that during the exhibition season,” said DiBella, a goalie when he played hockey. “She’s very strong mentally and able to block it out. I think it take more of a toll on her coach than it does on her.”Newell stock in goal has shot up faster than shares in gold mines.So much, the Newell returned from a tour of U.S. colleges eager for her signature on the recruiting document.And the winner is?Princeton.”I visited Cornell, Yale and Princeton because I’m looking at attending an Ivy League school and when I got back I decided to commit to Princeton,” explained Newell, currently attending LVR in Nelson and expecting to graduate from high school in June. “It’s very exciting because the campus is just beautiful and it looks like (Princeton) will have a strong team and it’s obviously a great school so I’m very happy with my decision.”Fans get a chance to see Newell in action as the Kootenay Ice play host to Cariboo Cougars Saturday and Sunday at the Castlegar and District Community Complex.Game time Saturday is 4 p.m. Sunday, puck drop is 9:30 a.m.No doubt fans may want to purchase a program. Because if you don’t know it’s Newell between the pipes, you’d probably think it’s a boy by the way she plays.Ice gain single point against BlazersThe Kootenay Ice gained a single point during a B.C. Major Midget Hockey League road series in Chase against Thompson Blazers.Four players shared in the scoring in a 4-4 tie to open the two-game set.Darren Medeiros of Castlegar, Colton Dashwitz of Nakusp, Quinn Klimchuk of Castlegar and Nelson’s Brandon Sookro scored for Kootenay.Thompson won game two 4-1. Jake Lucchini of Trail scored the lone goal for the Ice.The Ice falls to 1-4-1 on the season and sits last in the 11-team BCMMHL [email protected]last_img read more

Putting children’s rights first

first_imgIssues like children’s access to basic services are tackled on the portal. (Image: Unicef South Africa) MEDIA CONTACTS • Andries Viviers  Senior social policy specialist: Unicef SA  +27 12 354 8201 or +27 79 498 4991 RELATED ARTICLES • Let’s learn and honour Children’s Act • South Africa’s child rights hero • Educated Africans teach SA children • Social development in South Africa • Presidency talks to childrenValencia TalaneOnly in its third month of operation, a Policy Action Network (Pan) portal, dedicated solely to the topic of children’s rights and equity, is receiving keen attention from academics and people working in the field.The establishment of Pan: Children was first discussed two years ago, but efforts by the UN Children’s Fund (Unicef) and the Human Sciences Research Council of South Africa (HRSC) to get it off the ground only started in late 2011. It also enjoys the support of the Programme to Support Pro-Poor Policy Development (PSPPPD), a partnership between the South African government and the EU.Although the Pan platform has been in existence since 2009 – with the Research Use and Impact Assessment Unit of the HSRC as hosts, and funding from the Department of Science and Technology – the conceptualisation of Pan: Children only started a year later.A Unicef South Africa national stakeholders’ meeting held in Pretoria in late 2010 featured the topic of equity and child rights in the country, and delegates set out to find common ground on the causes of inequality.Once the factors that contribute to the poverty and inequality situation were established, the next step, agreed delegates, was to put in place policy action to address those issues. Researchers, policy makers and professionals involved in the field of child law around the world require reliable sources of information on issues informing the socio-economic stature of the country.A few months after the meeting, a roundtable discussion took place in May 2011, where representatives from the Presidency and the Department of Social Development presented under the auspices of the PSPPPD. Again the issue of content relating to child poverty and inequality was highlighted, along with the need for further research into collating information on the topic.“The systematic gathering and storage of data and evidence is crucial for driving an evidence-based national agenda for children,” read the discussion report, “and a platform for sharing data and evidence pertinent to child poverty should be created.”At the end of 2011, Unicef and the HSRC started working on the portal, according to Andries Viviers, senior social policy specialist for Unicef South Africa.“The actual work of building the portal started in June 2012, followed by the launch at the end of August.”Behind the scenesA team of five people is responsible for the content that goes onto the platform. This is made up of four part-time employees, two each from the HRSC and Unicef, while one permanent person keeps it updated on a daily basis.The five have a collective range of qualifications or expertise from economics to child law and social work as well as information technology.Asked if the project encourages students in these disciplines to seek internship opportunities with them, Viviers said that although that is not the case at this stage, there is no saying for sure that things will not be different in the future.“As Pan: Children grows over the next planned phases, there might be possibilities for interns.”More than just an info hubPan: Children has another purpose apart from being a mere information resource. The project’s drivers see it as a way to educate researchers, lawmakers and the global civil society movement on South Africa’s efforts to address inequality.Successes in the legal and socio-economic areas of the country’s development in its 18 years of democracy are shared on the portal. One of the highlights of the 2010 Unicef meeting was the progress made in policies geared towards the emancipation of children.Participants cited successes such as the child grants system, which reaches over 10-million poor children on a monthly basis, as examples. The move to introduce the non-fee school system for pupils from poor families – established to address the problem of low enrolment numbers at foundation phase, especially in the more rural areas – also received attention. A third child-friendly policy, adopted by the government’s health sector, provides for free primary healthcare for pregnant women and children up to the age of six years.Also noted, however, were the challenges that remain in South Africa for the protection of children’s rights and equity, such as poverty, which is caused by a multitude of factors. Another is the continuously high unemployment rate among young people between the ages of 18 and 24.It is under these circumstances that Pan: Children aims to give practical insight into how best to design, implement and evaluate policies that address child poverty and inequities. It will also be helpful for advice on how to best tackle bottlenecks in governing systems.Pan: Children and its usersWith ten different themes to choose from, ranging from child poverty and equality to early childhood development, food and nutrition and the social protection for children, the portal caters for users from a diversity of backgrounds.Each theme hosts documents for reference purposes, varying from policy records to reports from conferences and meetings of both local and international importance.In addition to the content on site, registered users are able to obtain an account, which allows them to add content for editing by the Pan: Children team.This user-generated content can be uploaded under any one of six sections, namely news; debate; events; opportunity; resource and web links.The portal sends out a newsletter every second month – titled From Evidence to Action, it compiles all the key content since the last edition for users.Pan: Children does not, at this point, have social media as part of its offering. Viviers said, however, that the door is not completely closed to expanding the portal in that direction.“Pan: Children’s primary focus is on key evidence-based policy questions in the advancement of child rights and equity in South Africa,” he explained. “The possibilities of social networking are being explored.”Asked whether the addition of this type of element is important to draw a younger audience, Viviers stated that younger internet users – who are primary users of social network sites as well – are not being targeted by the portal.“However, we recognise that children have a right to access information and can play an important role in the policy discourse regarding the fulfilment of their rights,” he said.Thus, he added, this will receive attention as the portal evolves, but also in policy dialogues that will take place as a part of Pan: Children.last_img read more

Non-Programmers Can Create an iPhone Newsreader App With TapLynx

first_imgHave you ever wanted to create an iPhone app, but can’t code your way out of a wet paper bag? Users of NewsGator’s NetNewsWire iPhone news reader will have to wait a little longer for the next version of that application because its creator, Brent Simmons, has been busy working on a new iPhone framework called TapLynx. The goal of TapLynx is to help users generate topic-focused media applications for the iPhone without any programming required. The first application, created by Simmons, has already been built for All Things Digital.Fans of NetNewsWire who have been patiently waiting for an updated version shouldn’t have to wait too much longer. The next generation of the NetNewsWire iPhone app, which promises to have added functionality like the ability to mark news items as unread and send articles to Instapaper, is said to be based on TapLynx. According to NewsGator’s Brent Simmons:“The idea behind TapLynx is that you can take a collection of feeds and some artwork, make choices about colors and gradients and behavior (all in a configuration file you edit), then create an iPhone app. Without doing any programming.But you can do programming if you want to — use TapLynx as the base and add more features. (In fact, that’s what I’m doing with NetNewsWire 2.0 for iPhone — it’s a custom app built on TapLynx.)” Related Posts What it Takes to Build a Highly Secure FinTech … Being able to rapidly develop customizable and unique iPhone apps with no need to learn Cocoa is great news to those of us who are interested in building such apps, but know very little about developing them. We are anxiously awaiting for TapLynx to make its way out of beta, but meanwhile you can sign up for the SDK here and the company will let us know when it becomes available. Be sure to follow @taplynx on Twitter. Why IoT Apps are Eating Device Interfaces Tags:#mobile#Product Reviews#RSS & Feeds#web doug coleman 1 Role of Mobile App Analytics In-App Engagement The Rise and Rise of Mobile Payment Technologylast_img read more

Create Your Own Opening Title Sequence Using PRISM!

first_imgLooking for something special for your latest project? In this video tutorial, we show you how to create an energetic title sequence using Prism.Let’s say you want to make a dynamic opener for your series or documentary. Well, using the Prism pack from RocketStock, you can blast through this process and make a really killer opener! Let me show you how. Build a Project FileThe first step is to build a project file of images and videos you think best represents your brand. Each clip should be no longer than 1.5 seconds. Once you’ve assembled a mini-montage of your opening credit sequence, it’s time to apply the prism effects. Import the video assets, and choose which style you like the most — there are plenty to choose from.Drag and Drop PrismDrag and drop your Prism asset over the video layer you want to animate. Next, find the video layer you want to transition into and apply it under your first shot. This will sandwich your transitioning shot in between your Prism asset and your second clip. Repeat this trick at least three times using a different Prism asset for each transition.Create Unique TransitionsYou can also create a unique transition using one of the Prism assets and applying a tint over the footage. Now put this effect into screen mode, and layer it over your sequence. BOOM!And finally, here are a few other ways you can spice up your title sequence using these FREE effects from RocketStock.Looking for more video tutorials? Check these out.How To Create An Explosion Scene + Free Action Compositing ElementsVideo Tutorial: Create a DIY Wireless China Ball LightMinimize Your Lighting Setups For Narrative ShootsCreate An Animated Website Presentation Using After EffectsESCAPE ROOM (Short Film) — How To Composite Your Own Stuntslast_img read more

A List of Intangibles

first_imgWe tend to think of sales being won and lost on things that are tangible, the things you can see and count and measure. Certainly, the tangible things are important, but the intangibles are even so.Likability and Rapport: If you have a choice of doing business with someone who is likable and with whom you have rapport, all other things being equal, you choose the person you want to work with, especially if it is over a longer term. Rapport matters because relationships matter.Attitude: A good, positive, optimistic, empowered attitude is an intangible that provides a competitive advantage. Who you are matters more than what you do, and your attitude is a big part of that equation.Business Acumen: This intangible will make or break you if you sell B2B. You either know things that can help your prospective client produce better results, or you do not. You either have the advice that makes you a trusted advisor, or you lack it. The weight given this intangible is great now, and you can expect it to grow in importance.Caring: This is the “trust” part of “trusted advisor.” Are you other-oriented? Do you care about me, my outcomes, my company, my customers? If you are self-oriented, your motives prove that my results are secondary to yours. This intangible is one that most of us don’t think enough about, nor do we make sure that our clients can feel it.Presence: In an age where everyone lives behind a screen, a physical presence is going to create an advantage. I know, you are thinking that showing up is tangible, and you’re mostly right. But it doesn’t show up on any purchasing agent’s spreadsheet, and the result it produces isn’t easily measured, even when the impact is felt.Your Process: Knowing how to help your client move from their current state to the better future state they are capable of is an intangible. The sales process is perceived as being linear, but that isn’t a very accurate depiction of how we help people change. Your process can differentiate you in ways that are hard to measure, but that massively tilt things in your favor.Ability to Lead: The ability to help other people take action, people on your team, and people on your client’s team, is an intangible. It creates a preference for you and your company.Resourcefulness: If there is one thing that we do in sales, it is help solve problems. A lot of the time, we are solving problems that others have been unable to address. This makes your creativity and imagination an intangible that provides an immeasurable difference in a decision as to who to buy from.Initiative: The idea that you should take action without needing to be nudged to do so is something that will make you look very different to your clients and prospective clients. It shows that you are thinking about acting on their needs as if you are part of their team—and you are.Thoughtfulness: Little things are the big things. Cards. Notes. Following up. Asking to help outside of where it might be expected. Want to create an impenetrable preference? Start here.Intelligence: Being smart is an intangible. Knowing things is beneficial, even when those things seem to be outside of business acumen.A sense of humor: Having a good sense of humor, especially humor of the self-deprecating kind, can help you create greater engagement, and it can help you handle difficult situations with a sense of levity. This can sometimes make you the most valuable person in the room.I know sales is supposed to be science, but it isn’t. Much of what matters is invisible, is felt and not easily seen or easily subjected to measurement. Essential Reading! Get my first book: The Only Sale Guide You’ll Ever Need “The USA Today bestseller by the star sales speaker and author of The Sales Blog that reveals how all salespeople can attain huge sales success through strategies backed by extensive research and experience.” Buy Nowlast_img read more

Adamson clips UST for first win

first_imgPhoto by Tristan Tamayo/INQUIRER.netAdamson University snatched its first win in the UAAP Season 80 men’s basketball tournament after tripping University of Santo Tomas, 88-81, Saturday at Smart Araneta Coliseum.The Falcons improved to 1-1 while the Growling Tigers are still winless after two games.ADVERTISEMENT Brace for potentially devastating typhoon approaching PH – NDRRMC Fire hits houses in Mandaluyong City Chief Justice Peralta on upcoming UAAP game: UP has no match against UST PLAY LIST 01:00Chief Justice Peralta on upcoming UAAP game: UP has no match against UST02:13UAAP Season 80 preview: UST Growling Tigers00:50Trending Articles01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games UST quietly went on a 14-4 run in the final five minutes of the game to cut Adamson’s 81-66 lead to five, 85-80, but time wasn’t on the Growling Tigers’ side as the Falcons held on until the final buzzer. Adamson also forced UST to turn the ball over 41 times, the most since Far Eastern University had 44 errors in 2003, and Falcons head coach Franz Pumaren said his team’s defense made it all happen. FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutout“I have to give credit to our players, the 41 turnovers is a testament to the defense our players put on,” said Pumaren.“Although we’re still struggling and we made a lot of mistakes down the stretch so I have to give credit to UST for playing hard.” Nonong Araneta re-elected as PFF president Don’t miss out on the latest news and information. WATCH: Streetboys show off slick dance moves in Vhong Navarro’s wedding Ateneo bounces back, brushes off Lyceum for 2nd win Robbie Manalang led Adamson with 19 points and five assists while Kurt Lojera added 16.Papi Sarr returned to action after recovering from a groin injury and put up 10 points and grabbed four boards in limited minutes. Jeepy Faundo led put up 21 points and pulled down 12 rebounds to lead UST while Steve Akomo also finished with his own double-double of 10 points and 15 rebounds.ADVERTISEMENT Frontrow holds fun run to raise funds for young cancer patients  LATEST STORIES Read Next LOOK: Loisa Andalio, Ronnie Alonte unwind in Amanpulo for 3rd anniversary BSP sees higher prices in November, but expects stronger peso, low rice costs to put up fight E.T. returns to earth, reunites with grown-up Elliott in new ad  MOST READ For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. View commentslast_img read more

Canada headed for conflict unless political class commits to renewed relationship with

first_imgJorge Barrera APTN National NewsCanada is headed for conflicts of Oka-like intensity unless its political leaders commit to renewing the country’s relationship with Indigenous peoples, says the chair of the Truth and Reconciliation Commission.The country is in the midst of a federal election triggered a little over two months after the Truth and Reconciliation Commission (TRC) released its historical report on Indian residential schools. The report caused a nation-wide reaction and calls from all corners on the need to fix the long neglected relationship with the Indigenous population that finds itself within Canada’s borders.Mid-way through the current federal campaign, the TRC report and its recommendations have nearly been forgotten in the ongoing discourse about the main challenges facing the country. The issue has not even merited a specific question in any of the four federal election debates held to date.“Right now there is a bit of complacency among the political leadership in this country that they feel that pressure is not there anymore, the need for attention is not there anymore and I think people need to be careful because there is growing awareness of rights among young Aboriginal people and that has been fed by court decisions recently which have recognized the rights of Aboriginal communities,” said TRC Chair Murray Sinclair. “The result is we don’t have a lot of leeway when it comes to ignoring the plight of Aboriginal people and change is going to have to be part of the discussion going forward.”The TRC was created as part of the multi-billion dollar settlement agreement between Indian residential school survivors, Ottawa and the churches that operated the schools for over a century.Thousands of children died at the school and many are still buried in unmarked graves that have been lost to memory.The TRC issued a list of 94 recommendations in its report released this past June. The recommendations were meant as a road-map for Canada to finally fix the relationship. The Conservatives party has essentially rejected the recommendations, while the NDP and Liberal parties have accepted them all. Neither party, however, has yet presented a plan on how it would implement the recommendations.Sinclair said the continued avoidance by the political class to take the issue head-on and the simmering tensions over resource projects is creating an environment that could produce serious confrontations.“With the current climate of discussions around oil extraction and resource development and the desire by some within industry and some within government to ignore Aboriginal rights and allow those kinds of activities to take place without respecting those rights is certainly going to result in there being a reaction from the Aboriginal community, particularly among young Indigenous people,” said Sinclair. “Environmental issues are at the forefront of a lot of thinking in Canada and Aboriginal people have been part of the debate. I am concerned that if we fail to see the importance of changing the relationship between Aboriginal and non-Aboriginal people in this country, and in particular Aboriginal people and the governments of this country, that we will be setting ourselves up for there to be more and more confrontations.”Those conflicts could resemble what Canada witnessed in 1990 with the Mohawk resistance in Kanesatake, Quebec known as the Oka crisis, he said.“My concern is that if we don’t come to terms with this relationship question, we are going to have another Oka,” said Sinclair.Politicians from all partisan stripes, and the general Canadian population, realized immediately after the Oka crisis that something had to change in the relationship between Canada and the original inhabitants of this land, he said.“After Oka, every political entity, every political party took serious steps to acknowledge and make the issue of the relationship with Indigenous people the focus of their endeavours,” said Sinclair. “With the elections that occurred in the 1990s it got lost in the scheme of things…the result is it fell off the political radar and now it needs to get back on it.”Sinclair there is a deeper issue at play that allows an almost immediate amnesia to set in the moment the smoke clears from the latest crisis.“People get their sense of what is newsworthy and what’s important from the media and it is because of the way they are fed information from the media that there are peaks and valleys in reactions and commentary. It is the lack of education about the way Canada has evolved as a nation that has really contributed to or created that problem,” said Sinclair. “It is because there has never been implanted into the Canadian memory bank any knowledge of the true relationship relating to Aboriginal people in this part of the world….When people know what the full history is they will not react with a loss of memory because it will be so deeply embedded of who they are as Canadians that they will feel that this is about them too.”[email protected]last_img read more

Royal LePage report says pace of rising home prices slowed in second

first_imgTORONTO – The pace of rising home prices slowed in Canada in the second quarter due to softness in the Greater Toronto Area market, according to a report by Royal LePage.Royal LePage chief executive Phil Soper said Tuesday new federal mortgage stress-test measures helped slow the real estate market.“It was a spring market that never blossomed,” Soper said in a statement.“The new federal mortgage stress-test measures slowed the market to a standstill in much of the country, as some families adjusted their expectations in a world with lower borrowing capacity, and others not impacted by the OSFI regulations moved to the sidelines, adopting a ‘wait and see what happens to home prices’ approach.”However, in its outlook, Royal LePage said it expected the aggregate price of a home in Canada in the third quarter to be up 2.2 per compared with a year ago.“The market has begun to absorb and adjust to the new realities; we expect an uptick in sales volumes and prices during the second half of 2018,” Soper said.The Royal LePage national house price composite showed the price of a home in Canada increased 2.0 per cent year-over-year to $613,968 in the second quarter of 2018.That compared with a 6.2 per cent year-over-year increase in the first quarter of the year.The real estate brokerage firm said the slowdown in the rise in prices came as some regions in the Greater Toronto Area saw prices fall compared with a year ago.The national median price in the second quarter of a two-storey home rose 0.8 per cent year-over-year to $720,504, while the median price of a bungalow climbed 1.8 per cent to $512,979. The price of condominiums rose 8.1 per cent year-over-year to $435,421.In a separate report, Sotheby’s International Realty Canada said the market for homes over $1 million in Montreal in the first half of the year hit a record as it gained 24 per cent compared with a year ago.In Toronto, Sotheby’s said sales of homes over $1 million were down 46 per cent compared with a year ago, however the firm noted that 2018 sales volume trended in line with 2015’s pre-surge levels.Home sales over $1 million in Vancouver fell 19 per cent compared with a year ago, while Calgary saw a drop of 11 per cent.last_img read more

JetBlue says Airbus joint venture with Bombardier secondary reason to order A220

first_imgMONTREAL – Shares of Bombardier Inc. hit a nearly seven-year high Wednesday after the C Series jet it developed secured the largest order since the announcement of a joint venture with Airbus.JetBlue Airways Corp. ordered 60 of the aircraft, renamed by Airbus as the A220-300, for delivery starting in 2020 with the option for another 60 starting in 2025.The firm deal announced late Tuesday was valued at US$5.4 billion at list prices, but airlines typically receive large discounts.The airline said the plane’s economics was the primary motivation rather than Airbus taking majority control over the aircraft’s joint venture which happened after JetBlue launched its 15-month review.“The marriage between Bombardier and Airbus was a secondary factor,” chief financial officer Stephen Priest said in a conference call.“But the good news about that when it came to fruition was it allowed us to reshape our Airbus orderbook to make sure that we continue to maintain our mid- to high single-digit capacity growth over the foreseeable future.”Bombardier shares climbed to $5.58 in early trading on the Toronto Stock Exchange, a price last reached in August 2011. They closed up three cents at $5.43 in the afternoon session.Five A220 planes are scheduled to be delivered in the first year, ramping up to a high of 22 in 2024.JetBlue will become the first American airline to fly the larger A220-300 with 130 to 140 seats. Delta Air Lines Inc. ordered 75 A220-100s in the spring of 2016.The U.S. low-cost airline said it could switch some of its order to the smaller, 120-seat A220-100 plane.JetBlue said the decision to order the aircraft was driven by three strategic factors: profitability from the plane’s low operating costs, flexibility to use both aircraft models and its range.Priest said the A220 opens up the possibility of transcontinental flights and more options for overnight Caribbean flights.“This is a game-changer for JetBlue. It’s a real margin builder for our business…and so we’re very, very confident with the orders,” Priest said.The A220s will replace 60 Embraer E190 planes. JetBlue said it needs smaller planes, but the Embraer aircraft would require costly upgrades over the next decade.The airline also considered the new Embraer 195 E-2 planes. Priest said the competition was very tight, but the aircraft selected aligns with the other Airbus planes in its fleet.Analyst Benoit Poirier of Desjardins Capital Markets said JetBlue’s order confirms the strength of the Airbus–Bombardier partnership.He said more A220 orders could be announced at the upcoming Farnborough Airshow.Bombardier has said interest in the plane has surged since the announcement of the partnership.Airbus recently said it could book more than 100 A220 orders by the end of the year and slightly more than 3,000 sales over the next 20 years.Companies in this story: (TSX:BBD.B)last_img read more