Americans try to lure Canadian tourists back with discounts, ad campaigns
With fewer Canadian tourists heading to the U.S. this year, some once-popular vacation destinations are trying to lure visitors back with discounts, freebies and full-on ad campaigns.
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Globe and Mail
28 minutes ago
- Globe and Mail
Vaccine stocks muted as investors assess Kennedy's overhaul of key panel
Shares of global vaccine makers were mixed on Tuesday, as investors assessed U.S. Health Secretary Robert F. Kennedy Jr.'s surprising decision to fire all 17 members of a key expert panel late on Monday. Shares of U.S. vaccine maker Moderna (MRNA-Q) fell 2 per cent while Novavax (NVAX-Q) was down marginally. Merck (MRX-N) and Pfizer (PFE-N) rose between 1.4 per cent and 2 per cent. European shares of AstraZeneca (AZN-Q) closed slightly higher, while BioNTech (BNTX-Q) closed marginally lower. Analysts and investors said that while the unprecedented dismissals of all members of the Advisory Committee on Immunization Practices (ACIP) represented a risk for vaccine makers, the weak performance of those stocks in 2025 suggested that Kennedy's skepticism around vaccines was already factored in. Shares of most big drugmakers are down in 2025, compared with a 2-per-cent gain in the S&P 500 index. Since his appointment as health secretary under President Donald Trump, Kennedy has made several changes to reshape the regulation of vaccines, food and medicine. However, firing members of the ACIP remains his most far-reaching move yet. 'For vaccine makers, policy risk has already been cemented into share prices,' Morningstar analyst Karen Anderson said, even though the move was sudden and went against the promises that Kennedy made to Senator Bill Cassidy before his appointment was confirmed. Mr. Kennedy's decision comes less than three weeks before the next panel meeting, where the committee is slated to discuss recommendations for who should receive vaccines for diseases like respiratory syncytial virus, or RSV. 'It seems difficult to refill the panel with experts before the June 25th meeting,' said Jeff Jonas, portfolio manager at Gabelli Funds. 'But it's clearly going to be more difficult and more expensive to get future vaccines approved, and I'd expect to see less industry focus and effort here,' Jonas added, despite recent positive news such as the limited approval of Novavax's COVID shot and Merck's RSV therapy. Some analysts expressed concerns that the new committee members, who have not been named, might be more sympathetic to Mr. Kennedy's views on vaccines, an idea shared by scientific experts and doctors. Although the makeup of a reconstituted ACIP is yet to be determined, 'new members will likely be sympathetic to at least some of RFK's beliefs regarding alleged dangers of vaccines,' Leerink analyst Daina Graybosch wrote in a note. Ms. Graybosch said that the move could negatively impact approved vaccine recommendations and increase the burden of evidence and costs for future vaccine development. It is unclear when Mr. Kennedy will announce the new members, who the agency said are under consideration, or whether the agenda will follow the meeting description posted on the Federal Register on Monday. Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.
Globe and Mail
28 minutes ago
- Globe and Mail
Demand for oil to soar 44 per cent from now until 2050, OPEC's secretary-general tells Calgary gathering
There is no oil demand peak on the horizon, the head of the OPEC says, taking aim at a 'flip flop' in policy from the International Energy Agency which he says have undercut crucial investments in the oil and gas sector. Haitham al-Ghais, the Secretary-General of the Organization of Petroleum Exporting Countries, said Tuesday at the Global Energy Show in Calgary that the group projects global oil demand will surpass 120 million barrels a day by 2050. 'In our long-term projections, we see the forecast that global primary energy demand is going to increase by a staggering 44 per cent from now to 2050,' he said. 'Our forecasts are not based on ideology. They are based on data and analysis of data, and they clearly indicate that oil would remain an integral part of the energy mix at around 30 per cent still in 2050,' he said. Meeting that ever-rising demand will only be possible with adequate and timely and necessary investments in the oil industry, he said. But comments by the International Energy Agency have threatened those investments, he said. 'OPEC has been very concerned by the IEA's flip-flop on the critical issue of industry investments,' he said. Mr. al-Ghais specifically pointed to IEA reports between 2017 and 2020, which projected that oil would remain a cornerstone of global energy security. But in 2021, it changed its tune, saying there should be no investments in new oil and gas projects. But now the IEA has once again stressed the importance of oil industry investment, he said. Mr. al-Ghais also addressed the issue of climate, saying OPEC recognizes the importance of investing in technologies such as carbon capture and storage to battle greenhouse gas emissions. Member countries are all signatories to the Paris Agreement, he noted, and recognize the importance of investing in green sources of energy, 'because energy sources are not locked in a zero sum competition.' Rather, he said, 'all forms of energy will be needed to meet future demand and growth.' Plastics made from oil will be needed for the synthetic resins and polymers used for the blades of wind turbines, for example, solar panels and electric vehicles, he said. While he pushed for developed countries to support other economies through climate finance technology funding, he added 'there is no one size fits all solution to addressing the climate matters.' 'We welcome the recent moves towards policies grounded and pragmatic energy realities, and that recognize that we face an emissions challenge and not an energy sources challenge.' The veteran Kuwaiti oil executive was invited to the conference by Alberta Premier Danielle Smith. Dialog between OPEC and Alberta dates back to 1989, Mr. al-Ghais said, adding the group is committed to continue discussions with producers around the world, including Canada. 'We are acutely conscious of the important role that other major producers around the world, including Alberta, play in the international oil market and in the industry,' he said. 'International orientation is important, given the rapidly evolving global energy landscape.' OPEC+, which pumps about half of the world's oil and includes OPEC members and allies such as Russia, has put forward plans for an increase of 411,000 barrels per day for July as it looks to wrestle back market share and punish over-producers. It is set to unwind production cuts for the fourth straight month. Mr. Al Ghais' comments come in the wake of forecasts by research firms and the U.S. Energy Information Administration that oil demand growth and crude prices will fall by the end of the year. Growth in global oil demand for the rest of the year is expected to fall to one of its weakest levels since 2001, says research firm S&P Global, which this week revised its price outlook for West Texas Intermediate benchmark crude down to as low as the upper-US$40 mark. The United States is expected to bear the brunt of the impacts from an oversupplied market, because U.S. shale production is more responsive to price shifts compared with other sources of non-OPEC supply, such as Canada, Guyana and Brazil.
Globe and Mail
32 minutes ago
- Globe and Mail
Robotic Process Automation Ignites Growth for USA Businesses with IBN Technologies
"Robotic Process Automation [USA]" Explore the rising impact of Robotic Process Automation in the USA, highlighting its role in modernizing financial and operational workflows. Readers will gain insights into how intelligent automation is enabling businesses to enhance efficiency, improve accuracy, and adapt to evolving market demands. Learn how IBN Technologies delivers customized Robotic Process Automation solutions customized for various industries to drive future-ready growth. Miami, Florida - 10 June, 2025 - Strategic adoption of RPA combined with artificial intelligence is gaining momentum across the United States as companies and industries advance their operational capabilities. From finance and healthcare to retail and logistics, organizations are integrating robotic process automation and other intelligent technologies to keep pace with evolving market demands and increasing speed of business. This growing trend signals a shift in how work gets done, transforming routine tasks into automated processes that free teams to focus on higher-value activities. As this wave of automation gains momentum, many leaders are exploring how AI and automation can reshape workflows, enhance agility, and unlock new opportunities within their organizations. The rapid adoption of AI-enabled automation across sectors invites businesses to reimagine their operations and consider what automation could mean for their future growth and competitiveness. With this evolving landscape, companies like IBN Technologies highlight the expanding role of RPA in finance in shaping tomorrow's business environment. Transform operations with smart solutions. Get a Free Consultation: Tackling Key Automation Challenges Financial institutions across the United States are embracing automation and artificial intelligence to accelerate operations and improve decision-making. RPA supports streamlined workflows, faster execution, and enhanced data accuracy. These technologies help firms stay agile and responsive in a dynamic market environment. Outdated legacy infrastructure slows automation of deployment across departments. Heightened data security requirements accompany expanded digital workflows. Uniformly scaling automation solutions remains a complex task. The demand for skilled automation professionals exceeds the supply. Limited employee awareness can slow adoption efforts. Compliance mandates require rigorous controls over automated processes. Financial leadership seeks transparent return on investment to justify automation of investments. Fragmented systems obstruct efforts to standardize financial operations. Integration gaps create inconsistencies in automation performance. While these obstacles pose challenges, automation solutions are no longer rigid or one-dimensional. RPA is increasingly offered as a service, enabling companies to adopt flexible, scalable platforms tailored to their specific operational contexts. Firms such as IBN Technologies provide these customized automation frameworks, designed to meet industry demands, organizational setups, and compliance regulations, helping enterprises simplify complexity, enhance productivity, and maintain agility in today's evolving digital landscape. Driving Operational Excellence Through Automation As industries across the U.S. advance, the momentum behind automation continues to accelerate. From optimizing workflows to enabling swift, data-driven decisions, organizations are prioritizing intelligent automation as a key strategic asset. Robotic process automation solutions emerge as foundational technologies that support agile, interconnected, and efficient business environments. • Organizations accelerate outcomes through automation-enabled processes and comprehensive automation services. • Real-time data insights enable faster, confident decisions. • Integrated platforms encourage consistent collaboration across teams. • Digital workflows increase transparency across critical operations. • Standardized procedures foster smooth coordination between departments. • Intelligent automation supports compliance with accurate task execution. • Leadership values solutions demonstrating measurable business impact. • Scalable systems empower growth aligned with organizational goals. • Flexible integrations enhance preparedness for ongoing digital transformation. • Customized workflows evolve in line with shifting priorities. Expert guidance is essential for navigating automation. With the right support, businesses can turn strategy into measurable impact. As a trusted partner, companies like IBN Technologies deliver tailored automation solutions, combining seamless integration and intelligent workflows to help organizations advance with agility, precision, and control. 'One strategic decision in automation can elevate an organization's competitive edge. Collaborating with experienced experts ensures automation delivers the exceptional results companies expect,' says Ajay Mehta, CEO of IBN Technologies. Demonstrated Success Through Expertise Across multiple industries in the USA, organizations have partnered with IBN Technologies to implement tailored RPA solutions, driving significant gains in operational efficiency and competitive advantage. By embedding RPA into their workflows, these companies have strengthened their market positions. The influence of RPA in finance and accounting stands out, enabling faster, more precise decision-making and streamlined processes. By adopting RPA, industries in the U.S. have accelerated their operations by over 30% More than 40% of RPA-enabled companies report stronger real-time decision-making across business functions. Organizations adopting RPA have seen a 25% average decrease in operational expenses. The trajectory of business aligns with automation. As industries deepen their adoption of this transformative technology, opportunities for elevated productivity, insightful decision-making, and sustained growth continue to expand. With customized robotic process automation solutions, companies are well-prepared to adapt to evolving market demands. IBN Technologies remains a leader in delivering tailored RPA services that equip businesses to innovate and reach new milestones of success in today's competitive global landscape. Financial Excellence with Automation The rise of RPA is revolutionizing how financial operations are managed across industries in the United States. By integrating intelligent automation into accounting and finance, organizations significantly reduce manual workloads while improving data accuracy and compliance. This transformation enables faster processing of transactions, enhanced reporting capabilities, and streamlined workflows that adapt to shifting business needs. Beyond efficiency gains, RPA empowers finance teams to focus on strategic initiatives by automating routine tasks and minimizing errors. As businesses face increasing pressure to maintain agility and meet regulatory standards, intelligent process automation delivers a scalable and adaptable solution. Companies embracing these technologies are not only boosting productivity but also building resilient infrastructures that support future growth. Trusted providers like IBN Technologies serve customized RPA solutions designed specifically for finance functions, helping enterprises unlock new levels of operational excellence and competitive advantage in a rapidly evolving market. Intelligent Process Automation: About IBN Technologies IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive AR efficiency and growth. Media Contact Company Name: IBN Technologies LLC Contact Person: Pradip Email: Send Email Phone: +1 844-644-8440 Address: 66, West Flagler Street Suite 900 City: Miami State: Florida 33130 Country: United States Website:
