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☆ Watch CNBC's full interview with KPMG's Diane Swonk
▼ + stars: | 2023-06-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with KPMG's Diane SwonkDiane Swonk, chief economist at KPMG, and CNBC's Steve Liesman join 'The Exchange' to discuss Europe's central bank policy, the Bank of Canada's decision to restart rate hikes, and more.

Persons: KPMG's Diane Swonk Diane Swonk, Steve Liesman Organizations: KPMG, Bank of

☆ Despite Canada's prospects for a soft landing, it has resumed rate hikes: KPMG's Diane Swonk
▼ + stars: | 2023-06-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDespite Canada's prospects for a soft landing, it has resumed rate hikes: KPMG's Diane SwonkDiane Swonk, chief economist at KPMG, and CNBC's Steve Liesman join 'The Exchange' to discuss Europe's central bank policy, the Bank of Canada's decision to restart rate hikes, and more.

Persons: Diane Swonk Diane Swonk, Steve Liesman Organizations: KPMG, Bank of

☆ Canada investing C$350 mln to boost drive for sustainable aerospace industry
▼ + stars: | 2023-06-19 | by ( ) www.reuters.com time to read: +1 min

OTTAWA, June 19 (Reuters) - Canada is investing C$350 million ($265 million) to help fund efforts to make the aerospace industry more environmentally sustainable, Innovation Minister Francois-Philippe Champagne said on Monday. The focus will be on hybrid and alternative propulsion, aircraft systems, the transition to alternative fuels, and aircraft support infrastructure, he said in a statement. "(This) ... will help drive and accelerate the green industrial transformation of Canada's aerospace industry, generating high-value jobs while strengthening supply chains and supporting the transition to a net-zero economy," he said. Aviation, which produces around 2% of the world's emissions, is considered one of the hardest sectors to decarbonise. The C$350 million includes a C$49 million aerospace innovation investment announced in 2019.

Persons: Francois, Philippe Champagne, David Ljunggren, Jonathan Oatis Organizations: OTTAWA, Innovation, Aviation, Airbus, Air, Thomson Locations: Canada, Vancouver

But it sent the case back to a lower court to determine whether the contested agreement violates asylum seekers' right to equal treatment under the law. But the court also found an unaddressed question when it comes to whether the agreement violates equality rights. The agreement stands and the case will return to federal court to determine whether the agreement violates asylum seekers' right to equal treatment under the law. Refugee advocates claimed the agreement violates that right because they argue the United States is less receptive to refugee claims predicated on gender. In March, Royal Canadian Mounted Police intercepted 4,173 asylum seekers on their way to file refugee claims in Canada after crossing irregularly.

Persons: Jamie Chai Yun Liew, Anna Mehler, Denny Thomas, Jonathan Oatis Organizations: TORONTO, Rights, Refugee, Supreme, Reuters, Freedoms, Royal Canadian Mounted Police, Canada Border Services Agency, U.S . Customs, Border Patrol, U.S . Border Patrol, Customs, Thomson Locations: Canada, United States, Canada's, U.S

☆ China’s world banks are geopolitical victims
▼ + stars: | 2023-06-15 | by ( Una Galani | ) www.reuters.com time to read: +4 min

MUMBAI, June 15 (Reuters Breakingviews) - China’s “World Bank” tried in vain to carefully thread the geopolitical needle. Fairly or not, critics have lambasted China’s lending practices along the BRI as “debt trap diplomacy”. Whereas the smaller AIIB did things more the way developed countries wanted, even taking positions at odds with Beijing’s. Pickard alleged on Twitter that AIIB was an instrument of China, dominated by Communist party members who “operate like a secret police”. The AIIB said the comments by Pickard, who had served in his role since March 2022, were “baseless and disappointing”.

Persons: Bank ”, Bob Pickard, Jin Liqun, Pickard, AIIB, Chrystia Freeland, Pete Sweeney, Thomas Shum Organizations: Reuters, Bank, Infrastructure Investment Bank, Twitter, Communist Party, World Bank, Initiative, Beijing, International Monetary Fund, New Development Bank, Canadian, Communist, Department of Finance, Finance, Thomson Locations: MUMBAI, Canada, Beijing, India, France, Asia, Africa, Latin America, Argentina, Pakistan, Russia, Ukraine, China, Ottawa, Shanghai, Saudi Arabia

☆ Russian foreign ministry summons Canadian envoy over plane confiscation
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +1 min

OTTAWA, June 15 (Reuters) - Russia's Foreign Ministry said on Thursday that it had summoned a Canadian diplomat in Moscow in protest over the confiscation of an Antonov plane in Toronto, and warned that Russian-Canadian relations were on the "verge of being severed." Canada on Saturday ordered the seizure of a Russian-registered Antonov-124 cargo plane at Toronto's airport, its first such asset seizure aimed at putting pressure on Moscow over the Ukraine invasion. Russia told Brian Ebel, the deputy head of Canada's embassy in Moscow, that it viewed the plane seizure as "cynical theft," according to a statement from the foreign ministry. A spokesperson for the Canadian foreign ministry acknowledged Moscow's concerns, and reiterated Ottawa's "unwavering" support for Ukrainians. Those who have enabled, supported and profited from Russia's war in Ukraine will be held accountable," the spokesperson said in an emailed statement.

Persons: Brian Ebel, Trudeau, Ottawa's, Justin Trudeau, Ismail Shakil, Mark Potter, Alexandra Hudson Organizations: OTTAWA, Saturday, Canada, NATO, Alexandra Hudson Our, Thomson Locations: Canadian, Moscow, Toronto, Canada, Russian, Toronto's, Ukraine, Russia, Kyiv, Ukrainian, Ottawa

OTTAWA, June 14 (Reuters) - Canada is freezing ties with the China-led Asian Infrastructure Investment Bank (AIIB) while it probes allegations it is dominated by the Chinese Communist Party, Finance Minister Chrystia Freeland said on Wednesday. The bank's global communications director, a Canadian, said on Wednesday he had resigned and criticised the bank as "dominated by the Communist Party", allegations which the AIIB said were baseless. Liberal Prime Minister Justin Trudeau was in power when Canada joined the AIIB. The opposition Conservatives have long demanded Ottawa pull out of the bank, saying it is a tool for Beijing to export authoritarianism throughout the Pacific. The Royal Canadian Mounted Police said on Tuesday it was investigating allegations China tried to intimidate a federal Conservative legislator.

Persons: Chrystia Freeland, Freeland, AIIB, Justin Trudeau, David Ljunggren, Jonathan Oatis, Angus MacSwan Organizations: OTTAWA, Asian Infrastructure Investment Bank, Chinese Communist Party , Finance, Communist Party, Department of Finance, Liberal, Canada, Conservatives, Ottawa, Royal Canadian Mounted Police, Conservative, Beijing, Thomson Locations: Canada, China, Ottawa, Beijing

☆ Exclusive: Canada bank regulator says lenders should urgently tackle risks from mortgage extensions
▼ + stars: | 2023-06-13 | by ( Nivedita Balu | ) www.reuters.com time to read: +4 min

TORONTO, June 13 (Reuters) - Canada's financial regulator is urging lenders to tackle risks from mortgage extensions at the "earliest opportunity" as many borrowers try to navigate higher mortgage costs after the Bank of Canada's surprise rate hike last week. Canada's central bank has raised interest rates to a 22-year high of 4.75% and analysts are betting on another 25 points increase next month. The regulator had warned in April that though the short-term fix to extend mortgage payment periods helped borrowers, it would keep them in debt for longer. As the interest rate rises, the mortgage payment no longer covers the interest payment portion, which results in the mortgage balance and negative amortization. "We believe risks are still elevated with the prospect of more rate hikes adding to the headwind on mortgage renewals," Rizvanovic said.

Persons: OSFI, Royce Mendes, Mendes, Mike Rizvanovic, Rizvanovic, Nivedita Balu, Denny Thomas, Nick Zieminski Organizations: TORONTO, Bank of, Reuters, Desjardins, Bank of Canada, Bank, Thomson Locations: Toronto

☆ Explainer: Why is the Canadian economy strong despite record pace of rate hikes?
▼ + stars: | 2023-06-12 | by ( Steve Scherer | ) www.reuters.com time to read: +3 min

Analysts are betting on another rate hike in July, to help the Bank of Canada bring inflation back down to its 2% range. Here are some factors that are keeping demand robust in the Canadian economy. The savings rate has halved to 2.9% in the first quarter from the fourth quarter of last year, Statistics Canada said. The central bank says the fiscal spending is not adding to inflation, but it is not helping bring it down either. ($1 = 1.3347 Canadian dollars)Reporting by Steve Scherer; Additional reporting by Nivedita Balu in Toronto; Editing by Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Randall Bartlett, Bartlett, Steve Scherer, Nivedita Balu, Paul Simao Organizations: OTTAWA, Bank of Canada, Desjardins, Statistics, Thomson Locations: Canadian, Statistics Canada, Provinces, Toronto

☆ Morning Bid: Canadian cloud, rates markets checked
▼ + stars: | 2023-06-08 | by ( ) www.reuters.com time to read: +4 min

A look at the day ahead in U.S. and global markets from Mike DolanWildfire smoke wasn't the only cloud from Canada that drifted over the United States this week. It was enough to nudge borrowing rates back up slightly across the maturity spectrum and served a shot across the bow to otherwise buoyant stock markets and subdued risk gauges. Futures markets still see the Fed skipping a rate rise next week, delivering one final quarter-point hike in July and reversing that move by year end. Two-year Treasury yields firmed about 10 basis points to 3.80% - and sovereign debt yields around the world edged higher in sympathy. With Fed policymakers in a blackout period before next week's meeting, and new data points thin this week, market edginess was dominated by shifting sentiment more than anything.

Persons: Mike Dolan, Russell, Jane Merriman Organizations: Federal Reserve, Weekly U.S, Fed, Stock, Treasury, Reuters Graphics Reuters, Thomson, Reuters Locations: U.S, Canada, United States, Brussels

☆ Wildfires burn across Canada with little relief in sight
▼ + stars: | 2023-06-08 | by ( Nia Williams | ) www.reuters.com time to read: +2 min

June 8 (Reuters) - Forest fires continued to burn across Canada on Thursday as the country endured its worst-ever start to wildfire season, forcing thousands of people from their homes and sending a smoky haze billowing across U.S. cities. Hundreds of U.S. firefighters arrived in Canada to help and more were on their way. "These fires are affecting everyday routines, lives and livelihoods, and our air quality," Trudeau said on Twitter. Smoke-forecasting website BlueSky Canada showed wildfire smoke spreading across much of the country on Thursday. Reporting by Nia Williams in British Columbia; Editing by Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.

Persons: Bill Blair, Justin Trudeau, Trudeau, Rob Schweitzer, Nia Williams, Cynthia Osterman Organizations: Twitter, BC, Thomson Locations: Canada, U.S, Quebec, Alberta, Nova Scotia, Pacific, British Columbia, Ottawa, Toronto, Cleveland, Pittsburgh, United States, New York

☆ Morning Bid: O Canada! Markets wary of Fed hawkish surprise
▼ + stars: | 2023-06-08 | by ( ) www.reuters.com time to read: +2 min

A look at the day ahead in European and global markets from Ankur BanerjeeAnother day, another surprise hike. Broader consensus is that the Fed will do at least one more hike. The CME FedWatch tool showed the probability of the Fed hiking by 25 bps next week is 36%, it was 22% a day earlier. With a light data calendar and futures pointing to a mixed open in Europe, markets could drift on Thursday. Economists expect the Federal Reserve to pause on its tightening cycle on its June 13-14 meeting as price pressures soften and as its key rate rises above inflation for the first time since mid-2020.

Persons: Ankur Banerjee, Ryan Cohen, Coinbase, Brian Armstrong, Gary Gensler, Christopher Cushing Organizations: Ankur, Reserve Bank, Bank of, U.S . Federal Reserve, Reuters, U.S, GameStop, U.S . Securities, Exchange, Federal Reserve, Reuters Graphics Reuters, Thomson Locations: Asia, Japan, Europe, Singapore

OTTAWA, June 7 (Reuters) - The Bank of Canada on Wednesday hiked its overnight rate to a 22-year high of 4.75%, and markets and analysts immediately forecast yet another increase next month to ratchet down an overheating economy and stubbornly high inflation. Noting an uptick in inflation in April and the fact that three-month measures of core inflation remained high, the Bank of Canada (BoC) said that "concerns have increased that CPI inflation could get stuck materially above the 2% target." However, Canada Finance Minister Chrystia Freeland said the economic rebound from the COVID-19 pandemic and Russia's invasion of Ukraine has been stoking price increases. "To bring demand lower, which is the bank's goal to achieve their 2% inflation target, we just simply need more tightening." The BoC said it would continue to assess economic indicators going forward to see if they "are consistent with achieving the inflation target."

Persons: Derek Holt, Paul Beaudry, Canada's, Pierre Poilievre, Justin Trudeau, Chrystia Freeland, Andrew Kelvin, Steve Scherer, David Ljunggren, Fergal Smith, Divya Rajagopal, Nivedita Balu, Mark Porter Organizations: OTTAWA, Bank of Canada, Wednesday, Canadian, Scotiabank, BoC, Conservative Party, Liberal, Canada Finance, TD Securities, Thomson Locations: British Columbia, Ukraine, Canada, Toronto

The Bank of Canada's decision to raise rates to a 22-year high of 4.75% was not widely expected. This followed an equally surprising rate hike from Australia the day before, a one-two hawkish punch from policymakers that investors had probably not braced for. The Reserve Bank of India is expected to leave its key interest rate unchanged at 6.50% and for the rest of 2023, according to a Reuters poll of economists. The Australian dollar, which hit a one-month high on Wednesday following the RBA's rate hike, could get a nudge from Australian trade data on Thursday. Here are three key developments that could provide more direction to markets on Thursday:- India interest rate decision- Japan GDP (Q1, revised)- Australia trade (April)By Jamie McGeever;Our Standards: The Thomson Reuters Trust Principles.

Persons: Jamie McGeever Organizations: Nasdaq, Mega Tech, Reserve Bank of, U.S, Thomson, Reuters Locations: India, Canada, Australia, Reserve Bank of India, Japan

☆ Canadian wildfires prompt new evacuations, alarm over air quality
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Maye-E WongOTTAWA, June 7 (Reuters) - Firefighters battled hundreds of forest blazes on Wednesday as Canada's worst-ever early season wildfires prompted the evacuation of thousands and a blanket of smoky air wafting over U.S. cities. There are fires in nearly all of Canada's provinces and territories, with the eastern province of Quebec among the worst affected. The province, Canada's second-most populous, has suffered four times its 10-year average of wildfires so far this year. In neighboring Ontario province, Canada's most populous, deteriorating air quality has been forecast this week in cities including Ottawa and Toronto due to smoke plumes. Wildfires are common in Canada's western provinces, but this year flames have mushroomed rapidly in the country's east.

Persons: Wong OTTAWA, Francois Legault, Legault, Ismail Shakil, David Ljunggren, Deepa Babington Organizations: REUTERS, Firefighters, Residents, Thomson Locations: Manhattan, Canada, New York City , New York, U.S, Quebec, Canada's, New York, New Brunswick, France, United States, Portugal, Spain, Mexico, Chibougamau, Ontario, Ottawa, Toronto

☆ Greenback gains, Aussie jumps on RBA rate hike
▼ + stars: | 2023-06-06 | by ( Karen Brettell | ) www.reuters.com time to read: +3 min

NEW YORK, June 6 (Reuters) - The U.S. dollar gained against the euro and yen on Tuesday as investors focused on the likelihood that the Federal Reserve will continue hiking rates, while the Aussie jumped after the Reserve Bank of Australia (RBA) surprised with a rate increase. “We’re waiting to see if inflation is going to provide some upside surprises,” said Edward Moya, senior market analyst at OANDA in New York. Fed funds futures traders see the Fed as likely to then resume rate increases, with a 65% chance of an at least 25 basis-point increase in July, according to the CME Group's FedWatch Tool. The euro was last down 0.15% against the dollar at $1.0694 and the greenback gained 0.06% to 139.64 yen . ========================================================Currency bid prices at 3:00PM (1900 GMT)Additional reporting by Samuel Indyk in London; Editing by Sharon Singleton and Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: “, ”, Edward Moya, we’re, Moya, Chris Turner, Samuel Indyk, Sharon Singleton, Chizu Organizations: YORK, U.S ., Federal Reserve, Reserve Bank of Australia, New York Fed, Bank of, BoC, U.S, Canadian, Thomson Locations: U.S, New York, London

The Aussie was last up 0.6% at $0.6656, after leaping as high as $0.6686, a level last seen on May 16. "For this week it will be wait-and-see mode for euro-dollar," Al-Saraf said, expecting euro-dollar to remain rangebound around 1.07. Meanwhile, the dollar was flat at 139.58 yen , while sterling fell 0.2% to $1.2410. Elsewhere, bitcoin attempted to find its feet around $25,700, after tumbling 5.1% on Monday in its biggest drop since April 19. Reporting by Samuel Indyk and Kevin Buckland; Editing by Shri Navaratnam, Kim Coghill and Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

Persons: Sean Callow, Chris Turner, Mohamad Al, Saraf, bitcoin, Binance, Changpeng Zhao, Samuel Indyk, Kevin Buckland, Shri Navaratnam, Kim Coghill, Ed Osmond Organizations: Australian, Reserve Bank of Australia, U.S, Westpac, Bank of, BoC, Canadian, CENTRAL FOCUS, Market, Danske Bank, Fed, European Central Bank, Securities, Exchange Commission, SEC, Thomson Locations: U.S

☆ Morning Bid: Markets level, Aussie hikes, crypto judders
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +3 min

It raised interest rates by a quarter-point on Tuesday to an 11-year high and warned further tightening may be required to ensure that inflation returns to target, boosting the Aussie dollar as markets had been leaning towards a pause. Eyes will now be trained on the Bank of Canada's latest policy decision on Wednesday, with many forecasting it will resume tightening interest rates after a four-month pause. The crypto world was far from calm, with Bitcoin trying to find its feet after a 5% recoil to three-month lows on Monday. The Securities and Exchange Commission complaint listed 13 charges against Binance, Zhao and the operator of its purportedly independent U.S. exchange. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Mike Dolan, Binance, Changpeng Zhao, Zhao, Nansen, Antony Blinken, Smucker Organizations: Apple, Federal Reserve, Reserve Bank of Australia, Bank of Canada's, . U.S, Securities, Exchange, Binance, U.S, Saudi, Smucker Reuters Graphics, PMI Reuters Graphics Reuters, Reuters, Thomson Locations: U.S, Australia, ., Saudi Arabia

☆ Analysis: Strong economy puts Bank of Canada's 4-month rate hike pause in doubt
▼ + stars: | 2023-06-05 | by ( Steve Scherer | ) www.reuters.com time to read: +4 min

Inflation, which peaked at 8.1% last year, accelerated for the first time in 10 months in April to 4.4%, more than double the Bank of Canada's 2% target. The recent recovery in Canada's housing market is also putting pressure on prices, analysts say. "The Bank of Canada's penchant for surprising traders means that nothing can be ruled out," said Royce Mendes, head of macro strategy at Desjardins Group. Mendes said there could be more than one rate hike in the cards, and Canadians should "brace themselves for a further tightening in financial conditions this summer". "The latest round of data adds weight to our view that the Bank will need to conduct an insurance rate hike at either of its next two meetings," said Jay Zhao-Murray, FX analyst at Monex Canada.

Persons: Stephen Brown, Royce Mendes, Mendes, Macklem, Jay Zhao, Murray, Steve Scherer, Fergal Smith, Denny Thomas, Daniel Wallis Organizations: OTTAWA, Bank of Canada, BoC, Bank of Canada's, North, Capital Economics, Reuters, Federal Reserve, Desjardins Group, Monex Canada, Thomson Locations: North America, United States, States

☆ Four children die after group swept away by tide in Canada's Quebec
▼ + stars: | 2023-06-03 | by ( ) www.reuters.com time to read: 1 min

June 3 (Reuters) - Four children died and a man was missing after 11 people fishing on the shore of the St. Lawrence River in Canada's Quebec province were swept away by a tide, police said on Saturday. The children, all over the age of 10, were found unresponsive early Saturday morning on the shore in the Portneuf-sur-Mer area north of Quebec City. Emergency services were called at 2 a.m., and six people were rescued from the water. The incident occurred in the Côte-Nord region of Canada's Quebec which covers much of the northern shore of the Saint Lawrence River. Reporting by Kanjyik Ghosh and Nivedita Balu in Bengaluru; Editing by Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.

Persons: Kanjyik Ghosh, Nivedita Balu, Cynthia Osterman Organizations: Thomson Locations: St, Lawrence, Canada's Quebec, Mer, Quebec City, Nord, Saint Lawrence, Bengaluru

☆ Rising risk appetite lifts Canadian dollar to two-week high
▼ + stars: | 2023-06-01 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

The loonie was trading 0.9% higher at 1.3445 to the greenback, or 74.38 U.S. cents, after touching its strongest intraday level since May 16 at 1.3434. The U.S. House of Representatives passed a bill to suspend the U.S. debt ceiling on Wednesday evening. The Senate will stay in session until it passes the measure, Democratic Majority Leader Chuck Schumer said on Thursday. The rebound in oil prices was also supportive of the loonie, Sahota said. Domestic data showed manufacturing activity slowed in May as high inflation and inventory cutting held back customer demand.

Persons: Amo Sahota, Chuck Schumer, Sahota, Fergal Smith, Will Dunham Organizations: U.S, Canadian, FX, The U.S . House, Democratic, Wall, P Global Canada Manufacturing, Thomson Locations: TORONTO, U.S, Australia, New Zealand, San Francisco, The

While a federal election is not due until 2025, housing affordability is among the top concerns for Canadians who have grappled with supply shortages. The Liberal Party government's ambitious plan to welcome 500,000 immigrants per year by 2025, or about 1.25% of its population, is expected to fuel robust demand for housing. In April 2022, the Liberal government announced plans to double housing construction over the next decade. It's been 8 years (since he took power), and now, housing costs have doubled," Poilievre said on Twitter earlier this month. Speaking with the heads of Canada's municipalities last week, Trudeau said the government's next "long term infrastructure" plan will be revealed this autumn.

Persons: Justin Trudeau, Randall Bartlett, Bartlett, Pierre Poilievre, Trudeau, Poilievre, Darrell Bricker, they're, Bricker, James Laird, Laird, Fergal Smith, Steve Scherer, Marguerita Choy Organizations: TORONTO, Bank of Canada, Liberal Party, Desjardins, Liberal, Housing, Canada Mortgage, Housing Corporation, Canadian Home Builders ' Association, Reuters, Conservative Party, Twitter, Toronto Area, Public Affairs, Thomson Locations: Toronto, Ottawa

Companies Equinor ASA FollowBp Plc FollowWINNIPEG, Manitoba, May 31 (Reuters) - Norway's Equinor ASA (EQNR.OL) said on Wednesday that it will postpone its Bay du Nord Canadian offshore oil project for up to three years, due to rising costs. Ottawa backed Bay du Nord saying that it would produce relatively low emissions. "Bay du Nord is an important project for Equinor. "The (Bay du Nord) economics are positive but if you play around with costs and risk more, it's not going to be the best opportunity in their portfolio," he said. Bay du Nord would be so far from shore - 500 kilometers (311 miles) - that it falls in international waters.

Persons: Justin Trudeau's, ”, Trond Bokn, Equinor's, Equinor, Newfoundland & Labrador Premier Andrew Furey, it's, Mark Oberstoetter, Wood Mackenzie, Rod Nickel, Nia Williams, Marguerita Choy Organizations: ASA, Bp, Equinor ASA, Ottawa, Newfoundland & Labrador Premier, BP, Wood, Sierra Club Canada, Columbia, Thomson Locations: WINNIPEG , Manitoba, du Nord Canadian, Bay, Nord, Newfoundland, Norway, Brazil, Winnipeg , Manitoba

[1/2] Danielle Smith of the United Conservative Party (UCP) gestures during her party's provincial election night party after a projected win in Calgary, Alberta, Canada May 29, 2023. Smith, leader of the United Conservative Party (UCP), defeated left-leaning New Democratic Party leader Rachel Notley on Monday, and immediately targeted Trudeau, threatening the country's ambitious climate goals. Some analysts have said deep emissions cuts are not possible without reducing oil production, which Smith fiercely opposes. "As premier I cannot under any circumstances allow these contemplated federal policies to be inflicted upon Albertans." "One of the challenges is there is a political class in Alberta that has decided that anything to do with climate change is going to be bad for them or for Alberta," Trudeau told Reuters in a January interview.

☆ A budget Canadian airline had 4 of its planes repossessed. Its CEO is blaming a conspiracy.
▼ + stars: | 2023-05-25 | by ( Bianca Giacobone | Taylor Rains | ) www.businessinsider.com time to read: +7 min

In March, lessor Airborne confiscated four of Flair Airlines' planes because of late payments. A low-cost Canadian upstart airline had four of its planes repossessed by New York-based aircraft lessor Airborne Capital on March 11, forcing the carrier to cancel multiple flights and leaving a trail of disgruntled passengers behind. Flair Airlines CEO Stephen Jones blamed "behind the scenes" scheming between the airline's competitors and Airborne Capital for the repossession of four of Flair's Boeing 737 planes. It's not the first time Flair has clashed with other Canadian airlines. US investment firm 777 Partners owns a 25% stake in Flair Airlines, which was cause for concern for the CTA.

Persons: Stephen Jones, Flair, We've, Jones, — Flair, It's, —, Tim Donovan, Donovan, Prince Edward Island Organizations: Airborne, Flair Airlines, Flair, Morning, Capital, Airborne Capital, Boeing, The Canadian Press, Air Canada, BOC Aviation, Financial, Ontario Superior Court of Justice, National Airlines Council of Canada, Canadian Transportation Agency, Partners, CTA, National Airlines Council, Easter, Airways Magazine, Bonza Airlines, Dominican Republic Locations: New York, North America, Canada, Titusville , New Brunswick, Toronto, Saint John , New Brunswick, Charlottetown, Ottawa, Montreal, Florida, Dominican

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