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OTTAWA, Nov 7 (Reuters) - Canada's trade surplus with the world increased twice as much as forecast in September, as higher crude prices helped exports gain for a third straight month, data showed on Tuesday. September's trade surplus gained to C$2.04 billion ($1.48 billion), Statistics Canada said, compared with a Reuters poll pointing toward a C$1.00 billion surplus. Energy products led the gains, mainly due to higher crude oil prices that coincided with the extension of voluntary production cuts by OPEC+. Partly offsetting the gains, exports of metal and non- metallic mineral products fell 10.7% in September from an all-time high in August. Overall, motor vehicles and parts recorded its sixth consecutive monthly rise, despite strike disruptions in the United States - Canada's biggest trade partner.

Persons: Stuart Bergman, Bergman, Shelly Kaushik, Ismail Shakil, Steve Scherer, Fergal Smith, Dale Smith, Ed Osmond, Chizu Organizations: OTTAWA, Statistics, Export Development Canada, Energy, ., Canadian, greenback, Bank of Canada's, BMO Capital Markets, Thomson Locations: Statistics Canada, United States, Toronto, Ottawa

"It's probably going to be a rough July and a rough summer," she said in a phone interview. Canada's trade deficit with countries other than the United States, its biggest trading partner, widened to an all-time high as month-over-month exports declined 5.5%, while imports were down marginally. The overall trade deficit matched the C$3.73 billion shortfall in October 2020. The Canadian dollar traded slightly higher at C$1.3477 to the U.S. dollar, or 74.20 U.S. cents, up from C$1.3498 to the U.S. dollar, or 74.09 U.S. cents. By volume, imports were up 0.9%.

Persons: Chris Helgren, Statscan, Meena Aier, It's, Olivia Cross, Cross, Ismail Shakil, David Ljunggren, Bernadette Baum, Jonathan Oatis Organizations: Port, REUTERS, OTTAWA, Statistics, Export Development, Capital Economics, Canadian, U.S ., Thomson Locations: Port of Vancouver , British Columbia, Canada, Statistics Canada, United States, of Nova Scotia, Ottawa

☆ Canada guarantees up to $2.2 billion in fresh loans to Trans Mountain expansion project
▼ + stars: | 2023-08-05 | by ( ) www.reuters.com time to read: +2 min

Companies Kinder Morgan Inc FollowAug 5 (Reuters) - A Canadian government agency has guaranteed fresh commercial loans of up to C$3 billion ($2.2 billion) to the controversial Trans Mountain pipeline expansion project that has suffered repeated cost overruns. Prime Minister Justin Trudeau's Liberal government bought the Trans Mountain pipeline in 2018 from Kinder Morgan Inc (KMI.N) to ensure the expansion project got built and provided a C$10 billion loan guarantee to TMC. It is meant to unlock Asian markets for Canadian oil, which is mostly exported to the United States now. TMC had received a up to C$3 billion loan guarantee between late March and early May this year and had received a C$10 billion loan guarantee in 2022 from the federal government. Canada's finance ministry did not immediately respond to a Reuters request for comment on the fresh loan guarantee.

Persons: Justin Trudeau's, Chrystia Freeland, Anirudh, Alistair Bell Organizations: Kinder Morgan, Canadian, Export Development Canada, Justin Trudeau's Liberal, Kinder Morgan Inc, TMC, Finance, Liberal, Thomson Locations: United States, Burnaby , British Columbia, Bengaluru

☆ Canada govt body guarantees up to $2.2 bln fresh loan to Trans Mountain expansion project
▼ + stars: | 2023-08-05 | by ( ) www.reuters.com time to read: +2 min

It is meant to unlock Asian markets for Canadian oil, which is mostly exported to the United States now. Critics have also slammed the ownership of a pipeline project by the Liberal government, which they argue runs counter to Trudeau's ambitious climate goals. TMC had received a up to C$3 billion loan guarantee between late March and early May this year and had received a C$10 billion loan guarantee in 2022 from the federal government. Canada's finance ministry did not immediately respond to a Reuters request for comment on the fresh loan guarantee. In June, a finance ministry spokesperson said the loan guarantee was "common practice" and did not reflect any new public spending.

OTTAWA, June 1 (Reuters) - The Canadian government is backing up to C$3 billion ($2.24 billion) in loans for Trans Mountain Corp (TMC), the crown corporation building an over-budget and long-delayed oil pipeline expansion to Canada's Pacific Coast. Last year Liberal Prime Minister Justin Trudeau's government, which bought the Trans Mountain pipeline in 2018 to ensure the expansion project got built, provided a C$10 billion loan guarantee to TMC. The Trans Mountain Expansion will nearly triple the flow of crude from Alberta's oil sands to Burnaby, British Columbia, to 890,000 barrels per day and is intended to boost access to Asian refining markets. Finance Ministry spokeswoman Marie-France Faucher said the loan guarantee was "common practice" and did not reflect any new public spending. TMC is paying a fee to the government for the loan guarantee, she said.

Persons: Justin Trudeau's, Chrystia Freeland, Marie, France Faucher, Faucher, Stephen Ellis, Keith Stewart, Ismail Shakil, Nia Williams, Daniel Wallis, Richard Chang Organizations: OTTAWA, Canadian, Trans Mountain Corp, Export Development, Liberal, TMC, Finance, Morningstar, Greenpeace Canada, Thomson Locations: Coast, Burnaby , British Columbia, France

☆ Canada posts surprise January trade surplus of C$1.9 billion on export gains
▼ + stars: | 2023-03-08 | by ( Ismail Shakil | ) www.reuters.com time to read: +2 min

OTTAWA, March 8 (Reuters) - Canada recorded an unexpected trade surplus of C$1.9 billion ($1.38 billion) in January, driven by broad-based gains in exports, while imports posted a smaller increase led by motor vehicles and parts, Statistics Canada data showed on Wednesday. Statscan also revised December's trade figures to a surplus of C$1.2 billion from an initial C$160 million deficit. read moreTotal exports rose 4.2% in January on the back of gains in all product categories that more than offset a fall in energy products exports. By volume, total exports were up 5.3% in January. Imports increased 3.1% after two consecutive monthly declines, largely driven by motor vehicles and parts as well as industrial machinery, equipment and parts.

☆ Exclusive: Green logistics company GoBolt raises $55 million to build out a fleet of electric trucks
▼ + stars: | 2022-12-06 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +4 min

GoBolt raised a $55 million in funding, bringing its total capital raised to $162 million CAD. The company achieved a higher valuation compared to its Series B, despite the market "bloodbath". GoBolt seeks to build out its fleet of electric trucks and one day be "carbon negative". The 3rd party logistics company Second Closet hired had just called to say they weren't going to make it. The company raised the funds in Canadian dollars but the amounts have been converted to US dollars for this article.

☆ Attabotics raises $71 million as startups vie with Amazon over robotic warehouse of the future
▼ + stars: | 2022-11-15 | by ( Ian Thomas | ) www.cnbc.com time to read: +2 min

Attabotics' all-in-one automated fulfillment system is condensed into a single vertical structure, using robotic shuttles to pick goods and then deliver to workers. Attabotics, a 3-D robotics supply chain company, has raised $71.7 million in new funding to continue its push into automatizing warehouses. The raise comes amid the push to further optimize shipping fulfillment and warehouse technology as e-commerce continues to grow. Amazon has steadily added to its fleet of warehouse robots since it acquired Kiva Systems for $775 million in 2012, which has now become Amazon Robotics, the company's in-house incubator of robotic fulfillment systems. In June, Amazon unveiled its first fully autonomous robot that can operate alongside warehouse workers, in addition to other systems that can sort and move packages.

In October, the economy added a net 108,300 jobs, and wages growth climbed to 5.5%, even as the economy began to stall. Up until a few months ago, Kriska's 1,200 employees were too few to keep up with demand, Seymour said. Dennis Darby, who heads Canadian Manufacturers and Exporters business lobby, says there are still some 80,000 vacancies in manufacturing. Reuters GraphicsONE MILLION JOBSCanada has nearly a million open jobs and just over a million unemployed people. As global supply chain bottlenecks dissipate, labor demand will rebound in sectors that have a backlog of orders due to forced production cuts.

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