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A sign outside the Guru Nanak Sikh Gurdwara temple is seen after the killing on its grounds in June 2023 of Sikh leader Hardeep Singh Nijjar, in Surrey, British Columbia, Canada September 18, 2023. India Prime Minister Narendra Modi's government has categorically rejected Canada's suspicions that Indian agents had links to the murder. The dispute deals a fresh blow to diplomatic ties that have been fraying for years, with New Delhi unhappy over Sikh separatist activity in Canada. The Washington Post reported on Tuesday that weeks before Trudeau's allegations against India, Canada had asked its closest allies, including the U.S., to publicly condemn the Sikh separatist leader's killing, but the requests were turned down. The Canadian foreign ministry also said that claims that "Canada asked allies to publicly condemn the murder of Hardeep Singh Nijjar, and were subsequently rebuffed, are false."

Persons: Nanak, Hardeep Singh Nijjar, Chris Helgren, John Kirby, Justin Trudeau, Kirby, Narendra Modi's, There's, Nijjar, Jarrett Renshaw, Leslie Adler, Timothy Gardner, Bill Berkrot Organizations: REUTERS, Canadian, India, Washington Post, Thomson Locations: Surrey, British Columbia, Canada, India, New Delhi, United States, U.S, Canadian, Australia, New Zealand

☆ Who was Hardeep Singh Nijjar and what just happened between Canada and India?
▼ + stars: | 2023-09-20 | by ( Rhea Mogul | ) edition.cnn.com time to read: +9 min

Blair Gable/ReutersIndia responded hours later by rejecting Trudeau’s allegations, accusing Canada of harboring terrorists and claiming its inaction against extremists had been a “long-standing” concern. Nijjar’s death in June shocked the Sikh community in Canada, one of the largest outside India with more than 770,000 members. Gurpatwant Singh Pannun told CNN that Nijjar was asked to be careful and avoid giving “big talks” or he would be targeted. India's Prime Minister Narendra Modi shakes hands with the youngest son of Canada's Prime Minister Justin Trudeau while attending a ceremonial reception at the Presidential Palace in New Delhi on February 23, 2018. When Trudeau visited India in 2018, his calendar, which was light on diplomatic meetings, was seen by many as a “snub” from New Delhi.

Persons: Justin Trudeau, Trudeau, Canada wasn’t, ”, Hardeep Singh Nijjar, cratering, Nijjar, Melanie Joly, Blair Gable, –, “, Hardeep Singh, India’s UAPA, Gurpatwant Singh Pannun, Pannun, Harsh Pant, Modi, Narendra Modi, Canada's, PRAKASH SINGH, ” Pant, Michael Kugelman, Joe Biden, Rishi Sunak, Australia’s Anthony Albanese, Adrienne Watson, Penny Wong, I’m, ” Kugelman, would’ve “, Kugelman, Canada would’ve Organizations: CNN, Canadian, Canada, Reuters, Canada –, British Columbia Gurdwaras, India’s, Indian National Investigation Agency, Khalistan, Royal Canadian Mounted Police, Justice, Observer Research Foundation, India's, AFP, Getty, Indian Army, South Asia Institute, Wilson Center, British, National Security, Australian Foreign Locations: India, New Delhi, United States, Canada, Ottawa, Indian, Reuters India, Canadian, British, Ontario, India’s Punjab, New York, AFP, Toronto, China, Australia, Britain, New Zealand

"India is important in Western calculations for balancing China, and Canada is not," said Stephanie Carvin, a professor of international relations at Ottawa's Carleton University. A free trade deal would be a "major political win" for both India and Britain, Bajpaee said. Reuters Graphics'WAITING GAME'White House national security adviser John Kirby said the United States was "deeply concerned" and encouraged Indian officials to cooperate in any investigation. Britain, the United States, Canada and others threw out more than 100 Russian diplomats to punish Moscow for an attack it has always denied carrying out. Canada has not made public the intelligence it has because there is an active murder investigation, the senior source said.

Persons: Narendra Modi, Justin Trudeau, Evan Vucci, Stephanie Carvin, Hardeep Singh Nijjar, James, Chietigj Bajpaee, Bajpaee, John Kirby, Trudeau, Kirby, Sergei Skripal, Yulia, Wesley Wark, Canada's, Richard Fadden, Steve Scherer, David Ljunggren, Andrew MacAskill, Jonathan Oatis Organizations: Indian, Canada, Bharat, Ottawa's Carleton University, Chatham House, Reuters Graphics, White House, Washington Post, week's, Centre for International Governance Innovation, Canadian Security Intelligence Service, CTV, Thomson Locations: New Delhi, India, Britain, China Canada, OTTAWA, Canada, United States, China, Ottawa, Australia, New Zealand, London, England, Moscow, Waterloo , Ontario

☆ Indian shares set to open lower with HDFC, Fed decision in focus
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

India's GIFT Nifty (.GIFc1) on the NSE International Exchange was down about 0.1% at 20,080.5 points, as of 8.20 a.m IST. HDFC Bank (HDBK.NS) on Monday said its gross non-performing assets will likely increase as of July 1, after its merger with HDFC. CPP had increased its investment in Indian markets to about $15 billion, as of the fiscal year ending March. Foreign investors sold 12.37 billion rupees ($148.64 million) worth of shares on a net basis on Monday, while their domestic counterparts bought 5.53 billion rupees worth of equity, according to stock exchange data. ($1 = 83.2230 Indian rupees)Reporting by Archishma Iyer in Bengaluru; Editing by Sonia CheemaOur Standards: The Thomson Reuters Trust Principles.

Persons: Niharika Kulkarni, Archishma Iyer, Sonia Cheema Organizations: Bombay Stock Exchange, REUTERS, HDFC Bank, U.S . Federal, NSE, BSE, HDFC, Investors, Bharat Dynamics, IAF, Thyrocare, Tata Motors, Thomson Locations: Mumbai, India, Canada, Bengaluru

"We leveraged our union's most powerful weapon: the right to strike," Unifor said of the tentative deal in a statement. Unifor had sought improved wages and pensions, as well as support in the transition to electric vehicles and additional investment commitments by Ford. The Canadian union will now turn to getting deals with General Motors (GM.N) and Chrysler parent Stellantis (STLAM.MI), whose deadlines had been extended while the Ford talks proceeded. The UAW has said it will announce strikes against more U.S. plants on Friday if no serious progress is made in talks with automakers. Many UAW workers are most concerned about the tiered wage structure that they say has created a yawning gap between newer and older employees, forcing some to work two jobs to make ends meet.

Persons: Unifor, Stellantis's Ram, Ford, Roxanne Stadtfeld, Anirudh Saligrama, Ben Klayman, Richard Chang, Jamie Freed Organizations: DETROIT, United Auto Workers, Detroit Three, Ford, General Motors, Chrysler, Reuters Graphics, Ford Bronco, Chevrolet, UAW, GM's, Silverado, DoorDash, Thomson Locations: Canada, Canadian, U.S, Michigan , Ohio, Missouri, Chevrolet Colorado, Ohio, Michigan, Monroe , Michigan, Bengaluru, Ben, Detroit

New anti-obesity drugs have the potential to transform public health, while obliterating demand for products and services from the medical, food and fitness industries. Drugs developed by Novo Nordisk (NOVOb.CO) and Eli Lilly (LLY.N) appear to be the first truly effective diet treatments. In one clinical trial, patients taking Eli Lilly’s soon-to-be-launched weight-loss drug lost about 50 pounds (23 kg). Only about a third of those who started taking the drugs for obesity were still doing so a year later, according to one analysis. Yet even as Novo, Lilly and others see their addressable markets expand, some companies will see theirs shrink.

Persons: Lilly, George Frey, Eli Lilly, Eli Lilly’s, Novo, Wegovy, Kraft Heinz, Burger, LSEG, Michael Farrell, Zimmer Biomet, Smith, Peter Thal Larsen, Sharon Lam, Oliver Taslic Organizations: Novo Nordisk, Pharmacy, REUTERS, Reuters, TAM, Drugs, Alpha, Reuters Graphics Reuters, Cadbury, Mondelez, Fortune Business, Burger King, KFC, Yum Brands, Centers for Disease Control, Milken Institute, BMJ, Novo, Inspire Medical Systems, Novo Nordisk’s, WW International, Fashion, Thomson Locations: Provo , Utah, U.S, New, United States, Lilly, England

☆ Ford avoids Canadian auto strike with Unifor union deal
▼ + stars: | 2023-09-20 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Lana Payne speaks to delegates after being elected as president of UNIFOR, Canada's largest private sector union, at the Metro Toronto Convention Centre on Aug. 10, 2022. The Canadian tentative agreement was reached on day five of the United Auto Workers union initiating targeted strikes against Ford and its crosstown rivals General Motors and Chrysler-parent Stellantis . DETROIT – Ford Motor avoided having to face labor strikes on both sides of the U.S.-Canada border Tuesday night, as the automaker and Canadian union Unifor announced a tentative deal covering 5,600 autoworkers in the country's Ontario providence. Unifor, which represents 18,000 Canadian workers at the Detroit automakers, took a more traditional approach to its negotiations than its U.S. counterpart did. The Canadian union picked Ford as its "target" company instead of following the UAW's new strategy of bargaining with all three automakers.

Persons: Lana Payne, UNIFOR, Unifor, Ford, Shawn Fain Organizations: Metro Toronto Convention, Plant, Ford Edge, Lincoln Nautilus, Ford, United Auto Workers, General Motors, Chrysler, Detroit, Ford Motor, U.S ., Detroit automakers, U.S, GM, UAW Locations: Oakville, Unifor, DETROIT, U.S, Canada, Ontario, autoworkers, Wentzville , Missouri, Wayne , Michigan, Toledo , Ohio

☆ What We Know About Canada’s Claims Against India About a Sikh’s Killing
▼ + stars: | 2023-09-20 | by ( Jin Yu Young | More About Jin Yu Young | ) www.nytimes.com time to read: +1 min

Mr. Nijjar was a self-proclaimed “Sikh nationalist who believes in and supports Sikhs’ right to self-determination and independence of Indian-occupied Punjab through a future referendum,” according to an open letter he wrote to the Canadian government in 2016. The Indian government declared Mr. Nijjar a terrorist in 2020, decades after he left India. It accused him of plotting a violent attack in India and leading a terrorist group called the Khalistan Tiger Force. Mr. Nijjar was shot in June near the Sikh temple that he led. On Monday, the Canadian prime minister told lawmakers that “agents of the government of India” had been linked to Mr. Nijjar’s killing on Canadian soil.

Persons: Nijjar, India ”, Nijjar’s Organizations: British Columbia, Khalistan Tiger Force, Royal Canadian Mounted Police Locations: Punjab, British, Canada, Punjab State, India

☆ Block Inc's Square enters Canadian pot market with Jane Technologies as partner
▼ + stars: | 2023-09-20 | by ( Sourasis Bose | ) www.reuters.com time to read: +2 min

The logo for Square, Inc. is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021. REUTERS/Andrew Kelly Acquire Licensing RightsSept 20 (Reuters) - Square, a unit of fintech company Block Inc (SQ.N), said on Wednesday it would enter the Canadian cannabis market through a partnership with e-commerce platform Jane Technologies. Those who sign-up with Square for payments systems in physical stores would also be able to use Jane's platform for selling their products online, the companies said. Jane had entered Canada by partnering pot firm High Tide (HITI.V) in 2021. Rosenfeld said when regulations would allow for it, Jane is prepared to move this partnership beyond Canadian borders.

Persons: Andrew Kelly, —, Jack Dorsey, Jane, Roshan Jhunja, Socrates Rosenfeld, Rosenfeld, Sourasis Bose, Shilpi Majumdar Organizations: Inc, New York Stock Exchange, REUTERS, Block Inc, Jane Technologies, Twitter, Reuters, Thomson Locations: Manhattan , New York City, U.S, Ontario, Canada, Bengaluru

Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. He said oil and gas reserves are depleting at 5-7% annually, and output will decline if companies stop investing to replace them. The Canadian government has not finalised subsidies for projects to capture and sequester emissions and is developing a cap on oil and gas emissions. Not all oil companies are reducing spending on production. Greater oil production could provide the revenue to pursue net-zero aims, Rath said.

Persons: Agustin Marcarian, Darren Woods, Amin Nasser, ", Aditya Ravi, Rystad's, Alex Pourbaix, Pourbaix, that's, Chris Severson, Baker, Omar Farouk Ibrahim, Ranjit Rath, Rath, Carlos Travassos, Yrjo Koskinen, Rod Nickel, Nia Williams, David Gregorio Our Organizations: REUTERS, Rights, World Petroleum Congress, Exxon Mobil, Aramco, Rystad Energy, International Energy Agency, Cenovus Energy, Canadian, European Union, Deloitte, African Petroleum Producers ' Organization, United Nations, Oil India, Investment, Petrobras, PETR4, University of Calgary, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, Rights CALGARY , Alberta, Calgary, United States, Paris, Pembina, India, SA, Calgary , Alberta

☆ India urges 'utmost caution' in Canada travel advisory as bilateral feud escalates
▼ + stars: | 2023-09-20 | by ( Clement Tan | ) www.cnbc.com time to read: +1 min

A poster of the former Gurdwara President Hardeep Singh Nijjar is displayed on a fence outside the Guru Nanak Sikh Gurdwara temple in Surrey, British Columbia, Canada, on September 19, 2023. India warned its citizens to "exercise utmost caution" in Canada, deepening the diplomatic rift between both countries after Prime Minister Justin Trudeau went public with claims that New Delhi orchestrated the extra-judicial slaying of a Sikh separatist in Canada. India has slammed and rejected these claims as "baseless" and "absurd," accusing Canadian leaders of being sympathetic toward anti-India causes. "Recently, threats have particularly targeted Indian diplomats and sections of the Indian community who oppose the anti-India agenda," the ministry added. "Indian nationals are therefore advised to avoid travelling to regions and potential venues in Canada that have seen such incidents."

Persons: Hardeep Singh, Nanak, Justin Trudeau, Hardeep Singh Nijjar Organizations: External Affairs, U.S Locations: Surrey, British Columbia, Canada, India, Delhi, Canadian, China

☆ Canadian autoworkers extend negotiations with Ford, delaying a possible strike
▼ + stars: | 2023-09-19 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

According to an update posted on the union site: “Unifor is extending negotiations with Ford Motor Company for a 24-hour period. By contrast, Unifor announced if it goes on strike, it will strike all the Ford facilities where it represents members. The union had granted them contract extensions while it focused its negotiations on reaching the best possible deal with Ford. It has not had a strike in its Canadian operations since 1990 and has not had a US strike since 1978. A Canadian strike could be a bigger blow to Ford’s sales than the UAW strike, which is so far is limited to one factory in Michigan in the case of Ford.

Persons: Unifor, ” Ford, Lana Payne, ” Payne, Ford Organizations: CNN, Canadian, Ford, Ford Motor Company, United Auto Workers, General Motors, Jeep, Dodge, Chrysler, UAW, Ford Bronco, Nautilus Locations: Canada, Wayne , Michigan, Michigan, Windsor

[1/2] A sign outside the Guru Nanak Sikh Gurdwara temple is seen after the killing on its grounds in June 2023 of Sikh leader Hardeep Singh Nijjar, in Surrey, British Columbia, Canada September 18, 2023. REUTERS/Chris Helgren Acquire Licensing RightsSept 18 (Reuters) - Canadian Prime Minister Justin Trudeau said on Monday Canada was "actively pursuing credible allegations" linking Indian government agents to the murder of a Sikh separatist leader, Hardeep Singh Nijjar, in British Columbia in June. * First responders located a man, later identified as 45-year old Hardeep Singh Nijjar, suffering from multiple gunshot wounds inside a vehicle. * In July, investigators released information to the public of the believed route taken by the two suspects after the murder. * There were suspicions raised by local community members that there may have been foreign interference in the murder of the Sikh separatist leader.

Persons: Nanak, Hardeep Singh Nijjar, Chris Helgren, Justin Trudeau, Nijjar, Timothy Pierotti, Trudeau, Melanie Joly, Kanishka Singh, Michael Perry Organizations: REUTERS, Canadian, Monday Canada, Canada's Royal Canadian Mounted Police, RCMP, Homicide, Toyota Camry, Thomson Locations: Surrey, British Columbia, Canada, India, Washington

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

☆ Canadian autoworkers union reaches tentative labor deal with Ford, averting strike
▼ + stars: | 2023-09-19 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

CNN —The union representing Canadian autoworkers at Ford has reached a tentative deal with the US automaker, keeping more than 5,000 union members on the job and providing some good news for an industry dealing with unprecedented labor disruptions. Details of the deal between Ford and Unifor, the Canadian union, were not immediately available. “We leveraged our union’s most powerful weapon: the right to strike,” Unifor said in its statement Tuesday evening. The issues in the Canadian labor negotiations greatly mirrored the issues behind the UAW strike against those three automakers. The companies, which are reporting record or near-record profits, all say they have offered the UAW members raises totaling about 20% during the life of the contracts, including immediate 10% raises.

Persons: Unifor, ” Unifor, “, Ford, It’s, That’s Organizations: CNN, Canadian, Ford, United Auto Workers, Ford Edge, Lincoln Nautilus, UAW, Motors, North American, Jeep, Dodge, Chrysler Locations: Canada, Toronto, Windsor , Ontario, Detroit, Wayne , Michigan

☆ EV charging needs big improvements soon if the auto industry's transition is going to work
▼ + stars: | 2023-09-19 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +11 min

Simply put, America's patchwork of CCS chargers offers spotty coverage, hard-to-use devices, and, too often, chargers that are broken. Not to mention, there are fewer than 12,000 CCS fast chargers across the U.S. today. Opening up the Tesla charging network to our customers, that's about them and it scales very quickly for them. watch nowThe broad uptake of Tesla's charging tech is generally good news. What's more, Tesla's chargers all work the same way, whereas CCS chargers from rival companies may have very different procedures.

Persons: Mark Blinch, Reuters There's, General Motors, it's, Joe Biden, Tesla, Justin Sullivan, JD Power, Brent Gruber, Ford, John Lawler, Lawler, We're, Elon Musk, EVgo Organizations: Benz, Canadian, Reuters, Ford Motor, General, Volkswagen, Cox Automotive, Consumer, Energy, Institute, University of Chicago, Associated Press, NORC, for Public Affairs Research, United Auto Workers, EV, Public, U.S . Department of Energy, —, Detroit, CCS, University of California, JD, Ford EV, Ford, GM, Volvo, Mercedes, SAE International, ABB Locations: Toronto , Ontario, Canada, U.S, San Rafael , California, Berkeley, Bay, Swiss

New York CNN —The United Auto Workers union’s already unprecedented strike against General Motors, Ford and Stellantis could soon get even bigger. So far, the strike, which started early Friday, has targeted only one final assembly plant at each automaker. So, noon on Friday, September 22nd is a new deadline.”While 12,700 union members are on strike, most of the 145,000 members at the three automakers remain on the job. The UAW chose to target final assembly plants first, which has made the initial strikes quite targeted and tactical. Spreading impact of strikeThe impact of the strike will have a ripple impact on other factories beyond the three targeted already by the UAW strike.

Persons: Stellantis, Shawn Fain, Autoworkers, We’re, “ We’re, ”, “, Ford, Lana Payne, Payne, Fairfax, David Barnas, Louis, Biden, Donald Trump, Mike Pence, Fain, Trump Trump, Joe Biden, ” Trump Organizations: New, New York CNN, United Auto Workers, General Motors, Ford, CNN, GM, UAW, Ford Bronco, Companies, GM Stellantis, Jeep, Dodge, Chrysler, Fairfax Assembly, US Steel, Trump Locations: New York, Wayne , Michigan, Canada, United States, Fairfax, Kansas City , Kansas, Wentzville, Granite City , Illinois, St, Detroit

☆ India-Canada row: What is at stake?
▼ + stars: | 2023-09-19 | by ( Manoj Kumar | ) www.reuters.com time to read: +3 min

Here is what is at stake for both countries:HOW ARE TRADE TALKS AFFECTED? Steady growth has seen goods trade rising to $8 billion in 2022, with Indian exports to Canada touching $4 billion and imports from Canada also worth $4 billion. India's growing demand for imported lentils has benefited Canadian farmers, while Indian pharmaceutical and software companies have expanded their presence in the Canadian market. WHAT IS THE ROLE OF INDIAN STUDENTS IN CANADA? Since 2018, India has been the largest source country for international students in Canada.

Persons: Justin Trudeau, Manoj Kumar, Clarence Fernandez Organizations: Bombardier, SNC Lavalin, TCS, Infosys, Wipro, Canadian Bureau of International Education, Thomson Locations: DELHI, India, Canada, New Delhi, India's, Punjab

☆ India-Canada relations: how could trade be affected as tensions rise?
▼ + stars: | 2023-09-19 | by ( Manoj Kumar | ) www.reuters.com time to read: +5 min

On Tuesday, New Delhi dismissed the allegations as "absurd", and asked Canada instead to crack down on anti-India elements operating in its territory. Here is what is at stake for both countries:HOW ARE TRADE TALKS AFFECTED? Steady growth has seen goods trade rising to $8 billion in 2022, with Indian exports to Canada touching $4 billion and imports from Canada also worth $4 billion. Pharmaceutical products, worth about $418 million, made up the bulk of Indian exports last year, followed by iron and steel products worth about $328 million and machinery, nuclear reactors and boilers worth about $287 million. India's growing demand for imported lentils has benefited Canadian farmers, while Indian pharmaceutical and software companies have expanded their presence in the Canadian market.

Persons: Hardeep Singh Nijjar, Nanak, Chris Helgren, Justin Trudeau, Canpotex, Manoj Kumar, Arpan Varghese, Jaiveer, Clarence Fernandez, Anil D'Silva Organizations: REUTERS, Trading Economics, UN, Canpotex, Pharmaceutical, Caisse, Ontario Teachers, Bombardier, SNC Lavalin, TCS, Infosys, Wipro, Canadian Bureau of International Education, Thomson Locations: Surrey, British Columbia, Canada, DELHI, India, New Delhi, India's, Punjab, Bengaluru

RAMSTEIN AIR BASE, Germany (AP) — Defense Secretary Lloyd Austin urged allied defense leaders Tuesday to “dig deep" and provide more air defense systems for Ukraine, to help the country block increasing barrages of Russian missiles. “Air defense is saving lives,” Austin said as he opened the meeting of the Ukraine Defense Contact Group at Ramstein air base in Germany. “So I urge this group to continue to dig deep on ground-based air defense for Ukraine. President Volodymyr Zelenskyy and other Ukrainian leaders have repeatedly pushed for the longer-distance weapons. The Ramstein meeting also marks Milley's final session as U.S. joint chiefs chairman.

Persons: Lloyd Austin, ” Austin, Volodymyr Zelenskyy, Bill Blair, Austin, Joe Biden, Kevin McCarthy, “, —, Mark Milley, Milley, Rob Bauer Organizations: RAMSTEIN AIR, —, Ukraine Defense Contact, Ramstein, enrage, The Army Tactical Missile, Abrams, U.S . Defense, Washington , D.C, Republican, Nations, ” Military, Joint Chiefs of Staff, NATO Locations: Germany, Ukraine, U.S, enrage Moscow, Europe, Washington ,, Netherlands, Ramstein

☆ Hot inflation data helps lift Canadian dollar to 6-week high
▼ + stars: | 2023-09-19 | 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 dollar was trading 0.3% higher at 1.3440 to the greenback, or 74.40 U.S. cents, after touching its strongest intraday level since Aug. 10 at 1.3383. Canada's annual inflation rate in August jumped to 4.0% from 3.3% in July on higher gasoline prices. "The oversold nature of the Canadian dollar going into the release suggests that exchange rate gains could be generated in the shorter term." Speculators have raised their bearish bets on the Canadian dollar to the highest since May, data from the U.S. Commodity Futures Trading Commission showed on Friday.

Persons: Mark Blinch, Karl Schamotta, Sharon Kozicki, Fergal Smith, Nick Zieminski, Sandra Maler Organizations: REUTERS, greenback, Canadian, U.S, Bank of Canada, Reuters, Bank of Canada's, U.S . Commodity Futures Trading, BoC, Thomson Locations: Toronto, TORONTO, Canadian

OTTAWA, Sept 19 (Reuters) - Canada is not trying to provoke India by suggesting it was linked to the murder of a Sikh separatist leader, but wants New Delhi to address the issue properly, Prime Minister Justin Trudeau said on Tuesday. "The prime minister hasn't provided any facts. We need to have the evidence that allowed the prime minister to come to the conclusions yesterday," Conservative Party leader Pierre Poilievre told reporters. [1/5]Canada's Prime Minister Justin Trudeau speaks during Question Period in the House of Commons, on Parliament Hill in Ottawa, Ontario, Canada September 19, 2023. New Delhi, which urged Ottawa to act against anti-Indian elements, has long been unhappy over Sikh separatist activity in Canada.

Persons: Justin Trudeau, Trudeau, Hardeep Singh Nijjar, hasn't, Pierre Poilievre, Blair Gable, Balraj, Trudeau's, Mukhbir Singh, Stephen Brown, Singh, Nijjar, David Ljunggren, Steve Scherer, Susan Heavey, Jonathan Oatis, Marguerita Choy Organizations: Conservative, Ottawa, Conservative Party, Canada, U.S, Canada's, REUTERS, Canadian Broadcasting Corp, Indian, Sikh Organization of Canada, National Council of, State Department, Thomson Locations: OTTAWA, Canada, India, New Delhi, British Columbia, Canadian, Ottawa , Ontario, Ottawa, India's, Punjab, Pakistan, Australia, Britain

☆ UK in close touch with Canada over 'serious allegations' against India
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +1 min

A sign outside the Guru Nanak Sikh Gurdwara temple is seen after the killing on its grounds in June 2023 of Sikh leader Hardeep Singh Nijjar, in Surrey, British Columbia, Canada September 18, 2023. REUTERS/Chris Helgren Acquire Licensing RightsLONDON, Sept 19 (Reuters) - Britain said on Tuesday it was in close touch with its Canadian partners about "serious allegations" from Ottawa that the Indian government was involved in the murder of a Sikh separatist leader in Canada. "We are in close touch with our Canadian partners about these serious allegations," a government spokesperson said. Canada said on Monday it was "actively pursuing credible allegations" that linked Indian government agents to Hardeep Singh Nijjar's murder in British Columbia in June. India dismissed the accusation as "absurd and motivated" and urged Canada instead to take legal action against anti-Indian elements operating from its soil.

Persons: Nanak, Hardeep Singh Nijjar, Chris Helgren, Hardeep Singh, Sachin Ravikumar, Kate Holton Organizations: REUTERS, Thomson Locations: Surrey, British Columbia, Canada, Britain, Ottawa, India, New Delhi, Canadian

☆ India-Canada tensions hit crisis point after assassination allegations: Here's what you need to know
▼ + stars: | 2023-09-19 | by ( Clement Tan | ) www.cnbc.com time to read: +4 min

A security personnel stands guard outside the Canadian High-Commision in New Delhi, India, September 19, 2023. In retaliation, India expelled a senior Canadian diplomat after summoning Canada's High Commissioner to the country, the foreign ministry said. This came just hours after Foreign Minister Melanie Joly announced that Ottawa had expelled a top Indian diplomat. Adnan Abidi | ReutersPrior to the Group of 20 nations' leaders' summit two weekends ago, Ottawa had paused talks on a proposed trade treaty with Indian Prime Minister Narendra Modi's Bharatiya Janata Party government. India's Prime Minister Narendra Modi (R) shakes hand with Canada's Prime Minister Justin Trudeau ahead of the G20 Leaders' Summit in New Delhi on September 9, 2023.

Persons: Adnan Abidi, Hardeep Singh, Justin Trudeau, Canada's, Melanie Joly, Trudeau, Moninder Singh, Nanak, Hardeep Singh Nijjar, Chris Helgren, Joly, it's, Narendra Modi's, Subrahmanyam Jaishankar, Indira Gandhi, Narendra Modi, Evan Vucci Organizations: Canadian, Reuters, Canadian Government, Ottawa, Indian, Narendra Modi's Bharatiya Janata Party government, India, of, India's, Canada's, Afp, Getty Locations: New Delhi, India, Reuters India, Canadian, Canada, British Columbia, Ottawa, Indian, Sikh, Surrey, Australia, United Kingdom, China, Brampton, of Canada

Its startup could add as much as $2 per barrel to prices paid by U.S. Midwest oil refineries that sit along Canada's existing main oil-export route. "They will be competing for barrels that no longer transit through their region," said a Calgary-based oil trader. That has left Canadian oil producers vulnerable to deep price discounts or "blowouts" whenever pipelines become congested or rupture. The start-up of TMX could add a "buck or two" to the cost of a barrel for Midwest refiners, he estimates. So far this year, over 200,000 bpd of Canadian crude has been re-exported from the U.S. Gulf Coast, up from about 73,000 bpd in 2019, Kpler data showed.

Persons: Rory Johnston, Matt Smith, Smith, Stephanie Kelly, Nia Williams, Laura Sanicola, Marguerita Choy Organizations: U.S ., U.S, BP, Citgo Petroleum, Exxon Mobil, Koch Industries, Flint Hills Resources, Canadian, Energy, Administration, TC, Keystone, refiners, Americas, Thomson Locations: CALGARY, Alberta, Coast, U.S, U.S . Midwest, Gulf Coast, Midwest, Flint, Calgary, Canada, Pacific, U.S . West Coast, Asia, Gulf, China, Kpler

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