David Ljunggren
Reuters Top News
Ottawa, ON, Canada
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Past articles by David:
Facebook to end news sharing in Canada as parliament passes bill to compel payment
Meta Platforms Inc said on Thursday it would end access to news on Facebook and Instagram for all users in Canada after parliament approved legislation designed to compel internet giants to pay publishers for news. → Read More
Flags lowered, relatives brace for bad news as 15 elders die in Canada crash
Flags flew lowered in the Canadian province of Manitoba on Friday and relatives braced for bad news after 15 mainly elderly people died in one of the country's worst recent road crashes. → Read More
At least 15 die after truck hits bus carrying elderly people in Manitoba, Canada
At least 15 people were killed in the Canadian prairie province of Manitoba on Thursday after a semi-trailer truck hit a small bus that was carrying a group of mainly elderly people, local police said. → Read More
Quebec hopes rain, outside help can be turning point in fight against fires
The Canadian province of Quebec says rain and outside help could help win the fight against more than 100 forest fires producing plumes of smoke that have left cities on the Atlantic seaboard gasping for breath. → Read More
Wildfires spread in British Columbia, Quebec stops blaze from hitting hydro plants
Wildfires spread in the western Canadian province of British Columbia on Friday, while hundreds of fires continued to burn on the other side of the country in Quebec, sending wildfire smoke billowing across North American cities. → Read More
Bank of Canada hikes rates to 4.75%, highest in 22 years
The Bank of Canada on Wednesday hiked its key overnight benchmark rate to 4.75%, the highest level in 22 years, on increasing concerns that inflation could get stuck significantly above its 2% target amid persistently strong economic growth. → Read More
Russia signals end to Black Sea grain deal in July if demands not met
Russia signaled on Thursday that if demands to improve its grain and fertilizer exports are not met then it will not extend beyond July 17 a deal allowing the safe wartime export of the same products from three Ukrainian Black Sea ports. → Read More
Russia's Wagner group could soon cease to exist, founder tells blogger
Russia's private Wagner militia, which is leading the assault on Bakhmut in Ukraine and has been active in Africa, could soon cease to exist, founder Yevgeny Prigozhin said in video remarks to a blogger that were released on Friday. → Read More
Bank of Canada says it needs more evidence that rates are high enough
By Steve Scherer and David Ljunggren OTTAWA, March 9 (Reuters) - The Bank of Canada needs more evidence to gauge if interest rates are high enough to tame inflation, in part because the economies of major trading partners are doing better than forecast, senior deputy governor Carolyn Rogers said on Thursday. She spoke a day after the central bank left its key overnight interest rate on hold at… → Read More
Bank of Canada leaves rates unchanged, sees inflation falling as forecast
The Bank of Canada on Wednesday left its key overnight interest rate on hold at 4.50%, as expected, becoming the first major central bank to suspend its monetary tightening campaign in the face of an anticipated easing of high inflation. → Read More
Bank of Canada's first published minutes show job, growth data drove rate hike
The Bank of Canada hiked rates last month rather than leaving them unchanged because of labor market tightness and stronger-than-expected growth, according to minutes from the policy-setting meeting released on Wednesday. → Read More
Bank of Canada hikes rates, becomes first major central bank to signal pause
The Bank of Canada on Wednesday hiked its key interest rate to 4.5%, the highest level in 15 years, and became the first major central bank fighting global inflation to say it would likely hold off on further increases for now. → Read More
Canadian firms expect mild recession and inflation to remain high
Most Canadian businesses expect a mild recession over the next year because higher interest rates are curbing investment plans and consumer spending, while at the same time more see inflation staying high for longer, the Bank of Canada said on Monday. → Read More
Bank of Canada makes big rate hike, hints it may the last one
The Bank of Canada on Wednesday hiked its benchmark overnight interest rate by half a percentage point to the highest level in almost 15 years and signaled its unprecedented tightening campaign was near an end. → Read More
Canada launches new Indo-Pacific strategy, focus on 'disruptive' China
Canada launched a new Indo-Pacific strategy on Sunday, vowing more resources to deal with a "disruptive" China while working with the world's second-biggest economy on climate change and trade issues. → Read More
Bank of Canada not ruling out another oversized hike to fight inflation
The Bank of Canada has not ruled out another oversized interest rate hike to fight sky-high inflation, governor Tiff Macklem said on Tuesday, acknowledging Canadians feel "ripped off" by fast rising prices. → Read More
Bank of Canada surprises with 50 bps hike, says slight recession possible
The Bank of Canada announced a smaller-than-expected interest rate hike on Wednesday and said it was getting closer to the point where rate hikes could end, as it forecast the economy could possibly slip into a slight recession. → Read More
Bank of Canada's hawkish message bolsters case for another large rate hike
The Bank of Canada made clear on Thursday it will not yet be pivoting away from its rapid pace of interest rate increases, with Governor Tiff Macklem saying there were no signs underlying inflation might be easing. → Read More
Ukraine to slash ties with Iran over 'evil' drones supply to Russia
Ukraine said on Friday it would downgrade diplomatic ties with Iran over Tehran's decision to supply Russian forces with drones, a move President Volodymyr Zelenskiy called "a collaboration with evil". → Read More
Russia frees 215 Ukrainians held after Mariupol battle, Ukraine says
Russia has released 215 Ukrainians it took prisoner after a protracted battle for the port city of Mariupol earlier this year, including top military leaders, a senior official in Kyiv said on Wednesday. → Read More