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North American Morning Briefing : Retail Sales -3-

07/16/2021 | 06:10am EDT

The border has been closed to most Americans since March 2020, when the Covid-19 pandemic prompted travel restrictions.

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Los Angeles Imposes New Mask Mandate

Los Angeles County will again require the use of masks indoors, following a sharp rise in coronavirus infections since most Covid-19 restrictions were lifted in California a month earlier.

The new order will require everyone, regardless of whether they are vaccinated, to wear face coverings in most indoor public places. It takes effect at 11:59 p.m. on Saturday. Some exceptions will apply, similar to those in place for much of the past year, including for restaurants. No businesses are being ordered to reduce capacity or close.

Read More ->

Write to paul.larkins@wsj.com TODAY IN CANADA

Earnings:

None scheduled

Economic Indicators (ET):

0815 Jun Housing Starts

0830 May International transactions in securities

0830 May Wholesale trade

Stocks to Watch:

Methanex and Mitsui O.S.K. Lines: Announce Agreement on Key Comml Terms for a Strategic Partnership; Parties Concluded Key Comml Terms for Purchase and Sale of Equity Position In, Establishment of Strategic Partnership Involving Methanex's; MOL Will Acquire a 40% Minority Interest in WFS for $145 Million; Methanex Will Retain Remaining 60% Majority Interest in WFS and Continue to Operate WFS as Key Element of Its Global Supply Chain Capabilities

Molson Coors: Reinstates Payment of Regular Qtrly Div; Repays in Full $1 Billion 2.1% Senior Notes Due on July 15; Reaffirms 2021 Fincl Outlook; 2021 Net Sales Revenue in Mid-Single Digit Increase Versus 2020 on a Constant Currency Basis; Intend to Maintain Investment Grade Rating as Demonstrated by Continued Deleveraging; Expect to Achieve Net Debt to Underlying EBITDA Ratio of Approximately 3.25x by End of 2021 and Below 3.0x by End of 2022

Other News:

Canada Eyes Reopening Border to U.S. Tourists in Mid-August

Canada could start allowing Americans into the country for recreational or tourist activities starting in mid-August, Justin Trudeau's office said late Thursday. The border has been closed to most Americans since March 2020, when the Covid-19 pandemic prompted travel restrictions.

The reopening date is conditional on Canada's vaccination rollout maintaining its current accelerated pace and new, confirmed Covid-19 cases remaining at some of the lowest levels in the developed world, according to a statement that summarized a teleconference between Mr. Trudeau and the country's provincial and territorial leaders.

Mr. Trudeau told the premiers that Canadian and U.S. officials are in talks about reopening their 5,500-mile land border to tourists and that Canada could be in a position to start allowing fully vaccinated U.S. citizens and U.S. permanent residents into Canada as of mid-August for nonessential travel, according to the statement.

---

Canadian Graves of Indigenous Found With Help From Oral Histories

Oral histories of children being awakened in the middle of the night to help dig graves, along with a juvenile rib bone and a tooth that had previously been found near a former government-funded boarding school for indigenous children, were part of the evidence that led to the discovery of about 200 unmarked graves near Kamloops, in the western Canadian province of British Columbia, the researcher who led the work said.

Dr. Sarah Beaulieu from the University of the Fraser Valley said there were also depressions in the ground in an area where survivors and knowledge keepers from the Tk'emlúps te Secwe pemc community recalled burials taking place. She said her work used ground-penetrating radar to detect changes in the soil to identify probable gravesites on the property of the Kamloops Indian Residential School, which operated between 1890 and 1978, and it is possible additional graves will be found.

"This investigation has barely scratched the surface," Dr. Beaulieu said during a public event in Kamloops on Thursday, noting that her research looked at just under 2 acres of the school's full 160-acre property. She said it was already known that children went missing at residential schools, and technology like ground-penetrating radar "merely provides some spatial specificity to this truth."

Expected Major Events for Friday

08:00/ITA: May Foreign Trade EU

08:30/UK: Apr Card Spending statistics

08:59/JPN: Japan Monetary Policy Meeting decision

12:15/CAN: Jun Housing Starts

12:30/CAN: May International transactions in securities

12:30/US: Jun Advance Monthly Sales for Retail & Food Services

12:30/CAN: May Wholesale trade

14:00/US: May Manufacturing & Trade: Inventories & Sales

14:00/US: Jul University of Michigan Survey of Consumers - preliminary

14:00/US: Jun State Employment and Unemployment

20:00/US: May Treasury International Capital Data

All times in GMT. Powered by Kantar Media and Dow Jones.

Expected Earnings for Friday

ASA Gold & Precious Metals Ltd (ASA) is expected to report for 2Q.

Acme United (ACU) is expected to report $0.93 for 2Q.

Ames National (ATLO) is expected to report for 2Q.

CCA Industries (CAWW) is expected to report for 2Q.

Camber Energy Inc (CEI) is expected to report for 4Q.

Camber Energy Inc (CEI) is expected to report for 1Q.

Charles Schwab (SCHW) is expected to report $0.62 for 2Q.

Chino Commercial Bancorp (CCBC) is expected to report for 2Q.

Cryo-Cell International Inc (CCEL) is expected to report for 2Q.

Emclaire Financial (EMCF) is expected to report for 2Q.

First Horizon Corp (FHN) is expected to report $0.39 for 2Q.

InnovAge Holding Corp (INNV) is expected to report for 4Q.

Kansas City Southern (KSU) is expected to report $2.16 for 2Q.

Medley Management Inc (MDLYQ) is expected to report for 1Q.

Provident Bancorp Inc (PVBC) is expected to report for 2Q.

Republic Bancorp Inc (RBCAA) is expected to report $1.11 for 2Q.

Second Sight Medical Products Inc (EYES) is expected to report for 1Q.

Sequential Brands Group Inc (SQBG) is expected to report for 1Q.

Sonoma Pharmaceuticals Inc (SNOA) is expected to report for 4Q.

State Street Corp (STT) is expected to report $1.78 for 2Q.

Wayne Savings Bancshares Inc (WAYN) is expected to report for 2Q.

Powered by Kantar Media and Dow Jones.

ANALYST RATINGS ACTIONS

Acutus Medical Raised to Buy From Hold by Canaccord Genuity

Advanced Micro Devices Raised to Neutral From Sell by Citigroup

EOG Resources Cut to Sector Perform From Sector Outperform by Scotiabank

First Industrial Cut to Sector Weight From Overweight by Keybanc

This article is a text version of a Wall Street Journal newsletter published earlier today.

(END) Dow Jones Newswires

07-16-21 0609ET

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