Latest news with #US36
The Province
01-07-2025
- Sport
- The Province
Canucks: Conor Garland gets the big term but Thatcher Demko doesn't in contract extensions
Mighty mite winger Garland gets six-year, $36 million extension, while Demko's extension is three years and $8.5 million in average annual value. Get the latest from Ben Kuzma straight to your inbox Canucks right winger Conor Garland has something to shout about after landing a six-year, $US36 million extension on Tuesday. Photo by Patrick Smith / Getty Images Why not start the day with some good news? This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles by top sports columnists Patrick Johnston, Ben Kuzma, J.J. Abrams and others. Plus, Canucks Report, Sports and Headline News newsletters and events. Unlimited online access to The Province and 15 news sites with one account. The Province ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles and comics, including the New York Times Crossword. Support local journalism. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles by top sports columnists Patrick Johnston, Ben Kuzma, J.J. Abrams and others. Plus, Canucks Report, Sports and Headline News newsletters and events. Unlimited online access to The Province and 15 news sites with one account. The Province ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles and comics, including the New York Times Crossword. Support local journalism. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors First it was fast and feisty winger Conor Garland being granted a six-year, $US36 million contract extension by the Vancouver Canucks. That encouraging news was followed by goaltender Thatcher Demko landing a three-year extension commitment that carries $8.5 million in annual average value. Garland, 29, had 19 goals an and 50 points this NHL season and his average of 18:39 in ice time and seven power-play goals were career highs. And with a year remaining on his current deal at $4.95 million, it was imperative for the Canucks to ensure one of their key culture carriers could play an important role after a season of too much unrest on the ice and in the room 'Conor is a core member of our hockey team and a player who has taken on a bigger role with the club the past couple seasons,' Canucks general manager Patrik Allvin said in the news release. 'His commitment to us by signing this deal shows how confident he is in our organization's vision and direction. Essential reading for hockey fans who eat, sleep, Canucks, repeat. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. 'He competes hard every day, drives play on the ice, is relentless on the forecheck and is really tough to play against. Gars is an emerging leader in the group and works extremely hard to keep himself and the players around him accountable.' Garland changed agents and pondered last fall whether a change of NHL scenery would help him and the salary cap-challenged club find solutions for both parties. The competitive side of Garland saw a glut of wingers here and decided to just play and seize every day. Not that it was easy. Leading by example has always been his calling card. The undersized and overexerting winger has played with speed, drive, desire, irritation. Garland is closer to 5-foot-8 than his 5-foot-10 player bio, but measures up in a big man's game with a fearless and direct approach. And if you could measure the heart to compete, his would be off the charts. This advertisement has not loaded yet, but your article continues below. 'As a smaller guy, you never have a guarantee,' Garland told Postmedia. 'I remember Tocc (Rick Tocchet) telling me after my second year when I had 22 goals (Arizona) and came in a little cocky. He just said you have to earn it every day and he's spot-on. I've learned from that and I couldn't be happier. 'The cream rises to the top, and I believe that.' Alex Killorn of the Anaheim Ducks is denied by Canucks goalie Thatcher Demko and the post during April 5 meeting at Rogers Arena. Photo by Rich Lam / Getty Images For Demko, it wasn't going to be about money because he had done the work. It was going to be about term. The 2024 Vezina Trophy finalist was going to command a favourable comparable, but career hip, groin and knee ailments that have hampered consistency and durability. That was not lost on management and a three-year extension speaks to that. 'Thatcher is one of the top goalies in the NHL and a key leader in our locker room,' said Allvin. 'His desire to continue his career in Vancouver says a lot about what we are trying to accomplish and where this organization is headed. Demmer is one of the hardest working players on our team and gives our group great confidence when he takes the net. This advertisement has not loaded yet, but your article continues below. 'A complete package of size, strength, rebound control, and athletic ability, our players know that they have an opportunity to win each and every game he plays.' There had to be a sweet spot for all parties to be comfortable with a deal that's of market value, but doesn't carry a lengthy term. Consider it insurance for the Canucks and reality for Demko, 29, to work in a tandem with Kevin Lankinen, 30, and get the club back to the post-season. Demko has one year remaining on his current deal at $5 million. Ullmark has played 297 career regular-season games with a 2.54 goals-against average, .917 saves percentage and 13 shutouts. He won the Vezina Trophy in 2023. Demko has logged 242 games with a 2.80 GAA., .910 percentage and nine shutouts. He was limited to 23 games this season with injuries and posted a 10-8-3 record, 2.90 GAA. and .889 saves percentage and one shutout. This advertisement has not loaded yet, but your article continues below. There was always a contract comparable sitting on a tee. Demko's camp could take one look at what Linus Ullmark has accomplished, and what he agreed to in a new contract, and take a swing. Ullmark, 31, had an expiring salary cap hit of $5 million this NHL season and then his four-year, $33-million extension kicks in with the Ottawa Senators. It carries an $8.25 million cap hit. Demko never wanted a change of scenery and has always vowed that the best is yet to come. The Canucks are banking on that because they could have waited to see how he starts next season before making a considerable commitment. And comparable numbers have added up to a fair deal. bkuzma@ Read More
AU Financial Review
29-05-2025
- Politics
- AU Financial Review
Trump pardons reality-show couple convicted of $56m fraud
Washington | President Donald Trump on Wednesday (Thursday AEST) fully pardoned reality television stars Todd and Julie Chrisley, who were convicted three years ago of evading taxes and defrauding banks of about $US36 million ($56 million) to support their luxurious lifestyle. The pardon is the latest instance of Trump using his clemency power to settle grievances over what he calls the political weaponisation of the justice system. Trump, in notifying the Chrisleys' daughter, Savannah, called their treatment 'pretty harsh', as shown in a video clip of their call posted to social media by one of the president's special assistants.
The Advertiser
23-05-2025
- Business
- The Advertiser
Dollar under pressure as US fiscal anxiety rises
The dollar is heading for its first weekly fall in five weeks against major currencies and long-dated Treasury yields remain elevated as US debt concerns that have mounted for years start driving moves in currencies and global debt. Investor attention has switched from tariff anxiety to US fiscal concerns in a week where Moody's downgraded the US credit rating and the Republican-controlled House of Representatives on Thursday passed a sweeping tax and spending bill. Futures contracts tracking Wall Street's benchmark S&P 500 share index were steady in European trade on Friday morning as investors balanced the tax-cut boost to corporate earnings with longer-term concerns about the US economy. "It's good for corporates initially, and clearly you're seeing the flip side of that in Treasury markets," Netwealth CIO Iain Barnes said. But with long-dated debt yields' tendency to affect valuations of other assets, from global currencies to stocks, he said investors were nervous that any further volatility in 30-year Treasuries could start rippling across global markets. With the US debt pile already at $US36 trillion, President Donald Trump's plans to slash taxes, cut federal budgets and boost military and border enforcement spending has sparked rollercoaster moves in the long-term debt yields that set the nation's borrowing costs. The 30-year Treasury yield was four basis points lower but held just above five per cent after hitting a 19-month high in the previous session. Yields on 30-year Japanese bonds, which hit record highs earlier in the week as selling driven by domestic fiscal and inflation concerns was exacerbated by moves in US debt, recovered slightly, declining by 5 bps to about 3.10 per cent. Data on Friday showed Japan's core consumer price inflation climbed 3.5 per cent in April in its steepest annual increase for more than two years, raising pressure on the Bank of Japan to keep hiking interest rates. In the euro area, German Bund yields dipped on but stayed on track for their fifth straight weekly rise, tracking US Treasuries. The benchmark European debt has sold off despite money markets showing that traders anticipate the European Central Bank cutting its main deposit rate to about 1.75 per cent by year-end. In currency markets, the euro firmed 0.5 per cent to $1.1335 . An index tracking the US currency against a basket of peers including the euro and Japan's yen, was 0.2 per cent lower and down 1.3 per cent on the week in its first weekly drop since late April. Despite the euro's gain, which tends to knock exporters' shares, Europe's Stoxx 600 share index gained 0.3 per cent in early dealings and Germany's Xetra Dax added 0.4 per cent, as traders stayed cautious towards US assets. Japan's Nikkei also gained 0.5 per cent on Friday, with MSCI's broadest index of Asia-Pacific shares outside Japan rising by the same amount. Bitcoin prices dipped from its record high but it was still set for a weekly gain of 6.4 per cent to $US110,796. Oil prices dropped for a fourth consecutive session and were set for their first weekly decline in three weeks, weighed down by renewed supply pressure from another possible OPEC+ output hike in July. Brent futures fell 0.85 per cent to $US63.89 a barrel and US West Texas Intermediate crude futures fell 0.9 per cent to $US60.65. In precious metals, gold prices rose just more than one per cent to $US3,321 an ounce. The dollar is heading for its first weekly fall in five weeks against major currencies and long-dated Treasury yields remain elevated as US debt concerns that have mounted for years start driving moves in currencies and global debt. Investor attention has switched from tariff anxiety to US fiscal concerns in a week where Moody's downgraded the US credit rating and the Republican-controlled House of Representatives on Thursday passed a sweeping tax and spending bill. Futures contracts tracking Wall Street's benchmark S&P 500 share index were steady in European trade on Friday morning as investors balanced the tax-cut boost to corporate earnings with longer-term concerns about the US economy. "It's good for corporates initially, and clearly you're seeing the flip side of that in Treasury markets," Netwealth CIO Iain Barnes said. But with long-dated debt yields' tendency to affect valuations of other assets, from global currencies to stocks, he said investors were nervous that any further volatility in 30-year Treasuries could start rippling across global markets. With the US debt pile already at $US36 trillion, President Donald Trump's plans to slash taxes, cut federal budgets and boost military and border enforcement spending has sparked rollercoaster moves in the long-term debt yields that set the nation's borrowing costs. The 30-year Treasury yield was four basis points lower but held just above five per cent after hitting a 19-month high in the previous session. Yields on 30-year Japanese bonds, which hit record highs earlier in the week as selling driven by domestic fiscal and inflation concerns was exacerbated by moves in US debt, recovered slightly, declining by 5 bps to about 3.10 per cent. Data on Friday showed Japan's core consumer price inflation climbed 3.5 per cent in April in its steepest annual increase for more than two years, raising pressure on the Bank of Japan to keep hiking interest rates. In the euro area, German Bund yields dipped on but stayed on track for their fifth straight weekly rise, tracking US Treasuries. The benchmark European debt has sold off despite money markets showing that traders anticipate the European Central Bank cutting its main deposit rate to about 1.75 per cent by year-end. In currency markets, the euro firmed 0.5 per cent to $1.1335 . An index tracking the US currency against a basket of peers including the euro and Japan's yen, was 0.2 per cent lower and down 1.3 per cent on the week in its first weekly drop since late April. Despite the euro's gain, which tends to knock exporters' shares, Europe's Stoxx 600 share index gained 0.3 per cent in early dealings and Germany's Xetra Dax added 0.4 per cent, as traders stayed cautious towards US assets. Japan's Nikkei also gained 0.5 per cent on Friday, with MSCI's broadest index of Asia-Pacific shares outside Japan rising by the same amount. Bitcoin prices dipped from its record high but it was still set for a weekly gain of 6.4 per cent to $US110,796. Oil prices dropped for a fourth consecutive session and were set for their first weekly decline in three weeks, weighed down by renewed supply pressure from another possible OPEC+ output hike in July. Brent futures fell 0.85 per cent to $US63.89 a barrel and US West Texas Intermediate crude futures fell 0.9 per cent to $US60.65. In precious metals, gold prices rose just more than one per cent to $US3,321 an ounce. The dollar is heading for its first weekly fall in five weeks against major currencies and long-dated Treasury yields remain elevated as US debt concerns that have mounted for years start driving moves in currencies and global debt. Investor attention has switched from tariff anxiety to US fiscal concerns in a week where Moody's downgraded the US credit rating and the Republican-controlled House of Representatives on Thursday passed a sweeping tax and spending bill. Futures contracts tracking Wall Street's benchmark S&P 500 share index were steady in European trade on Friday morning as investors balanced the tax-cut boost to corporate earnings with longer-term concerns about the US economy. "It's good for corporates initially, and clearly you're seeing the flip side of that in Treasury markets," Netwealth CIO Iain Barnes said. But with long-dated debt yields' tendency to affect valuations of other assets, from global currencies to stocks, he said investors were nervous that any further volatility in 30-year Treasuries could start rippling across global markets. With the US debt pile already at $US36 trillion, President Donald Trump's plans to slash taxes, cut federal budgets and boost military and border enforcement spending has sparked rollercoaster moves in the long-term debt yields that set the nation's borrowing costs. The 30-year Treasury yield was four basis points lower but held just above five per cent after hitting a 19-month high in the previous session. Yields on 30-year Japanese bonds, which hit record highs earlier in the week as selling driven by domestic fiscal and inflation concerns was exacerbated by moves in US debt, recovered slightly, declining by 5 bps to about 3.10 per cent. Data on Friday showed Japan's core consumer price inflation climbed 3.5 per cent in April in its steepest annual increase for more than two years, raising pressure on the Bank of Japan to keep hiking interest rates. In the euro area, German Bund yields dipped on but stayed on track for their fifth straight weekly rise, tracking US Treasuries. The benchmark European debt has sold off despite money markets showing that traders anticipate the European Central Bank cutting its main deposit rate to about 1.75 per cent by year-end. In currency markets, the euro firmed 0.5 per cent to $1.1335 . An index tracking the US currency against a basket of peers including the euro and Japan's yen, was 0.2 per cent lower and down 1.3 per cent on the week in its first weekly drop since late April. Despite the euro's gain, which tends to knock exporters' shares, Europe's Stoxx 600 share index gained 0.3 per cent in early dealings and Germany's Xetra Dax added 0.4 per cent, as traders stayed cautious towards US assets. Japan's Nikkei also gained 0.5 per cent on Friday, with MSCI's broadest index of Asia-Pacific shares outside Japan rising by the same amount. Bitcoin prices dipped from its record high but it was still set for a weekly gain of 6.4 per cent to $US110,796. Oil prices dropped for a fourth consecutive session and were set for their first weekly decline in three weeks, weighed down by renewed supply pressure from another possible OPEC+ output hike in July. Brent futures fell 0.85 per cent to $US63.89 a barrel and US West Texas Intermediate crude futures fell 0.9 per cent to $US60.65. In precious metals, gold prices rose just more than one per cent to $US3,321 an ounce. The dollar is heading for its first weekly fall in five weeks against major currencies and long-dated Treasury yields remain elevated as US debt concerns that have mounted for years start driving moves in currencies and global debt. Investor attention has switched from tariff anxiety to US fiscal concerns in a week where Moody's downgraded the US credit rating and the Republican-controlled House of Representatives on Thursday passed a sweeping tax and spending bill. Futures contracts tracking Wall Street's benchmark S&P 500 share index were steady in European trade on Friday morning as investors balanced the tax-cut boost to corporate earnings with longer-term concerns about the US economy. "It's good for corporates initially, and clearly you're seeing the flip side of that in Treasury markets," Netwealth CIO Iain Barnes said. But with long-dated debt yields' tendency to affect valuations of other assets, from global currencies to stocks, he said investors were nervous that any further volatility in 30-year Treasuries could start rippling across global markets. With the US debt pile already at $US36 trillion, President Donald Trump's plans to slash taxes, cut federal budgets and boost military and border enforcement spending has sparked rollercoaster moves in the long-term debt yields that set the nation's borrowing costs. The 30-year Treasury yield was four basis points lower but held just above five per cent after hitting a 19-month high in the previous session. Yields on 30-year Japanese bonds, which hit record highs earlier in the week as selling driven by domestic fiscal and inflation concerns was exacerbated by moves in US debt, recovered slightly, declining by 5 bps to about 3.10 per cent. Data on Friday showed Japan's core consumer price inflation climbed 3.5 per cent in April in its steepest annual increase for more than two years, raising pressure on the Bank of Japan to keep hiking interest rates. In the euro area, German Bund yields dipped on but stayed on track for their fifth straight weekly rise, tracking US Treasuries. The benchmark European debt has sold off despite money markets showing that traders anticipate the European Central Bank cutting its main deposit rate to about 1.75 per cent by year-end. In currency markets, the euro firmed 0.5 per cent to $1.1335 . An index tracking the US currency against a basket of peers including the euro and Japan's yen, was 0.2 per cent lower and down 1.3 per cent on the week in its first weekly drop since late April. Despite the euro's gain, which tends to knock exporters' shares, Europe's Stoxx 600 share index gained 0.3 per cent in early dealings and Germany's Xetra Dax added 0.4 per cent, as traders stayed cautious towards US assets. Japan's Nikkei also gained 0.5 per cent on Friday, with MSCI's broadest index of Asia-Pacific shares outside Japan rising by the same amount. Bitcoin prices dipped from its record high but it was still set for a weekly gain of 6.4 per cent to $US110,796. Oil prices dropped for a fourth consecutive session and were set for their first weekly decline in three weeks, weighed down by renewed supply pressure from another possible OPEC+ output hike in July. Brent futures fell 0.85 per cent to $US63.89 a barrel and US West Texas Intermediate crude futures fell 0.9 per cent to $US60.65. In precious metals, gold prices rose just more than one per cent to $US3,321 an ounce.
Perth Now
23-05-2025
- Business
- Perth Now
Dollar under pressure as US fiscal anxiety rises
The dollar is heading for its first weekly fall in five weeks against major currencies and long-dated Treasury yields remain elevated as US debt concerns that have mounted for years start driving moves in currencies and global debt. Investor attention has switched from tariff anxiety to US fiscal concerns in a week where Moody's downgraded the US credit rating and the Republican-controlled House of Representatives on Thursday passed a sweeping tax and spending bill. Futures contracts tracking Wall Street's benchmark S&P 500 share index were steady in European trade on Friday morning as investors balanced the tax-cut boost to corporate earnings with longer-term concerns about the US economy. "It's good for corporates initially, and clearly you're seeing the flip side of that in Treasury markets," Netwealth CIO Iain Barnes said. But with long-dated debt yields' tendency to affect valuations of other assets, from global currencies to stocks, he said investors were nervous that any further volatility in 30-year Treasuries could start rippling across global markets. With the US debt pile already at $US36 trillion, President Donald Trump's plans to slash taxes, cut federal budgets and boost military and border enforcement spending has sparked rollercoaster moves in the long-term debt yields that set the nation's borrowing costs. The 30-year Treasury yield was four basis points lower but held just above five per cent after hitting a 19-month high in the previous session. Yields on 30-year Japanese bonds, which hit record highs earlier in the week as selling driven by domestic fiscal and inflation concerns was exacerbated by moves in US debt, recovered slightly, declining by 5 bps to about 3.10 per cent. Data on Friday showed Japan's core consumer price inflation climbed 3.5 per cent in April in its steepest annual increase for more than two years, raising pressure on the Bank of Japan to keep hiking interest rates. In the euro area, German Bund yields dipped on but stayed on track for their fifth straight weekly rise, tracking US Treasuries. The benchmark European debt has sold off despite money markets showing that traders anticipate the European Central Bank cutting its main deposit rate to about 1.75 per cent by year-end. In currency markets, the euro firmed 0.5 per cent to $1.1335 . An index tracking the US currency against a basket of peers including the euro and Japan's yen, was 0.2 per cent lower and down 1.3 per cent on the week in its first weekly drop since late April. Despite the euro's gain, which tends to knock exporters' shares, Europe's Stoxx 600 share index gained 0.3 per cent in early dealings and Germany's Xetra Dax added 0.4 per cent, as traders stayed cautious towards US assets. Japan's Nikkei also gained 0.5 per cent on Friday, with MSCI's broadest index of Asia-Pacific shares outside Japan rising by the same amount. Bitcoin prices dipped from its record high but it was still set for a weekly gain of 6.4 per cent to $US110,796. Oil prices dropped for a fourth consecutive session and were set for their first weekly decline in three weeks, weighed down by renewed supply pressure from another possible OPEC+ output hike in July. Brent futures fell 0.85 per cent to $US63.89 a barrel and US West Texas Intermediate crude futures fell 0.9 per cent to $US60.65. In precious metals, gold prices rose just more than one per cent to $US3,321 an ounce.
Perth Now
21-05-2025
- Business
- Perth Now
Stocks subdued as Trump tax cuts stoke fiscal fears
Stocks have been muted and the US dollar under pressure as investors fret about the fiscal outlook for major developed economies and the lack of progress on trade deals. Oil prices rose more than one per cent after a CNN report said Israel was preparing a strike on Iranian nuclear facilities, raising supply concerns out of the key Middle East producing region and bringing geopolitical concerns back into focus. Investor sentiment has been fragile since Moody's last week downgraded the United States' credit rating, stoking worries about the country's $US36 trillion ($A56 trillion) debt pile, with US President Donald Trump pushing for tax cuts that could worsen the debt load by $US3 trillion to $US5 trillion. There are also concerns about a lack of progress on US trade talks with trading partners pressing Washington to ease or eliminate its tariffs. The STOXX benchmark of major European shares fell 0.2 per cent in early trading on Wednesday, and US stock futures indicated a lower open on Wall Street. Treasury yields have stayed elevated, with the yield on 30-year Treasury bonds hitting five per cent. That brought no respite to the dollar as investors flocked to safe-haven currencies including the yen and the Swiss franc. "People are looking at the idea of moving capital out of the US and it's certainly not a mass exodus, but people are looking at the opportunities in some of these other markets again," said Chris Weston, head of research at Pepperstone. Investors sought those opportunities in Asia, with MSCI's broadest index of the region outside Japan up 0.8 per cent at a seven-month high. In currencies, dollar selling accelerated in Asia, driving the yen, Swiss franc and the euro to their strongest levels in two weeks. The pound touched a three-week high and last bought $US1.3428. British inflation jumped to a higher-than-expected annual rate of 3.5 per cent in April from 2.6 per cent in March. Markets were also monitoring the Group of Seven finance ministers' meetings under way in Canada for any hints that a weaker dollar could help advance trade negotiations. Investors in the Japanese bond market remained jittery after a steep selloff in super-long bonds in the previous session. Yields on longer-dated bonds hovered near record highs on Wednesday, with questions over how the country could fund new fiscal stimulus, with the central bank trying to normalise monetary policy. Data on Wednesday showed Japanese shipments to the US fell in April even as exports rose for the seventh straight month, highlighting the toll President Donald Trump's tariffs could take on the fragile economic recovery in Japan. Analysts said any progress on deals between the US and its trade partners could fuel risk appetite, but there are concerns Trump's policies could still damage the global economy. On Tuesday, US Federal Reserve officials said prices were rising on the back of higher US import tariffs and counselled patience before making any interest rate decisions. Gold prices rose on Wednesday as the dollar weakened and investors flocked to safe-haven assets. Spot gold was 0.7 per cent at $US3,311 per ounce, the highest in more than a week.
