Business News Canada

  • June 24- Lawyers for Huawei's chief financial officer urged Canada's justice minister on Monday to withdraw extradition proceedings against Meng Wanzhou, who has been detained in Vancouver since December on U.S. fraud charges. She has denied any wrongdoing, and Huawei pleaded not guilty in a New York court in March, but the matter has sparked tensions between...

  • Sidewalk Labs CEO Dan Doctoroff said at a press conference that Sidewalk Labs, an Alphabet unit, will not disclose personal information to third parties without explicit consent and will not sell personal information. Sidewalk Labs says in the proposal that up to 93,000 jobs could be generated, with 44,000 permanent, direct jobs by 2040. The houses would be...

  • LAWYERS FOR HUAWEI CFO MENG WANZHOU SAY EXTRADITION PROCEEDINGS ARE WITHOUT MERIT, AND ENDING THEM IS IN CANADA'S BEST INTERESTS.

  • WASHINGTON, June 24- The U.S. Supreme Court on Monday turned away a challenge to President Donald Trump's tariffs on imported steel brought by an industry group that argued that a key part of the law under which he imposed the duties violates the U.S. The justices declined to hear the American Institute for International Steel's appeal of a March ruling by the U.S....

  • *At 9:32 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 8.31 points, or 0.05%, at 16,533.74.

  • LONDON, June 24- 1/ TRUMP AND G19 It's been a pretty tumultuous first-half and whether things calm down from here hinges on a June 28-29 summit of the G20 world powers, where Presidents Trump and Xi are expected to meet and hopefully resolve their differences on trade and tech. At stake is a decision on whether Washington slaps import tariffs on another $300 billion...

  • President Donald Trump and China's President Xi Jinping next week as investors are desperate for any signs of a thaw in U.S.- China relations even if it shifts expectations for much awaited Federal Reserve interest rate cuts. The S&P 500 closed at a record high on Thursday after the U.S. central bank said it was ready to cut rates if needed in the face of growing...

  • HOUSTON/ NEW YORK, June 21- A massive fire at the largest U.S. East Coast refinery on Friday could disrupt the region's gasoline supplies for at least two weeks, sending prices higher, traders and analysts said. Cash prices for gasoline also rose, with New York Harbor F2 RBOB gasoline prices gaining about 0.50 cents per gallon to trade at about 1 cent a gallon above...

  • June 21- Canada's main stock index fell on Friday, mirroring losses in global equities as tensions between the United States and Iran kept investors on the sidelines. President Donald Trump, delivered through Oman overnight, warning that an attack on Iran was imminent but adding he was against war and wanted talks, Iranian officials told Reuters on Friday.

  • The duty, however, has ended up failing to stop multiple smelter closures while actively undermining the downstream sector, according to the Federation of Aluminium Consumers in Europe. FACE, which has lobbied for many years against the duty, is renewing its efforts with a piece of research from the LUISS University of Rome, spelling out the negative impact on...

  • 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...

  • *Iran says "spy" drone downed over Iranian province on Gulf. President Donald Trump approved military strikes against Iran on Friday in retaliation for the downing of a U.S. surveillance drone, but called off the attacks at the last minute, the New York Times reported. After weeks of rising tension amid a spate of attacks on oil tankers in the Gulf, Iran said on...

  • BEIJING, June 21- London copper prices were flat in early Asian trade on Friday, holding on to gains made after the United States and top metals consumer China agreed to restart trade talks and amid signs the Federal Reserve may further cut interest rates this year. *LYNAS: Australia's Lynas Corp on Friday said it was stockpiling production of a major rare earth...

  • *Iran says' spy' drone downed over Iranian province on Gulf. While the comments appeared to suggest Trump was not eager to escalate the latest in a series of incidents with Iran, he also warned: "This country will not stand for it." "I think probably Iran made a mistake.

  • 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...