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OTTAWA, Sept 21 (Reuters) - Canada and Japan on Thursday agreed to work more closely together to establishing sustainable and reliable global battery supply chains, the Canadian government said in a statement. The two sides signed a memorandum of cooperation on the supply chains during a visit by Japanese Industry Minister Yasutoshi Nishimura, it said, but gave no details. Canada, home to a large mining sector for minerals such as lithium, nickel and cobalt, wants to woo firms involved in all levels of the electric vehicle (EV) supply chain via a multibillion-dollar green technology. "As worldwide demand shifts increasingly towards cleaner forms of energy, Canada's critical minerals resources and battery supply chains will play a vital role in how we get there," said Natural Resources Minister Jonathan Wilkinson. Reporting by David Ljunggren; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.
Persons: Yasutoshi Nishimura, Jonathan Wilkinson, David Ljunggren, Chizu Organizations: Japanese Industry, Natural, EV, Thomson Locations: OTTAWA, Canada, Japan, Quebec
A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017. The Bank of Canada (BoC) kept its key rate at 5% on Sept 6, noting the economy had entered a period of weaker growth, but said it could hike again should price pressures persist. The hawkish tone struck by the BoC since the latest rate decision was intentional, according to the minutes, or summary of deliberations, of the six Governing Council members. They "considered the possibility that their decision could be misinterpreted as a sign that policy tightening had ended and that lower interest rates would follow," the summary read. It continued: "They agreed that they did not want to raise expectations of a near-term reduction in interest rates, given that they only considered keeping the policy rate where it is or raising it further."
Persons: Chris Wattie, Steve Scherer, David Ljunggren OTTAWA, Sharon Kozicki, David Ljunggren Organizations: Bank of Canada, REUTERS, The Bank of Canada, BoC, Reuters, Thomson Locations: Ottawa , Ontario, Canada, Reuters Ottawa
REUTERS/Valentyn Ogirenko/File Photo Acquire Licensing RightsNEW YORK, Sept 20 (Reuters) - U.S. President Joe Biden plans to announce a $325 million military aid package for Ukraine on Thursday to coincide with a visit to Washington by President Volodymyr Zelenskiy, a U.S. official said on Wednesday on condition of anonymity. The weapons aid package was expected to include the second tranche of cluster munitions fired by a 155 millimeter Howitzer cannon, the U.S official said. Ukraine got an initial tranche of M864 155 millimeter artillery rounds in July 2023. Sending 155 millimeter artillery rounds with cluster munitions has eased the drain on standard "unitary" 155 millimeter shells, which the U.S. also plans to include in this shipment. Since the Russian invasion in February 2022 the U.S. has sent more than $40 billion worth of security assistance to Ukraine.
Persons: unpack, Valentyn, Joe Biden, Volodymyr Zelenskiy, Biden, Steve Holland, Doina Chiacu, David Ljunggren, Bill Berkrot Organizations: U.S, Boryspil, REUTERS, NATO, RTX Corp, Raytheon, High Mobility Artillery Rocket Systems, Lockheed, Presidential, Authority, Capitol, White, Thomson Locations: Ukraine, Kyiv, Washington, Russian
"India is important in Western calculations for balancing China, and Canada is not," said Stephanie Carvin, a professor of international relations at Ottawa's Carleton University. A free trade deal would be a "major political win" for both India and Britain, Bajpaee said. Reuters Graphics'WAITING GAME'White House national security adviser John Kirby said the United States was "deeply concerned" and encouraged Indian officials to cooperate in any investigation. Britain, the United States, Canada and others threw out more than 100 Russian diplomats to punish Moscow for an attack it has always denied carrying out. Canada has not made public the intelligence it has because there is an active murder investigation, the senior source said.
Persons: Narendra Modi, Justin Trudeau, Evan Vucci, Stephanie Carvin, Hardeep Singh Nijjar, James, Chietigj Bajpaee, Bajpaee, John Kirby, Trudeau, Kirby, Sergei Skripal, Yulia, Wesley Wark, Canada's, Richard Fadden, Steve Scherer, David Ljunggren, Andrew MacAskill, Jonathan Oatis Organizations: Indian, Canada, Bharat, Ottawa's Carleton University, Chatham House, Reuters Graphics, White House, Washington Post, week's, Centre for International Governance Innovation, Canadian Security Intelligence Service, CTV, Thomson Locations: New Delhi, India, Britain, China Canada, OTTAWA, Canada, United States, China, Ottawa, Australia, New Zealand, London, England, Moscow, Waterloo , Ontario
A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017. REUTERS/Chris Wattie/File Photo Acquire Licensing RightsBy Steve Scherer and David LjunggrenOTTAWA, Sept 19 (Reuters) - The Bank of Canada on Tuesday said recent volatility in headline inflation is not unusual but the underlying trend shown by core measures was inconsistent with bringing inflation down to the 2% target. "(They) are one reason why we look at measures of core inflation - which exclude components with more volatile price movements - to get a sense of what underlying inflation is." One of those core measures, CPI-trim - which leaves out spiking mortgage interest costs - has been between 3.5%-4% in recent months. "Underlying inflation is still well above the level that would be consistent with achieving our target of 2% CPI inflation," Kozicki said.
Persons: Chris Wattie, Steve Scherer, David Ljunggren OTTAWA, Sharon Kozicki, Kozicki, Macklem, David Ljunggren Organizations: Bank of Canada, REUTERS, University of Regina, Reuters, Thomson Locations: Ottawa , Ontario, Canada, Saskatchewan, Reuters Ottawa
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. Prime Minister Justin Trudeau announced on Monday that domestic intelligence agencies were actively pursuing credible allegations tying New Delhi's agents to the shooting of Hardeep Singh Nijjar, 45, in June. "We've been working with the U.S. very closely, including on the public disclosure yesterday," the source said. India quickly dismissed Trudeau's assertion as absurd, and said it was expelling a Canadian diplomat, a tit-for-tat move after Canada expelled India's top intelligence figure on Monday. New Delhi, which has urged Ottawa to act against anti-Indian elements, has long been unhappy over Sikh separatist activity in Canada.
Persons: Nanak, Hardeep Singh Nijjar, Chris Helgren, Justin Trudeau, We've, Trudeau, Roland Paris, We're, Pierre Poilievre, Jesse Singh, Singh, Nijjar, Steve Scherer, David Ljunggren, David Brunnstrom, Chizu Nomiyama, Jonathan Oatis Organizations: REUTERS, Rights, U.S, Tuesday, Canada, India's, University of Ottawa, State Department, Conservative, Washington’s Hudson Institute, Thomson Locations: Surrey, British Columbia, Canada, United States, Canadian, India, New Delhi, University of Ottawa . U.S, Indian Government, America, . New Delhi, Ottawa, India's, Punjab, Pakistan
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
OTTAWA, Sept 19 (Reuters) - Canada is not trying to provoke India by suggesting it was linked to the murder of a Sikh separatist leader, but wants New Delhi to address the issue properly, Prime Minister Justin Trudeau said on Tuesday. "The prime minister hasn't provided any facts. We need to have the evidence that allowed the prime minister to come to the conclusions yesterday," Conservative Party leader Pierre Poilievre told reporters. [1/5]Canada's Prime Minister Justin Trudeau speaks during Question Period in the House of Commons, on Parliament Hill in Ottawa, Ontario, Canada September 19, 2023. New Delhi, which urged Ottawa to act against anti-Indian elements, has long been unhappy over Sikh separatist activity in Canada.
Persons: Justin Trudeau, Trudeau, Hardeep Singh Nijjar, hasn't, Pierre Poilievre, Blair Gable, Balraj, Trudeau's, Mukhbir Singh, Stephen Brown, Singh, Nijjar, David Ljunggren, Steve Scherer, Susan Heavey, Jonathan Oatis, Marguerita Choy Organizations: Conservative, Ottawa, Conservative Party, Canada, U.S, Canada's, REUTERS, Canadian Broadcasting Corp, Indian, Sikh Organization of Canada, National Council of, State Department, Thomson Locations: OTTAWA, Canada, India, New Delhi, British Columbia, Canadian, Ottawa , Ontario, Ottawa, India's, Punjab, Pakistan, Australia, Britain
Indian Prime Minister Narendra Modi welcomes Canada Prime Minister Justin Trudeau upon his arrival at Bharat Mandapam convention center for the G20 Summit, in New Delhi, India, Saturday, Sept. 9, 2023. Evan Vucci/Pool via REUTERS/File photo Acquire Licensing RightsOTTAWA, Sept 18 (Reuters) - Canadian security agencies have been actively pursuing credible allegations of a potential link between Indian government agents and the murder of a Sikh leader in British Columbia in June, Prime Minister Justin Trudeau said on Monday. "Canada has declared its deep concerns to the top intelligence and security officials of the Indian government," Trudeau said in an emergency statement to the House of Commons. Trudeau said he had raised his concerns "personally and directly" to Indian Prime Minister Narendra Modi, at a Group of 20 summit last week in India, about the killing of Hardeep Singh Nijjar, who was shot dead outside a Sikh temple in Surrey, British Columbia, on June 18. Reporting by David Ljunggren; Editing by Mark Porter, William MacleanOur Standards: The Thomson Reuters Trust Principles.
Persons: Narendra Modi, Justin Trudeau, Evan Vucci, Trudeau, Hardeep Singh Nijjar, David Ljunggren, Mark Porter, William Maclean Organizations: Indian, Canada, Bharat, Rights, Thomson Locations: New Delhi, India, British Columbia, Canada, Surrey
[1/4] A person shops in the poultry section at a grocery store in Toronto, Ontario, Canada November 22, 2022. REUTERS/Carlos Osorio/File Photo Acquire Licensing RightsOTTAWA, Sept 18 (Reuters) - Canada's five major grocery chains have agreed to help the government in its bid to stabilize soaring prices, a senior minister said on Monday, following talks to address an issue that is hurting the ruling Liberals. Innovation Minister Francois-Philippe Champagne made the announcement after two hours of what he said were difficult discussions with the chains. "They have agreed to support the government of Canada in our efforts to stabilize prices in Canada," Champagne told reporters, without giving details. "We're all committed to finding solutions to stabilize prices ... it's an industry issue.
Persons: Carlos Osorio, Francois, Philippe Champagne, Champagne, Eric La Fleche, We're, It's, Justin Trudeau, Karina Gould, Trudeau, Steve Scherer, David Ljunggren, Bernadette Baum, Bill Berkrot Organizations: REUTERS, Rights, Innovation, Metro, Walmart, Costco, Conservatives, Liberal, Thomson Locations: Toronto , Ontario, Canada, Ottawa, it's
CALGARY, Alberta, Sept 18 (Reuters) - Alberta Premier Danielle Smith said on Monday she wanted to announce the details of investment tax credits to support carbon capture and storage (CCS) projects at the COP 28 climate summit in Dubai at the end of this year. Smith made the announcement during a news conference on the sidelines of the World Petroleum Congress in Calgary. Alberta is Canada's main producer of crude oil and natural gas, and its highest carbon-emitting province. COP 28 runs from Nov. 30 until Dec. 12. Reporting by Nia Williams; writing by David Ljunggren; Editing by Leslie Adler and Richard ChangOur Standards: The Thomson Reuters Trust Principles.
Persons: Danielle Smith, Smith, Nia Williams, David Ljunggren, Leslie Adler, Richard Chang Organizations: World Petroleum Congress, Pathways Alliance, Suncor Energy, Cenovus Energy, Thomson Locations: CALGARY, Alberta, Dubai, Calgary . Alberta, Ottawa
A for sale sign is displayed outside a home in Toronto, Ontario in Toronto, Ontario, Canada December 13, 2021. Prime Minister Justin Trudeau last week announced a tax break designed to boost the construction of new rental apartment buildings and relieve pressure on the Canadian housing market. Later on Monday, the heads of major grocery chains will meet government ministers who are demanding to see a plan to counter soaring food prices. Canadian retailers say they are not to blame for surging food prices, and instead point to food manufacturers and producers for passing on higher costs to the grocers. The grocery chains attending the meeting in Ottawa are Loblaws (L.TO), Sobeys (EMPa.TO), Metro (MRU.TO), Walmart (WMT.N) and Costco (COST.O), which together represent 80% of the Canadian market.
Persons: Carlos Osorio, Justin Trudeau, Chrystia Freeland, Trudeau, Karina Gould, Steve Scherer, David Ljunggren, Bernadette Baum Organizations: REUTERS, Rights, Liberal, Finance, Competition, Conservatives, Metro, Walmart, Costco, Thomson Locations: Toronto , Ontario, Canada, Ottawa
REUTERS/Blair Gable/File Acquire Licensing Rights Read moreOTTAWA, Sept 17 (Reuters) - Canada will contribute C$33 million ($24.5 million) to a British-led partnership that is buying air defense equipment for Ukraine to help it fend off Russian missile and drone attacks, Defence Minister Bill Blair said on Sunday. In a statement, Blair said the contribution was part of the C$500 million worth of military aid for Kyiv that Prime Minister Justin Trudeau announced in June. Since Russia invaded in February 2022, Ottawa has committed over C$8 billion in aid, including around C$1.8 billion in military assistance. The partnership, which also includes the United States, the Netherlands and Denmark, aims to buy hundreds of short- and medium-range air defense missiles and associated systems. ($1 = 1.3523 Canadian dollars)Reporting by David Ljunggren; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.
Persons: Bill Blair, Blair Gable, Blair, Justin Trudeau, David Ljunggren, David Gregorio Our Organizations: Public Safety, REUTERS, Defence, Thomson Locations: Ottawa , Ontario, Canada, OTTAWA, British, Ukraine, Kyiv, Ukrainian, Russia, Ottawa, United States, Netherlands, Denmark
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
[1/3] A man walks near a large lawn chair that was tipped over, after Hurricane Lee was downgraded to a post-tropical storm and started to impact Shelburne, Nova Scotia, Canada, September 16, 2023. REUTERS/John Morris Acquire Licensing RightsSHELBURNE, NOVA SCOTIA Sept 16 (Reuters) - The Lee storm system weakened into a post-tropical cyclone as it closed in on New England and Atlantic Canada on Saturday, producing hurricane-force winds that knocked out power to more than 100,000 people. Strong winds, coastal flooding and heavy rains were already occurring in parts of New England and Atlantic Canada, it added. In the Canadian province of Nova Scotia, more than 100,000 people were without power early on Saturday after high winds brought down trees. Lee has been churning as a large hurricane over the Atlantic for more than a week, briefly threatening Bermuda but mostly harmless for anyone on land.
Persons: Hurricane Lee, John Morris, Lee, Crews, Matt Drover, Joe Biden, Karine Jean, Pierre, Fiona, David Ljunggren, Idrees Ali, Daniel Trotta, Brendan O'Brien, Kim Coghill, Mike Harrison, Diane Craft Organizations: REUTERS, NOVA, Atlantic Canada, The U.S, National Hurricane Center, Nova, Canadian Hurricane Center, U.S, Thomson Locations: Shelburne, Nova Scotia, Canada, New England, Atlantic, The, Halifax Nova Scotia, Atlantic Canada, Canadian, of Nova Scotia, New Brunswick, Halifax, Fundy, Maine, Massachusetts, Bermuda, Ottawa, Washington, Carlsbad , California, Chicago
[1/15] A tree on the ground is pictured after taking down the power lines and shutting off access to this road in Liverpool, Nova Scotia, Canada, September 16, 2023. The still-powerful weather system packed maximum sustained winds of 65 mph (100 km/h) with higher gusts, forecasters said. In the Canadian province of Nova Scotia, around 120,000 people were without power on Saturday as winds knocked down trees and felled power lines. "The intensity of the storm is strong," said Paul Mason, the executive director of the Nova Scotia Emergency Management Office. It marks the second year in a row that such a powerful storm has reached Canada after Hurricane Fiona ripped into eastern Canada a year ago.
Persons: John Morris, Lee, Crews, Matt Drover, PowerOutages.us, Paul Mason, Joe Biden's, Fiona, David Ljunggren, Idrees Ali, Maria Caspani, Daniel Trotta, Brendan O'Brien, Kim Coghill, Mike Harrison, Diane Craft, Daniel Wallis, David Gregorio Our Organizations: REUTERS, U.S, National Hurricane Center, Nova, Nova Scotia Emergency Management Office, NHC, Canadian Hurricane Centre, Thomson Locations: Liverpool , Nova Scotia, Canada, Nova Scotia, Canada's Nova Scotia, Atlantic, U.S ., Maine, Halifax, Eastport , Maine, Atlantic Canada, Canadian, of Nova Scotia, New Brunswick, Massachusetts, Bermuda, Ottawa, Washington, New York, Carlsbad , California, Chicago
[1/2] Former U.S. President Donald Trump and Special Counsel Jack Smith are seen in a combination of file photos in Washington, U.S., in 2023. "This demonstrates the need to protect potential jurors from fear of threats and harassment that stem from the defendant’s (Trump's) disparaging and inflammatory public statements," prosecutors wrote. Prosecutors want Trump restricted from giving statements about "the identity, testimony, or credibility of prospective witnesses." "This is nothing more than blatant election interference because President Trump is by far the leading candidate in this race," a Trump spokesperson said in a statement. Chutkan previously warned Trump against making statements that could threaten witnesses or taint the jury pool.
Persons: Donald Trump, Jack Smith, Tasos Katopodis, Kevin Wurm, Smith, Tanya Chutkan, Trump, Chutkan, Kanishka Singh, Eric Beech, David Ljunggren, Sarah N Lynch, Caitlin Webber, Dan Whitcomb, Scott Malone, Alistair Bell Organizations: U.S, REUTERS, D.C, Prosecutors, Trump, Republican, Thomson Locations: Washington , U.S, Washington, Maine, California
Canada's Prime Minister Justin Trudeau delivers his remarks during the ASEAN-Canada Summit as part of the 43rd Association of Southeast Asian Nations (ASEAN) Summit in Jakarta, Indonesia, 06 September 2023. ADI WEDA/Pool via REUTERS Acquire Licensing RightsOTTAWA, Sept 14 (Reuters) - Canada could impose new taxes on major grocery chains if they do not come up with a convincing plan to limit the rise of food prices, Prime Minister Justin Trudeau said on Thursday. Trudeau said the heads of the largest chains would be summoned to Ottawa with a plan to address rising prices. The deadline for this is Oct. 9, he said at the end of a meeting of his ruling Liberal Party in London, Ontario. Reporting by David Ljunggren; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.
Persons: Justin Trudeau, Trudeau, David Ljunggren, Leslie Adler Organizations: Canada's, ASEAN, Canada, 43rd Association of Southeast Asian Nations, REUTERS Acquire, Rights, Liberal Party, Thomson Locations: Jakarta, Indonesia, Canada, Ottawa, London , Ontario
OTTAWA, Sept 14 (Reuters) - Canada will remove the federal 5% sales tax on the construction of new rental apartment buildings in a bid to boost housing supplies, a source directly familiar with the matter said on Thursday. Trudeau's Liberal government, under pressure over a lack of affordable housing, on Wednesday told cities to do more and said those who cooperated would receive federal cash. "A Poilievre government will restore the promise of Canada by building homes people can afford," he said. The deadline for the next election is October 2025 but it could come sooner. Reporting by David Ljunggren and Steve Scherer; editing by Grant McCoolOur Standards: The Thomson Reuters Trust Principles.
Persons: Justin Trudeau, Trudeau, Pierre Poilievre, David Ljunggren, Steve Scherer, Grant McCool Organizations: Globe and Mail, Trudeau's Liberal, Wednesday, Conservatives, Liberal, Conservative, Thomson Locations: OTTAWA, Canada
REUTERS/Artem Mikryukov/File Photo Acquire Licensing RightsMOSCOW, Sept 14 (Reuters) - The Kremlin expressed concern on Thursday that tensions between Armenia and Azerbaijan over the breakaway region of Nagorno-Karabakh were increasing, as Armenia's prime minister described the situation in the blockaded territory as "critical". Armenia has in recent weeks repeatedly accused Azerbaijan of massing forces around Karabakh, which Baku has effectively blockaded since December 2022, causing acute hunger. Armenian state news agency Armenpress on Thursday quoted Prime Minister Nikol Pashinyan as saying the humanitarian situation inside Karabakh was desperate. He said a Russian aid truck which Karabakh authorities allowed to enter the region from Azerbaijan on Tuesday had not alleviated the crisis. Armenpress also quoted Pashinyan as saying that Azerbaijan was continuing to mass troops along the frontlines with Karabakh and Armenia, a charge that Baku has repeatedly denied.
Persons: Artem Mikryukov, Dmitry Peskov, Antony Blinken, Matthew Miller, Armenpress, Nikol Pashinyan, Felix Light, David Ljunggren, Gareth Jones, Andrew Heavens Organizations: REUTERS, Rights, Department, Karabakh, Thomson Locations: Taghavard, Nagorno, Karabakh, Armenia, Azerbaijan, Baku, Russia, Yerevan, South Caucasus, Moscow, Russian, Tbilisi, Ottawa
A General Motors assembly worker pickets outside the General Motors Bowling Green plant during the United Auto Workers (UAW) national strike in Bowling Green, Kentucky, U.S., October 10, 2019. Aid for suppliers has been discussed "since the minute it became clear there could be a strike" but those talks are "premature and fluid," the source said. Auto suppliers held recent discussions with the White House about the potential impact of a strike and possible options that the Biden administration could tap to help suppliers weather a prolonged strike. Small suppliers are critical to automakers' supply chains. Automakers have spent much of the past three years dealing with supply chain disruptions, and are still working to recover.
Persons: Bryan Woolston, Joe Biden's, Biden, Nandita Bose, David Shepardson, Paul Grant, David Ljunggren, Heather Timmons, Leslie Adler Organizations: General Motors, United Auto Workers, UAW, REUTERS, Detroit Three, U.S, Auto, House, Washington Post, Labor Department, Small Business Administration, White, SBA, Motor Equipment Manufacturers Association, Thomson Locations: Bowling Green , Kentucky, U.S, Michigan , Ohio, Canadian, Ontario
Polls show that after nine years in power, the left-leaning Liberals are badly trailing the official opposition Conservatives and would lose power if an election were held now. Although Trudeau has a deal with the smaller left-of-center New Democrats that will allow them to govern until October 2025, the agreement is non-binding, and could collapse earlier. I'm continuing to do my job," Trudeau told reporters in London, Ontario, when asked whether he had considered stepping down. The Conservatives accuse Trudeau of fueling inflation through what they call reckless government spending and complain that housing is becoming increasingly unaffordable. Reporting by David Ljunggren; Editing by Chris Reese and David GregorioOur Standards: The Thomson Reuters Trust Principles.
Persons: Justin Trudeau, Trudeau, I'm, David Ljunggren, Chris Reese, David Gregorio Our Organizations: Canadian, Conservatives, Democrats, Liberal, Thomson Locations: OTTAWA, London , Ontario
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
Canada created 39,900 jobs, Statistics Canada said, compared with a median forecast for a gain of 15,000. The labor market has been resilient even as the Bank of Canada (BoC) raised its key overnight rate 10 times since March 2022 to cool the economy. Money markets see a 44% chance of another BoC rate hike by year-end, up from 36% before the data were published. "This report alone won't make the Bank of Canada regret holding rates steady earlier this week. Derek Holt, vice president of capital markets economics at Scotiabank, noted a gain of 49,500 people in self-employed jobs.
Persons: Carlos Osorio, Andrew Kelvin, Royce Mendes, Derek Holt, Dale Smith, Fergal Smith, Andrea Ricci, Nick Macfie Organizations: Queen, West, REUTERS, Rights, Statistics, Bank of Canada, BoC, TD Securities, Desjardins Group, Canadian, Scotiabank, Thomson Locations: Toronto Ontario, Canada, Statistics Canada, Canadian, Ottawa, Toronto
OTTAWA, Sept 8 (Reuters) - Canada's economy gained a much greater than expected net 39,900 jobs in August and the unemployment rate remained at 5.5%, official data showed on Friday, a sign of underlying strength despite high rates. Analysts polled by Reuters had forecast a net gain of 15,000 jobs and for the unemployment rate to edge up to 5.6% from July. Statistics Canada said full-time positions grew by 32,200 jobs while part-time jobs posted a more modest gain of 7,800. The labor market has been resilient even as the Bank of Canada raised its key overnight rate 10 times since March 2022 to cool the economy. Employment in the goods sector fell by a net 2,500 jobs in August, largely in manufacturing, while services sector gained a net 42,400 jobs, mostly in professional, scientific and technical services.
Persons: David Ljunggren, Dale Smith Organizations: Reuters, Statistics Canada, Bank of Canada, Thomson Locations: OTTAWA
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