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☆ Canada's Trudeau sets sights on fourth election fight with Cabinet refresh
▼ + stars: | 2023-07-30 | by ( Steve Scherer | ) www.reuters.com time to read: +4 min

With a string of recent polls showing the left-leaning Liberals trailing their right-of-center Conservative rivals after almost eight years in power, Trudeau changed or shifted three-quarters of his cabinet. But with the influential Finance Minister Chrystia Freeland, who is also deputy prime minister, keeping her job, some analysts are questioning the real impact of the changes. But the deal is not binding and Trudeau needs his campaign team ready to go at any time. No Canadian prime minister since Wilfrid Laurier in 1908 has won four consecutive elections. "Any advantage the Conservatives have on this may well evaporate if we see inflation and interest rates 'normalize' by the next election."

Persons: Justin Trudeau, Liberal leader's, Trudeau, Pierre Poilievre, Justin, flation, Frank Graves, it's, Chrystia Freeland, Robert Asselin, Wilfrid Laurier, Shachi Kurl, Angus Reid, Steve Scherer, David Ljunggren, Marguerita Choy Organizations: OTTAWA, Canadian, Liberal, Liberals, Conservative, Abacus, Conservatives, EKOS Research, Business Council of Canada, New Democrats, Angus Reid Institute, Thomson

July 28 (Reuters) - The United States and its partners are communicating with military leaders in Niger, a State Department spokesperson said on Friday, as Washington warned a military takeover could end U.S. cooperation with the nation. Coup leaders in Niger on Friday declared General Abdourahamane Tiani as the new head of state following the seventh military takeover in West and Central Africa in less than three years. Military leaders from ECOWAS nations and international partners including the United States are in communication with a broad array of military leaders in Niger," the State Department spokesperson said. So far in fiscal year 2023, the U.S. has provided nearly $138 million in humanitarian assistance for vulnerable populations in Niger, the State Department spokesperson said. The State Department spokesperson said there was no announcement about when she would travel to Niger.

Persons: Abdourahamane Tiani, John Kirby, Washington, Washington's, Biden, Kirby, Lloyd Austin, Kathleen FitzGibbon, Steve Holland, Daphne Psaledakis, Phil Stewart, Patricia Zengerle, David Ljunggren, Jonathan Oatis, Sandra Maler, Don Durfee, Cynthia Osterman Organizations: State Department, Friday, Military, White House, U.S . Agency for International Development, ., Pentagon, DoD, Department of Defense, The State Department, Thomson Locations: United States, Niger, Washington, West, Central Africa, U.S, Africa's, Niger . U.S

☆ White House says there is no possibility Biden would pardon his son
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: 1 min

OTTAWA, July 27 (Reuters) - The White House said on Thursday there was no possibility President Joe Biden would pardon his son Hunter, who is facing charges of failing to pay taxes on more than $1.5 million in income in 2017 and 2018. Asked whether Biden might issue such a pardon, White House spokeswoman Karine Jean-Pierre told a briefing, "No." Reporting by Andrea Shalal, writing by David Ljunggren; Editing by Doina ChiacuOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Hunter, Biden, White, Karine Jean, Pierre, Andrea Shalal, David Ljunggren, Doina Organizations: OTTAWA, Thomson

[1/5] Canada's Prime Minister Justin Trudeau poses for a family photo with cabinet ministers, following a cabinet shuffle, at Rideau Hall, in Ottawa, Ontario, Canada, July 26, 2023. Dominic LeBlanc becomes public safety minister, taking over for Marco Mendicino, and Arif Virani moves from the back benches to become justice minister. "The shuffle does send a clear message that the government is aware that their current standing with the electorate is not healthy." An Abacus Data poll out on Wednesday shows his party opening up a big lead on the Liberals with 38% to 28% in public support. Poilievre pounced on the shuffle, calling it evidence of the prime minister's failures.

Persons: Justin Trudeau, Blair Gable OTTAWA, Trudeau, Chrystia Freeland, Francois, Philippe Champagne, Melanie Joly, Sean Fraser, Dominic LeBlanc, Marco Mendicino, Arif Virani, Bill Blair, Anita Anand, Frank Graves, Pierre Poilievre, Poilievre pounced, Shachi Kurl, Angus Reid, David Ljunggren, Steve Scherer, Paul Simao, Mark Heinrich, Deepa Babington Organizations: Canada's, Rideau Hall, REUTERS, Canadian, Finance, Innovation, Infrastructure, Defense, Conservative, Abacus, Twitter, New Democrats, Angus, Angus Reid Institute, Conservatives, Liberals, Thomson Locations: Ottawa , Ontario, Canada

The official opposition Conservatives, who blame Trudeau for housing shortage and spiking inflation, have consistently been ahead in the polls for over year. "Bringing in fresh energy with new members and new challenges was important for our economic team in particular," Trudeau told reporters after the shuffle. [1/5]Canada's Prime Minister Justin Trudeau poses for a family photo with cabinet ministers, following a cabinet shuffle, at Rideau Hall, in Ottawa, Ontario, Canada, July 26, 2023. REUTERS/Blair GableConservative leader Pierre Poilievre pounced on the shuffle, calling it evidence of the prime minister's failures. "Justin Trudeau may have fired many of his cabinet ministers today, but he's just as out of touch as ever, doubling down on his inflationary, high-spending and high-taxing ways," he said in a statement.

Persons: Justin Trudeau, Trudeau, Chrystia Freeland, Francois, Philippe Champagne, Melanie Joly, Sean Fraser, Frank Graves, Blair Gable, Pierre Poilievre pounced, Jagmeet Singh, Kurl, Angus Reid, David Ljunggren, Steve Scherer, Ismail Shakil, Paul Simao, Mark Heinrich, Deepa Babington, Mark Porter Organizations: OTTAWA, Canadian, Liberal, Finance, Innovation, Infrastructure, Conservatives, Abacus, Canada's, Rideau Hall, REUTERS, Blair Gable Conservative, New Democrats, New, Angus, Angus Reid Institute, Liberals, Thomson Locations: Ottawa , Ontario, Canada

☆ Factbox: Key moves in Justin Trudeau's cabinet shuffle
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +3 min

OTTAWA, July 26 (Reuters) - Canadian Prime Minister Justin Trudeau shuffled his cabinet on Wednesday, appointing new heads at 30 of the 38 ministries, adding seven new faces. Bill Blair took over as defense minister, his fourth cabinet post under Trudeau since 2018, where he will oversee military efforts to help Ukraine and reinforce NATO. The former Toronto police chief, 69, had previously been in charge of border security, public safety and then emergency preparedness. Marc Miller, 50, was promoted to immigration minister from crown indigenous relations. Fraser, 39, had been immigration minister since October 2021.

Persons: Justin Trudeau, Anita Anand, Anand, Bill Blair, Trudeau, Dominic LeBlanc, Marco Mendicino, Marc Miller, Sean Fraser, Mark Holland, Jean, Yves Duclos, Pablo Rodriguez, Arif Virani, David Lametti, Mona Fortier, Mendicino, David Ljunggren, Steve Scherer, Deepa Babington Organizations: OTTAWA, Canadian, WHO, Treasury Board, NATO, Toronto police, Liberal, Canadian Heritage, Treasury, Thomson Locations: Ukraine, Fraser, Ontario

One well-placed Liberal source said Defence Minister Anita Anand was in the running to take over at Treasury Board, which has overall control of government spending. The Liberal source said seven ministers would be leaving the cabinet. The Canadian Broadcasting Corp, which also said seven would go, named Justice Minister David Lametti and Public Safety Minister Marco Mendicino as among the departees. Transport Minister Omar Alghabra, 53, said he would leave the cabinet immediately and not run in the next election. Public Procurement Minister Helena Jaczek, 72, and Fisheries Minister Joyce Murray, 69, said they also would not run again.

Persons: Justin Trudeau's, Trudeau, Chrystia Freeland, Francois, Philippe Champagne, Anita Anand, David Lametti, Marco Mendicino, Omar Alghabra, Helena Jaczek, Joyce Murray, Carolyn Bennett, Alghabra, David Ljunggren, Paul Simao, Jonathan Oatis Organizations: OTTAWA, Liberal Party, Innovation, Treasury Board, Liberal, Canadian Broadcasting Corp, Public Safety, Public Procurement, Fisheries, Mental, New Democrats, Thomson Locations: Jaczek

☆ Canadian market participants see rates staying at 5% in 2023 -BoC survey
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +1 min

OTTAWA, July 24 (Reuters) - The Bank of Canada (BoC) will not raise rates again and will start cutting a little later than previously anticipated, according to a survey of market participants released by the central bank on Monday. The BoC's second-quarter survey, conducted from June 8 to 19, showed a median of the participants expect the bank to hold interest rates at a 22-year high of 5.00% until the end of 2023, before starting to cut rates in March. A median of 25 participants now also predict a 0.7% gross domestic product growth at the end of 2023, instead of a 0.1% contraction forecast in the last survey. In the survey release on Monday, the median forecast for annual inflation is for 3.0% at the end of this year, compared with 2.7% previously. Expectations for the inflation rate to drop to 2.2% by end-2024 were unchanged.

Persons: Ismail Shakil, Steve Scherer, David Ljunggren, Marguerita Choy Organizations: OTTAWA, Bank of Canada, BoC, BOC, Thomson Locations: Ottawa

OTTAWA, July 24 - Canada's Liberal Prime Minister Justin Trudeau is planning to reshuffle his cabinet this week, likely replacing ministers deemed to have struggled in their posts or who are not planning on running again in the next election, two government sources said. It is common for cabinet members to clear their schedules and be called to Ottawa ahead of a reshuffle. Speaking to reporters in Toronto, the 72-year-old minister did not say whether she would stay in government in the meantime, adding only that she would do "whatever the prime minister wants me to do". The most influential ministers including Deputy Prime Minister and Finance Minister Chrystia Freeland, Foreign Minister Melanie Joly, Innovation Minister Francois-Philippe Champagne and Natural Resources Minister Jonathan Wilkinson are expected to keep their jobs. Trudeau won a parliamentary majority in 2015 but was reduced to leading a minority government after elections in 2019 and 2021.

Persons: Justin Trudeau, Trudeau, Carolyn Bennett, Marco Mendicino, Chrystia Freeland, Melanie Joly, Francois, Philippe Champagne, Jonathan Wilkinson, Steve Scherer, David Ljunggren, Deepa Babington, David Holmes Organizations: OTTAWA, Canada's Liberal, Canadian Broadcasting Corp, Mental, Liberal, Monday, Public Safety, Finance, Innovation, Natural Resources, New Democrats, Conservatives, Liberals, Thomson Locations: Ottawa, Toronto

[1/3] People embrace as they stand near damage to a road, after the heaviest rain to hit the Atlantic Canadian province of Nova Scotia in more than 50 years triggered floods, in Ellershouse, West Hants Regional Municipality, Nova Scotia, Canada July 23, 2023. REUTERS/John Morris/File PhotoOTTAWA, July 24 (Reuters) - Two of the four people missing after floods ripped through the Canadian Atlantic province of Nova Scotia over the weekend are dead, Premier Tim Houston said on Monday. The floods washed away roads, swamped buildings and damaged bridges and a Canadian National Railway (CNR.TO) track connecting with Halifax, Canada's fourth-largest port. Canadian National has already restored much of the damaged infrastructure, but some repairs will be delayed until the flood waters recede, company spokesman Scott Brown said. "With supply chains the reality is the longer the disruption lasts, the more severe the impact is," he said by phone.

Persons: John Morris, Tim Houston, Houston, Scott Brown, Lane Farguson, Farguson, David Ljunggren, Nia Williams, Aurora Ellis, Grant McCool Organizations: Atlantic, Ellershouse , West, Ellershouse , West Hants Regional, REUTERS, OTTAWA, Canadian, Monday, Police, Canadian National Railway, Canada's, Canadian National, U.S . Midwest, Thomson Locations: Atlantic Canadian, of Nova Scotia, Ellershouse ,, Ellershouse , West Hants, Ellershouse , West Hants Regional Municipality , Nova Scotia, Canada, Canadian Atlantic, Halifax, Europe, Asia, Ottawa, British Columbia

☆ Nova Scotia says dam could breach, tells residents to get out
▼ + stars: | 2023-07-22 | by ( ) www.reuters.com time to read: +1 min

OTTAWA, July 22 (Reuters) - Torrential rains lashing the Canadian Atlantic province of Nova Scotia threatened to overwhelm a dam on Saturday and caused major damage in parts of Halifax, the largest city. The province's emergency office said a dam near the St. Croix River system could breach and told local residents to evacuate immediately. The alert covers a large part of central Nova Scotia. "Dam overflow - Evacuation order for the St. Croix river system area. Dam at risk of breaching," the province's emergency management office said in a message sent to cellphones.

Persons: Mike Savage, Bill Blair, David Ljunggren, Daniel Wallis Organizations: OTTAWA, St, Twitter, Federal Emergencies Management, Environment, Thomson Locations: Atlantic, of Nova Scotia, Halifax, St, Croix, Nova Scotia, Environment Canada, Canada, United States

OTTAWA, July 22 (Reuters) - The heaviest rain to hit the Atlantic Canadian province of Nova Scotia in more than 50 years triggered floods causing "unimaginable" damage, and four people are missing, including two children, officials said on Saturday. "We have a scary, significant situation," said Nova Scotia Premier Tim Houston, adding that at least seven bridges would have to be replaced or rebuilt. Authorities have declared a state of emergency in Halifax, the largest city in Nova Scotia, and four other regions. [1/7]Rescue personnel operates, in this video screengrab, in Bedford, Nova Scotia, Canada, July 21, 2023. Early on Saturday, authorities in northern Nova Scotia ordered residents to evacuate amid fears that a dam near the St. Croix River system could breach.

Persons: Nova Scotia Premier Tim Houston, Houston, Justin Trudeau, Mike Savage, Ryan Snoddon, David Ljunggren, Daniel Wallis, Richard Chang, Paul Simao Organizations: OTTAWA, Atlantic, Nova, Nova Scotia Premier, Authorities, Rescue, Halifax, Environment, Canadian Broadcasting Corp, Thomson Locations: Atlantic Canadian, of Nova Scotia, Nova Scotia, Toronto, Ottawa, Canada, United States, Halifax, Bedford , Nova Scotia, Houston, Environment Canada, St, Croix

[1/2] The roof of a Pfizer facility shows heavy damage after a tornado passed the area in Rocky Mount, North Carolina, U.S. July 19, 2023. ABC Affiliate WTVD via REUTERSJuly 21 (Reuters) - Most of the tornado damage at Pfizer Inc's (PFE.N) Rocky Mount, North Carolina plant was to the warehouse and not manufacturing facilities, CEO Albert Bourla said on Friday, easing concerns about long-term drug shortages from the plant. Nonetheless, Bourla told a news conference in Rocky Mount that it will be a monumental task to repair the damage. "We are moving full speed to bring this manufacturing plant into action again," Bourla said, noting that crews were working to restore power to the plant. The Rocky Mount plant is one of the largest factories for sterile injectable medicines in the world.

Persons: Albert Bourla, Bourla, Soumi Saha, Saha, Lisa Mulloy, Erin Fox, David Ljunggren, Michael Erman, Shivani Tanna, Rami Ayyub, Doina Chiacu, Cynthia Osterman, Diane Craft Organizations: Pfizer, ABC, WTVD, REUTERS, Pfizer Inc's, U.S, American Society of Health, System Pharmacists, U.S . Food, Drug Administration, FDA, Premier Inc, University of Utah Health, Thomson Locations: Rocky Mount, North Carolina, U.S, Rocky, Bengaluru

July 21 (Reuters) - Pfizer Inc(PFE.N) CEO Albert Bourla said on Friday that tornado damage this week had almost completely destroyed the drugmaker's warehouse at its Rocky Mount, North Carolina, plant, but that production facilities there do not seem to have suffered damage. "It appears that most of the damage sustained at the site was at our warehouse ... the facilities that are producing, (it) doesn't seem that they have suffered any damage." In the meantime, the company is working to identify alternative manufacturing locations for production around the U.S. Nearly 25% of Pfizer's sterile injectables used in U.S. hospitals are produced there, according to the company's website. "There are so many shortages already," said Erin Fox, senior director of drug information at University of Utah Health.

Persons: Albert Bourla, Bourla, Soumi Saha, Saha, Erin Fox, Lisa Mulloy, David Ljunggren, Michael Erman, Rami Ayyub, Doina Organizations: Pfizer Inc, Engineers, U.S, Products, Premier Inc, American Society of Health, System Pharmacists, Pfizer, University of Utah Health, Thomson Locations: North Carolina, Rocky, U.S

REUTERS/Chris Helgren/File PhotoVANCOUVER, July 19 (Reuters) - Striking dock workers on Canada's Pacific coast on Wednesday issued a new 72-hour walkout notice just hours after a federal watchdog ruled their current stoppage was illegal. Amid mounting calls for resolute government action to end the strike, Prime Minister Justin Trudeau convened a meeting of the Incident Response Group. Some 7,500 dock workers have been picketing the two ports almost non-stop since July 1. Its leader, Jagmeet Singh, ruled out support for a law to end the strike. That means Trudeau would need the votes of the Conservatives, who have been trying to court workers and unions, or the separatist Bloc Quebecois.

Persons: Chris Helgren, Justin Trudeau, Trudeau, Prince Rupert, Omar Alghabra, David Eby, Pierre Poilievre, Jagmeet Singh, Steve Scherer, Ismail Shakil, David Ljunggren, Nia Williams, Chris Reese, Jonathan Oatis, Daniel Wallis, Leslie Adler Organizations: International, Warehouse Union, REUTERS, VANCOUVER, Minister's, Canada Industrial Relations, Reuters, Canadian Manufacturers, Ministers, Canadian Chamber of Commerce, New Democratic Party, NDP, Conservative Party, Conservatives, Bloc Quebecois, Liberal, Thomson, & ' $ Locations: Vancouver , British Columbia, Canada, Vancouver, Ottawa, Alberta, Saskatchewan, British Columbia

OTTAWA, July 18 (Reuters) - Canada on Tuesday defended its decision to push ahead with its implementation of digital services taxes starting next year, citing national interest even as Finance Minister Chrystia Freeland expressed hope in reaching an international consensus. Ottawa refused, saying an extension of the freeze would disadvantage Canada relative to governments that have been collecting revenue under their pre-existing tax regimes. Ottawa's new levy would see a 3% tax on revenue earned by large technology companies in Canada. The process of launching such taxes has dragged on, and the governments planning national digital services taxes had agreed to put them on ice until the end of this year or drop them altogether once the first pillar of the deal takes effect in 2025 or later. Freeland said Canada was already in the process of implementing the second pillar, which calls on governments to set a global minimum corporate tax rate of 15% in 2024.

Persons: Chrystia Freeland, Freeland, Ismail Shakil, Steve Scherer, David Ljunggren, Matthew Lewis, Susan Heavey Organizations: OTTAWA, Apple, Ottawa, Thomson Locations: Canada, New Delhi, India, Ottawa

☆ Canada gives Toronto millions to shelter asylum seekers
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +2 min

The federal government of Prime Minister Justin Trudeau, which has responsibility for refugees and asylum seekers, prides itself on its record of accepting those fleeing oppression even as it tries to tighten its border with the United States. But Toronto, Canada's largest city, says Ottawa has not provided anywhere near enough money to keep shelters open. At the end of 2022, Canada had more than 70,000 pending refugee claims. Almost 40,000 asylum seekers entered Canada through irregular border crossings from the United States last year -- nine times higher than in 2021 when COVID-19 related restrictions were enforced. In March, the United States and Canada changed a two-decade-old refugee agreement as part of an attempts to reduce the influx across the world's largest land border.

Persons: Marco Mendicino's, Soe, Sean Fraser, Justin Trudeau, Kevin Vuong, Trudeau, Fraser, David Ljunggren, Susan Heavey Organizations: Rights, Public Safety, REUTERS, Rights OTTAWA, Canadian, Thomson Locations: Canada, United States, Toronto , Ontario, Toronto, Canada's, Ottawa, COVID, Quebec

OTTAWA, July 18 (Reuters) - Canada sees a path forward in reaching international consensus on digital services taxes, and a decision to not back a global agreement on freezing the implementation of domestic taxes was taken in the national interest, Finance Minister Chrystia Freeland said on Tuesday. Last week, most countries with planned digital services taxes agreed to hold off applying them for at least a year longer than what was agreed initially as a global tax deal to replace local taxes was pushed back. Ottawa did not back that deal to extend, saying such a delay would put Canada at a disadvantage relative to countries that have been collecting revenue under their pre-existing digital services taxes. Freeland, in India to attend G7 and G20 meetings, said she had good conversations about finding a path forward on digital services taxes. More than 140 countries were supposed to start implementing next year a 2021 deal overhauling decades-old rules on how governments tax multinational companies.

Persons: Chrystia Freeland, Freeland, Ismail Shakil, Steve Scherer, David Ljunggren, Matthew Lewis Organizations: OTTAWA, Finance, Ottawa, Apple, Thomson Locations: Canada, New Delhi, Freeland, India, Ottawa

☆ As Canada's wildfires intensify, recruiting firefighters is tougher
▼ + stars: | 2023-06-24 | by ( Nia Williams | ) www.reuters.com time to read: +5 min

That's roughly 2,500 firefighters short of what is needed, said Mike Flannigan, a professor at Thompson Rivers University in British Columbia and wildfire specialist. "It's hard work, it's hot work, it's smoky work, and there are real issues with health impacts longer-term," Flannigan said. Applications were down in British Columbia and Nova Scotia, and Alberta had to do several rounds of recruitment to fill its ranks, officials said. As more wildfires threaten communities, provincial agencies are also increasingly leaning on structural firefighters to help protect homes. Since 2009, Canada has been spending more on fighting and suppressing wildfires than on maintaining its firefighting personnel and program.

Persons: Mike Flannigan, Flannigan, Scott Tingley, Rob Schweitzer, Ken McMullen, David Ljunggren, Ismail Shakil, Denny Thomas, Aurora Ellis Organizations: Reuters, Thompson Rivers University, Nova, Wildfire, BC Wildfire Service, Canadian Association of Fire Chiefs, Emergency Preparedness, Thomson Locations: BRITISH COLUMBIA, Canada, Yukon, British Columbia, Ontario, Nova Scotia, Alberta, Canada's, Manitoba, Lithuania, Quebec, Ottawa

☆ Off-duty pilot helps land Air Canada plane after medical emergency - TSB
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +1 min

OTTAWA, June 23 (Reuters) - One of the pilots flying an Air Canada jet airliner became incapacitated during a domestic flight but the plane landed safely after an off-duty pilot stepped in to help, authorities said on Friday. The Transportation Safety Board (TSB) said the incident occurred on June 7 during a 2,115 km (1,300 mile) flight to St John's in the Atlantic province of Newfoundland from Toronto. A deadheading captain assumed the crew member's duties and landed the aircraft without further incident," the TSB said in an emailed statement. A deadheading pilot is one who is flying commercially on their way to a new assignment. According to Air Canada's website, the carrier generally operates the flight with an Airbus A-220 twin-engine airliner, which can carry around 140 passengers.

Persons: John's, David Ljunggren, Grant McCool Organizations: OTTAWA, Air Canada, Transportation Safety Board, TSB, Air Canada's, Airbus, Thomson Locations: Atlantic, Newfoundland, Toronto

☆ Meta to end access to news on Facebook, Instagram in Canada
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +1 min

OTTAWA, June 22 (Reuters) - Meta Platforms Inc (META.O) said on Thursday it would end access to news on Facebook and Instagram for all users in Canada after parliament approved legislation designed to compel internet giants to pay publishers for news. The legislation, known as the "Online News Act," was approved by the Senate upper chamber earlier on Thursday and is expected to be formally adopted shortly. "Today, we are confirming that news availability will be ended on Facebook and Instagram for all users in Canada prior to the Online News Act taking effect," the company said in a statement. Earlier this month, Prime Minister Justin Trudeau said Meta and Google were using "bullying tactics" as they campaign against the legislation. Reporting by Ismail Shakil and David Ljunggren in Ottawa; Editing by Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

Persons: Justin Trudeau, Meta, Ismail Shakil, David Ljunggren, Daniel Wallis Organizations: OTTAWA, Inc, Facebook, Google, Thomson Locations: Canada, Australia, Europe, Ottawa

☆ Bank of Canada to gauge need for further rate hikes based on data - minutes
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +2 min

On June 7 the central bank, which had been on hold since January, raised its overnight rate to 4.75%. The governing council discussed whether or not it should signal a rate increase and then execute it in July, but decided that there was enough data to act immediately, the minutes said. The council then agreed to "assess the need for further policy rate increases based on the incoming data", the minutes said. The governing council said it expected that second quarter growth would outpace the 1% annualized pace it forecast in April, according to the minutes. "Governing Council agreed that the economy remained clearly in excess demand and that the rebalancing of supply and demand was likely to take longer than previously expected", the minutes said.

Persons: Steve Scherer, David Ljunggren OTTAWA, David Ljunggren Organizations: Bank of Canada, Thomson Locations: Canada

☆ Russia-aligned hackers pose threat to Canada energy sector - spy agency
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +1 min

OTTAWA, June 21 (Reuters) - Russia-aligned hackers could seek to disrupt Canada's powerful oil and natural gas sector, especially since Ottawa is a strong backer of Ukraine, a Canadian spy agency said on Wednesday. The Communications Security Establishment (CSE) signals intelligence agency said Russia had repeatedly deployed destructive cyber attacks against its adversaries as geopolitical crises escalate. CSE said the oil and gas sector employed about 600,000 people and accounted for 5% of gross domestic product. "It is difficult to overstate the importance of the oil and gas sector to national security because much of our criticalinfrastructure depends on oil and gas products," it said. CSE said Russian-aligned actors were trying to compromise the networks of Canadian critical infrastructure providers, organizations in the oil and gas sector.

Persons: David Ljunggren, Cynthia Osterman Organizations: OTTAWA, Communications Security, CSE, Ukraine, Thomson Locations: Russia, Ottawa, Ukraine, Canadian, Canada, Russian

☆ Canada investing C$350 mln to boost drive for sustainable aerospace industry
▼ + stars: | 2023-06-19 | by ( ) www.reuters.com time to read: +1 min

OTTAWA, June 19 (Reuters) - Canada is investing C$350 million ($265 million) to help fund efforts to make the aerospace industry more environmentally sustainable, Innovation Minister Francois-Philippe Champagne said on Monday. The focus will be on hybrid and alternative propulsion, aircraft systems, the transition to alternative fuels, and aircraft support infrastructure, he said in a statement. "(This) ... will help drive and accelerate the green industrial transformation of Canada's aerospace industry, generating high-value jobs while strengthening supply chains and supporting the transition to a net-zero economy," he said. Aviation, which produces around 2% of the world's emissions, is considered one of the hardest sectors to decarbonise. The C$350 million includes a C$49 million aerospace innovation investment announced in 2019.

Persons: Francois, Philippe Champagne, David Ljunggren, Jonathan Oatis Organizations: OTTAWA, Innovation, Aviation, Airbus, Air, Thomson Locations: Canada, Vancouver

OTTAWA, June 16 (Reuters) - Flags flew lowered in the Canadian province of Manitoba on Friday and relatives braced for bad news after 15 mainly elderly people died in one of the country's worst recent road crashes. "It's a terrible, terrible thing that occurred, and our thoughts go out to the families that have been absolutely devastated by this news," he told reporters in Montreal. Ron Bretecher, whose parents were on the bus, told reporters his mother had survived the crash but his father was still unaccounted for. The bus, heading south, was crossing the Trans-Canada highway when it collided with the truck, which was traveling east. "The fire was about 10 to 15 feet high and the smoke was almost 20, 30 feet high," Vadera said.

Persons: Justin Trudeau, Ron Bretecher, It's, Mike Blume, David Bosiak, Ross, William Doherty, Nirmesh Vadera, Vadera, David Ljunggren, Nick Macfie, Jonathan Oatis, Nick Zieminski Organizations: OTTAWA, Flags, Police, Canadian Broadcasting Corp, CBC, Thomson Locations: Canadian, Manitoba, Carberry, Winnipeg, Ottawa, Montreal, Dauphin, Carberry , Manitoba, Canada, Saskatchewan

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