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February 9th - Samsung Display is evaluating expanding its OLED panel production capacity for Apples foldable products, following Apples plans to release a smaller foldable iPhone Flip after the larger foldable iPhone Fold. Samsung Display is considering investing in additional foldable OLED production equipment at its A4 factory in Asan, South Chungcheong Province, South Korea, focusing on upgrading backplane-related processes, including thin-film transistor (TFT) production lines. The overall direction has been determined, and once internal approval of the specific investment scale is completed, related capital expenditures are expected to begin in the second quarter of this year.Century Hengtong: The company has not yet cooperated with Weibo on any content review services.February 9th – At a regular press conference on February 9th, Foreign Ministry Spokesperson Lin Jian addressed a reporters question regarding the Japanese House of Representatives election. Lin Jian stated that China urges the ruling Japanese authorities to face up to, rather than ignore, the concerns of the international community, and to follow the path of peaceful development rather than repeating the mistakes of militarism. He stressed the need to abide by the four political documents between China and Japan, rather than betray them. He asserted that if the far-right forces in Japan misjudge the situation and act recklessly, they will inevitably face resistance from the Japanese people and a strong counterattack from the international community. Chinas policy towards Japan remains stable and consistent and will not change due to any single Japanese election. He reiterated Chinas urging to Japan to retract its erroneous remarks regarding Taiwan made by Kaohsiung City and demonstrate its basic sincerity in upholding the political foundation of China-Japan relations through concrete actions.February 9th - Data from the Comprehensive Transportation Spring Festival Travel Rush Task Force shows that on February 8th, 2026 (the 7th day of the Spring Festival travel rush, the 21st day of the twelfth lunar month, Sunday), the total cross-regional passenger flow reached 227.713 million person-times, an increase of 2.3% compared to the previous day and 2.3% compared to the same period in 2025 (Monday). Among them, railway passenger volume was 13.442 million person-times, a decrease of 2.7% compared to the previous day and 1.1% compared to the same period in 2025.According to TASS, Russian Foreign Minister Lavrov stated that Russia remains open to cooperation with the United States, but it is the United States itself that is creating artificial obstacles.

USD/CAD Bears In Control And Aiming At Support Zone Lows

Alina Haynes

Apr 04, 2023 13:53

USD:CAD.png 

 

The USD/CAD exchange rate is unchanged on the day after a succession of negative impulses drove the price into new territory to the downside and deeper into a support region as a result of the oil price rally. The USD/CAD exchange rate was 1.3431 at the time of writing.

 

Monday's 6.3% rise in West Texas Intermediate WTI crude oil to an intraday high of $81.51 strengthened the CAD. The oil price surged after the OPEC+ cartel surprised the market with a production cut of 1.1 million barrels per day to support prices, with the cartel announcing that it will reduce output prior to Monday's ministerial meeting.

 

Analysts at TD Securities observed that the Bank of Canada's Business/Consumer Surveys painted a more dovish picture ahead of the April BoC meeting, with a marked improvement in capacity pressures and consumer inflation expectations.

 

Analysts noted that firm-level inflation expectations continue to be elevated and that consumer growth and income expectations have also increased since the fourth quarter.

 

''The Bank of Canada should be pleased with these results, which indicate a decline in capacity pressures and a moderation in inflationary pressures. However, inflation expectations remain a formidable impediment to near-term relief. If growth does not decelerate substantially in the second quarter, it may be difficult for the Bank of Canada to keep rates at 4.50 percent. Analysts believe that the report is optimistic for CAD.


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