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Buying out the Turquoise Hill minority shareholders is Stausholm’s other initiative. Imagine minority shareholders vote down the offer, but Rio then has Turquoise Hill issue fresh equity. With minimal net debt, the miner had enough cash to buy more Turquoise Hill equity. Rio shareholders soon will see just how well Stausholm plays. Pentwater Capital Management and SailingStone Capital Partners, which own respective 15.2% and 2.2% stakes in Canada-based Turquoise Hill, have resisted the offers.

☆ TSX rises as investors cheer U.S. inflation data
▼ + stars: | 2022-11-15 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended up 72.97 points, or 0.4%, at 19,994.78. "It is a growing sense that the Fed could start to slow the pace of interest rate hikes." Canadian inflation data for October, due on Wednesday, could help guide expectations for further tightening from the central bank. Halfway into November, the TSX looked set for its second straight month of gains as investors welcomed signs of decade-high inflation cooling. Reporting by Fergal Smith; Additional reporting by Johann M Cherian in Bengaluru; Editing by Alistair BellOur Standards: The Thomson Reuters Trust Principles.

☆ JPMorgan says this railroad stock is a top pick, citing strength in grain shipments
▼ + stars: | 2022-11-10 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Canadian Pacific will gain momentum through the fourth quarter at a time when many companies are expecting the opposite, JPMorgan said. The rail company broke its all-time monthly tonnage record for grain shipments in October. He named Canadian Pacific a top pick and has an overweight rating. Grain shipments increased 9.8% in the third quarter compared to the same period a year ago. Canadian Pacific will benefit from a new investment in a hopper car fleet in the fourth quarter, he said.

TORONTO, Nov 9 (Reuters Breakingviews) - The U.S. cannabis industry would do well to heed the lessons of Canada’s growing pains. Even as the United States becomes more pot-friendly, however, there’s no guarantee that financial success will follow. Approved cannabis growers destroyed a record quantity of unsold buds last year, the Financial Post reported. Fewer available licenses in the United States also mean barriers to entry are higher. The Canadian government on Sept. 22 announced the launch of the legislative review of the Cannabis Act, which came into force on Oct. 17, 2018.

☆ Meme stock rally could be sign that investor appetite for risk is returning
▼ + stars: | 2022-10-31 | by ( David Randall | ) www.reuters.com time to read: +3 min

The stock's Monday volume, which stood at over 10 million shares after the close, far exceeded the 506,000 shares investors have shorted, he said. "There is no way today’s price move is due to a short squeeze, it is virtually all long buying pressure," Dusaniwsky said. Many meme stocks have been pounded this year as the Federal Reserve tightens monetary policy, sapping investors’ appetite for risk. Shares of GameStop Corp (GME.N), which put meme stocks into the spotlight with its epic rally in 2021, are down 24% for the year to date while AMC Entertainment Holdings Inc (AMC.N) has fallen 60%. "If that’s the case that would further tamp down Treasury yields and create a tailwind for equities."

☆ The US and Canada are updating a Cold War-era system to keep an eye on Russian and Chinese missiles. Experts say they need to add a lot more territory too.
▼ + stars: | 2022-10-26 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

The US and Canada are modernizing NORAD to watch for Russian, Chinese, and North Korean missiles. At the same time, some experts argue that the command should expand beyond North America to include Denmark and its North American territory, Greenland. North American Aerospace Defense Command, as it's now known, is also responsible for detecting and tracking North Korean missile launches. But the North Pole is still a dagger pointed at North America. The defense of North America is still on NORAD's radar.

☆ How 32-year-old Katherine Homuth built the Y Combinator-backed startup behind the 'indestructible' Sheertex tights that are taking the hosiery industry by storm
▼ + stars: | 2022-10-26 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +4 min

Homuth had to find a brand new fiber and build her own supply chain to create Sheertex tights. At least that's what SRTX founder and CEO Katherine Homuth, whose core product line is Sheertex tights, thought back in 2017. Before founding SRTX, Homuth had gained tons of supply chain experience starting another company in 2011 called ShopLocket, which focused on ecommerce sales support. It took another year-and-a-half, but by the end of 2019, Sheertex tights were finally as comfortable as Homuth had originally intended. These days, Homuth is focused on expanding SRTX's product line, so that the company is known for more than just making Sheertex tights.

☆ Fact Check-Fabricated Global News headline that says omitting pronouns from email signatures is bigoted
▼ + stars: | 2022-09-27 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

An image purporting to show a headline published by Canadian outlet Global News reporting that excluding pronounces in email signoffs is a sign of bigotry is digitally altered. The Global News banner is viewable across the top of the screenshot with the supposed article seemingly published on Sept. 15, 2022. Other examples of the image shared by users online can be found (here), (here), (here), (here), (here) and (here). A search through the Global News website did not reveal the headline, nor did archived versions of the outlet’s homepage reveal the supposed article (archive.ph/wip/RXg7e), (here), (here). Canadian outlet Global News did not publish a headline reporting that omitting pronouns from email signatures is bigoted.

☆ Sunwing union opposes Canadian carrier's plans to hire foreign pilots
▼ + stars: | 2022-09-25 | by ( Allison Lampert | ) www.reuters.com time to read: +3 min

Airline industry use of foreign pilots as aviation rebounds from the COVID-19 pandemic is sensitive for unions in Canada and the United States. Those unions want greater efforts to hire pilots from the airlines' home countries despite complaints of shortages. The use of pilots as temporary foreign workers is rare compared with other sectors. In the first half of 2022, Canadian employers were granted permission to fill 32 pilot positions with temporary foreign workers, according to government data. A spokeswoman for O'Regan said it was up to an employer to meet requirements to bring in temporary foreign workers.

☆ Factbox: Tokyo tightens security for slain Shinzo Abe's funeral
▼ + stars: | 2022-09-25 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Issei KatoTOKYO, Sept 25 (Reuters) - Japan's state funeral for former Prime Minister Shinzo Abe on Tuesday is under the spotlight as authorities seek to avoid the kind of security blunders exposed in his assassination in July. Japanese authorities – including Prime Minister Fumio Kishida - have acknowledged security flaws contributed to Abe's death. Canadian Prime Minister Justin Trudeau cancelled his planned attendance to focus on responding to a powerful storm. - The government plans to spend 1.65 billion yen ($11.5 million) on the funeral, including 800 million yen on security and 600 million yen to host foreign delegations. The high cost has partly fuelled a public backlash against the taxpayer-funded funeral at a time of economic hardship for many.

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