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☆ Fire tourists, drone fliers told to stay clear of British Columbia blazes
▼ + stars: | 2023-08-20 | by ( ) www.reuters.com time to read: +3 min

[1/2] People walk on a marina as smoke from wildfires hangs low in the Lake Okanagan city of Kelowna, British Columbia, Canada August 19, 2023. REUTERS/Chris Helgren Acquire Licensing RightsAug 19 (Reuters) - Wildfire tourists and drone operators who could be impeding the work of firefighters are being told by British Columbia officials that they are unwelcome while fast moving and unpredictable forest fires rage in the Canadian province. More than 35,000 people were under evacuation order by Saturday following British Columbia Premier David Eby's declaration of a state of emergency late on Friday, giving authorities more powers to tackle fire-related risks. Some 3,400 workers are involved in firefighting in British Columbia in western Canada. "Leaving Yellowknife, you're driving into the smoke," the 33-year old said of his 20-hour journey home to Calgary in Alberta province.

Persons: Chris Helgren, British Columbia Premier David Eby's, Bruce Ralston, Eby, Ralston, Ma, that's, Brent Saulnier, I've, Denny Thomas, George Sargent, Grant McCool Organizations: REUTERS, British Columbia, British Columbia Premier, Emergency Management, Climate Readiness, Thomson Locations: Lake Okanagan, Kelowna , British Columbia, Canada, British, Canadian, British Columbia, Canada's Northwest Territories, Yellowknife, Calgary, Alberta, Toronto

☆ British Columbia residents on high alert as wildfires force state of emergency
▼ + stars: | 2023-08-19 | by ( Chris Helgren | ) www.reuters.com time to read: +3 min

REUTERS/Pat Kane Acquire Licensing RightsCompanies City of Yellowknife FollowKELOWNA, British Columbia, Aug 19 (Reuters) - Thousands of British Columbia residents were on high evacuation alert on Saturday after rapidly intensifying wildfires forced the western Canadian province to declare a state of emergency. By Friday, an out-of-control fire in southern British Columbia grew more than hundredfold in 24 hours and forced more than 2,400 properties to be evacuated. "This is an historic wildfire season for British Columbia," Eby told a briefing. "The state of emergency declaration ... communicates to people across the province the seriousness of the deteriorating situation," Eby said. The escalation in British Columbia comes as the northern Canadian city of Yellowknife evacuated most of its roughly 20,000 residents due to a large approaching blaze.

Persons: Pat Kane, Daniel Eby, Eby, Ismail Shakil, Denny Thomas, Kim Coghill Organizations: REUTERS, British Columbia, Northwest Territories, Thomson Locations: Yellowknife, Fort Providence, Northwest Territories, Canada, City, KELOWNA , British Columbia, British Columbia, Canadian, Kelowna, Vancouver, British, West Kelowna, New York, Northwest, Ottawa

☆ Ford, partners pick Canada for $900 mln battery materials plant
▼ + stars: | 2023-08-17 | by ( Steve Scherer | ) www.reuters.com time to read: +3 min

The Ford logo is seen on the grill of an E-transit concept vehicle at the Ford Halewood transmissions plant in Liverpool, Britain, December 1, 2022. The consortium includes South Korean partners EcoProBM (247540.KQ) and SK On Co Ltd, according a statement from the ministry. The factory will eventually produce 45,000 tonnes of cathode active materials (CAM) per year for Ford EVs. Ford in a separate statement described the materials as high-quality Nickel Cobalt Manganese (NCM) for rechargeable batteries that are targeting greater performance and improved EV range. Germany's BASF SE (BASFn.DE) is also building a battery materials factory there.

Persons: Phil Noble, EcoProBM, Ford, Lisa Drake, EVs, Francois, Philippe Champagne, Steve Scherer, Jane Merriman, Mark Porter Organizations: Ford, REUTERS, Rights OTTAWA, Ford Motor, South, SK, Co, Ford EVs, Reuters, General Motors Co, BASF, Volkswagen, Fiat, Chrysler, Detroit, Thomson Locations: Liverpool, Britain, Becancour, Quebec, North America, Ontario, St, Lawrence, Canada

☆ Wildfires prompt evacuation order for residents in capital of Canada's Northwest Territories
▼ + stars: | 2023-08-17 | by ( Christian Nunley | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWildfires prompt evacuation order for residents in capital of Canada's Northwest TerritoriesWildfires in Canada have prompted thousands in the Northwest Territories to evacuate. The Northwest Territories' government placed a level 3 evacuation order for Yellowknife, N'dilo, Dettah and Ingraham Trail. This comes as Canada grapples with a record amount of acreage burned by wildfires this year.

Organizations: Northwest Locations: Canada's, Territories, Canada, Northwest Territories, Yellowknife, N'dilo, Dettah, Ingraham

Companies City of Yellowknife FollowYELLOWKNIFE, Northwest Territories, Aug 16 (Reuters) - A huge wildfire in northern Canada is creeping closer to the capital of the Northwest Territories and could reach the outskirts of Yellowknife by the weekend unless rain comes, the territorial government said on Wednesday. Canada is enduring its worst-ever wildfire season with more than 1,000 active fires burning across the country, including 230 in the Northwest Territories. Northwest Territories Premier Caroline Cochrane said some Yellowknife residents were preemptively leaving the city but urged people to remain calm and warned that highways could close suddenly because of the fire risk. The Northwest Territories declared a state of emergency late Tuesday and the Canadian military has been mobilized to help tackle the blazes and airlift some residents to safety. Cochrane spoke to Canadian Prime Minister Justin Trudeau about the wildfire situation on Wednesday afternoon.

Persons: Northwest Territories Premier Caroline Cochrane, I've, Cochrane, Justin Trudeau, Trudeau, Ismail Shakil, David Ljunggren, Sandra Maler, Chris Reese, Diane Craft Organizations: Northwest, Northwest Territories Premier, City, Northwest Territories, Canadian, Thomson Locations: Yellowknife, YELLOWKNIFE, Northwest Territories, Canada, Enterprise, Alberta, Sunday, City, Western Canada, Pacific, British Columbia, Cathedral, Keremeos, Ottawa

People walk to a Royal Canadian Air Force transport plane while being evacuated from an approaching wildfire in Hay River, Northwest Territories, Canada August 14, 2023. “We are working closely with the Government of the Northwest Territories to ensure communities have the support they need," Canadian federal Emergency Preparedness Minister Harjit Sajjan said in a statement. Yellowknife is the capital of the Northwest Territories and sits 450 km (280 miles) south of the Arctic Circle. Over the weekend, residents of most communities in the South Slave region of the Northwest Territories, situated along the Alberta border, were ordered to evacuate. Northwest Territories has so far had 265 wildfires this year, much higher than its 10-year annual average of 185.

Persons: Harjit Sajjan, Rebecca Alty, Ismail Shakil, Jyoti Narayan, David Ljunggren, Alistair Bell Organizations: Royal Canadian Air Force, Canadian Forces, REUTERS Acquire, Canada's Northwest Territories, Government of, Emergency Preparedness, Northwest, CBC News, Thomson Locations: Hay River, Northwest Territories, Canada, City, Yellowknife Follow OTTAWA, Yellowknife, Alberta, Enterprise, Territories, Ottawa, Bengaluru

Analysts polled by Reuters had forecast inflation would rise to 3.0% from the 27-month low of 2.8% recorded in June. Money markets increased bets for a quarter-percentage-point rate hike in September. They saw a 35% probability immediately after the release of the inflation data, up from 22% beforehand, and then settled back to a 31% chance. Not all economists thought the stronger-than-expected price data would tip the scales toward a hike as soon as its next meeting in September. The Bank of Canada, after its last rate hike in July, said it would study data closely before moving again.

Persons: Carlos Osorio, Statscan, Derek Holt, Tiago Figueiredo, Jules Boudreau, Ismail Shakil, Steve Scherer, Dale Smith, Paul Simao, Jonathan Oatis Organizations: REUTERS, OTTAWA, Reuters, Statistics, Bank of, Scotiabank, Canadian, Bank of Canada, Desjardins Group, Mackenzie Investments, Thomson Locations: Toronto , Ontario, Canada, Statistics Canada, Mackenzie, Ottawa

Conservative Party Leadership candidate Michael Chong, addresses crowd at the Conservative Party of Canada's final televised debate in Toronto, Ontario, April 26, 2017. REUTERS/Fred Thornhill/File PhotoAug 9 (Reuters) - Canada said on Wednesday that an opposition Canadian legislator with family in Hong Kong had been targeted in an online disinformation operation and said China most likely played a role. In a statement, the Canadian foreign ministry said the target was Michael Chong, a member of the opposition Conservative party, a frequent critic of China who has drawn Beijing's ire. "While China's role in the information operation is highly probable, unequivocal proof that China ordered and directed the operation is not possible to determine," the statement said. The Globe and Mail newspaper, citing an intelligence report, said in May that China sought information about Chong and his family in China in a likely effort to "make an example" of him.

Persons: Michael Chong, Fred Thornhill, Chong, Kanishka Singh, David Ljunggren, Mark Porter, Matthew Lewis, Andy Sullivan, David Gregorio Our Organizations: Conservative, Conservative Party, REUTERS, Ottawa, Beijing, Globe, Mail, Canadian, Thomson Locations: Toronto , Ontario, Canada, Hong Kong, China, Canada's, Beijing, Washington, Ottawa

Burps are the top source of methane emissions from cattle. The company this spring began marketing semen with the methane trait in 80 countries. Selecting for the low methane trait could lock in lower and lower emissions for successive generations, she said. Semex is not initially charging extra for the methane trait, said Michael Lohuis, Semex's vice-president of research and innovation. Juha Nousiainen, senior vice-president at Valio, a Finnish dairy, warned that breeding cattle to burp less methane could create digestive problems.

Persons: Nathan Frandino, Loewith's, Loewith, Drew Sloan, Frank Mitloehner, University of California Davis, Mitloehner, Lactanet, Christine Baes, Baes, Michael Lohuis, Burger, Lohuis, Juha Nousiainen, Rod Nickel, Caroline Stauffer, Suzanne Goldenberg Organizations: Johann, REUTERS, University of California, University of Guelph, University of Alberta, biosciences, Canadian, Ottawa, Nestle, Burger King, Restaurant Brands, Thomson Locations: Fresno , California, U.S, WINNIPEG , Manitoba, Lynden , Ontario, Semex, Britain, US, Slovakia, United States, New Zealand, Valio, Winnipeg , Manitoba

An employee of a private security company stands in front of the logo of commodities trader Glencore during the company's annual shareholder meeting in Cham, Switzerland May 24, 2017. Analysts at Deutsche Bank had expected half-year earnings of $9.9 billion, while Citi's estimate was $11.4 billion. The company announced additional returns of around $2.2 billion, including a $1 billion special dividend and a $1.2 billion share buyback programme that will run until February 2024. Glencore in June offered to buy Teck's coal business as a standalone unit, having been rebuffed twice in its $22.5 billon bid to combine the two companies. As part of the deal, Glencore would spin-off and merge its thermal coal business with Teck's steelmaking coal one to form a separate New York-listed company.

Persons: Arnd, Glencore, Gary Nagle, Nagle, MARA, didn't, Bunge, Clara Denina, Pratima Desai, Kirsten Donovan Organizations: REUTERS, Canada's, Canada's Teck Resources, Tinto, Teck Resources, Deutsche Bank, Citi, U.S, Thomson Locations: Cham, Switzerland, Canada's Teck, Teck, China, New York, London, U.S

☆ Western Canada dock workers vote to accept contract offer
▼ + stars: | 2023-08-05 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Chris Helgren/File Photo/File PhotoAug 4 (Reuters) - Dock workers in Western Canada voted to accept an improved labor contract after a month-long dispute that affected trade and disrupted operations at the country's busiest ports, their union said on Friday. The vote was 74.66% in favor of the terms of the settlement, the International Longshore and Warehouse Union (ILWU) said in a statement. The union provisionally agreed to a new contract on Sunday, averting an immediate strike, but the agreement needed to be approved by workers. The government had directed the Canada Industrial Relations Board to resolve the dispute after workers rejected a previous contract. Ottawa was seeking to keep two of Canada's three busiest ports - Vancouver and Prince Rupert - open.

Persons: Chris Helgren, Prince Rupert, Seamus O'Regan, ILWU, O'Regan, David Ljunggren, Gursimran Kaur, Simon Cameron, Moore, William Mallard Organizations: Port, Warehouse Union, REUTERS, Canada Industrial Relations Board, Ottawa, Canada's, British Columbia Maritime Employers Association, Canada’s, Thomson Locations: Vancouver, Vancouver , British Columbia, Canada, Western Canada, British, Canada’s West Coast, Bengaluru

☆ Canada dock workers vote to accept contract offer
▼ + stars: | 2023-08-05 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Chris Helgren/File Photo/File PhotoAug 4 (Reuters) - Dock workers in Western Canada voted to accept an improved labor contract after a month-long dispute that affected trade and disrupted operations at the country's busiest ports, their union said on Friday. The vote was 74.66% in favor of the terms of the settlement, the International Longshore and Warehouse Union (ILWU) said in a statement. The government had directed the Canada Industrial Relations Board to resolve the dispute after workers rejected a previous contract. Ottawa was seeking to keep two of Canada's three busiest ports - Vancouver and Prince Rupert - open. The union provisionally agreed to a new contract on Sunday, averting an immediate strike, but the agreement needed to be approved by workers.

Persons: Chris Helgren, Prince Rupert, David Ljunggren, Gursimran Kaur, Simon Cameron, Moore, William Mallard Organizations: Port, Warehouse Union, REUTERS, Canada Industrial Relations Board, Ottawa, British Columbia Maritime Employers Association, Thomson Locations: Vancouver, Vancouver , British Columbia, Canada, Western Canada, British, Bengaluru

☆ Canadian dollar hits 2-month low after surprise jobs loss
▼ + stars: | 2023-08-04 | 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. For the week, the risk-sensitive currency was down 0.9%, its third straight weekly decline, as a jump in long-term bond yields rattled equity market investors. The Canadian economy shed 6,400 jobs in July, missing estimates for a gain of 21,100, while the jobless rate ticked up to 5.5%. Money markets see chances of another Bank of Canada rate hike this year at about 50%, down from 80% before the jobs report. Canadian government bond yields fell across the curve.

Persons: Mark Blinch, Jay Zhao, Murray, Fergal Smith, Grant McCool Organizations: REUTERS, greenback, Canadian, U.S, Bank of Canada, Monex Canada, Canada, U.S ., Thomson Locations: Toronto, TORONTO

☆ Unprecedented Canada wildfires obliterate previous annual pollution record in just seven months
▼ + stars: | 2023-08-03 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

An aerial view of wildfire of Tatkin Lake in British Columbia, Canada on July 10, 2023. The intensity of Canada's raging wildfires have generated record levels of carbon emissions, the EU's climate monitor said Thursday. Europe's Copernicus Atmosphere Monitoring Service (CAMS) found that accumulated carbon emissions from Canadian wildfires had soared to 290 megatons in just the first seven months of 2023. That is already more than double Canada's previous whole-year record and accounts for over 25% of the global total year-to-date. We support users in mitigating the impacts through monitoring the fire activity and intensity, and the emitted smoke," Parrington said.

Persons: Mark Parrington, Parrington Organizations: Monitoring Service, Northern, CAMS Locations: Lake, British Columbia, Canada, Portugal, South Korea, U.S

☆ Canadian wildfire emissions double previous record as flames rage on
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +3 min

The estimated Canadian fires emissions account for over 25% of the global total for 2023 to date, and are well above the previous Canadian record of 138 million tonnes registered in 2014, Copernicus said on Thursday. This year's wildfire season is also the worst on record for area burned, with about 131,000 square kilometres (50,579 square miles) already scorched across eastern and western Canada. Wildfire smoke is linked to higher rates of heart attacks, strokes, and more visits to emergency rooms for respiratory conditions. It's estimated that Canada's northern boreal forest stores more than 200 billion tonnes of carbon — equivalent to several decades worth of global carbon emissions. The carbon released is roughly equivalent to Indonesia's annual carbon dioxide emissions from the burning of fossil fuels.

Persons: Jesse Winter, Copernicus, Mark Parrington, Ismail Shakil, Aurora Ellis Organizations: REUTERS, OTTAWA, Atmospheric Monitoring Service, Canadian Interagency Forest Fire, New, Thomson Locations: Canada, U.S, Washington, Osoyoos, British Columbia, Greece, New York City, Toronto, Ottawa

☆ Remarkable fossils reveal jellyfish that lived 505 million years ago
▼ + stars: | 2023-08-02 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

CNN —The oldest examples of swimming jellyfish, which lived in Earth’s oceans 505 million years ago, have been discovered high within the Canadian Rockies. The multitude of Burgessomedusa phasmiformis fossils at the site showed that large, swimming bell-shaped jellyfish evolved more than 500 million years ago. The Burgess Shale was first discovered in 1909 by Charles D. Walcott, secretary of the Smithsonian Institution in Washington, DC. The more that researchers study fossils from the Burgess Shale, the more complex the ancient food chain becomes. “This adds yet another remarkable lineage of animals that the Burgess Shale has preserved chronicling the evolution of life on Earth.”

Persons: Burgess, Jean, Bernard Caron, Medusozoans, ”, Joe Moysiuk, Desmond Collins, Raymond Quarry, Charles D, Walcott, Royal Ontario Museum’s Richard Ivey Organizations: CNN, Canadian Rockies, Royal Ontario Museum, Royal Society, University of Toronto, Royal Ontario, Smithsonian Institution Locations: Burgess, Canada's, British Columbia, Washington ,

The National Bank of Canada logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. National Bank said in a statement it will acquire the C$1 billion ($752 million) loan portfolio made up of technology, life science and global fund banking sectors. National Bank already has made a number of bets in the tech space in Canada investing in fintech firms such as KOHO, Synctera and Flinks over the years. Veritas Investment Research analyst Nigel D'Souza said the deal does not restrict National Bank from acquiring Laurentian Bank (LB.TO), but that deal was now less likely. "We continue to view National Bank as the best fit among the Big Six banks for Laurentian," D'Souza said.

Persons: Chris Wattie, Michael Denham, Denham, Tuyen Vo, Nigel D'Souza, D'Souza, Jaiveer Singh, Will Dunham, Krishna Chandra Eluri, Shilpi Majumdar Organizations: National Bank of Canada, REUTERS, National Bank, National Bank's Technology, Innovation Banking, Bank, Veritas Investment Research, Laurentian Bank, Big, Thomson Locations: Ottawa , Ontario, Canada, U.S, Silicon, Bengaluru

☆ C$ hits 3-week low as 'cracks' emerge in Canada's economy
▼ + stars: | 2023-08-01 | 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 (U.S.) dollar is reasserting itself as the champion of the currency market and the Canadian dollar is just caught in that wave," said Adam Button, chief currency analyst at ForexLive. S&P Global's measure of Canadian manufacturing activity edged higher last month to 49.6 from 48.8 in June. Canada's employment report for July, due on Friday, could offer further clues on the strength of domestic activity. The price of oil, one of Canada's major exports, edged lower on signs of profit-taking after a rally in July.

Persons: Mark Blinch, Adam Button, Fergal Smith, Jonathan Oatis Organizations: REUTERS, greenback, PMI, Canadian, U.S, ., Thomson Locations: Toronto, TORONTO, U.S

☆ Crypto stocks dip after bitcoin slumps to six-week low
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +1 min

Aug 1 (Reuters) - Shares of cryptocurrency and blockchain related companies fell in premarket trading on Tuesday, as bitcoin hit a six-week low following a hack at Curve Finance, a platform where users can borrow and trade in crypto. Bitcoin, the world's biggest cryptocurrency, fell about 2% to $28,870. Curve Finance was the victim of a hack, the company posted on messaging platform X, formerly known as Twitter, on Sunday. Crypto miners including Riot Platforms (RIOT.O), Marathon Digital (MARA.O) and U.S.-listed shares of Canada's Hut 8 Mining declined between 3% and 3.35%. The crypto industry is at a crucial juncture, with two of the biggest industry players - Binance and Coinbase - under fire from the U.S. Securities and Exchange Commission.

Persons: Pritam Biswas, Krishna Chandra Organizations: Finance, U.S . Securities, Exchange Commission, U.S . Federal, Thomson Locations: Canada's, Bengaluru

☆ Canada's early exit came down to pressure and belief, says coach Priestman
▼ + stars: | 2023-07-31 | by ( Lori Ewing | ) www.reuters.com time to read: +3 min

"You're coming into a very difficult group (B at the World Cup). And I think that's the difference ... it's belief and pressure for me." FINAL APPEARANCEMonday marked the final appearance for Sophie Schmidt, who said she will retire after this, her fifth World Cup. Canada's 40-year-old talisman Christine Sinclair, the world's leading international scorer with 190 goals, was never a threat and substituted at the break for what was likely her final World Cup appearance. Priestman believes Canada can learn and grow from their disappointing World Cup performance.

Persons: Bev Priestman, I'm, Priestman, you've, Australia's Hayley Raso, I've, Sophie Schmidt, Christine Sinclair, Christine Sinclair's, that's, Lori Ewing, Ken Ferris Organizations: MELBOURNE, Melbourne, Olympic, Nigeria, Ireland, Australia, Thomson Locations: Tokyo, Canada, Australia

☆ New tentative labor deal reached in Canadian port negotiations
▼ + stars: | 2023-07-31 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +3 min

The International Longshore and Warehouse Union of Canada (ILWU) and the British Columbia Maritime Employers Association (BCMEA) late Sunday announced a tentative labor agreement. Canadian Labor Minister Seamus O'Regan commented Monday morning on the announcement of another tentative deal. This latest tentative deal does not mean the uncertainty is over. The first tentative labor deal was rejected by the union body in a two-day vote last week. A 14-day strike has led to more than 16 canceled sailings to the Canadian ports, according to maritime intelligence company, eeSea.

Persons: Rob Ashton, Ashton, Seamus O'Regan, Berkshire Hathaway, John Brooks, Brooks Organizations: Warehouse Union of Canada, British Columbia Maritime Employers Association, Sunday, Canada Industrial Relations, ILWU, Canadian Labor, Canadian, Canadian Pacific Kansas City, Canadian National Railway, U.S, BNSF, Union Pacific, Norfolk Southern, CSX, Pacific Kansas City Locations: Burrard, North Vancouver, British, ILWU Canada, Canadian Pacific, U.S, Berkshire, East, Pacific Kansas

☆ Canadian dollar hits 2-week low as rate hikes 'begin to bite'
▼ + stars: | 2023-07-28 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

The loonie was trading 0.1% lower at 1.3240 to the greenback, or 75.53 U.S. cents, after touching its weakest intraday level since July 11 at 1.3249. The data suggests "that underlying momentum is weakening as higher borrowing costs begin to bite," Karl Schamotta, chief market strategist at Corpay, said in a note. Hopes of a soft landing for the U.S. economy boosted Wall Street and the price of oil, one of Canada's major exports. The 10-year was down 8.1 basis points at 3.536%, while it dropped 4.1 basis points further below the U.S. equivalent to a gap of 43.6 basis points. Reporting by Fergal Smith Editing by Alistair BellOur Standards: The Thomson Reuters Trust Principles.

Persons: Karl Schamotta, Fergal Smith, Alistair Bell Organizations: greenback, U.S, Bank, Federal Reserve, Thomson Locations: TORONTO, U.S

☆ Laurentian Bank's shares fall after media report that potential top bidders bowed out
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +2 min

TD is also not bidding for Laurentian, the report added. The reported move comes weeks after Laurentian, Canada's ninth-largest bank, said it was reviewing strategic options. A spokesperson for Laurentian Bank declined to comment on the report, when contacted by Reuters, saying the bank's "strategic review is still under way" and the "board of directors is actively examining the options available." TD Bank did not immediately respond to a Reuters request for comment. Shares of Laurentian, which jumped 27% after reports of a sale earlier this month, have gained about 35% so far this year.

Persons: Rania Llewellyn, Jaiveer Singh, Balu, Shailesh Kuber, Matthew Lewis Organizations: Laurentian Bank of Canada's, Bank of Nova, Dominion Bank, Scotiabank, Globe and Mail, Laurentian, TD, U.S, Barclays, Canada's, Globe, Laurentian Bank, Reuters, TD Bank, Thomson Locations: Laurentian, Montreal, Bank of Nova Scotia, Toronto, Quebec, Bengaluru

☆ Rate convergence keeps Canadian dollar shackled to U.S. counterpart
▼ + stars: | 2023-07-27 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

Money markets are pricing in a peak interest rate of about 5.25% for the Bank of Canada over the coming months, not much less than the 5.42% terminal rate that is priced in for the Fed. Canadian GDP data for May, due on Friday, could guide expectations for additional BoC rate hikes. The Canadian dollar was trading 0.2% lower at 1.3227 to the greenback, or 75.60 U.S. cents, after moving in a range of 1.3159 to 1.3236. "The Canadian dollar still looks cheap relative to where it should be," Osborne said, pointing to recent convergence of Canadian and U.S. yields, improved risk appetite and higher commodity prices. The Canadian 5-year yield touched its highest since December 2007 at 4.030% before dipping to 4.019%, up 13.9 basis points on the day.

Persons: Price, Shaun Osborne, Osborne, Fergal Smith, Nick Zieminski Organizations: greenback, Canadian, Bank of Canada, Federal Reserve, European Central Bank, Scotiabank, Fed, BoC, Thomson Locations: TORONTO, U.S

☆ Analysis: Is Canadian core inflation about to crack? July data could offer hope
▼ + stars: | 2023-07-25 | by ( Fergal Smith | ) www.reuters.com time to read: +3 min

The monthly increases for both measures have been 0.3% or less in seven of the last eight months. The BoC, which will release minutes from its July meeting on Wednesday, has said it doesn't want to tighten more than is needed. Canadians are particularly sensitive to higher borrowing costs after loading up on debt in recent years as house prices soared. The July inflation data is due for release on Aug. 15. Reporting by Fergal Smith; Editing by Denny Thomas and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Benjamin Reitzes, Reitzes, Royce Mendes, Mendes, Fergal Smith, Denny Thomas, Jonathan Oatis Organizations: TORONTO, Bank, Canada's, BoC, BMO Capital Markets, Reuters Graphics Reuters, Bank of Canada, Desjardins, Thomson Locations: Helpfully

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