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☆ Tsitsipas marches into Paris semi-finals
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +2 min

[1/5] Tennis - ATP Masters 1000 - Paris Masters - AccorHotels Arena, Paris, France - November 3, 2023 Greece's Stefanos Tsitsipas speaks to the crowd after winning his quarter final match against Russia's Karen Khachanov REUTERS/Stephanie Lecocq Acquire Licensing RightsPARIS, Nov 3 (Reuters) - Stefanos Tsitsipas maintained his stunning form at the Paris Masters with a 6-3 6-4 defeat of Russia's Karen Khachanov to reach the semi-finals on Friday. He will now face Grigor Dimitrov for a place in the final after the Bulgarian beat Hubert Hurkacz 6-1 4-6 6-4. Seventh seed Tsitsipas is yet to drop a set this week in disposing of Canada's Felix Auger-Aliassime, Germany's Alexander Zverev and now Khachanov. He had far too much variety for Khachanov in the opening set, using his all-court game and accurate serving to great effect. He then moved a break ahead in the second set before Khachanov hit a brief purple patch to get back on terms.

Persons: Stefanos Tsitsipas, Russia's Karen Khachanov REUTERS, Stephanie Lecocq, Tsitsipas, Russia's Karen Khachanov, Grigor Dimitrov, Hubert Hurkacz, Canada's Felix Auger, Germany's Alexander Zverev, Khachanov, Dimitrov, Novak Djokovic, Denmark's Holger Rune, Alex de Minaur, Andrey Rublev, Martyn Herman, Toby Davis Organizations: Paris, Rights, ATP, Bulgarian, Thomson Locations: Paris, France, Turin, raptures

☆ Canada caps immigration target amid housing crunch, inflation
▼ + stars: | 2023-11-01 | by ( Wa Lone | ) www.reuters.com time to read: +2 min

"These immigration levels will help set the pace of Canada's economic and population growth while moderating its impact on critical systems such as infrastructure and housing," Miller said. Canada's population has grown mainly through immigration, and population growth has helped fuel economic growth in recent years. But some economists have blamed immigration for worsening the country's housing shortage, though immigrants also work in industries like construction that are facing a labor shortage. For this reason, the Bank of Canada has said immigration has been both a driver and a brake for inflation, which stood at 3.8% in September. More consumers mean more demand, which pushes up prices, but immigrants entering the work force also help keep down labor costs.

Persons: Christinne, Marc Miller, Miller, Wa, Ismail Shakil, Steve Scherer, Deepa Babington Organizations: REUTERS, Rights TORONTO, Bank of Canada, Statistics, Institute for Canadian Citizenship, Wa Lone, Thomson Locations: Canada, U.S, Champlain , New York, Ottawa, Statistics Canada, Toronto

☆ Ford claims Pan Am decathlon crown as Chile downs U.S. in soccer
▼ + stars: | 2023-11-01 | by ( Steve Keating | ) www.reuters.com time to read: +3 min

SANTIAGO, Oct 31 (Reuters) - Chileans celebrated one of their biggest nights of the Pan American Games on Tuesday with Santiago Adolfo Ford claiming decathlon gold and the women's soccer team winning a 2-1 thriller over the U.S. to reach the final. The judo competition closed with Cuba beating Brazil to win the mixed team title and the great Idalys Ortiz adding another gold to her glittering resume. It was the perfect Pan Am Games goodbye for the 34-year-old four-times Olympic medallist, who has announced she will retire after next year's Paris Summer Games. Fencing was an all-American battle on Tuesday with Tokyo Olympic bronze medallist Nick Itkin and Magda Skarbonkiewicz taking gold. The U.S. continues to top the medal table with 76 gold while it closes in on 200 total medals with 178.

Persons: SANTIAGO, Santiago Adolfo Ford, Ford, Jose Fernando Ferreira, Ryan Talbot, Damian Warner, Karen Araya, Yanara Aedo, Dominican Republic's Jose Alnardo Gonzalez, Caridad Garcia, Kasey Knevelbaard, Canada's Charles Philibert, Thiboutot, Colombia's Arnovis, Jesus Dalmero, Idalys Ortiz, Ortiz, Driulis Gonzalez, Nick Itkin, Magda Skarbonkiewicz, romped, Miles Chamley Watson, Maia Chamberlain, Amy Wang, Rachel Sung, Brazil's Giulia, Bruna Takahashi, Jorge Campos, Andy Diez, Brazil's Hugo Calerano, Vitor Ishiy, Steve Keating, Robert Birsel Organizations: Pan American Games, Ford, Canada's Tokyo, Pan Ams, Vina del Mar, Estadio Sausalito, U.S, Cuba, Pan, Tokyo Olympic, Brazil's, Thomson Locations: Toronto, Lima, Vina del, Chile, Mexico, Dominican, U.S, Brazil, Cuba, Canada, Venezuela, Cuban, Santiago

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

View of the Cobre Panama mine, of Canadian First Quantum Minerals, in Donoso, Panama, December 6, 2022. President Laurentino Cortizo announced that the new mining restrictions will apply to both future mining projects as well as those currently seeking permits. The abrupt mining pause comes barely a week after Cortizo hailed the revised contract that allows the local unit of Canada's First Quantum (FM.TO) to continue operating its lucrative Cobre Panama project. "Panama is a mining country," Alexander told Reuters, arguing that without the mine, the country's economy would barely grow this year, versus the robust 6% growth the government estimates. The Cobre Panama mine alone accounts for nearly 5% of Panama's economy.

Persons: Laurentino Cortizo, Cortizo, Hector Alexander, Alexander, Panama's, Edison Broce, Valentine Hilaire, Christian Plumb, Marguerita Choy, Raju Gopalakrishnan Organizations: Minerals, REUTERS, Aris, Reuters, Thomson Locations: Panama, Donoso

☆ Canadian dollar hits 7-month low as BoC stays sidelined
▼ + stars: | 2023-10-25 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto, January 23, 2015. The Canadian central bank held its key overnight rate at a 22-year high of 5.0%, as expected, for a second straight meeting. Wall Street fell after lackluster corporate results, while the U.S. dollar (.DXY) rallied against a basket of major currencies. Canadian government bond yields were higher across a steeper curve but the move for shorter-dated maturities was less than for the equivalent U.S. Treasury yields. The 2-year rose 2.9 basis points to 4.749%, while the 10-year was up 11.3 basis points at 4.131%.

Persons: Mark Blinch, Tom O'Gorman, we're, Michael Goshko, maturities, Fergal Smith, Sandra Maler Organizations: REUTERS, greenback, BoC, Canadian, U.S, Bank of, Franklin Templeton, Convera Canada, U.S ., Treasury, Thomson Locations: Toronto, TORONTO, Canadian, Franklin Templeton Canada, Wall

☆ Canada says it has completed talks on bilateral investment deal with Taiwan
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +1 min

Canada's International Trade Minister Mary Ng speaks during Question Period in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada November 29, 2021. REUTERS/Blair Gable/File Photo Acquire Licensing RightsOTTAWA, Oct 24 (Reuters) - Canada and Taiwan have completed talks on a bilateral deal to boost foreign investment and will work to make sure it comes into effect promptly, Canadian Trade Minister Mary Ng said in a statement on Tuesday. The Foreign Investment Promotion and Protection Arrangement is part of Canada's plan to increase trade and influence in the fast-growing Indo-Pacific region. Trade between Canada and Taiwan totaled C$10.2 billion in 2021, up from C$7.4 billion in 2020, according to official Canadian figures. China, which views self-governing Taiwan as its own territory, has sour relations with Canada.

Persons: Mary Ng, Blair Gable, David Ljunggren, Chizu Organizations: Canada's International Trade, REUTERS, Rights OTTAWA, Canadian Trade, Foreign Investment, Thomson Locations: Ottawa , Ontario, Canada, Taiwan, Trade, China, Ottawa

☆ BoC likely done raising rates, to cut by mid-2024 say economists: Reuters poll
▼ + stars: | 2023-10-20 | by ( Milounee Purohit | ) www.reuters.com time to read: +4 min

The risk of a revival in inflation, last measured at 3.8%, has led most to forecast now is not the time for the central bank to strongly signal they are done raising rates. Twenty-nine of 32 economists polled Oct. 13-20 expect no change to the central bank's 5.00% overnight rate (CABOCR=ECI), with the remaining three expecting a 25 basis point hike. While most are confident the central bank is done hiking, a significant minority of economists who answered an additional question, 8 of 18, said the risk of the BoC raising rates at least once more is "high". Still, a two-thirds majority, 20 of 30, see the BoC cutting its overnight rate at least once before end-June 2024. The distribution of where economists saw the overnight rate by end-June was split many ways.

Persons: Randall Bartlett, underscoring, Tony Stillo, Milounee Purohit, Maneesh Kumar, Ross Finley, Jonathan Oatis Organizations: Bank of Canada, BoC, Desjardins, U.S . Federal Reserve, Oxford Economics, Bank, Thomson Locations: BENGALURU, 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's Conservative leader urges rejection of RBC's offer for HSBC Canada -media
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +1 min

A sign for the Royal Bank of Canada in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos Osorio/File Photo Acquire Licensing RightsOct 19 (Reuters) - Pierre Poilievre, Canada's Conservative party leader, called for the federal government to reject Royal Bank of Canada's (RY.TO) C$13.5 billion ($9.84 billion) offer to buy HSBC's (HSBA.L) domestic unit, the Globe and Mail reported on Thursday. "If the biggest bank in Canada simply buys up a growing smaller player, then there's no hope of ever having more competition in Canadian banking," he told the newspaper. Last month, Canada's Competition Bureau said that RBC's takeover of HSBC Canada was unlikely to hurt competition, clearing the way for the country's largest bank to push ahead with its biggest acquisition. Still, the regulator found that the deal would "result in a loss of rivalry between Canada's largest and seventh-largest banks."

Persons: Carlos Osorio, Pierre Poilievre, Poilievre, Gnaneshwar Rajan, Christian Schmollinger Organizations: Royal Bank of Canada, REUTERS, Conservative, Royal Bank of Canada's, Globe and Mail, HSBC, HSBC Canada, Thomson Locations: Toronto , Ontario, Canada

☆ Canadian PM says India's actions making life hard for millions of people
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +1 min

OTTAWA, Oct 20 (Reuters) - Prime Minister Justin Trudeau said on Friday the Indian government's crackdown on Canadian diplomats was making normal life difficult for millions of people in both countries. Trudeau spoke a day after Canada said it had withdrawn 41 diplomats following an Indian threat to unilaterally revoke their status. "The Indian government is making it unbelievably difficult for life as usual to continue for millions of people in India and in Canada. Trudeau said the expulsion of some of Canada's diplomats will hamper travel and trade and pose difficulties for Indians studying in Canada. India is by far Canada's largest source of global students, making up for roughly 40% of study permit holders.

Persons: Justin Trudeau, Trudeau, contravening, David Ljunggren, Rod Nickel Organizations: OTTAWA, Thomson Locations: Canada, New Delhi, India, Brampton , Ontario, Vienna, Ottawa

REUTERS/Chris Helgren/File Photo Acquire Licensing RightsWASHINGTON, Oct 20 (Reuters) - The U.S. State Department on Friday urged India not to insist on Canada reducing its diplomatic presence in the country after Ottawa pulled out 41 diplomats this week amid a dispute over the murder of a Sikh separatist leader. "We are concerned by the departure of Canadian diplomats from India, in response to the Indian government's demand of Canada to significantly reduce its diplomatic presence in India," State Department spokesperson Matthew Miller said. Canada has alleged Indian involvement in the June murder of Canadian citizen and Sikh separatist leader Hardeep Singh Nijjar, whom India called a "terrorist." But Friday's statement from the U.S. State Department has been the most direct criticism by Washington of New Delhi thus far in this case. Canada withdrew 41 diplomats from India after New Delhi last month asked Ottawa to reduce its diplomatic presence following Canada's allegations over Nijjar's killing.

Persons: Nanak, Hardeep Singh Nijjar, Chris Helgren, Matthew Miller, Washington, Kanishka Singh, Costas Pitas, Josie Kao Organizations: REUTERS, Rights, U.S . State Department, Ottawa, Department, Analysts, Diplomatic Relations, State Department, Thomson Locations: Surrey, British Columbia, Canada, India, U.S, China, Washington of New Delhi, Vienna, New Delhi, Ottawa

It was unclear what stake JFE was seeking or what price it was offering. Japan's Nippon Steel (5401.T) has previously said it was looking to buy a 10% stake in Teck's coal business for C$1.15 billion, valuing the overall business at about C$11.5 billion, with an option of increasing its stake to 17.5%. Glencore has said it will consider buying the coal business for about $8.5 billion. JFE Steel holds 15% equity in India's JSW Steel (JSTL.NS), which was also exploring an investment in Teck's coal business. Price said the company had two options -- a 100% sale of the coal business for cash or a partial sale of the coal business, with proceeds going to growing the copper business.

Persons: Chris Helgren, Glencore, Major steelmakers, Teck, JFE, Jonathan Price, Price, Divya Rajagopal, Neha Arora, Denny Thomas, Nick Zieminski, Rod Nickel Organizations: Teck Resources, Developers Association of Canada, REUTERS, Rights, JFE Steel Corp, Canada's Teck Resources, Reuters, Japan's Nippon Steel, JFE Steel, JSW, Thomson Locations: Teck, Toronto , Ontario, Canada, Canada's Teck, Russia, JFE, Tokyo, Australia, Swiss, Toronto, India

I've used several banks over the years, and I recently looked into switching to online banking. I've moved most of my investments to an online account so I don't focus on it every day. I inherited my first bank from my mother — the largest of Canada's Big Five banks, Royal Bank of Canada. When I lived in Switzerland, my husband and I had a shared bank account with United Bank of Switzerland. When I had all of my investments with BMO, it meant that I would see what my long-term investments were doing anytime I logged into my online banking.

Persons: I've, —, Scott, I'm Organizations: Service, Royal Bank of Canada, United Bank of Switzerland, BMO, Big Locations: Switzerland, Canada

☆ Canada to invest C$1.1 bln in satellite tech for better earth data
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

Oct 18 (Reuters) - Canada on Wednesday said it will invest C$1.01 billion ($740.90 million) over the next 15 years in satellite technology to boost the earth observation data that it uses to track wildfires and other environmental crises. The new initiative called Radarsat+ will gather information about Earth's oceans, land, climate, and populated areas, a statement by the Canadian Space Agency (CSA) said. Data collected from earth observation technologies allows scientists to see how the planet changes and make decisions to deal with emergencies like wildfires or longer-term issues like climate change. Canada has previously launched three satellite missions under the Radarsat program - Radarsat-1, Radarsat-2 and the Radarsat Constellation Mission (RCM). The investment will also help develop a replacement for RCM, CSA said.

Persons: Juby Babu, Tasim Zahid Organizations: Canadian Space Agency, MDA, CSA, RCM, Thomson Locations: Canada, Radarsat, CSA, Bengaluru

☆ Canada targets Airbnb, others to ease rental shortage
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Susana Vera/File photo Acquire Licensing RightsOTTAWA, Oct 17 (Reuters) - Canada will take steps in the coming weeks to ease a rental-unit shortage exacerbated by Airbnb (ABNB.O) and other short-term rental platforms, Finance Minister Chrystia Freeland said on Tuesday. Freeland said the government is examining options to ensure more short-term rentals become available as long-term rentals. Cities around the United States are more closely regulating short-term rentals, including by requiring hosts to obtain licenses and pay registration fees. In that province, there are 28,000 daily active short-term rental listings, up 20% from a year ago. Freeland's comments come a day after the banking regulator Office of the Superintendent of Financial Institutions shelved some planned mortgage rules related to tighter regulatory limits on debt-service coverage.

Persons: Finance Chrystia Freeland, Susana Vera, Chrystia Freeland, Freeland, Airbnb, David Ljunggren, Nivedita Balu, Alistair Bell, Rod Nickel Organizations: Finance, IMF, World Bank, REUTERS, Rights OTTAWA, British Columbia, Thomson Locations: Marrakech, Morocco, Canada, United States, Florence, Italy, Byron, British, Freeland, Toronto, Vancouver, Montreal, Ottawa

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

☆ Dollar up after inflation data boost
▼ + stars: | 2023-10-13 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +4 min

The employee of a currency exchange shop counts U.S. dollar banknotes in Ciudad Juarez, Mexico July 27, 2023. Data on Wednesday had shown U.S. producer prices increased more than expected in September amid higher costs for energy products and food. The dollar index , which measures the U.S. currency against six of its major peers, ticked up 0.11% to 106.63. Sweden's crown , edged up against both the dollar and euro after consumer price data came in higher-than-forecast, adding to risks that the Riksbank could raise rates further. Investors also digested producer and consumer prices data out of China on Friday that showed deflationary pressures were slightly stronger than expected.

Persons: Jose Luis Gonzalez, Helen, Jonas Goltermann, Patrick Harker, Adam Cole, Saqib Iqbal Ahmed, Brigid Riley, Samuel Indyk, Miral Fahmy, Mark Potter, Alexander Smith, Jonathan Oatis Organizations: REUTERS, U.S, Federal, Reuters, PPI, Capital Economics, Fed, Federal Reserve Bank of Philadelphia, RBC, of Canada, Thomson Locations: Ciudad Juarez, Mexico, Israel, Gaza, Sweden's, China

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

India is by far Canada's largest source of global students in the country's fast-growing international education business, making up for roughly 40% of study permit holders. International students contribute over C$20 billion ($14.6 billion) to the Canadian economy each year. Reuters spoke to more than a dozen universities and consultants in Canada and India who said they were taking measures to reassure students. Last week, Canadian Immigration Minister Marc Miller described international students "an asset that is very lucrative". In Punjab's Amritsar, home to the Golden Temple, one of the holiest sites in Sikhism, over 5,000 students moved to Canada last year.

Persons: Justin Trudeau, Hardeep Singh Nijjar, We've, Joseph Wong, Ashok Kumar Bhatia, John Tibbits, Tibbits, Marc Miller, Rhonda Lenton, Jiwan Sharma, Melanie Joly, Gurbakhshish Singh, Nivedita Balu, Wa, Manoj Kumar, Denny Thomas, Josie Kao Organizations: Canada's, Canadian, Reuters, University of Toronto, Reuters Graphics, Association of Consultants, Overseas Studies, Conestoga, York, Taxi, Thomson Locations: India's, Vancouver , British Columbia, Canada, TORONTO, AMRITSAR, India, New Delhi, British Columbia, Kitchener , Ontario, Punjab, Punjab's Amritsar, Ottawa, Amritsar, Wa Lone, Toronto

☆ Canadian dollar hits 6-month low as bond yields soar
▼ + stars: | 2023-10-03 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto, January 23, 2015. "It's been dragged around with higher U.S. yields, that's for sure," said Amo Sahota, director at Klarity FX in San Francisco. "The U.S. dollar has been on an 11-week run to the upside, so that's not necessarily helping the loonie." Vincent's comments helped underpin Canadian bond yields, Sahota said, adding that the market is "still gunning for another rate hike" from the Canadian central bank. Canadian government bond yields surged across the curve, playing catch-up with moves in U.S. Treasuries after the Canadian market was closed on Monday.

Persons: Mark Blinch, It's, Amo Sahota, Nicolas Vincent said, Vincent's, Sahota, gunning, Fergal Smith, Richard Chang Organizations: REUTERS, greenback, Canadian, U.S, Bank of Canada, FX, BoC, Treasuries, Thomson Locations: Toronto, TORONTO, San Francisco, U.S, Canadian

☆ India-Canada ties fray in dispute over Sikh separatist killing
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +3 min

Hardeep Singh Nijjar was shot dead by unidentified gunmen outside a Sikh temple on June 18 in a Vancouver suburb. * Indian Prime Minister Narendra Modi conveyed strong concerns about Sikh separatist protests in Canada to Prime Minister Justin Trudeau on the sidelines of a G20 summit in New Delhi on Sept. 10. * Canada postponed a trade mission to India planned for October led by Trade Minister Mary Ng, a spokesperson for the minister said on Sept. 15. * India suspended issuing new visas for Canadians on Sept. 22 and asked Ottawa to reduce its diplomatic presence in India. * India's steel secretary told reporters on Sept. 28 that Indian exports to Canada were marginal and have not been affected by the diplomatic row.

Persons: Nanak, Hardeep Singh Nijjar, Chris Helgren, Justin Trudeau, Narendra Modi, Mary Ng, Trudeau, Nijjar, Shivam Patel, YP Rajesh, Simon Cameron, Moore Organizations: REUTERS, Financial Times, Canadian, Trade, Reuters, JSW Steel, Teck Resources, YP, Thomson Locations: Surrey, British Columbia, Canada, DELHI, India, Vancouver suburb, New Delhi, Canadian, U.S, Australia, Britain, Teck, Ottawa

☆ Canadian factory PMI falls to three-year low in September
▼ + stars: | 2023-10-02 | by ( Fergal Smith | ) www.reuters.com time to read: +1 min

The S&P Global Canada Manufacturing Purchasing Managers' Index (PMI) fell to a seasonally adjusted 47.5 in September, its lowest level since May 2020, from 48.0 in August. "In line with the global industrial downturn, the Canadian manufacturing sector continued to experience lacklustre performance during September," Paul Smith, economics director at S&P Global Market Intelligence, said in a statement. "Output and new orders both fell to steeper degrees amid evidence of slow market demand. The output index fell to its lowest level since August 2022 at 45.6 from 47.7 in August. Signs that cost pressures were stabilizing provided some encouragement, with the input price index dipping to 50.4 from 53.9 in August.

Persons: Paul Smith, Smith, Fergal Smith, Andrea Ricci Organizations: TORONTO, P Global Canada Manufacturing, PMI, P Global Market Intelligence, Bank of, Thomson Locations: Canadian

☆ Canada economy stalled in July, most likely grew by 0.1% in Aug
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Christinne Muschi Acquire Licensing RightsOTTAWA, Sept 29 (Reuters) - Canada's economy stalled in July as the manufacturing sector posted its biggest decline for more than two years, but it most likely grew by 0.1% in August, Statistics Canada said on Friday. Analysts polled by Reuters had forecast a 0.1% month-over-month rise in July. Overall, the service-producing sector edged up 0.1% in July while the goods-producing sector posted a 0.3% contraction. The manufacturing sector shrank by 1.5% over June, the biggest month-on-month drop since April 2021, largely due to firms drawing down their inventories. The bank held its key overnight interest rate at 5% on Sept 6, noting the economy had entered a period of weaker growth.

Persons: Christinne, David Ljunggren, Dale Smith Organizations: Port, REUTERS, Rights, Statistics, Reuters, Bank of, Mining, Bank of Canada's, Thomson Locations: Port of Montreal, Montreal, Quebec, Canada, Statistics Canada, Pacific, British Columbia

☆ Canada's parliament accidentally honored a 98-year-old Nazi. Now Poland may try to extradite him and bring him up on charges.
▼ + stars: | 2023-09-26 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +2 min

Canada's parliament accidentally honored a 98-year-old former World War II Nazi soldier. Yaroslav Hunka was introduced as a "Ukrainian hero and a Canadian hero" but it was later revealed that he fought for the Waffen-SS. A Polish minister now says he's "taken steps" to extradite the elderly man. AdvertisementAdvertisementA Polish minister said Tuesday that he has "taken steps" to start the extradition of a 98-year-old Nazi who was accidentally honored in Canada's parliament over the weekend. "I have taken steps towards the possible extradition of this man to Poland," Czarnek added.

Persons: Yaroslav Hunka, —, Anthony Rota, Hunka, Volodymyr Zelenskyy —, Rota, Przemyslaw Czarnek, Zelenskyy, Czarnek Organizations: Nazi, Waffen, Service, Canada's, Commons, SS, SS Galicia Division, CBC, Nazi SS Locations: Ukrainian, Canadian, Polish, Canada's, SS Galicia, Poland

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