(Reuters) – U.S. energy company Equitrans Midstream Corp’s long-delayed $6.6 billion Mountain Valley natural gas pipeline from West Virginia to Virginia received another negative court ruling on Friday. The U.S. Court of Appeals for the District of Columbia Circuit ruled the U.S. Federal Energy Regulatory Commission (FERC) “inadequately explained its decision not to prepare a…
By Hannah Lang WASHINGTON (Reuters) – The dollar was set for a third straight weekly gain on Friday, as markets raised bets on higher-for-longer interest rates and amid closely watched last-ditch talks on the U.S. debt ceiling. Apparent progress in the talks between President Joe Biden and top congressional Republican Kevin McCarthy helped ease investor…
By Kantaro Komiya TOKYO (Reuters) – Group of Seven (G7) nation officials will meet next week to consider problems posed by generative artificial intelligence (AI) tools like ChatGPT, Japan said on Friday. Leaders of the G7, which includes the United States, European Union and Japan, last week agreed to create an intergovernmental forum called the…
OTTAWA, May 26 (Reuters) – Canada’s budget deficit in fiscal 2022/23 shrank to C$41.31 billion ($30.89 billion) from C$95.57 billion in the previous year as a post-pandemic economic rebound spurred tax revenue and spending on support measures fell, the finance ministry said on Friday. Revenues rose 8.6% in the period from April 2022 to March…
(Reuters) – Canada’s Competition Bureau on Friday made several recommendations for a more competitive legal cannabis industry in the country and to safeguard it from illicit market activity. The recommendations include review of the cannabis licensing process and related costs, adjustments in THC limits for edible cannabis products, and easing of restrictions on cannabis promotion,…
(Reuters) – Canadian privacy regulators are launching a joint investigation into ChatGPT-parent OpenAI’s data collection and usage, becoming the latest major government to take a closer look at the regulation of artificial intelligence (AI) tools. The federal privacy regulator, along with counterparts in Quebec, British Columbia and Alberta, will investigate if OpenAI has obtained consent…
By Nivedita Balu TORONTO (Reuters) -Canada’s no.2 lender TD Bank Group will push ahead with its U.S. expansion by focusing on organic growth, after its M&A-led strategy in the world’s biggest banking market suffered a setback this month, a top official told Reuters on Thursday. TD has made U.S. growth a key priority as it…
By Anirban Sen and Karl Plume (Reuters) -Global grain trader Viterra is in talks to merge with U.S. rival Bunge Ltd, a person familiar with the matter said, in a potential mega deal that would reshape the top tier of global grains merchants. There is no certainty that Viterra, part-owned by Switzerland-based mining and trading…
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar strengthened for a fourth straight session on Thursday against a basket of major peers to touch a two-month high, as U.S. data pointed to a resilient economy even after an aggressive rate hike cycle by the Federal Reserve. Weekly initial jobless claims rose by 4,000 last…
OTTAWA (Reuters) – Canadian factory sales most likely fell 0.2% in April from March, largely driven by the food and primary metal industries, Statistics Canada said in a flash estimate on Thursday. The estimate was calculated based on a weighted response rate of 68.6%. The average weighted response rate for the survey over the previous…
