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Canada's federal government is expected to approve Glencore Plc's $6.9 billion acquisition of Teck Resources Ltd.'s metallurgical coal business, according to anonymous sources. The approval is anticipated to come with strict conditions to protect jobs and uphold environmental standards. The deal, which was announced last year, will see Glencore acquire a 77% stake in Teck's coal business. The government's review of the deal reflects its commitment to balancing economic interests with environmental concerns. [Extracted from the article]

Canada's government has blocked a deal that would have allowed an Australian company, Vital Metals Ltd., to sell its stockpiled rare earth materials to a Chinese buyer. Instead, the government will purchase the materials for C$3 million and prevent their sale to China's Shenghe Resources Holding Co. This move is part of a broader effort by Prime Minister Justin Trudeau's government to limit Chinese involvement in Canada's critical minerals sector. The purchased materials will be used in a rare earths processing facility being built by the Saskatchewan Research Council. [Extracted from the article]

Canada's federal government is planning to sell a 30% stake in the Trans Mountain pipeline system to indigenous owners, according to Alberta's premier. The government aims to raise C$10 billion ($7.3 billion) in equity to privatize the system, with the indigenous partners owning 30% of the stake. The government has proposed a special-purpose vehicle for First Nations groups to hold a stake in the pipeline, and it intends to provide risk-free access to capital for those who choose to participate. The sales process has faced delays, but the government remains committed to selling the pipeline and involving First Nations. [Extracted from the article]

(Bloomberg) -- The Canadian federal government's proposed tax credits to support carbon capture projects already are "robust" and probably won't be increased, the country's natural resources minister said. The federal government has offered oil-sands industry 50% tax credits for the cost of building carbon capture and storage plants, and talks are underway with Alberta's provincial government over additional support. [Extracted from the article]

"For years, the United States has imposed unfair, unjust and illegal duties on Canadian softwood lumber, hurting Canadian industry and creating rising housing costs in both our countries", she said in a statement provided to Bloomberg on Thursday. (Bloomberg) -- Canada is launching challenges to the latest US duties on softwood lumber, arguing the "unjustified" tariffs are harming a key Canadian sector and driving up housing costs in both countries. [Extracted from the article]

(Bloomberg) -- The ILWU Canada longshore bargaining committee said a majority of its members voted in favor of ratifying a tentative settlement reached with BC Maritime Employers Association on July 30. In a separate statement, the BCME said it received confirmation that the ILWU Canada voting membership ratified the four-year negotiated bargain agreement, which was reached with the involvement of the federal government's Canada Industrial Relations Board. [Extracted from the article]

(Bloomberg) -- Canada's federal government is stepping up environmental oversight in Alberta's oil sands after Imperial Oil Ltd. and the provincial regulator were slow to report toxic spills. "This slow notification to the federal government and Indigenous communities is of serious concern", the federal ministry of Environment and Climate Change Canada said in a release Monday. [Extracted from the article]

(Bloomberg) -- Canada's federal government is stepping up environmental oversight in Alberta's oil sands after Imperial Oil Ltd. and the provincial regulator were slow to report toxic spills. "This slow notification to the federal government and Indigenous communities is of serious concern", the federal ministry of Environment and Climate Change Canada said in a release Monday. [Extracted from the article]

Keywords: CNR@CN; AGR; ALLTOP; BUSINESS; CMD; COS; GEN; GOV; INDUSTRIAL; INDUSTRIES; MARKETS; TOP; TRN; WORLD; WWTOP; WWTOPAM EN CNR@CN AGR ALLTOP BUSINESS CMD COS GEN GOV INDUSTRIAL INDUSTRIES MARKETS TOP TRN WORLD WWTOP WWTOPAM The world desperately needs more grain, and Canada is set to harvest a bumper crop. RHG2ALDWX2PS (Bloomberg) -- The world desperately needs more grain, and Canada is set to harvest a bumper crop. [Extracted from the article]

Fossil-fuel lending is a tiny part of the loan businesses for many banks outside of Canada that have also pledged to reach net-zero emissions in lending by 2050. (Bloomberg) -- Canada's banks have only just started on the path toward zeroing-out the carbon emissions of the companies they lend to, and already they're running into conflicts between what climate activists and ESG investors want and what Canada's oil-dependent economy demands of them. [Extracted from the article]

(Bloomberg) -- One of Canada's largest railways is gearing up to halt operations after failing to reach a labor deal with unionized workers. Nutrien Ltd., one of the top crop-nutrient suppliers, and Saskatchewan's government have asked Canada's federal government to act swiftly to stop a strike. [Extracted from the article]

(Bloomberg) -- One of Canada's largest railways is gearing up to halt operations after failing to reach a labor deal with unionized workers. Canada, along with Russia and Belarus, is one of the main sources for the world's potash, a mined mineral used in crop nutrients. [Extracted from the article]

(Bloomberg) -- One of Canada's largest railways is gearing up to halt operations after failing to reach a labor deal with unionized workers. Nutrien Ltd., one of the top crop-nutrient suppliers, and Saskatchewan's government have asked Canada's federal government to act swiftly to stop a strike. [Extracted from the article]

(Bloomberg) -- One of Canada's largest railways is gearing up to halt operations after failing to reach a labor deal with unionized workers. Nutrien Ltd., one of the top crop-nutrient suppliers, and Saskatchewan's government have asked Canada's federal government to act swiftly to stop a strike. [Extracted from the article]

(Bloomberg) -- Prime Minister Justin Trudeau's much-delayed review of the Bank of Canada's inflation mandate will be released in coming days, a person familiar with the matter said. "Last Minute" The long delay in renewing the Bank of Canada's mandate may suggest the Trudeau government is leaning toward a bigger change, according to Jean-Francois Perrault, chief economist at Bank of Nova Scotia. [Extracted from the article]

(Bloomberg) -- Canada's federal government pledged to help flood-hit British Columbia as the province faces more rain starting Monday. Fuel pumps in parts of the province were running dry on Saturday amid panic buying as residents watched highways become impassable, and key oil and fuel infrastructure shut down. The province also issued a ban on all non-essential travel on three major highways even as some roads from the coastal region to the interior are being gradually repaired and reopened. [Extracted from the article]

"The assistance offered to Air Canada importantly served as an extra level of insurance that enabled us to raise additional liquidity on our own to manage the pandemic and give us sufficient resources to effectively compete in the post-pandemic marketplace", Rousseau said. (Bloomberg) -- Air Canada, which for a year publicly pressed the government to offer emergency financial help to the airline industry, said it no longer needs the bulk of a C$5.9 billion ($4.7 billion) package announced just seven months ago. [Extracted from the article]

"The assistance offered to Air Canada importantly served as an extra level of insurance that enabled us to raise additional liquidity on our own to manage the pandemic and give us sufficient resources to effectively compete in the post-pandemic marketplace", Rousseau said. (Bloomberg) -- Air Canada, which for a year publicly pressed the government to offer emergency financial help to the airline industry, said it no longer needs the bulk of a C$5.9 billion ($4.7 billion) package announced just seven months ago. [Extracted from the article]

Keywords: 5389Z; ALLTOP; BON; BUSINESS; CANADA; GOV; MARKETS; NORTHAM; TOP; WORLD; WWTOP; WWTOPAM EN 5389Z ALLTOP BON BUSINESS CANADA GOV MARKETS NORTHAM TOP WORLD WWTOP WWTOPAM A rating action on Canada's economic powerhouse, Ontario, could be more relevant for bond investors than a downgrade of the federal government as the province risks an unsustainable rise in debt, according to $2.3 trillion asset manager Capital Group. The ratings company assigns Ontario Aa3, its fourth-highest investment grade, while giving Canada's federal government its top designation. [Extracted from the article]

Keywords: 5389Z; BON; BUSINESS; CANADA; GOV; MARKETS; NORTHAM; WORLD EN 5389Z BON BUSINESS CANADA GOV MARKETS NORTHAM WORLD A rating action on Canada's economic powerhouse, Ontario, could be more relevant for bond investors than a downgrade of the federal government as the province risks an unsustainable rise in debt, according to $2.3 trillion asset manager Capital Group. The ratings company assigns Ontario Aa3, its fourth-highest investment grade, while giving Canada's federal government its top designation. [Extracted from the article]

"I think the main message is clearly the economy can recover quickly and jobs can recovery quickly when things do open up again", Doug Porter, chief economist at Bank of Montreal, said by phone. Keywords: BON; BUSINESS; CANADA; COS; FRX; GLOBALMACR; GOV; MARKETS; NORTHAM; WORLD EN BON BUSINESS CANADA COS FRX GLOBALMACR GOV MARKETS NORTHAM WORLD Canada's jobs market blew past expectations for a second straight month, as the nation continues its strong pace of recovery. [Extracted from the article]

(Bloomberg) -- The port backups that have paralyzed food shipments around the world for weeks aren't getting much better. "The ports are jam-packed", Tony Nwabunike, president of the Association of Nigerian Licensed Customs Agents, the union that represents workers who clear the ports. Even those of us that have been given orders to go to the ports as essential service providers, we are not accessing the ports because transportation remain skeletal", and not all workers have the necessary paperwork to show they are essential employees, he said. [Extracted from the article]

(Bloomberg) -- The port backups that have paralyzed food shipments around the world for weeks aren't getting much better. "The ports are jam-packed", Tony Nwabunike, president of the Association of Nigerian Licensed Customs Agents, the union that represents workers who clear the ports. Even those of us that have been given orders to go to the ports as essential service providers, we are not accessing the ports because transportation remain skeletal", and not all workers have the necessary paperwork to show they are essential employees, he said. [Extracted from the article]

(Bloomberg) -- The port backups that have paralyzed food shipments around the world for weeks aren't getting much better. "The ports are jam-packed", Tony Nwabunike, president of the Association of Nigerian Licensed Customs Agents, the union that represents workers who clear the ports. Even those of us that have been given orders to go to the ports as essential service providers, we are not accessing the ports because transportation remain skeletal", and not all workers have the necessary paperwork to show they are essential employees, he said. [Extracted from the article]

(Bloomberg) -- Teck Resources Ltd. lowered its forecast for steelmaking coal after the Canadian producer was hit by extreme weather and rail blockades just as the coronavirus outbreak threatens demand. Teck forecast first-quarter steelmaking coal sales of 4.8 million to 5.2 million tons, compared with a Feb. 6 estimate of 5.1 million to 5.4 million tons. [Extracted from the article]

Canada Holds "Positive" Talks on Financial Aid for Newfoundland (Bloomberg) -- Canada's federal government is working with Newfoundland and Labrador on a formula to help the east-coast province to deal with its finances after the costs of a hydro mega-project skyrocketed. Officials from the two governments have been working toward a power-rate mitigation agreement, Newfoundland's Minister of Finance Tom Osborne said. [Extracted from the article]

Alberta is preparing a giant crude-by-rail operation to help its oil-sands producers cope with a pipeline crunch, and it expects a big profit from the venture. The province expects to generate revenue from the profit it turns on selling crude to refiners, as well as from the higher oil prices that the additional shipping capacity will support. [Extracted from the article]

Poloz likely to hike again this week in bid to normalize rates The economy is awash in stimulus in the form of cheap credit from Bank of Canada Governor Stephen Poloz and deficit spending by Prime Minister Justin Trudeau that it no longer needs. [Extracted from the article]

Deluge delays harvest after Russian crops hurt by dry weather While the nation's wheat exports are running ahead of last year so far, further harvest delays could impede some of those sales. [Extracted from the article]

Few retail cannabis stores to be open across Canada on Oct. 17 The limited store openings and pot supplies may hamper sales at the outset, curbing enthusiasm for pot stocks that have soared in anticipation of Canada becoming the first Group of Seven nation to legalize marijuana. The government-run Ontario Cannabis Store has signed supply agreements with 32 licensed producers and is confident that it will have a "wide variety" of products available when legal sales begin, said spokesman Daffyd Roderick. [Extracted from the article]

"This fleet transaction is a game changer for JetBlue's economics as we progress through the next decade", the airline's chief financial officer, Steve Priest, said in an interview. For JetBlue, the transaction will yield an all-Airbus fleet, which Priest called an "undoubted advantage" because it will reduce costs for items such as parts and training. [Extracted from the article]

Alberta Premier Rachel Notley said the province is likely to take a stake in the Trans Mountain pipeline, which is being purchased by Canada's federal government in an effort to make sure that the key conduit's expansion moves forward. The oil-producing province also played a role in the federal government's $3.5 billion purchase of the pipeline, promising to contribute as much as C$2 billion ($1.5 billion) to help cover unexpected costs. [Extracted from the article]

Yields may fade again after steep run up, Sun Life, TD say He sees the spread between U.S. and Canadian two-year yields widening further to 65 basis points from 57 basis points, the highest since June, as yields north of the border retreat and U.S. yields reach a ceiling. [Extracted from the article]

Justin Trudeau's government isn't doing anything to make his job easier. Conservative Leader Andrew Scheer repeatedly criticized Trudeau in parliament Wednesday, saying he was funding an effort to kill the Kinder Morgan project, which both leaders' parties support. [Extracted from the article]

Quebec Attacks "Predatory" Boeing for Claim Against Bombardier U.S. company trying to push rival out of business, Leitao says "Boeing is behaving in a predatory way", Quebec Finance Minister Carlos Leitao said Tuesday at the Bloomberg Canada Fixed Income Conference in New York. [Extracted from the article]

Former CEO Lazaridis pushes to lead second quantum revolution The BlackBerry inventor sees Canada as at the forefront of the development of quantum computers, technology that could transform the world by allowing computers to operate much faster and on larger data sets than ever before. [Extracted from the article]

Canada's federal government will issue a record C$142 billion ($106 billion) of bonds next fiscal year to finance its growing budget deficit. While bonds have sold off globally in recent months, sending yields up amid expectations for higher growth and inflation, Canada's borrowing costs remain historically low. [Extracted from the article]

Two of Canadian Prime Minister Justin Trudeau's marquee budget policies -- enhanced child benefits and income tax cuts -- are doing little to boost consumer spending, according to a new Bloomberg-Nanos survey. Governor Stephen Poloz has signaled he's holding off from rate cuts in order to assess the effects of Trudeau's fiscal stimulus on the economy, including the impact of the child benefits. [Extracted from the article]

Canada's postal workers edged closer to a strike after its main union filed a 72-hour job action notice as contract negotiations broke down. The union said on Wednesday the discussions were at risk because Canada Post was seeking to fire up to 1,200 staff and increase pension contribution rates. The union has 54,000 members, including traditional Canada Post letter carriers, and other workers such as truck drivers. [Extracted from the article]

Canada's federal government already guaranteed C$6.3 billion in initial bonds for Muskrat Falls. Attribution Nabila Ahmed: editor responsible Josh Wingrove: by reporter Chris Fournier: editor Theophilos Argitis: editor responsible Jacqueline Thorpe: editor. [Extracted from the article]

To contact the reporter on this story:Fabiola Moura in Sao Paulo at fdemoura@bloomberg.netTo contact the editors responsible for this story:Crayton Harrison at tharrison5@bloomberg.netBruce Rule, Brendan Case Attribution Fabiola Moura: by reporter Thomas Black: assist Bruce Rule: editor Crayton Harrison: editor responsible Brendan Case: editor. [Extracted from the article]

Air Canada signs a letter of intent to buy at least 45 jets The deal with Air Canada "could represent a strong commitment for the long-term viability of the C Series", Benoit Poirier, an analyst at Desjardins Capital Markets, said in a note to clients. [Extracted from the article]

Ontario is pushing back the introduction of its provincial pension plan by one year as it works with the federal government on an enhancement of the Canada Pension Plan. The pledge overlapped with work by Ontario Premier Kathleen Wynne to introduce an auxiliary provincial plan to boost mandatory retirement saving in the country's most populous province. [Extracted from the article]

Canada's federal government is reviewing request for aid The Trudeau government, meanwhile, faces its own risk that changes in governance could leave Bombardier vulnerable to a takeover. [Extracted from the article]

Drop of 34% this year sparks risk of removal from stock gauge Originally a snowmobile maker, Montreal-based Bombardier grew into a train and aircraft maker that is credited with inventing the regional jet in the 1980s. [Extracted from the article]

Originally a snowmobile maker, Montreal-based Bombardier grew into a train and aircraft maker that is credited with inventing the regional jet in the 1980s. Bombardier's 68 percent tumble last year made it the sixth-worst performer this year among members of Canada's benchmark Standard & Poor's/TSX Composite Index. [Extracted from the article]

Canada's two-month-old Liberal government is facing its first controversy, one that highlights an enduring dilemma in public policy: When is it worth going ahead with a good idea that the public doesn't like? As in the U.S., the candidate with the most votes in a district (Canadians call them ridings) gets a seat in the legislature (what Canadians call first-past-the-post). [Extracted from the article]