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☆ For an N.B.A. Star, a Dream House Became a Nightmare
▼ + stars: | 2023-11-15 | by ( Ian Austen | More About Ian Austen | ) www.nytimes.com time to read: +1 min

The six bedroom, 10,000 square-foot house on Lake Ontario that Shai Gilgeous-Alexander, a star player with the Oklahoma City Thunder, bought for just over 8.4 million Canadian dollars, or $6.1 million, should have been a dream home. But in May, two days after Mr. Gilgeous-Alexander, 25, moved into the house, near Toronto, with his partner, it became a nightmare, according to a lawsuit seeking to nullify the sale. A menacing visitor appeared looking for a previous occupant. player’s house, described in the real estate listing as an “elegant, resort-like estate,” had been the home of Aiden Pleterski, a self-styled “crypto king” who declared bankruptcy in 2022, while owing just under 13 million Canadian dollars to more than 150 investment clients. Court records show that the home received a steady stream of angry visitors seeking to talk to Mr. Pleterski while he was living there and after he moved out.

Persons: Shai Gilgeous, Alexander, Gilgeous, haven’t, ”, Aiden Pleterski, Pleterski Organizations: Oklahoma City Thunder Locations: Lake Ontario, Toronto

☆ What Long-Term Care Looks Like Around the World
▼ + stars: | 2023-11-14 | by ( Jordan Rau | ) www.nytimes.com time to read: +4 min

Provinces and territories fund long-term care services through general tax revenue. Notably, Canada’s long-term care system is separate from its national health care system, which pays for hospitals and doctors with no out-of-pocket costs to patients. on long-term care, 80 percent more than the United States spent. Britain has also taken steps to shield people from losing all of their wealth to pay for long-term care. Singapore recently instituted a system of mandatory long-term care insurance for those born in 1980 or later.

Persons: D.P., 🇸 🇬, ove, —, Kath l Organizations: Uni, pla, Citi, emi Locations: D. data, nis

Experts say Trudeau's carbon pricing scheme, known as the carbon tax, works well and cannot be easily replaced. Even the left-leaning New Democrats, who support Trudeau's government in parliament and have previously defended the carbon tax, are calling for the exemption. Analysts said the carbon tax carve-out is another example of inconsistent policy. CARBON TAX REBATEThe carbon tax is intended to discourage use of fossil fuels and accelerate a switch to clean energy, but the recent carve-out underlines how fragile climate policy is in the face of pressing political calculations. In September, Bank of Canada governor Tiff Macklem said the carbon tax contributes about 0.15 percentage points to the inflation rate, which was 3.8% that month.

Persons: Justin Trudeau, Jessica Lee, Richard Brooks, Brooke, Brooks, Chris Severson, Baker, Pierre Poilievre, clobber Trudeau, Shachi Kurl, Angus Reid, Kurl, Jonathan Wilkinson, Wilkinson, Macklem, Trudeau, Robert Asselin, Asselin, Nia Williams, Steve Scherer, Josie Kao Organizations: Canada's, Ontario Chamber, Economic Summit, REUTERS, Rights Ottawa, Canadian, Provincial, New Democrats, Pembina Institute, Liberal, Conservative, Angus Reid Institute, Atlantic, Natural Resources, Reuters, Bank of Canada, Business Council of Canada, The Business Council, Thomson Locations: Toronto , Ontario, Canada, Ottawa

☆ NBA roundup: Pascal Siakam's late shot pushes Raptors past Wizards
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +3 min

[1/4] Nov 13, 2023; Toronto, Ontario, CAN; Toronto Raptors forward Pascal Siakam (43) scores against the Washington Wizards during the third quarter at Scotiabank Arena. Scottie Barnes added 19 points and nine rebounds for Toronto, Jakob Poeltl scored 13 points and Precious Achiuwa had 10. The Wizards led by as many as 23 points early in the third quarter. Khris Middleton added 13 points while Damian Lillard scored 12 despite shooting 3-for-17 from the fieldNikola Vucevic led the way for the Bulls with 26 points, 12 rebounds and five assists. Evan Mobley added 16 points and 12 rebounds for Cleveland, which has alternated losses and wins for seven games.

Persons: Pascal Siakam, Nick Turchiaro, Siakam, Scottie Barnes, Jakob Poeltl, Precious Achiuwa, Kyle Kuzma, Daniel Gafford, Jordan Poole, Jayson Tatum, Tatum, Jalen Brunson, Julius Randle, Josh Hart, Quentin Grimes, Giannis Antetokounmpo, Bobby Portis, Khris Middleton, Damian Lillard, Nikola Vucevic, Zach LaVine, DeMar DeRozan, Domantas Sabonis, Fox, Sabonis, Keegan Murray, Kevin Huerter, Donovan Mitchell, Evan Mobley Organizations: CAN, Toronto Raptors, Washington Wizards, Scotiabank Arena, Raptors, Toronto, Wizards, Washington, The, Celtics, Knicks, Boston, Bucks, Bulls, Milwaukee, Chicago, Cavaliers, Fox, Sacramento, Cleveland, Thomson Locations: Toronto , Ontario, New York, Sacramento

REUTERS/Chris Helgren Acquire Licensing RightsNov 13 (Reuters) - Canada's Sun Life Financial (SLF.TO) on Monday reported better-than-expected quarterly profits, helped by growth at its wealth and asset management unit and higher fees. The insurer, however, reported a fall in underlying earnings hurt by weakness in the United States and fewer sales of personal health insurance. "The dental business reported middling results this quarter... short-term volatility is a part of this business, from a long-term perspective, the investment should be positive," Morningstar analyst Suryansh Sharma said. Sun Life said underlying earnings from its U.S. segment were down 19%. Underlying net income from wealth and asset management rose 9% to C$457 million.

Persons: Chris Helgren, Sunlife, Suryansh Sharma, Pritam Biswas, Shilpi Majumdar, Shounak Dasgupta, Lincoln Organizations: Sun, REUTERS, Morningstar, DentaQuest, Thomson Locations: Toronto , Ontario, Canada, United States, DentaQuest, U.S, Asia, Bengaluru

☆ Former Canadian fashion mogul Peter Nygard guilty of four counts of sexual assault, CBC reports
▼ + stars: | 2023-11-12 | by ( ) www.reuters.com time to read: +2 min

The name of fashion executive and designer Peter Nygard is illuminated on a flagship store he once owned in Winnipeg, Manitoba, Canada December 15, 2020. REUTERS/Shannon VanRaes Acquire Licensing RightsNov 12 (Reuters) - Former Canadian fashion mogul Peter Nygard was found guilty of four counts of sexual assault by a Toronto jury on Sunday, according to CBC News. Nygard, 82, was on trial in the Ontario Superior Court for five counts of sexual assault and one count of forcible confinement charges linked to incidents between the 1980s and mid-2000s. He was acquitted of a fifth count of sexual assault and one count of forcible confinement. Nygard also faces charges of sexual assault and forcible confinement in Manitoba and Quebec.

Persons: Peter Nygard, Shannon VanRaes, Nygard, gratify, Nia Williams, Ismail Shakil, Andrea Ricci, Lisa Shumaker Organizations: REUTERS, CBC News, Ontario Superior Court, Canadian, Toronto, Thomson Locations: Winnipeg , Manitoba, Canada, Canadian, Toronto, Ontario, United States, Manitoba, Quebec, New York, Finland

Steam feeding into the Unit 3 turbine generator of the Vogtle nuclear power plant in Waynesboro, Ga. “The United States is now committed to trying to accelerate the deployment of nuclear energy,” John Kerry, President Biden’s climate envoy, said in September. One recent Pew survey found that 57 percent of Americans favor more nuclear plants, up from 43 percent in 2016. A NuScale engineer gave a tour of a control room simulator, modeling the company’s plans for new nuclear reactors, in 2013. “The demand for clean energy is almost unprecedented,” said Maria Korsnick, president of the Nuclear Energy Institute, an industry group.

Persons: Biden, ” John Kerry, Biden’s, “, ”, Jacopo Buongiorno, Jimmy Carter, Rosalyn Carter, Bruce Springsteen, Dan Reicher, Gavin Newsom, Reicher, Clinton, Jeffrey Collins, Arnie Gundersen, John Williams, “ It’s, Patty Durand, Julie Kozeracki, Kendrick Brinson, Jay Wileman, Bill Gates, Dow, Roger Blomquist, NuScale Power, Jose Reyes, Adam Stein, it’s, they’re, Ahmed Abdulla, Robert Taylor, Leah Nash, NuScale, David Schlissel, Joshua Freed, didn’t, Maria Korsnick Organizations: Unit, Republicans, Nuclear Regulatory Commission, Massachusetts Institute of Technology, Associated Press, Madison, Natural Resources Defense, California Gov, Democrat, Associated, Fairewinds Associates, Components, Workers, Georgia, Southern Company, Georgia Power, Georgia Public Service Commission, Energy Department, The New York Times, GE, Hitachi Nuclear Energy, Vogtle . Ontario, Tennessee Valley Authority, Argonne, National Laboratory, Energy, Nuclear Regulatory, NuScale, ”, Breakthrough Institute, Carleton University, Soaring, Institute for Energy Economics, United, Nuclear Energy Institute Locations: U.S, Waynesboro, Ga, Savannah, Georgia, United States, ”, Pennsylvania, Texas, Virginia, Jenkinsville, Vogtle, South Carolina, South, Canada, Tennessee, Argonne, Chicago, Idaho, Wyoming, California, Alaska, Maryland, Pueblo County, Colo

☆ NHL roundup: William Nylander extends streak, Leafs edge Flames
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +4 min

[1/5] Nov 10, 2023; Toronto, Ontario, CAN; Toronto Maple Leafs forward Max Domi (11) goes after a loose puck against the Calgary Flames during the third period at Scotiabank Arena. William Nylander scored twice and had an assist for Toronto to extend his points streak to 14 games -- a team record to open a season. Calle Jarnkrok and John Tavares also scored for the Maple Leafs, who had lost five of their previous six games (1-3-2). Connor Zary, Nikita Zadorov, A.J, Greer and Martin Pospisil scored for the Flames, who had won their two previous games after losing six straight. Panthers 5 Hurricanes 2Rookie defenseman Uvis Balinskis scored his first NHL goal, leading host Florida over Carolina in Sunrise.

Persons: Max Domi, John E, William Nylander, Calle Jarnkrok, John Tavares, Joseph Woll, Connor Zary, Nikita Zadorov, Greer, Martin Pospisil, Dan Vladar, Alec Martinez, Adin Hill, Alex Pietrangelo, William Karlsson, Brett Howden, San Jose, Michael Amadio, Kaapo Kahkonen, Owen Tippett, Travis Sanheim, Cam Atkinson, Sean Couturier, Louie Belpedio, Sam Ersson, Joel Farabee, Leo Carlsson, Uvis Balinskis, Matthew Tkachuk, Carter Verhaeghe, Aleksander Barkov, Kevin Stenlund, Sam Reinhart, Sergei Bobrovsky, Devon Levi, Jeff Skinner, JJ Peterka, Levi, Skinner, Filip Gustavsson, Evgeny Kuznetsov, Nicolas Aube, Beck Malenstyn, Tom Wilson, Charlie Lindgren, Timo Meier, Dawson Mercer, Vitek Vanecek, Akira Schmid Organizations: CAN, Toronto Maple Leafs, Calgary Flames, Scotiabank Arena, Calle, Maple Leafs, Toronto, Flames, Golden Knights, Sharks, Vegas, San, Flyers, Ducks, Philadelphia, Panthers, Hurricanes, NHL, Eastern, Devon, Buffalo, Minnesota, Sabres, Capitals, Devils, Thomson Locations: Toronto , Ontario, Toronto, A.J, San Jose, Las Vegas, Anaheim, Florida, Carolina, Sunrise, Washington, New Jersey, Newark, Nicolas, Kubel

☆ Citigroup resumes retail banking sale in Poland - Bank Handlowy CEO
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +1 min

The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren Acquire Licensing RightsGDANSK, Nov 10 (Reuters) - Citigroup has resumed the process of selling the retail business of Bank Handlowy (BHW.WA) in Poland, Bank Handlowy CEO Elzbieta Czetwertynska said on Friday, adding that talks with interested investors may begin in the next few months. "Citi has resumed the process of selling its retail banking business of Bank Handlowy in Poland ... I expect that talks with interested entities will begin in the coming months," she said during press conference. The plan was first mooted by Citigroup, majority shareholder of Bank Handlowy (BHW.WA), in 2021.

Persons: Chris Helgren, Elzbieta Czetwertynska, Marta Maciag, Alison Williams Organizations: Citigroup Inc, Citi, REUTERS, Citigroup, Bank, Thomson Locations: Toronto , Ontario, Canada, GDANSK, Poland, Bank Handlowy

[1/4] Taiwan's President Tsai Ing-wen poses for a photo with Taiwan's APEC representative and TSMC founder Morris Chang at a press conference in Taipei, Taiwan November 10, 2023. REUTERS/Ann Wang Acquire Licensing RightsTAIPEI, Nov 10 (Reuters) - Taiwan will stress the importance of peace in the region at next week's APEC summit, President Tsai Ing-wen said on Friday, one of the few international bodies both Taiwan and China are members of and where their officials meet. The 21-member Asia-Pacific Economic Cooperation (APEC) forum will meet in San Francisco for the 30th APEC summit, the first hosted by the United States since 2011. Neither the president nor Chang, representing Tsai for the sixth time at an APEC summit, took questions. Chang, 92, had a brief chat with Xi at last year's APEC summit in Bangkok, a rare high-level interaction.

Persons: Tsai Ing, Morris Chang, Ann Wang, Tsai, Chang, Xi, Sarah Wu, Ben Blanchard, Stephen Coates Organizations: Taiwan's APEC, REUTERS, Rights, APEC, Economic Cooperation, TSMC, Thomson Locations: Taipei, Taiwan, Rights TAIPEI, China, Asia, San Francisco, United States, Beijing, pleasantries, Chang, Bangkok

☆ Canadian Tire lays off 3% of full-time employees, misses profit estimates
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

The Canadian Tire logo is seen in Ottawa, Ontario, Canada, February 14, 2019. REUTERS/Chris Wattie/File Photo/File Photo Acquire Licensing RightsNov 9 (Reuters) - Canadian Tire (CTCa.TO) said on Thursday it had laid off 3% of its full-time employees, in an effort to lower costs amid slowing demand due to persisting inflation. Canadian Tire said it expects an annualized run-rate savings of about C$50 million ($36.31 million) as a result of the headcount reduction. Canadian Tire, whose shares were down 2% in afternoon trading, reported adjusted profit of C$2.96 per share, below LSEG estimates of C$3.29 per share. It, however, beat third-quarter revenue expectations, as well as announced an additional C$200.0 million share repurchase program.

Persons: Chris Wattie, Granth, Shilpi Majumdar Organizations: Canadian, REUTERS, Canadian Tire, Thomson Locations: Ottawa , Ontario, Canada, Toronto, Bengaluru

☆ Canopy Growth's second-quarter core loss narrows on easing costs
▼ + stars: | 2023-11-09 | by ( Sourasis Bose | ) www.reuters.com time to read: +2 min

A sign featuring Canopy Growth Corporation's logo is pictured at their facility in Smiths Falls, Ontario, Canada, January 4, 2018 .Picture taken January 4, 2018. REUTERS/Chris Wattie/File Photo Acquire Licensing RightsNov 9 (Reuters) - Pot producer Canopy Growth (WEED.TO) reported a smaller second-quarter adjusted core loss on Thursday on the back of cost cuts. Canopy Growth said it cut another C$54 million in costs during the reported quarter. The company's adjusted core loss narrowed to C$11.9 million ($8.62 million) for the three months ended Sept. 30, compared with a loss of C$56.4 million a year earlier. Canopy Growth's net revenue fell 21% to C$69.6 million in the quarter as the company exited its retail Canadian business.

Persons: Chris Wattie, Judy Hong, Sourasis Bose, Shounak Dasgupta Organizations: REUTERS, U.S . Securities, Exchange, Holdings, Wana, Thomson Locations: Smiths Falls , Ontario, Canada, United States, Bengaluru

Actors secured these new safeguards as part of a deal announced late on Wednesday, according to Duncan Crabtree-Ireland, chief negotiator for the SAG-AFTRA actors union. The proposed agreement sets a minimum compensation level for AI uses, Crabtree-Ireland said. Crabtree-Ireland said the proposed contract also included safeguards around the use of generative AI to create synthetic actors. "They are being ultra cautious," said Scott Mann, co-CEO and founder of Flawless, a company that uses AI for film dubbing and editing. Film and television writers also won protections around AI use after a five-month-long strike by the Writers Guild of America this year.

Persons: Duncan Crabtree, Carlos Osorio, Crabtree, Walt Disney, Scott Mann, Dawn Chmielewski, Lisa Richwine, Mary Milliken, Bill Berkrot Organizations: National, SAG, The, Toronto, Film, REUTERS, Actors, Reuters, Alliance, Television Producers, Walt, Warner Bros Discovery, Netflix, Technology, Writers Guild of America, Thomson Locations: Ireland, Toronto , Ontario, Canada, Crabtree, Hollywood, Los Angeles

☆ Bank of Canada: era of very low rates is likely over, people and firms must adjust
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

Senior Deputy Governor of the Bank of Canada Carolyn Rogers takes part in a news conference, announcing an interest rate decision in Ottawa, Ontario, Canada January 25, 2023. Rogers said she wanted "to stress the importance of adjusting proactively to a future where interest rates may be higher than they've been over the past 15 years". The bank increased rates 10 times between March 2022 and this July to tame inflation that peaked at more than 8% last year. However, economists expect the central bank to start easing interest rates as soon as April and money markets see them coming down around mid-year. (Reporting by Steve Scherer, editing by David Ljunggren)((Reuters Ottawa bureau, david.ljunggren@tr.com))Keywords: CANADA CENBANK/Our Standards: The Thomson Reuters Trust Principles.

Persons: Bank of Canada Carolyn Rogers, Blair Gable, Steve Scherer, David Ljunggren OTTAWA, Carolyn Rogers, Advocis, Rogers, they've, David Ljunggren Organizations: Bank of Canada, REUTERS, Reuters, Thomson Locations: Ottawa , Ontario, Canada, Ukraine, Israel, Advocis Vancouver, West Coast, Reuters Ottawa

☆ Some Bank of Canada governors saw likely need for higher rates - minutes
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +3 min

Governor of the Bank of Canada Tiff Macklem walks outside the Bank of Canada building in Ottawa, Ontario, Canada June 22, 2020. "Some members felt that it was more likely than not that the policy rate would need to increase further to return inflation to target," the minutes read. The minutes went on to say that the council decided to be "patient" and leave rates on hold. "They agreed to revisit the need for a higher policy rate at future decisions with the benefit of more information," the minutes said. The bank increased rates 10 times between March 2022 and this July, with inflation peaking at more than 8% last year.

Persons: Blair Gable, Steve Scherer, David Ljunggren OTTAWA, Macklem, David Ljunggren Organizations: Bank of Canada, REUTERS, Bank of Canada's, BoC, CBC, Reuters, Thomson Locations: Ottawa , Ontario, Canada, Reuters Ottawa

REUTERS/Chris Helgren Acquire Licensing RightsNEW YORK, Nov 8 (Reuters) - Citigroup Inc (C.N) has agreed to pay $25.9 million to settle U.S. Consumer Financial Protection Bureau (CFPB) charges it intentionally discriminated against credit card applicants who the bank identified as Armenian-American based on their last names. The CFPB also said bank employees lied to applicants by giving them fake reasons for denials, and were instructed not to discuss the discrimination in writing or over the phone. According to a consent order, some employees referred to card applicants they suspected were of Armenian descent as "Armenian bad guys" or the "Southern California Armenian Mafia." The payment includes a $24.5 million civil fine and $1.4 million of restitution to card applicants, for violations of the federal Equal Credit Opportunity Act. Citigroup apologized, saying it had been trying to thwart an Armenian fraud ring in California but that a "small number" of employees circumvented its fraud detection protocols.

Persons: Chris Helgren, Rohit Chopra, Chopra, Biden, Jonathan Stempel, Tatiana Bautzer, Douglas Gillison, Chizu Nomiyama, Mark Potter Organizations: Citigroup Inc, Citi, REUTERS, Consumer Financial Protection Bureau, Citigroup, Southern California Armenian Mafia, Credit, Act, Thomson Locations: Toronto , Ontario, Canada, Glendale , California, Armenia, United States, Southern California, California, York, New York, Washington

Last year, Taiwan's chip industry generated T$4.837 trillion ($150.27 billion) in revenue, nearly half of which came from TSMC, compared with Taiwan's GDP of T$22.667 trillion ($704.21 billion). "Taiwan's limited land and limited energy have always created a lot of pressure," GlobalWafers (6488.TWO) CEO Doris Hsu told reporters. 'FIVE SHORTAGES'The chip industry has long complained about Taiwan's "five shortages": land, water, energy, labour, and talent. Taiwan's government - determined to keep its crown jewel's most advanced technology at home - has said it will provide alternative options. The Longtan expansion had proposed acquiring 159 more hectares in the north, where TSMC and many chip companies are based.

Persons: Wei Hsin, Carlos Garcia Rawlins, Taiwan's, Wang Mei, TSMC, Doris Hsu, Hsu Shih, Rich, Chen Ting, Chen, Liao Chen, Cliff Hou, Isaiah, Lucy Chen, Chen Chi, Sarah Wu, Yimou Lee, Ben Blanchard, Gerry Doyle Organizations: REUTERS, Rights, Taiwan Semiconductor Manufacturing Co, Taiwan's, National Chengchi University, Hsinchu Science Park, Reuters, Residents, TMSC's, Thomson Locations: Longtan, Taoyuan, Taiwan, Rights HSINCHU, LONGTAN, Hsinchu, United States, Japan, Germany, TSMC, Belgium, Arizona, Kaohsiung

☆ Twilio forecasts fourth-quarter profit above estimates on active customer accounts growth
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +1 min

The logo of communication company Twilio is displayed at the Collision conference in Toronto, Ontario, Canada June 23, 2022. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsNov 8 (Reuters) - Cloud service provider Twilio (TWLO.N) on Wednesday forecast fourth-quarter profit above Wall Street estimates on an increase in its active customer accounts. San Francisco-based Twilio expects fourth-quarter adjusted profit between $0.53 per share and $0.57 per share, compared with analysts' estimates of $0.36, according to LSEG data. The company's active customer accounts in the third quarter rose to 306,000 from 280,000 a year earlier. On an adjusted basis, Twilio earned $0.58 per share, compared with estimates of $0.35 per share.

Persons: Chris Helgren, Twilio, Tanya Jain, Shounak Dasgupta Organizations: REUTERS, Wall, Thomson Locations: Toronto , Ontario, Canada, San Francisco, Bengaluru

☆ Canada's emission cuts unlikely to hit 2030 target, auditor general says
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Carlos Osorio/File Photo Acquire Licensing RightsOTTAWA, Nov 7 (Reuters) - Canada's emissions reduction plan is flawed and will not reach the target of cutting greenhouse gas output by 40% to 45% below the 2005 level by 2030, the country's auditor general said on Tuesday. Falling short of the minimum 40% target for 2030 would mean Canada missing its commitment under the United Nations' Paris Agreement on climate change. Ottawa's plan is insufficient because key measures needed to meet the 2030 target were delayed or not prioritized, the office of the auditor general said in a statement. Canada has missed every emissions reduction target it has ever set. DeMarco said the government could still meet its 2030 target "with drive, focus, and leadership".

Persons: Justin Trudeau, Carlos Osorio, Jerry, Steven Guilbeault, Guilbeault, DeMarco, Ismail Shakil, David Ljunggren, Steve Scherer, David Evans, Deepa Babington Organizations: Billy Bishop Airport, Canada's, interprovincial, REUTERS, Rights OTTAWA, United Nations, Environment, Sustainable, Thomson Locations: Toronto , Ontario, Canada, Ottawa

☆ Their Final Wish? A Burial in Space.
▼ + stars: | 2023-11-07 | by ( Dina Litovsky | Jon Mooallem | ) www.nytimes.com time to read: +1 min

The Starship Enterprise — in addition to all its flashy, futuristic technology — was peaceful, too: an environment of sleek, clean lines. “It was very orderly and logical,” she says, “and I’m a total, total logical thinker — which can be a problem, sometimes, if you don’t have any gray. Mansfield understood that’s where adventures happened. She loves the water just as much, loves to water ski and swim. I think I’m afraid of the dark.” Sending your ashes and DNA into deep space involves a tremendous amount of darkness, too, Mansfield concedes.

Persons: “, ”, Mansfield, It’s Organizations: “ Locations: I’m, Ontario’s, Toronto

☆ Unifor members ratify new contract with Stellantis in Canada
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsNov 6 (Reuters) - Canadian labor union Unifor said on Monday its members voted in favor of a new contract with Chrysler-parent Stellantis (STLAM.MI). Unifor reached a tentative deal with Stellantis on Oct. 30 after a brief strike at the Franco-Italian automaker's facilities in Canada. The agreement was ratified after positive votes from members at Stellantis facilities in Windsor, Brampton, Etobicoke, Mississauga and Red Deer. Unifor used the "pattern bargaining" approach in its talks with the automakers, reaching a deal first with Ford (F.N) and General Motors (GM.N). Meanwhile, more-than-a-month old strike by the United Auto Workers (UAW) union against the Detroit Three automakers in the United States also ended in October.

Persons: Gonzalo Fuentes, Unifor, Stellantis, Aishwarya Jain, Shivansh, Shounak Dasgupta Organizations: REUTERS, Chrysler, Stellantis, Franco, Detroit Three, Dodge, Ford, General Motors, United Auto Workers, UAW, Thomson Locations: Saint, Yvelines, Paris, France, Italian, Canada, Windsor , Brampton, Etobicoke, Mississauga, Red Deer, Brampton, Ontario, United States, Bengaluru

☆ Urban golf courses are making housing more expensive and parks harder to access — and taxpayers are footing the bill
▼ + stars: | 2023-11-05 | by ( Eliza Relman | ) www.businessinsider.com time to read: +11 min

Many states subsidize golf courses with low property taxes, so non-golfers are footing the bill. David Madison/Getty ImagesUrban golf courses also cost taxpayers — even those who don't play — a lot of money. Proponents of retrofitting courses note that reducing the number of golf courses would help boost revenue for courses that do survive. "But then on the flip side, we have these public golf courses that are just these almost vacuous spaces that are quite underutilized." He noted that projects that just involve turning golf courses into parks are often most palatable to neighbors.

Persons: —, they'd, Franciscans who'd, Zach Klein, VDERHLrowD, David Madison, it's, Malcolm Gladwell, Scottie Scheffler, Richard Heathcote, Mitchell Reardon, htpq6Uqx8q — Cork Gaines, Ray Delahanty, Jennifer Keesmaat, Keesmaat, Don, RENE JOHNSTON, Charlie McCabe, he's, Former California Assemblymember Cristina Garcia, McCabe, Reardon Organizations: Urban, Service, Franciscans, Olympic, Getty, Los Angeles Country Club, United, 123rd U.S, YouTube, Center, City, Trust, Public, Denver, Council, Democrat Locations: Presidio, U.S, San Francisco , California, California, San Francisco's, Golden, Beverly Hills, United States, Los Angeles , California, Cities, Florida, Toronto, haven't, Don Valley, Toronto , Ontario, New Orleans, Former California, Los Angeles County

☆ Bank of Canada voices concerns about variable rate mortgage products -Bloomberg News
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +2 min

Senior Deputy Governor of the Bank of Canada Carolyn Rogers takes part in a press conference in Ottawa, Ontario, Canada October 25, 2023. REUTERS/Patrick Doyle/File Photo Acquire Licensing RightsNov 3 (Reuters) - The Bank of Canada has urged banks to reconsider offering variable rate mortgages with fixed payments, concerned about the number of borrowers faced with negative amortization of their loans. “I think you’ll see the industry reflect on how much they want to offer that product,” she addedMany variable rate mortgages in Canada require borrowers to make regular payments in fixed amounts. You don’t want a big portfolio of negative amortizing mortgages," Rogers said. Money markets see little chance of further tightening by the BoC and have moved to price in a rate cut by June.

Persons: Bank of Canada Carolyn Rogers, Patrick Doyle, ”, Carolyn Rogers, “, Rogers, Fergal Smith, Gursimran Kaur, Chris Reese, Leslie Adler Organizations: Bank of Canada, REUTERS, Bloomberg News, BoC, Thomson Locations: Ottawa , Ontario, Canada, Toronto, Bengaluru

The Bank of Nova Scotia (Scotiabank) logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. REUTERS/Chris Wattie Acquire Licensing RightsTORONTO, Nov 3 (Reuters) - The chief operating officer of Bank of Nova Scotia's (BNS.TO) Canadian banking unit, Kevin Teslyk, has left the company, according to an internal memo seen by Reuters, the latest in a series of management changes under CEO Scott Thomson. James Neate, president of corporate and investment banking and Shawn Rose, chief technology officer have also left Scotiabank, the memo said. Canadian banks, including Royal Bank of Canada (RY.TO), Bank of Montreal (BMO.TO), have announced job cuts due to higher costs forcing. Neate, who has held senior executive roles in retail banking, commercial banking and wealth management, among others, will leave the bank at the end of December, according to the memo.

Persons: Chris Wattie, Kevin Teslyk, Scott Thomson, James Neate, Shawn Rose, Aris Bogdaneris, Dan Rees, Thomson, Mike Rizvanovic, Rose, Nivedita Balu, Kirsten Donovan, Louise Heavens Organizations: of Nova, REUTERS, Rights TORONTO, Bank of Nova, Reuters, Scotiabank, ING Group, Aris, Scotia, Royal Bank of Canada, Bank of Montreal, Thomson Locations: of Nova Scotia, Ottawa , Ontario, Canada, California, Toronto

☆ Canada adds fewer jobs than expected in October, jobless rate rises
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +2 min

A help wanted sign hangs in a bar window along Queen Street West in Toronto Ontario, Canada June 10, 2022. REUTERS/Carlos Osorio/File Photo Acquire Licensing RightsOTTAWA, Nov 3 (Reuters) - The Canadian economy added a net 17,500 jobs in October, fewer than expected, while the jobless rate edged up to a 21-month high of 5.7%, Statistics Canada data showed on Friday. Analysts polled by Reuters had forecast a net gain of 22,500 jobs and for the unemployment rate to tick up to 5.6% from 5.5% in September. The unemployment rate has risen four times in the past six months, and is now at the highest level since 6.5% in Jan 2022. The services sector gained 10,000 jobs, led by information, culture and recreation as well as health care and social assistance.

Persons: Carlos Osorio, Ismail Shakil, Dale Smith Organizations: Queen, West, REUTERS, Rights OTTAWA, Statistics, Reuters, Bank of Canada, Thomson Locations: Toronto Ontario, Canada, Statistics Canada, Ottawa

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