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Security cameras point towards pedestrians outside the Royal Bank of Canada (RBC) headquarters in Toronto, Ontario, Canada March 16, 2017. RBC, Canada's top lender, said in September that it had infused fresh capital into City National, without elaborating, as it struggled amid the U.S. regional banking crisis. Rizvanovic estimates roughly $7 billion of low-yielding debt securities were transferred from City National to RBC, and he said the return on invested capital should "improve meaningfully" following the move. Since RBC acquired it for $5.4 billion in cash and stock, City National has most recently received amounts between $450 million, $700 million and $600 million annually. The bank has previously said realized losses at City National will be eliminated at the RBC consolidated level.

Persons: Chris Helgren, Mike Rizvanovic, Kelly Coffey, Dave McKay, Nivedita Balu, Matthew Lewis Organizations: Royal Bank of Canada, REUTERS, Rights, National Bank, Los, City National, RBC, Reuters, Valley Bank, City, Thomson Locations: Toronto , Ontario, Canada, Los Angeles, United States, U.S, Santa Clara , California, Toronto

With the economy stumbling along slower than the Bank of Canada forecast just last week, analysts said there is no need to raise rates again from 5.0%, a 22-year high. July GDP was revised to being marginally negative from an initial report of zero growth, Statistics Canada said. This data reaffirms our view that the Bank of Canada is done raising rates for this cycle," Figueiredo said. The central bank has said its previous rate hikes are sinking in. The projected contraction in third-quarter annualized growth is far lower than the Bank of Canada (BoC) forecast last week.

Persons: Chris Helgren, Tiago Figueiredo, Figueiredo, Macklem, Benjamin Reitzes, Reitzes, Ismail Shakil, Steve Scherer, Dale Smith, Jonathan Oatis Organizations: Roberts Bank, REUTERS, Rights OTTAWA, Bank of Canada, Canadian, Reuters, Statistics, BoC, BMO Capital Markets, Thomson Locations: Delta, British Columbia, Canada, Canadian, Statistics Canada, Ottawa

The logo of British multinational oil and gas company BP is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. London-based BP has held talks in recent weeks with several companies about tying up operations in the Haynesville shale gas basin, the three sources said. BP is also considering creating joint ventures in the Eagle Ford basin, but the talks do not include its positions in the oil-rich Permian basin for now, two of the sources added. The rapid growth in U.S. shale oil and gas operations over the past 15 years has upended global markets, turning the U.S. into a major exporter of energy. By pursuing joint ventures, BP can achieve growth ambitions while avoiding spending billions on acquisitions.

Persons: Chris Helgren, Hess, Murray Auchincloss, Bernard Looney, Ron Bousso, David French, David Gregorio Our Organizations: BP, REUTERS, Reuters, Exxon Mobil, Chevron, Natural Resources, Eagle Ford, Lewis Energy, BHP, Interim, Thomson Locations: Vancouver , British Columbia, Canada, London, Eagle, U.S, Texas, Denver, New York

☆ Siemens Energy shares recover further as guarantee talks continue
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +3 min

The logo of energy technology company Siemens Energy is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsFRANKFURT/BERLIN, Oct 30 (Reuters) - Shares in Siemens Energy continued their recovery on Monday, topping Germany's blue-chip index as concerns over the group's ability to post guarantees for big industrial projects eased. Siemens (SIEGn.DE), which owns a 25.1% stake in Siemens Energy, was up 1.6%. News of the talks pushed Siemens Energy's shares to a record low last week on concerns the issue around guarantees could have an impact on the group's balance sheet. Around half of that, or about 15 billion euros, needs to be covered by the government, banks and Siemens, the sources said.

Persons: Chris Helgren, Joe Kaeser, Kaeser, Christoph Steitz, Markus Wacket, Rachel More, Mark Potter Organizations: Siemens Energy, REUTERS, Siemens, German Economy Ministry, Reuters, Welt, Thomson Locations: Vancouver , British Columbia, Canada, FRANKFURT, BERLIN, downpayments

☆ Explainer: Why is Siemens Energy seeking $16 billion state guarantees?
▼ + stars: | 2023-10-29 | by ( ) www.reuters.com time to read: +5 min

The logo of energy technology company Siemens Energy is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. To make sure it can get the guarantees to fulfil its order backlog, Siemens Energy has turned to the government. Siemens owns a 25.1% stake in Siemens Energy and has not ruled out helping. Siemens still provides around 7 billion euros of performance guarantees to projects Siemens Energy is working on, significantly down from the 40 billion euros at the time of the spin-off around three years ago. Apart from seeking guarantees from the government, banks and Siemens, Siemens Energy said it is "evaluating various measures to strengthen the balance sheet", without elaborating further.

Persons: Chris Helgren, Banks, Roland Busch, hade, Andreas Rinke, Christoph Steitz, Victoria Farr, Andres Gonzalez, Pablo Mayo, Alexander Huebner, Tom Kaeckenhoff, Josephine Mason, Susan Fenton Organizations: Siemens Energy, REUTERS, Siemens, International Chamber of Commerce, German Economy Ministry, SIEMENS, Triton, Pablo Mayo Cerqueiro, Thomson Locations: Vancouver , British Columbia, Canada, downpayments, Berlin, Frankfurt, London, Munich

☆ Siemens Energy shares slide 39% after company seeks guarantees from German govt
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +4 min

The logo of energy technology company Siemens Energy is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. The weekly said Siemens Energy is seeking up to 15 billion euros in guarantees. Siemens remains an anchor investor in Siemens Energy, retaining a 25.1% stake. The government was ready to help Siemens Energy while stakeholders also will have to play their role, they said. J.P. Morgan said in a note that the energy transition will require substantially higher rates of investments, which will bring commercial opportunities for Siemens Energy and sector peers.

Persons: Chris Helgren, Siemens Gamesa, WirtschaftsWoche, Morgan, Matthias Inverardi, Christian Kraemer, Alexander Huebner, Vera Eckert, Friederike Heine, Miranda Murray, Sabine Wollrab, Rachel More, Jan Harvey, Susan Fenton Organizations: Siemens Energy, REUTERS, Companies Company, Siemens, Siemens AG, Reuters Graphics Reuters, Spiegel, European Commission, Siemens Gamesa, Thomson Locations: Vancouver , British Columbia, Canada, BERLIN, Berlin

☆ Exclusive: ConocoPhillips weighs CrownRock bid to challenge rivals
▼ + stars: | 2023-10-26 | by ( David French | ) www.reuters.com time to read: +2 min

CrownRock's investment bankers have asked interested parties to submit initial offers next week, two of the sources added. Diamondback Energy (FANG.O), Devon Energy (DVN.N), Marathon Oil (MRO.N) and Continental Resources are also studying potential bids for CrownRock, the sources said. The company is led by Texas billionaire businessman Timothy Dunn and backed by private equity firm Lime Rock Partners. Bloomberg News reported last week that Devon was considering a bid for CrownRock, and that Devon has also held preliminary talks about a tie-up with Marathon. Reporting by David French in New York; Editing by Greg Roumeliotis and Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.

Persons: Chris Helgren, CrownRock, Timothy Dunn, Conoco, Devon, David French, Greg Roumeliotis Organizations: ConocoPhillips, REUTERS, Houston, Exxon Mobil Corp, Chevron Corp, Diamondback Energy, Devon Energy, Continental Resources, CrownRock, Marathon Oil, Continental, Diamondback, Exxon, Natural Resources, Chevron, Hess Corp, Lime Rock Partners, EOG Resources, Devon, Bloomberg News, Marathon, Reuters, Thomson Locations: Vancouver , British Columbia, Canada, Texas, Conoco, Devon, Midland, Marathon, New York

☆ Baker Hughes beats profit estimates on robust international demand
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

A model of an equipment is displayed by energy services firm Baker Hughes during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File photo Acquire Licensing RightsOct 25 (Reuters) - U.S. oilfield technology firm Baker Hughes (BKR.O) joined rivals SLB (SLB.N) and Halliburton (HAL.N) in posting upbeat quarterly profit on Wednesday, driven by strong demand for its services and equipment in international markets. The move has benefited companies such as Baker Hughes, which provides services including drilling, well construction and completion. U.S. oil and natural gas prices have scaled back from the year-ago quarter's peak and dented some demand in North America. Baker Hughes also received contracts from several liquefied natural gas projects, as energy firms rush to build new LNG-producing facilities.

Persons: Baker Hughes, Chris Helgren, Lorenzo Simonelli, Sourasis Bose, Shailesh Kuber Organizations: REUTERS, SLB, Halliburton, Energy, Revenue, & Energy Technology, Thomson Locations: Vancouver , British Columbia, Canada, North America, U.S, Bengaluru

☆ Indigenous group seeks to block Santos gas pipeline off Australia
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Chris Helgren/File Photo Acquire Licensing RightsSYDNEY, Oct 24 (Reuters) - The Australian government said on Tuesday it was reviewing an emergency application filed by an indigenous group seeking to block pipeline construction for Santos Ltd's (STO.AX) $3.6 billion Barossa gas project off northern Australia. Santos, which aims to start producing gas from Barossa in the first half of 2025, did not immediately respond to a request seeking comment. In a quarterly update issued last week, Santos said an independent expert concluded that there were no specific underwater cultural heritage places along the planned Barossa pipeline route. But the Tiwi people said the pipeline will cause significant damage to ancient burial grounds, aboriginal art and other sacred ancestral sites. Santos was informed about the concerns of the indigenous elders but the company had plans to begin the pipeline construction soon, the group said.

Persons: Santos, Chris Helgren, Santos Ltd's, Tanya Plibersek, Molly Munkara, Renju Jose, Raju Gopalakrishnan Organizations: REUTERS, Rights, Thomson Locations: Vancouver , British Columbia, Canada, Australia, Barossa, Sydney

REUTERS/Chris Helgren/File Photo Acquire Licensing RightsWASHINGTON, Oct 20 (Reuters) - The U.S. State Department on Friday urged India not to insist on Canada reducing its diplomatic presence in the country after Ottawa pulled out 41 diplomats this week amid a dispute over the murder of a Sikh separatist leader. "We are concerned by the departure of Canadian diplomats from India, in response to the Indian government's demand of Canada to significantly reduce its diplomatic presence in India," State Department spokesperson Matthew Miller said. Canada has alleged Indian involvement in the June murder of Canadian citizen and Sikh separatist leader Hardeep Singh Nijjar, whom India called a "terrorist." But Friday's statement from the U.S. State Department has been the most direct criticism by Washington of New Delhi thus far in this case. Canada withdrew 41 diplomats from India after New Delhi last month asked Ottawa to reduce its diplomatic presence following Canada's allegations over Nijjar's killing.

Persons: Nanak, Hardeep Singh Nijjar, Chris Helgren, Matthew Miller, Washington, Kanishka Singh, Costas Pitas, Josie Kao Organizations: REUTERS, Rights, U.S . State Department, Ottawa, Department, Analysts, Diplomatic Relations, State Department, Thomson Locations: Surrey, British Columbia, Canada, India, U.S, China, Washington of New Delhi, Vienna, New Delhi, Ottawa

☆ TSX extends weekly decline as high borrowing costs rattle investors
▼ + stars: | 2023-10-20 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended down 233.17 points, or 1.2%, at 19,115.64, its lowest closing level since Oct. 4. "Although they're pulling back today, yields are in breakout mode and have yet to run into any resistance. Investors worry that high borrowing costs could derail economic growth. "The declines today are (particularly) evident in two sectors, financials and energy, both economically sensitive," Michael said.

Persons: Chris Helgren, Brandon Michael, Michael, Financials, Fergal Smith, Khushi Singh, Jonathan Oatis Organizations: Toronto Stock Exchange, REUTERS, Toronto Stock, ABC Funds, Thomson Locations: Toronto , Ontario, Canada, Toronto, Bengaluru

It was unclear what stake JFE was seeking or what price it was offering. Japan's Nippon Steel (5401.T) has previously said it was looking to buy a 10% stake in Teck's coal business for C$1.15 billion, valuing the overall business at about C$11.5 billion, with an option of increasing its stake to 17.5%. Glencore has said it will consider buying the coal business for about $8.5 billion. JFE Steel holds 15% equity in India's JSW Steel (JSTL.NS), which was also exploring an investment in Teck's coal business. Price said the company had two options -- a 100% sale of the coal business for cash or a partial sale of the coal business, with proceeds going to growing the copper business.

Persons: Chris Helgren, Glencore, Major steelmakers, Teck, JFE, Jonathan Price, Price, Divya Rajagopal, Neha Arora, Denny Thomas, Nick Zieminski, Rod Nickel Organizations: Teck Resources, Developers Association of Canada, REUTERS, Rights, JFE Steel Corp, Canada's Teck Resources, Reuters, Japan's Nippon Steel, JFE Steel, JSW, Thomson Locations: Teck, Toronto , Ontario, Canada, Canada's Teck, Russia, JFE, Tokyo, Australia, Swiss, Toronto, India

☆ QatarEnergy, Shell agree 27-year LNG supply
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +2 min

Two LNG sale and purchase agreements were signed between affiliates of QatarEnergy and Shell (SHEL.L), QatarEnergy said on Wednesday, in a deal that mirrors one reached with TotalEnergies last week. Qatari LNG from the massive North Field LNG production expansion project will be delivered to Gate LNG terminal at the Port of Rotterdam beginning in 2026. Shell holds a 6.25% stake in the North Field East project and a 9.375% share in the North Field South project. The deal follows an identical one between QatarEnergy and TotalEnergies last week, until then Qatar's biggest and longest gas supply deal with Europe. QatarEnergy has signed deals to supply LNG from the expansion to Asian buyers over the past year in China and elsewhere.

Persons: Chris Helgren, QatarEnergy, Shell, TotalEnergies, China's Sinopec, Saad al, Kaabi, Yousef Saba, Lincoln Organizations: Shell, REUTERS, Rights, TotalEnergies, LNG, Field, Port, China National Petroleum Corporation, Thomson Locations: Vancouver , British Columbia, Canada, Rights DUBAI, Qatar, Europe, Netherlands, Rotterdam, QatarEnergy, Asia, China, Ukraine

☆ Globalisation woes create new winners and losers
▼ + stars: | 2023-10-17 | by ( Francesco Guerrera | ) www.reuters.com time to read: +8 min

Over the past seven decades, the world economy has grown 14-fold, powered by a 45-fold expansion in global trade, according to the World Trade Organization. World trade as a percentage of GDP peaked at 61% in 2008. The first is rising geopolitical tensions between the United States and China. The retrenchment is probably going to be gradual: global trade was still worth 57% of world GDP last year. For 2024, the WTO said growth in goods trade would pick up to 3.3%, virtually unchanged from its April estimate of 3.2%.

Persons: Chris Helgren, Joe Biden, Xi Jinping “, ”, Caroline Freund, Aaditya Mattoo, Alen Mulabdic, Michele Ruta, Ursula von der Leyen, it’s, Laura Alfaro, Davin Chor, Dario Perkins, GlobalData’s Perkins, Peter Thal Larsen, Streisand Neto, Thomas Shum Organizations: Warehouse Union, REUTERS, Reuters, World Trade Organization, Economic, Reuters Graphics Reuters, HK, Amperex Technology, European Central Bank, GlobalData, Lombard, Companies, Bureau of Labor Statistics, ECB, Thomson Locations: Vancouver , British Columbia, Canada, Netherlands, United States, China, Beijing, Washington, U.S, Taiwan, Mexico, Vietnam, People’s Republic, Latin America, Chile, Brazil, Ukraine, Geneva

☆ Breakingviews: Globalization woes create new winners and losers
▼ + stars: | 2023-10-17 | by ( Francesco Guerrera | ) www.reuters.com time to read: +8 min

☆ Rio Tinto cuts Canada iron ore production estimate on extended plant outage
▼ + stars: | 2023-10-16 | by ( Rishav Chatterjee | ) www.reuters.com time to read: +2 min

REUTERS/Chris Helgren/File PhotoThe world’s biggest iron ore producer expects an iron ore output of 9.3 million to 9.8 million tons (mt) from its Iron Ore Company of Canada (IOC) business, down from 10.0 to 11.0 mt previously projected. Rio reported a 1.2% rise in its third-quarter iron ore shipments, as it ramped up production at the Gudai-Darri mine. It shipped 83.9 mt of iron ore from Pilbara in the September quarter, compared with 82.9 mt a year earlier. The miner, which generates 70% of its profit from its iron ore operations, saw prices of the commodity improve as top consumer China stepped up its stimulus efforts. Rio realised a 5% increase in mined copper output to 169,000 tons, reflecting a ramp-up of high-grade underground Oyu Tolgoi mine and higher feed grades at Escondida.

Persons: Chris Helgren, Rio, ”, Kyle Rodda Organizations: Reuters, Rio Tinto, Developers Association of Canada, REUTERS, Iron Ore Company, Canada, IOC, “, Capital.com Locations: Rio, Toronto , Ontario, Canada, Northern Quebec, Pilbara, China, Escondida

☆ Analysis: Canada's Trudeau, far behind in polls, remains the Liberals' best chance
▼ + stars: | 2023-10-11 | by ( Steve Scherer | ) www.reuters.com time to read: +4 min

[1/3] Canada's Prime Minister Justin Trudeau speaks at the close of the Seventh Assembly of the Global Environment Facility (GEF) in Vancouver, British Columbia, Canada August 25, 2023. Right now, most opinion polls show Trudeau significantly trailing his newest rival, Conservative leader Pierre Poilievre. But none are perceived to be as scrappy and determined at retail politics as Trudeau is, Liberal insiders and pollsters say. No Canadian prime minister since Wilfrid Laurier in 1908 has won four consecutive elections. In 2015, Ekos had the Liberals down 22 percentage points in the spring and Trudeau won a majority in the fall.

Persons: Justin Trudeau, Chris Helgren, Liberal Party's, Trudeau, Pierre Poilievre, Chrystia Freeland, Mark Carney, Wilfrid Laurier, Frank Graves, I'm, HOUDINI, Poilievre, Angus Reid, Shachi Kurl, Darrell Bricker, It's, Ekos, We've, we've, Kurl, Houdini, Steve Scherer, David Ljunggren, Denny Thomas, David Gregorio Our Organizations: Seventh Assembly of, Global Environment, REUTERS, Rights OTTAWA, Canadian, Liberal, Conservative, Conservatives, Liberal Party, Ekos Research, Angus Reid Institute, Liberals, Ipsos Public Affairs, Thomson Locations: Vancouver , British Columbia, Canada, Trudeau's, British Columbia, New Delhi

☆ Toronto home prices rebound in September, sales hit 8-month low
▼ + stars: | 2023-10-04 | by ( Fergal Smith | ) www.reuters.com time to read: +1 min

REUTERS/Chris Helgren/File photo Acquire Licensing RightsTORONTO, Oct 4 (Reuters) - Greater Toronto Area (GTA) home prices rose in September for the first time in four months, as the Bank of Canada paused its interest rate hiking campaign, but the level of sales fell to the lowest since January. On a year-over-year basis, home prices were up 3%. "GTA home selling prices remain above the trough experienced early in the first quarter of 2023," Jason Mercer, TRREB chief market analyst, said in a statement. "However, we did experience a more balanced market in the summer and early fall, with listings increasing noticeably relative to sales. New listings jumped 44.1% year-over-year, while home sales were down 7.1%.

Persons: Chris Helgren, Jason Mercer, Fergal Smith, Deepa Babington Organizations: REUTERS, Rights, Toronto Area, Bank of Canada, Toronto Regional Real Estate Board, Thomson Locations: Toronto , Ontario, Canada, Canadian

☆ Amazon Web Services to open development centre in Kenya
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +1 min

A logo for Amazon Web Services (AWS) is displayed at the Collision conference in Toronto, Ontario, Canada June 23, 2022. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsNAIROBI, Oct 4 (Reuters) - Amazon Web Services (AWS), the company's cloud-computing division, said on Wednesday it would open a development centre in Kenya's capital Nairobi, creating jobs in software development, cloud support, and software engineering. Sometimes dubbed the "Silicon Savannah", Kenya is one of Africa's biggest technology hubs, hosting offices of some of the world's tech giants alongside thriving startups. "This centre will enable the local market to tap into an incredible pool of technical talent," said Uwem Ukpong, vice president of global services at AWS. "The Kenyan technology sector continues to be a source of growth and job creation at a time when there is so much uncertainty in the world," said Kenya's President William Ruto.

Persons: Chris Helgren, Uwem Ukpong, William Ruto, Hereward Holland, Aurora Ellis Organizations: Amazon Web Services, REUTERS, Rights, Web Services, Netflix, General Electric, Sony, Thomson Locations: Toronto , Ontario, Canada, Rights NAIROBI, Kenya's, Nairobi, Kenya, Kenyan

☆ India-Canada ties fray in dispute over Sikh separatist killing
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +3 min

Hardeep Singh Nijjar was shot dead by unidentified gunmen outside a Sikh temple on June 18 in a Vancouver suburb. * Indian Prime Minister Narendra Modi conveyed strong concerns about Sikh separatist protests in Canada to Prime Minister Justin Trudeau on the sidelines of a G20 summit in New Delhi on Sept. 10. * Canada postponed a trade mission to India planned for October led by Trade Minister Mary Ng, a spokesperson for the minister said on Sept. 15. * India suspended issuing new visas for Canadians on Sept. 22 and asked Ottawa to reduce its diplomatic presence in India. * India's steel secretary told reporters on Sept. 28 that Indian exports to Canada were marginal and have not been affected by the diplomatic row.

Persons: Nanak, Hardeep Singh Nijjar, Chris Helgren, Justin Trudeau, Narendra Modi, Mary Ng, Trudeau, Nijjar, Shivam Patel, YP Rajesh, Simon Cameron, Moore Organizations: REUTERS, Financial Times, Canadian, Trade, Reuters, JSW Steel, Teck Resources, YP, Thomson Locations: Surrey, British Columbia, Canada, DELHI, India, Vancouver suburb, New Delhi, Canadian, U.S, Australia, Britain, Teck, Ottawa

☆ TSX tumbles to near seven-month low as commodity-linked stocks fall
▼ + stars: | 2023-10-02 | by ( Siddarth S | ) www.reuters.com time to read: +2 min

The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. Rate-sensitive utilities (.GSPTTUT) fell nearly 3%, leading declines amid a dramatic run-up in 10-year U.S. Treasury yields that hit 16-year highs. "U.S. Treasury yields continue to march higher and that's just crushing the dividend-paying stocks like utilities in Canada," said Douglas Porter, chief economist of BMO Capital Markets. The S&P Global Canada Manufacturing Purchasing Managers' Index (PMI) fell to a seasonally adjusted 47.5 last month, from 48.0 in August. Reporting by Siddarth S in Bengaluru; Editing by Shailesh Kuber and Shweta AgarwalOur Standards: The Thomson Reuters Trust Principles.

Persons: Chris Helgren, Douglas Porter, Eric Provost, Siddarth, Shailesh Kuber, Shweta Agarwal Organizations: Toronto Stock Exchange, REUTERS, TSX, Treasury, Toronto Stock, Materials, Brent, U.S . West Texas, BMO Capital Markets, Data, P Global Canada Manufacturing, Laurentian Bank, Thomson Locations: Toronto , Ontario, Canada, U.S, Bengaluru

☆ Canada's Sikhs are grateful - and afraid - after Trudeau's India allegations
▼ + stars: | 2023-09-30 | by ( Steve Scherer | ) www.reuters.com time to read: +5 min

India forcefully denied its involvement in Nijjar's murder, which took place in the parking lot of a Sikh temple in Surrey, BC. But Canadian Sikhs are unconvinced, and the minority who are active proponents of Khalistan are afraid. Trudeau's move risks derailing a strategic economic and political shift many Western countries are making towards India to counter China. Mukhbir Singh, a member of the Ottawa Sikh Society, said he backs the idea of Khalistan, but that Canadian Sikhs' views on the issue are not monolithic. "Prime Minister Trudeau has taken a stance" to make "paramount" the safety of its citizens, he said, even though the Canadian government does not support Khalistan.

Persons: Nanak, Hardeep Singh Nijjar, Chris Helgren, Justin Trudeau, Sentokh Singh, Trudeau's, Jagmeet Singh, Fen Hampson, Nijjar's, Gurmeet Singh, Mukhbir Singh, Trudeau, Suk Dhaliwal, Dhaliwal, Steve Scherer, Wa, Denny Thomas, Daniel Wallis Organizations: REUTERS, OTTAWA, Khalistan, Indian High Commission, New Democrats, Carleton University, RCMP, Ottawa Sikh Society, Liberal, Surrey, Reuters, Wa Lone, Thomson Locations: Surrey, British Columbia, Canada, Punjab India, India, New Delhi, Canadian, Ottawa, China, Punjab, Golden, Amritsar, Toronto

☆ Sikh group protests outside Golden Temple over killing in Canada
▼ + stars: | 2023-09-29 | by ( Manoj Kumar | ) www.reuters.com time to read: +3 min

[1/3] A sign outside the Guru Nanak Sikh Gurdwara temple is seen after the killing on its grounds in June 2023 of Sikh leader Hardeep Singh Nijjar, in Surrey, British Columbia, Canada September 18, 2023. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsNEW DELHI, Sept 29 (Reuters) - Hundreds of Sikh activists on Friday staged a demonstration outside the Golden Temple in Amritsar, in the northern Indian state of Punjab, demanding punishment for the killers of a Sikh separatist in Canada. Earlier this month, Canadian Prime Minister Justin Trudeau told parliament that there may be a link between New Delhi and the murder of Hardeep Singh Nijjar in June in British Columbia. Holding posters of Nijjar, the protesters outside the holiest of Sikh shrines shouted slogans asking New Delhi to stop extrajudicial operations against separatists seeking Punjab as an independent state. Nijjar, who worked as a plumber, left the north Indian state of Punjab a quarter-century ago and became a Canadian citizen.

Persons: Nanak, Hardeep Singh Nijjar, Chris Helgren, Justin Trudeau, Paramjit Singh Mand, Dal, Kanwar Pal, Sunil Kataria, Mayank Bhardwaj, Alison Williams Organizations: REUTERS, Canadian, Dal Khalsa, Thomson Locations: Surrey, British Columbia, Canada, DELHI, Golden, Amritsar, Punjab, New Delhi, India, Canadian, Sikh

☆ SEC fines Citigroup, former unit over customer disclosures
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +1 min

The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. Picture taken October 19, 2017. Neither Citigroup nor the former Citi International Financial Services, a Puerto Rican-based business that the bank sold last year and now known as Insigneo International Financial Services, admitted wrongdoing in agreeing to settle. The accord resolves claims Citigroup did not comply with Regulation Best Interest when it programmed about 360,000 accounts to receive disclosures electronically without receiving appropriate consent from customers. Reporting by Jonathan Stempel in New York Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

Persons: Chris Helgren, Jonathan Stempel, Chris Reese Organizations: Citigroup Inc, Citi, REUTERS, Citigroup, U.S . Securities, Exchange Commission, Citi International Financial Services, Financial Services, Thomson Locations: Toronto , Ontario, Canada, Puerto Rican, New York

☆ Air Canada to operate as usual during informational picket by pilots union
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +2 min

Two Air Canada Boeing 737 MAX 8 aircrafts are seen on the ground as Air Canada Embraer aircraft flies in the background at Toronto Pearson International Airport in Toronto, Ontario, Canada, March 13, 2019. REUTERS/Chris Helgren Acquire Licensing RightsSept 27 (Reuters) - Air Canada (AC.TO) said on Wednesday it will operate the airline as usual when its pilots conduct an informational picket at the company's main hub, the Pearson International Airport, on Friday. "As we watch Air Canada cut routes due to an industry-wide shortage of pilots, we encourage them to close the growing wage gap between Canada and the United States," said Charlene Hudy, chair of the Air Canada Master Executive Council, in a statement on Tuesday. Air Canada's estimated 4,500 pilots have received a 2% wage increase per year since 2014. The pilots, represented by the Air Line Pilots Association (ALPA) union, began bargaining for new labor terms this summer, before the end of their decade-long contract.

Persons: Chris Helgren, Charlene Hudy, Ananta Agarwal, Devika Organizations: Air Canada Boeing, Air Canada Embraer, Toronto Pearson International Airport, REUTERS, Air Canada, Pearson International, Delta Air Lines, American Airlines, Air, Air Canada's, Air Line Pilots Association, Thomson Locations: Toronto , Ontario, Canada, Air Canada, United States, North America, Bengaluru

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