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The official opposition Conservatives, who blame Trudeau for housing shortage and spiking inflation, have consistently been ahead in the polls for over year. "Bringing in fresh energy with new members and new challenges was important for our economic team in particular," Trudeau told reporters after the shuffle. [1/5]Canada's Prime Minister Justin Trudeau poses for a family photo with cabinet ministers, following a cabinet shuffle, at Rideau Hall, in Ottawa, Ontario, Canada, July 26, 2023. REUTERS/Blair GableConservative leader Pierre Poilievre pounced on the shuffle, calling it evidence of the prime minister's failures. "Justin Trudeau may have fired many of his cabinet ministers today, but he's just as out of touch as ever, doubling down on his inflationary, high-spending and high-taxing ways," he said in a statement.

Persons: Justin Trudeau, Trudeau, Chrystia Freeland, Francois, Philippe Champagne, Melanie Joly, Sean Fraser, Frank Graves, Blair Gable, Pierre Poilievre pounced, Jagmeet Singh, Kurl, Angus Reid, David Ljunggren, Steve Scherer, Ismail Shakil, Paul Simao, Mark Heinrich, Deepa Babington, Mark Porter Organizations: OTTAWA, Canadian, Liberal, Finance, Innovation, Infrastructure, Conservatives, Abacus, Canada's, Rideau Hall, REUTERS, Blair Gable Conservative, New Democrats, New, Angus, Angus Reid Institute, Liberals, Thomson Locations: Ottawa , Ontario, Canada

WASHINGTON, July 26 (Reuters) - U.S. President Joe Biden has ordered his administration to begin sharing evidence of alleged Russian war crimes in Ukraine with the Hague-based International Criminal Court (ICC), a U.S official said on Wednesday. The ICC, a permanent war crimes tribunal, in March issued an arrest warrant for Russian President Vladimir Putin for suspected deportation of children from Ukraine, which would be a war crime. Republican and Democratic lawmakers have accused the Pentagon of effectively undermining war crimes prosecution of Russia by blocking the sharing of U.S. military intelligence with the ICC. Russia has issued an arrest warrant for the ICC prosecutor who in March prepared a warrant for Putin on war crimes charges. A successful war crimes prosecution requires a high standard of proof, in a situation where access to suspects and crime scenes is often restricted and there is overlapping jurisdiction between national and international courts.

Persons: Joe Biden, Vladimir Putin, Biden, Putin, Trevor Hunnicutt, Idrees Ali, Ismail Shakil, Rami Ayyub, Dan Whitcomb, Jonathan Oatis, Deepa Babington Organizations: Hague, Court, ICC, U.S, Pentagon, New York Times, National Security, Ukraine’s, Republican, Democratic, Thomson Locations: Ukraine, United States, Russia

The new aid package, which was first reported by Reuters, will include for the first time U.S. furnished Black Hornet surveillance drones made by Teledyne FLIR Defense, part of Teledyne Technologies (TDY.N). The Norwegian-built Hornet is being used in Ukraine through donations by the British and Norwegian governments, the company said. More than $43 billion in U.S. military aid has been provided since Russia's invasion in 2022. Commenting on the aid announcement, Secretary of State Antony Blinken noted Russia's attacks on Ukraine ports and Ukrainian infrastructure since withdrawing from the Black Sea Grain Initiative last week. The Black Sea grain deal was brokered by the United Nations and Turkey a year ago to combat a global food crisis worsened by Russia's invasion.

Persons: Russia grinds, Antony Blinken, Blinken, Mike Stone, Patricia Zengerle, Ismail Shakil, Katharine Jackson, Matthew Lewis, Grant McCool Organizations: U.S . Department of Defense, Ukraine, Reuters, Teledyne FLIR Defense, Teledyne Technologies, British, Systems, U.S . Army, Patriot, Air Missile Systems, High Mobility Artillery Rocket Systems, Stryker, Carriers, Authority, United, European Union, Thomson Locations: Russia, Norwegian, Ukraine, United States, United Nations, Turkey, Britain, Washington, Ottawa

☆ Canadian market participants see rates staying at 5% in 2023 -BoC survey
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +1 min

OTTAWA, July 24 (Reuters) - The Bank of Canada (BoC) will not raise rates again and will start cutting a little later than previously anticipated, according to a survey of market participants released by the central bank on Monday. The BoC's second-quarter survey, conducted from June 8 to 19, showed a median of the participants expect the bank to hold interest rates at a 22-year high of 5.00% until the end of 2023, before starting to cut rates in March. A median of 25 participants now also predict a 0.7% gross domestic product growth at the end of 2023, instead of a 0.1% contraction forecast in the last survey. In the survey release on Monday, the median forecast for annual inflation is for 3.0% at the end of this year, compared with 2.7% previously. Expectations for the inflation rate to drop to 2.2% by end-2024 were unchanged.

Persons: Ismail Shakil, Steve Scherer, David Ljunggren, Marguerita Choy Organizations: OTTAWA, Bank of Canada, BoC, BOC, Thomson Locations: Ottawa

☆ Canada's port workers union leadership backs new contract deal
▼ + stars: | 2023-07-21 | by ( Steve Scherer | ) www.reuters.com time to read: +2 min

OTTAWA, July 21 (Reuters) - Canada's Pacific dock workers' union leadership on Friday backed a tentative contract agreement with employers and will recommend the ratification of the contract to members, likely ending a standoff that led to a 13-day strike. On Tuesday, "there will be a stop work meeting ... to recommend the Terms of Settlement to the membership," the International Longshore and Warehouse Union (ILWU) said in a statement on its Web site. Leadership had been due to vote on Friday on whether to recommend ratification. That strike ended last week with a tentative deal that was rejected by union leadership on Tuesday. But the ILWU then withdrew its strike notice on Wednesday, leaving the talks in what the British Columbia Maritime Employers Association (BCMEA) said was a "fluid and unpredictable situation."

Persons: Prince Rupert, Steve Scherer, Aishwarya Nair, Ismail Shakil, Nick Zieminski, Grant McCool Organizations: OTTAWA, Warehouse Union, Leadership, British Columbia Maritime Employers Association, Canadian Manufacturers, Thomson, & ' $ Locations: British, Vancouver, Ottawa, Bengaluru

☆ Canada's port workers again announce tentative deal with employers
▼ + stars: | 2023-07-21 | by ( Steve Scherer | ) www.reuters.com time to read: +2 min

OTTAWA, July 21 (Reuters) - Canada's Pacific dock workers' union said it reached a new tentative contract agreement with employers and that its leadership would vote on Friday on whether to put the deal up for ratification by members. The local unit represents 3,000 of the 7,500 dock workers who went on strike for 13 days earlier this month. A ILWU source confirmed that the entire union leadership, and not just the Local 502, would vote on whether to ask for ratification. That strike ended last week with a tentative deal that was rejected by union leadership on Tuesday. But the ILWU then withdrew its strike notice on Wednesday, leaving the talks in what the British Columbia Maritime Employers Association (BCMEA) said was a "fluid and unpredictable situation."

Persons: Seamus O'Regan's, Prince Rupert, Steve Scherer, Aishwarya Nair, Ismail Shakil, Shilpi Majumdar, Frances Kerry, Nick Zieminski Organizations: OTTAWA, Warehouse Union, British Columbia Maritime Employers Association, Labour, Canadian Manufacturers, Thomson, & ' $ Locations: British, Vancouver, Ottawa, Bengaluru

Companies Trump Organization Inc FollowWASHINGTON/NEW YORK, July 21 (Reuters) - Michael Cohen, the onetime personal lawyer and fixer for Donald Trump, has settled his lawsuit accusing the Trump Organization of failing to cover millions of dollars of legal bills he incurred over his work for the former U.S. president. Cohen and a lawyer for the Trump Organization issued statements that the matter "has been resolved in a manner satisfactory to all parties." Once a strong supporter of Trump, Cohen is now a vocal critic, whose 2020 memoir "Disloyal" was a New York Times bestseller. He claimed that the Trump Organization reneged on its agreement to paying his bills after he began cooperating with several probes into his work for the former president. Despite Friday's settlement, Cohen is expected to be a star prosecution witness against Trump in a criminal trial next March.

Persons: Michael Cohen, Donald Trump, Cohen, Trump, Stormy Daniels, Democrat Joe Biden, Karen Freifeld, Katharine Jackson, Ismail Shakil, Jonathan Stempel, Kanishka Singh, Doina Chiacu, Daniel Wallis, Sharon Singleton Organizations: Companies Trump Organization Inc, WASHINGTON, Trump Organization, Trump, New York Times, Republican, White, Democrat, Washington , D.C, Thomson Locations: New York, Manhattan, Florida, Washington ,

Companies Trump Organization Inc FollowWASHINGTON, July 21 (Reuters) - Donald Trump's onetime lawyer and fixer Michael Cohen is expected to settle his lawsuit against the Trump Organization over missed reimbursements of legal fees and costs, a person familiar with the matter told Reuters on Friday. Cohen originally sued in March 2019 to recoup $1.9 million in fees, plus $1.9 million he was ordered to forfeit in a criminal case. The fees kept growing, and the Trump Organization has paid some of them, court papers show. The New York Times reported the proposed settlement earlier on Friday. Cohen, a longtime employee of the firm and of Trump, became a critic of the former president and testified that Trump had directed him to break the law.

Persons: Donald Trump's, Michael Cohen, Cohen, Trump, Karen Freifield, Katharine Jackson, Ismail Shakil, Kanishka Singh, Doina Organizations: Companies Trump Organization Inc, WASHINGTON, Trump Organization, Reuters, New York Times, Times, Trump, Thomson Locations: Trump, Russia

REUTERS/Chris Helgren/File PhotoVANCOUVER, July 19 (Reuters) - Striking dock workers on Canada's Pacific coast on Wednesday issued a new 72-hour walkout notice just hours after a federal watchdog ruled their current stoppage was illegal. Amid mounting calls for resolute government action to end the strike, Prime Minister Justin Trudeau convened a meeting of the Incident Response Group. Some 7,500 dock workers have been picketing the two ports almost non-stop since July 1. Its leader, Jagmeet Singh, ruled out support for a law to end the strike. That means Trudeau would need the votes of the Conservatives, who have been trying to court workers and unions, or the separatist Bloc Quebecois.

Persons: Chris Helgren, Justin Trudeau, Trudeau, Prince Rupert, Omar Alghabra, David Eby, Pierre Poilievre, Jagmeet Singh, Steve Scherer, Ismail Shakil, David Ljunggren, Nia Williams, Chris Reese, Jonathan Oatis, Daniel Wallis, Leslie Adler Organizations: International, Warehouse Union, REUTERS, VANCOUVER, Minister's, Canada Industrial Relations, Reuters, Canadian Manufacturers, Ministers, Canadian Chamber of Commerce, New Democratic Party, NDP, Conservative Party, Conservatives, Bloc Quebecois, Liberal, Thomson, & ' $ Locations: Vancouver , British Columbia, Canada, Vancouver, Ottawa, Alberta, Saskatchewan, British Columbia

[1/2] A helicopter passes idle shipping cranes towering over stacked containers during a strike by the International Longshore and Warehouse Union Canada (ILWU) at Canada's busiest port of Vancouver, British Columbia, Canada, July 11, 2023. REUTERS/Chris Helgren/File PhotoOTTAWA, July 19 (Reuters) - Canada's Transport Minister Omar Alghabra on Wednesday said he was running out of patience with striking Pacific dock workers when asked if the government would pass back-to-work legislation, a politically tricky move that requires opposition support. The left-leaning New Democrat Party (NDP) has been helping Trudeau's minority government pass legislation in parliament, but on Wednesday NDP leader Jagmeet Singh ruled out support for legislation forcing workers back on the job. "Don't signal in any way that you're going to bring a back-to-work legislation because that's going to undermine the workers," Singh told reporters was his message to the government when asked about back-to-work legislation in Windsor, Ontario. It also means that the Liberal-NDP deal that is keeping the government going could be put under strain if Trudeau chooses to force an end to the strike.

Persons: Chris Helgren, Omar Alghabra, Alghabra, of Prince Rupert, Pierre Poilievre, Justin Trudeau, Jagmeet Singh, Singh, Trudeau, Ismail Shakil, Chizu Nomiyama, Andrea Ricci Organizations: International, Warehouse Union, REUTERS, OTTAWA, Canada's, Canadian Manufacturers, Canada's Conservative Party, Liberal, New Democrat Party, NDP, Conservatives, Bloc Quebecois, Thomson, & ' $ Locations: Vancouver , British Columbia, Canada, Argentia, Newfoundland, Port of Vancouver, of, Windsor , Ontario, Ottawa

OTTAWA, July 18 (Reuters) - Canada on Tuesday defended its decision to push ahead with its implementation of digital services taxes starting next year, citing national interest even as Finance Minister Chrystia Freeland expressed hope in reaching an international consensus. Ottawa refused, saying an extension of the freeze would disadvantage Canada relative to governments that have been collecting revenue under their pre-existing tax regimes. Ottawa's new levy would see a 3% tax on revenue earned by large technology companies in Canada. The process of launching such taxes has dragged on, and the governments planning national digital services taxes had agreed to put them on ice until the end of this year or drop them altogether once the first pillar of the deal takes effect in 2025 or later. Freeland said Canada was already in the process of implementing the second pillar, which calls on governments to set a global minimum corporate tax rate of 15% in 2024.

Persons: Chrystia Freeland, Freeland, Ismail Shakil, Steve Scherer, David Ljunggren, Matthew Lewis, Susan Heavey Organizations: OTTAWA, Apple, Ottawa, Thomson Locations: Canada, New Delhi, India, Ottawa

☆ Canada's inflation rate drops to 27-month low; food prices still elevated
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +1 min

OTTAWA, July 18 (Reuters) - Canada's annual inflation rate dropped more than expected in June to 2.8%, a 27-month low, though food prices remain elevated, Statistics Canada data showed on Tuesday. Grocery prices rose 9.1% year-over-year in June, a tick higher than the increase recorded in May. Prices of food from restaurants slowed slightly in June than in May. Excluding food and energy, prices rose 3.5% compared with a 4.0% rise in May. The average of two of the Bank of Canada's (BoC) core measures of underlying inflation, CPI-median and CPI-trim, came in at 3.8% compared with 3.9% in May.

Persons: Ismail Shakil, Dale Smith Organizations: OTTAWA, Statistics, Reuters, Bank of Canada's, Thomson Locations: Statistics Canada, China, Ottawa

OTTAWA, July 18 (Reuters) - Canada sees a path forward in reaching international consensus on digital services taxes, and a decision to not back a global agreement on freezing the implementation of domestic taxes was taken in the national interest, Finance Minister Chrystia Freeland said on Tuesday. Last week, most countries with planned digital services taxes agreed to hold off applying them for at least a year longer than what was agreed initially as a global tax deal to replace local taxes was pushed back. Ottawa did not back that deal to extend, saying such a delay would put Canada at a disadvantage relative to countries that have been collecting revenue under their pre-existing digital services taxes. Freeland, in India to attend G7 and G20 meetings, said she had good conversations about finding a path forward on digital services taxes. More than 140 countries were supposed to start implementing next year a 2021 deal overhauling decades-old rules on how governments tax multinational companies.

Persons: Chrystia Freeland, Freeland, Ismail Shakil, Steve Scherer, David Ljunggren, Matthew Lewis Organizations: OTTAWA, Finance, Ottawa, Apple, Thomson Locations: Canada, New Delhi, Freeland, India, Ottawa

OTTAWA, July 18 (Reuters) - Canada's annual inflation rate dropped more than expected to a 27-month low of 2.8% in June, data showed on Tuesday, led by lower energy prices while food and shelter cost increases persisted. Month-over-month, the consumer price index was up 0.1%, Statistics Canada said, which was also lower than the 0.3% forecast. "Inflation is definitely moving in the right direction, but we're seeing stickier and more persistent core measures," said Michael Greenberg, senior vice president and portfolio manager at Franklin Templeton Investment Solutions. The average of two of the Bank of Canada's (BoC) core measures of underlying inflation, CPI-median and CPI-trim, came in at 3.8% compared with 3.9% in May. "The Bank of Canada's preferred measures of core inflation, which exclude significant moves in individual categories, show that underlying price pressures remain sticky," said Royce Mendes, head of macro strategy at Desjardins Group.

Persons: stickier, Michael Greenberg, Royce Mendes, Mendes, We're, Jules Boudreau, Ismail Shakil, Steve Scherer, Fergal Smith, Nivedita Balu, Dale Smith, Will Dunham, Alexandra Hudson Organizations: OTTAWA, Reuters, Statistics, Bank of Canada's, Franklin Templeton Investment Solutions, Canada's, Desjardins Group, The Bank of Canada, Mackenzie Investments, Canadian, Alexandra Hudson Our, Thomson Locations: Statistics Canada, Mackenzie, China, Ottawa, Toronto

The fiscal 2024 National Defense Authorization Act, or NDAA, which sets policy for the Pentagon and authorizes $886 billion in spending, was approved 219-210. The vote was largely along party lines, a departure from the typical bipartisan support for a bill that has passed every year since 1961. The House voted 221 to 213 for an amendment that would reverse the Defense Department's policy of reimbursing expenses for service members who travel to obtain an abortion. The House also voted 222-211 to prohibit the Pentagon from paying for gender-affirming surgeries and hormone treatment. UPCOMING SENATE DEBATEHouse Republicans were able to pass their amendments without Democratic support, but such provisions would die in the Senate, where President Joe Biden's fellow Democrats hold a 51-49 majority.

Persons: Wade, Barry Loudermilk, Adam Smith, Joe Biden's, Marjorie Taylor Greene, Patricia Zengerle, Richard Cowan, David Morgan, Ismail Shakil, David Gregorio Our Organizations: U.S . House, Department of Defense, Republicans, Pentagon, Republican, U.S, Supreme, House Republicans, House Armed Services Committee, Democratic, Senate, eventual, Ukraine, Thomson Locations: China, Ukraine, Russia

☆ US, Japan, South Korea, condemn North Korean missile launch in joint statement
▼ + stars: | 2023-07-14 | by ( ) www.reuters.com time to read: +2 min

July 14 (Reuters) - North Korea's firing of an intercontinental ballistic missile (ICBM) this week violates multiple U.N. resolutions and threatens peace and stability in the region, the United States, South Korea, and Japan said on Friday in a joint statement condemning the launch. The missile, fired off North Korea's east coast on Wednesday, flew for 74 minutes to an altitude of 6,000 km (3,728 miles) and a range of 1,000 km, according to Japan, in what would be the longest-ever flight time for a North Korean missile. The countries urged North Korea "to cease its unlawful and escalatory actions and promptly return to dialogue," the statement added. Blinken reaffirmed the United States' "ironclad commitments" to the defense of Japan and South Korea in that meeting, according to a separate statement from the U.S. State Department. The launch came after heated complaints from North Korea in recent days, accusing American spy planes of flying over its exclusive economic zone waters, condemning a recent visit to South Korea by an American nuclear-powered cruise missile submarine, and vowing to take steps in reaction.

Persons: Antony Blinken, Yoshimasa Hayashi, Park Jin, Blinken, Ismail Shakil, Caitlin Webber, Sandra Maler Organizations: UN, U.S, Foreign, ASEAN Regional Forum, U.S . State Department, Thomson Locations: United States, South Korea, Japan, Korean, North Korea, Jakarta, Indonesia, American, Ottawa

☆ Strike at Canada's Pacific ports ends with tentative, 4-year deal
▼ + stars: | 2023-07-13 | by ( Chris Helgren | ) www.reuters.com time to read: +3 min

[1/5] Union members with the International Longshore and Warehouse Union Canada (ILWU) remove strike signs from a picket line outside the despatch hall in Vancouver, British Columbia, Canada July 13, 2023. REUTERS/Chris HelgrenVANCOUVER, British Columbia, July 13 (Reuters) - Dock workers at ports along Canada's Pacific coast and their employers accepted a tentative wage deal on Thursday, ending a 13-day strike that disrupted trade at the country's busiest ports and risked worsening inflation. "The British Columbia Maritime Employers Association (BCMEA) and International Longshore and Warehouse Union (ILWU) Canada are pleased to advise that the parties have reached a tentative agreement on a new 4-year deal," the BCMEA said in a statement. The union had made demands including wage increases and expansion of their jurisdiction to regular maintenance work on terminals. He offered terms drafted by a federal mediator and gave the union and employers 24 hours to decide if they were satisfied.

Persons: Chris Helgren, of Prince Rupert, Seamus O'Regan, Omar Alghabra, O'Regan, Ismail Shakil, Steve Scherer, Deepa Babington, Alexandra Hudson Organizations: Warehouse Union, REUTERS, British Columbia Maritime Employers Association, Bank of Canada, Labour, Port, Canadian Federation of Independent Business, Canadian Manufacturers, Alexandra Hudson Our, Thomson, & ' $ Locations: Vancouver , British Columbia, Canada, Chris Helgren VANCOUVER, British Columbia, British, Port of Vancouver, of, Vancouver, Ottawa

After a five-month pause, the BoC raised its overnight rate in June, saying monetary policy was not sufficiently restrictive. "If new information suggests we need to do more, we are prepared to increase our policy rate further," BoC Governor Tiff Macklem told reporters after the decision. The BoC's overnight target rate was last at 5.00% in March and April of 2001. Twenty of 24 economists surveyed by Reuters had expected the central bank to lift rates by a quarter of a percentage point. Money markets had seen a more than a 70% chance of a rate hike before the announcement.

Persons: Derek Holt, Andrew Kelvin, Steve Scherer, Ismail Shakil, Fergal Smith, Divya Rajogopal, Nivedita Balu, Paul Simao, Mark Porter Organizations: OTTAWA, Bank of Canada, Wednesday, BoC, Scotiabank, Reuters, TD Securities, Thomson Locations: Canada, Toronto

OTTAWA, July 11 (Reuters) - Canada's corporate ethics watchdog on Tuesday launched separate investigations into Nike Canada (NKE.N) and Dynasty Gold (DYG.V) to probe allegations that they used or benefited from forced Uyghur labor in their supply chains and operations in China. Nike Canada and Dynasty Gold are alleged to have or have had supply chains or operations in China identified as using or benefiting from the use of Uyghur forced labor, the Ombudsperson said in the statement. In the last couple of years several large U.S. and Canadian multinational companies have been accused of using Uyghur forced labor either directly or in their supply chains. The initial assessment into Nike details supply relationships with Chinese companies identified as using or benefiting from the use of Uyghur forced labor. The complaint against Dynasty Gold is that it benefited from the use of Uyghur forced labor at a mine in China in which the company holds a majority interest.

Persons: Ombudsperson Sheri Meyerhoffer, Ismail Shakil, Divya Rajagopal, Chris Reese, Sandra Maler Organizations: OTTAWA, Nike Canada, Responsible Enterprise, CORE, Reuters, U.S . Securities, Exchange Commission, Nike, Thomson Locations: China, Xinjiang, Beijing, Canadian, Ottawa, Toronto

☆ Six dead in corporate jet crash outside Los Angeles
▼ + stars: | 2023-07-08 | by ( ) www.reuters.com time to read: +1 min

July 8 (Reuters) - All six people aboard a small corporate jet died when the aircraft crashed and burned in a field near an airport outside the Los Angeles area early on Saturday, local and federal authorities said. The aircraft, a Cessna C550 business jet, was traveling from Las Vegas and crashed near French Valley Airport, about 85 miles (136.79 km) south of Los Angeles, at around 4:15 a.m. (0815 GMT), the Federal Aviation Administration said in a statement. Aerial video from local media showed burnt rubble in the shape of a small aircraft laying in a blackened part of a field across the road from the French Valley Airport. Radar data from flight tracking website FlightAware shows just one business jet traveling from Las Vegas to French Valley at the time. Reporting by Brad Heath in Washington and Ismail Shakil in Ottawa; editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.

Persons: Brad Heath, Ismail Shakil, Diane Craft Organizations: Cessna, Federal Aviation Administration, Airport, National Transportation, FAA, Thomson Locations: Los Angeles, Las Vegas, French, Riverside County, Washington, Ottawa

☆ Canadian farmer's thumbs-up emoji leads to $62,000 fine for undelivered flax
▼ + stars: | 2023-07-07 | by ( Ismail Shakil | ) www.reuters.com time to read: +1 min

OTTAWA, July 7 (Reuters) - A Canadian farmer has been ordered to pay more than C$82,000 ($61,784) in damages over an emoji confusion that a Saskatchewan judge resolved by ruling that a thumbs-up image is enough to accept contractual terms. Chris Achter, the owner of a farming company in Swift Current, Saskatchewan, had sent a thumbs-up emoji in response to a photograph of a flax-buying contract sent to him by a grains buyer in 2021. Months later, when the time of the delivery arrived, the buyer - which had been doing business with Achter for several years - did not receive the flax. "In my opinion the signature requirement was met by the thumbs-up emoji originating from Chris and his unique cell phone," Keene said. ($1 = 1.3272 Canadian dollars)Reporting by Ismail Shakil in Ottawa Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: Chris Achter, Rosetta Stone, Achter, Judge T.J, Keene, Chris okayed, Chris, Ismail Shakil, Marguerita Choy Organizations: OTTAWA, Swift Current, Thomson Locations: Saskatchewan, Israel , New York State, Canada, Ottawa

OTTAWA, July 7 (Reuters) - Canada's economy added far more jobs than expected in June, data showed on Friday, a result analysts said probably seals the deal for another Bank of Canada (BoC) interest rate hike next week. The unemployment rate in June increased for the second consecutive month and is now at its highest level since February 2022, though still below a pre-pandemic 12-month average, Statscan said. The June jobs report is the last major economic figure to be released before the BoC's rate announcement on Wednesday. Growth has remained resilient despite nine rate increases totaling 450 basis points since March of last year. The net jobs addition in June, the largest since January, were driven by full-time work.

Persons: Jobs, Statscan, Derek Holt, Royce Mendes, Ismail Shakil, Steve Scherer, Dale Smith, Emelia Sithole, Mark Porter Organizations: OTTAWA, Bank of Canada, BoC, Statistics, Scotiabank, Desjardins Group, Reuters, Canadian, Employment, Thomson Locations: Statistics Canada, Ottawa

☆ Canada agrees up to C$15 bln in incentives for Stellantis-LGES battery plant
▼ + stars: | 2023-07-06 | by ( Ismail Shakil | ) www.reuters.com time to read: +2 min

OTTAWA, July 6 (Reuters) - Canada is willing to dole out up to C$15 billion ($11.3 billion) in production incentives for a Stellantis-LG Energy Solution (LGES) (STLAM.MI), electric vehicle battery plant, trumping a record deal with Volkswagen as Ottawa competes with Washington to woo major clean-tech projects. The subsidies deal has resulted in construction resuming at the Stellantis-LGES plant after the companies halted the project in May demanding Canada match support available in the United States under the Inflation Reduction Act (IRA). Canada has said that projects like the Stellantis and Volkswagen battery plants would be "anchors" for a pivot to clean tech. The funding for the battery plant will be provided by Canada's federal government and the Ontario province in a pact structured similarly to the C$13 billion deal for Volkswagen's plant. ($1 = 1.3320 Canadian dollars)Reporting by Ismail Shakil in Ottawa; Editing by David HolmesOur Standards: The Thomson Reuters Trust Principles.

Persons: trumping, Stellantis, Ismail Shakil, David Holmes Organizations: OTTAWA, LG Energy, Volkswagen, Ottawa, U.S ., Thomson Locations: Canada, Washington, United States, Ontario, Detroit, Ottawa

☆ US, Canadian authorities warn about rising Truebot malware use to target organizations
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: 1 min

OTTAWA, July 6 (Reuters) - U.S. and Canadian authorities issued a joint advisory on Thursday warning about a widespread increase in the use of a type of malware called Truebot to target organizations in the two countries. "Cyber threat actors are using new variants of Truebot malware to exfiltrate large amounts of sensitive information for financial gain," the Canadian Centre for Cyber Security said in a joint advisory issued by authorities in the two countries, including the U.S. FBI. Reporting by Ismail Shakil in Ottawa; editing by Rami AyyubOur Standards: The Thomson Reuters Trust Principles.

Persons: Ismail Shakil, Rami Ayyub Organizations: OTTAWA, Canadian Centre for Cyber Security, U.S . FBI, Thomson Locations: Ottawa

July 5 (Reuters) - Stellantis-LG Energy Solution (LGES) (STLAM.MI) will resume construction of an electric-vehicle battery plant in Canada after the federal government and province of Ontario increased subsidies for the C$5 billion ($3.7 billion) project. The companies said on Wednesday battery production at the plant in the city of Windsor in Ontario was now set to begin in 2024, creating some 2,500 new jobs and targeting annual production capacity over 45 gigawatt hours. Stellantis and LGES first announced their battery plant investment in March last year, but tensions emerged a few months later in August when the U.S. passed the IRA, which includes a massive package of clean-tech incentives for companies. In April, Canada agreed to provide up to C$13 billion in manufacturing tax credits and a C$700 million grant to lure German automaker Volkswagen AG to build its North American battery plant in the country. It was the biggest single investment ever in Canada's EV supply chain.

Persons: Stellantis, LGES, North America Mark Stewart, Francois, Philippe Champagne, Chrystia Freeland, Steve Scherer, Ismail Shakil, Costas Pitas, Caitlin Webber, Eric Beech, Sonali Paul Organizations: LG Energy, Canada, IRA, Federal, Provincial, North America, Industry, Volkswagen AG, Thomson Locations: Canada, Ontario, Windsor, Detroit, United States, U.S, Ottawa

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