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☆ Canada's unprecedented housing crisis could be a warning sign for the US
▼ + stars: | 2023-11-22 | by ( Eliza Relman | ) www.businessinsider.com time to read: +7 min

The country is also almost certainly heading towards a recession — if it's not already in one — and the housing market is partly to blame, economists say. But immigration is just one of many factors at play — Canada's housing crisis far preceded the rise in immigration. Stillo believes Canada's housing bubble has been slowly "deflating" for the last 18 months, despite an upswing in prices earlier this year. But there isn't consensus on if and when Canada's housing bubble will burst — or even if there is a bubble. While housing prices have flattened recently as demand softens, he says they show no sign of significantly declining.

Persons: —, it's, Mosche Lander, haven't, Mike Moffat, Tony Stillo, Moffat, Lander, Stillo, they're Organizations: Service, Concordia University, Smart Prosperity, University of Ottawa, US, Oxford Economics, America, Bloomberg Locations: Canada, Canadian

☆ Lowe's cuts sales outlook as homeowners take on fewer projects; shares slide
▼ + stars: | 2023-11-21 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

Lowe's on Tuesday lowered its full-year sales outlook, after customers spent less on do-it-yourself projects and caused its fiscal third-quarter sales to tumble nearly 13% year over year. The home improvement retailer said it now anticipates sales will total about $86 billion for the fiscal year. It projects comparable sales will drop by about 5% this fiscal year, worse than a previously anticipated a decline of between 2% and 4%. In the third quarter, Lowe's net income was $1.77 billion, or $3.06 per share, compared with $154 million, or 25 cents per share in the year-ago period. Lowe's competitor, Home Depot, beat Wall Street's fiscal third-quarter earnings and revenue expectations last week, even as its sales fell 3% year over year.

Persons: Lowe's, Marvin Ellison, Ellison, Richard McPhail Organizations: Lowe's, Inc, Home Depot, Home Locations: LSEG, U.S

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

☆ Highlights of Canada's fall economic statement
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +3 min

Canada's Prime Minister Justin Trudeau and Finance Minister Chrystia Freeland walk holding the 2023-24 budget, on Parliament Hill in Ottawa, Ontario, Canada, March 28, 2023. REUTERS/Patrick Doyle/File Photo Acquire Licensing RightsOTTAWA, Nov 21 (Reuters) - Following are some of the commitments the Canadian government made in its Fall Economic Statement released on Tuesday. *invest an additional C$15 billion in new loan funding, starting in 2025-26, for the Apartment Construction Loan Program, for a total of more than C$40 billion in loan funding. This investment will support more than 30,000 additional new homes, bringing the contribution to more than 101,000 new homes supported by 2031-32. *propose to spend C$50 million over three years, starting in 2024-25, to support municipal enforcement of restrictions on short-term rentals.

Persons: Justin Trudeau, Chrystia Freeland, Patrick Doyle, Steve Scherer, David Ljunggren Organizations: Canada's, Finance, REUTERS, Rights OTTAWA, Affordable Housing Fund, Canadian Mortgage Charter, Canadian Radio, Telecommunications Commission, Canadian Transportation Agency, Canada Mortgage, Thomson Locations: Ottawa , Ontario, Canada

☆ Prince Harry drops the ceremonial puck during NHL game
▼ + stars: | 2023-11-21 | by ( George Ramsay | ) edition.cnn.com time to read: +1 min

CNN —Prince Harry and Meghan Markle watched on in Rogers Arena as the Vancouver Canucks defeated the San Jose Sharks on Monday. The Duke of Sussex also dropped the ceremonial puck ahead of the game, fist-bumping captains Quinn Hughes and Tomáš Hertl at center ice. “I actually had to tell him [to drop the puck] because he kept holding [it] and smiling,” Hertl told reporters after the game. Prince Harry and Meghan Markle watch the game from a VIP box in Rodgers Arena. Darryl Dyck/The Canadian Press/APThe Invictus Games, founded by Prince Harry and first staged in 2014, is an international sporting event involving military personnel injured in service.

Persons: Prince Harry, Meghan Markle, Duke, Quinn Hughes, Tomáš, ” Hertl, “, ” Prince Harry, Meghan, Darryl Dyck, Hughes, Sam Lafferty, Miller, Prince Harry’s, Queen Elizabeth II Organizations: CNN, Rogers Arena, Vancouver Canucks, San Jose Sharks, Rodgers, Canadian Press, Invictus, Canucks, Sharks Locations: Sussex, Vancouver, British Columbia, Australia, Netherlands, Germany, Canada

☆ Quebec expects possible profit with planned sale of A220 jet program stake in 2030
▼ + stars: | 2023-11-20 | by ( Allison Lampert | ) www.reuters.com time to read: +2 min

[1/2] An Airbus A220-300 is seen at the Airbus facility in Mirabel, Quebec, Canada February 20, 2020. Quebec holds a 25% stake in the jet, which has faced scrutiny as Airbus struggles to contain costs on parts. Airbus has also faced delays in ramping up production toward its latest target of 14 planes per month by 2026. Airbus has said it plans to raise Mirabel production to 10 A220s a month, with four jets a month in Mobile. The planemaker created the Mobile production line for U.S. customers to avoid a trade dispute with Boeing (BA.N) when it took over the plane from Canada's Bombardier in 2018.

Persons: Christinne, Pierre Fitzgibbon, Fitzgibbon, we're, Allison Lampert, Jonathan Oatis Organizations: Airbus, REUTERS, Rights, Reuters, Quebec, Aerospace, Bombardier, Mirabel, Boeing, Mobile, Thomson Locations: Mirabel, Quebec, Canada, Airbus's, Mobile , Alabama, Mobile

☆ Australian leader Albanese accuses Chinese navy of ‘dangerous’ conduct
▼ + stars: | 2023-11-20 | by ( Nectar Gan | Brad Lendon | ) edition.cnn.com time to read: +5 min

CNN —Australian Prime Minister Anthony Albanese has accused the Chinese navy of “dangerous, unsafe and unprofessional” conduct after an incident in international waters near Japan, marking a potential friction point with Beijing weeks after he visited the Chinese capital to stabilize relations. Australian divers aboard the long-range frigate HMAS Toowoomba were trying to clear fishing nets from its propellers on November 14 when a Chinese destroyer approached, Defense Minister Richard Marles said in a statement Saturday. Despite being warned that a diving operation was underway, the Chinese destroyer operated its sonar in a manner that “posed a risk to the safety of the Australian divers,” the statement said. In the Sky News interview, Albanese sidestepped a question on whether the incident will make bilateral relations “look shaky” now. And this is one of those times where we disagree with the action of China,” Albanese said.

Persons: Anthony Albanese, Richard Marles, Albanese, ” Albanese, Xi Jinping, “, ”, “ We’ve, Marles, Ray Powell, SeaLight, Powell, ” Powell Organizations: CNN, Australian, Defense, Sky News, APEC, China’s Defense Ministry, Liberation Army Navy, PLA Navy, Military, United, “ Defense, National Security, Stanford University, US Air Force Locations: Japan, Beijing, Toowoomba, Chinese, China, San Fransisco, London, United Nations, Australia, East, South China, South, Canada, Australian

☆ Downturn in Canada's economy seen deepening if US growth fades
▼ + stars: | 2023-11-20 | by ( Fergal Smith | ) www.reuters.com time to read: +3 min

The Canadian central bank expects that the economy will avoid a recession, and last month forecast growth of 0.8% for both the third and fourth quarters. Since then, preliminary data has indicted a shallow economic contraction for a second straight quarter in the third quarter. Analysts say that if U.S. activity slows, then the Canadian economy could shrink in the current quarter as well. BMO projects that U.S. growth will slow to 0.9% in the fourth quarter and that Canada's economy will shrink 1%. The potential for further weakening in the Canadian economy is already evident in money markets.

Persons: Chris Helgren, Karl Schamotta, Sal Guatieri, Stephen Brown, Brown, Fergal Smith, Jonathan Oatis Organizations: Roberts Bank, REUTERS, Rights TORONTO, Bank of, BoC, BMO Capital Markets, Federal Reserve Bank, Atlanta's, BMO, North, Capital Economics, Thomson Locations: Delta, British Columbia, Canada, United States, Bank of Canada, Canadian, U.S, sniffles, North America

☆ Kevin de Bruyne: Fans went into a frenzy on social media. But soccer star denies co-writing new Drake song
▼ + stars: | 2023-11-18 | by ( Aimee Lewis | ) edition.cnn.com time to read: +1 min

CNN —When Drake released his new song “Wick Man” on Friday, eagle-eyed fans noticed a familiar name on the credit list, which prompted wild speculation on social media as to who exactly had helped the Canadian rapper pen his latest hit. De Bruyne,’ which had some on social media asking whether Belgium and Manchester City star Kevin De Bruyne had been collaborating with the rapper during his recovery from injury. Huge fan though!”The midfielder is currently sidelined with an injury sustained on the opening day of the Premier League of the season in August. De Bruyne is one of the best creative midfielders in world soccer and is the quickest player in history to record 100 assists in the Premier League. He currently has 102 Premier League assists, the fourth-highest in the league’s history.

Persons: Drake, ”, ‘, De Bruyne, Kevin De Bruyne, @Drake, it’s, Erling Haaland, “, De, Bruyne Organizations: CNN, Manchester City, Premier League of, Premier League Locations: Belgium

☆ Asia stocks hang onto weekly gains as yields, oil fall
▼ + stars: | 2023-11-17 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

The market is pricing in 98 basis points of cuts next year, compared with 73 basis points a week ago. "We forecast the policy rate to drop 100 basis points in 2H24 to end the year at 4.5%, before settling on hold at 3.5% by 1Q25." Treasury investors were looking to price in a little of that right now with yields on two-year treasuries down a whopping 21 basis points for the week at 4.85%. Ten-year note yields stood at 4.44%, having fallen 18 basis points for the week so far, a rousing rally from the 5.02% high hit just a month ago. It fared better against commodity-linked currencies such as the Canadian dollar , which were hampered by the slide in oil.

Persons: Brent, Xi Jinping, Joe Biden, Fumio Kishida, Xi, Wayne Cole, Sam Holmes Organizations: SYDNEY, Dealers, Walmart, Equity, Nasdaq, Japan's Nikkei, Bank of Japan, Japanese, APEC, Federal Reserve, JPMorgan, 1Q25, Treasury, Fed, Thomson Locations: Asia, Japan, Pacific, U.S, United States, China, 2H24

☆ NHL roundup: Senators edge Wings in OT in Sweden
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +6 min

Lucas Raymond, Daniel Perron, Alex DeBrincat and Shayne Gostisbehere scored four straight goals in the second period for the Red Wings. Adin Hill finished with 23 saves for Vegas, which extended its winning streak against Montreal to six games. Lukas Reichel and Corey Perry scored goals for Chicago, which took its third loss in four games. Bryan Rust scored twice for the Penguins, who had their five-game winning streak snapped. Givani Smith and Luke Kunin each had a goal and an assist for the Sharks, who snapped the Blues' three-game winning streak.

Persons: Tim Stutzle, Nikita Zadorov, Marc DesRosiers, Drake Batherson, Stutzle, James Reimer, Brady Tkachuk, Jake Sanderson, Josh Norris, Joonas Korpisalo, Lucas Raymond, Daniel Perron, Alex DeBrincat, Shayne Gostisbehere, Gostisbehere, Reimer, Mark Stone, Shea Theodore, Jack Eichel, Jonathan Marchessault, Brett Howden, Brayden McNabb, Adin Hill, Jesse Ylonen, Alex Newhook, Johnathan Kovacevic, Justin Barron, Nick Suzuki, Mike Matheson, Cayden Primeau, Victor Hedman, Chicago . Former Blackhawk Brandon Hagel, Hedman, Mikhail Sergachev, Lukas Reichel, Corey Perry, Elias Lindholm, Jonathan Huberdeau, MacKenzie Weegar, Dillon Dube, Noah Hanifin, Jacob Markstrom, Blake Coleman, Elias Pettersson, Nils Hoglander, Casey DeSmith, Kevin Fiala, Anze Kopitar, Cam Talbot, Sam Reinhart, Sergei Bobrovsky, Kailer Yamamoto, Matty Beniers, Alex Wennberg, Philipp Grubauer, Anders Lee, Casey Cizikas, Noah Dobson, Semyon Varlamov, Lawson Crouse, Barrett Hayton, Logan Cooley, Connor Ingram, Damon Severson, Elvis Merzlikins, Curtis Lazar, Jesper Bratt, Nathan Bastian, Alexander Holtz, Tyler Toffoli, Erik Haula, Luke Hughes, Vitek Vanecek, Bryan Rust, Tristan Jarry, Mike Hoffman, Jose, Louis, Givani Smith, Luke Kunin, William Eklund, Kaapo Kahkonen, Pavel Buchnevich, Joel Hofer, Jordan Binnington Organizations: CAN, Ottawa Senators, Calgary Flames, Canadian Tire Centre, Detroit Red Wings, NHL Global, Sweden, Wings, Ottawa, Red Wings, Golden Knights, Canadiens, Vegas, Montreal, Blackhawks, Tampa Bay, Chicago . Former Blackhawk, Tampa, Chicago, Flames, Canucks, Calgary, Vancouver, Western Conference, Panthers, Islanders, Seattle, New, Coyotes, Blue Jackets, Columbus, Penguins, Pittsburgh, Devils, . New, Sharks, Blues, San, Thomson Locations: Ottawa , Ontario, Stockholm, Angeles, Florida, Los Angeles, New York, Arizona, New Jersey, ., . New Jersey, San Jose

☆ An American woman discovered just how little geography she was taught at school when she married a Canadian
▼ + stars: | 2023-11-17 | by ( Aimee Pearcy | ) www.businessinsider.com time to read: +4 min

TikToker Sabriena Abrre said that she is embarrassed about her lack of geography knowledge. She also said her Canadian husband makes fun of her lack of competence when it comes to geography. She said that she feels frustrated as an American who is married to a Canadian who makes fun of her lack of geography knowledge and knows more about culture, history, and religion than she does. But others were baffled by Abrre's lack of knowledge and questioned why she didn't have globes or world maps in her school classrooms. Meanwhile, some viewers argued that they got their geography knowledge because they researched it in their spare time and not because they were taught it in school.

Persons: TikToker Sabriena Abrre, —, Sabriena Abrre, wasn't, it's, Abrre, Maine, hadn't, she'd, they'd, Mary Organizations: Service, New Hampshire Locations: Canadian, Canada, United States, Alaska, New, New Brunswick, Quebec, Texas, Utah, British Columbia, Vancouver, Los Angeles, California, American

REUTERS/Carlos Osorio/File Photo Acquire Licensing RightsOTTAWA, Nov 16 (Reuters) - A 22-year-old self-confessed Canadian white nationalist who deliberately ran over and killed four members of a Muslim family in his truck in 2021 was found guilty of first degree murder on Thursday. The jury took around six hours to convict Nathaniel Veltman, who attacked the family in the Ontario town of London. It sets a precedent against white nationalist terrorism," said Abdul Fattah Twakkal, an imam at the London Muslim Mosque. It was the worst attack against Canadian Muslims since a man gunned down six members of a Quebec City mosque in 2017. In the manifesto, Veltman wrote "I am a white nationalist" and said white people were "facing genocide".

Persons: Flowers, Carlos Osorio, Nathaniel Veltman, Veltman, Islam, Salman Afzaal, Madiha Salman, Yumnah, Talat, Abdul Fattah Twakkal, Christopher Hicks, Tabinda Bukhari, Prosecutors, Ismail Shakil, David Ljunggren, Mark Potter, Nick Zieminski Organizations: REUTERS, Rights OTTAWA, Prosecutors, Canadian Broadcasting Corp, Canadian, Statistics Canada, Thomson Locations: London , Ontario, Canada, Ontario, London, Pakistan, Veltman, Quebec, New Zealand

☆ Reynolds makes Alpine F1 investment more visible
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

Reynolds, whose various interests include co-owning Welsh soccer side Wrexham with fellow-actor Rob McElhenney, last June joined a group of investors taking a 24% equity stake in the F1 team. The Canadian-born actor is the chief creative officer of MNTN and invested in Alpine through his Maximum Effort Investments. Alpine said the MNTN logo would be on their cars at this weekend's Las Vegas Grand Prix and at key races in future seasons. "A few years ago, if you had said I’d be bringing together my performance marketing software firm and Alpine F1 Team, I would have told you to get out of my living room -- after asking you to explain what some of those words meant," Reynolds said in a statement. French driver Esteban Ocon will be wearing a Deadpool-themed helmet for Saturday night's race, showing it off to a suitably-impressed Reynolds.

Persons: Milton Keynes, Ryan Reynolds, Ed Sykes, Reynolds, Rob McElhenney, I’d, Esteban Ocon, Alan Baldwin, Ken Ferris Organizations: Soccer Football, England, Wrexham, Milton, Milton Keynes Dons, Formula, Renault, Las Vegas, Alpine F1, Thomson Locations: Wrexham, Britain, London

LONDON (AP) — A man who was arrested on suspicion of manslaughter in the death of American ice hockey player Adam Johnson, whose neck was cut by a skate during a game, was released on bail Wednesday. He was arrested on Tuesday, and released on bail on Wednesday pending further inquiries. Petgrave skates toward Johnson and collides with another Panthers player. Petgrave's left skate kicks up as he begins to fall and the blade hits Johnson in the neck. It would be rare, but not unprecedented, for a hockey player to be charged.

Persons: Adam Johnson, Johnson, Matt Petgrave, Petgrave's, Petgrave, Adam, Becs Horsfall, Giacinto, Jim ” Boni, Miran, Schrott, Boni, Marty McSorley, Todd Bertuzzi, McSorley, Donald Brashear, Bertuzzi, Steve Moore, Westin Michaud, Matt, " Michaud, Let’s, ”, Rod Pasma, Pasma, we’re, ” Pasma, “, Dr, Willem Meeuwisse, ” Meeuwisse, Stephen Whyno, ___ Organizations: Nottingham Panthers, Sheffield Steelers, Elite Ice Hockey League, South Yorkshire Police, Sheffield, NHL, Steelers, Panthers, Nottingham, Pittsburgh Penguins, Ice Hockey Association, Elite League, AP, Canadian Press Locations: England, Italy, Canada, Minnesota, Toronto, Washington

NEW YORK (AP) —The Federal Trade Commission on Wednesday said it issued warnings to two food and beverage industry groups, as well as a dozen online influencers, for failing to adequately disclose paid social media posts that promoted a sweetener and sugary products. The warnings follow updated guidelines the agency published this summer requiring influencers to prominently disclose advertisements and paid social media posts that promote products for companies. The FTC said it reviewed posts by health influencers — including registered dieticians — who endorse “sugar-containing products” and appear to be paid by the Canadian Sugar Institute. The agency wrote in the letters to the trade groups that the posts may violate federal law and could cost them up to $50,120 in penalties per violation. The Canadian Sugar Institute did not immediately respond to a request for comment.

Persons: influencers, dieticians —, William M, Dermody Jr, dieticians, ” Dermody, “, ” Samuel Levine Organizations: Federal Trade Commission, American Beverage Association, PepsiCo, Canadian Sugar Institute, FTC, Health, American Beverage, Consumer Locations: dietitians, FTC’s

Wednesday's batch of analyst research included bullish calls on a credit card giant and a sports betting name. The firm downgraded the pharmaceutical stock to neutral from overweight and lowered its price target to $55 per share from $68. The bank downgraded the Canadian Solar to underweight from neutral in a Wednesday note and lowered its price target to $22 per share from $32. The analyst noted that the guidance given confirms his bull case for the stock, which consists of a $70 price target. The bank initiated coverage of the credit card giant with an overweight rating and a $184 per share price target — which implies more than 17% upside from Tuesday's close.

Persons: Morgan Stanley, Guggenheim, John DiFucci, there's, Brian Evans, Cantor Fitzgerald downgrades, Myers Squibb Cantor Fitzgerald, We've, Olivia Brayer, Myers Squibb, — Brian Evans, Julien Dumoulin, Smith, Wells, Omar Mejias, Mark Strouse, DraftKings, Stephen Grambling, Grambling, Fred Imbert, millennials, Z, Gen, Terry Ma Organizations: CNBC, Barclays, American Express, Guggenheim, FactSet, Myers Squibb, Bank of America, Wells Fargo, Warner Music Group, accel, JPMorgan, American Locations: Bristol, Generac, Europe, CSIQ

☆ Goldman Sachs wants to build the 'Pinterest for capital markets.' Here's how the bank is aiming to win more trades from its biggest institutional clients.
▼ + stars: | 2023-11-14 | by ( Bianca Chan | ) www.businessinsider.com time to read: +4 min

On Tuesday, the bank launched a customizable dashboard designed to help Goldman's institutional investor clients understand the state of financial markets. Currently, that's somewhat of a messy and manual process spread across several platforms, Chris Churchman, Goldman Sachs partner and head of Marquee, told Insider. Banks like Goldman Sachs benefit from more complex trades, like a complicated derivative with legs and hedges, that require more work. Goldman Sachs Marquee MarketView is accessible on desktop and mobile. "What clients have said to me is, you basically created Pinterest for capital markets, or you're creating a social network for capital markets," Churchman said.

Persons: Goldman Sachs, Chris Churchman, Goldman, Banks, Churchman, There's Organizations: Business, Bloomberg, Citadel Securities, Bank of Japan Locations: MarketView, FactSet

Buy With Prime, which launched in 2022, gives retailers who are not Amazon merchants fulfillment and delivery through its logistics network. Its newest features aim to pull in fee revenue from shops outside of Amazon.com during the peak holiday season. Along with speedy deliveries, Prime shoppers can now return items purchased through Buy With Prime outside of Amazon.com without shipping labels and boxes. Amazon also announced that Prime customers who buy from Buy With Prime merchants can now see their order history on their apps and have 24-hour access to customer service representatives. Amazon last week launched a Shopify app for Buy With Prime, giving the Canadian e-commerce giant's 2 million merchants access to Amazon's 175 million Prime members.

Persons: Brendan McDermid, Peter Larsen, Arriana McLymore, Stephen Coates Organizations: REUTERS, Amazon.com, National Retail Federation, Amazon, Thomson Locations: Staten Island , New York, U.S, New York City

☆ Dire wolves, camels, and other extinct giant mammals that used to live in North America
▼ + stars: | 2023-11-14 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +16 min

North America used to be crawling with giant mammals, from dire wolves to big cats. In North America, "you only get the woolly mammoths up in the north, starting around the Great Lakes," Lindsey said. AdvertisementOnce thought to be the cousins of gray wolves, dire wolves evolved separately over 5 million years ago in North America. AdvertisementThe ancient bison, Bison antiquus, was 25% larger than those living today. A recent study suggested modern bison — Bison biso — evolved from this species.

Persons: —, wasn't, Emily Lindsey, Markus Matzel, Lindsey, Mike Kemp, mastodons, Benji Paysnoe, Camelops, Spencer, scotti, Daniel Eskridge, Andrew Milligan, scimitars, Jeffrey Greenberg, priscus, Katherine Frey, it's Organizations: Service, National Park Service, National, South America, AP, Universal, Washington Locations: America, Asia, Australia, South America, Alaska, North America, Africa, Bering, Mexico, Costa Rica, Great, Canadian Yukon, of Panama, North, South, Eurasia, Americas, Spanish, Canada, Florida, Yukon, Gulf, Central, South Asia, China, California

View of the Cobre Panama mine, of Canada's First Quantum Minerals, in Donoso, Panama, December 6, 2022. Panama has a long mining history but Cobre Panama is the first major new investment this century. There are now calls not just for the Cobre Panama mine to be closed but for Panama to shun all future mining as well. By the time detailed negotiations on a new contract started in 2021, the mine was already ramping up to full production. The tale of Cobre Panama is an object lesson in getting it wrong.

Persons: El Salvador, Rosalba O'Brien Organizations: Minerals, REUTERS, Aris, Quantum, Environmental, Panama's, Justice, Supreme, Canada, Swedish Sámi Association, European Union, Reuters, Thomson Locations: Panama, Donoso, Rincon, Cobre Panama, Canada, American, Europe, Serbia, Scandinavia, Russia, Panamanian

☆ The U.S. has lost thousands of tech workers to Canada — here's why
▼ + stars: | 2023-11-14 | by ( Sydney Boyo | ) www.cnbc.com time to read: +3 min

As of last month, the Canadian government says more than 6,000 U.S. H-1B visa holders had arrived in Canada so far this year. That's after massive layoffs left high-skilled foreign H-1B holders in limbo. The H-1B program targets highly educated and specialized foreign workers in fields such as tech and health care. The study also shows that Canada now has 1.1 million tech workers, and Toronto and Vancouver ranked among the top 10 tech cities in the U.S. and Canada. To learn more about how Canada is targeting H-1B visa holders, watch the video.

Persons: Annie Beaudoin, Harnoor Singh, Frederick Anokye, Kubeir Kamal, I'm, Marc Miller wasn't Organizations: Google, Microsoft, Meta, Apple, U.S . Citizenship, Immigration Services, Micron, College of Immigration, Citizenship, Canada's Tech, Vancouver, Canadian Locations: Canada, Canadian, U.S, India, Ghana, Toronto

View of the Cobre Panama mine, of Canadian First Quantum Minerals, in Donoso, Panama, December 6, 2022. Two Panamanian prosecutors have deemed the contract unconstitutional after examining legal challenges submitted to the court. First Quantum did not reply to a request for comment on the future of the contract pending court proceedings. Panama's mining chamber has urged against canceling the contract, saying First Quantum could sue Panama for at least $50 billion. Another lawyer said the court could also move to declare parts of the contract unconstitutional, which would not annul it completely.

Persons: Maritza Cedeno, Ariel Corbetti, Corbetti, Juan Carlos Arauz, Arauz, Victor Baker, Valentine Hilaire, Divya Rajagopal, Elida Moreno, Denny Thomas, Marguerita Choy Organizations: Minerals, REUTERS, Aris, Jiangxi Copper Co, Reuters, Panama, Thomson Locations: Panama, Donoso, Jiangxi, China

View of the Cobre Panama mine, of Canadian First Quantum Minerals, in Donoso, Panama, December 6, 2022. The disruption was caused by an "illegal blockade" of small boats at the mine's Punta Rincon port, the company said in a statement. The protests began after the Panamanian government and First Quantum signed a new contract on Oct. 20 for Cobre Panama, which contributes 1% to global copper production and 5% to Panama's gross domestic product. The demonstrators say the new terms are too generous to First Quantum and allege corrupt practices in its approval. A reduction of ore processing could potentially impact about 2% of Panama's national workforce, the company said, adding that two ore processing trains remain operational.

Persons: Sourasis Bose, Valentine Hilaire, Sriraj Kalluvila, Rosalba O'Brien Organizations: Minerals, REUTERS, Aris, Cobre, Reuters, Thomson Locations: Panama, Donoso, Rincon, Panamanian, Cobre Panama, Bengaluru, Mexico City

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