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Deficits support higher prices – TD Securities

TD Securities’ Ryan McKay argues that Crude Oil is far from oversupplied, with high-frequency global and Chinese balances still pointing to tightness. McKay expects ongoing market deficits, inventory drawdowns and the rebuilding of buffers to keep prices elevated, projecting a recovery toward $90/bbl and possible extension toward $100/bbl as structural…

Loonie constrained near term – NBC

National Bank of Canada ’s (NBC) Stéfane Marion and Kyle Dahms describe the Canadian Dollar (CAD) as caught between improving domestic growth and a still-challenging external backdrop. USD/CAD recently rose above 1.42, with forecasts easing to 1.33 by Q2 2027. Lower Canadian inflation, weaker Gold and Oil, and lingering Canada-United States-Mexico Agreement (CUSMA) uncertainty cap near-term CAD upside, though pro-growth policy and trade clarity could support a stronger loonie in 2027.Growth rebound but limited FX…

Business

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Oribe shampoo recalled over possible bacteria contamination

A luxury shampoo is being recalled nationwide due to concerns the product may be contaminated with bacteria, according to the Food and Drug Administration. Kao USA Inc. is voluntarily recalling select lots of Oribe Serene Scalp Densifying Shampoo in the U.S. and Canada after Pluralibacter gergoviae bacteria was found during…

Markets

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XAI makes its rebrand to SpaceXAI complete with a new logo

xAI is no more.The AI company founded by Elon Musk and acquired by his rocket company earlier this year has officially rebranded to SpaceXAI, debuting a new logo and an update to its username on X.SpaceX acquired xAI — including its flagship chatbot, Grok, as well as X — in…

Investing

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