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☆ Where Protesters on U.S. Campuses Have Been Arrested or Detained
▼ + stars: | 2024-05-02 | by ( The New York Times | ) www.nytimes.com time to read: +2 min

Campuses Have Been Arrested or DetainedPolice officers and university administrators have clashed with pro-Palestinian protesters on a growing number of college campuses in recent weeks, arresting students, removing encampments and threatening academic consequences. More than 2,300 people have been arrested or detained on campuses across the country. Tenn. Texas Utah Vt. Va. Wash. W.Va. Wis. Wyo. Tenn. Texas Utah Vt. Va. Wash. W.Va. Wis. Wyo. Since then, tensions between protesters, universities and the police have risen, prompting law enforcement to take action in some of America’s largest cities.

Persons: Columbia Dartmouth Emerson Emory F.S.U, Conn ., South Carolina U.S.F ., Madison U.S.C, Austin U.T, Dallas V.C.U, Yale P.S.U, Iowa Kan Organizations: Protesters, Police, Cal Poly Humboldt Case, Columbia Dartmouth, Fordham Indiana Univ . New, State Northeastern Northern Ariz ., State Northeastern Northern Ariz . Univ . Ohio State Princeton Stony, State Northeastern Northern Ariz . Univ . Ohio State Princeton Stony Brook New Paltz Tulane U.C.L.A, Buffalo Univ, Arizona Univ, Conn . Univ, Minnesota U.N.H, New Mexico Notre Dame Univ, South Carolina U.S.F, Tennessee Univ, Utah U.W, Virginia Tech, Yale, Pitt Univ, Virginia Art, Hawaii Idaho Ill, N.D . Ohio Okla, Columbia University Locations: U.S, N.Y.C . N.C, State Northeastern Northern, State Northeastern Northern Ariz . Univ, State Northeastern Northern Ariz . Univ . Ohio State Princeton Stony Brook, Hill, Arizona, Colorado, Conn, Florida, Georgia, Illinois U.M.W, Minnesota, New Mexico, South Carolina, Tennessee, Utah, U.T, Virginia, Michigan, Chicago Ala . Alaska, Calif, Colo, Del, Fla . Ga, Hawaii Idaho, Ind, Iowa, Ky, La . Maine Md, Mass, Mich, Minn, Miss, Mo, Mont, Neb, N.H . N.J, N.M, N.Y, N.C, N.D . Ohio, N.D . Ohio Okla ., Pa, S.D . Tenn . Texas Utah, Va, Wash, W.Va . Wis, Wyo, A.S.U, Gaza, America’s

☆ F.D.A. Approves Antibiotic for Increasingly Hard-to-Treat Urinary Tract Infections
▼ + stars: | 2024-04-24 | by ( Andrew Jacobs | ) www.nytimes.com time to read: +1 min

The Food and Drug Administration on Wednesday approved the sale of an antibiotic for the treatment of urinary tract infections in women, giving U.S. health providers a powerful new tool to combat a common infection that is increasingly unresponsive to the existing suite of antimicrobial drugs. The drug will be marketed in the U.S. as Pivya and will be made available by prescription to women 18 and older. It is the first time in two decades that the F.D.A. has approved a new antibiotic for U.T.I.s, which annually affect 30 million Americans. is committed to fostering new antibiotic availability when they prove to be safe and effective.”

Persons: U.T.I.s, Dr, Peter Kim Organizations: Drug Administration, Drug, Research Locations: Europe, U.S

☆ Suncor tops profit estimates on strong refining margins
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +2 min

The Suncor Energy logo is seen at the company's head office in Calgary, Alberta, Canada, April 17, 2019. REUTERS/Chris Wattie/File Photo Acquire Licensing RightsNov 8 (Reuters) - Canada's Suncor Energy (SU.TO) beat market estimates for third-quarter profit on Wednesday, helped by strong refining margins and higher sales volumes from its oil sands operations. Refinery throughput declined marginally to 463,200 barrels per day (bpd) compared with a year earlier. Its net production of synthetic crude, a processed form of raw and heavy bitumen, rose to 469,300 bpd, compared with 405,100 bpd a year ago, due to lower maintenance activities. The company reported a net profit of C$1.54 billion, compared with a year-ago loss of C$609 million when it was hit by impairment charges.

Persons: Chris Wattie, Cenovus, Suncor, Mrinalika Roy, Sourasis Bose, Shilpi Majumdar Organizations: REUTERS, Energy, Thomson Locations: Calgary , Alberta, Canada, Saudi Arabia, Russia, U.S, Norway, Terra Nova, Bengaluru

☆ Canada gov't vows draft law soon to tackle inflation, housing crisis
▼ + stars: | 2023-09-18 | by ( Steve Scherer | ) www.reuters.com time to read: +2 min

A for sale sign is displayed outside a home in Toronto, Ontario in Toronto, Ontario, Canada December 13, 2021. Prime Minister Justin Trudeau last week announced a tax break designed to boost the construction of new rental apartment buildings and relieve pressure on the Canadian housing market. Later on Monday, the heads of major grocery chains will meet government ministers who are demanding to see a plan to counter soaring food prices. Canadian retailers say they are not to blame for surging food prices, and instead point to food manufacturers and producers for passing on higher costs to the grocers. The grocery chains attending the meeting in Ottawa are Loblaws (L.TO), Sobeys (EMPa.TO), Metro (MRU.TO), Walmart (WMT.N) and Costco (COST.O), which together represent 80% of the Canadian market.

Persons: Carlos Osorio, Justin Trudeau, Chrystia Freeland, Trudeau, Karina Gould, Steve Scherer, David Ljunggren, Bernadette Baum Organizations: REUTERS, Rights, Liberal, Finance, Competition, Conservatives, Metro, Walmart, Costco, Thomson Locations: Toronto , Ontario, Canada, Ottawa

Prime Minister Justin Trudeau said on Thursday he had invited the heads of Canada's five largest grocery chains, including Sobeys (EMPa.TO), Metro (MRU.TO) and Loblaw (L.TO), to Ottawa next week to discuss how they planned to control sky-rocketing food prices. Trudeau's move comes when governments across the globe, especially in Europe, have expressed concern over soaring food prices as they seek to address a cost-of-living crisis that has intensified after the pandemic subsided and since the Russia-Ukraine war began. However, after a similar move from the French government in June, analysts were skeptical about Trudeau's warning. They argued it was a "political" tactic and might be ineffective in lowering lingering food inflation. "Both PM Justin Trudeau and François-Philippe Champagne (Canada's industry minister) spoke tough about this topic and it is difficult to envision what teeth they have to hold grocers accountable," said Ben Jang, portfolio manager at Nikola Wealth.

Persons: Justin Trudeau, Trudeau's, François, Philippe Champagne, Ben Jang, Michael Ashley Schulman, Allan Small, Granth Vanaik, Pooja Desai Organizations: Metro, Loblaw, Nikola Wealth, Running, Capital Advisors, iA, Wealth, Carrefour, Lipton, Nestle, PepsiCo, Unilever, Thomson Locations: Ottawa, Europe, Russia, Ukraine, Bengaluru

☆ Why Does Duke Have So Few Low-Income Students?
▼ + stars: | 2023-09-07 | by ( David Leonhardt | Graphics Ashley Wu | ) www.nytimes.com time to read: +31 min

Duke students, she thought, seemed more well rounded than students on some other campuses. I think it was me being a little bit naïve.” Other Duke students who identify as F.G.L.I. At Duke — as well as elite colleges that admit more low-income students — their graduation rate tends to be similar to the overall graduation rate. Over the past decade, as other elite colleges paid more attention to low-income students, they wooed some who once might have attended Duke. “Duke students are really oriented to the world,” she said.

Persons: Ben Denzer, Perkins, Duke, ” Juliana Alfonso, DeSouza, ”, Stephany Perez, Sanchez, University of Chicago —, Pell, Duke Duke, Melinda French Gates, Adam Silver, ” Gary Bennett, Grant, Bates, Brown, Pell Grant, ” Bennett, we’re, Ithaka, Yale Conn, —, Juliana Alfonso, Juliana, Duke Rice, Austin U.N.C, “, Karen Dong, ” Dong, ” Randi Jennings, Dong, Duke’s F.G.L.I, Duke —, ” Jennings, Randi, Jennings, Alfonso, David M, Rubenstein, “ It’s, ” Alfonso, Colleges don’t, Bennett, Caroline Hoxby, Christopher Avery, Louis, Holden Thorp, ” Thorp, Ron Daniels, Johns Hopkins, ” Daniels, Catharine Bond Hill, Thorp, Hopkins, Michael Bloomberg, Johns, “ Duke Organizations: Duke University, Perkins, Ivy League, Stanford, Massachusetts Institute of Technology, University of Chicago, Harvard, Yale, Princeton, Columbia, Pell Grants, Duke, Pell Grants Harvard, Penn, Cornell, Dartmouth, Brown, Chicago, U.S . News, Colleges, Midwest, California Institute of Technology, Notre Dame, Bucknell, Georgia Tech, Oberlin, Reed, Tufts, Tulane, Wake, Universities, Wall Street Journal, University of California, University of South, College, Princeton N.J, Pomona Calif, Dartmouth N.H, Stanford Calif, Caltech Calif, Amherst Mass, Grinnell Iowa, Claremont McKenna, Vanderbilt, Opportunity, Elite, Spurs, Texas North, Southern Methodist University, Davidson, California Massachusetts, Stanford Harvard, Berkeley UMass Amherst, Amherst College Pomona, University of Texas, parka, Mardi Gras, Daily, West Union, LIFE, Uber, ” Colleges, Washington University, Hopkins, Vassar College, Johns Hopkins, University of Michigan, University of Virginia, University Locations: San Antonio, South Carolina, M.I.T, United States, Durham, N.C, Georgetown, Georgia, California, San Diego, U.C.L.A, University of South Dakota, University of South Florida, America, Middlebury, Northwestern, Pomona, Swarthmore, Harvard, Texas North Carolina, Texas, Canada, Myrtle Beach, Dallas, China, New Orleans, Irish, Camden , N.J, “, St, Johns Hopkins, Wash

☆ Exclusive: Canada oil sands carbon capture project struggles to get key contract
▼ + stars: | 2023-09-05 | by ( Steve Scherer | ) www.reuters.com time to read: +4 min

The mechanism gives investors in CCS certainty about their future revenue by setting a minimum price for their carbon credits. Oil companies in the country's highest-emitting sector are counting on CCS to help dramatically cut emissions while continuing to pump oil and gas. Carbon credits represent reduced or avoided carbon emissions, and companies use them to mitigate greenhouse gases they generate. The government has told Pathways that the Growth Fund may not be equipped to handle some projects, said the Pathways representative who asked not to be named. Canada set up the Growth Fund last year, which is run through the Public Sector Pension Investment Board, a federal Crown corporation.

Persons: Suncor, Todd Korol, Justin Trudeau, Jessica Eritou, Adam Auer, Steve Scherer, Denny Thomas, Josie Kao Organizations: Rights, Pathways Alliance, Reuters, Finance Ministry, U.S, Alliance CCS, Canadian Natural Resources, Suncor Energy, Cenovus Energy, ConocoPhillips, MEG Energy, Public Sector Pension Investment Board, Crown, Cement Association of Canada, Thomson Locations: Fort McMurray , Alberta, Canada, U.S, ConocoPhillips Canada

☆ US FTC secures settlement with ICE, Black Knight over $11.7 bln deal
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +2 min

[1/2] A screen displays the logo for Black Knight on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2022. REUTERS/Brendan McDermid Acquire Licensing RightsAug 31 (Reuters) - The U.S. Federal Trade Commission (FTC) on Thursday said it had secured a settlement resolving antitrust concerns over NYSE-owner Intercontinental Exchange's (ICE.N) proposed purchase of data vendor Black Knight (BKI.N). The proposed settlement ensures Black Knight's divestiture of Empower and Optimal Blue, two businesses that provide services in the mortgage origination process, the FTC said. Black Knight said in mid-July it would sell its Optimal Blue business for $700 million. Optimal Blue provides data and technology to price and trade mortgages.

Persons: Knight, Brendan McDermid, Henry Liu, Joe Biden, Jasper Ward, David Ljunggren, Cynthia Osterman, Bill Berkrot Organizations: New York Stock Exchange, REUTERS, U.S . Federal Trade Commission, NYSE, Intercontinental, FTC, Competition, Constellation Software, Constellation Web Solutions, ICE, Thomson Locations: New York City, U.S, FTC's

☆ The Persistent Confusion Around the U.T.I.
▼ + stars: | 2023-07-31 | by ( Alisha Haridasani Gupta | More About Alisha Haridasani Gupta | ) www.nytimes.com time to read: +2 min

can occur anywhere along the urinary tract, which includes the urethra, bladder, the kidneys and, in men, the prostate, Dr. Kim said. For an issue to be considered a U.T.I., a patient must show some symptoms and have confirmed bacteria in their urine. might be in the kidneys, which would make it a more acute case that can lead to sepsis and kidney damage, though those outcomes are “very, very rare,” Dr. Kim said. “I don’t have a study to quote you that says peeing after sex or before sex reduces infections,” he said. But some women never develop U.T.I.s with increased sexual activity, even if they don’t urinate before or after.

Persons: Kim, Dr, Gupta, U.T.I.s, Benjamin Brucker, ” Organizations: NYU Langone

☆ Suncor says unauthorized party obtained Petro-Points members' basic contact data
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +1 min

July 6 (Reuters) - Canadian energy firm Suncor Energy (SU.TO) on Thursday said that due to a cyber security incident on June 21, unauthorized party obtained Petro-Points members' basic contact information. "Based on our investigation to date, we determined that our IT network was accessed by an unauthorized party on or about June 21," the company said. "We are notifying Petro-Points members and the appropriate privacy regulators. If we discover additional information was obtained, we will notify affected parties as appropriate," Suncor said. The company noted that the cyber security incident has not impacted the safety and reliability of its field operations.

Persons: Suncor, Ashitha, Marguerita Choy Organizations: Suncor Energy, Petro, Canada, U.S, Thomson Locations: Canada, Bengaluru

☆ Suncor Energy says it experienced a cybersecurity incident
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +1 min

Companies Suncor Energy Inc FollowJune 25 (Reuters) - Canadian energy firm Suncor (SU.TO) on Sunday said it experienced a cybersecurity incident, adding that some transactions with customers and suppliers could be impacted while they investigate and resolve the situation. "At this time, we are not aware of any evidence that customer, supplier or employee data has been compromised or misused as a result of this situation," the company said in a statement. Suncor's operations include oil sands development, production, offshore oil and gas, petroleum refining in Canada and the U.S, including the company's Petro Canada retail and wholesale distribution networks. The Canadian Centre for Cyber Security had earlier said it was aware of reports of an incident affecting Petro Canada but said it did not generally comment on "specific cybersecurity incidents." Reporting by Seher Dareen and Swati Verma in Bengaluru and Raphael Satter Editing by Christopher Cushing and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Seher Dareen, Swati Verma, Raphael Satter, Christopher Cushing, Louise Heavens Organizations: Suncor Energy, company's Petro Canada, Canadian Centre for Cyber Security, Petro Canada, Thomson Locations: Canada, Petro, Bengaluru

☆ Allied to sell UDC portfolio to KDDI Corp for C$1.35 bln
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +1 min

June 21 (Reuters) - Allied Properties Real Estate Investment Trust (AP_u.TO) on Wednesday said it has entered into an agreement to sell its urban datacenter portfolio to Japanese telecommunications provider KDDI Corporation (9433.T) for C$1.35 billion ($1.02 billion). The portfolio comprises Toronto's 151 Front Street West and 905 King Street West, along with a leasehold interest in 250 Front Street West. Allied will use around C$1 billion of the sale proceeds to retire debt and the balance to fund its upgrade and development activity over the remainder of 2023 and into 2024, the company said. Scotiabank, CBRE and Aird & Berlis LLP are advisers to Allied for the transaction, while BofA Securities, Borden Ladner Gervais LLP and Nishimura & Asahi are acting as advisers to KDDI. ($1 = 1.3222 Canadian dollars)(This story has been corrected to change to Canadian dollar from U.S. dollar throughout and adds conversion)Reporting by Pratyush Thakur in Bengaluru; Editing by Dhanya Ann Thoppil and Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

Persons: Berlis, Borden Ladner Gervais, Pratyush Thakur, Dhanya Ann Thoppil, Pooja Desai Organizations: Real, Investment Trust, KDDI Corporation, King Street, West, Scotiabank, BofA Securities, Borden Ladner Gervais LLP, Nishimura, Asahi, Thomson Locations: CBRE, Bengaluru

☆ U.S. refiners build new oil processing as travel rises
▼ + stars: | 2023-05-16 | by ( Erwin Seba | ) www.reuters.com time to read: +3 min

HOUSTON, May 16 (Reuters) - U.S. oil refiners aim to run at up to 94% of a total 17.9 million barrels per day processing capacity this quarter, according to company forecasts and analysts, driven in part by expectations of seasonal travel demand. This quarter is traditionally one of the year's hottest for demand as companies build gasoline and jet fuel output for the summer vacation season. He estimates refiners overall will run at 94% utilization rate this quarter, matching the 2017-19 average for the period. High prices will keep U.S. refinery utilization rates at levels near last year's about 91.7% this year and next, the U.S. Energy Information Administration forecast in January. Refiners will add the capacity to process an additional 328,000 bpd in this quarter, increasing gasoline and diesel supplies this summer.

☆ Alberta wildfire shuts in at least 2% of Canadian energy production
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +4 min

It added that about 50,000 boepd of production has been temporarily curtailed since the evening of May 5. Crescent Point Energy Corp (CPG.TO)Crescent Point said about 45,000 boepd of production in the Kaybob Duvernay region has been temporarily shut in with a plan to restart production once safe and permitted to do so. NuVista Energy Ltd (NVA.TO)The company said it has temporarily shut in and depressured all operations proximal to the ongoing fires in the Grande Prairie region. Vermilion Energy Inc (VET.TO)Vermilion Energy said it had temporarily shut in about 30,000 boepd of production and that it was assessing the risk to its operations. Cenovus Energy Inc (CVE.TO)Cenovus said it has shut-in production and brought plants down in some areas of its conventional business.

The justices turned away five appeals by the oil companies of lower court decisions that determined that the lawsuits belonged in state court, a venue often seen as more favorable to plaintiffs than federal court. A separate appeal filed by the oil companies challenging lower court decisions in cases out of New Jersey and Delaware is still pending before the Supreme Court. Theodore Boutrous, an attorney for Chevron, expressed confidence that the cases will be dismissed in state court. That decision prompted other federal appeals courts to reconsider whether they should send similar lawsuits by state and local governments back to state courts. Four other appeals courts reached similar conclusions in the lawsuits by Rhode Island and jurisdictions in California, Colorado, Hawaii and Maryland.

☆ Wall Street says TikTok CEO Shou Zi Chew had a 'disaster' day in Congress — but the internet is loving him
▼ + stars: | 2023-03-24 | by ( Reena Koh | Nidhi Pandurangi | ) www.businessinsider.com time to read: +6 min

On Thursday, TikTok CEO Shou Zi Chew appeared before the House Committee on Energy and Commerce. Wall Street slammed Chew's testimony, dubbing it a "disaster moment" for TikTok. The video has over 1.2 million views, over 215,000 likes, and a range of comments expressing their approval for Chew. Two days before the Congressional hearing, TikTok's official account shared a rare video of Chew casually introducing himself to people. In the video, Chew gave context about the hearing and asked viewers to tell him what they enjoyed about the app.

☆ Shou Zi Chew: Who is the TikTok CEO testifying before Congress?
▼ + stars: | 2023-03-23 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Evelyn HocksteinMarch 23 (Reuters) - TikTok Chief Executive Shou Zi Chew has mostly kept a low profile since taking the job in 2021 but on Thursday he is testifying before U.S. lawmakers, many of them suspicious of the popular Chinese-owned social media app. Chew previously worked as an investment banker at Goldman Sachs and investment firm DST, which was an early backer of ByteDance, the company that owns TikTok. TikTok pointedly said in a letter to lawmakers last year that Chew was not from China and that the company is independent of ByteDance. Chew, who is married and has two children, raised his public profile last year by creating his own TikTok account, @shou.time. Chew has told media that TikTok does not threaten U.S. interests.

☆ Government vows aid for tech firms but Israel stocks slide on SVB collapse
▼ + stars: | 2023-03-12 | by ( Steven Scheer | ) www.reuters.com time to read: +5 min

Israel's tech sector is the country's main growth engine, and its relationship with the Silicon Valley region is strong. NextVision (NXSN.TA), a maker of micro stabilised cameras, said in a regulatory filing in Tel Aviv that it withdrew on Thursday almost all of the $2.7 million it held in SVB. The Tel Aviv index of the five largest banks (.TELBANK5) was down 4% in afternoon trading, while the index of eight insurers (.TAINS) fell 4.7%. Israel's two largest banks, Leumi (LUMI.TA) and Hapoalim (POLI.TA), said their tech banking arms would issue loans to startups and other tech firms that were without access to credit in the wake of SVB's collapse. Reporting by Steven Scheer; Editing by Hugh Lawson, Frank Jack Daniel and Raissa KasolowskyOur Standards: The Thomson Reuters Trust Principles.

☆ Israel stocks slip on SVB failure, government vows aid for tech firms
▼ + stars: | 2023-03-12 | by ( Steven Scheer | ) www.reuters.com time to read: +3 min

[1/2] A Tel Aviv Stock Exchange sign is seen at the bourse in Tel Aviv, Israel November 4, 2020. With Israel's trading week running Sunday through Thursday, it was the first opportunity for Tel Aviv investors to react to the failure of Silicon Valley Bank, the largest bank to fail since the 2008 financial crisis. Israel's tech sector is the country's main growth engine and its relationship with the Silicon Valley region is strong. NextVision (NXSN.TA), a maker of micro stabilised cameras, said in a regulatory filing in Tel Aviv that it withdrew on Thursday almost all of the $2.7 million it held in SVB. The Tel Aviv index of the five largest banks (.TELBANK5) was down 2.5% at midday, while the index of eight insurers (.TAINS) fell 4.2%.

Equinor became Europe's top natural gas supplier last year after exports from Russia were mostly choked off following Moscow's invasion of Ukraine. Europe cut demand, increased domestic output and imported liquefied natural gas (LNG) at huge cost in response to the drop in Russian gas supplies, which accounted for around half of the region's supply in 2021. "Trying to replace 150 billion cubic metres of (Russian) gas is a massive task. "The weather in Asia can set the gas price in Europe," Opedal said. Equinor produced over 2 million barrels of oil equivalent of oil and gas in 2022, when it reported a record adjusted operating profit of $75 billion on the back of soaring oil and gas prices.

"China was closed for months and just improving economic data gives buyers of commodity stocks confidence that those prices can hold, and as we know it is a good chunk of the TSX index," said Barry Schwartz, portfolio manager at Baskin Financial Services. The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended up 244.37 points, or 1.2%, at 20,581.58, its highest closing level since Feb. 16. Wall Street also advanced as U.S. Treasury yields eased and economic data helped investors look past the growing likelihood that the Federal Reserve will keep its restrictive policy in place for longer than anticipated. Sleep Country Canada Holdings Inc (ZZZ.TO) was up 5.9% after the company's fourth-quarter sales and earnings beat estimates. Reporting by Johann M Cherian in Bengaluru; Editing by Shilpi Majumdar and Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

☆ Rise in Canadian shareholder activism faces test next month with new rules in place
▼ + stars: | 2023-02-12 | by ( Maiya Keidan | ) www.reuters.com time to read: +4 min

The country has lagged the rising trend of activism seen globally, but that could be about to change, lawyers say. Some 53 Canadian companies faced activism campaigns in 2022, a 17.8% rise over the previous year, compared with a 10.6% rise in the U.S to 511, showed data from Insightia, a Diligent brand. Previously, shareholders could only vote 'for' a candidate or 'withhold' their vote, meaning a majority was not legally a necessity. While not enshrined in law, majority voting was often adopted by companies in their policy, prior to the change. And oil and mining companies could continue to be the sector that faces activism, say market participants.

☆ Energy, consumer weigh on Toronto stocks ahead of BoC decision
▼ + stars: | 2023-01-24 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

Jan 24 (Reuters) - Canada's main stock index fell on Tuesday, as energy and consumer discretionary stocks dragged the index lower ahead of the Bank of Canada's interest rate decision on Wednesday, while data showed U.S. business activity contracted. ET (1522 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was down 68.95 points, or 0.33%, at 20,562.63. Commodity-linked stocks took a dive, with both energy (.SPTTEN) and materials (.GSPTTMT) down 0.7% and 0.6%, respectively, as commodity prices slipped. Looking ahead, another interest rate hike by the Bank of Canada (BoC) is looming large, with traders leaning towards a 25-basis-point hike on Wednesday. The BoC had hiked its overnight lending rate all through 2022, with the current rate sitting at an over 16-year high.

It is planning to develop a CCS hub in northern Alberta, expected to cost C$16.5 billion ($12.3 billion) by 2030. Trudeau told Reuters in an interview earlier this month Alberta was "hesitating around investing in anything related to climate change". Canada is the world's fourth-largest producer of crude, most of which comes from Alberta's oil sands. The oil and gas sector is the country's highest-polluting industry and needs to drastically cut emissions if Canada is to achieve its climate commitments. 'NO TIME TO SLIP'The Pathways Alliance has already said Ottawa's goal of cutting oil and gas emissions 42% by 2030, equivalent to a 35-megatonne reduction, is impossible.

☆ Singapore's GIC, partner to buy Canadian REIT Summit for $3.3 bln
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +1 min

Nov 7 (Reuters) - Singapore's sovereign wealth fund GIC and Canada's Dream Industrial REIT (DIR_u.TO) will buy Canada's Summit Industrial Income REIT (SMU_u.TO) for about C$4.46 billion ($3.30 billion), excluding debt, the companies said in separate statements on Monday. GIC and Dream Industrial REIT (DIR) will form a joint venture for the deal, with GIC owning 90% and DIR owning the rest, according to the statements. The deal builds on GIC's recent real estate purchases globally and gives it access to the Canadian industrial space. In September, GIC, along with another private equity firm, bought U.S. commercial REIT Store Capital Corp (STOR.N) for about $14 billion. Including debt, the deal is valued at C$5.9 billion, Summit said.

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