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Canada

Canada optimistic about digital services tax agreement with US

October 31, 2023
Canada optimistic about digital services tax agreement with us - photo licensed by shore news network.

OTTAWA (Reuters) – Canadian Finance Minister Chrystia Freeland said on Tuesday she was cautiously optimistic about settling a dispute with the United States about Ottawa’s …

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Canada August retail sales down 0.1%, boost expectations of rate pause

October 20, 2023
Canada august retail sales down 0. 1%, boost expectations of rate pause - photo licensed by shore news network.

OTTAWA (Reuters) – Canadian retail sales fell by 0.1% in August from July and look set to stay flat in September, Statistics Canada said on …

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Canada’s Conservative leader urges rejection of RBC’s offer for HSBC Canada -media

October 19, 2023
Canada's conservative leader urges rejection of rbc's offer for hsbc canada -media - photo licensed by shore news network.

(Reuters) – Pierre Poilievre, Canada’s Conservative party leader, called for the federal government to reject Royal Bank of Canada’s C$13.5 billion ($9.84 billion) offer to …

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Dabur India’s units face lawsuits in US, Canada alleging products caused cancer

October 18, 2023

(Reuters) – Dabur India said on Wednesday its subsidiaries were among companies sued in the U.S. and Canada by customers alleging that the use of …

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Rio Tinto cuts Canada iron ore production estimate on extended plant outage

October 16, 2023October 16, 2023
Rio tinto cuts canada iron ore production estimate on extended plant outage - photo licensed by shore news network.

By Rishav Chatterjee (Reuters) -Rio Tinto reported a rise in quarterly output across its copper and aluminium portfolios on Tuesday, sending its shares 3% higher, …

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Canada says humanitarian access to Gaza is imperative -PM Trudeau

October 16, 2023
Canada says humanitarian access to gaza is imperative -pm trudeau - photo licensed by shore news network.

OTTAWA (Reuters) – Canada is deeply concerned by the dire and worsening crisis in Gaza and wants a humanitarian corridor to be opened into the …

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Canada regulator to make preliminary decision on Trans Mountain expansion tolls

October 12, 2023
Canada regulator to make preliminary decision on trans mountain expansion tolls - photo licensed by shore news network.

By Ismail Shakil and Nia Williams OTTAWA (Reuters) – The Canada Energy Regulator (CER) said on Thursday it will make a preliminary decision on Trans …

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Air Canada sued by Miami-based Brink’s in relation to $17 million gold and cash heist

October 11, 2023
Air canada sued by miami-based brink's in relation to $17 million gold and cash heist - photo licensed by shore news network.

(Reuters) – Air Canada has been sued by Miami-based transport and security services provider Brink’s, which alleged the airline of “negligence and carelessness” related to …

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Canada welcomes panel directing US to review softwood lumber policy

October 5, 2023October 5, 2023
Canada welcomes panel directing us to review softwood lumber policy - photo licensed by shore news network.

(Reuters) – Canada welcomed on Thursday a trade dispute panel ruling which said the U.S. should review parts of its policy on softwood lumber which …

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Canada apologizes for honor awarded to ex-Nazi soldier in 1987

October 4, 2023
Canada apologizes for honor awarded to ex-nazi soldier in 1987 - photo licensed by shore news network.

By Ismail Shakil and Steve Scherer OTTAWA (Reuters) – Canada’s Governor General Mary Simon has apologized for a top Canadian honor awarded in 1987 to …

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Air Canada pilots stage protests in Toronto as contract deadline looms

September 29, 2023
Air canada pilots stage protests in toronto as contract deadline looms - photo licensed by shore news network.

By Shivansh Tiwary and Wa Lone (Reuters) -Air Canada pilots staged a protest at Toronto’s Pearson Airport on Friday, demanding better pay and benefits as …

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Sweden’s Northvolt to build $5.2 billion battery factory in Canada

September 28, 2023
Sweden's northvolt to build $5. 2 billion battery factory in canada - photo licensed by shore news network.

By Supantha Mukherjee and Divya Rajagopal STOCKHOLM/TORONTO (Reuters) – Swedish lithium-ion battery producer Northvolt said on Thursday it would open a $5.2 billion gigafactory in …

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Air Canada to operate as usual during informational picket by pilots union

September 27, 2023September 27, 2023
Air canada to operate as usual during informational picket by pilots union - photo licensed by shore news network.

(Reuters) – Air Canada said on Wednesday it will operate the airline as usual when its pilots conduct an informational picket at the company’s main …

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Enbridge C$4.6 billion equity sale raises hopes for Canada market revival

September 26, 2023
Enbridge c$4. 6 billion equity sale raises hopes for canada market revival - photo licensed by shore news network.

By Maiya Keidan TORONTO(Reuters) – A recent C$4.6 billion capital raise by Enbridge and a raft of new U.S. deals have spurred optimism for a …

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Air Canada to buy 18 Boeing 787 jets

September 25, 2023
Air canada to buy 18 boeing 787 jets - photo licensed by shore news network.

(Reuters) – Air Canada said on Monday it had signed an agreement with Boeing to buy 18 widebody 787 Dreamliner jets, as the carrier looks …

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Ukraine’s Zelenskiy to visit Canada, address parliament

September 21, 2023September 21, 2023
Ukraine's zelenskiy to visit canada, address parliament - photo licensed by shore news network.

By Kanishka Singh (Reuters) – Ukrainian President Volodymyr Zelenskiy will visit Canada to meet Prime Minister Justin Trudeau and address the Canadian parliament in Ottawa, …

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Bank of Canada struck intentionally hawkish tone after last rate decision – minutes

September 20, 2023
Bank of canada struck intentionally hawkish tone after last rate decision - minutes - photo licensed by shore news network.

By Steve Scherer and David Ljunggren OTTAWA, Sept 20 (Reuters) – The Bank of Canada wanted to send the message that interest rates would not …

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Canada says major grocery chains agree to help stabilize prices

September 18, 2023September 18, 2023
Canada says major grocery chains agree to help stabilize prices - photo licensed by shore news network.

By Steve Scherer and David Ljunggren OTTAWA (Reuters) – Canada’s five major grocery chains have agreed to help the government in its bid to stabilize …

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Canada trade minister is postponing a planned trade mission to India

September 15, 2023
Canada trade minister is postponing a planned trade mission to india - photo licensed by shore news network.

By Steve Scherer OTTAWA (Reuters) – Canadian Trade Minister Mary Ng is postponing a trade mission to India planned for October, an official said on …

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US State Dept OKs possible sale to Canada of drone munitions -Pentagon

September 15, 2023

WASHINGTON (Reuters) – The U.S. State Department has approved the possible sale to Canada of munitions and other systems to be integrated into MQ-9Bs drones …

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Nikola expands dealer network into Canada for its electric trucks

September 15, 2023
Nikola expands dealer network into canada for its electric trucks - photo licensed by shore news network.

(Reuters) – Nikola said on Friday it would expand its dealer network into Canada for heavy-duty truck sales in a partnership with trailer manufacturer ITD …

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Canada gov’t, pressured over housing shortage, tells cities to do more

September 13, 2023
Canada gov't, pressured over housing shortage, tells cities to do more - photo licensed by shore news network.

By David Ljunggren OTTAWA (Reuters) – The Canadian government of Prime Minister Justin Trudeau, under pressure over a lack of affordable housing, on Wednesday told …

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Canada PM Trudeau dismisses talk of stepping down, says much work to do

September 13, 2023September 13, 2023
Canada pm trudeau dismisses talk of stepping down, says much work to do - photo licensed by shore news network.

OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau on Wednesday brushed aside the idea that he might step down amid poor polling numbers, saying he …

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Canada plans incentives to ease housing burden – CBC

September 10, 2023
Canada plans incentives to ease housing burden - cbc - photo licensed by shore news network.

(Reuters) – Canada’s Housing Minister Sean Fraser is evaluating a wide range of options as he looks to ease the housing crisis in the country, …

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Canada gains 39,900 jobs in August, jobless rate holds at 5.5%

September 8, 2023September 8, 2023
Canada gains 39,900 jobs in august, jobless rate holds at 5. 5% - photo licensed by shore news network.

(Reuters) – Canada’s economy gained a net 39,900 jobs in August, largely in full-time work, and the jobless rate held at 5.5%, Statistics Canada data …

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Canada finance minister defends central bank independence after rate comment

September 6, 2023
Canada finance minister defends central bank independence after rate comment - photo licensed by shore news network.

(Reuters) – Canadian Finance Minister Chrystia Freeland defended the central bank’s independence on Wednesday after her comments welcoming the Bank of Canada’s decision not to …

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Bank of Canada holds interest rate 5%, warns of more tightening

September 6, 2023
Bank of canada holds interest rate 5%, warns of more tightening - photo licensed by shore news network.

TORONTO (Reuters) – The Bank of Canada on Wednesday held its key overnight interest rate at 5%, noting the economy had entered a period of …

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Canada to change how it counts foreign students, workers amid housing crunch

August 31, 2023
Canada to change how it counts foreign students, workers amid housing crunch - photo licensed by shore news network.

OTTAWA (Reuters) – Canada will change how it counts non-permanent residents, the main statistics agency said on Thursday, after an economist said the current methodology …

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Exclusive-Meta’s Canada news ban fails to dent Facebook usage

August 29, 2023
Exclusive-meta's canada news ban fails to dent facebook usage - photo licensed by shore news network.

By Katie Paul and Steve Scherer NEW YORK (Reuters) – Meta’s decision to block news links in Canada this month has had almost no impact …

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Canada to deny temporary residency to ex-Iran minister reportedly seen in Montreal

August 28, 2023

By Kanishka Singh (Reuters) – Canada will deny temporary residency to Iran’s former health minister Hassan Ghazizadeh Hashemi, Canadian Immigration Minister Marc Miller said on …

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Canada concerned about ‘integrity’ of student immigration system -minister

August 27, 2023
Canada concerned about 'integrity' of student immigration system -minister - photo licensed by shore news network.

OTTAWA (Reuters) – Canada is concerned about the overall integrity of the system that educates hundreds of thousands of international students and not just the …

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Canada July wholesale trade most likely rose 1.4% -Statscan flash estimate

August 25, 2023
Canada july wholesale trade most likely rose 1. 4% -statscan flash estimate - photo licensed by shore news network.

OTTAWA (Reuters) – Canadian wholesale trade most likely rose 1.4% in July from June, largely due to higher sales in the motor vehicle and motor …

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Canada says will join as third party in US-Mexico dispute over GM corn imports

August 25, 2023
Canada says will join as third party in us-mexico dispute over gm corn imports - photo licensed by shore news network.

(Reuters) – Canada said on Friday it will participate as a third party in the dispute settlement proceedings between the U.S. and Mexico regarding genetically …

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British Columbia lifts most travel restrictions as Canada wildfires ease

August 22, 2023
British columbia lifts most travel restrictions as canada wildfires ease - photo licensed by shore news network.

By Nia Williams (Reuters) – The government of British Columbia said it would largely lift travel restrictions to the province’s wildfire-hit interior on Tuesday, as …

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Canada July housing starts slip by 10%- CMHC

August 16, 2023August 16, 2023
Canada july housing starts slip by 10%- cmhc - photo licensed by shore news network.

(Reuters) – Canadian housing starts slipped by 10% in July compared with the previous month, which had produced the strongest figures in ten years, data …

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US, Canada issue new sanctions against top Russian ally Belarus

August 9, 2023August 9, 2023
Us, canada issue new sanctions against top russian ally belarus - photo licensed by shore news network.

By Kanishka Singh WASHINGTON (Reuters) -The United States and Canada issued new sanctions against Belarus on Wednesday, designating several entities and individuals over alleged human …

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Canada govt body guarantees up to $2.2 billion fresh loan to Trans Mountain expansion project

August 5, 2023
Canada govt body guarantees up to $2. 2 billion fresh loan to trans mountain expansion project - photo licensed by shore news network.

(Reuters) – A Canadian government agency has guaranteed fresh commercial loans of up to C$3 billion ($2.2 billion) to the controversial Trans Mountain pipeline expansion …

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National Bank to buy SVB’s Canada loan book to boost tech sector lending

August 1, 2023
National bank to buy svb's canada loan book to boost tech sector lending - photo licensed by shore news network.

By Nivedita Balu and Jaiveer Shekhawat (Reuters) -National Bank of Canada said on Tuesday it has agreed to buy collapsed U.S. regional lender Silicon Valley …

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Factbox-Key moves in Canada PM Trudeau’s cabinet shuffle

July 26, 2023
Factbox-key moves in canada pm trudeau's cabinet shuffle - photo licensed by shore news network.

OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau shuffled his cabinet on Wednesday, appointing new heads at 30 of the 38 ministries, adding seven new …

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Japan’s Nissan to adopt Tesla EV-charging design from 2025 in U.S., Canada

July 19, 2023July 19, 2023
Japan's nissan to adopt tesla ev-charging design from 2025 in u. S. , canada - photo licensed by shore news network.

(Reuters) – Nissan on Wednesday became the first Japanese automaker to agree to adopt Tesla’s electric-vehicle charging technology in the U.S. and Canada, joining global …

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Canada gives Toronto C$97 million to shelter asylum seekers

July 18, 2023
Canada gives toronto c$97 million to shelter asylum seekers - photo licensed by shore news network.

OTTAWA (Reuters) – The Canadian government, under pressure over images showing asylum seekers sleeping on the streets of Toronto, on Tuesday said it would give …

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Instant View: Canada annual inflation rate slows to 2.8% in June

July 18, 2023July 18, 2023
Instant view: canada annual inflation rate slows to 2. 8% in june - photo licensed by shore news network.

(Reuters) – Canada’s annual inflation rate slowed to 2.8% in June on lower prices for gasoline as a result of the base-year effect, while food …

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Analysis-Bank of Canada hones messaging as inflation defies forecasts

July 17, 2023July 17, 2023
Analysis-bank of canada hones messaging as inflation defies forecasts - photo licensed by shore news network.

By Steve Scherer and Fergal Smith OTTAWA (Reuters) – The Bank of Canada has shifted to a less prescriptive messaging strategy than it used in …

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Canada May factory sales up 1.2% on chemicals, autos

July 14, 2023
Canada may factory sales up 1. 2% on chemicals, autos - photo licensed by shore news network.

July 14 (Reuters) – Canadian factory sales grew by 1.2% in May from April on higher sales of chemical products, as well as motor vehicles, …

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US trade group blasts Canada for refusal to extend digital services tax freeze

July 13, 2023
Us trade group blasts canada for refusal to extend digital services tax freeze - photo licensed by shore news network.

WASHINGTON (Reuters) – The U.S.-based National Foreign Trade Council on Thursday blasted Canada for its refusal to back a global agreement to hold off on …

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J.P.Morgan, Goldman raise Canada central bank terminal rate forecast to 5.25%

July 13, 2023
J. P. Morgan, goldman raise canada central bank terminal rate forecast to 5. 25% - photo licensed by shore news network.

(Reuters) – J.P.Morgan and Goldman Sachs said on Wednesday they now expect the Bank of Canada (BoC) to deliver one last 25-basis point rate hike …

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Bank of Canada hikes growth forecast and says inflation slowing only gradually

July 12, 2023July 12, 2023
Bank of canada hikes growth forecast and says inflation slowing only gradually - photo licensed by shore news network.

OTTAWA, July 12 (Reuters)-The Bank of Canada (BoC) on Wednesday raised its growth forecast for this year to 1.8%, up from the 1.4% predicted in …

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Canada regulator proposes banks hold more capital to tackle mortgage risks

July 11, 2023July 11, 2023

(Reuters) -Canada’s banking regulator on Tuesday proposed changes to capital adequacy guidelines that would require lenders and mortgage insurers to hold more funds to better …

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Canada extends consultation period for RBC’s $13.5 billion bid for HSBC unit

July 10, 2023
Canada extends consultation period for rbc's $13. 5 billion bid for hsbc unit - photo licensed by shore news network.

TORONTO (Reuters) – Canada’s finance ministry has extended the consultation period for Royal Bank of Canada’s $13.5 billion proposed acquisition of HSBC’s Canadian unit by …

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Bank of Canada seen hiking rates quarter point to tame stubborn inflation

July 10, 2023
Bank of canada seen hiking rates quarter point to tame stubborn inflation - photo licensed by shore news network.

By Steve Scherer OTTAWA (Reuters) – The Bank of Canada (BoC) is heading toward a second consecutive quarter-point interest rate hike on Wednesday after a …

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