Correspondent, Toronto, Canada
Alastair's Feed
Mar 22, 2013
Mar 21, 2013
Mar 20, 2013

Canada’s Flaherty concerned for borrowers at time of low rates

TORONTO, March 20 (Reuters) – Canadian Finance Minister Jim
Flaherty said on Wednesday he was concerned that Canadians might
not be able to afford their mortgages when interest rates rise,
speaking after he gave Manulife Financial a
tongue-lashing for offering ultra-low rates.

“Our concern, my concern for a number of years with very low
interest rates, is to ensure that people can afford their
mortgages when interest rates go up,” Flaherty told reporters.

Mar 17, 2013
Mar 14, 2013
Mar 11, 2013
Mar 8, 2013

C$ jumps on strong jobs data, close below C$1.03 seen positive

TORONTO, March 8 (Reuters) – The Canadian dollar hit a
one-week high on Friday after much better-than-expected jobs
growth in February in both Canada and its main trading partner,
the United States, before pulling back to end the session little
changed.

Analysts said the close below C$1.03 to the greenback
nonetheless signaled a technical victory for the loonie, as
Canada’s currency is colloquially known, after several failed
attempts to breach C$1.0350, which would have been its weakest
level since mid-2012.

Mar 8, 2013

C$ hits one-week high on strong North American jobs data

TORONTO, March 8 (Reuters) – The Canadian dollar
strengthened sharply on Friday to hit a one-week high after much
better-than-expected jobs growth in February in both Canada and
its main trading partner, the United States.

Canada added almost 51,000 jobs in the month, with strong
gains in services industries that vaulted the total well past
the 8,000 additions expected by analysts surveyed by Reuters.

Mar 7, 2013

C$ ends stronger after trade deficit narrows

TORONTO, March 7 (Reuters) – The Canadian dollar
strengthened against the U.S. dollar on Thursday after data
showed Canada’s trade deficit narrowed in January as exports
grew at a faster rate than imports.

The currency also benefited from the greenback’s fall versus
the euro after European Central Bank President Mario Draghi gave
no indication the bank would cut euro-zone interest rates
further.

Mar 7, 2013

Canada aims for more competition in wireless auction

OTTAWA/TORONTO, March 7 (Reuters) – The Canadian government
said on Thursday it would start the process of auctioning prime
wireless spectrum on Nov. 19 and announced other steps designed
to stimulate competition and reduce high roaming charges.

It confirmed its intention, announced last March, to use the
auction of prime 700 MHz spectrum to assure at least four
competitors in each region of the country, limiting the
incumbents to three of four prime blocks in each area.

    • About Alastair

      "Canada tech, media and telecoms reporter based in Toronto, with emphasis on Research In Motion and including coverage of Rogers, Bell Canada, Telus, the new mobile entrants and the tech companies filling in the gaps. Previously spent two years in Cairo bureau chasing Orascom Telecom's Naguib Sawiris. Prior to that, spent a year learning the ropes in London."
      Hometown:
      Melbourne, Australia
      Joined Reuters:
      2007
      Languages:
      English, Arabic
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