By Nia Williams and Rami Ayyub REVELSTOKE, British Columbia (Reuters) -Canada’s Prime Minister Justin Trudeau on Friday paid tribute to a young firefighter killed while battling a forest blaze in British Columbia, as wildfires continue to rage across the country and the western province requested an extra 1,000 international firefighters. The B.C. General Employees’ Union…
(Reuters) – Pot producer Canopy Growth has signed agreements with lenders to reduce its debt by C$437 million ($333.36 million) over the next six months, weeks after the Canadian firm raised doubts about its ability to continue as a going concern. The agreements with secured and unsecured lenders would also lower its interest expenses by…
By Fergal Smith TORONTO (Reuters) -Canadian home sales rose in June at a slower pace than in recent months and the industry group that produces the data downgraded its forecast for the full year as the Bank of Canada restarted its interest rate hiking campaign. The Canadian Real Estate Association (CREA) forecast on Friday that…
July 14 (Reuters) – Canadian factory sales grew by 1.2% in May from April on higher sales of chemical products, as well as motor vehicles, Statistics Canada said on Friday. Excluding vehicles and parts, manufacturing sales were up 0.7%. Month/month change (%) May Apr(rev) Apr(prev) Sales +1.2 -0.1 +0.3 Sales ex-autos +0.7 -0.4 -0.7 Inventories…
By Lucy Craymer WELLINGTON (Reuters) – Members of a major trans-Pacific trade pact meeting in Auckland on Sunday are set to discuss applications by China and Taiwan to join the group, proposals that have deepened the rancour among the neighbours and divided the opinions of member-nations. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Cooling U.S. inflation is accelerating a decline in the dollar, and risk assets around the world stand to benefit. The dollar is down nearly 13% against a basket of currencies from last year’s two-decade high and stands at its lowest level in 15 months. Its decline quickened…
By Nia Williams (Reuters) – A tornado touched down in a suburb of the Canadian capital Ottawa on Thursday, damaging an estimated 125 homes and leaving another 1600 without power but resulting in only one minor injury, emergency services said. The tornado hit Barrhaven, 17 kilometres southwest of the city centre, around 1245 p.m. ET…
By Jonathan Spicer and Huseyin Hayatsever ANKARA (Reuters) -Canada has unfrozen talks with Turkey on lifting export controls on drone parts after Ankara gave its nod for Sweden to join NATO, a person familiar with the talks said, a move seen as one of several concessions won in exchange for the Turkish blessing. President Tayyip…
WASHINGTON (Reuters) – The U.S.-based National Foreign Trade Council on Thursday blasted Canada for its refusal to back a global agreement to hold off on implementing digital services taxes for at least another year, and said the move could invite retaliation. NFTC President Jake Colvin said he welcomed news from the OECD that most countries…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar sank to its lowest since April 2022 on Thursday, as cooling U.S. inflation bolstered expectations the Federal Reserve would hike interest rates just one more time this year, eroding the greenback’s yield advantage over its peers. Against a basket of six currencies, the dollar index fell…
