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[1/3] Mark Walsh, CEO of Savers Value Village, celebrates his company's IPO on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 29, 2023. REUTERS/Brendan McDermidJune 29 (Reuters) - Thrift store operator Savers Value Village (SVV.N) fetched a market capitalization of nearly $4 billion in a strong debut on the New York Stock Exchange on Thursday, underscoring a resurgence in the IPO market as investors lap up new listings. Savers Value, owned by private equity firm Ares Management (ARES.N), joins a host of companies that have enjoyed a warm reception in recent months, reviving hopes the frosty IPO market has begun to thaw. So really this (an IPO) was the right smart option for us to move forward," said Savers Value CEO Mark Walsh. Savers Value and Ares raised over $401 million in the share sale on Wednesday.

Persons: Mark Walsh, Brendan McDermid, Avery Spear, Johnson, Ares, Niket Nishant, Sri Hari, Echo Wang, Krishna Chandra Organizations: New York Stock Exchange, REUTERS, Ares Management, U.S, U.S . Federal, Renaissance, Rivian, Kodiak Gas Services, Fidelis Insurance Holdings, Canada's Healthcare, Ontario, Norway's Norges Bank Investment Management, Thomson Locations: New York City, U.S, U.S ., Sri, Bengaluru, Echo, New York

Northvolt, which counts BMW (BMWG.DE) and Volkswagen (VOWG_p.DE) among its investors, last year delivered its first battery cells from its gigafactory in Skelleftea in Sweden. In its largest deal in Europe yet, IMCO has invested $400 million in Northvolt through convertible notes, it told Reuters. "Whether it (Northvolt) goes public or stays private, we've done our homework and we are happy with the investment." Matthew Mendes, IMCO's head of infrastructure, said the Northvolt investment was examined jointly by his team and IMCO's public equities managers. IMCO has an investment team of 110 staff, which it plans to grow as it looks for more investments overseas.

Persons: IMCO, we've, Northvolt, Stoyanova, Carlyle, Matthew Mendes, IMCO's, Mendes, Simon Jessop, Tommy Reggiori Wilkes, Marguerita Choy Organizations: Energy, Canada's Investment Management Corporation of Ontario, BMW, Volkswagen, Reuters, Blackstone, Thomson Locations: Europe, Swedish, Skelleftea, Sweden, Germany, Britain, North America, Ontario, Brookfield

☆ FDA considers temporary cancer drug imports from unapproved companies to ease U.S. shortage
▼ + stars: | 2023-06-01 | by ( Spencer Kimball | ) www.cnbc.com time to read: +5 min

She is one of hundreds of Ontario cancer patients who received diluted chemotherapy in the last year and who are still undergoing treatment to beat the disease. The FDA in the past has taken similar action to loosen restrictions on imports when faced with drug shortages. At least 14 cancer drugs are currently in short supply across the U.S. Up to 20% of cancer patients rely on platinum-based chemotherapy drugs such as cisplatin and carboplatin for treatment, according to the National Cancer Institute. Some cancer patients could die if the shortages are not quickly resolved, doctors said.

Persons: Dawn Deslippe, Diane Marley, Richard Lautens, Drug Administration –, Julie Gralow, We're, Gralow, —, Abdul Rafeh Naqash, Naqash, Philip Schwieterman, Schwieterman Organizations: Windsor Regional Hospital, Toronto Star, Getty, Drug Administration, CNBC, FDA, U.S, The American Society of Clinical Oncology, World Health, Pharmaceuticals, National Cancer Institute, American Society of Clinical Oncology, Stephenson Cancer Center, University of Oklahoma, University of Kentucky, kiwis Locations: WINDSOR, Ontario, United States, U.S, carboplatin

☆ Ontario to offer more money for Stellantis to resume battery plant
▼ + stars: | 2023-05-19 | by ( Sam Jabri-Pickett | ) www.reuters.com time to read: +2 min

[1/2] Ontario's Premier Doug Ford and Canada's Prime Minister Justin Trudeau answer questions from the media at the Stellantis Research and Development Centre in Windsor, Ontario, Canada May 2, 2022. ... Read moreTORONTO, May 19 (Reuters) - Ontario Premier Doug Ford said on Friday that his government will put more money on the table to help carmaker Stellantis (STLAM.MI) resume its battery plant in Canada. Stellantis on Monday stopped construction at a C$5 billion ($3.7 billion) electric-vehicle battery plant in Canada, which is being built in partnership with South Korea's LG Energy Solution (LGES) (373220.KS), saying Canada has not fulfilled the promises. read moreStellantis and LGES announced their battery plant investment in March last year, but tensions emerged when the United States in August passed the Inflation Reduction Act (IRA), a massive package of clean-tech incentives for companies. Canada's federal government has argued that the province of Ontario, where the battery plant is being built, should pay its share to resolve the dispute.

He said there are no statistics available showing more people are committing violent offences while on bail. The bill introduced this week comes after multiple high-profile violent crimes that police allege were committed by people on bail, including the killing of a police officer late last year. The bill needs to be passed in Parliament, where the governing Liberals have a minority and require support of another party. People jailed awaiting trial may feel pressured to plead guilty to get out of jail sooner, Brown said. "We just need to hold those accountable when they fail to do their jobs as bail supervisors or when people fail to abide by their bail terms."

[1/2] Canadian Prime Minister Justin Trudeau addresses the media during a tour of the Stellantis Windsor Assembly Plant in Windsor, Ontario, Canada. REUTERS/Rebecca CookOTTAWA, May 15 (Reuters) - Automaker Stellantis (STLAM.MI) has stopped construction at a more-than C$5 billion ($3.7 billion) electric-vehicle battery plant in Canada amid talks with the federal and provincial governments about their support for the factory. "Effective immediately, all construction related to the battery module production on the Windsor site has stopped," the spokesperson said. However, some construction related to battery cell production continues, the spokesperson said. The Volkswagen battery gigafactory is the biggest single investment ever in the country's electric-vehicle supply chain.

☆ Employee Monitoring and Surveillance
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +50 min

Ensuring Employee Safety and Systems SecurityEmployers may use electronic workplace monitoring and surveillance to protect their:Worksites. Potential Liability for Electronic Workplace Monitoring and SurveillanceEmployers that engage in electronic workplace monitoring and surveillance must comply with various federal and state laws, including:The Wiretap Act. Best Practices for Electronic Workplace Monitoring and SurveillanceTo avoid violating relevant state and federal laws, before conducting workplace monitoring and surveillance, employers should:Consider the purpose and appropriate scope of their monitoring and surveillance activities and what methods will help them achieve their objectives. Determine the Purpose of Workplace Monitoring and SurveillanceBefore conducting any workplace monitoring or surveillance, best practice is for employers to identify the purpose and goals of these activities to:Ensure that there is a legitimate business purpose for the planned monitoring and surveillance activities. Determine the scope of monitoring and surveillance necessary to accomplish the business purpose, and conduct only the minimum monitoring and surveillance necessary to meet that business need.

☆ A lawyer's license was suspended after he tried to sue his 'sugar baby' for $166 million
▼ + stars: | 2023-04-30 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

A lawyer was suspended after trying to sue his former "sugar baby" for C$226 million ($166 million). But a court said his conduct during the lawsuit was "unbecoming" and suspended him for a month. A lawyer who tried to sue his former "sugar baby" for C$229 million ($169 million) has been suspended after a court ruled he had become "obsessed" with the woman. Ramal-Shah urged the woman's mother to offer a settlement to keep the matter out of courts, before eventually suing the family. The court rejected Ramal-Shah's lawsuit because it was outside the statute of limitations and was "frivolous, vexatious, or otherwise an abuse of process."

☆ Canada Lands Volkswagen Battery Plant With Billions in Subsidies
▼ + stars: | 2023-04-21 | by ( Ian Austen | ) www.nytimes.com time to read: +1 min

Volkswagen’s first North American battery plant for electric vehicles will be built in Canada, and Prime Minister Justin Trudeau and other Canadian politicians made it clear on Friday that the country had effectively been in a bidding war with the United States. “Everyone wanted this.”Volkswagen announced last month that it would put its first battery plant outside Europe in Canada, but provided few details. On Friday, Canada and the province of Ontario said they would give the company a combined 1 billion Canadian dollars — about $750 million in U.S. currency — to construct the factory, which will cost 7 billion Canadian dollars overall. A separate agreement will provide 8 billion to 10 billion Canadian dollars in subsidies over the next decade to match benefits that Volkswagen would have received under the Inflation Reduction Act if it had put the factory in the United States. That amount is tied to battery production.

The incident took place in the city of Markham while the suspect, 28-year-old Sharan Karunakaran, was later arrested in Toronto, the York Regional Police said in a statement. Canadian Trade Minister Mary Ng condemned the incident and called it a hate crime, saying it had no place in Canadian society. Thousands of people attend the mosque at Markham. Police added they charged the suspect with uttering threats, assault with a weapon and dangerous driving. "This violence and Islamophobia has no place in our communities," the Canadian trade minister, who is a local member of parliament, said in a reaction to the incident.

☆ After immigrant deaths at border, calls to end U.S-Canada asylum pact grow louder
▼ + stars: | 2023-04-04 | by ( Molly Cone | ) www.reuters.com time to read: +2 min

The deaths come less than two weeks after the Safe Third Country Agreement (STCA) pact was amended, allowing refugee claimants to seek asylum in the first safe country they arrive in. Protesters presented a petition to Public Safety Minister Marco Mendicino, whose ministry is responsible for border patrol and policing in Canada. Critics say this policy separates families and pushes immigrants to try to cross the border via deadly informal routes. Total of eight people from two families died last week trying to enter the United States from Canada by boat across the St. Lawrence River near Akwesasne, Quebec. Canada and United States have maintained that STCA has is the best way to manage the world's longest land border.

☆ Former fighter pilot to be first Canadian to fly to the moon
▼ + stars: | 2023-04-03 | by ( Ismail Shakil | ) www.reuters.com time to read: +2 min

OTTAWA, April 3 (Reuters) - NASA on Monday said Canadian astronaut Jeremy Hansen will join a lunar flyby mission expected to take off for the moon in 2024 as part of an expedition that will make the former fighter pilot the first Canadian to explore beyond earth's orbit. Canadian Prime Minister Justin Trudeau, speaking to reporters in Quebec, said he was extraordinarily excited for Hansen. The mission, Artemis II, will also include the first woman, Christina Koch, and the first African American, Victor Glover, ever assigned as astronauts to a lunar mission. He served as a fighter pilot with the Royal Canadian Air Force between 2004 and 2009, before being picked for an astronaut recruitment program by the Canadian Space Agency. The crew members were announced by NASA and the Canadian Space Agency at an event near NASA's Johnson Space Center in Houston.

☆ Joe Biden’s Push to Counter China Steers EV Investments to Canada
▼ + stars: | 2023-03-22 | by ( Vipal Monga | ) www.wsj.com time to read: 1 min

TORONTO—Multinational companies are pumping billions of dollars into Canada’s electric-vehicle manufacturing sector, lured by government incentives, access to raw materials and cheap renewable energy. In the latest sign of interest in the country, German auto maker Volkswagen Group announced last week that it had chosen a site in the province of Ontario to build its first battery-cell plant outside Europe. A company spokesman declined to provide specifics about the investment, but Canada’s industry minister said the investment, in the town of St. Thomas, 120 miles northeast of Detroit, could rank as the largest ever made in Canada’s auto sector.

☆ Volkswagen Picks Canada for Site of First Battery Plant Outside Europe
▼ + stars: | 2023-03-10 | by ( William Boston | ) www.wsj.com time to read: 1 min

BERLIN— Volkswagen AG chose a site in the Canadian province of Ontario for its first battery plant outside Europe, taking advantage of the country’s rich raw materials—and possibly cashing in on U.S.-legislated incentives aimed at encouraging green-tech investments in North America. The location of Volkswagen’s next battery plant has been a recent flashpoint in the competition between the U.S. and Europe to boost investment aimed at transitioning to a low-emission economy. Last year, the Biden administration passed environmental, healthcare and tax legislation—called the Inflation Reduction Act—that included hundreds of billions of dollars in subsidies and incentives aimed at boosting the country’s clean energy industry and encouraging certain investments in North America.

☆ Toronto school board becomes first in Canada to recognize caste discrimination
▼ + stars: | 2023-03-09 | by ( Kanishka Singh | ) www.reuters.com time to read: +2 min

March 9 (Reuters) - Toronto's school board has become the first in Canada to recognize that caste discrimination exists in the city's schools and has asked a provincial human rights body to help in creating a framework to address the issue. The Toronto District School Board on Wednesday voted in favor of a motion to that effect, which was introduced by board trustee Yalini Rajakulasingam. It comes weeks after Seattle became the first U.S. city to outlaw caste discrimination after a city council vote. Rajakulasingam called for a partnership between the human rights commission of Ontario, Canada's most populous province, and Toronto's school board. Activists opposing caste discrimination say it is no different from other forms of discrimination like racism and hence should be outlawed.

☆ I compared the best business-class trains I've ever taken in Canada and Italy, and my favorite cost half the price
▼ + stars: | 2023-01-29 | by ( Joey Hadden | ) www.businessinsider.com time to read: +1 min

I recently traveled by train in business class in two countries to see how they compared: a Via Rail train in Canada and a Trenitalia train in Italy. The author rides in business class on trains in Canada (L) and Italy (R). Later that week, I took a 6-hour Via Rail business-class ride in Canada from Toronto to Montréal. Two months later, I took a 4-hour Trenitalia business-class ride in Italy from Venice to Rome during a two-week train trip through Europe. So, I decided to compare my train trips in Canada and Italy to figure out which country offered the best business-class experience.

☆ Fact Check-Video showing Tamil celebration in Waterloo, Canada, does not involve UK government officials and staff
▼ + stars: | 2023-01-24 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

It does not involve officials or staff from Britain’s defence ministry or the UK Prime Minister’s office. Rather, the video shows a celebration among officials in the Canadian province of Ontario. The earliest version of the clip Reuters found was in a Facebook group named Tamil Culture Waterloo Region. The caption says it shows a Tamil Thai Pongal celebration involving “region of Waterloo politicians, regional chair city mayors, councilors and police chief and staff” (here). The video shows celebrations taking place in the Canadian city of Waterloo, with no British government officials or staff attending.

☆ The Campaign to Re-Educate Jordan Peterson
▼ + stars: | 2023-01-05 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

You would think Canadians had learned by now not to tell Jordan Peterson what to say. The psychology professor became an internet sensation in 2016 after arguing that Canadian legislation amounted to “compelled speech” on gender pronouns. Now the College of Psychologists of Ontario is demanding that Mr. Peterson acknowledge he “lacked professionalism” in public statements and undergo a “coaching program” of remedial education. Maybe the new commissars missed Mr. Peterson’s videos praising Aleksandr Solzhenitsyn, the man who said: “Live not by lies.” Mr. Peterson won’t comply, and he says he’ll now face a disciplinary committee that could revoke his license to practice.

TORONTO, Dec 28 (Reuters Breakingviews) - Like dogs seeking forever homes, stray pet businesses will find new owners in 2023. After a surge in Covid-19 lockdown adoptions, some seven out of 10 U.S. households owned one, according to a recent survey by The American Pet Products Association. Nestlé (NESN.S) boss Mark Schneider, for one, said he is open to opportunities in pet food, while Colgate-Palmolive (CL.N) recently bought additional manufacturing facilities to beef up its Hill’s Pet Nutrition division. Privately held Mars, which acquired Canada-based Champion Petfoods and Nom Nom, also could be on the hunt. Separately, Mars also agreed to acquire pet food brand Nom Nom for an undisclosed price, Bloomberg reported on Jan. 14.

☆ Exclusive: Tesla has considered exporting EVs from Shanghai to U.S., Canada
▼ + stars: | 2022-11-12 | by ( ) www.reuters.com time to read: +5 min

Tesla's evaluation has included consideration of whether parts made by Tesla's China-based suppliers would be compliant with regulations in the United States and Canada, they said. Tesla would not be the first U.S. automaker to ship made-in-China vehicles to the United States. Tesla's Shanghai Gigafactory has the capacity to produce 1.1 million electric vehicles per year after an upgrade earlier this year, making it Tesla's most productive manufacturing hub. The Shanghai plant makes Model 3 sedans and Model Y crossovers to sell in China and for export to markets including Europe, Australia and Southeast Asia. That means Tesla vehicles could potentially be exported to North America at a competitive price.

☆ Education workers agree to end strike in Canada's Ontario
▼ + stars: | 2022-11-07 | by ( Ismail Shakil | ) www.reuters.com time to read: +2 min

OTTAWA, Nov 7 (Reuters) - Striking education sector workers in Canada's most populous province agreed to return to work after the Ontario government on Monday offered to rescind a controversial law that imposed a contract on the workers and outlawed strikes. The Ontario government's offer to repeal the law was hailed as a victory by workers, which include educational assistants, secretaries and library workers. "I'm glad CUPE has agreed to withdraw its strike action so kids can return to class," Ford said in a tweet. "We'll be back at the table to negotiate a fair deal — for students, parents, workers and taxpayers." Reporting by Ismail Shakil in Ottawa; editing by Deepa Babington, Grant McCool and Richard ChangOur Standards: The Thomson Reuters Trust Principles.

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