Canada To Launch Billion-Dollar Marijuana Free Market This Week
Menahem Kahana/AFP/Getty Images A new free market for medical marijuana in Canada will replace small growers with large-scale indoor farms. Menahem Kahana/AFP/Getty Images Canada is ushering in what it projects to be a $1.3 billion medical marijuana free market this week, as it replaces small and homegrown pot production with quality-controlled marijuana produced by large farms. The market could eventually serve up to 450,000 Canadians, according to government estimates. As Toronto’s Globe and Mail explains, a transition phase began Monday that will allow more price fluctuation and phase out home and small-scale production. “In its place, large indoor marijuana farms certified by the [Royal Canadian Mounted Police] and health inspectors will produce, package and distribute a range of standardized weed, all of it sold for whatever price the market will bear,” the newspaper reports. “The first sales are expected in the next few weeks, delivered directly by secure courier.” Large-scale growers have begun applying for licenses to produce marijuana; one Ontario company hopes to grow cannabis in an old Hershey chocolate plant, Reuters reported last week. At least two large growers have already received their licenses. The free market will likely establish a price of around $7.60 per gram of dried marijuana bud, according to “Marihuana for Medical Purposes Regulations” posted by Canada’s health department. (And if you’re wondering about that spelling, it follows a precedent set in Canada’s controlled substances law.) The health agency projects that the legal marijuana supply industry “could grow to more than $1.3 billion per year in annual sales” within 10 years. Officials say the illegal cannabis market “represents a multibillion dollar per year industry.” The Canadian government says the new plan will also reduce its own costs, on a website explaining some of the changes. “The current program costs Canadian taxpayers millions of dollars each year because the $5/gram charged to program participants who choose to purchase from Health Canada is heavily subsidized,” Health Canada says.
Half of Canada Consumers Willing to Switch Physicians to Gain Online Access to Electronic Medical Records, According to Accenture Survey
dollar. One Canadian dollar buys 96.88 U.S. cents. Benchmark Bonds Canadas benchmark 10-year government bond fell, pushing the yield up two basis points to 2.56 percent. The price of the 1.5 percent security maturing in June 2023 slipped 14 cents to C$90.97. Implied volatility for one-year options on the Canadian dollar versus its U.S. counterpart rose to 7.1 percent, the highest on a closing basis since Sept. 16. Implied volatility is used to set option prices and gauge the expected pace of currency swings. The average for this year is 7.39 percent. Options traders touched the most bearish level on the Canadian dollar versus its U.S. peer in three weeks. The three-month so-called 25 delta risk-reversal rate, which measures the premium charged for the right to buy the U.S.
Canada’s Dollar Drops Against Australia’s as U.S. Shuts Down
Its just a matter of when. As that deadline approaches, expect to see more volatility in the markets, he cautioned. The closer we get the more nervous well get. As you get closer to the edge, theres always a risk that youll trip and fall over, Wright said. Canadas economy is already struggling due to lower than expected demand for our exports, increased competition and slowing domestic expansion, a senior Bank of Canada official said a speech in Toronto Tuesday. Canadas third-quarter growth rate will be more subdued than expected and next year could also be weaker the previously thought, deputy governor Tiff Macklem told the Economic Club of Canada. Growth in the three months ended Sept. 30 will probably come in between 2 and 2.5 per cent, rather than 3.8 per cent, Macklem said. The fourth quarter, from October to December, will look much the same, he said. This is not the first time friction between a Republican-dominated U.S. Congress and Democratic President Obama has resulted in high-stakes brinkmanship. Since April 2011, U.S. budget and debt crises have sent shockwaves throughout the global economy on three occasions. In each case, lawmakers reached a last-minute agreement.
Canadian Bankers Association Celebrates Canada’s Seniors on the Third Annual National Seniors Day
“Banks in Canada celebrate seniors and their experience, dedication, knowledge and vitality,” said Terry Campbell, President of the Canadian Bankers Association. “Seniors are valued bank customers and there is no time like today, National Seniors Day, to recognize their important contributions to Canadian society.” The CBA continues to support the active work that the Government of Canada is doing to protect the interests of seniors and improve their quality of life. The Government of Canada’s website seniors.gc.ca has great resources for seniors and their families and friends. Banking for seniors Seniors are valued customers and banks offer a range of products and services designed to meet their needs. Services can include no-fee or low-fee bank accounts, comfortable and accessible branches, advice to help plan for retirement and to help manage their finances throughout retirement years, and tips and information on protecting hard-earned money from fraud and scams. Bank branches and websites have information about the banking packages available for seniors. The Financial Consumer Agency of Canada (FCAC) also has information and charts comparing seniors’ accounts which can be found on its website here or by calling toll-free 1-866-461-FCAC (3222). Protecting seniors from financial abuse Financial abuse occurs when a trusted individual tries to take control of a senior’s financial affairs for their own benefit. Unfortunately financial abuse is often committed by a trusted person, such as a family member, friend or caregiver who may exploit their relationship to gain access to an individual’s finances or estate. It is important that seniors recognize the warning signs of financial abuse: — A trusted person takes an undue interest or involvement in your financial matters. — Your statements show account withdrawals or transfers you did not do. — A trusted person suggests you have your bank statements sent to them (or you stop receiving your bank statements). — A trusted person suggests you make changes to important contracts – your Will, Power of Attorney, trusts, property titles, deeds or mortgages – that you do not want to make or are not in your best interest. — You feel afraid of, or pressured by, a trusted person. It is important to recognize these signs of abuse so you can protect yourself or your loved ones from becoming a victim of financial abuse.
In contrast, one-third of Canadian consumers (32 per cent) reported that they have access to their EMR. “When patients are part of the record-keeping process, it can increase their understanding of conditions and serve as a clear differentiator for clinical care,” added Cherian. Methodology Accenture conducted an online survey of 9,015 adults (1,000 in Canada) ages 18+ to assess patient perceptions of their medical providers’ electronic capabilities across nine countries: Australia, Brazil, Canada, England, France, Germany, Singapore, Spain and the United States. Where relevant, the survey compares select findings from the Accenture Doctors Survey to compare the doctor and patient responses. The survey was fielded by Harris Interactive in July 2013 Learn more aboutAccenture’s Insight Driven Health, Accenture Connected Health Services andDelivering Public Service for the Future. About Accenture Accenture is a global management consulting, technology services and outsourcing company, with approximately 275,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$28.6billion for the fiscal year ended Aug. 31, 2013. Its home page is www.accenture.com . SOURCE Accenture Image with caption: “Level of Patient Access to Canada Electronic Medical Records (CNW Group/Accenture)”.