Correspondent, Toronto, Canada
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Mar 26, 2013
Mar 24, 2013
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.

    • 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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