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Robb M. Stewart — Reporter at The Wall Street Journal
  + stars: | 2023-11-29 | by ( Robb M. Stewart | ) www.wsj.com   time to read: +1 min
Robb M. StewartRobb M. Stewart is a reporter for Dow Jones Newswires and The Wall Street Journal in Ottawa, where he covers Canada's economy. He writes about changes in employment, trade, inflation and other trends, and how they reflect the broader economy and factor into central bank decisions. He also writes about a range of companies and industries across corporate Canada. Robb joined the Canada bureau in 2022 after a two-year stint in the New York office, where he was a publishing editor. Over roughly two-and-a-half decades with Dow Jones, he has been a senior correspondent in Australia, where he mostly wrote about the big resources companies and banks in the region; a bureau chief in Johannesburg writing about southern Africa; a bureau chief in Stockholm leading a team of reporters covering the Nordic region; and a senior reporter in London, where he launched a column that held a critical lens up to businesses in Europe.
Persons: Robb M, Stewart Robb M, Stewart, Dow Jones Newswires, Robb, Dow Jones Organizations: Street Locations: Ottawa, Canada, New York, Australia, Johannesburg, Africa, Stockholm, London, Europe
OTTAWA (Reuters) - U.S. allegations that an Indian government official directed an unsuccessful plot to assassinate a Sikh separatist on U.S. soil underscores the need for India to take similar allegations by Canada seriously, Canadian Prime Minister Justin Trudeau said on Wednesday. "The news coming out of the United States further underscores what we've been talking about from the very beginning, which is that India needs to take this seriously," Trudeau told reporters in Ottawa. The U.S. charges come about two months after Canada said there were "credible" allegations linking Indian agents to the murder of a Sikh separatist leader, Hardeep Singh Nijjar, in a Vancouver suburb, in June. India has rejected that allegation. (Reporting by Ismail Shakil and Steve Scherer in Ottawa; Editing by Chizu Nomiyama)
Persons: Justin Trudeau, Trudeau, Hardeep Singh Nijjar, Ismail Shakil, Steve Scherer, Chizu Nomiyama Organizations: OTTAWA, Indian, Canadian, U.S . Justice, New York City Locations: U.S, India, Canada, New York, United States, Ottawa, The U.S, Vancouver
Cobre Panama has said it is committed to growing more new forest than is impacted by its mine. "We aren't going anywhere," Sabino Ayarza, a representative of the protesting fishermen, told Reuters on Tuesday from his boat. Their grassroots movement, nearly unheard of in business-friendly Panama, has wiped C$11 billion ($7.4 billion) off First Quantum's market value and raised global copper prices on supply worries. The protesters' victory in Panama is emblematic of the outsized and sometimes unexpected influence local communities are having on mining companies worldwide. Cobre Panama accounted for about 46% of First Quantum's overall revenue in the third quarter, according to company data.
Persons: Aris Martinez, Sabino Ayarza, Ayarza, Codelco, Valentine Hilaire, Divya Rajagopal, Fabian Cambero, Christian Plumb, Denny Thomas, Nick Zieminski Organizations: REUTERS, Aris, PANAMA CITY, Minerals, Reuters, Panamanian, Tuesday, Scotiabank, Protesters, First, Thomson Locations: Panama City, Panama, PANAMA, TORONTO, Portugal, Peru, Chile, Macquarie, Mexico City, Toronto, Santiago
AdvertisementAfter a year of trendsetting, Miu Miu has been named the top fashion brand of 2023 by Lyst. The underwear, which was shown on the Miu Miu runway with tights underneath, retails for $5,800 per pair. Victor Virgile/Getty ImagesAnd that's not the only underwear-related trend Miu Miu started this year. At the time of writing, searching "Miu Miu undie" on TikTok results in videos with more than 1.5 million views. AdvertisementA satin pair of the famous Miu Miu ballet flats.
Persons: Lyst, Miu Miu, , Miuccia, Prada, Miuccia Prada, Miu Miu's, Kendall Jenner, Olivia Rodrigo, Amy Sussman, Emma Corrin, Miu, Victor Virgile, Edward Berthelot Organizations: Service, Lyst, Paris, Target Locations: Italian, Paris
The U.S. charges come about two months after Canada said there were "credible" allegations linking Indian agents to the murder of Sikh separatist leader Hardeep Singh Nijjar in a Vancouver suburb, in June. "The news coming out of the United States further underscores what we've been talking about from the very beginning, which is that India needs to take this seriously," Canadian Prime Minister Justin Trudeau told reporters in Ottawa. Earlier on Wednesday, Canadian Foreign Minister Melanie Joly urged India to be more forthcoming in the ongoing murder investigation. Both the United States and Canada are looking to build better ties with India to counter Chinese influence in the Indo-Pacific region, and the allegations undermine that effort. Neither New Delhi nor Ottawa looks likely to take dramatic steps to reconcile soon as Canada's murder investigation proceeds and Prime Minister Narendra Modi prepares for Indian national elections by May.
Persons: Justin Trudeau, Hardeep Singh, Melanie Joly, Nijjar, Joly, Narendra Modi, Ismail Shakil, Steve Scherer, Chizu Nomiyama, Sandra Maler Organizations: Canadian, U.S . Justice, New York City, Indian, Thomson Locations: New York, U.S, OTTAWA, Canada, India, British Columbia, The U.S, Vancouver, United States, Ottawa, Delhi
AdvertisementA member of the Indian government directed a foiled plot to assassinate a US citizen on American soil, according to a newly unsealed federal indictment. Students give final touches to paintings of US President Joe Biden, Indian Prime Minister Narendra Modi and Italian Prime Minister Giorgia Meloni at an art school in Mumbai on September 5, 2023, ahead of the two-day G20 summit in New Delhi. President Joe Biden personally raised the issue with Indian Prime Minister Narendra Modi at the G20 summit in September, according to the Financial Times. In September, Canadian Prime Minister Justin Trudeau accused India's government of being involved in the attack. Prime Minister Narendra Modi of India welcomes US President Joe Biden for the 2023 G20 Leaders' Summit in New Delhi.
Persons: , Nikhil Gupta, Gurpatwant Singh, Gupta, Pannum, Joe Biden, Narendra Modi, Giorgia Meloni, PUNIT PARANJPE, Getty Images Biden, William Burns, National Intelligence Avril Haines, Hardeep Singh Nijjar, Pannum's, Justin Trudeau, India's, Hardeep Singh, Trudeau, Dan Kitwood, Affairs didn't, GUPTA, Punnam Organizations: Justice Department, Service, Indian, Washington Post, Department, Prosecutors, Italian, Getty Images, Financial Times, CIA, National Intelligence, Justice, Financial, Canadian, of, India, White, India's Ministry, Affairs, Getty Locations: Canada, India, Manhattan, Punjab, New Delhi, New York City, California, Czech Republic, Mumbai, AFP, United States, China, Surrey, of India
Phillips 66's refining operations come under activist radar
  + stars: | 2023-11-29 | by ( ) www.reuters.com   time to read: +4 min
REFINERIES:WOOD RIVER, Roxana, Illinois, refining capacity: 356,000 barrels per day (bpd)Largest Phillips 66 refinery by operating capacity. LOS ANGELES: Carson and Wilmington, California, capacity: 139,000 bpdTwo sites linked by pipeline, producing California Air Resources Board-grade gasoline and fuel-grade petroleum coke. *SAN FRANCISCO: Santa Maria, Wilmington, California and Rodeo, Rodeo, California, capacity: 120,200 bpdPhillips 66's San Francisco operations consisted of two sites: Santa Maria refinery in Wilmington, California and Rodeo refinery in Rodeo, California. INTERNATIONAL REFINERIES:HUMBER, North Lincolnshire, United Kingdom, total throughput: 245,000 bpdProduces transportation fuels, petrochemical feedstocks, home heating oil and petroleum coke. MiRO, Karlsruhe, Germany, total throughput: 61,000 bpdProduces transportation fuels, petrochemical feedstocks, home heating oil, bitumen, and petroleum coke.
Persons: Bing Guan, refiner Phillips, Phillips, Santa, Santa Maria, Shariq Khan, Matthew Lewis Organizations: Phillips, Los, Los Angeles Refinery, REUTERS, Investment Management, Energy, Exports, California Air Resources, INTERNATIONAL, MiRO, . Energy, Thomson Locations: Los Angeles, Carson , California, U.S, Wood, Borger, Roxana , Illinois, Midcontinent, BORGER, Borger , Texas, West Texas, New Mexico , Colorado, SWEENY, Old Ocean , Texas, United States, America, LAKE CHARLES, Westlake , Louisiana, Europe, Linden , New Jersey, York, Bayway, East Coast . PONCA CITY, Ponca City , Oklahoma, ANGELES, Carson, Wilmington , California, California, California , Nevada, Arizona, FERNDALE, Ferndale , Washington, BILLINGS, Billings , Montana, Montana , Wyoming , Idaho , Utah, Colorado, Washington, Santa Maria, Rodeo , California, Francisco, HUMBER, North Lincolnshire, United Kingdom, Karlsruhe, Germany, Switzerland, France, Austria, San Francisco, Bengaluru
___The Philadelphia Eagles and San Francisco 49ers haven't let last season's postseason disappointment become a hangover in 2023. Both teams head into Sunday's rematch of last season's NFC title game with a chance to turn those recent failures into success. The Eagles are the fourth team in NFL history to win at least 10 of their first 11 games in back-to-back seasons. The Eagles and 49ers are currently the top two seeds in the NFC, setting the stage for a rare possible NFC title game rematch. It has happened five times in the AFC, including last season when the Chiefs hosted the Bengals for a second straight season.
Persons: San Francisco 49ers haven't, San Francisco, Tom Brady, Matt Canada, Randy Fichtner, ___ Organizations: NFL, Philadelphia Eagles, San Francisco 49ers, NFC, Philadelphia, Kansas, Bills, Vikings, Dolphins, Super Bowl, Dallas, Miami, Patriots, Eagles, Colts, Bears, Niners, Rams, Raiders, 49ers, AFC, Chiefs, Bengals, NFC South, Jacksonville, Tampa, New England Patriots, Indianapolis, New York Giants, Super, Buffalo Bills, Buffalo, Chargers, Pittsburgh Steelers, Cincinnati, Steelers, Cleveland, Pittsburgh Locations: Kansas City, San, Atlanta, New Orleans, Chicago, Washington, New England, Germany, Buffalo, Pittsburgh
TORONTO (AP) — Canada's government said Wednesday it reached a deal with Google for the company to contribute $100 million Canadian dollars annually to the country's news industry to comply with a new Canadian law requiring tech companies to pay publishers for their content. The agreement removes a threat by Google to block the ability to search for Canadian news on Google in Canada. Canada in late June passed the Online News Act to require tech giants to pay publishers for linking to or otherwise repurposing their content online. Kent Walker, president of global affairs at Google and Alphabet, thanked the minister in a statement and said Google would continue sending valuable traffic to Canadian publishers. In 2021, it briefly blocked news from its platform in Australia after the country passed legislation that would compel tech companies to pay publishers for using their news stories.
Persons: , Justin Trudeau, Meta, ” Pascale, Onge, , Kent Walker, Canada’s, Trudeau Organizations: TORONTO, Google, Facebook, Meta, Canadian Locations: Canada, St, Australia
"We have decided to unanimously declare unconstitutional the entire law 406 of October 20, 2023," Supreme Court President Maria Eugenia Lopez said. First Quantum acknowledged the ruling and affirmed its "unwavering commitment to regulatory compliance in all aspects of our operations within the country." Panama President Laurentino Cortizo said the country will abide by the court ruling. For First Quantum, the Panama ruling would be a repeat of its decade-old experience in the Democratic Republic Of Congo. The company exited DRC in 2012 after it filed an arbitration procedure against the African country for cancelling its mining contract.
Persons: Aris Martinez, Maria Eugenia Lopez, Quantum, Laurentino Cortizo, Morgan, Ricardo Martinelli, Leonardo Di Caprio, Elida Moreno, Valentine Hilaire, Natalia Siniawski, Denny Thomas, Chizu Nomiyama, Mark Porter Organizations: Minerals, REUTERS, PANAMA CITY, Reuters, Panama, London Metal Exchange, Central, RBC, Democratic, Natural Resources Corporation PLC, Cobre, Thomson Locations: Panama's, Panama, Panama City, PANAMA, Central American, Democratic Republic Of Congo, Hollywood, Cobre Panama
The Bank of Nova Scotia (Scotiabank) logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. It also disrupted Canada's prestigious Giller Prize Gala on Nov. 14, a literary award sponsored by Scotiabank. It claims in its petition that Scotiabank is the biggest foreign shareholder in Elbit, whose weapons were heavily used during Israel's 11-day operation in Gaza in May 2021. The email said Scotiabank was "not the biggest shareholder of Elbit, nor is it the biggest foreign shareholder of Elbit. Eko said it would not comment on the protests at Scotia branches and has not taken part in the protests.
Persons: Chris Wattie, Eko, unitholders, Angus Wong, Wong, Bezhalel Machlis, Nivedita Balu, Denny Thomas, David Gregorio Our Organizations: of Nova, REUTERS, Rights TORONTO, Bank of Nova, Elbit Systems, Scotiabank . Toronto Police, Scotiabank, Global Asset Management, Management, Vanguard Group, BlackRock Institutional Trust, Israel Ministry of Defence, Israel MOD, Thomson Locations: of Nova Scotia, Ottawa , Ontario, Canada, Bank of Nova Scotia, Israel, Elbit, Gaza, Toronto, Scotia
A sign for The Bank of Nova Scotia, operating as Scotiabank, in Toronto, Ontario, Canada December 13, 2021. The lender said earnings in the 2024 fiscal year to Oct. 31 would be impacted by "slowing economic growth across its markets and increasing regulatory capital requirements" but it would also benefit from interest-earning assets. "We expect a challenging environment will persist for consumers and businesses," Chief Risk Officer Phil Thomas told analysts, citing muted Canadian economic growth, continued inflationary pressures and uncertain prospects for rate cuts. Finance chief Raj Viswanathan said deposit and loan growth were also expected to moderate from 2023 levels, noting savings levels have started coming down in Canada with inflation at multi-year highs, leaving consumers with less cash in hand. Its efforts to streamline operations resulted in a restructuring charge of C$258 million, Scotiabank said.
Persons: Carlos Osorio, Phil Thomas, Raj Viswanathan, Mike Rizvanovic, Scott Thomson, Niket, Balu, Krishna Chandra Eluri, Tomasz Janowski Organizations: The Bank of, Scotiabank, REUTERS, Bank of Nova, Finance, Bank of Canada, Thomson Locations: The Bank of Nova Scotia, Toronto , Ontario, Canada, Bank of Nova Scotia, Bengaluru, Toronto
AI threat demands new approach to security designs -US official
  + stars: | 2023-11-27 | by ( ) www.reuters.com   time to read: +2 min
AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOTTAWA, Nov 27 (Reuters) - The potential threat posed by the rapid development of artificial intelligence (AI) means safeguards need to be built in to systems from the start rather than tacked on later, a top U.S. official said on Monday. "We've normalized a world where technology products come off the line full of vulnerabilities and then consumers are expected to patch those vulnerabilities. We can't live in that world with AI," said Jen Easterly, director of the U.S. Cybersecurity and Infrastructure Security Agency. "We have to look at security throughout the lifecycle of that AI capability," Khoury said.
Persons: Dado Ruvic, Jen, Sami Khoury, Khoury, David Ljunggren, Matthew Lewis Organizations: REUTERS, Rights OTTAWA, U.S, Cybersecurity, Infrastructure Security Agency, Canada's, Cyber Security, Thomson Locations: Ottawa, United States, British
While high interest rates have boosted the banks' lending margins, residential mortgages, auto loans and commercial real estate loans have slowed as consumers and businesses pulled back. With interest rates forecast to remain high, renewal of the mortgages will squeeze household budgets. Banks are also rethinking lending to industries sensitive to high interest rates, from condo development to office space. "We want to make sure we have some kind of confidence when a project is going to go ahead," said Victoria Girardo, Canadian Western Bank's (CWB.TO) VP in real estate lending. "That is creating liquidity issues across the real estate developer space.
Persons: Carlos Osorio, Ebrahim Poonawala, Mike Rizvanovic, Rizvanovic, Banks, Victoria Girardo, Nigel D'Souza, Nivedita Balu, Mark Porter Organizations: Bank of Montreal, REUTERS, Rights TORONTO, U.S, National Bank, Bank, Veritas Investment Research, Thomson Locations: Toronto , Ontario, Canada, Toronto
REUTERS/Blair Gable/File Photo Acquire Licensing RightsOTTAWA, Nov 27 (Reuters) - Canadian Prime Minister Justin Trudeau on Monday condemned an attack on a Jewish community center in Montreal and said antisemitic violence must stop immediately. A Molotov cocktail was thrown into the entrance of the Jewish Community Council of Montreal just after midnight on Sunday, according to the council. The attack adds to the growing cases of violence in Montreal since the start of the Gaza conflict between Israel and Hamas on Oct. 7. Earlier this month, two Jewish schools in Montreal reported that shots were fired at their entrances. "These continued acts of antisemitic violence are deplorable and unacceptable – and must stop immediately.
Persons: Justin Trudeau, Blair Gable, Molotov, Saul Emanuel, Montreal, " Trudeau, Ismail Shakil, Sandra Maler Organizations: Canada's, REUTERS, Rights OTTAWA, Canadian, Jewish Community Council of, CBC News, X, Police, Thomson Locations: Ottawa , Ontario, Canada, Montreal, Jewish Community Council of Montreal, Gaza, Israel, Toronto, Canada's, Ottawa
Explainer: What is Alberta's Sovereignty Act?
  + stars: | 2023-11-27 | by ( ) www.reuters.com   time to read: +4 min
Below are some key aspects of the act:WHAT IS THE ALBERTA SOVEREIGNTY ACT? Alberta Sovereignty Within a United Canada Act was approved by the legislature in December 2022 after the initial bill was diluted to its current form. The act affirmed that the Alberta legislature, not Smith's cabinet, would have the last word on lawmaking. The Sovereignty Act was one of the most eye-catching policies Smith promised to introduce after becoming premier last year. Former conservative premier Jason Kenney has blasted the Alberta Sovereignty Act as a "full-frontal attack on the rule of law" that risked turning Alberta into a "banana republic".
Persons: Danielle Smith, Todd Korol, Justin Trudeau's, Smith, " Smith, Trudeau, Jason Kenney, Denny Thomas, Rod, Deepa Babington, Aurora Ellis Organizations: Calgary Stampede, REUTERS, Smith's United Conservative Party, Liberal, ACT, Alberta, United, First Nations, Ottawa, federal National Energy Program, Wildrose Party, Reuters, Former, Thomson Locations: Alberta, Calgary , Alberta, Canada, ALBERTA, United Canada, Saskatchewan, Alberta . Alberta, Ottawa
View of the Cobre Panama mine, of Canadian First Quantum Minerals, in Donoso, Panama, December 6, 2022. REUTERS/Aris Martínez/File Photo Acquire Licensing RightsNov 26 (Reuters) - Eight Panama workers of Canadian miner First Quantum were injured when protesters hurled rocks at a bus transporting them, a union leader said on Sunday, as tensions flared at the company's lucrative mine in the Central American country. Workers were injured as protesters smashed the bus' glass windows when they were leaving the mine located in Panama's Cocle province, said union leader Michael Camacho. The company's local unit Minera Panama said in a statement that one worker and some contractors were attacked in a violent incident. "The affected worker is in stable condition and currently receiving medical attention and emotional support," the company statement said.
Persons: Michael Camacho, Valentine Hilaire, Elida Moreno, Josie Kao Organizations: Minerals, REUTERS, Aris, Central American, Workers, Reuters, Thomson Locations: Panama, Donoso, Panama's Cocle, Panama's
Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. “It still gives me butterflies in my stomach,” Zahn tells CNN Travel today. Ski seasonNumerous ski resorts around the world are facing the reality that in these times of climate crisis, there just isn’t enough snow to carry on. Turkey is a famous choice for beach destinations, but it’s also home to a number of under-the-radar ski resorts. With reports of chair hogs, food fights and booze guzzlers, CNN Travel asks if cruising etiquette has been lost at sea.
Persons: Love, Ilona Zahn, Ian Duncan’s, ” Zahn, Zahn, it’s, They’d, you’re, There’s Organizations: CNN, Pan, CNN Travel, Thai Airways Locations: Rome, Peter’s, Cambodia, Angkor, , Tabasco, Tehran, United States, Bangkok, New York, French, Bellagio, Italy, Turkey, States, Alaska, Istanbul, Nevada's Valley, Vegas, Fire, Prague, Loch Ness
Alberta has long been at odds with Prime Minister Justin Trudeau's Liberal government over energy policy. "We have been trying to work collaboratively with them on aligning their targets with our targets," Smith said on Saturday said on the radio program "Your Province. We have to have an affordable grid, and we're going to make sure that we defend our constitutional jurisdiction to do that." The Trudeau government's clean electricity regulations are designed to create a net-zero emissions power grid by 2035 by putting limits on when and how emitting power sources, such as Alberta's natural gas-burning plants, can be used starting in 2035. Reporting by Nivedita Balu in Toronto; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.
Persons: Danielle Smith, Justin Trudeau's, Smith, Steven Guilbeault, Trudeau, Nivedita Balu, Leslie Adler Organizations: TORONTO, Justin Trudeau's Liberal, Alberta, Canada's, United, Thomson Locations: Alberta, Province, United Canada, Toronto
How to watch WWE Survivor Series live streams from anywhereYou can use a VPN to watch Survivor Series live if you don't live in a country with cable access or streaming plans that include WWE Network events. How to watch WWE Survivor Series in the UKTNT Sports Box Office will show Survivor Series in the UK via providers Sky, Virgin Media, and BT TV. How to watch WWE Survivor Series in CanadaSurvivor Series will stream over the WWE Network via Sportsnet in Canada. How to watch WWE Survivor Series in AustraliaBinge is the primary destination for Survivor Series in Australia. WWE Survivor Series match cardHere's a schedule of all the matches taking place at Survivor Series.
Persons: showdowns, Randy Orton, Cody Rhodes, Seth Rollins, Sami Zayn, Asuka, Baily, Iyo, Bianca Belair, Charlotte Flair, Becky Lynch, We'll, Peacock, Canada's, It's, ExpressVPN, NBC Peacock, you've, Randy Orton Cody Rhodes, Finn Balor, Dominik Mysterio, JD McDonagh, Damian Priest, Drew Mcintyre, Bayley, Kairi Sane, Rhea Ripley, Zoey Stark, Gunther, Carlito, Santos Escobar Organizations: WWE Survivor, Games, Jey Uso, Damage, Survivor, WWE, WWE Network, Canada's Sportsnet, NBC, TNT, Sky, Virgin Media, BT, TNT Sports, Canada Survivor, Sportsnet, Survivor Series, Men's, Uso, Women's, Miz Locations: Chicago, United States, Australia, Canada, Shotzi
OTTAWA, Nov 24 (Reuters) - Canada's Liberal Prime Minister Justin Trudeau on Friday said his main political rival on the right was abandoning Ukraine under the influence of Donald Trump, the Republican frontrunner in next year's U.S. election. Canada's Prime Minister Justin Trudeau takes part in a climate change conference in Ottawa, Ontario, Canada October 18, 2022. The Ukrainian Canadian Congress, a lobby group, said in a statement it was disappointed Conservatives had voted against the trade agreement. On Thursday Poilievre insisted that he supported Ukraine and a free-trade deal, but "voted against Justin Trudeau forcing a carbon tax into that pre-existing agreement". One of Poilievre's main promises is to "axe" Canada's carbon tax if elected.
Persons: Justin Trudeau, Friday, Donald Trump, Pierre Poilievre, Trudeau, MAGA, Blair Gable, Poilievre, Sebastian Skamski, Trump, clobber Trudeau, Steve Scherer, Deepa Babington Organizations: OTTAWA, Liberal, Republican, Conservative, Conservative Party of Canada, Canadian Conservatives, European Union, Trump, Kyiv, Canada's, REUTERS, Ukrainian Canadian Congress, Liberals, Thomson Locations: Ukraine, U.S, Canada, Newfoundland, Ottawa , Ontario, Russia
With the Canadian economy showing signs of a slowdown, money markets are pricing in the first interest rate cuts since March 2020 as soon as April, which would bring down mortgage costs. Still, more home buyers took out fixed-rate mortgages in September compared with a year ago, eschewing variable rate mortgages where the interest rate varies based on current market rates. Since then, the central bank has raised the key interest rate to a 22-year high of 5% in July. The share of fixed rate loans among five-year and three-year mortgages rose to 68% in August compared with 32% a year ago. In the first three weeks of November, 79% of mortgage seekers in Canada opted for a fixed mortgage, said Hanif Bayat, CEO of financial data firm Wowa Leads.
Persons: you've, Macklem, Sophie Tremblay, Hanif Bayat, Wowa, Carolyn Rogers, Rogers, Ryan Sims, William Coyle, Nivedita Balu, Denny Thomas, Deepa Babington Organizations: TORONTO, Bank, Bank of Canada, Montreal, NEW, National Bank analysts, BoC, The Mortgage Group Inc, Bank of, Thomson Locations: Canada, Niagara, Huntsville, Toronto
View of the Cobre Panama mine, of Canada's First Quantum Minerals, in Donoso, Panama, December 6, 2022. REUTERS/Aris Martínez/File Photo Acquire Licensing RightsNov 24 (Reuters) - Panama's top court started deliberations on Friday to rule on several constitutional challenges to First Quantum Minerals' (FM.TO) contract for the Cobre Panama mine, an outcome keenly watched by the global copper market and investors. Cobre Panama is one of the world's biggest and newest copper mines, producing about 1% of global copper supply. "Over the long-term we've invested more than $10 billion in turning the Cobre Panama into a world-class asset," Pascall was quoted as saying. However, Panama's top court in 2017 deemed unconstitutional the law under which First Quantum was operating the mine.
Persons: Tristan Pascall, Pascall, Greta Thunberg, Leonardo Di Caprio, Quantum, Valentine Hilaire, Divya Rajagopal, Denny Thomas, Sonali Paul Organizations: Minerals, REUTERS, Aris, Reuters, First, Central, LatAm, Co, Thomson Locations: Panama, Donoso, Central American, Jiangxi
In their main habitat the population density of Mexican axolotls (ah-ho-LOH'-tulz) has plummeted 99.5% in under two decades, according to scientists behind the fundraiser. Still, there are not enough resources for thorough research, said Alejandro Calzada, an ecologist surveying less well-known species of axolotls for the government's environment department. A more recent international study found less than a thousand Mexican axolotls left in the wild. In the past, government conservation programs have largely focused on the most popular species: the Mexican axolotl, found in Xochimilco. But other species can be found across the country, from tiny streams in the valley of Mexico to the northern Sonora desert.
Persons: , Alejandro Calzada, Calzada, Luis Zambrano González, Zambrano, Andrés Manuel López Obrador Organizations: MEXICO CITY, Mexico's National Autonomous, National Autonomous, Associated Press Locations: MEXICO, Mexican, Xochimilco, Mexico City, axolotl, Mexico, Sonora, Europe, Australia
The expansion of the Canadian government-owned Trans Mountain oil pipeline advanced to a new construction stage, in Acheson, Alberta, Canada December 3, 2019. REUTERS/Candace Elliott/File Photo Acquire Licensing RightsNov 24 (Reuters) - The Canada Energy Regulator (CER) has ordered the company building the Trans Mountain oil pipeline expansion (TMX) to appear at an oral hearing on Monday, as the regulator weighs whether to approve a variance request from the project. Trans Mountain had asked the regulator to make a decision on the variance request by Nov. 30 to "advance the timely completion" of the expansion project. In September, the CER approved a route deviation request from TMX for a section of pipeline near Kamloops, despite opposition from local Indigenous groups. The CER said no other parties had expressed concern about TMX's latest variance request.
Persons: Candace Elliott, TMX, Nia Williams, Mark Porter, Leslie Adler Organizations: Canadian, REUTERS, Canada Energy Regulator, Trans Mountain Corp, Thomson Locations: Acheson , Alberta, Canada, Hope, Chilliwack, British Columbia, Calgary, Alberta, Coast, Abbotsford, TMX, Kamloops
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