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TORONTO (AP) — Author Sarah Bernstein won the Scotiabank Giller Prize on Monday for her novel “Study for Obedience.”The Montreal-born, Scotland-based author accepted the $100,000 award remotely from Scotland, where she had a baby just 10 days ago. Her novel is about a young woman moving to the remote north where after her arrival, a series of inexplicable events occur. The 100,000 Canadian dollar ($72,000 U.S.) Giller prize honors the best in Canadian fiction. Political Cartoons View All 1244 ImagesThe celebrations were also interrupted early in the broadcast when several anti-Israel protesters jumped onstage. The Giller was created in 1994 by late businessman Jack Rabinovitch in memory of his late wife, literary journalist Doris Giller.

Persons: Sarah Bernstein, Giller, Margaret Atwood, Mordecai Richler, Alice Munro, Jack Rabinovitch, Doris Giller Organizations: TORONTO, Scotiabank, Israel Locations: Montreal, Scotland, Israel

☆ NHL roundup: William Nylander extends streak, Leafs edge Flames
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +4 min

[1/5] Nov 10, 2023; Toronto, Ontario, CAN; Toronto Maple Leafs forward Max Domi (11) goes after a loose puck against the Calgary Flames during the third period at Scotiabank Arena. William Nylander scored twice and had an assist for Toronto to extend his points streak to 14 games -- a team record to open a season. Calle Jarnkrok and John Tavares also scored for the Maple Leafs, who had lost five of their previous six games (1-3-2). Connor Zary, Nikita Zadorov, A.J, Greer and Martin Pospisil scored for the Flames, who had won their two previous games after losing six straight. Panthers 5 Hurricanes 2Rookie defenseman Uvis Balinskis scored his first NHL goal, leading host Florida over Carolina in Sunrise.

Persons: Max Domi, John E, William Nylander, Calle Jarnkrok, John Tavares, Joseph Woll, Connor Zary, Nikita Zadorov, Greer, Martin Pospisil, Dan Vladar, Alec Martinez, Adin Hill, Alex Pietrangelo, William Karlsson, Brett Howden, San Jose, Michael Amadio, Kaapo Kahkonen, Owen Tippett, Travis Sanheim, Cam Atkinson, Sean Couturier, Louie Belpedio, Sam Ersson, Joel Farabee, Leo Carlsson, Uvis Balinskis, Matthew Tkachuk, Carter Verhaeghe, Aleksander Barkov, Kevin Stenlund, Sam Reinhart, Sergei Bobrovsky, Devon Levi, Jeff Skinner, JJ Peterka, Levi, Skinner, Filip Gustavsson, Evgeny Kuznetsov, Nicolas Aube, Beck Malenstyn, Tom Wilson, Charlie Lindgren, Timo Meier, Dawson Mercer, Vitek Vanecek, Akira Schmid Organizations: CAN, Toronto Maple Leafs, Calgary Flames, Scotiabank Arena, Calle, Maple Leafs, Toronto, Flames, Golden Knights, Sharks, Vegas, San, Flyers, Ducks, Philadelphia, Panthers, Hurricanes, NHL, Eastern, Devon, Buffalo, Minnesota, Sabres, Capitals, Devils, Thomson Locations: Toronto , Ontario, Toronto, A.J, San Jose, Las Vegas, Anaheim, Florida, Carolina, Sunrise, Washington, New Jersey, Newark, Nicolas, Kubel

☆ Canadian Tire lays off 3% of full-time employees, misses profit estimates
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

The Canadian Tire logo is seen in Ottawa, Ontario, Canada, February 14, 2019. REUTERS/Chris Wattie/File Photo/File Photo Acquire Licensing RightsNov 9 (Reuters) - Canadian Tire (CTCa.TO) said on Thursday it had laid off 3% of its full-time employees, in an effort to lower costs amid slowing demand due to persisting inflation. Canadian Tire said it expects an annualized run-rate savings of about C$50 million ($36.31 million) as a result of the headcount reduction. Canadian Tire, whose shares were down 2% in afternoon trading, reported adjusted profit of C$2.96 per share, below LSEG estimates of C$3.29 per share. It, however, beat third-quarter revenue expectations, as well as announced an additional C$200.0 million share repurchase program.

Persons: Chris Wattie, Granth, Shilpi Majumdar Organizations: Canadian, REUTERS, Canadian Tire, Thomson Locations: Ottawa , Ontario, Canada, Toronto, Bengaluru

☆ Dollar steady against euro, yen on intervention watch as it hits one-week low
▼ + stars: | 2023-11-08 | by ( Karen Brettell | ) www.reuters.com time to read: +4 min

[1/2] U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. Traders also remained on alert for potential intervention in the Japanese currency as it rose above the 151 level against the dollar, its weakest level in a week. “The dollar is vulnerable to weaker data going forward," said Shaun Osborne, chief foreign exchange strategist at Scotiabank in Toronto. "We’re transitioning to a sort of sell dollar rallies environment, after the buy dollar dips trend that we’ve seen really since the middle of the year." The dollar gained 0.41% to 151.03 Japanese yen , heading back towards levels that have investors on watch for currency intervention.

Persons: Dado Ruvic, Shaun Osborne, ”, Osborne, Jerome Powell, Powell, Nick Bennenbroek, Francesco Pesole, Karen Brettell, Gertrude Chavez, Dreyfuss, Samuel Indyk, Andrea Ricci Organizations: REUTERS, Federal Reserve, Scotiabank, U.S, ING, Reserve Bank of Australia, Thomson Locations: U.S, United States, Toronto

With the economy slowing and adding fewer jobs, banks are anticipating more consumers could default on credit-card payments and mortgages, hurting profits. "(Canadian banks) are running a little bit tighter in capital than they have in the past," said Adrienne Young, director of corporate credit research at Franklin Templeton Canada. "I don't see them having to go out and raise equity... I think the banks will use other tools in their toolbox before having to go and raise equity," said Maria Gabriella Khoury, analyst at credit-ratings agency Fitch. "They are doing that.. to make sure banks are holding more capital as we potentially head into a downturn," Colangelo said.

Persons: Banks, Adrienne Young, Maria Gabriella Khoury, Fitch, Robert Colangelo, Colangelo, Anthony Visano, Nivedita Balu, Rod Nickel Organizations: TORONTO, Franklin Templeton, " Bank of Nova, Scotiabank, BMO, Equity, DSB, Royal Bank of Canada, RBC, HSBC Canada, Kingwest, Thomson Locations: Franklin Templeton Canada, " Bank of Nova Scotia, U.S, Toronto

The Bank of Nova Scotia (Scotiabank) logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. REUTERS/Chris Wattie Acquire Licensing RightsTORONTO, Nov 3 (Reuters) - The chief operating officer of Bank of Nova Scotia's (BNS.TO) Canadian banking unit, Kevin Teslyk, has left the company, according to an internal memo seen by Reuters, the latest in a series of management changes under CEO Scott Thomson. James Neate, president of corporate and investment banking and Shawn Rose, chief technology officer have also left Scotiabank, the memo said. Canadian banks, including Royal Bank of Canada (RY.TO), Bank of Montreal (BMO.TO), have announced job cuts due to higher costs forcing. Neate, who has held senior executive roles in retail banking, commercial banking and wealth management, among others, will leave the bank at the end of December, according to the memo.

Persons: Chris Wattie, Kevin Teslyk, Scott Thomson, James Neate, Shawn Rose, Aris Bogdaneris, Dan Rees, Thomson, Mike Rizvanovic, Rose, Nivedita Balu, Kirsten Donovan, Louise Heavens Organizations: of Nova, REUTERS, Rights TORONTO, Bank of Nova, Reuters, Scotiabank, ING Group, Aris, Scotia, Royal Bank of Canada, Bank of Montreal, Thomson Locations: of Nova Scotia, Ottawa , Ontario, Canada, California, Toronto

☆ Instant View: Canada gains 17,500 jobs in October, jobless rate rises to 5.7%
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +1 min

TORONTO, Nov 3 (Reuters) - Canada's economy gained a net 17,500 jobs in October, entirely in part-time work, and the jobless rate rose to 5.7%, Statistics Canada data showed on Friday. Employment in the goods producing sector grew by a net 7,500 jobs, largely in construction. STORIES:MARKET REACTION: CAD/LINK: https://www150.statcan.gc.ca/n1/daily-quotidien/231103/dq231103a-eng.htm?HPA=1COMMENTSDEREK HOLT, VICE PRESIDENT OF CAPITAL MARKETS ECONOMICS AT SCOTIABANK:"So most of the jobs were part time. In terms of Bank of Canada, we got another set of jobs numbers before their next decision and a lot more data before the December meeting. You'd really need to see some strong holiday shopping and end of year activity in order to get a beat on Q4."

Persons: DEREK HOLT, you've, Steve Scherer, Denny Thomas Organizations: TORONTO, Statistics, ECONOMICS, SCOTIABANK, Bank of Canada, Thomson Locations: Statistics Canada, it's

☆ Kings keep perfect road record intact, beat Maple Leafs
▼ + stars: | 2023-11-01 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/59] Oct 31, 2023; Toronto, Ontario, CAN; Toronto Maple Leafs goaltender Joseph Woll (60) makes a save during warm up before a game against the Los Angeles Kings at Scotiabank Arena. By winning the opener of a four-game road trip, the Kings improved to 4-0-0 in games away from home this season. John Tavares scored and Joseph Woll stopped 23 shots for the Maple Leafs, who were coming off a 3-1-1 road trip. Killing off penalties has been a problem for the Maple Leafs early in the season. The Kings kept the Maple Leafs bottled up in their own end for nearly three minutes to finish the second period as the crowd started to boo.

Persons: Joseph Woll, John E, Cam Talbot, Andreas Englund, Phillip Danault, Arthur Kaliyev, Adrian Kempe, Quinton Byfield, John Tavares, Englund, Mark Giordano's, Danault, Trevor Moore, Kaliyev, Tyler Bertuzzi, William Nylander, Tavares, Kempe, Jake McCabe Organizations: CAN, Toronto Maple Leafs, Los Angeles Kings, Scotiabank Arena, Kings, Maple Leafs, Toronto, Nashville Predators, NHL, Thomson Locations: Toronto , Ontario, Los Angeles, . Toronto

☆ Joel Hofer's first shutout sends Blues past Flames
▼ + stars: | 2023-10-27 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/41] Oct 26, 2023; Calgary, Alberta, CAN; Calgary Flames center Blake Coleman (20) skates during the warmup period against the St. Louis Blues at Scotiabank Saddledome. Mandatory Credit: Sergei Belski-USA TODAY Sports Acquire Licensing RightsOctober 27 - Oskar Sundqvist collected a goal and an assist and goaltender Joel Hofer recorded his first career shutout as the visiting St. Louis Blues beat the struggling Calgary Flames 3-0 on Thursday. Kasperi Kapanen and Nick Leddy also scored for the Blues, who have been on a lose-one, win-one run since the season began. Hofer, the St. Louis backup goaltender, made 27 saves for the victory in his second game of the season, the 10th of his NHL career. The Flames summoned defenseman Ilya Solovyov from the minors, and the 2020 seventh-round draft choice made his NHL debut.

Persons: Blake Coleman, Louis, Sergei Belski, Oskar Sundqvist, Joel Hofer, Kasperi Kapanen, Nick Leddy, Hofer, Walker Duehr, Jacob Markstrom, Kapanen, Sundqvist, Kadri, Kapanen's, Nikita Zadorov, Jordan Kyrou, Ilya Solovyov Organizations: Calgary Flames, St, Louis Blues, Scotiabank Saddledome, Blues, NHL, Flames, Calgary, Thomson Locations: Calgary , Alberta

☆ Dennis Schroder scores 22, Raptors top Timberwolves
▼ + stars: | 2023-10-26 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/68] Oct 25, 2023; Toronto, Ontario, CAN; Toronto Raptors fans line up to get into Scotiabank Arena before the home opener against the Minnesota Timberwolves. Mandatory Credit: John E. Sokolowski-USA TODAY Sports Acquire Licensing RightsOctober 26 - Dennis Schroder scored 22 points and the Toronto Raptors defeated the visiting Minnesota Timberwolves 97-94 Wednesday night in the season opener for both teams. Schroder, who was making his Raptors debut, added seven assists to help give new coach Darko Rajakovic a victory. Anthony Edwards led the Timberwolves with 26 points and 14 rebounds, and Rudy Gobert had 15 points and 13 rebounds. The Raptors led by 10 points with 5:29 to play in the third quarter on a layup by Barnes.

Persons: John E, Dennis Schroder, Schroder, Darko Rajakovic, Scottie Barns, Pascal Siakam, Jakob Poeltl, Anthony Edwards, Rudy Gobert, Karl, Anthony Towns, Mike Conley, Naz Reid, Reid, Anunoby, Barnes, Edwards, Shake Milton, Jaylen Clark, Jaden McDaniels, Christian Koloko Organizations: CAN, Toronto Raptors, Scotiabank Arena, Minnesota Timberwolves, Mandatory, Raptors, Timberwolves, Minnesota, Towns, Toronto, The Timberwolves, Thomson Locations: Toronto , Ontario, Toronto, Minnesota

☆ These 6 global stocks are nearing the dreaded 'death cross' chart pattern
▼ + stars: | 2023-10-20 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Bearish signals, indicating potential selling pressure in the near future, have gripped a handful of global stocks that look close to forming what's known as a "death cross" chart pattern. A death cross is a price chart pattern that forms when a stock's 50-day moving average crosses below its 200-day moving average. The death cross is also used as a bear market predictor. Analysts are also generally bullish, with 11 out of 14 rating the stock as a buy. The median price target of all analysts compiled by FactSet points to a 47.5% upside for the stock.

Persons: Mitsumi, Thierry Pieton, FactSet Organizations: CNBC Pro, Magna International, Renault, Magna, U.S, RBC Capital, RBC, Scotiabank Locations: Belgian, French

☆ What tie-ups in the U.S. oil patch could mean for players like Coterra Energy
▼ + stars: | 2023-10-19 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

While we don't own companies as mergers-and-acquisition plays, the potential for more tie-ups could have significant implications for our remaining oil name: Coterra Energy (CTRA). Chevron's market cap is around $324 billion, while ConocoPhillips is worth roughly $152 billion, based on Thursday's stock prices. Companies in this basket could include Coterra, Devon Energy (DVN) and Diamondback Energy (FANG). Coterra is valued at roughly $22.4 billion Thursday, while Devon and Diamondback are valued at $31.7 billion and $30.5 billion, respectively. The shift has generally been positive for the stock prices of oil companies.

Persons: Gabriele Sorbara, Siebert Williams Shank, Nitin Kumar, I'm, Kumar, Pioneer's, Devon, Paul Cheng, Cheng, Jim Cramer's, Mizuho's Kumar, Jim Cramer, Jim, Paul Ratje Organizations: Exxon Mobil, Natural Resources, Coterra Energy, Exxon, Co, Chevron, ConocoPhillips, Mizuho Securities, Companies, Devon Energy, Diamondback Energy, Marathon, Bloomberg, Scotiabank, Pioneer, Jim Cramer's Charitable Trust, CNBC, Afp, Getty Locations: U.S, West Texas, New Mexico, Coterra, Devon, Oklahoma, Houston

[1/2] A sign for The Bank of Nova Scotia, operating as Scotiabank, in Toronto, Ontario, Canada, Dec. 13, 2021. REUTERS/Carlos Osorio/File Photo Acquire Licensing RightsOct 18 (Reuters) - Bank of Nova Scotia (BNS.TO) on Wednesday announced plans to cut about 2,700 jobs globally - 3% of its workforce - and take a C$590 million ($430.94 million) charge in the fourth quarter, making it the latest Canadian bank to take cost-cutting steps in a challenging environment. Royal Bank of Canada (RY.TO) and Bank of Montreal (BMO.TO) similarly have cut hundreds of jobs in response to rising costs in a high interest rate environment. Scotiabank said the layoffs will result in a restructuring charge and severance provisions of about C$247 million. Analysts said the charge does not come as a surprise amid a review of is strategic direction.

Persons: Carlos Osorio, Scott Thomson, Darko Mihelic, Jaiveer Singh, Balu, Will Dunham, Shilpi Majumdar, Jonathan Oatis Organizations: The Bank of, Scotiabank, REUTERS, Bank of Nova, Wednesday, Royal Bank of Canada, Bank of Montreal, China's, China's Bank of Xi'an, Analysts, RBC Capital, Thomson Locations: The Bank of Nova Scotia, Toronto , Ontario, Canada, Bank of Nova Scotia, China's Bank, Bengaluru, Toronto

☆ VIEW Canada's annual inflation cools in September
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +4 min

TORONTO, Oct 17 (Reuters) - Canada's annual inflation rate edged down to 3.8% in September on broad-based price reductions for some travel-related services, durable goods and groceries, Statistics Canada said on Tuesday. This beat analysts' expectations for annual inflation to remain at 4.0%. "It's pretty clear that (the central bank) won't be raising rates in my opinion in October. I think if we had gotten another inflation print like August in September - that was the big risk to have another hike. DEREK HOLT, VICE PRESIDENT OF CAPITAL MARKETS ECONOMICS AT SCOTIABANK"I think on a trend basis, the Bank of Canada is behind the inflation wage cycles.

Persons: CLAIRE FAN, MICHAEL GREENBERG, FRANKLIN TEMPLETON, JULES BOUDREAU, MACKENZIE, There's, They'll, DEREK HOLT, Divya Rajagopal, Steve Scherer, Fergal Smith, Denny Thomas Organizations: TORONTO, Statistics, ROYAL BANK, CANADA, Bank of Canada, Business Outlook Survey, ECONOMICS, SCOTIABANK, Thomson Locations: Statistics Canada

REUTERS/Carlos Osorio/File Photo Acquire Licensing RightsOTTAWA, Oct 17 (Reuters) - Canada's annual inflation rate unexpectedly slowed to 3.8% in September and underlying core measures also eased, data showed on Tuesday, prompting markets and analysts to trim bets for another interest rate hike next week. Analysts polled by Reuters had forecast inflation to hold steady at the 4.0% rate recorded in August. Two of the Bank of Canada's (BoC's) three core measures of underlying inflation also decelerated. Money markets trimmed bets for a rate hike next week after the data. "There's no need for further rate hikes in Canada," Reitzes said.

Persons: Carlos Osorio, Jules Boudreau, stoking, Benjamin Reitzes, Reitzes, Statscan, Derek Holt, Macklem, Ismail Shakil, Steve Scherer, Dale Smith, Fergal Smith, Divya Rajagopal, Jonathan Oatis, Nick Zieminski Organizations: REUTERS, Rights OTTAWA, Reuters, Statistics, Mackenzie Investments, Bank of Canada's, Bank of Canada, BoC, BMO Capital Markets, Scotiabank . Bank of Canada, Thomson Locations: Toronto , Ontario, Canada, Statistics Canada, Mackenzie, Ottawa, Toronto

☆ NHL roundup: Auston Matthews’ 2nd straight hat trick lifts Leafs
▼ + stars: | 2023-10-15 | by ( ) www.reuters.com time to read: +9 min

/ Dan Hamilton-USA TODAY Sports Acquire Licensing RightsOctober 15 - Auston Matthews scored three goals for the second straight game and the Toronto Maple Leafs defeated the visiting Minnesota Wild 7-4 on Saturday night. William Nylander added two goals and an assist for the Maple Leafs, who have won their first two games of the season. Senators 5, Flyers 2Jakob Chychrun had two goals and one assist, Brady Tkachuk scored twice and host Ottawa defeated Philadelphia. Jenner got his second career hat trick by scoring three times in a span bridging the first and second periods. 1 overall pick by Chicago in the 2023 NHL Draft, assisted on Johnson's second goal, giving him a goal and two assists in his first three NHL games.

Persons: Auston Matthews, Tyler Bertuzzi, Dan Hamilton, William Nylander, Calle Jarnkrok, Mitchell Marner, Morgan Rielly, John Tavares, Ryan Hartman, Matt Boldy, Marco Rossi, Brandon Duhaime, Ilya Samsonov, Filip Gustavsson, Jakob Chychrun, Brady Tkachuk, Jake Sanderson, Vladimir Tarasenko, Claude Giroux, Anton Forsberg, Travis Konecny, Cam York, Carter Hart ., Chandler Stephenson, Hill, Greg Cronin's, Jack Eichel, Shea Theodore, Jonas Rondbjerg, Mason McTavish, John Gibson, Cronin, Dallas Eakins, Gibson, Kyle Connor, Mark Scheifele, Mason Appleton, Jets netminder Connor Hellebuyck, Winnipeg's, Evan Rodrigues, Sam Reinhart, Sergei Bobrovsky, James van Riemsdyk's, Nashville . van Riemsdyk, Charlie McAvoy's, David Pastrnak, Brad Marchand, Boone Jenner, Jenner, Erik Gustafsson, Will Cuylle, Chris Kreider, Filip Chytil, Mika Zibanejad, Alex DeBrincat, Compher, Moritz Seider, DeBrincat, Dylan Larkin, Steven Stamkos, Victor Hedman, Sean Monahan, Cole Caufield, Tanner Pearson, Sam Montembeault, Tyler Johnson, Petr Mrazek, Connor Bedard, Bryan Rust, Jake Guentzel, Evgeni Malkin, Reilly Smith, Kris Letang, Matt Coronato, Jonathan Huberdeau, Jacob Markstrom, Nils Hoglander, Sam Lafferty, Casey DeSmith, Andrei Kuzmenko, Jack Studnicka, Elias Pettersson, backstop, Ryan Nugent, Hopkins, Leon Draisaitl, Connor McDavid, Stuart Skinner, Jordan Binnington, Louis, Jordan Kyrou, Robert Thomas, Binnington, Vince Dunn's, Adam Larsson, Jaden Schwartz, Joey Daccord, Casey Cizikas, Brock Nelson, Kyle Palmieri, Ilya Sorokin, Jordan Greenway, Casey Mittelstadt, Devon Levi, Jordan Martinook, Brent Burns, Aho, Jesperi Kotkaniemi, Brendan Lemieux, Teuvo Teravainen, Anze Kopitar, Drew Doughty, Moore, Vladislav Gavrikov, Kevin Fiala, Cale Makar, Mikko Rantanen, Alexandar Georgiev, Mackenzie Blackwood, Thomas Bordeleau Organizations: CAN, Toronto Maple Leafs, Minnesota Wild, Scotiabank Arena, Maple Leafs, Toronto, Minnesota, Senators, Flyers, Ottawa, Philadelphia, Carter Hart . Golden Knights, Ducks, Greg Cronin's NHL, Anaheim, Vegas, Golden Knights, Jets, Panthers, Winnipeg, Florida, Bruins, Boston, Nashville ., Blue Jackets, Rangers, Columbus, Boston Bruins, Wings, Detroit, Tampa, Red Wings, Lightning, Canadiens, Blackhawks, Montreal, Chicago, NHL, Penguins, Flames, Pittsburgh, Calgary, Canucks, Oilers, Seattle, Blues, Islanders, Sabres, New, Hurricanes, Carolina, Los Angeles Kings, Kings, Los, Avalanche, Sharks, Colorado, San Jose, San, Thomson Locations: Toronto , Ontario, Las Vegas, Florida, New York, York, Tampa Bay, Calgary, Vancouver, Elmont, squandering, Los Angeles, San, San Jose

☆ Leafs claw back from two goals twice, beat Habs in shootout
▼ + stars: | 2023-10-12 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/44] Oct 11, 2023; Toronto, Ontario, CAN; Montreal Canadiens right wing Cole Caufield (22) skates during the warm up before game against the Toronto Maple Leafs at Scotiabank Arena. Noah Gregor and William Nylander also scored for the Maple Leafs. Alex Newhook scored twice for Montreal. The Canadiens took advantage of an odd-man break from their own end to take a 2-0 lead at 1:10 of the second period. Samsonov saved Montreal's last penalty-shot attempt by Dach to cement the win for the Maple Leafs.

Persons: Cole Caufield, Nick Turchiaro, Mitchell Marner, Auston Matthews, Noah Gregor, William Nylander, John Tavares, John Klingberg, Alex Newhook, Jake Evans, Jesse Ylonen, Kirby Dach, Ilya Samsonov, Jake Allen, Evans, TJ Brodie, Evans pounced, Juraj Slafkovsky, Gregor, Matthews, Newhook, Caufield's, Tyler Bertuzzi, Arber, Ylonen, Samsonov, Montreal's Organizations: CAN, Montreal Canadiens, Toronto Maple Leafs, Scotiabank Arena, Toronto, Maple Leafs, Montreal, Canadiens, Leafs, Thomson Locations: Toronto , Ontario, Montreal, Toronto

☆ Elias Lindholm's late goal spurs Flames past Jets
▼ + stars: | 2023-10-12 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/50] Oct 11, 2023; Calgary, Alberta, CAN; Winnipeg Jets center Mark Scheifele (55) skates during the warmup period against the Calgary Flames at Scotiabank Saddledome. Kyle Connor, Alex Iafallo and Mark Scheifele scored for the Jets. Connor equaled the score just over two minutes later when a wrist shot from the slot handcuffed Markstrom and trickled over the line. Again the Jets tied the score, drawing even when Iafallo redirected Dylan DeMelo's point shot at 11:19 of the second period. However, Scheifele found the mark with 5:42 remaining in regulation, lifting a top-shelf shot from the slot to again tie the clash.

Persons: Mark Scheifele, Sergei Belski, Elias Lindholm, Andrew Mangiapane, MacKenzie Weegar, Rasmus Andersson, Jonathan Huberdeau, Jacob Markstrom, Kyle Connor, Alex Iafallo, Connor Hellebuyck, Mangiapane, Lindholm, Ryan Huska, Connor, Markstrom, Cam Atkinson, Yvan Cournoyer, Weegar, Iafallo, Dylan, Andersson, Scheifele Organizations: CAN, Winnipeg Jets, Calgary Flames, Scotiabank Saddledome, Flames, Jets, Thomson Locations: Calgary , Alberta

Bostic was partly responding to the outburst of violence in Israel and Gaza, said Joseph Trevisani, senior analyst at FXStreet in New York. "You can pretty much count on the Fed taking that into its world view and that's only going to be lower rates." U.S. Treasuries rallied, pushing two-year yields to their lowest in a month, as safe-haven demand was driven by the ongoing Mideast bloodshed and dovish Fed comments. The yield on the 10-year U.S. Treasury , which moves inversely to the price, was down 12.5 basis points at 4.6571%. The Swiss franc , a traditional safe-haven currency, was at 0.9045 to the dollar, which weakened about 0.21%.

Persons: Dado Ruvic, Raphael Bostic, Bostic, Joseph Trevisani, Treasuries, Shaun Osborne, Israel's shekel, They're, Chris Turner, Herbert Lash, Harry Robertson, Tom Westbrook, Simon Cameron, Moore, Susan Fenton, Sharon Singleton, Jonathan Oatis, Mark Heinrich, Richard Chang Organizations: REUTERS, Federal Reserve, Atlanta Fed, Fed, American Bankers Association, U.S, Scotiabank, Traders, Bloomberg, Analysts, Columbus, Kyodo, Bank of Japan, . Treasury, ING, Swiss, Thomson Locations: China, U.S, Israel, Gaza, New York, Toronto, Palestinian, London, Singapore

REUTERS/Carlos Osorio Acquire Licensing RightsTORONTO, Oct 10 (Reuters) - Bank of Nova Scotia (BNS.TO) and Sun Life Financial's (SLF.TO) asset-management division are partnering to tap into the demand from wealthy Canadians looking to invest in private credit, the firms said on Tuesday. The move comes as private credit becomes one of the fastest growing and most attractive private asset classes, forecast to grow to $2.3 trillion in assets globally by 2027, according to Preqin data. The private credit market is less mature in Canada than in the U.S. and Europe but is slowly gaining attention. In a recent survey taken out by Canadian firm Ninepoint Partners, nearly two-thirds of financial advisors said they expect to increase their client or model portfolios' exposure to private credit in the next 12 months. Scotiabank Global Wealth Management is the third-largest business of its kind in Canada with C$631 billion of assets globally, while SLC Management manages $361 billion in assets.

Persons: Carlos Osorio, Glen Gowland, Nivedita Balu, Marguerita Choy Organizations: The Bank of, Scotiabank, REUTERS, Rights, Bank of Nova, SLC Management, Sun, Wealth Management, Ninepoint Partners, Scotiabank Global Wealth Management, Thomson Locations: The Bank of Nova Scotia, Toronto , Ontario, Canada, Bank of Nova Scotia, Sun, U.S, Europe, Toronto

The jobless rate stayed at 5.5% for a third consecutive month, Statistics Canada said. Wage growth is also beating market expectations," said Michael Greenberg, a portfolio manager for Franklin Templeton Investment Solutions. "Despite the aggressive rate hikes by the Bank of Canada, clearly demand remains strong and companies continue to hire. Money markets increased bets for a rate increase later this month after the jobs figures were published. With September's robust gains, the economy is averaging 30,000 monthly employment growth this year, up from 25,000 a month earlier.

Persons: Carlos Osorio, Michael Greenberg, Greenberg, Derek Holt, Holt, haven't, they've, we're, Statscan, Ismail Shakil, Nivedita Balu, Steve Scherer, Fergal Smith, Dale Smith, Mark Porter Organizations: Queen, West, REUTERS, Rights OTTAWA, Statistics, Reuters, Franklin Templeton Investment Solutions, Bank of Canada, Scotiabank, Thomson Locations: Toronto Ontario, Canada, Statistics Canada, U.S, Ottawa

☆ Popeyes overtakes KFC as No. 2 chicken chain, but Chick-fil-A stays on top
▼ + stars: | 2023-10-04 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

2 chicken chain in the U.S., a decade after Chick-fil-A first unseated KFC from the top spot. Restaurant Brands International 's Popeyes launched a chicken sandwich in 2019 that turned into a blockbuster menu item and ushered in the chicken sandwich wars. Similar to KFC, Popeyes lost market share in the past year, but still retained enough to leapfrog its rival. It took more than a year for KFC to respond to Popeyes' chicken sandwich. 2 chicken chain.

Persons: Popeyes, Chick, Wendy's, Kevin Hochman, Patrick Doyle, Sami Siddiqui Organizations: KFC, Starbucks, Restaurant Brands, Yum Brands, Barclays, Brinker International, School Conference, CNBC Locations: U.S, Atlanta

The Canadian central bank had expected productivity, or output per hour worked, to improve as the economy recovered from the COVID-19 pandemic. Instead, it has fallen in eleven of the last 12 quarters, taking it back to its 2016 level. It also stands to add to unit labor costs, a key measure of inflation pressures coming from higher wages. "Our own forecast is that productivity growth will turn around, but that is a risk to the outlook and if productivity growth continues declining it will make it more difficult to get inflation back to target," Macklem said. The central bank has forecast that inflation will return to its 2% target in the middle of 2025.

Persons: Macklem, Derek Holt, tightens, Holt, Dennis Darby, Doug Porter, Fergal Smith, Steve Scherer, Deepa Babington Organizations: Bank of Canada, Reuters Graphics Reuters, BoC, Scotiabank, Federal Reserve, Canadian Manufacturers, Fraser Institute, BMO Capital Markets, Thomson Locations: Canadian, Canada, freefall, United States, Toronto, Ottawa

Two of the three core inflation measures also rose. The annual rate, the highest since the 4.4% reported in April, is double the Bank of Canada's 2% target. "Underlying inflation is still well above the level that would be consistent with achieving our target of 2% CPI inflation," she said. Money markets raised bets for a rate hike in October after the data, seeing a 42% chance of an increase after the price figures compared with 23% before. However, another inflation report and a bevy of other data are due out before the Canadian central bank next meets on Oct 25 to set the key overnight rate.

Persons: Derek Holt, Holt, Sharon Kozicki, Jimmy Jean, Justin Trudeau's, Andrew Grantham, David Ljunggren, Steve Scherer, Dale Smith, Fergal Smith, Divya Rajogopal, Paul Simao, Mark Porter Organizations: Reuters, Statistics, Bank of Canada's, Scotiabank, Bank of, Bank of Canada, Canadian, Desjardins Group, CIBC Capital Markets, Tiff, Thomson Locations: OTTAWA, Statistics Canada, Canadian

TORONTO, Sept 18 (Reuters) - Canada's plan to bring down food prices by tightening regulation could backfire and fail, raising the cost of doing business in the country without providing relief to consumers, lawyers and economists said. Canada's weak competition law has been long blamed for allowing a few players to dominate industries ranging from banks to telecoms and groceries. The proposed amendment will drop the so-called efficiencies defense provision, giving Canada's antitrust regulator - the Competition Bureau - the power to block deals it deems as increasing market concentration, irrespective of any cost efficiencies. Trudeau's move comes as many Canadians reel under an affordability crisis with food prices jumping 25% since the start of the COVID-19 pandemic in 2020. Food inflation stood at around 35% in Germany and the United Kingdom - well above the 25% level of food inflation in Canada since the start of the pandemic, Scotiabank research showed.

Persons: Justin Trudeau, Pierre Poilievre, Omar Wakil, Torys, Wakil, Derek Holt, Denny Thomas, Deepa Babington Organizations: Competition, Liberal, Conservative, Loblaw Co, Co, Metro Inc, Scotiabank, Antitrust, Rogers Communications, Shaw Communications, Thomson Locations: Canada, Ukraine, Germany, United Kingdom

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