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☆ Canada spies found China 'clandestinely and deceptively' interfered in last two elections
▼ + stars: | 2024-04-09 | by ( ) www.cnbc.com time to read: +1 min

Canada's domestic spy agency concluded that China interfered in the last two elections, an official probe heard on Monday, the firmest evidence so far of suspected Chinese meddling in Canadian politics. Canada's domestic spy agency has concluded that China interfered in the last two elections, based on the firmest evidence so far of suspected Chinese meddling in Canadian politics. Under pressure from opposition legislators unhappy about media reports on China's possible role, Trudeau set up a commission into foreign interference. "We know that the PRC (Peoples' Republic of China) clandestinely and deceptively interfered in both the 2019 and 2021 elections," it said. "State actors are able to conduct foreign interference successfully in Canada because there are few legal or political consequences.

Persons: Justin Trudeau's, Trudeau, Erin O'Toole Organizations: Justin Trudeau's Liberal Party, Canadian Security Intelligence Service, Peoples, Global News, Conservatives, CSIS Locations: China, Peoples ' Republic of China, PRC, Canada

☆ Trudeau Meets to Rally Ministers, Lawmakers Around Key Issues as Reelection Support Sags
▼ + stars: | 2024-01-22 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +3 min

Conservative leader Pierre Poilievre would clobber Trudeau if an election were held today, according to an Angus Reid Institute poll published on Monday. Fewer than three-in-five (57%) of those who voted Liberal in 2021 say they would do so again, the pollster said. "This cabinet retreat is focused on issues as important as housing affordability and housing accessibility," Public Safety Minister Dominic LeBlanc told reporters late on Sunday. While president, Trump forced the renegotiation of the North American trade pact, a vital agreement for the Canadian economy. Last week, Trudeau said a second Trump presidency would be challenging and would reflect "a lot of anguish and fury."

Persons: Steve Scherer OTTAWA, Justin Trudeau, Pierre Poilievre, clobber Trudeau, Angus Reid, Marc Miller, Dominic LeBlanc, Anita Anand, Donald Trump, Trump, Francois, Philippe Champagne, We've, Champagne, Trudeau, Steve Scherer, Bill Berkrot Organizations: Canadian, Conservative, Angus, Angus Reid Institute, Liberal, Public, North, Industry, Trump Locations: Montreal, Ottawa, United States, North American, U.S, Canada

☆ Man charged in alleged plot by Indian government official to assassinate U.S. citizen
▼ + stars: | 2023-11-29 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

(Photo by Kevin Dietsch/Getty Images)Federal prosecutors on Wednesday announced murder-for-hire charges against a man related to an alleged plot by an Indian government official to assassinate a U.S. citizen in New York City. Nikhil Gupta, a 52-year-old Indian national, is charged in federal court in Manhattan with two criminal counts related to the ultimately foiled murder plot, a newly unsealed court filing shows. The Indian government official who allegedly directed the murder plot has called himself a "Senior Field Officer" with responsibilities in "Security Management" and "Intelligence," according to the DOJ. Gupta allegedly then helped broker a deal for the Indian government official to pay the purported hitman $100,000 for the assassination. The government official fed personal information about the victim to Gupta and asked for regular updates about the progress of the murder plot.

Persons: Hunter Biden, Biden's, Biden, Kevin Dietsch, Nikhil Gupta, Gupta, Gurpatwant Singh Pannun, Hardeep Singh Nijjar, Justin Trudeau, Nijjar, William Burns, National Intelligence Avril Haines Organizations: U.S . Department of Justice, The Justice Department, ., Department of Justice, New York City ., New York Times, Washington Post, Justice, DOJ, Indian, Intelligence, U.S, Sikh, New, Canadian, CIA, National Intelligence, Indian Embassy Locations: WASHINGTON, DC, Washington ,, U.S, New York City, Manhattan, Czech Republic, Punjab, India, British Columbia, Canada, New Delhi

☆ Explainer: What is Alberta's Sovereignty Act?
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +4 min

Below are some key aspects of the act:WHAT IS THE ALBERTA SOVEREIGNTY ACT? Alberta Sovereignty Within a United Canada Act was approved by the legislature in December 2022 after the initial bill was diluted to its current form. The act affirmed that the Alberta legislature, not Smith's cabinet, would have the last word on lawmaking. The Sovereignty Act was one of the most eye-catching policies Smith promised to introduce after becoming premier last year. Former conservative premier Jason Kenney has blasted the Alberta Sovereignty Act as a "full-frontal attack on the rule of law" that risked turning Alberta into a "banana republic".

Persons: Danielle Smith, Todd Korol, Justin Trudeau's, Smith, " Smith, Trudeau, Jason Kenney, Denny Thomas, Rod, Deepa Babington, Aurora Ellis Organizations: Calgary Stampede, REUTERS, Smith's United Conservative Party, Liberal, ACT, Alberta, United, First Nations, Ottawa, federal National Energy Program, Wildrose Party, Reuters, Former, Thomson Locations: Alberta, Calgary , Alberta, Canada, ALBERTA, United Canada, Saskatchewan, Alberta . Alberta, Ottawa

☆ Alberta to invoke controversial law to resist Canada's energy policy
▼ + stars: | 2023-11-25 | by ( ) www.reuters.com time to read: +2 min

Alberta has long been at odds with Prime Minister Justin Trudeau's Liberal government over energy policy. "We have been trying to work collaboratively with them on aligning their targets with our targets," Smith said on Saturday said on the radio program "Your Province. We have to have an affordable grid, and we're going to make sure that we defend our constitutional jurisdiction to do that." The Trudeau government's clean electricity regulations are designed to create a net-zero emissions power grid by 2035 by putting limits on when and how emitting power sources, such as Alberta's natural gas-burning plants, can be used starting in 2035. Reporting by Nivedita Balu in Toronto; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Danielle Smith, Justin Trudeau's, Smith, Steven Guilbeault, Trudeau, Nivedita Balu, Leslie Adler Organizations: TORONTO, Justin Trudeau's Liberal, Alberta, Canada's, United, Thomson Locations: Alberta, Province, United Canada, Toronto

Breton also is co-chair of a government working group on charging infrastructure. "People seem to forget that the backbone of the infrastructure is not public charging, it's home charging," Breton said. 'SERIOUS CHALLENGE'Breton said that 30% of the cost of installing a home EV charging station in the U.S. is covered by a federal tax credit, while California residents can receive rebates for upgrading charging stations and electric panels. Most Canadians drive short distances to work, meaning that public charging is mainly necessary for longer-haul travellers, Breton said. Canada had 19 EVs per public charging point in 2022, while the number was 24 in the U.S., according to the Paris-based International Energy Agency.

Persons: Chris Helgren, Justin Trudeau's, Canada's, Daniel Breton, Breton, Brian Kingston, Kingston, Joanna Kyriazis, Rod Nickel, Denny Thomas, Paul Simao Organizations: Volkswagen, Canadian, REUTERS, Companies Parkland Corp, Justin Trudeau's Liberal, Infrastructure Bank, Parkland Corp, EV, Electric Mobility Canada, Natural Resources, International Energy Agency, Clean Energy Canada, Simon Fraser University, Canadian Vehicle Manufacturers ' Association, Thomson Locations: Toronto , Ontario, Canada, WINNIPEG , Manitoba, British Columbia, Canadian, Parkland, Breton, U.S, California, Natural Resources Canada, Paris, Vancouver, Ottawa, Winnipeg , Manitoba

OTTAWA, Nov 21 (Reuters) - Canada's annual inflation rate eased more than expected to 3.1% in October and core inflation measures edged down to their lowest levels in about two years, data showed on Tuesday, likely closing the door to further rate hikes. The Bank of Canada (BoC) targets 2% annual inflation. "If the door wasn't already shut to additional rate hikes, it now should be." The bank projects inflation to hover around 3.5% until mid-2024, before trickling down to its 2% target in late 2025. Dragging the annual inflation rate in October was a 7.8% drop in gasoline prices, which benefited from comparison with a price surge in October 2022.

Persons: Royce Mendes, Simon Harvey, Chrystia Freeland, Justin Trudeau's, Ismail Shakil, Steve Scherer, Dale Smith, Fergal Smith, Divya Rajagopal, Chizu Organizations: OTTAWA, Reuters, Statistics, Bank of Canada, BoC, CPI, Desjardins Group, Canadian, Justin Trudeau's Liberal, Thomson Locations: Statistics Canada, Europe, Canada, Ottawa, Toronto

☆ Canada to add spending for housing amid slow growth and high debt payments
▼ + stars: | 2023-11-21 | by ( Steve Scherer | ) www.reuters.com time to read: +3 min

Canada's Deputy Prime Minister and Minister of Finance Chrystia Freeland attends the Canada-CARICOM Summit in Ottawa, Ontario, Canada October 18, 2023. Housing Minister Sean Fraser on Monday confirmed the government is considering such a measure. Many Canadians are dealing with higher living costs and housing affordability has emerged as the main criticism against the government. Freeland has promised to use the FES to try to boost housing supply and to help Canadians struggling with inflation. The Bank of Canada hiked rates to a 22-year high of 5.00% between March of last year and July of this year.

Persons: Finance Chrystia Freeland, Blair Gable, Chrystia Freeland, Justin Trudeau's, Freeland, Derek Holt, Holt, Sean Fraser, Trudeau, Pierre Poilievre, Steve Scherer, Matthew Lewis Organizations: Finance, Canada, CARICOM, REUTERS, OTTAWA, Canada Finance, Justin Trudeau's Liberal, Scotiabank, Canadian Broadcasting Corp, Toronto Star, Housing, Monday, Conservative, Bank of Canada, Reuters, Thomson Locations: Ottawa , Ontario, Canada, FES, United States, Ottawa

Experts say Trudeau's carbon pricing scheme, known as the carbon tax, works well and cannot be easily replaced. Even the left-leaning New Democrats, who support Trudeau's government in parliament and have previously defended the carbon tax, are calling for the exemption. Analysts said the carbon tax carve-out is another example of inconsistent policy. CARBON TAX REBATEThe carbon tax is intended to discourage use of fossil fuels and accelerate a switch to clean energy, but the recent carve-out underlines how fragile climate policy is in the face of pressing political calculations. In September, Bank of Canada governor Tiff Macklem said the carbon tax contributes about 0.15 percentage points to the inflation rate, which was 3.8% that month.

Persons: Justin Trudeau, Jessica Lee, Richard Brooks, Brooke, Brooks, Chris Severson, Baker, Pierre Poilievre, clobber Trudeau, Shachi Kurl, Angus Reid, Kurl, Jonathan Wilkinson, Wilkinson, Macklem, Trudeau, Robert Asselin, Asselin, Nia Williams, Steve Scherer, Josie Kao Organizations: Canada's, Ontario Chamber, Economic Summit, REUTERS, Rights Ottawa, Canadian, Provincial, New Democrats, Pembina Institute, Liberal, Conservative, Angus Reid Institute, Atlantic, Natural Resources, Reuters, Bank of Canada, Business Council of Canada, The Business Council, Thomson Locations: Toronto , Ontario, Canada, Ottawa

☆ Canada warns of economic uncertainty if Alberta quits national pension plan
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Susana Vera/File Photo Acquire Licensing RightsOTTAWA, Nov 3 (Reuters) - Canada will face rising economic uncertainty if the province of Alberta carries out a threat to withdraw from the Canada Pension Plan (CPP), federal Finance Minister Chrystia Freeland said on Friday. Alberta Finance Minister Nate Horner later on Friday said the province would not leave fellow Canadians without a stable pension and its associated benefits. "For the past several weeks, Alberta has been having an open discussion about the possibility of establishing an Alberta Pension Plan that will benefit our seniors and workers," he said. The so-called Alberta Pension Protection Act would require Albertans to vote in favor of a pension plan for the province during a public referendum before the provincial government would seek to withdraw assets, the statement said. "Alberta would need to negotiate complex time-consuming portability agreements with the CPP and with the Quebec Pension Plan," she said.

Persons: Finance Chrystia Freeland, Susana Vera, Chrystia Freeland, Freeland, Nate Horner, Justin Trudeau's, Danielle Smith's, Smith, Trudeau, Pierre Poilievre, Maiya Keidan, David Ljunggren, Kirsten Donovan, Paul Simao Organizations: Finance, IMF, World Bank, REUTERS, Rights OTTAWA, Canada, federal, Alberta, Liberal, Danielle Smith's United Conservative Party, Conservative Party, Thomson Locations: Marrakech, Morocco, Canada, Alberta, Quebec, Toronto, Ottawa

OTTAWA, Nov 2 (Reuters) - The Canada Energy Regulator (CER) on Thursday ordered the Trans Mountain oil pipeline expansion project to stop work in a wetland area near Abbotsford, British Columbia, after inspectors found several environmental and safety-related non-compliances. Trans Mountain Corp, the Canadian government-owned corporation building the expansion project, said the order applies to a specific work area of about 800 metres. Work on the oil pipeline expansion project is more than 95% complete, Trans Mountain said. Prime Minister Justin Trudeau's Liberal government bought the pipeline in 2018 to ensure the expansion project went ahead. In 2021, Trans Mountain was ordered to stop work for four months to protect hummingbird nests along a one-kilometer section of its route.

Persons: Justin Trudeau's, Ismail Shakil, Nia Williams, Leslie Adler, Diane Craft, Aurora Ellis Organizations: OTTAWA, Canada Energy Regulator, Canadian, Trans Mountain Corp, U.S ., Justin Trudeau's Liberal, Thomson Locations: Abbotsford, British Columbia, Alberta, Coast, Asia, U.S . West Coast, Trans

Amid the economic turmoil of the pandemic, his government racked up Canada's highest ever deficit. Failing to curb spending now risks "the market dictating to you what you have to do with fiscal policy," said Doug Porter, chief economist at BMO Capital Markets. "I do think they have to trim the sails a bit," he added. "It's going to be easier to get inflation down if monetary and fiscal policy are rowing in the same direction," Macklem said. Fitch Ratings stripped Canada of its triple-A credit rating in June 2020, citing pandemic spending.

Persons: Justin Trudeau, Doug Porter, Chrystia Freeland, Katherine Cuplinskas, Trudeau, Macklem, Desjardins, Randall Bartlett, Simon Deeley, Robert Asselin, DBRS Morningstar, Julia Smith, Steve Scherer, Fergal Smith, Denny Thomas, Josie Kao Organizations: OTTAWA, Trudeau's Liberal, BMO Capital Markets, Finance, International Monetary Fund, of Canada's, BoC, UK, RBC Dominion Securities Inc, New, Business Council of Canada, Fitch, Moody's Investors, Canada, Thomson Locations: Canada, FES, Germany, High, Ottawa, Toronto

Matthew Perry was mourned on social media by friends, co-stars and some very famous fans, including his childhood classmate, Canadian Prime Minister Justin Trudeau, his “Friends” mom Morgan Fairchild and even Adele. Trudeau, who attended elementary school with Perry while their parents worked together, wrote a tribute on X, formerly Twitter. “I’ll never forget the schoolyard games we used to play, and I know people around the world are never going to forget the joy he brought them,” Trudeau wrote. Perry once hosted the show, in 1997, which featured one sketch where he played Matt LeBlanc’s character Joey and Colin Quinn played Chandler. “All of us loved Matthew Perry, and I did especially.

Persons: Matthew Perry, Justin Trudeau, Morgan Fairchild, Adele, Perry, Chandler Bing, Trudeau, “ I’ll, ” Trudeau, Matthew, ”, Trudeau's, Pierre Trudeau, she’d, Matt LeBlanc’s, Joey, Colin Quinn, Chandler, Fairchild, ’, Perry’s, John Bennett Perry, Maggie Wheeler, Janice, ” Selma Blair, ” Blair, Matty, Sweet, Wendell Pierce, “ Matthew Perry, ” Shannen Doherty, Matt, ” Doherty Organizations: Canadian, Hollywood Locations: Los Angeles, Las Vegas, Beverly, Malibu, Formosa

[1/6] Cast member Matthew Perry attends the premiere of the film "17 Again" in Los Angeles April 14, 2009. "We are incredibly saddened by the too soon passing of Matthew Perry," NBC Entertainment said. The Los Angeles Times and TMZ.com, both citing unnamed law enforcement sources, reported that the American-Canadian performer was found dead in a hot tub or jacuzzi. As a youngster, Perry became a top-ranked junior tennis player before moving to Los Angeles to pursue acting and improvisational comedy. Reporting by Steve Gorman in Los Angeles; Additional reporting by Ismail Shakil in Ottawa; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

Persons: Matthew Perry, Phil McCarten, Chandler Bing, Perry, Perry's, Chandler, Jennifer Aniston, Courteney Cox, David Schwimmer, Matt LeBlanc, Lisa Kudrow, Monica Geller, Cox, Rachel, Joey, Ross, Matthew, Matty, I've, Sunshine, Ally McBeal, Pierre Trudeau, Trudeau's, Justin Trudeau, Trudeau, Steve Gorman, Ismail Shakil, Raju Gopalakrishnan Organizations: REUTERS, NBC, NBC Entertainment, Los Angeles Times, HBO Max, New York Times, Canadian, Thomson Locations: Los Angeles, Canadian, Palisades, Manhattan, U.S, Beverly Hills, Massachusetts, Ottawa

☆ Canada top court to get first woman majority bench with Trudeau's new nominee
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +2 min

A worker raises a Canadian flag in front of the Supreme Court building in Ottawa March 21, 2014. Moreau was most recently the chief justice of Alberta's superior court, and has worked in that court for 29 years. She will fill a vacancy on the Supreme Court created by the resignation of Russell Brown in June. In June 2021, Mahmud Jamal became the first judge of color to sit on the Supreme Court, and a year later Michelle O'Bonsawin became the first Indigenous person to join it. To fill the current vacancy, the appointment needed to be from western Canada or northern Canada to meet regional representation requirements.

Persons: Chris Wattie, Justin Trudeau, Mary Moreau, Moreau, Russell Brown, Arif Virani, Trudeau, Mahmud Jamal, Michelle O'Bonsawin, Mary T, I’m, Ismail Shakil, Jonathan Oatis Organizations: REUTERS, Rights OTTAWA, Canadian, Alberta, University of Alberta, Universite de Sherbrooke, of Canada, Thomson Locations: Ottawa, Edmonton , Alberta, Quebec, Canada

☆ Canada cuts some consular services in India amid murder row
▼ + stars: | 2023-10-20 | by ( Yp Rajesh | ) www.reuters.com time to read: +3 min

A man on a bicycle passes by the Canadian High-Commision in New Delhi, India, September 20, 2023. The announcements affecting consulates in Bengaluru, Chandigarh and Mumbai came hours after Foreign Minister Melanie Joly said Canada has withdrawn 41 diplomats from India. Despite the dispute, two senior Indian government sources told Reuters the uproar would not spill into a trade dispute or impact investment, with imports from Canada continuing to flow. India has dismissed as absurd Trudeau's suspicions that its agents were linked to the murder of Nijjar, 45, a Canadian citizen whom New Delhi had labelled a terrorist. The Indian foreign ministry defended its downsizing of Canada's diplomatic presence and rejected Joly's statement that it violated the Vienna convention on diplomatic relations.

Persons: Anushree, Melanie Joly, Justin Trudeau, Hardeep Singh, Nijjar, YP Rajesh, Neha Arora, Nikunj, Andrew Cawthorne Organizations: Canadian, REUTERS, Reuters, Canada, Canadian High Commission, Immigration, Citizenship Canada, YP, Thomson Locations: New Delhi, India, DELHI, Canada, British Columbia, Bengaluru, Chandigarh, Mumbai, Ottawa, Hardeep Singh Nijjar, Canadian, Vienna

☆ Canada pulls 41 diplomats from India as bilateral tensions escalate over Sikh killing
▼ + stars: | 2023-10-20 | by ( Clement Tan | ) www.cnbc.com time to read: +1 min

Heavy security deployed at High Commission of Canada on September 19, 2023 in New Delhi, India. Canada has pulled 41 diplomats and their families from India, after New Delhi threatened to have their diplomatic immunities revoked if Ottawa did not comply with demands for parity in diplomatic staffing. The move effectively slashed Canada's diplomatic numbers in India — its largest source of new migrants — by about two-thirds. India's Ministry for External Affairs did not immediately respond to a CNBC request for comment after office hours. Tensions between the two countries escalated in September when Canadian Prime Minister Justin Trudeau's claimed there were "credible allegations" the Indian government orchestrated the extra-judicial slaying of a Sikh separatist in Canada.

Persons: Justin Trudeau's Organizations: High Commission, Canada, Ottawa, Canadian Foreign Ministry, India's, Affairs, CNBC, Canadian Locations: New Delhi, India, Canada, India —, Bengaluru, Chandigarh, Mumbai

☆ Canada has withdrawn 41 diplomats from India - foreign minister
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +1 min

OTTAWA, Oct 19 (Reuters) - Canada has withdrawn 41 diplomats from India amid a dispute over the murder of a Sikh separatist leader, Foreign Minister Melanie Joly said on Thursday, adding that Ottawa would not take retaliatory steps. Joly said India had threatened to unilaterally revoke the diplomats' official status by Friday unless they left. "Given the implications of India's actions on the safety of our diplomats, we have facilitated their safe departure from India," she told a news conference. "If we allow the norm of diplomatic immunity to be broken, no diplomats anywhere on the planet would be safe. India has dismissed as absurd Trudeau's suspicions that its agents were linked to the murder of Nijjar, a Canadian citizen whom New Delhi had labeled a "terrorist."

Persons: Melanie Joly, Joly, Justin Trudeau, Hardeep Singh Nijjar, Nijjar, David Ljunggren, Leslie Adler, Jonathan Oatis Organizations: OTTAWA, Ottawa, Thomson Locations: Canada, India, Vienna, New Delhi, Ottawa, Vancouver suburb, Canadian

OTTAWA, Oct 19 (Reuters) - Canada has withdrawn 41 diplomats from India amid a dispute over the murder of a Sikh separatist leader, Foreign Minister Melanie Joly said on Thursday, adding that Ottawa would not take retaliatory steps. Joly said India had threatened to unilaterally revoke the diplomats' official status by Friday unless they left. "Given the implications of India's actions on the safety of our diplomats, we have facilitated their safe departure from India," she told a press conference. Canada now has 21 diplomats in India. Immigration Minister Marc Miller said the diplomats' departure meant Canada would slash the number of embassy staff dealing with immigration.

Persons: Melanie Joly, Justin Trudeau, Hardeep Singh Nijjar, Joly, Nijjar, Marc Miller, David Ljunggren, Leslie Adler, Jonathan Oatis Organizations: OTTAWA, Ottawa, Immigration, Thomson Locations: Canada, India, New Delhi, Ottawa, British Columbia, Vienna, Canadian

OTTAWA, Oct 13 (Reuters) - Canada's Supreme Court on Friday ruled a federal law assessing how major infrastructure projects like coal mines and oil sands plants impact the environment is largely unconstitutional, in a blow to Prime Minister Justin Trudeau's government. "This is a significant setback for the federal government," said David Wright, a law professor at the University of Calgary. "The court has said the federal government can enact environmental assessment legislation but the way they went about it, for most of this law, goes too far." The IAA was drafted by Trudeau's Liberal government in 2019 in a bid to streamline and restore trust in the environmental approval process for major projects. Last year the federal government warned Suncor the environmental impact from expanding Base Mine would be "unacceptable" under the IAA because expected carbon emissions were too high.

Persons: Justin Trudeau's, Bill C, Richard Wagner, David Wright, Wright, Danielle Smith, Trudeau, Mike Martens, Major, Ismail Shakil, Nia Williams, David Ljunggren, Deborah Kyvrikosaios, Richard Chang Organizations: OTTAWA, Alberta, University of Calgary, IAA, Trudeau's Liberal, Liberals, Industry, Independent Contractors, Association Alberta, Thomson Locations: Canada, Ottawa, Alberta

☆ Analysis: Canada may struggle to recoup $26 billion cost of Trans Mountain pipeline
▼ + stars: | 2023-10-12 | by ( Nia Williams | ) www.reuters.com time to read: +5 min

Prime Minister Justin Trudeau's Liberal government bought Trans Mountain in 2018 for C$4.5 billion to rescue the expansion project, which has struggled with years of regulatory delay and massive cost overruns. A Reuters survey of five analysts and investors valued Trans Mountain between C$15 billion and C$25 billion, based on factors including projected earnings and oil shipping tolls. Trans Mountain Corp (TMC) CEO Dawn Farrell told local media last week the sale could wrap up by early 2025, just as Canada heads into a federal election. Trans Mountain offers strategic value as it is the only pipeline taking crude from Canada's oil patch to the Pacific, and on to Asian refining markets. "It's hard to imagine...that a pipeline like Trans Mountain would ever be built again," Poscente said.

Persons: Justin Trudeau's, Ryan Bushell, Dawn Farrell, Michael Dunn, Paul Poscente, Poscente, Pembina, Scott Burrows, Enbridge, Marc Weil, Dave Szybunka, Szybunka, Rod Nickel, Steve Scherer, Denny Thomas, Marguerita Choy Organizations: Ottawa, Justin Trudeau's Liberal, Reuters, Newhaven Asset Management, Trans Mountain Corp, Mountain, Cenovus Energy, Nations, Axxcelus, Chinook, Pembina Pipeline Corp, Indigenous Pipeline, TC Energy, Keystone, TC, Canoe Financial, Thomson Locations: Canada, Alberta, Trans, Newhaven, Pembina, U.S, Gulf, Calgary, Winnipeg, Ottawa

☆ Analysis: Canada's Trudeau, far behind in polls, remains the Liberals' best chance
▼ + stars: | 2023-10-11 | by ( Steve Scherer | ) www.reuters.com time to read: +4 min

[1/3] Canada's Prime Minister Justin Trudeau speaks at the close of the Seventh Assembly of the Global Environment Facility (GEF) in Vancouver, British Columbia, Canada August 25, 2023. Right now, most opinion polls show Trudeau significantly trailing his newest rival, Conservative leader Pierre Poilievre. But none are perceived to be as scrappy and determined at retail politics as Trudeau is, Liberal insiders and pollsters say. No Canadian prime minister since Wilfrid Laurier in 1908 has won four consecutive elections. In 2015, Ekos had the Liberals down 22 percentage points in the spring and Trudeau won a majority in the fall.

Persons: Justin Trudeau, Chris Helgren, Liberal Party's, Trudeau, Pierre Poilievre, Chrystia Freeland, Mark Carney, Wilfrid Laurier, Frank Graves, I'm, HOUDINI, Poilievre, Angus Reid, Shachi Kurl, Darrell Bricker, It's, Ekos, We've, we've, Kurl, Houdini, Steve Scherer, David Ljunggren, Denny Thomas, David Gregorio Our Organizations: Seventh Assembly of, Global Environment, REUTERS, Rights OTTAWA, Canadian, Liberal, Conservative, Conservatives, Liberal Party, Ekos Research, Angus Reid Institute, Liberals, Ipsos Public Affairs, Thomson Locations: Vancouver , British Columbia, Canada, Trudeau's, British Columbia, New Delhi

In Canada, homeowners can take out five-year mortgages, unlike in the U.S. where customers can snag a 30-year mortgage. In some cases, renewed home loan rates could reach 7%, which would push up the average Canadian mortgage by at least a few hundred dollars per month, mortgage brokers estimate. Canadians are already struggling to repay their debts amid high costs of living and rising interest rates. "This dramatic rise in bond yields means that when the computer chugs along and sets up the rates for next week, they will be using higher rates based on these high bond yields," Toronto-based mortgage broker Ron Butler said. He suggests that the spike in bond yields over the past month could on average add C$600 in monthly payments.

Persons: Lars Hagberg, Daniel Vyner, Wowa, Ron Butler, Justin Trudeau's, Hanif Bayat, Butler, Nivedita Balu, Fergal Smith, Denny Thomas, Josie Kao Organizations: REUTERS, Rights, Capital, Bank of, Canada Mortgage, Housing Corp, Bank of Canada, Mortgage Professionals Canada, Thomson Locations: Ottawa , Ontario, Canada, U.S, Toronto

In that case, Britain accused Russia of an assassination attempt on its soil and expelled 23 Russian diplomats from the country. For its part, the U.S. expelled 60 Russian diplomats and ordered the closure of Russia's consulate in Seattle in solidarity with its British ally. If asked by Canada to expel a large number of Indian diplomats, these officials said, the U.S. would have little choice but to comply. This week, India told Canada to remove 41 of its 62 diplomats in the country, ramping up the confrontation. Trudeau and other Canadian officials, including Foreign Minister Melanie Joly, have hinted that Canada won't take reciprocal measures.

Persons: —, Biden, Justin Trudeau's, Narendra Modi, Joe Biden, Sergei Skripal, Trudeau, “ I’m, we're, ”, Danny Russel, Barack Obama’s, Modi, Melanie Joly Organizations: WASHINGTON, Publicly, Canadian, U.S, NATO, Asia Society Policy Locations: Canada, India, U.S, Vancouver, Russia, Iran, Saudi Arabia, North Korea, Pacific, United States, Ukraine, China, Australia, Japan, Salisbury, England, Britain, Seattle, St . Petersburg, Indian, British, New York, New Zealand, New Delhi, Washington

RAW Chief Ravi Sinha, the only serving official publicly affiliated with the agency, did not return messages seeking comment. All six officials denied that RAW engages in targeted killings, noting that the agency has no mandate for such operations. Fallout from the Vancouver incident has also raised concerns that RAW will come under greater global monitoring, Indian intelligence officials and analysts said. "The current developments have undoubtedly increased global curiosity about RAW," said Dheeraj Paramesha Chaya, an expert on Indian intelligence at Britain's Hull University. "Our footprint is growing in parts of the world which were not important earlier," a recently retired senior RAW official said, without providing specifics.

Persons: Blair Gable, Justin Trudeau's, Hardeep Singh, RAW's, Narendra Modi, Ravi Sinha, Sinha, Ajit Doval, Paramesha, Trudeau, David Headley, Headley, Adrian Levy, Levy, Modi, Krishn Kaushik, Sanjeev Miglani, Katerina Ang Organizations: High Commission of, REUTERS, Canadian, Reuters, RAW, National, Britain's Hull University, Ottawa, Washington Post, MUMBAI RAW, Indian Foreign Ministry, Indian, Islamabad, American Embassy, Intelligence Bureau, Hull, Canadian Broadcasting Corporation, India deniability, South, CIA, U.S . Council, Foreign Relations, PRS, Thomson Locations: High Commission of India, Ottawa , Ontario, Canada, DELHI, Pakistan, Sri Lanka, Nepal, Vancouver, India, Ottawa, Mumbai, West, Delhi, China, Washington, U.S, MUMBAI, Islamabad, North America, Chicago, United States, London, Britain, Australia, South Asia, Europe, Southeast Asia, New Delhi

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