Business News Canada

  • President Donald Trump said on Thursday he was prepared to raise the case of two Canadians detained by Beijing with Chinese President Xi Jinping, an act that could potentially ease a major dispute between Canada and China. Trudeau said later the two men spent considerable time discussing China, adding he expected Trump and Xi to discuss the matter on the...

  • *Greenpeace interrupts speech by Finance Minister Philip Hammond. LONDON, June 20- British lawmakers will hold a Citizens' Assembly to gather views on how to meet the country's newly strengthened emissions targets, parliament announced on Thursday, in response to growing public unease over the climate crisis. Britain has seen an upsurge in climate activism...

  • WASHINGTON, June 20- A conservation group on Thursday sued the Trump administration for withholding documents related to its decision to cancel a 20- year ban on mining in a Minnesota wilderness area and open it up to copper production. The group requested FOIA records last September from the Department of Agriculture, U.S. Forest Service, Department of the...

  • BANK OF CANADA SAYS TO HOLD 10 REGULAR BOND AUCTIONS AND 1 REAL RETURN BOND AUCTION IN COMING QUARTER.

  • *Loonie touches strongest level since March 1 at 1.3151. TORONTO, June 20- The Canadian dollar strengthened to a three-month high against its U.S. counterpart on Thursday as oil prices surged and the greenback was pressured. The price of oil, one of Canada's major exports, jumped after Iran shot down a U.S. military drone, raising fears of a military confrontation...

  • June 20- Canadian lender Desjardins Group said on Thursday an unauthorized use of internal data by an employee led to breach of personal information including social insurance number, address and details of banking habits of more than 2.9 million members. The issue came to light after Quebec's Laval police contacted the company confirming that personal...

  • President Donald Trump on Thursday said he was prepared to raise the case of two Canadians detained by Beijing with Chinese President Xi Jinping, an act that could potentially ease a major dispute between Canada and China. China has charged the two Canadian citizens with espionage and blocked imports of canola seed and pork from Canada. Mexico's Senate on...

  • TORONTO, June 20- Ontario Premier Doug Ford named a new finance minister as part of a cabinet shuffle on Thursday, less than a year after his Progressive Conservatives swept into power in Canada's most populous province. The provincial government is trying to rein in borrowing, which at C $346 billion in net debt makes Ontario the world's biggest issuer of...

  • President Donald Trump on Thursday said he was prepared to raise the case of two Canadians detained by Beijing with Chinese President Xi Jinping, an act that could potentially ease a major dispute between Canada and China. China has since charged the two Canadian citizens with espionage and blocked imports of canola seed and pork from Canada.

  • BIDDERS FOR TELEPASS INCLUDE WARBURG PINCUS, PERMIRA, PARTNERS GROUP, CVC CAPITAL PARTNERS AND KKR- SOURCES.

  • President Donald Trump on Thursday kept up the pressure on Federal Reserve Chairman Jerome Powell to cut interest rates, a day after U.S. central bankers signaled they would likely do so later this year to boost the economy and sluggish inflation. "Well, I guess they indicated they're going to be lowering them, should have done sooner, but what are you going to do,"...

  • WASHINGTON, June 20- Asked how the United States will respond to Iran after Iran shot down an American drone, U.S. Trump called Iran's move a big mistake in remarks to reporters before a meeting with Canadian Prime Minister Justin Trudeau, but kept open the possibility of talks with Iran. Trudeau said he was very concerned about escalations in tensions with Iran.

  • WASHINGTON, June 20- A conservation group on Thursday sued the Trump administration for withholding documents related to its decision to cancel a 20- year ban on mining in a Minnesota wilderness area and open it up to copper production. The group requested FOIA records last September from the Department of Agriculture, U.S. Forest Service, Department of the...

  • June 20- Mining stocks drove Canada's main stock index to a seven-week high on Thursday as gold prices surged following a more dovish than expected stance from the U.S. *At 9:40 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 70.9 points, or 0.43%, at 16,582.69. *The energy sector also climbed 1.6% tracking a surge in oil prices as Iran shot down a...

  • *Loonie touches its strongest since Jan. 3 at 1.3151. TORONTO, June 20- The Canadian dollar strengthened to a five-month high against its U.S. counterpart on Thursday as oil prices climbed and the greenback was pressured by the prospect of interest rate cuts by the Federal Reserve. The price of oil, one of Canada's major exports, jumped after Iran shot down a U.S....

  • June 20- Canada's main stock index opens higher on Thursday, as the U.S. Federal Reserve signalled a likely interest rate cut to counter growing risks to global and domestic growth. *At 9:34 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 79.14 points, or 0.48%, at 16,590.93.

  • LONDON, June 20- British lawmakers will hold a Citizens' Assembly to gather views on how to meet its newly-strengthened emissions targets, parliament announced on Thursday, in response to growing public unease over the climate crisis. They have been used in Ireland, Canada, Australia and the United States. "I hope the Citizens Assembly will demonstrate that, when...

  • BOGOTA, June 20- Canada's Continental Gold is on track to open a mine in Colombia in 2020 that will be the country's first large-scale underground gold project in years. Other multinational mining companies looking to kick off similar projects in Colombia have struggled amid legal, financial and licensing troubles and environmental and community...

  • MEXICO CITY, June 20- Mexican President Andres Manuel Lopez Obrador said on Thursday it was now up to Canada and the United States to ratify the United States- Mexico-Canada Agreement after Mexico's Senate approved the trade deal on Wednesday.

  • OTTAWA, June 19- Canada's federal and provincial governments earned C $186 million in tax revenues from direct sales of cannabis in the first 5-1/ 2 months of legalization, Statistics Canada data showed on Wednesday, after two major provinces cut their revenue forecasts. Statistics Canada found Ottawa collected a combined C $55 million in revenue via federal...