Caroline Stauffer

Toronto

Canada Bureau Chief at Reuters

Chicago News Editor for Reuters. We cover trade, farming, politics and more. Former South Latin America bureau chief still keeping an eye on the region.

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Articles

Canadian opposition, oil CEOs call for scrapping federal carbon price system

1 month ago | cp24.com | Amanda Stephenson |Caroline Stauffer |Marguerita Choy

CALGARY -- The future of Canada's six-year-old carbon pricing system is on shaky ground after 14 oil and gas CEOs and the political opposition leader this week called for its repeal. Scrapping the system, which aims to reduce pollution by giving heavy industry a financial incentive to cut carbon emissions, however, puts the viability of a high-profile carbon capture project to reduce oil sands pollution in doubt.
BMO changes some mortgage rules for steel, aluminum business owners due to trade war

1 month ago | mining.com | Caroline Stauffer

Canada’s Bank of Montreal has changed some terms of its mortgage process for steel and aluminum business owners, a memo sent to its brokers shows, as US tariffs stoke uncertainties in the industry. The lender said in the memo this week that borrowers’ total debt service ratio – the percentage of monthly household income that covers housing costs and other debts – will be reduced to 42% from 44%, meaning the borrower will have more room to manage their housing budget and a smaller mortgage.
US government blocks Canadian access to border-straddling library

1 month ago | today.westlaw.com | Ted Hesson |Peter Mccabe |Allison Lampert |Caroline Stauffer

STANSTEAD, Quebec (Reuters) - U.S. authorities said on Friday they are closing Canadian access to a library straddling the Canada-U.S. border, drawing criticism from a Quebec town where people have long enjoyed easy entry to the space.
Bank of Canada considered leaving rates unchanged, governor tells Reuters

1 month ago | msn.com | Promit Mukherjee |Caroline Stauffer

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Bank of Canada considered leaving rates unchanged, governor tells Reuters

1 month ago | kfgo.com | Promit Mukherjee |Caroline Stauffer

By Promit Mukherjee and Caroline StaufferOTTAWA, March 12 (Reuters) – The Bank of Canada considered leaving its key policy rate at 3% ahead of a scheduled announcement on Wednesday before concluding it needed to cut for the seventh consecutive time, Governor Tiff Macklem said in an interview.
Canada to extend mineral exploration tax credit for two more years

1 month ago | mining.com | Caroline Stauffer |Nia Williams

Canada will extend a tax credit on mineral exploration for two additional years as part of the government’s move to support investment in exploration projects, energy, and natural resources, Natural Resources Minister Jonathan Wilkinson said on Sunday. The mineral exploration tax credit is a capital market tool that offers investors a 15% tax credit to invest in flow-through shares of smaller mining companies. It was set to expire on March 31.
Analysis-Canada wants new oil pipelines to avoid Trump tariffs; nobody wants to build them

1 month ago | today.westlaw.com | Caroline Stauffer |Amanda Stephenson |David Gregorio

CALGARY (Reuters) - The Canadian government would have to play a significant role in any project to build new oil pipelines in Canada to overcome regulatory, financial and political hurdles and activist opposition, industry experts said.
Canadian bishop accused of sex abuse in Quebec class-action suit resigns

2 months ago | globalnews.ca | David Ljunggren |Caroline Stauffer |Hugh Lawson |David Gregorio

Pope Francis on Tuesday said he had accepted the resignation of a Canadian bishop who has been named in a class-action lawsuit against the church that alleges sexual assault. The pope did not give a reason for replacing Jean-Pierre Blais, the 75-year-old bishop of Baie-Comeau in the predominantly French-speaking province of Quebec, and the diocese said the resignation was not linked to the allegations.
Canadians cancel trips, ban American booze after Trump's tariffs

2 months ago | today.westlaw.com | Nivedita Balu |Caroline Stauffer |Diane Craft |Amanda Stephenson

TORONTO/CALGARY/WINNIPEG (Reuters) - Canadians have canceled trips south of the border, boycotted U.S. alcohol and other products and even booed at sporting events after U.S. President Donald Trump announced 25% tariffs on most of Canada's goods on...
TD Bank global anti-money laundering officer stepping down

Jan 23, 2025 | today.westlaw.com | Nivedita Balu |Caroline Stauffer |Rod Nickel

TORONTO (Reuters) -TD Bank said on Thursday Chief Global Anti-Money Laundering Officer Herbert Mazariegos is stepping down immediately, as the bank takes remediation actions after it was fined by U.S. regulators for compliance failures.