By Brendan O’Brien CHICAGO (Reuters) -Murky, dull skies loomed over tens of millions of Americans on Thursday as smoke from prolonged Canadian wildfires drifted across the Midwest and East, causing unhealthy and, in some spots, dangerous conditions. Air-quality alerts were in effect until midnight for a swath of the United States that extended from Wisconsin…
By Fergal Smith and Steve Scherer TORONTO (Reuters) – The Bank of Canada’s move to come off the sidelines after a five-month pause has sent a signal that some economic pain will be needed to tame stubborn inflation, leading investors to raise bets on a hard landing for the economy. The central bank is worried…
(Reuters) -Pot producer Canopy Growth said on Thursday it has completed the sale of its facility in Modesto, California as part of its divestitures to raise funding amid liquidity concerns. The sale, the fifth such deal since April 1, is part of Canopy’s ongoing efforts to improve liquidity by reining in costs through layoffs, exits…
By Steve Scherer OTTAWA (Reuters) – Canada is expected to boost military spending after a government review next month, but the increase is unlikely to comfort allies facing new threats and it could further undermine the country’s international military credibility, policy analysts said. Canada’s lagging military investments are well known, but threats have grown more…
By Ismail Shakil and Steve Gorman OTTAWA (Reuters) -Presumed human remains and debris from the tourist submersible crushed to pieces in an undersea implosion that killed all five people aboard were recovered from the ocean bottom and brought ashore to Canada on Wednesday, the U.S. Coast Guard said. The possible remains and shattered bits of…
(Reuters) – BlackBerry posted a surprise profit for the first quarter on Wednesday as its cybersecurity business benefited from higher client spending, while its enterprise software continued to gain traction in automotive sector. U.S.-listed shares of the company rose 5.79% in extended trading. The Canadian technology company is banking on resilient demand for its cybersecurity…
By Jack Queen (Reuters) – The Canadian Broadcasting Corporation (CBC) must face a defamation lawsuit by a U.S. charity alleging the publicly funded news outlet repeatedly aired false claims that it deceived its donors, a Washington, D.C., federal judge has ruled. U.S. District Judge Randolph D. Moss on Tuesday rejected the CBC’s bid to dismiss…
(Reuters) -United Parcel Service said on Wednesday it is working with law officials and outside experts following reports of phishing messages that were sent via text messages to certain shippers and their customers in Canada. The package delivery company did not disclose the number of customers and shippers impacted. “Law enforcement has indicated that there…
(Reuters) – OPEC has withheld media access to reporters from Reuters, Bloomberg and the Wall Street Journal to cover a meeting of oil industry CEOs with energy ministers from OPEC and its allies, reporters and several people familiar with the matter said on Wednesday. The three media organizations are among the world’s leading suppliers of…
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar index rose on Wednesday following comments from a host of global central bank leaders, including Federal Reserve Chair Jerome Powell, who did not rule out the possibility of another rate hike by the Fed at its next meeting in July. Powell, speaking at a European Central…
