TORONTO (AP) — Canadian Prime Minister Justin Trudeau said Thursday that China doesn’t get that Canada has an independent judicial system and reiterated that Beijing imprisoned two Canadians in retaliation for the arrest of a top Huawei executive.
Trudeau said Canada will continue to press Beijing to release Michael Kovrig and Michael Spavor, both detained since December 2018 in what is widely seen as retaliation for Canada’s arrest of Chinese Huawei executive Meng Wanzhou, the daughter of the company’s founder.
Canadian police arrested Meng in Vancouver on a U.S. extradition request, and nine days later Kovrig and Spavor were arrested by the Chinese.
“We have seen Chinese officials linking those two cases from the very beginning. Canada has an independent judicial system that functions without interference or override by politicians,” Trudeau said.
“China doesn’t work quite the same the way and don’t seem to understand that we do have an independent judiciary from political intervention,” he said.
The U.S. is seeking Meng’s extradition on fraud charges and her extradition case is before the Canadian courts. Her arrest severely damaged relations between China and Canada. China has also sentenced two other Canadians to death and suspended canola imports.
Trudeau has come under increasing pressure to speak out against the Chinese regime by the opposition and others.
“We will continue to follow and uphold the independence of our judicial system while we advocate for the release of the two Michaels who have been arbitrarily detained by China in retaliation for a judicial system that is independent in the way it functions,” Trudeau said.
Neither Kovrig nor Spavor are being permitted visits from consular officials amid the pandemic, while Meng has been released on bail and is living in a luxurious Vancouver home while her extradition hearing plays out.
10 Oversold Stocks That Are Ready For a Comeback
A fundamental concept of investing is to buy stocks at a value. One strategy used by investors is to focus on stocks that are oversold. Fundamental analysis can give investors an idea of certain stocks to look at. However, momentum is also important. For that reason, investors look for technical indicators to help them find oversold stocks that might be ready for a comeback.
One of the most popular tools is the Relative Strength Index (RSI). The RSI is a momentum indicator that measures the velocity and magnitude of price movements. The index also compares them with the magnitude of average gains and average losses.
The formula for calculating RSI is as follows:
RSI = 100 – ( 100 / 1 + RS)
Where RS (Relative Strength) is the average gain divided by the average loss.
Investors can use virtually any timeframe they wish. One of the most common is a 14-day RSI. Decreasing the number of days makes the RSI more sensitive to price changes. Conversely increasing the number of days makes the indicator less sensitive to price changes.
Investors may have different overbought or oversold indicators, but standard benchmarks are a stock may be overbought if its RSI exceeds 70 and may be oversold if its RSI exceeds 30.
The stocks in this presentation are chosen for a variety of fundamental and technical indicators. And all the stocks have been affected in one form or another by the Covid-19 pandemic.
View the “10 Oversold Stocks That Are Ready For a Comeback”.
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