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☆ Canadian lake sediments reveal start of Earth's Anthropocene age, scientists say
▼ + stars: | 2023-07-11 | by ( David Stanway | ) www.reuters.com time to read: +5 min

Presence of plutonium and other evidence was found in core samples of the Crawford Lake sediments. The Anthropocene epoch is proposed as a chapter in Earth's history reflecting the transformation of the planet's climate and ecology as a result of human activity. The Anthropocene epoch has not yet been formally recognised by a scientific body called the International Commission on Stratigraphy. The scientists obtained core samples of sediment at Crawford Lake and sediments, soils, corals and ice samples at the other 11 sites. Crawford Lake sediments provided a record of accelerating changes that have unfolded in the past few decades, including traces of fly ash produced by burning fossil fuels.

Persons: Crawford, Colin Waters, we've, Waters, Francine McCarthy, Andrew Cundy, Bill Laurance, David Stanway, Will Dunham Organizations: University of Leicester, International, Crawford Lake, Brock University, Industrial, University of Southampton, James Cook University, Thomson Locations: Crawford, Canada's Ontario, Toronto, Britain, Canada, Australia, Singapore

NEW YORK, June 20 (Reuters) - Savers Value Village (SVV.N) said on Tuesday it aims to raise up to nearly $320 million for an initial public offering that would value the U.S. thrift store operator at about $2.7 billion. Savers Value Village, owned by private equity firm Ares Management Corp (ARES.N), plans to sell up to 18.8 million shares at $15 to $17 apiece, regulatory filings showed. Based in Bellevue, Washington, Savers Value Village is one of the largest retailers of secondhand clothing, books, toys, shoes and household goods, with 317 stores in the United States and Canada. Revenue totaled $1.44 billion in 2022, up 19% from the prior year, while net income was flat at $84.7 million. Ares Management will retain an 88% stake in Savers Value Village after the IPO.

Persons: Morgan, Jefferies, Goldman Sachs, Chibuike Oguh, Lance Tupper, Richard Chang Organizations: YORK, Energy, Kodiak Gas Services, reinsurer Fidelis Insurance Holdings, Ares Management Corp, Revenue, Management, Canada's, Norges, Investment Management, J.P, UBS, underwriters, New York Stock Exchange, Thomson Locations: Cava, Bellevue , Washington, United States, Canada, Canada's Ontario, New York

TORONTO, Jan 16 (Reuters) - Canada's most populous province, Ontario, plans to significantly expand its use of private providers to perform public health services, the premier said on Monday, in a bid to deal with backlogs and delays in a healthcare system strained by the coronavirus pandemic. Nova Scotia Premier Tim Houston told Global News on Sunday that Canada’s healthcare system is "on the ropes." Canada's publicly-funded healthcare system has in the past been seen by some as a model system. But critics and public health advocates have argued expanding the use of private providers is a step towards privatizing the public health system and risks cannibalizing a healthcare workforce already facing a shortage. The Ford government has said it has no plans to privatize the healthcare system.

☆ Ontario Teacher's pension fund to write down investments of $95 mln in FTX
▼ + stars: | 2022-11-17 | by ( ) www.reuters.com time to read: 1 min

Nov 17 (Reuters) - Canada's Ontario Teachers' Pension Plan said on Thursday it will be writing down about $95 million of investments it had made in bankrupt cryptocurrency exchange FTX Group by the end of the year. Reporting by Leroy Leo in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ Canada's Ontario to extend gas, fuel tax cut for a year
▼ + stars: | 2022-11-13 | by ( ) www.reuters.com time to read: +1 min

TORONTO, Nov 13 (Reuters) - The Ontario government said on Sunday it will extend a fuel and gas tax cut first introduced last spring by another year to help residents cope with high inflation and economic uncertainty. The initial six-month cut went into effect in July and legislation to extend it to December 2023 will be introduced on Monday in the government's fall economic update. Some forecasters expect Canada's economy to dip into recession next year along with a downturn in global activity. The Bank of Canada has raised interest rates aggressively this year to tackle persistent inflation, which has eased slightly from a peak of 8.1%. Writing by Amran Abocar Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

Bankman-Fried said he was in talks with "a number of players" in the crypto sector, including Justin Sun who is the founder of crypto token Tron, after a potential rescue deal with larger rival Binance fell apart. He also said his firm Alameda Research, which sources have said was partly behind FTX's problems, was winding down trading. FTX's native token, FTT , is down more than 90% this week and was attempting to steady around $3.50. Another exchange, OKX, said it had been approached earlier in the week by Bankman-Fried, who described liabilities of $7 billion that needed covering fast. Bankman-Fried said FTX.US, the U.S. operations of the exchange, however, had not been financially impacted.

FTX head Sam Bankman-Fried said he was "exploring all the options", but fading hopes for rescue left FTX teetering. A message on the FTX website said: "FTX is currently unable to process withdrawals. "The dagger will continue to hang over the crypto market, as long as the outlook of FTX's fate remains unclear." 'CONFIDENCE CRISIS'There are also early signs that the fallout could spread beyond crypto markets, with jittery stockmarkets sliding on Wall Street overnight. Most crypto players remain bullish about the long term, but are braced for further falls in the near future.

He is seeking the remainder from other funds, including current investors in FTX such as venture capital fund Sequoia Capital, the source added. Bankman-Fried told investors that Alameda owes FTX about $10 billion, the Wall Street Journal reported. FTX had lent more than half of its customer funds to Alameda, the newspaper said. The U.S. securities regulator is investigating FTX.com's handling of customer funds and crypto-lending activities, according to a source with knowledge of the inquiry. Canada's Ontario Teachers Pension Plan, Tiger Global and Japan's Softbank are also FTX investors.

☆ Education workers agree to end strike in Canada's Ontario
▼ + stars: | 2022-11-07 | by ( Ismail Shakil | ) www.reuters.com time to read: +2 min

OTTAWA, Nov 7 (Reuters) - Striking education sector workers in Canada's most populous province agreed to return to work after the Ontario government on Monday offered to rescind a controversial law that imposed a contract on the workers and outlawed strikes. The Ontario government's offer to repeal the law was hailed as a victory by workers, which include educational assistants, secretaries and library workers. "I'm glad CUPE has agreed to withdraw its strike action so kids can return to class," Ford said in a tweet. "We'll be back at the table to negotiate a fair deal — for students, parents, workers and taxpayers." Reporting by Ismail Shakil in Ottawa; editing by Deepa Babington, Grant McCool and Richard ChangOur Standards: The Thomson Reuters Trust Principles.

☆ Canada's Ontario ups foreign home buyers speculation tax to 25%
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +1 min

Oct 25 (Reuters) - The Ontario government said on Tuesday it was raising the real estate speculation tax for foreign buyers to 25% from 20% under a plan to tackle a housing crisis in Canada's most populous province. "For too many Ontarians, including young people, newcomers and seniors, finding the right home is still too challenging," provincial Housing Minister Steve Clark said in a statement. Ontario, home to Canada's financial capital of Toronto, is projected to have more new households than new homes by 2030, according to Canada's national housing agency. The 25% tax rate would be applicable across the province and is designed to discourage foreign speculation in Ontario's housing market, the provincial government said in the statement. To curb speculation, the federal government has also put in place a temporary ban on foreign buyers starting in January.

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