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Sadiq Khan tasks advisers to create emerging tech plan for London

first_img Sadiq Khan tasks advisers to create emerging tech plan for London Londoners are expected to be involved in the process, with public consultations to be held on new developments. (Getty Images) Also Read: Sadiq Khan tasks advisers to create emerging tech plan for London A report published today by consultancy Digital Catapult identified the top technologies which London could benefit from, including artificial intelligence, 5G connectivity and robotics. The mayor of London has appointed his chief digital officer Theo Blackwell and the Smart London Board to create an Emerging Technology Charter, which will set out criteria that new technologies must meet before they can be deployed in the capital. Share Khan is seeking a framework that will set expectations around design, security, privacy and ways of working so that innovators can pitch, develop and deploy new solutions in London, the mayor’s office told City A.M. City Hall said it would take advice from similar charters which have been created in other major cities, including San Francisco, Boston and Helsinki. (Getty Images) Also Read: Sadiq Khan tasks advisers to create emerging tech plan for London (Getty Images) whatsapp The move is part of a longstanding roadmap for establishing London as a so-called smart city, embedding new technologies and more advanced data practices within local government. whatsappcenter_img Emily Nicolle by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach RaiderOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo!   JustPerfact USAbonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comBleacherBreaker41 Old Toys That Are Worth More Than Your HouseBleacherBreakerGadgetheory39 Of The Most Beautiful Women In HistoryGadgetheoryPost Fun25 Worst Movies Ever, According To Rotten TomatoesPost Fun “It’s vital Londoners and public bodies understand the full impact of any new technology launched in the capital — and that innovations are designed with the public’s needs firmly in mind.” It will work with Khan and his advisers on the charter, which is expected to set out plans for the city over the next 15 years. The charter will cover criteria such as how the technologies are trialled, how data is collected, used and stored by City Hall, whether they are sufficiently inclusive and accessible and if they meet high cybersecurity standards. Show Comments ▼ Sadiq Khan has tasked his advisers with identifying which emerging technology trends would most benefit London and its residents, as he seeks upgrade the capital’s infrastructure and policies. “Cities need a framework to steer the emergence of new tools and applications which affect our open spaces, transport systems and public services,” said Khan. Thursday 30 July 2020 12:07 am More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comlast_img read more

Furlough: Extra 200,000 workers temporarily laid off in February

first_img HM Revenue and Customs said it has paid a total of £57.7bn in furlough claims to around 11.4m workers since the pandemic began a year ago. Also Read: Furlough: Extra 200,000 workers temporarily laid off in February Also Read: Furlough: Extra 200,000 workers temporarily laid off in February 75.4 per cent of accommodation and food service employees were still temporarily laid off as the sector remains closed during the coronavirus pandemic. Businesses have also been given support over the past month, borrowing an extra £2.2 billion from three Treasury-backed loan schemes. Banks provide the money for the loans, but the Government has promised to cover 80% to 100% of the loans should businesses be unable to pay them back. Separate data published today by the Office for National Statistics showed that 19 per cent of businesses’ workforce were on furlough through the end of February and March. Thursday 25 March 2021 2:06 pm More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years This equates to around 6.1m people on furlough, with 80 per cent of their wages being covered by the government.  Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBrake For ItSay Goodbye: These Cars Will Be Discontinued In 2021Brake For ItUndoMoneyWise.comMechanics Say You Should Avoid These Cars In 2021  MoneyWise.comUndoMoney PopThe Most Overpriced Vehicles On the Market Right NowMoney PopUndoLivestlyPlugs Have These Two Holes At The End, Here’s WhyLivestlyUndoNational Injury BureauJury Finds Roundup Responsible For Lymphoma | Bayer To Pay $10 BillionNational Injury BureauUndoDrivepedia30+ Funny Photos Of Car Owners Having A Rough DayDrivepediaUndoHomeLight.comDon’t Make This Mistake When You Sell Your Home. Try these 7 websites.HomeLight.comUndoTotal Battle – Tactical Game OnlineThis Game Can Train Your Brain To Think StrategicallyTotal Battle – Tactical Game OnlineUndoFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorUndo It takes the total lent through the two schemes – and through CLBILS, a scheme for larger firms – to £75.1 billion since they were introduced between March and May last year. In the month to March 21, another £1.3 billion was lent in Coronavirus Business Interruption Loans (CBILS), and around £900 million in Bounce Back Loans, which help the smallest businesses. Jessica Clark whatsapp The government paid out almost £4bn in additional furlough costs last month as a  further 200,000 people were temporarily laid off. Share Furlough: Extra 200,000 workers temporarily laid off in February Show Comments ▼ whatsapplast_img read more

News / Air freight could benefit from a rush to beat US-China tariff deadline

first_img© Vaeenma By Alex Lennane 18/06/2018 A rush to beat the tariffs imposed by the US and China in the latest trade spat could spark a change in freight movements and rates.Over the weekend, China retaliated against the US imposition of 25% tariffs on $34bn of Chinese goods, by targeting the same value of imports.The Chinese list includes includes beef, poultry, pork, dairy products, seafood, tobacco and soybeans, while a further $16bn of US products, including coal, crude oil, natural gas and medical equipment could be targeted at a later date.The US lists have now been released and include aerospace parts and machinery, and it too has $16bn-worth of other Chinese goods ‘under review’.center_img US retailers have been quick to criticise the US tariffs, calling them “reckless”.“America’s families and farmers will be the ones hurt most by these tariffs… For many American families, these increased costs will wipe out any gains from tax reform,” said Hun Quach, vice president of international trade for RILA.“Today’s action is a reckless escalation of the global trade war that will do little to address the underlying problems with China. With Canada, Mexico, the EU and China all promising retaliatory measures at the same time, America’s retailers, farmers, autoworkers and American employees throughout the global value chain are at risk.“In a trade war, there are no winners, only losers.”  His words were echoed by Richard Liu, founder and CEO of, who told CNBC that a Chinese preference for imported goods would ultimately mean American brands would suffer most. But for US importers looking to get tariff-hit cargo from China before the July 6 deadline, it could pay to use air freight instead.Ti’s John Manners-Bell told media he expects to see “significant” rate increases and a shift of some cargo from ocean to air freight as companies rush to move goods, something he “has certainly seen in the past”.However, after the deadline, trade between the two countries could be muted, affecting all transport modes.China, however, appears to have left the way open for negotiations, saying it was “too early to conclude that a trade war will start”.Meanwhile, the UK Financial Times has published an interesting piece examining what it calls the “topsy turvey” of Trump’s ‘logic’.It concludes with a quote from 1937, by UK economist Joan Robinson on tariffs: “It would be just as sensible to drop rocks into our harbours because other nations have rocky coasts.”last_img read more

Portarlington Further Education & Training Centre holding information evening on Thursday, August 29

first_img WhatsApp Twitter GAA Pinterest Twitter GAA Facebook By LaoisToday Reporter – 25th August 2019 GAA Facebook Portarlington Further Education & Training Centre holding information evening on Thursday, August 29 Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory Here are all of Wednesday’s Laois GAA results Portarlington Further Education and Training Centre are holding an information evening in the Midlands Park Hotel this Thursday, August 29, from 6.30pm to 8.30pm.Among the course that can be studied in Portarlington Further Education and Training Centre are:Return to Learning – QQI Level 4Healthcare Support – QQI Level 5Early Childhood Care 7 Education – QQI Level 5Office Administration – QQI Level 5Business Management – QQI Level 6Certificate for Accounting TechniciansDiploma for Accounting TechniciansSocial Care – QQI Level 6Check out their free VTOS programme and for more information you contact Margaret Morrin on 057 8623161 or email [email protected] ALSO – Check out the Portarlington Further Education Centre website here 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshin Previous articleDraws made for next stages of Senior, Intermediate and Junior football championshipsNext articleIn Pictures: Presentations in Portlaoise and Abbeyleix Golf Club LaoisToday Reporter Home Sponsored Portarlington Further Education & Training Centre holding information evening on Thursday, August… Sponsored Pinterest TAGSPortarlingtonPortarlington Further Education and Training Centre WhatsApp RELATED ARTICLESMORE FROM AUTHORlast_img read more

Coronavirus: 429 new cases as around 6,500 students impacted by Leaving Cert mess up

first_imgHome News Coronavirus: 429 new cases as around 6,500 students impacted by Leaving Cert… News Twitter Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival Facebook Coronavirus: 429 new cases as around 6,500 students impacted by Leaving Cert mess up By Alan Hartnett – 30th September 2020 Electric Picnic TAGSCoronavirusCovid-19 Deputy CMO Dr Ronan Glynn There has been a total of 429 new cases of Coronavirus have been diagnosed in Ireland today.That means that there is now a total of 36,155 cases notified in Ireland.Of these, 189 cases are in Dublin, 60 in Cork, 31 in Donegal, 28 in Galway, 18 in Kildare, 15 in Wicklow, 15 in Clare, 12 in Limerick, 9 in Meath, 8 in Louth, 7 in Cavan, 7 in Longford, 6 in Laois, 5 in Offaly, 5 in Westmeath, with the remaining 14 cases in 8 counties.There have been 4,384 cases reported in the last 14 days.Of these, 2,147 are in Dublin, 441 in Cork, 336 in Donegal, 189 in Galway and 189 in Kildare. The remaining 1,082 are spread in 21 counties.There are currently 130 patients in hospital and 20 of those are in ICU.Sadly, there has been one further death – meaning 1,804 is the death toll.Dr Ronan Glynn, Acting Chief Medical Officer, Department of Health, said: “This evening there are 130 people with COVID-19 in hospital – 15 in the last 24 hours. Recently we asked everyone to half their social contacts.“Reducing the number of people that we meet – and engaging safely with a small core group – remains the cornerstone of our collective effort to reduce the spread of this virus and its impact on our health and the health of the people that we care about.”Dr Colm Henry, Chief Clinical Officer, HSE, said: “Community transmission represents the greatest threat to patients and staff in hospitals and residential care facilities.“When you are making plans to meet friends and socialise this week, take a minute to consider our healthcare workers, who have been at the frontline since the beginning of the pandemic, in hospitals, in nursing homes and in our homes, caring for those who are ill and those who are the most vulnerable to this highly infectious virus.“Every time you wear a facemask, wash your hands, cover your coughs and keep your distance, your actions are not only preventing the transmission of the virus, but you are also protecting older and vulnerable people and healthcare workers.”Professor Philip Nolan, Chair of the NPHET Irish Epidemiological Modelling Advisory Group, said: “The R number is now between 1.2 and 1.4. While we are cautiously optimistic about Dublin, we have seen relatively high case numbers in the last few days, and it will be a number of days yet before the pattern is clear.“Case numbers are clearly rising across the country. We need to remain vigilant, to ensure we do not lose the ground that we have gained across the capital city since we moved to Level 3, and to ensure we do not see further deterioration outside the capital.”Dr Breda Smyth, Director of Public Health, HSE West, “I am asking people of all ages to play their part to suppress this virus. It is important for everyone to stay connected, but you need to do this in a safe way, at a distance, and virtually as much as you can.“If you have symptoms, stay at home, call your doctor to arrange for a test and let the people that you live with know about it as soon as possible. If you find out that you are close contact, please come forward for testing. Remember that COVID-19 is a highly infectious disease that can have a devastating impact on your health at any age.”Leaving Cert messThe Minister for Education has apologised for errors which resulted in at least 6,500 students receiving a lower grade than they ought to have received.Norma Foley said any students affected will be upgraded and every effort will be made to ensure those affected will not miss out on college places which they qualify for in light of upgrades.She said the errors may have resulted in some students receiving higher grades than they were supposed to. However, their grades will stand.The crux of the issue seems to be an algorithm issues which mistakenly took CSPE results from Junior Cert into account when determining the predicted grades.The second error was that the system was supposed to identify an achievement profile based on students in Irish, English and maths and their two strongest subjects.Instead, it resulted in students’ two weakest subjects forming part of the expected achievement profile for the class.The president of the Irish Second-Level Students’ Union expressed disappointment at this revelation.Laois native Reuban Murray said: “This is going to have a very real and serious impact for a lot of students, we need to ensure all education stakeholders work together to make sure that the financial and mental impacts of these errors are mitigated and addressed because it wasn’t the students fault that this happened.“We welcome the fact that these errors have been found – but now we need to address the impacts of them.”Everyone should be aware of the risk factors for getting COVID-19:Distance – the risk of getting COVID-19 increases as the distance between you and others gets smaller. Keep 2 metres apart where possibleActivity – How you spend time with people and what you do with them can increase your risk. Follow the government’s Stay Safe Guidelines when spending time with othersTime – The more time you spend in close contact with other people can increase your risk of getting COVID-19. Keep track of who you spend time with and howEnvironment – Being outdoors is safer than being indoors. Where possible, meet with others outdoors. If this is not possible, keep windows and doors open when meeting others insideSymptoms – Know the symptoms. If you have them self-isolate and contact your GP immediatelyPublic Health Advice for all citizens available here: Know the symptoms of COVID-19a fever (high temperature – 38 degrees Celsius or above)a cough – this can be any kind of cough, not just dryshortness of breath or breathing difficultiesloss or change to your sense of smell or tasteflu like symptoms Pinterest Electric Picnic organisers release statement following confirmation of new festival date RELATED ARTICLESMORE FROM AUTHOR WhatsApp Twitter Previous articleIn Pictures: Basketball Ireland awards for Portlaoise Panthers and Scoil Chríost RíNext articleIn Pictures: Abbeyleix Bog walk and Bike Week in Ratheniska, Portlaoise and Durrow Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. WhatsApp Electric Picnic Facebook News Pinterestlast_img read more

‘Arirang’ Looming over the Horizon

first_img RELATED ARTICLESMORE FROM AUTHOR ‘Arirang’ Looming over the Horizon By Choi Song Min – 2012.05.04 12:13pm North Korea has begun forming troupes to take part in this year’s Arirang mass games performance, leading to a game of wait-and-see between parents determined to ensure that their children are not required to perform.Training for Arirang, as well as the performance itself, places four or five months of severe physical and emotional stress on participants. Training for the games begins after May 20th, once the annual ‘farm supporting activities’ are completed, meaning that the time for concern is rapidly approaching.A source from Pyongyang told Daily NK, “Each school began working on its own list of participants for the Arirang games after the Labor Day holiday. There was some hope that the mass games might not be held in the Kim Jong Eun era, but alas that was not to be. All the parents of school-aged children are now working on plans to get their children exempted from the games.”“Well-off parents are secretly paying bribes to hospital staff for medical certificates which can get their children off. Genuinely infirm children are sent to recuperate in the country, which completely removes any chance of being selected for the games.” The source also said, “People are pretty brazen now when talking about having to pay expensive bribes and the like to get their children off these lists.”The Arirang mass games are administrated by the Mass Gymnastics Organizing Committee, which is made up of members of the Kim Il Sung Socialist Youth League and the cabinet-directed Chosun Sports Guidance Committee. From the beginning of May the committee screens children at Pyongyang’s elementary and middle schools based on height, health and artistic talent, and whittles the names down to a list of participants. In Pyongyang, roughly half the children from every school year are selected to take part in the games.“Parents are keeping their eye on the situation and are keen to find out what other parents are doing to get their children out of selection,” the source said. “There is a palpable atmosphere amongst Pyongyang parents at the moment of trying to avoid selection for the games.”The Arirang mass games have earned a nickname amongst the North Korean people: ‘Arirang of tears’. The games, which began in 2002, conscript over 10,000 elementary, middle school and university students from Pyongyang every year. Equipment including clothes, shoes, cards, artificial flowers, handheld flags, folding fans, and pole vaults become a burden for participants learning each routine. As the performance approaches, students are made to train outside in stifling heat for 12 hours a day, from 8 o’clock in the morning, and practice is sometimes extended into the night. Parents of children who sit out from a rehearsal or fall behind in their training also become targets of severe criticism.When the games began, performers were given televisions, which sparked envy amongst parents of non-participants; however, these have now been replaced with nylon blankets, leading to even less willing participation. Facebook Twitter North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) NewsEconomy News center_img News AvatarChoi Song Min There are signs that North Korea is running into serious difficulties with its corn harvest SHARE News US dollar and Chinese reminbi plummet against North Korean won once againlast_img read more

Univeris Summit: Advisors greater compliance risk than seniors

Fiona Collie Advisors without a proper understanding of how to best work with an aging clientele, particularly those with diminishing capacity, pose a higher compliance risk to dealerships than seniors themselves, according to Paige Wadden, head of compliance at Worldsource Wealth Management. Speaking as part of a panel at the 2013 Univeris Summit in Toronto on Wednesday, Wadden said, “It’s not the seniors in and of themselves that are causing the concern.” Share this article and your comments with peers on social media Related news Facebook LinkedIn Twitter OSC names members of Seniors Expert Advisory Committee Borden Ladner Gervais acquires AUM Law Keywords Compliance,  Seniors How to avoid abuse by PoAs for property “I’m more concerned with our advisors and the people who have influence on seniors because [seniors] are a more vulnerable segment of the population,” she said. Advisors who are not properly aware of how to spot and handle instances of diminishing mental capacity in an elderly client pose a strong compliance risk to dealers, she said. As such, dealers need to put more of a focus on training their advisors on how to work with seniors, she said, in terms of issues around capacity, powers of attorney and having an overall better understanding of the situations of elderly clients. Furthermore, advisors themselves need to treat know-your-client requirements as more than just paperwork to be filled out automatically, said Wadden, as it is the KYC process that will truly help advisors understand their senior clients and avoid compliance risks for both themselves and their dealers. “If you really know your client and are not just getting them to fill out the form, which becomes rote after awhile,” she said, “then you’re going to know that there is something that’s going on with that client.” read more

IIROC bans and orders former registrant to pay almost $900,000

first_img PwC alleges deleted emails, unusual transactions in Bridging Finance case Keywords EnforcementCompanies Investment Industry Regulatory Organization of Canada Mouth mechanic turned market manipulator BFI investors plead for firm’s sale Share this article and your comments with peers on social media Noronha is no longer registered and did not participate in the regulatory proceedings against him. The violations occurred while he was a portfolio manager with Dundee Securities Ltd. and Raymond James Ltd. in Toronto. According to the IIROC hearing panel, Noronha facilitated investments in a couple of issuers off the books; he accepted compensation from the issuers through his wife; and he failed to disclose the conflict of interest this created to his firm. IIROC staff sought disgorgement of the payments he received from the issuers, along with an additional fine of $100,000 and a ban from the investment industry. However, the hearing panel ruled that the fine should be much higher than IIROC staff proposed in order “to properly reflect the seriousness of Mr. Noronha’s misconduct.” The panel stressed that a larger fine is necessary to have the desired deterrent effect. “From every aspect, the misconduct of Mr. Noronha was as disgraceful and egregious as one could imagine in the investment industry,” the IIROC hearing panel stated. “Mr. Noronha placed himself in a direct conflict of interest by receiving undisclosed compensation from [the issuers] when he had a duty to provide independent advice to his clients who were investing in those companies. This is a classic example of a conflict of interest that totally undermines the public’s confidence in the investment industry.” Moreover, the IIROC hearing panel noted that Noronha sought to hide his activities by having compensation from the issuers paid to his wife; and that he tried to prevent an investigation by his firm by deleting emails about the transactions. “From the beginning to the end of this saga,” the hearing panel stated, “Mr. Noronha acted deliberately and dishonestly.”center_img James Langton Related news An Investment Industry Regulatory Organization of Canada (IIROC) hearing panel has banned former portfolio manager Jayanth Noronha and ordered him to pay almost $900,000 for engaging in undisclosed, off-book transactions. Specifically, Noronha has been ordered to disgorge almost $700,000, pay $60,000 in costs and a $200,000 fine after it was found he not only engaged in off-book transactions, but accepted compensation from issuers in connection with the off-book deals, failed to disclose the conflict of interest this created and deleted email records to hide the misconduct. Facebook LinkedIn Twitterlast_img read more

OSFI releases final version of capital adequacy guideline for banks

first_img Translating climate risks into financial risks takes work The final version incorporates the standardized approach to counterparty credit risk for calculating derivatives exposures, which replaces the current method for computing that risk. It also includes changes to the treatment of securitized assets, among other changes.OSFI has also finalized its changes to the capital requirements for bank exposures to central counterparties and the securitization framework.In addition, the revised guideline includes changes to the capital floor and eliminates certain transition arrangements.OSFI notes that it will consult separately on the latest reforms to the capital adequacy framework for global banks, known as Basel III, which features further revisions to the leverage ratio requirements, including a buffer for global systemically important banks and other technical amendments. How should banks allocate capital for crypto? Related news The Office of the Superintendent of Financial Institutions (OSFI released the final version of the capital adequacy requirements guideline for the big banks on Tuesday.The updated requirements are due to take effect in the first quarter of 2019. Keywords Banking industryCompanies Office of the Superintendent of Financial Institutions center_img James Langton OSFI seeks to step up sector’s cyber resilience Share this article and your comments with peers on social media Facebook LinkedIn Twitterlast_img read more

Statistics Canada says retail sales up 4.8% in February

first_img Keywords Economic indicators,  CoronavirusCompanies Statistics Canada It also said that its preliminary estimate for March suggested a gain of 2.3% for the month, but cautioned the figure would be revised.TD Bank economist Ksenia Bushmeneva said retail sales rebounded in February, and likely in March, amid the easing of restrictions put in place to slow the spread of the pandemic.“However, progress remains highly dependent on the path of the virus, which has since taken a turn for the worse as a vicious third wave led to higher caseloads and hospitalizations,” Bushmeneva wrote in a report.Governments across the country have imposed a fresh round of restrictions in recent weeks in an attempt to slow a surge in COVID-19 cases even as vaccination rates pick up.“Recent spending and mobility data suggests that retail sales are likely to weaken once again in April amid renewed restrictions and stay-at-home orders,” Bushmeneva wrote.Benjamin Reitzes, director of Canadian rates and macro strategist at BMO Capital Markets, said retail sales continue to perform well when stores are allowed to open.“Accordingly, another good gain is expected in March, but April will see a big-time reversal with restrictions tightened in much of the country,” Reitzes said.Statistics Canada said sales at motor-vehicle and parts dealers rose 5.0% in February, boosted by a 5.6% increase at new car dealers and a 9.2% increase at automotive parts, accessories and tire stores.Boosting core retail sales was a 6.1% gain at general merchandise stores.Sales at clothing and clothing accessories stores also rose 23.7%, the first gain for the category since September 2020, as clothing store sales rose 20.8%, shoe store sales added 43.1% and the jewelry, luggage and leather goods subcategory climbed 25.4%.Sporting goods, hobby, book and music stores saw a 23.5% increase in sales for the month, while furniture and home furnishings stores gained 18.0%.In volume terms, overall retail sales rose 4.3% in February. Related news Canadian retail sales climbed in February, boosted by sales at new car dealerships, gas stations and clothing stores, but economists cautioned the pandemic’s third wave will again dent sales.Statistics Canada said Wednesday that retail sales rose 4.8% to $55.1 billion in February, while core retail sales — which exclude gas stations and motor-vehicle and parts dealers — climbed 3.8% in February, the first increase in three months. Ontario unlikely to balance budget by 2030: FAO Household debt-to-income ratio fell in first quarter: Statscan Two shopaholics carrying paperbags while walking along shop window 123RF Share this article and your comments with peers on social media Canadian Press Leading indicators signal steady rebound: OECD Facebook LinkedIn Twitterlast_img read more