* Canadian dollar rises 0.1% against the greenback

* Loonie trades in a range of 1.3116 to 1.3157

* Price of U.S. oil increases 1.6%

* Canadian bond yield ease across a flatter curve

TORONTO, Oct 14 (Reuters) – The Canadian dollar edged higher
against its U.S. counterpart on Wednesday as oil prices rose and
Wall Street steadied, with the loonie clawing back some of the
previous day’s decline ahead of comments by Bank of Canada
Deputy Governor Timothy Lane.

The loonie was trading 0.1% higher at 1.3126 to the
greenback, or 76.18 U.S. cents, having traded in a range of
1.3116 to 1.3157. Tuesday’s decline for the loonie broke a
string of four straight daily gains.

Futures tracking the S&P 500 were slightly higher after
being pressured the previous day by fading hopes of a deal on
federal aid as well as a halt in trials of a COVID-19

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FILE PHOTO: Calin Rovinescu, CEO of Air Canada speaks during a panel discussion on Cyber Security at the 2016 International Air Transport Association (IATA) Annual General Meeting (AGM) and World Air Transport Summit in Dublin, Ireland June 3, 2016. REUTERS/Clodagh Kilcoyne/File Photo

(Reuters) – Air Canada AC.TO has slashed its price to buy Canadian tour operator Transat A.T. Inc TRZ.TO, with the deal now worth about C$188.7 million ($143.86 million), down from C$720 million, as COVID-19 weighs on travel demand, the companies said in a statement on Saturday.

The country’s largest carrier had secured Transat shareholders’ approval for the deal last year with an C$18.00 a share bid, to bolster its then thriving leisure business.

But with the pandemic grounding flights globally, Air Canada faced shareholder pressure to renegotiate the deal which is still pending approval from European and Canadian regulators, Reuters reported in May.

Montreal-based Air Canada, like

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(Reuters) – Air Canada

has slashed its price to buy Canadian tour operator Transat A.T. Inc
, with the deal now worth about C$188.7 million ($143.86 million), down from C$720 million, as COVID-19 weighs on travel demand, the companies said in a statement on Saturday.

The country’s largest carrier had secured Transat shareholders’ approval for the deal last year with an C$18.00 a share bid, to bolster its then thriving leisure business.

But with the pandemic grounding flights globally, Air Canada faced shareholder pressure to renegotiate the deal which is still pending approval from European and Canadian regulators, Reuters reported in May.

Montreal-based Air Canada, like many of its global peers, has slashed flights, suspended financial forecasts and sought government aid as the industry deals with its worst slump.

Companies have been cancelling deals amid COVID-19 uncertainty, with aircraft parts suppliers Hexcel Corp

and Woodward Inc

abandoning their planned $6.4

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(Adds strategist quotes and details throughout, updates prices)

* Canadian dollar rises 0.4% against the greenback

* Loonie touches its strongest since Sept. 21 at 1.3198

* Canadian housing starts fall 20% in September

* Canadian bond yields ease across much of the curve

By Fergal Smith

TORONTO, Oct 8 (Reuters) – The Canadian dollar rose to a
more-than two-week high against the greenback on Thursday as
higher oil prices and the potential for U.S. stimulus offset
comments from Bank of Canada Governor Tiff Macklem, leaving
negative interest rates on the table.

U.S. stocks climbed as President Donald Trump fueled hopes
of fresh fiscal aid, while the price of oil, one of Canada’s
major exports settled 3.1% higher at $41.19 a barrel on support
from output shutdowns ahead of a storm in the U.S. Gulf of
Mexico.

“The market is coming to terms with an era of easy money
from

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By Julie Gordon and David Ljunggren

OTTAWA, Oct 8 (Reuters)Bold policy actions taken in response to the coronavirus pandemic were needed but will make Canada’s economy and financial system more vulnerable to economic shocks down the road, the governor of the Bank of Canada said on Thursday.

Tiff Macklem, speaking by video conference to a financial risk management group, said Canada came into the pandemic with a number of vulnerabilities and that it “seems certain” the country would exit with higher levels of government debt.

“As much as a bold policy response was needed, it will inevitably make the economy and financial system more vulnerable to economic shocks down the road,” Macklem said.

“Without the fiscal and monetary policy actions, the economic devastation of the pandemic could have been much, much worse,” he added.

Macklem reiterated that a full recovery from the COVID-19 crisis would take

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By Madhvi Pokhriyal and Noor Zainab Hussain

(Reuters) – Canadian mergers and acquisitions are set to increase following a modest third-quarter recovery from multi-year lows, as market stability and access to capital give companies the confidence to negotiate and price transactions.

Equity offerings also picked up in the three months through September, as stock market recovery following a tumultuous few months early in the coronavirus pandemic encouraged issuers to tap markets to recapitalize.

Some $40.9 billion worth of M&A deals were announced in the third quarter, the highest since the onset of the coronavirus crisis in late 2019 and a 200% jump from the three months ended in June, Refinitiv data showed. But it was lower than the $50.7 billion worth of transactions from a year ago, the data showed.

“There are clearly indications that we’re in the early stages of recovery, a lot more strategic dialogue going on and

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By Jeff Lewis

TORONTO, Oct 2 (Reuters)Brazilian miner Vale SA VALE3.SA is in talks with Tesla TSLA.O and others in the electric vehicle (EV) supply chain about securing nickel from its Canadian operations, the head of the miner’s base metals unit said on Friday.

Tesla did not immediately respond to a request for comment.

Tesla CEO Elon Musk in July urged miners to produce more nickel, a key ingredient in the batteries that power the company’s electric cars. Musk offered a “giant contract” if supplies could be produced in an environmentally sensitive way.

While EVs are expected to help reduce global carbon emission, environmentalists are concerned that production of EV parts and increased mining may damage the environment.

Analysts have also warned of a supply deficit for nickel, which makes batteries energy dense so cars can run further on a single charge.

Tesla and other automakers need

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By Steve Scherer and David Ljunggren

OTTAWA (Reuters) – Canada on Thursday launched a C$10 billion ($7.5 billion), three-year infrastructure plan it said would help the country create jobs and recover from the economic slump caused by the coronavirus pandemic.

“With smart, targeted investments, we can get people back on the job and grow the economy, while building a healthy, sustainable future for everyone,” Prime Minister Justin Trudeau told reporters on Thursday.

The money will come from a C$35 billion pool already managed by Canada Infrastructure Bank (CIB), which critics complain has done little since it was set up by Trudeau’s government in 2017.

Last week, Trudeau promised to support an economic recovery that would bring back the more than one million jobs lost during the crisis.

The new infrastructure plan would put 60,000 people to work, the prime minister said on Thursday. He also recommitted to fighting climate change

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(Bloomberg) — Prime Minister Justin Trudeau mapped out a new plan for Canada’s infrastructure bank as his government looks for ways to spur long-term economic growth after the Covid-19 pandemic.

The new strategy commits C$10 billion ($7.5 billion) over three years through the Canada Infrastructure Bank and is expected to create 60,000 jobs across the country, the government said Thursday.

Clean power is the largest spending item, with C$2.5 billion earmarked for renewable energy generation and storage. The plan commits C$2 billion each to developing broadband Internet in rural areas and to retrofitting buildings to become more efficient.



Justin Trudeau wearing a suit and tie: Trudeau newser


© Bloomberg
Trudeau newser

Justin Trudeau speaks during an Ottawa news conference on Sept. 25.

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Photographer: David Kawai/Bloomberg

Agricultural irrigation projects will get C$1.5 billion, and another C$1.5 billion will be directed toward zero-emission buses and electric vehicle charging infrastructure. The remaining C$500 million will be used to speed up

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Article content continued

Please know I consider myself a proud Canadian. However, when abject unfairness toward our province and main industry is the guiding principle of our federal government and our “friends” in Quebec, our options are not only limited, pragmatically speaking, they are fully neutered.

I do remain hopeful some positive recognition of our beloved province and what we do for Canada will show up in Ottawa’s policies but know that will not happen under the current administration or future Liberal governments.

The real question is how much longer do we continue hoping for this fairness to magically appear while being bullied and put down for simply trying to be good Canadians. Not much longer in my mind, but as they say, hope springs external.

Mark Norris, Edmonton

Alberta should invest in the future

In Securing Alberta’s Future in Tuesday’s Edmonton Journal, the authors blame our federal government for

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