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☆ Some of OpenAI's top new executives are a nod to its upcoming fights in the courtroom and Washington
▼ + stars: | 2024-09-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

This story is available exclusively to Business Insider subscribers. Jason Redmond/AFP/Getty ImagesA good chunk of the executives Darius highlighted aren't involved in OpenAI's tech. Some of OpenAI's most high-profile executives are instead addressing legal challenges and lobbying regulators in the US and abroad. It's a nod to the fact OpenAI's biggest upcoming fights will take place in a courtroom as opposed to a computer screen. Luckily for you, Business Insider has identified the most famous book set in every state.

Persons: —, Tyler Le, Sam Altman, Altman, he's, Darius Rafieyan, OpenAI, Darius, it's, Jason Redmond, aren't, It's, Justin Trudeau's, Somodevilla, Warren Buffett, David Einhorn, Chelsea Jia Feng, Amazon's, Natalie Ammari, Harris, Jamie Dimon, Dimon, Harvey Weinstein, world's, Dan DeFrancesco, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Service, Business, Apple, Getty, OpenAI, BMO Capital Markets, Healthcare, Amazon, Google, Trump, Facebook, Reading, Fed, The Locations: AFP, New York, London

☆ Justin Trudeau's future as the Canadian prime minister is looking increasingly shaky
▼ + stars: | 2024-09-17 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +1 min

Canadian Prime Minister Justin Trudeau suffered another setback. His Liberal Party lost a Parliament seat that it had held for most of the last century. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementCanadian Prime Minister Justin Trudeau suffered a new setback this week after his party lost a Parliament seat it had held for most of the last century. Trudeau's Liberal Party lost in the Montreal parliamentary constituency of La Salle-Émard-Verdun against the Bloc Québécois, according to final results released early on Tuesday.

Persons: Justin Trudeau, Trudeau, —, Laura Palestini, Bloc Québécois, Louis, Philippe Sauvé, Craig Sauvé Organizations: Canadian, Liberal Party, Service, Trudeau's Liberal Party, La Salle, Bloc, Liberal, Business Locations: Montreal, La, Émard, Verdun

☆ Canada spies found China 'clandestinely and deceptively' interfered in last two elections
▼ + stars: | 2024-04-09 | by ( ) www.cnbc.com time to read: +1 min

Canada's domestic spy agency concluded that China interfered in the last two elections, an official probe heard on Monday, the firmest evidence so far of suspected Chinese meddling in Canadian politics. Canada's domestic spy agency has concluded that China interfered in the last two elections, based on the firmest evidence so far of suspected Chinese meddling in Canadian politics. Under pressure from opposition legislators unhappy about media reports on China's possible role, Trudeau set up a commission into foreign interference. "We know that the PRC (Peoples' Republic of China) clandestinely and deceptively interfered in both the 2019 and 2021 elections," it said. "State actors are able to conduct foreign interference successfully in Canada because there are few legal or political consequences.

Persons: Justin Trudeau's, Trudeau, Erin O'Toole Organizations: Justin Trudeau's Liberal Party, Canadian Security Intelligence Service, Peoples, Global News, Conservatives, CSIS Locations: China, Peoples ' Republic of China, PRC, Canada

☆ Explainer: What is Alberta's Sovereignty Act?
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +4 min

Below are some key aspects of the act:WHAT IS THE ALBERTA SOVEREIGNTY ACT? Alberta Sovereignty Within a United Canada Act was approved by the legislature in December 2022 after the initial bill was diluted to its current form. The act affirmed that the Alberta legislature, not Smith's cabinet, would have the last word on lawmaking. The Sovereignty Act was one of the most eye-catching policies Smith promised to introduce after becoming premier last year. Former conservative premier Jason Kenney has blasted the Alberta Sovereignty Act as a "full-frontal attack on the rule of law" that risked turning Alberta into a "banana republic".

Persons: Danielle Smith, Todd Korol, Justin Trudeau's, Smith, " Smith, Trudeau, Jason Kenney, Denny Thomas, Rod, Deepa Babington, Aurora Ellis Organizations: Calgary Stampede, REUTERS, Smith's United Conservative Party, Liberal, ACT, Alberta, United, First Nations, Ottawa, federal National Energy Program, Wildrose Party, Reuters, Former, Thomson Locations: Alberta, Calgary , Alberta, Canada, ALBERTA, United Canada, Saskatchewan, Alberta . Alberta, Ottawa

☆ Alberta to invoke controversial law to resist Canada's energy policy
▼ + stars: | 2023-11-25 | by ( ) www.reuters.com time to read: +2 min

Alberta has long been at odds with Prime Minister Justin Trudeau's Liberal government over energy policy. "We have been trying to work collaboratively with them on aligning their targets with our targets," Smith said on Saturday said on the radio program "Your Province. We have to have an affordable grid, and we're going to make sure that we defend our constitutional jurisdiction to do that." The Trudeau government's clean electricity regulations are designed to create a net-zero emissions power grid by 2035 by putting limits on when and how emitting power sources, such as Alberta's natural gas-burning plants, can be used starting in 2035. Reporting by Nivedita Balu in Toronto; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Danielle Smith, Justin Trudeau's, Smith, Steven Guilbeault, Trudeau, Nivedita Balu, Leslie Adler Organizations: TORONTO, Justin Trudeau's Liberal, Alberta, Canada's, United, Thomson Locations: Alberta, Province, United Canada, Toronto

Breton also is co-chair of a government working group on charging infrastructure. "People seem to forget that the backbone of the infrastructure is not public charging, it's home charging," Breton said. 'SERIOUS CHALLENGE'Breton said that 30% of the cost of installing a home EV charging station in the U.S. is covered by a federal tax credit, while California residents can receive rebates for upgrading charging stations and electric panels. Most Canadians drive short distances to work, meaning that public charging is mainly necessary for longer-haul travellers, Breton said. Canada had 19 EVs per public charging point in 2022, while the number was 24 in the U.S., according to the Paris-based International Energy Agency.

Persons: Chris Helgren, Justin Trudeau's, Canada's, Daniel Breton, Breton, Brian Kingston, Kingston, Joanna Kyriazis, Rod Nickel, Denny Thomas, Paul Simao Organizations: Volkswagen, Canadian, REUTERS, Companies Parkland Corp, Justin Trudeau's Liberal, Infrastructure Bank, Parkland Corp, EV, Electric Mobility Canada, Natural Resources, International Energy Agency, Clean Energy Canada, Simon Fraser University, Canadian Vehicle Manufacturers ' Association, Thomson Locations: Toronto , Ontario, Canada, WINNIPEG , Manitoba, British Columbia, Canadian, Parkland, Breton, U.S, California, Natural Resources Canada, Paris, Vancouver, Ottawa, Winnipeg , Manitoba

☆ Canada to add spending for housing amid slow growth and high debt payments
▼ + stars: | 2023-11-21 | by ( Steve Scherer | ) www.reuters.com time to read: +3 min

Canada's Deputy Prime Minister and Minister of Finance Chrystia Freeland attends the Canada-CARICOM Summit in Ottawa, Ontario, Canada October 18, 2023. Housing Minister Sean Fraser on Monday confirmed the government is considering such a measure. Many Canadians are dealing with higher living costs and housing affordability has emerged as the main criticism against the government. Freeland has promised to use the FES to try to boost housing supply and to help Canadians struggling with inflation. The Bank of Canada hiked rates to a 22-year high of 5.00% between March of last year and July of this year.

Persons: Finance Chrystia Freeland, Blair Gable, Chrystia Freeland, Justin Trudeau's, Freeland, Derek Holt, Holt, Sean Fraser, Trudeau, Pierre Poilievre, Steve Scherer, Matthew Lewis Organizations: Finance, Canada, CARICOM, REUTERS, OTTAWA, Canada Finance, Justin Trudeau's Liberal, Scotiabank, Canadian Broadcasting Corp, Toronto Star, Housing, Monday, Conservative, Bank of Canada, Reuters, Thomson Locations: Ottawa , Ontario, Canada, FES, United States, Ottawa

OTTAWA, Nov 21 (Reuters) - Canada's annual inflation rate eased more than expected to 3.1% in October and core inflation measures edged down to their lowest levels in about two years, data showed on Tuesday, likely closing the door to further rate hikes. The Bank of Canada (BoC) targets 2% annual inflation. "If the door wasn't already shut to additional rate hikes, it now should be." The bank projects inflation to hover around 3.5% until mid-2024, before trickling down to its 2% target in late 2025. Dragging the annual inflation rate in October was a 7.8% drop in gasoline prices, which benefited from comparison with a price surge in October 2022.

Persons: Royce Mendes, Simon Harvey, Chrystia Freeland, Justin Trudeau's, Ismail Shakil, Steve Scherer, Dale Smith, Fergal Smith, Divya Rajagopal, Chizu Organizations: OTTAWA, Reuters, Statistics, Bank of Canada, BoC, CPI, Desjardins Group, Canadian, Justin Trudeau's Liberal, Thomson Locations: Statistics Canada, Europe, Canada, Ottawa, Toronto

☆ Canada warns of economic uncertainty if Alberta quits national pension plan
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Susana Vera/File Photo Acquire Licensing RightsOTTAWA, Nov 3 (Reuters) - Canada will face rising economic uncertainty if the province of Alberta carries out a threat to withdraw from the Canada Pension Plan (CPP), federal Finance Minister Chrystia Freeland said on Friday. Alberta Finance Minister Nate Horner later on Friday said the province would not leave fellow Canadians without a stable pension and its associated benefits. "For the past several weeks, Alberta has been having an open discussion about the possibility of establishing an Alberta Pension Plan that will benefit our seniors and workers," he said. The so-called Alberta Pension Protection Act would require Albertans to vote in favor of a pension plan for the province during a public referendum before the provincial government would seek to withdraw assets, the statement said. "Alberta would need to negotiate complex time-consuming portability agreements with the CPP and with the Quebec Pension Plan," she said.

Persons: Finance Chrystia Freeland, Susana Vera, Chrystia Freeland, Freeland, Nate Horner, Justin Trudeau's, Danielle Smith's, Smith, Trudeau, Pierre Poilievre, Maiya Keidan, David Ljunggren, Kirsten Donovan, Paul Simao Organizations: Finance, IMF, World Bank, REUTERS, Rights OTTAWA, Canada, federal, Alberta, Liberal, Danielle Smith's United Conservative Party, Conservative Party, Thomson Locations: Marrakech, Morocco, Canada, Alberta, Quebec, Toronto, Ottawa

OTTAWA, Nov 2 (Reuters) - The Canada Energy Regulator (CER) on Thursday ordered the Trans Mountain oil pipeline expansion project to stop work in a wetland area near Abbotsford, British Columbia, after inspectors found several environmental and safety-related non-compliances. Trans Mountain Corp, the Canadian government-owned corporation building the expansion project, said the order applies to a specific work area of about 800 metres. Work on the oil pipeline expansion project is more than 95% complete, Trans Mountain said. Prime Minister Justin Trudeau's Liberal government bought the pipeline in 2018 to ensure the expansion project went ahead. In 2021, Trans Mountain was ordered to stop work for four months to protect hummingbird nests along a one-kilometer section of its route.

Persons: Justin Trudeau's, Ismail Shakil, Nia Williams, Leslie Adler, Diane Craft, Aurora Ellis Organizations: OTTAWA, Canada Energy Regulator, Canadian, Trans Mountain Corp, U.S ., Justin Trudeau's Liberal, Thomson Locations: Abbotsford, British Columbia, Alberta, Coast, Asia, U.S . West Coast, Trans

☆ Canada pulls 41 diplomats from India as bilateral tensions escalate over Sikh killing
▼ + stars: | 2023-10-20 | by ( Clement Tan | ) www.cnbc.com time to read: +1 min

Heavy security deployed at High Commission of Canada on September 19, 2023 in New Delhi, India. Canada has pulled 41 diplomats and their families from India, after New Delhi threatened to have their diplomatic immunities revoked if Ottawa did not comply with demands for parity in diplomatic staffing. The move effectively slashed Canada's diplomatic numbers in India — its largest source of new migrants — by about two-thirds. India's Ministry for External Affairs did not immediately respond to a CNBC request for comment after office hours. Tensions between the two countries escalated in September when Canadian Prime Minister Justin Trudeau's claimed there were "credible allegations" the Indian government orchestrated the extra-judicial slaying of a Sikh separatist in Canada.

Persons: Justin Trudeau's Organizations: High Commission, Canada, Ottawa, Canadian Foreign Ministry, India's, Affairs, CNBC, Canadian Locations: New Delhi, India, Canada, India —, Bengaluru, Chandigarh, Mumbai

OTTAWA, Oct 13 (Reuters) - Canada's Supreme Court on Friday ruled a federal law assessing how major infrastructure projects like coal mines and oil sands plants impact the environment is largely unconstitutional, in a blow to Prime Minister Justin Trudeau's government. "This is a significant setback for the federal government," said David Wright, a law professor at the University of Calgary. "The court has said the federal government can enact environmental assessment legislation but the way they went about it, for most of this law, goes too far." The IAA was drafted by Trudeau's Liberal government in 2019 in a bid to streamline and restore trust in the environmental approval process for major projects. Last year the federal government warned Suncor the environmental impact from expanding Base Mine would be "unacceptable" under the IAA because expected carbon emissions were too high.

Persons: Justin Trudeau's, Bill C, Richard Wagner, David Wright, Wright, Danielle Smith, Trudeau, Mike Martens, Major, Ismail Shakil, Nia Williams, David Ljunggren, Deborah Kyvrikosaios, Richard Chang Organizations: OTTAWA, Alberta, University of Calgary, IAA, Trudeau's Liberal, Liberals, Industry, Independent Contractors, Association Alberta, Thomson Locations: Canada, Ottawa, Alberta

☆ Analysis: Canada may struggle to recoup $26 billion cost of Trans Mountain pipeline
▼ + stars: | 2023-10-12 | by ( Nia Williams | ) www.reuters.com time to read: +5 min

Prime Minister Justin Trudeau's Liberal government bought Trans Mountain in 2018 for C$4.5 billion to rescue the expansion project, which has struggled with years of regulatory delay and massive cost overruns. A Reuters survey of five analysts and investors valued Trans Mountain between C$15 billion and C$25 billion, based on factors including projected earnings and oil shipping tolls. Trans Mountain Corp (TMC) CEO Dawn Farrell told local media last week the sale could wrap up by early 2025, just as Canada heads into a federal election. Trans Mountain offers strategic value as it is the only pipeline taking crude from Canada's oil patch to the Pacific, and on to Asian refining markets. "It's hard to imagine...that a pipeline like Trans Mountain would ever be built again," Poscente said.

Persons: Justin Trudeau's, Ryan Bushell, Dawn Farrell, Michael Dunn, Paul Poscente, Poscente, Pembina, Scott Burrows, Enbridge, Marc Weil, Dave Szybunka, Szybunka, Rod Nickel, Steve Scherer, Denny Thomas, Marguerita Choy Organizations: Ottawa, Justin Trudeau's Liberal, Reuters, Newhaven Asset Management, Trans Mountain Corp, Mountain, Cenovus Energy, Nations, Axxcelus, Chinook, Pembina Pipeline Corp, Indigenous Pipeline, TC Energy, Keystone, TC, Canoe Financial, Thomson Locations: Canada, Alberta, Trans, Newhaven, Pembina, U.S, Gulf, Calgary, Winnipeg, Ottawa

In Canada, homeowners can take out five-year mortgages, unlike in the U.S. where customers can snag a 30-year mortgage. In some cases, renewed home loan rates could reach 7%, which would push up the average Canadian mortgage by at least a few hundred dollars per month, mortgage brokers estimate. Canadians are already struggling to repay their debts amid high costs of living and rising interest rates. "This dramatic rise in bond yields means that when the computer chugs along and sets up the rates for next week, they will be using higher rates based on these high bond yields," Toronto-based mortgage broker Ron Butler said. He suggests that the spike in bond yields over the past month could on average add C$600 in monthly payments.

Persons: Lars Hagberg, Daniel Vyner, Wowa, Ron Butler, Justin Trudeau's, Hanif Bayat, Butler, Nivedita Balu, Fergal Smith, Denny Thomas, Josie Kao Organizations: REUTERS, Rights, Capital, Bank of, Canada Mortgage, Housing Corp, Bank of Canada, Mortgage Professionals Canada, Thomson Locations: Ottawa , Ontario, Canada, U.S, Toronto

In that case, Britain accused Russia of an assassination attempt on its soil and expelled 23 Russian diplomats from the country. For its part, the U.S. expelled 60 Russian diplomats and ordered the closure of Russia's consulate in Seattle in solidarity with its British ally. If asked by Canada to expel a large number of Indian diplomats, these officials said, the U.S. would have little choice but to comply. This week, India told Canada to remove 41 of its 62 diplomats in the country, ramping up the confrontation. Trudeau and other Canadian officials, including Foreign Minister Melanie Joly, have hinted that Canada won't take reciprocal measures.

Persons: —, Biden, Justin Trudeau's, Narendra Modi, Joe Biden, Sergei Skripal, Trudeau, “ I’m, we're, ”, Danny Russel, Barack Obama’s, Modi, Melanie Joly Organizations: WASHINGTON, Publicly, Canadian, U.S, NATO, Asia Society Policy Locations: Canada, India, U.S, Vancouver, Russia, Iran, Saudi Arabia, North Korea, Pacific, United States, Ukraine, China, Australia, Japan, Salisbury, England, Britain, Seattle, St . Petersburg, Indian, British, New York, New Zealand, New Delhi, Washington

RAW Chief Ravi Sinha, the only serving official publicly affiliated with the agency, did not return messages seeking comment. All six officials denied that RAW engages in targeted killings, noting that the agency has no mandate for such operations. Fallout from the Vancouver incident has also raised concerns that RAW will come under greater global monitoring, Indian intelligence officials and analysts said. "The current developments have undoubtedly increased global curiosity about RAW," said Dheeraj Paramesha Chaya, an expert on Indian intelligence at Britain's Hull University. "Our footprint is growing in parts of the world which were not important earlier," a recently retired senior RAW official said, without providing specifics.

Persons: Blair Gable, Justin Trudeau's, Hardeep Singh, RAW's, Narendra Modi, Ravi Sinha, Sinha, Ajit Doval, Paramesha, Trudeau, David Headley, Headley, Adrian Levy, Levy, Modi, Krishn Kaushik, Sanjeev Miglani, Katerina Ang Organizations: High Commission of, REUTERS, Canadian, Reuters, RAW, National, Britain's Hull University, Ottawa, Washington Post, MUMBAI RAW, Indian Foreign Ministry, Indian, Islamabad, American Embassy, Intelligence Bureau, Hull, Canadian Broadcasting Corporation, India deniability, South, CIA, U.S . Council, Foreign Relations, PRS, Thomson Locations: High Commission of India, Ottawa , Ontario, Canada, DELHI, Pakistan, Sri Lanka, Nepal, Vancouver, India, Ottawa, Mumbai, West, Delhi, China, Washington, U.S, MUMBAI, Islamabad, North America, Chicago, United States, London, Britain, Australia, South Asia, Europe, Southeast Asia, New Delhi

☆ India Stops New Visas for Canadians, Asks Ottawa to Downsize Missions as Spat Worsens
▼ + stars: | 2023-09-21 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +5 min

A blanket suspension of new visas by India for a Western country is unheard of and marks the lowest point of India-Canada relations. But Indian foreign ministry spokesperson Arindam Bagchi said Ottawa had been asked to reduce numbers at its diplomatic missions in India to bring parity between the missions of the two countries. Bagchi said India suspended issuing new visas to Canadian citizens due to "security threats" to its staff in its consulates in Canada. "You are aware of the security threats being faced by our high commission and consulates in Canada. Industry estimates show the Comprehensive Economic Partnership Agreement (CEPA) between Canada and India could boost two-way trade by as much as $6.5 billion.

Persons: Krishn Kaushik, Rupam Jain, Rajesh NEW DELHI, Justin Trudeau's, Trudeau, Arindam Bagchi, Bagchi, Dominic LeBlanc, Hardeep Singh Nijjar, Narendra Modi's, Sakshi Dayal, Shivam Patel, YP Rajesh, Alex Richardson Organizations: Rajesh NEW, Industry, YP Locations: India, Ottawa, New Delhi, Canada, Delhi, British Columbia, United States, Britain, Australia, New Zealand, Washington, London, Canberra, Punjab

☆ India suspends visa services in Canada as diplomatic crisis escalates
▼ + stars: | 2023-09-21 | by ( Clement Tan | ) www.cnbc.com time to read: +1 min

India tourist visa is seen in a passport in Brampton, Ontario, Canada, on March 17, 2022. India suspended visa applications in Canada on Thursday, escalating the festering diplomatic crisis between the two countries. The recent feud was sparked by the Canadian government's announcement of "credible allegations" the Indian government orchestrated the extra-judicial slaying of a Sikh separatist in Canada. The move will curtail India travel for Canada-based applicants and follows a travel advisory urging Indian nationals to "exercise utmost caution" while traveling in Canada and a reciprocal expulsion of senior diplomats. India's Ministry of External Affairs and Canada's High Commission in India were not immediately available to respond to CNBC requests for comment.

Persons: Justin Trudeau's Organizations: Canadian, BLS International, India's, External Affairs, CNBC Locations: India, Brampton , Ontario, Canada, New Delhi, Ottawa

☆ India's Opposition Congress Dismisses Canada's Suspicions on Sikh Leader's Murder
▼ + stars: | 2023-09-20 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +4 min

By YP RajeshNEW DELHI (Reuters) - India's main opposition Congress party backed on Wednesday the government's rejection of Canada's suspicions that New Delhi's agents had links to the murder of a Sikh separatist leader, and urged a stand against threats to the country's sovereignty. Congress spokespersons backed what they called India's "fight against terrorism" and criticised Trudeau. Khalistan is the name of an independent Sikh state whose creation was the goal of a bloody Sikh insurgency in the 1980s and 1990s in India's northern state of Punjab during which tens of thousands were killed. "The Indian National Congress has always believed that our country's fight against terrorism has to be uncompromising, especially when terrorism threatens India's sovereignty, unity and integrity." Canada has the largest population of Sikhs outside the Indian state of Punjab, with about 770,000 people reporting Sikhism as their religion in the 2021 census.

Persons: YP Rajesh NEW DELHI, Justin Trudeau's, Hardeep Singh Nijjar, Trudeau, Abhishek Manu Singhvi, Jairam Ramesh, Indira Gandhi, Beant Singh, FRANK, YP Rajesh, Clarence Fernandez Organizations: YP Rajesh NEW, Twitter, Indian National Congress, Research, Economic Times, Press Trust of India, Indian Express, YP Locations: India, British Columbia, Delhi, India's, Punjab, New Delhi, Australia, Britain, Canada, United States, Ottawa, Indian

☆ India's opposition Congress dismisses Canada's suspicions on Sikh leader's murder
▼ + stars: | 2023-09-20 | by ( Yp Rajesh | ) www.reuters.com time to read: +4 min

Congress spokespersons backed what they called India's "fight against terrorism" and criticised Trudeau. Khalistan is the name of an independent Sikh state whose creation was the goal of a bloody Sikh insurgency in the 1980s and 1990s in India's northern state of Punjab during which tens of thousands were killed. "The Indian National Congress has always believed that our country's fight against terrorism has to be uncompromising, especially when terrorism threatens India's sovereignty, unity and integrity." New Delhi, which urged Ottawa to act against anti-Indian elements, has long been unhappy over Sikh separatist activity in Canada. Canada has the largest population of Sikhs outside the Indian state of Punjab, with about 770,000 people reporting Sikhism as their religion in the 2021 census.

Persons: Hardeep Singh Nijjar, Nanak, Chris Helgren, Justin Trudeau's, Trudeau, Abhishek Manu Singhvi, Jairam Ramesh, Indira Gandhi, Beant Singh, FRANK, YP Rajesh, Clarence Fernandez Organizations: REUTERS, Twitter, Indian National Congress, Research, Economic Times, Press Trust of India, Indian Express, YP, Thomson Locations: Surrey, British Columbia, Canada, DELHI, India, Delhi, India's, Punjab, New Delhi, Australia, Britain, United States, Ottawa, Indian

Two of the three core inflation measures also rose. The annual rate, the highest since the 4.4% reported in April, is double the Bank of Canada's 2% target. "Underlying inflation is still well above the level that would be consistent with achieving our target of 2% CPI inflation," she said. Money markets raised bets for a rate hike in October after the data, seeing a 42% chance of an increase after the price figures compared with 23% before. However, another inflation report and a bevy of other data are due out before the Canadian central bank next meets on Oct 25 to set the key overnight rate.

Persons: Derek Holt, Holt, Sharon Kozicki, Jimmy Jean, Justin Trudeau's, Andrew Grantham, David Ljunggren, Steve Scherer, Dale Smith, Fergal Smith, Divya Rajogopal, Paul Simao, Mark Porter Organizations: Reuters, Statistics, Bank of Canada's, Scotiabank, Bank of, Bank of Canada, Canadian, Desjardins Group, CIBC Capital Markets, Tiff, Thomson Locations: OTTAWA, Statistics Canada, Canadian

☆ Canada risks more than C$50 billion in clean tech as incentives in limbo
▼ + stars: | 2023-09-18 | by ( Steve Scherer | ) www.reuters.com time to read: +4 min

OTTAWA, Sept 18 (Reuters) - More than a year after Canada first announced incentives to jumpstart clean technology projects there is still no money flowing, and if they are not in place soon, more than C$50 billion ($37 billion) in investments could be at risk, industry groups said. The government "urgently needs to get as much of this out the door this fall as possible." Masterson says there are "well beyond C$25 billion of proposed investments" in more than a dozen projects in his industry that are waiting for the incentives. An additional C$17 billion in ITCs for clean hydrogen, electricity and manufacturing were announced six months ago and those are at an earlier stage. Adam Auer, president of Cement Association of Canada, said his members have "billions" in projects that are waiting on the ITCs.

Persons: Justin Trudeau's, Bob Masterson, Masterson, Trudeau, Dennis Darby, Darby, Adam Auer, Rachelle Schikorra, Steve Scherer, Timothy Gardner Organizations: Canada, Justin Trudeau's Liberal, Chemistry Industry Association of Canada, Canadian Manufacturers, CME, Cement Association of Canada, Dow Chemicals, Reuters, Thomson Locations: OTTAWA, United States, U.S, Exshaw , Alberta, Canada, Fort Saskatchewan , Alberta

☆ Canada's housing crisis will take years to solve, finance minister says
▼ + stars: | 2023-09-16 | by ( ) www.reuters.com time to read: +1 min

Sept 16 (Reuters) - An affordable housing crisis that is hurting the Canadian government's popularity will take years to resolve, even if construction hits an 80-year high, Finance Minister Chrystia Freeland said on Saturday. Her comments were among the first by a senior member of Prime Minister Justin Trudeau's Liberal administration to acknowledge the scale of the challenge. Polls show the Liberals trailing their Conservative rivals, who blame Ottawa for high inflation and soaring home prices. Housing is mainly the responsibility of the 10 provinces as well as major municipalities, with Ottawa's role limited to policy advice and financial incentives. Reporting by David Ljunggren; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Chrystia Freeland, Justin Trudeau's, Freeland, David Ljunggren, David Gregorio Our Organizations: Finance, Justin Trudeau's Liberal, Liberals, Conservative, Ottawa, Housing, Thomson Locations: Canada, Montreal

☆ Aircraft glitch delays Canada PM Trudeau's departure from India
▼ + stars: | 2023-09-10 | by ( ) www.reuters.com time to read: +1 min

Canada's Prime Minister Justin Trudeau speaks at the ASEAN-Indo Pacific Forum (AIPF) during the 43rd ASEAN Summit in Jakarta, Indonesia on September 6, 2023. ADEK BERRY/Pool via REUTERS/File Photo Acquire Licensing RightsTORONTO, Sept 10 (Reuters) - Canadian Prime Minister Justin Trudeau's departure from India was delayed after the aircraft he and the rest of the Canadian delegation were using experienced "technical issues," his office said on Sunday. Trudeau, who attended the G20 Summit in New Delhi, had been due to depart India on Sunday evening local time. "These issues are not fixable overnight, our delegation will be staying in India until alternate arrangements are made." Earlier on Sunday, Trudeau met with the Prime Minister of India, Narendra Modi.

Persons: Justin Trudeau, ADEK BERRY, Justin Trudeau's, Trudeau, CFC001, Narendra Modi, Fergal Smith, Will Dunham Organizations: Canada's, ASEAN, Pacific, ASEAN Summit, Rights, Canadian, Canadian Armed Forces, Thomson Locations: Jakarta, Indonesia, India, New Delhi, Canada

☆ Trudeau's main rival offers affordable government in first convention speech
▼ + stars: | 2023-09-09 | by ( Fergal Smith | ) www.reuters.com time to read: +3 min

Canada's Conservative Party of Canada leader Pierre Poilievre speaks during Question Period in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada April 19, 2023. "A common-sense Conservative government that frees hardworking people to earn powerful paycheques that buy affordable food, gas and homes in safe neighborhoods," Poilievre said at the convention in Quebec City. In Friday's address, Poilievre promised to balance the federal budget if the Conservatives won the next election. An Angus Reid poll on Thursday showed the Conservatives at 39% public support, with the Liberals on 27%. Additonal reporting by David Ljunggren and Steve Scherer in Ottawa; Editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.

Persons: Pierre Poilievre, Blair Gable, Justin Trudeau's, Poilievre, Trudeau, Angus Reid, Shachi Kurl, Kurl, it's, Stephen Guilbeault, David Ljunggren, Steve Scherer, Diane Craft Organizations: Canada's Conservative Party of Canada, REUTERS, Conservative Party, Conservative, New Democratic Party, Conservatives, Liberals, Liberal, Federal, Thomson Locations: Ottawa , Ontario, Canada, Quebec City, Ottawa

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