financializer news A weblog highlighting financial topics making news in the international media.

consumer spending: The latest assessment comes at a sensitive time, with the government planning to raise the consumption tax rate in October to 10 percent from 8 percent, a move that could dampen consumer spending, according to The Japan Times. The government has said it will go ahead with the tax increase unless the world's third-largest economy faces a shock on the scale of the financial crisis triggered by the 2008 collapse of U.S. investment bank Lehman Brothers Holdings Inc. The office said its coincident index of business conditions for April climbed 0.8 point from the previous month to 101.9 against the 2015 base of 100, amid a recovery in domestic demand and exports of automobiles and motorcycles. ; The figures related to manufacturing components are rising but they were not enough for the government to upgrade the assessment, a Cabinet Office official told reporters. Last month, the Cabinet Office downgraded its economic assessment to worsening for the first time in over six years, signaling that the economy is heading into recession. The move raised doubts among economists about the government's assertion that the country's growth from December 2012 had likely surpassed the Izanami Boom, a 73-month streak from 2002 to 2008. In January, the office lowered its evaluation from weakening to signaling a possible turning point. (news.financializer.com). As reported in the news.

dollar weakness: Gold does well in a period of dollar weakness, inflation and economic uncertainty, says Peter Schiff, chief global strategist for Euro Pacific Capital, a division of Alliance Global Partners, according to Market Watch. We are about to get all three. All the factors for the metal to rally to record levels might finally be falling into place. Gold prices were held back by expectations that the Federal Reserve's monetary tightening cycle would continue for years, argues Schiff. Read on Barron's How gold could stage a 20% rally this year In Schiff's view, the economy is approaching a severe recession that will prompt the central bank to launch another round of quantitative easing, or asset buying, to drive down interest rates. Everyone now recognizes that the Fed is done tightening and that the bias is in the other direction, but few understand just how far and how fast the Fed will have to loosen monetary policy in the coming months, he adds. (news.financializer.com). As reported in the news.

dow jones: The Nasdaq Composite Index COMP, 1.66% advanced 126.55 points to 7,742.1, a gain of 1.7%. On Thursday, the Dow rose 181.10 points, or 0.7%, at 25,720.66, representing its longest string of gains since March 18, according to Dow Jones Market Data, according to Market Watch. The S&P meanwhile, rose 17.34 points, or 0.6% to 2,843.49, while the Nasdaq added 40.08 points, or 0.5%, to reach 7,615.55. Read For stocks, bad news is good news once again How did the benchmarks perform The Dow Jones Industrial Average DJIA, 1.02% rose 263.28 points, or 1%, to 25,983.94, while the S&P 500 index SPX, 1.05% gained 29.85 points, or 1.1%, at 2,873.34. For the week, the Dow gained 4.7%, the S&P 500 returned 4.4%, while the Nasdaq climbed 3.9%. The Dow and S&P 500 had their best weekly showing since late November, while it was the Nasdaq's best performance since the week ended Dec. 28, according to Fact Set data. Estimated job gains for both March and April were cut by a total 75,000, and the three-month moving average of monthly job gains has fallen from 245,000 in January to 151,000 today. What drove the market The U.S. economy added 75,000 new jobs in May, while the unemployment rate held steady at 3.6%, the Labor Department said Friday, far below the 185,000 estimated by economists, per a Market Watch poll. (news.financializer.com). As reported in the news.

japanese bank: The euro was at 1.1262, up from 1.1231, and at 122.15, up from 121.57, according to The Japan Times. The dollar's firmness was a result of a media report that the United States is considering postponing tariffs on imports from Mexico, traders said. Market players retreated to the sidelines to see developments in U.S. tariff talks with Mexico as well as U.S. government jobs data for May, due later on Friday. ; At 5 p.m., the dollar stood at 108.46, up from 108.23 at the same time Thursday. A rise in Japan's Nikkei stock average gave another lift to the dollar by driving up risk appetite, they said. The dollar's downside is solid, and it'd be no surprise to see it rise above 108.90 if positive news comes out, an official of a major Japanese bank said. The dollar remains supported by higher stock prices stemming from expectations for an interest rate cut in the United States, but players find it difficult to move either way amid uncertainty about U.S. tariffs on Mexico, an official at a major Japanese securities house said. (news.financializer.com). As reported in the news.

korey bauer: The number fueled fears that the U.S. economy is slowing as trade tensions between the U.S. and China and Mexico persist, according to Market Watch. The cannabis sector was looking oversold after a recent major selloff, said Korey Bauer, portfolio manager of the Cannabis Growth mutual fund CANNX, 1.99% recently launched by Foothill Capital Management. The Dow Jones Industrial Average DJIA, 1.02%was up 290 points in midday trade, after news that the economy added just 75,000 new jobs in the month, well below forecasts for 185,000. Overall risk assets are doing well as the weak jobs number and wage growth are a signal that the Fed may have to move soon. A bipartisan cannabis banking bill, the Secure And Fair Enforcement SAFE Banking Act, is moving closer to a full floor vote after it was placed on the Union Calendar, as advocacy site Marijuana Moment reported. On the regulatory front, the effort to protect banks that do business with cannabis companies from federal enforcement action made progress this week, he said. (news.financializer.com). As reported in the news.

markets: The agency urged the Japanese unit to compile a plan to improve management and internal control, and also present preventive measures by July 5, according to The Japan Times. It imposed a fine of 130 million 1.1 million on Citigroup Global Markets. The agency said Citigroup Global Markets Japan Inc. overlooked and executed fake trading orders, known as spoofing, for Japanese government bond futures on the Osaka exchange in late October last year, placed by a trader at Citigroup Global Markets Ltd., the British securities subsidiary of Citigroup. ; Spoofing is a practice in which traders attempt to manipulate the prices of publicly traded financial assets by placing large buy or sell orders with no intention of executing them. Citi will continue to enhance governance and internal controls and to develop and implement preventive measures to ensure that the issues identified by the regulators will not occur again, Citigroup Global Markets Japan said in a statement. Twitter Facebook Linked In LATEST BUSINESS STORIESAso, Treasury Secretary Steven Mnuchin discuss global economic risks amid U.S.-China trade spat Finance Minister Taro Aso met with U.S. Treasury Secretary Steven Mnuchin on Sunday to discuss issues of global economic concern amid the escalating trade tensions between the United States and ...ANA, space agency to look into possibility of using satellite system to find optimal flight pathsANA Holdings Inc. and the Japan Aerospace Exploration Agency JAXA have joined forces to look into the feasibility of using a satellite system to find the best flight paths for airplanes by obs... Ministry eyes sharply lower penalties for mobile phone contract termination The communications ministry is planning to lower penalty charges imposed by mobile phone service providers on early contract termination from the current 9,500 to 1,000 or less, it w... /4973089/JT-teads googletag.cmd.push function googletag.display ; ; (news.financializer.com). As reported in the news.

pm utc: Economists blame President Donald Trump's trade war and warn that if he follows through with his protectionist agenda, he could lead America into a recession, according to The Independent. Friday's announcement from the Bureau of Labor Statistics that the economy added just 75,000 jobs, well below expectations, came two days after payroll processor ADP's report on private sector employment reported that a mere 27,000 jobs were added in May. The news and stories that matter, delivered weekday mornings.SUBSCRIBE June 7, 2019, 3 45 PM UTC By Martha C. White June wasn't a great month for the labor market. Even though the ADP report earlier this week foreshadowed a possible miss for today, this is even worse than the lower band of most people's expectations, said Chris Zaccarelli, chief information officer for the Independent Advisor Alliance. The fingerprints of the trade war are increasingly evident in the data. This is a clear warning sign that the trade war is doing serious damage to the economy, said Mark Zandi, chief economist at Moody's Analytics. (news.financializer.com). As reported in the news.

climate: Over the past five years Australia's standing in the Pacific has declined dramatically because of an unwillingness to take strong action on climate change, according to The Guardian. It's not as if the Pacific hasn't been clear. A successful step-up must include stopping our own pollution, defending the sovereignty of our friends in the Pacific and offering a safety net to those who may need it. From female fishers to the Fijian prime minister, to remote communities in the Solomon Islands, climate change is a top-order issue. If action isn't taken, in 40 years there are people in Pacific island states who may have nowhere to go. It's about the very survival of people, nations and cultures. (news.financializer.com). As reported in the news.

groundbreaking study: Fast forward to 2019 and a groundbreaking study in Croydon has shown how adverse childhood experiences like exposure to domestic violence, parental substance abuse and mental illness are still having a generational impact on youngsters' health and wellbeing, according to The Guardian. The investment needs to go deeper into communities, to fund preventive work that forms lasting relationships, builds trust and gives whole families the support they need to thrive, before we can be confident again of achieving sustainable health benefits for children experiencing poverty and neglect. But not to be overlooked is that when Sure Start was launched it formed just one part of an early intervention strategy to tackle the impact of poverty on families, going beyond the need for affordable childcare and employment advice. Steve PhaureCEO, Croydon Voluntary Action It made my day when I read that research by the IFS shows that Sure Start children's centres provided major health benefits for young children in the most deprived areas. Notwithstanding the benefits of this, it hardly compares to the initial Sure Start programme, where integrated health and family support and early-years education were delivered through a wide range of innovative and accessible services. The government responded by citing its Healthy Child Programme which provides five mandatory health visitor checks before a child is two-and-a-half. (news.financializer.com). As reported in the news.

road: Proposed by China in 2013, the Belt and Road Initiative refers to the Silk Road Economic Belt and the 21st Century Maritime Silk Road, aiming at building a trade and infrastructure network connecting Asia with Europe and Africa along the ancient trade routes of Silk Road, according to Global Times China. The SET president said that as China's economy continues growing, more foreign direct investment in Thailand may come from China in the future, also helping to keep Thai economy growing. SET President Pakorn Peetathawatchai made the remarks in a recent interview with Xinhua. There are so many things that Thailand and China will work together, Pakorn said. China has been doing a lot of infrastructure investments and now you will see that other countries surrounding are doing the same thing. Regarding the development of China's economy, the SET president said, In my opinion, Chinese economy is actually quite sustainable in the long term, expressing his confidence in the Chinese economy. (news.financializer.com). As reported in the news.

space tourists: That could include film crews, for instance, who could be allowed to make ads or whole films in space, according to The Independent. The first space tourists could head up to the ISS in 2020, Nasa said. The space agency plans to open the floating lab up to private astronauts as well as commercial companies, it said. ISOCountry Groups euro at be cy ee fi fr de gr ie it lv lt lu mc mt nl pt sk si sm es va uk gb us us variants 1 33.4, 2 33.3, 3 33.3 We'll tell you what's true. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. You can form your own view. (news.financializer.com). As reported in the news.

states trump: At issue is whether Mexico will step up efforts to stop the flow of undocumented migrants crossing its southern border into the United States, according to Global Times China. Trump has expressed frustration over growing inflow of illegal immigrants. If tariffs take effect, that could impact both economies and drive a wedge between Washington and its third largest trading partner, experts said. Last month saw a decade-long high in apprehensions of illegal migrants, with 133,000 detained at the border. Illegal immigration will be one of Trump's major platforms in the 2020 elections, and the president believes Mexico has done very little to mitigate the situation. Mexico is also used as a route of entry to the United States by violent criminal gangs from El Salvador, such as the infamous MS-13, while many of Trump's supporters also believe that illegal immigration drives down working class wages and increases competition for blue collar jobs. (news.financializer.com). As reported in the news.

trade war: The US unilaterally lifted tariffs on Chinese imports and upgraded the trade war into a technology war, according to Global Times China. It not only undermines bilateral economic interests and the global industrial chain, but also brings huge challenges to the world's technological advances and human development. The US has pushed a negotiation that was approaching cooperative equilibrium back to a prisoner's dilemma that could harm both sides. China has held its bottom line and stands on three issues including completely canceling the tariffs, a reasonable purchasing amount and safeguarding the country's core interests and dignity. The accusation of China's forced technology transfer made in the report lacks professional and substantial evidence. The US' use of the Section 301 investigation report as evidence for punitive tariffs on China is unsound. (news.financializer.com). As reported in the news.

twitter share: Photographer Alejandro Cegarra/Bloomberg 2017 Bloomberg Finance LPMexico is suffering from a number of challenges right now, according to The Independent. Some are external, such as threats from Trump to impose tariffs on Mexico's exports, but others are self-inflicted. Leadership Strategy Share to facebook Share to twitter Share to linkedin Oil workers shout pro-government slogans during a press event at the Petroleos Mexicanos Pemex Miguel Hidalgo Refinery in Tula, Hidalgo, Mexico, on Friday, Nov. 3, 2017. Mexico's new president, a controversial but charismatic populist named Andres Manuel Lopez Obrador, has made energy sovereignty the centerpiece of his administration's wide-ranging agenda. Foreign analysts are skeptical. Lopez Obrador, who is known in Mexico by his initials, AMLO, wants to re-build the country's beleaguered parastatal energy giant Pemex and construct a multi-billion dollar refinery in his home state of Tabasco. (news.financializer.com). As reported in the news.

k resolution: Samsung Electronics Australia has today announced the availability of its 98-inch 248.9cm QLED 8K TV. That's right - a 98-inch TV. Samsung says the TV delivers pin-sharp picture quality, remarkable design, innovative smart features and for the first time in Australia, 8K resolution, according to Nine News Australia. It's literally cinema quality in your lounge room, but so much better. To improve your experience update it here Broncos v largest TV could be yours - for a spare 100kBy Lauren Golman ACA Reporter12 59pm Jun 7, reckons they're redefining the world of TVs and after seeing Australia's biggest TV, it's hard to argue that statement. And minus the frozen coke machine. A Current Affair A Current Affair was first to see the TV, and will bring you more detail on tonight's show from 7pm. Reporter Lauren Golman with the 198-inch Samsung TV that is Australia's largest. (news.financializer.com). As reported in the news.

petra team: Also, a visit to Mark Kriskis favorite New York-style pizza joint in L.A. 8 p.m, according to MSNBC. CWDr. Next, it's empanadas for breakfast. Jeff Rocky Mountain Vet In this new episode, Mel and her daughter rescue a baby squirrel, and Dr. Petra team up to save a cat hit by a car. 8 p.m. Jeff and Dr. (news.financializer.com). As reported in the news.

jobs: That's where the conversation is at in terms of regional jobs and in terms of environmental policy, according to Nine News Australia. I actually think it's time to move on. To improve your experience update it here Broncos v Titans News National Qld treasurer's Adani job claim is false By AAP6 37pm Jun 7, 2019Facebook Tweet MailAAP Fact Check Investigation Is the number of jobs promised by the Adani coal mine equal to just 0.005 per cent of all jobs created over the past four years by the Queensland Labor government The Statement I had some maths done, the jobs promised in this one mine, if looked at from a perspective of all the jobs the Palaszczuk government has facilitated and created since it came to office, is 0.005 per cent. Queensland deputy premier and treasurer Jackie Trad. The Verdict False - the checkable claim is false. June 6, 2019. (news.financializer.com). As reported in the news.

premium: Elliott, which has a reputation for aggressive investment strategies, said the firms would benefit from sharing best practice under Daunt, according to The Guardian. The deal includes Barnes & Noble's debt and values it at 6.50 a share, a 43% premium to the average figure in the 10 days before rumours of a merger first appeared. The UK arm of the 35bn Elliott Management hedge fund plans to install James Daunt, the Waterstones boss, in New York as chief executive of both chains, with the two brands retained and operated separately. Unputdownable! The bookshops Amazon couldn't kill Read more Barnes & Noble is far larger than Waterstones, with more than twice as many stores and seven times the revenue. Waterstones has a total of 293 bookshops, including Foyles and Hatchards, and revenue of 402m last year. The US bookseller has 627 stores, with a presence in all 50 US states, and recorded sales of 3.7bn 2.9bn in the 2018 financial year. (news.financializer.com). As reported in the news.

right: Investors bet that labour market weakness would give the Fed a reason to provide the economy with more support, pushing the S&P 500 and the Dow to their biggest weekly gains since the end of November, right before a massive year-end sell-off, according to Nine News Australia. A Labor Department report showed non-farm payrolls increased by 75,000 jobs last month, much smaller than the 185,000 additions estimated by economists in a Reuters poll, suggesting the loss of momentum in economic activity was spreading to the labour market. To improve your experience update it here Broncos v Titans News WorldUS stocks rally on rate cut, trade hopes By AAP7 06am Jun 8, 2019Facebook Tweet MailUS share markets have charged higher as sharply slowing US jobs growth boosted hopes for Federal Reserve interest rate cuts while optimism about potential progress in US trade fights with China and Mexico added to risk appetites. As a result traders raised bets for a rate cut in July followed by two more rate cuts by year-end. Investors are putting weak jobs in the context that it might result in a more timely Fed action which would be more supportive than if they wait too long, he said. The jobs report indicates there's some weakness but the economy does remain relatively robust at this point, said Peter Jankovskis, co-chief investment officer at Oak Brook Investments LLC in Lisle, Illinois. (news.financializer.com). As reported in the news.

anti-establishment credentials: She eschews high-dollar fundraisers as a way to bolster her anti-establishment credentials and free up time for virtually limitless conversations with voters at campaign events, according to The Japan Times. There's nobody even close to nipping at the heels of Elizabeth Warren when it comes to outlining specific policies, said Ron Abramson, a 50-year-old immigration lawyer from Bow, New Hampshire. Warren's path to directly challenging front-runner Joe Biden runs through Sanders, her main rival for progressive voters and the candidate who's steadily held the No. 2 spot in most polls. ; The Massachusetts senator is making inroads and attracting voters with a flood of detailed proposals on issues from taxing the ultra-wealthy and offering universal child care to breaking up big technology firms and investing in a green economy. Abramson is the type of voter that Sanders should worry about. A sweeping victory in New Hampshire, a key early state, vaulted Sanders into a serious threat to Hillary Clinton. He was a Sanders delegate at the 2016 Democratic National Convention and held a house party for the Vermont upstart. (news.financializer.com). As reported in the news.

bank group: It gained 30.99 points the previous day, according to The Japan Times. Despite an overnight rise in U.S. equities, the Tokyo market got off to a weak start after U.S. President Donald Trump tweeted that progress is being made in the tariff talks but not nearly enough. The 225-issue Nikkei average edged down 2.06 points, or 0.01 percent, to end at 20,774.04, after jumping 367.56 points on Wednesday. ; The TOPIX index of all first-section issues finished down 5.17 points, or 0.34 percent, at 1,524.91. The Nikkei soon took an upturn and remained in positive territory until late afternoon trading thanks to buying in such heavily weighted component issues as clothing store chain Fast Retailing and technology investor Soft Bank Group, brokers said. The yen's continued strength against the dollar also prevented active stock buying, brokers said. Meanwhile, the TOPIX fluctuated narrowly around the previous day's closing level for the most of the session. (news.financializer.com). As reported in the news.

cloudera cldr: The stock opened down 38.5% from Wednesday's close, according to Market Watch. Unfortunately, we simply got this one wrong, wrote Bernstein's Zane Chrane, who lowered his rating on Cloudera shares to market perform from outperform. At least four analysts cut their ratings on the stock following the first-quarter report, arguing that it will take time for the company to turn its business around and that things could get worse for Cloudera CLDR, -2.11% before they improve. Our downgrade is based on what we believe is most likely accelerating structural headwinds from cloud vendor competition, with no visible catalysts for multiple expansion or upward revisions in the next three to six months. Given that slashed forecast comes just three months after Cloudera delivered its annual outlook in the first place, Chrane wonders if the company has sufficient visibility into customer intentions and/or market dynamics. Chrane argued that the company's reduction in its annual suggests the company expects a more than 50% reduction in new business. (news.financializer.com). As reported in the news.

bank president: That could serve to keep pressure on the euro EURUSD, 0.5143% analysts said, according to Market Watch. The shared currency was off 0.2% on Wednesday to trade near 1.1228 and remains off more than 2% so far in 2019 versus the dollar. After hints of a potential rate cut by Federal Reserve Chairman Jerome Powell and indications that easier policy may be in the offing by Australia's top monetary policy maker earlier this week, the European Central Bank president is also widely expected to maintain a dovish stance in his postmeeting news conference on Thursday. Markets seem to already expect a dovish ECB meeting based on our recent discussions with investors, although more in terms of the tone than policy action, wrote currency analysts at Bank of America Merrill Lynch in a Wednesday note. Here's a look at what economists and investors will be watching for when the ECB concludes the two-day meeting taking place in the Lithuanian capital of Vilnius one of two meetings the central bank holds outside its Frankfurt headquarters each year. We think Draghi should feel comfortable with the weak EUR level, but his dovish tone and threats for more policy loosening measures, if necessary, could still be negative for the EUR. The ECB has pledged to leave interest rates at present levels at least through the end of 2019. (news.financializer.com). As reported in the news.

test: Key key; this, according to The Independent. Value value; // check darwin test local storage exist function get Darwin State const darwin Tests if darwin Tests ! null return JSON.parse darwin Tests return null; // set darwin local storage values function set Darwin State test Name, key, value var darwin State ; if darwin State test Name ! undefined value; else const my Test State new Darwin State key, value ; darwin State test Name ; my Test State. Pointer Event window.MSPointer Event return on ; // others return off ; ; // set local storage cookie if incognito if notIE is Private is Private ; ; // AdBlock check function is AdBlocked var ad Element var isadblock ad Element ! ad Element.offset Width ad Element.offset Height true; return isadblock; // set darwin variant to ensure no variant switching function setdarwin Variant testid, variant testid ' global', variant ; // hide the pencil or the element function hide Unit testid, pencilid set Darwin State testid, 'has Closed', true ; 'u-hidden'; false ; // grab the number of times the users has seen the units and increment it by 1 function set Unit State testid, variant const darwin State get Darwin State ; var has Seen Unit 1; if && ! undefined has Seen Unit if has Seen Unit 1 set Darwin State testid, 'variant', variant ; set Darwin State testid, 'has Seen Unit', has Seen Unit ; // right now doesnt do anything much // but this can be useful if we want to define properties that cannot be changed // or seal the object in order to not delete keys. function Darwin State key, value this. Value; // get province or city according to datalayer postal code function getprovince city var pCode First Char ; if window.tgam.datalayer && && pCode First Char 1 .to Upper Case ; if pCode First Char 'V' return 'BC'; else if pCode First Char 'T' return 'AB'; else if pCode First Char 'L' pCode First Char 'M' return 'ON'; else if pCode First Char 'K' return 'OT'; else if pCode First Char 'B' return 'HF'; else if pCode First Char 'G' pCode First Char 'H' return 'QC'; else return ''; else return pCode First Char; // count the number of views for homepage, for custom units if window.location.href var count count count 15 0 count; document.cookie 'homepgfeature ' count; // schedule the test function schedule start, end var today new Date ; return new Date start today && today new Date end ; // set number of views function set Frequency pencilid if get Cookie pencilid ! true var count 1 document.cookie pencilid count ;path / ; // call apis function getapi url, compare if -1 return fetch url .then function resp return resp.json ; .then function data if return compare ; // readinghistory else if // return compare if //CEM-1014 for check return get Article data, compare ; else //CEM-1020 for check return compare ; else if var sections ; sections 0 compare 2 ; // hashID sections 1 data; // api json response if compare 3 && // CEM-1202 return get Section Article data, compare ; else // CEM-1238 return get Article data, compare ; .catch function error return error; ; else return false; // call graphiql apis function getapi graphiql url, compare if -1 return fetch url, method POST body compare 0 .then function resp return resp.json ; .then function data var output ; output 0 compare 1 ; output 1 data; document.cookie getloginsessions api JSON.stringify output ; expires new Date new return get Article data ; .catch function error return error; ; else return false; // Anonymous user profile functions function get Country object, country Code //temporary target UK if country Code 'GB' if object ! 'US' && object ! 'CA' custom Element ; if object country Code custom Element ; return; function check Country object, country Code if object country Code analytics Layer.push event click Event click Event test Id cem111 feature check Country action country Code, type test label country variant Name none segment Name none ; return; (news.financializer.com). As reported in the news.

dollars funding: The investment is the first allotment of the 3.18 billion dollars funding under the Airport Improvement Program, the statement said, according to Global Times China. The renovation projects include runway reconstruction and rehabilitation, construction of firefighting facilities, and the maintenance of taxiways, aprons, and terminals. This significant investment in airport improvements will fund construction and rehabilitation projects that will help maintain high levels of safety in U.S. aviation, said Transportation Secretary Elaine Chao. The funding was announced against the backdrop of growing concerns that U.S. infrastructure is deteriorating due to lack of maintenance or overuse. Trump nominates new US Air Force Secretary The Trump administration and the Democrats reached a tentative deal to pursue a 2 trillion dollar infrastructure plan in late April, but talks have stalled as both sides remain divided on who will foot the bill. (news.financializer.com). As reported in the news.

infrastructure projects: Andrew Burton/Getty Images files Special to Financial Post June 6, 20199 17 AM EDTFiled underFP Share this story Senators fixed the worst of Bill C-69, according to The Independent. Let's make their suggestions permanent Tumblr Pinterest Google Linked InRelated Stories This goofy clause in Bill C-69 will ensure resource development in Canada stops cold When foreigners began attacking Canada's oil industry, Ottawa turned a blind eye. Let's make their suggestions permanent Opinion The Senate has made it much more likely that projects will be proposed and built, creating jobs and government revenues while protecting our environment The Bill C-69 that the House of Commons sent to the Senate would only cause increased uncertainty for major infrastructure projects. Now it's getting worseI'm on the Bill C-69 committee and I'm hearing a lot of angry Canadians This week, the Senate of Canada began third reading of Bill C-69. The Bill C-69 that the House of Commons sent to the Senate fell far short of that promise. When the government commenced the regulatory review process in 2016, Canadians were promised legislation that would restore public trust, introduce new, fair processes, and get our resources to market. (news.financializer.com). As reported in the news.