THE HAGUE (Reuters) – The World Court on July 19 and 20 will hear a request by the Netherlands and Canada that it order Syria to cease all acts of torture and arbitrary detention, as part of a case alleging the country has breached a U.N. anti-torture treaty. The hearing at the Peace Palace, the…
By Daina Beth Solomon and Cassandra Garrison MEXICO CITY (Reuters) -The U.S. sees some progress on an energy dispute with Mexico, although “deep-seated” concerns persist, U.S. Trade Representative Katherine Tai said on Thursday shortly before talks in Mexico with top Mexican and Canadian trade officials. The U.S. and Canada demanded dispute settlement talks over energy…
By Ismail Shakil OTTAWA (Reuters) -Canada will provide up to C$15 billion ($11.23 billion) in production incentives for a Stellantis-LG Energy Solution (LGES) electric vehicle battery plant, the federal and Ontario governments said on Thursday, a day after the companies said construction at their plant would resume. The production incentives agreed with Stellantis and LGES…
By Fergal Smith TORONTO (Reuters) -The Canadian dock workers strike is another factor for the Bank of Canada (BoC) to consider ahead of its policy announcement next week because the longer it drags on, the greater the risk of supply-chain disruptions that fuel inflation, economists said. Some 7,500 dock workers went on strike on Saturday…
(Reuters) -OceanGate, the U.S.-based company that managed the tourist submersible that imploded during a dive to the wreck of the Titanic, has suspended all exploration and commercial operations, its website showed on Thursday. The company did not elaborate beyond a red banner at the top of its website: “OceanGate has suspended all exploration and commercial…
By Herbert Lash NEW YORK (Reuters) -The dollar eased after a brief rebound on Thursday as data showing the U.S. labor market remains strong increased chances the Federal Reserve will raise interest rates later this month. Private payrolls surged in June in the biggest rise since February 2022, an ADP National Employment report showed, while…
By Milounee Purohit BENGALURU (Reuters) – The Bank of Canada will raise interest rates by a quarter-point for a second straight meeting to 5.00% on July 12 following a five-month pause earlier this year and then hold well into 2024, according to a majority of economists polled by Reuters. While that is the new expected…
OTTAWA (Reuters) – U.S. and Canadian authorities issued a joint advisory on Thursday warning about a widespread increase in the use of a type of malware called Truebot to target organizations in the two countries. “Cyber threat actors are using new variants of Truebot malware to exfiltrate large amounts of sensitive information for financial gain,”…
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) – Canada recorded a surprise trade deficit in May, a sign economic growth may be slowing, as energy and grains dragged down exports and unwrought precious metals and motor vehicles contributed to a surge in imports. The country’s trade deficit with the world was C$3.44 billion ($2.59…
By Maiya Keidan TORONTO (Reuters) – Canadian mergers and acquisitions (M&A) volumes picked up in the second quarter driven primarily by some large proposed transactions, but dealmakers are cautious on the outlook for the rest of the year over global economic concerns and potential interest rate hikes. The total value of Canadian M&A rose to…
