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Canada’s Ivey PMI shows activity expanding at fastest pace in three months

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Canadian economic activity expanded at a faster pace in June as measures of employment and prices rose, Ivey Purchasing Managers Index (PMI) data showed on Wednesday.

The seasonally adjusted PMI rose to 71.9 from 64.7 in May. That was the highest level for the index since March, when it notched a 10-year peak of 72.9.

The Ivey PMI measures the month-to-month variation in economic activity as indicated by a panel of purchasing managers in the public and private sectors from across Canada. A reading above 50 indicates an increase in activity.

The gauge of employment rose to an adjusted 69.6 from 67.0 in May, while the prices index rose to 79.4 from 78.6.

The unadjusted PMI rose to 67.7 from 59.8.

(Reporting by Fergal Smith; Editing by Sandra Maler)

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Baker wins 100m in Stockholm, Duplantis delights home crowd

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American Ronnie Baker won a tight 100 metres race at the Stockholm Diamond League meeting on Sunday and heads to his first Olympics in Tokyo as a leading medal contender.

Baker, 27, clocked 10.03 seconds, edging out Italian Marcell Jacobs by 0.02 seconds with Britain’s CJ Ujah third in 10.10.

“I’m pleased to be able to run and compete and beat these guys,” Baker told reporters. “There’s a lot of guys running fast and some of the top guys are coming out of America but ultimately I try not to focus on my competition and focus on what I’m doing.”

World record holder Armand Duplantis did not disappoint his home fans as the Swede won the pole vault with a leap of 6.02 metres.

He finished ahead of American Sam Kendricks who managed a season’s best 5.92m and France’s Renaud Lavillenie who also cleared 5.92.

“It was really important for me to just kind of go out here and try to get over six metres, and then maybe take a few better shots at the world record, but overall 6.02 was a nice jump so I can’t complain,” Duplantis said.

“Stockholm is a special place for me, I have had some quite great results here in the past few years, so it’s like every time I come here, something good happens.”

With the Tokyo Olympics due to begin in a little over three weeks, world long jump champion Tajay Gayle of Jamaica produced a season’s best leap of 8.55 metres to win.

“I’m surprised I jumped that far because my feet have not really been responding and I was tired after the golden meet in Brussels. But I’m very, very, pleased and very happy with the result,” he said.

Cuban Juan Miguel Echevarria came second with 8.29 metres and Sweden’s Thobias Montler third with 8.23.

Kenya’s Ferguson Cheruiyot Rotich produced a season’s best performance in the 800 metres, coming from behind to win in 1:43:84. Canada’s Marco Arop was second in 1:44:00 and Elliot Giles of Britain third in 1:44:05.

Former world champion Hyvin Kiyeng of Kenya dominated the women’s 3,000m steeplechase, winning in a time of 9:04.34 ahead of her compatriot and world record holder Beatrice Chepkoech who could only finish third. Germany’s Gesa Felicitas Krause was second.

“I feel good and to get through a race is good on the way to the Olympics,” Kiyeng said.

Kenya’s Timothy Cheruiyot, the 1,500 metres world champion, won comfortably in a time of 3:32.30 in his first race since failing to qualify for Tokyo.

New Zealand’s Valerie Adams, twice Olympic champion, won the women’s shot put with a throw of 19.26 metres.

“This was my first Diamond League since 2018, and since 2018 I’ve had two kids so I’m very happy,” she said.

(Reporting by Omar Mohammed, editing by Ed Osmond)

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Canada says government fund helping to cut methane emissions

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By Nia Williams

CALGARY, Alberta (Reuters) – A Canadian government fund established to help the energy sector reduce methane emissions will cut the country’s overall carbon dioxide emissions by about half a percentage point in its first year, Natural Resources Minister Seamus O’Regan said on Friday.

The oil and gas sector is Canada‘s largest industrial emitter of methane, a potent climate-warming greenhouse gas that accounts for 13%, or 91 megatons, of the country‘s overall emissions.

In a news release, O’Regan said the C$750 million ($598.61 million) Emissions Reduction Fund would help the industry cut 3.1 megatons of carbon dioxide emissions in the 12 months since it was launched last October. That is the equivalent of taking 674,000 cars off the road.

Canada hopes the fund will spur the oil and gas sector to adopt greener technologies while also supporting energy jobs. The government has signed funding agreements totalling C$71.5 million with 15 companies so far, including privately-owned Tundra Oil & Gas Ltd in Manitoba.

“We have hundreds of thousands of workers who know how to build energy infrastructure,” O’Regan said. “These are the same people who will lower emissions, the same people who will build renewables, the same people who will meet our targets.”

Canada is the world’s fourth-largest oil producer and one of the biggest greenhouse gas emitters on a per capita basis.

Canadian Prime Minister Justin Trudeau’s Liberal government is aiming to cut carbon emissions from 730 megatons per year to 503 megatons by 2030, and has imposed measures including a carbon tax that will steadily ramp up to C$170 a ton.

Canada introduced national methane regulations in 2018, aimed at cutting emissions from the oil and gas sector by 40% to 45% and said in December it will establish new targets for 2030 and 2035. Data released last year, however, showed methane emissions from Canada‘s oil sector were higher than previously thought.

U.S. President Joe Biden’s administration also is planning to introduce stricter curbs on methane from the oil and gas industry.

($1 = 1.2529 Canadian dollars)

 

(Reporting by Nia Williams; Editing by Paul Simao)

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Canada extends travel restrictions at U.S. border

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By David Shepardson

WASHINGTON (Reuters) – U.S. land borders with Canada will remain closed to non-essential travel until at least April 21, the Canadian government said Thursday.

The new 30-day extension is the second announced under President Joe Biden and comes as U.S lawmakers in border states have urged lifting the nearly year-old restrictions to address the COVID-19 pandemic.

Canada has shown little interest in lifting the restrictions and last month imposed new COVID-19 testing requirements for some Canadians returning at and crossings.

 

(Reporting by David Shepardson; Editing by Chizu Nomiyama)

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