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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
Speaker of the House of Commons Anthony Rota speaks during Question Period on Parliament Hill in Ottawa, Ontario, Canada September 25, 2023. Rota publicly recognised Hunka, calling him a hero. Russia called the incident outrageous. "That public recognition has caused pain to individuals and communities, including the Jewish community in Canada and around the world ... Foreign Minister Melanie Joly earlier said Rota should resign while Prime Minister Justin Trudeau called on him to ponder his future.
Persons: Anthony Rota, Blair Gable, Yaroslav Hunka, Volodymyr Zelenskiy, Rota, Hunka, Adolf Hitler's Waffen, Vladimir Putin, Zelenskiy, Melanie Joly, Justin Trudeau, Trudeau's, David Ljunggren, Daniel Wallis Organizations: REUTERS, Rights, Canada's, Nazi, Ukrainian, Adolf Hitler's Waffen SS, Liberal, Canada, Trudeau's Liberal, Thomson Locations: Ottawa , Ontario, Canada, Russia, Ukraine, Kyiv, Western, Rota's
Yaroslav Hunka, 98, received two standing ovations from Canadian lawmakers during a visit by Ukrainian President Volodymyr Zelenskiy. Kremlin spokesman Dmitry Peskov said the episode showed a careless disregard for historical truth, and that the memory of Nazi crimes must be preserved. "Many Western countries, including Canada, have raised a young generation that does not know who fought whom or what happened during the Second World War. Canadian parliament speaker Anthony Rota introduced Hunka as "a Ukrainian Canadian war veteran from the Second World War who fought for Ukrainian independence against the Russians" and "a Ukrainian hero and a Canadian hero." During World War Two, when Ukraine was a part of the Soviet Union, some Ukrainian nationalists joined Nazi units because they saw the Germans as liberators from Soviet oppression.
Persons: Adolf Hitler's Waffen, Yaroslav Hunka, Volodymyr Zelenskiy, Dmitry Peskov, Peskov, Anthony Rota, Hunka, Simon Wiesenthal, Vladimir Putin, Putin, Guy Faulconbridge, Mark Trevelyan, Gareth Jones Organizations: Adolf Hitler's Waffen SS, Ukrainian, Nazi, Waffen Grenadier Division, Simon Wiesenthal Center, Thomson Locations: MOSCOW, Ukrainian, Canada, Ukrainian Canadian, Canadian, Ukraine, Soviet Union, Rota, European, Russia, Europe
Canadian dollar edges higher as 10-year yield hits 4%
  + stars: | 2023-09-25 | 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 loonie was trading 0.1% higher at 1.3470 to the greenback, or 74.24 U.S. cents, after moving in a range of 1.3455 to 1.3491. Among G10 currencies, only the Swedish crown performed better than the Canadian currency, as the U.S. dollar (.DXY) extended its recent gains against a basket of major currencies. Still, speculators have raised their bearish bets on the Canadian dollar to the most since May, data from the U.S. Commodity Futures Trading Commission showed on Friday. The 10-year was up 11.2 basis points at 4.026%, its first move above the 4% threshold since January 2008.
Persons: Mark Blinch, Price, Tony Valente, Fergal Smith, Nick Zieminski Organizations: REUTERS, greenback, U.S, Federal Reserve, Bank of Canada, U.S ., Fed, BoC, U.S . Commodity Futures Trading, Thomson Locations: Toronto, TORONTO, Swedish, Russia, U.S
SBB shares up 37% on cash infusion, end of strategy review
  + stars: | 2023-09-25 | by ( ) www.reuters.com   time to read: +1 min
OSLO, Sept 25 (Reuters) - Shares of Swedish property group SBB (SBBb.ST) rose 37% in early trade on Monday after it announced on Sunday it would reorganise its business, securing an 8 billion crown ($719 million) cash boost and ending a strategic review. "The fact that SBB is freeing up 8 billion crowns must be seen in a very positive light. In a crisis, it is almost all about having liquidity, and SBB is getting it now," Carlsquare analyst Bertil Nilsson said. SBB, which has seen its shares plunge 95% since early 2022 on concerns over the group's viability, also on Sunday presented a decentralised structure to boost its transparency and funding options. ($1 = 11.1296 Swedish crowns)Reporting by Terje Solsvik and Jesus Calero, editing by Anna RingstromOur Standards: The Thomson Reuters Trust Principles.
Persons: Bertil Nilsson, Terje Solsvik, Jesus Calero, Anna Ringstrom Organizations: SBB, EduCo, Brookfield Asset Management, Brookfield, Core Infrastructure Partners, Thomson Locations: OSLO, EduCo, Brookfield, Swedish
Sept 24 (Reuters) - Swedish property group SBB (SBBb.ST) on Sunday divested 1.16% of its education subsidiary EduCo to Brookfield Super-Core Infrastructure Partners for around 242 million Swedish crowns ($21.73 million) as it looks to bolster its finances. SBB will hold approximately 49.84% of EduCo after the divestment, following which EduCo will be controlled by Brookfield. As part of the deal announced on Sunday, EduCo will repay part of its inter-company loan from SBB, resulting in the Stockholm-based company receiving approximately 7.8 billion Swedish crowns ($700.46 million) in cash. SBB's remaining loan to EduCo will be around 5.5 billion Swedish crowns. Brookfield Super-Core Infrastructure Partners is the infrastructure fund of Canada's Brookfield Asset Management(BAM.TO).
Persons: EduCo, Brookfield, Rishabh, Barbara Lewis, Sharon Singleton Organizations: SBB, Sunday, Brookfield, Core Infrastructure Partners, International Monetary Fund, Brookfield Asset Management, Community, Thomson Locations: Brookfield, Sweden, Stockholm, EduCo, Bengaluru
Liberal Member of Parliament Anthony Rota speaks after being re-elected as Speaker of the House of Commons on Parliament Hill in Ottawa, Ontario, Canada November 22, 2021. Two days earlier, Speaker Anthony Rota had recognized 98-year old Yaroslav Hunka as a "Ukranian hero" before the Canadian Parliament. Rota in a statement took responsibility for what was characterized as an oversight, calling the initiative "entirely my own." The recognition came following a visit by Ukrainian President Volodymyr Zelenskiy, who thanked Canada for its assistance in his country's war against Russia. Since their forces entered Ukraine, Russian officials have drawn parallels with the struggle against Nazism during World War II.
Persons: Anthony Rota, Blair Gable, Yaroslav Hunka, Hunka, Simon Wiesenthal, Rota, Volodymyr Zelenskiy, Zelenskiy's, Pete Schroeder, Mark Porter Organizations: REUTERS, Rights, Canada's, Nazi, Waffen Grenadier Division, Simon Wiesenthal Center, Canada, Russia, Ukrainian, Waffen, Nazism, Thomson Locations: Ottawa , Ontario, Canada, Ukraine
By Pete SchroederWASHINGTON (Reuters) - The speaker of Canada's House of Commons on Sunday apologized for praising an individual at a parliamentary meeting who served in a Nazi unit during World War II. Two days earlier, Speaker Anthony Rota had recognized 98-year old Yaroslav Hunka as a "Ukranian hero" before the Canadian Parliament. Rota in a statement took responsibility for what was characterized as an oversight, calling the initiative "entirely my own." The recognition came following a visit by Ukrainian President Volodymyr Zelenskiy, who thanked Canada for its assistance in his country's war against Russia. Since their forces entered Ukraine, Russian officials have drawn parallels with the struggle against Nazism during World War II.
Persons: Pete Schroeder WASHINGTON, Anthony Rota, Yaroslav Hunka, Hunka, Simon Wiesenthal, Rota, Volodymyr Zelenskiy, Zelenskiy's, Pete Schroeder, Mark Porter Organizations: Canada's, Nazi, Waffen Grenadier Division, Simon Wiesenthal Center, Canada, Russia, Ukrainian, Waffen, Nazism Locations: Ukraine
On this special podcast episode, we examine the fallout from the killing of 45-year-old Hardeep Singh Nijjar in British Columbia. What we have learned so far in the halls of Canada's parliament, what's at stake for Prime Minister Justin Trudeau, and why Canada's allies are treading lightly. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. *The podcast was updated to correct the name of National Security Advisor Jake Sullivan. Our Standards: The Thomson Reuters Trust Principles.
Persons: Hardeep Singh Nijjar, what's, Justin Trudeau, Jake Sullivan Organizations: Apple, Google, Reuters, Thomson, National Security Locations: British Columbia
A man walks past the new logo of the Bombay Stock Exchange (BSE) building in Mumbai, India, July 12, 2023. Already, foreign investors have been net sellers so far this month, offloading shares worth $996.2 million as of Sept. 20. Foreign institutional investors (FII) sold shares worth 31.11 billion rupees ($375.2 million), on a net basis, on Wednesday and 30.07 billion rupees worth on Thursday, according to stock exchange data. Domestic investors, meanwhile sold shares worth 5.73 billion rupees on Wednesday but bought shares worth 11.58 billion rupees on Thursday, the data showed. Meanwhile, Indian government bonds will be included in JPMorgan's widely tracked emerging market debt index from June 2024, the Wall Street bank said on Friday.
Persons: Francis Mascarenhas, Dalal, Aparna Iyer, Raja, Tesla, Archishma Iyer, Anisha Ajith, Savio D'Souza Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, Exchange, BSE, Federal Reserve, Wipro, LG Energy, Exide Industries, Power Systems, Glenmark Pharmaceuticals, Sciences, Glenmark Pharma, Teck Resources, Sethuraman NR, Thomson Locations: Mumbai, India, U.S, Asia, Pacific, Japan, Teck
The source said discussions between JSW Steel - India's largest steelmaker by capacity - and Teck over the stake sale had slowed down, although work on the paperwork continued. JSW Steel declined to comment. "We do not comment on market rumours or speculation," Teck Resources said in an emailed response to Reuters queries. JSW steel is one of the largest customers of Teck's coal business. For India, Canada is the fourth-largest exporter of coking coal used in the steel business, according to Indian government data.
Persons: Chris Helgren, Teck, JSW Steel, JSW, Glencore, Neha Arora, Divya Rajagopal, Clara Denina, Emelia Sithole, Mark Porter Organizations: Teck Resources, Developers Association of Canada, REUTERS, JSW Steel, Ottawa, British Columbia, JSW, Reuters, Investment, Standard Chartered, Deutsche Bank, Japan's Nippon Steel, Thomson Locations: Teck, Toronto , Ontario, Canada, DELHI, India, New Delhi, Canadian, British, Vancouver, Australia, Russia, United States, Toronto, London
The source said discussions between JSW Steel - India's largest steelmaker by capacity - and Teck over the stake sale had slowed down, although work on the paperwork continued. JSW Steel declined to comment. "We do not comment on market rumours or speculation," Teck Resources said in an emailed response to Reuters queries. JSW steel is one of the largest customers of Teck's coal business. For India, Canada is the fourth-largest exporter of coking coal used in the steel business, according to Indian government data.
Persons: Chris Helgren, Teck, JSW Steel, JSW, Glencore, Neha Arora, Divya Rajagopal, Clara Denina, Emelia Sithole, Mark Porter Organizations: Teck Resources, Developers Association of Canada, REUTERS, JSW Steel, Ottawa, British Columbia, JSW, Reuters, Investment, Standard Chartered, Deutsche Bank, Japan's Nippon Steel, Thomson Locations: Teck, Toronto , Ontario, Canada, DELHI, India, New Delhi, Canadian, British, Vancouver, Australia, Russia, United States, Toronto, London
Canadian dollar gives back earlier gains on hawkish Fed
  + stars: | 2023-09-20 | 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 Fed held interest rates steady but projected another rate increase by the end of the year and monetary policy kept significantly tighter through 2024 than previously expected. "The U.S. dollar is climbing against its major rivals as Treasury yields push higher across the front-end of the curve, and risk-sensitive assets - from equities to the Canadian dollar - are weakening," Karl Schamotta, chief market strategist at Corpay, said in a note. The Canadian dollar was trading nearly unchanged at 1.3450 to the greenback, or 74.35 U.S. cents, after trading in a range of 1.3396 to 1.3464. The price of oil, one of Canada's major exports, settled 1% lower at $90.28 a barrel, giving back some recent gains.
Persons: Mark Blinch, Price, Karl Schamotta, Fergal Smith, Nick Zieminski Organizations: REUTERS, Canadian, U.S, U.S . Federal, Fed, Bank of Canada, BoC, Thomson Locations: Toronto, TORONTO, Canadian
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
Congress spokespersons backed what they called India's "fight against terrorism" and criticised Trudeau. Khalistan is the name of an independent Sikh state whose creation was the goal of a bloody Sikh insurgency in the 1980s and 1990s in India's northern state of Punjab during which tens of thousands were killed. "The Indian National Congress has always believed that our country's fight against terrorism has to be uncompromising, especially when terrorism threatens India's sovereignty, unity and integrity." New Delhi, which urged Ottawa to act against anti-Indian elements, has long been unhappy over Sikh separatist activity in Canada. Canada has the largest population of Sikhs outside the Indian state of Punjab, with about 770,000 people reporting Sikhism as their religion in the 2021 census.
Persons: Hardeep Singh Nijjar, Nanak, Chris Helgren, Justin Trudeau's, Trudeau, Abhishek Manu Singhvi, Jairam Ramesh, Indira Gandhi, Beant Singh, FRANK, YP Rajesh, Clarence Fernandez Organizations: REUTERS, Twitter, Indian National Congress, Research, Economic Times, Press Trust of India, Indian Express, YP, Thomson Locations: Surrey, British Columbia, Canada, DELHI, India, Delhi, India's, Punjab, New Delhi, Australia, Britain, United States, Ottawa, Indian
By YP RajeshNEW DELHI (Reuters) - India's main opposition Congress party backed on Wednesday the government's rejection of Canada's suspicions that New Delhi's agents had links to the murder of a Sikh separatist leader, and urged a stand against threats to the country's sovereignty. Congress spokespersons backed what they called India's "fight against terrorism" and criticised Trudeau. Khalistan is the name of an independent Sikh state whose creation was the goal of a bloody Sikh insurgency in the 1980s and 1990s in India's northern state of Punjab during which tens of thousands were killed. "The Indian National Congress has always believed that our country's fight against terrorism has to be uncompromising, especially when terrorism threatens India's sovereignty, unity and integrity." Canada has the largest population of Sikhs outside the Indian state of Punjab, with about 770,000 people reporting Sikhism as their religion in the 2021 census.
Persons: YP Rajesh NEW DELHI, Justin Trudeau's, Hardeep Singh Nijjar, Trudeau, Abhishek Manu Singhvi, Jairam Ramesh, Indira Gandhi, Beant Singh, FRANK, YP Rajesh, Clarence Fernandez Organizations: YP Rajesh NEW, Twitter, Indian National Congress, Research, Economic Times, Press Trust of India, Indian Express, YP Locations: India, British Columbia, Delhi, India's, Punjab, New Delhi, Australia, Britain, Canada, United States, Ottawa, Indian
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
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
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
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
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
CALGARY, Alberta, Sept 18 (Reuters) - Alberta Premier Danielle Smith said on Monday she wanted to announce the details of investment tax credits to support carbon capture and storage (CCS) projects at the COP 28 climate summit in Dubai at the end of this year. Smith made the announcement during a news conference on the sidelines of the World Petroleum Congress in Calgary. Alberta is Canada's main producer of crude oil and natural gas, and its highest carbon-emitting province. COP 28 runs from Nov. 30 until Dec. 12. Reporting by Nia Williams; writing by David Ljunggren; Editing by Leslie Adler and Richard ChangOur Standards: The Thomson Reuters Trust Principles.
Persons: Danielle Smith, Smith, Nia Williams, David Ljunggren, Leslie Adler, Richard Chang Organizations: World Petroleum Congress, Pathways Alliance, Suncor Energy, Cenovus Energy, Thomson Locations: CALGARY, Alberta, Dubai, Calgary . Alberta, Ottawa
Canada's Prime Minister Justin Trudeau speaks during a press conference following a cabinet shuffle, at Rideau Hall, in Ottawa, Ontario, Canada, July 26, 2023. Canada expelled a top Indian diplomat Monday as it investigates what Prime Minister Justin Trudeau called credible allegations that India's government may have had links to the assassination in Canada of a Sikh activist. Trudeau told Parliament that he brought up the slaying with Indian Prime Minister Narendra Modi at the G-20 last week. Canadian Foreign Minister Mélanie Joly said the head of Indian intelligence in Canada has been expelled as a consequence. It called on Canada to work with India on what New Delhi said is a threat to the Canadian Indian diaspora.
Persons: Justin Trudeau, Trudeau, Hardeep Singh Nijjar, Narendra Modi, Modi, Mélanie Joly, " Joly, Hardeep Singh, Dominic LeBlanc, Joly, Joe Biden, Rishi Sunak, Pierre Poilievre, Poilievre, Jagmeet Singh, Sikh, Singh, Nijjar Organizations: Canada's, Rideau Hall, Indian, Canadian, Indian Embassy, Associated Press, Public, Royal Canadian Mounted Police, United Nations, Assembly Relations, Conservative, Opposition New, India's Ministry, External Affairs, Sikh Organization of Canada Locations: Ottawa , Ontario, Canada, Indian, Surrey, British Columbia, Ottawa, India, New York City, United Kingdom, Delhi
REUTERS/Chris Wattie/File Photo Acquire Licensing RightsTORONTO, Sept 17 (Reuters) - Bank of Montreal (BMO) (BMO.TO) is winding down its indirect retail auto finance business and shifting focus to other areas in a move that will result in an unspecified number of job losses, Canada's third-largest bank said. The bank, which announced the move on Saturday, has conducted this business in Canada and the United States. Under the indirect retail auto finance business, the bank works with car dealerships to arrange financing for buyers, who make monthly payments to the lender. "By winding down the indirect retail auto finance business, we have the ability to focus our resources on areas where we believe our competitive positioning is strongest," BMO said in a statement to Reuters. The remaining loans in this portfolio are primarily auto loans, but also include other loans, including loans for boats, recreational vehicles and motorcycles, Edward Jones analyst James Shanahan said.
Persons: Chris Wattie, Paul Hunsley, Edward Jones, James Shanahan, Nivedita Balu, Denny Thomas, Jane Merriman, Susan Fenton, Will Dunham, Diane Craft Organizations: of Montreal, BMO, REUTERS, Rights, Bank of Montreal, Reuters, The, Bank, Thomson Locations: Ottawa , Ontario, Canada, United States, California, Toronto
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