Canadian aircraft detects underwater noises in search for Titanic sub-coast guard

(Reuters) – A Canadian aircraft detected underwater noises in the search area for a missing tourist submersible that vanished while taking passengers on a voyage to the wreck of the Titanic in deep waters off Canada’s coast, the U.S. Coast guard said. Remotely operated vehicles (ROVs) were relocated to explore the origin of the noises…

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Dollar firms amid supportive U.S. data; Swedish crown, Aussie slide

(Refiles to add dropped day in paragraph 1) By Saqib Iqbal Ahmed and Samuel Indyk NEW YORK (Reuters) -The U.S. dollar edged higher against the euro on Tuesday after data showed U.S. housing starts surged and as traders awaited Federal Reserve Chair Jerome Powell’s congressional testimony later this week for clues to the outlook for…

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Canada retools inflation baskets, more focus on food, gas prices

By David Ljunggren OTTAWA (Reuters) – Canada’s national statistics agency on Tuesday revealed new weights for the basket of goods and services in its Consumer Price Index, giving more prominence to changes in the prices of food and gasoline. The reweighting, which Statistics Canada carries out every year, has historically had only a marginal impact…

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US judge orders Enbridge to shut down portions of Wisconsin pipeline within 3 years

By Clark Mindock (Reuters) – A U.S. judge has ordered Canadian energy company Enbridge to shutter portions of an oil pipeline that runs through tribal land in Wisconsin within three years and to pay the tribe nearly $5.2 million for trespassing plus a portion of its profits until the shutdown is completed. U.S. District Judge…

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Exclusive – Canadian pensions manager invests $400 million in Swedish battery maker Northvolt

(Refiles to make clear in headline IMCO is a pensions manager) By Tommy Wilkes, Simon Jessop and Supantha Mukherjee LONDON (Reuters) – Canada’s Investment Management Corporation of Ontario (IMCO) has invested $400 million in battery producer Northvolt, which will help the Swedish company expand production of lithium-ion batteries ahead of a possible initial public offering….

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Canada investing C$350 million to boost drive for sustainable aerospace industry

OTTAWA (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)…

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Costs at American Lithium’s Peru project up to $700 million, CEO says

By Kylie Madry (Reuters) – Costs of the first phase of construction at American Lithium’s Falchani lithium mine in Peru likely have risen some 20% from an original estimate to $700 million, the chief executive of the firm said in an interview.    “If you think about the post-COVID world and inflationary pressures, that bill (of…

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Sport-Judge who sentenced Nassar calls for national inquiry into Canadian sport

(Reuters) – Rosemarie Aquilina, the American judge who sentenced disgraced USA Gymnastics doctor Larry Nassar, has called for an independent inquiry into sports across Canada amid widespread allegations of harassment, abuse and bullying. Aquilina, who testified on Monday at the Standing Committee on Canadian Heritage, said all athletes deserved immediate and meaningful action and accountability…

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