Owner Operators apply today

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Who We Are: Paisan Logistics is an asset-based crude oil hauling company. We specialize in transporting crude oil from lease sites to rail stations, pipelines or refineries. Our company prides itself in being extremely easy to do business with, reliabl…

USD/CAD Canadian Dollar Higher After Strong GDP and Persistent USD Weakness

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The Canadian dollar is higher on Wednesday after the economy accelerated its growth in November. Canadian GDP is posted monthly and showed a gain of 0.4 percent in November. The Canadian economy started 2017 with a bang which led the Bank of Canada (BoC) to raise rates twice before a slowdown in the third quarter.…

Fed Expected to Leave Rates Unchanged in Last Yellen Meeting

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The Federal Reserve may sound a bit more hawkish as Fed Chair Janet Yellen’s tenure comes to an end. Yellen was presiding over her final meeting, and the Fed’s post-meeting statement will be released at 2 p.m. Wednesday afternoon. “They’re not going to raise rates this time around. They do want to at least confirm…

ADP Jobs Report Beats Expectations Sets Stage for NFP on Friday

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The new year got off to a strong start for job creation, with businesses adding 234,000 in January, according to a report Wednesday from ADP and Moody’s Analytics. Economists surveyed by Reuters had been looking for private payrolls to grow by 185,000. Job creation was concentrated largely in service-related industries, which contributed 212,000 to the…

US Commerce Secretary Says NAFTA Far from Being Completed

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The efforts to renegotiate NAFTA are “far from being completed at this point,” Commerce Secretary Wilbur Ross said on CNBC Wednesday. Ross told “Squawk Box” without being specific that some progress has been made on easier provisions, but “very little has been done on the hard issues.” Without mentioning specific trade free arrangements such as…

Canadian GDP Rose 0.4 in November

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The Canadian economy accelerated in November by the most in six months, with activity broad-based across a number of sectors including manufacturing and keeping the Bank of Canada on track to raise interest rates again before long. Gross domestic product rose by 0.4 percent from October’s flat reading, Statistics Canada said on Wednesday, in line…

Justin Trudeau Does Not Believe US will pull out of NAFTA

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Canadian Prime Minister Justin Trudeau said in an interview he does not think U.S. President Donald Trump will pull out of NAFTA, despite differences over how to update the trade pact, the Canadian Broadcasting Corp said on Wednesday. Trudeau’s comments were among the most positive made by any Canadian official since talks started last year…

US Treasury Secretary Urges Congress to Raise Debt Ceiling

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Treasury Secretary Steven Mnuchin on Wednesday called on the Republican-controlled Congress to lift the U.S. debt limit “as soon as possible” so the government can pay federal employee benefits and other obligations. In a letter to congressional leaders and key committee chairmen, Mnuchin said the Treasury Department would continue to suspend payments into federal employee…

Dollar Weaker on Shrinking Central Bank Divergence and US Trade Stance

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A persistently weak dollar is confounding currency traders and roiling global financial markets. Investors across asset classes are feeling the effects of the buck’s rocky start to the year, with the ICE U.S. Dollar Index DXY, -0.06% a measure of the currency against six major rivals, dropping 3.5% in the year to date, adding on…

DoubleLine CEO Says Weak USD Good for Commodities

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There’s good news ahead for commodities, with a particular bet on metals, as the outlook for the dollar looks to stay grim, according to experts. DoubleLine CEO Jeffrey Gundlach made a call for commodities during a webcast Tuesday, during which he predicted commodities would soon outperform stocks. This correlates with the weakness of the dollar,…

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