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Nov 17, 2014

Ontario deficit projections unchanged, books seen balanced in 2017-18

TORONTO, Nov 17 (Reuters) – The Canadian province of Ontario
trimmed its economic growth forecasts for the next three years
on Monday but left its deficit targets unchanged and said its
budget will be balanced by 2017-18.

In his fall fiscal update, Finance Minister Charles Sousa
projected a deficit of C$12.5 billion ($11.1 billion) in fiscal
2014-15, ending March 31, unchanged from the forecast the
province’s Liberal government made in its July budget.

Nov 17, 2014

Canadian home sales edge higher in October

TORONTO, Nov 17 (Reuters) – Sales of existing homes in
Canada edged higher in October from September, the Canadian Real
Estate Association said on Monday, suggesting the housing market
was carrying momentum into the traditionally slower winter
months.

The industry group for real estate agents said sales rose
0.7 percent last month from September. Actual sales for October,
not seasonally adjusted, were up 7.0 percent from October 2013.

Nov 13, 2014

Brazil, China, India still offer investment value – CPPIB

TORONTO, Nov 13 (Reuters) – Brazil, China and India still
offer long-term investment value but a lot of global assets are
fully priced and competing with huge sovereign wealth funds is
getting harder, one of Canada’s biggest dealmakers said on
Thursday.

The head of Canada Pension Plan Investment Board, one of the
world’s biggest pension funds, said market conditions remain
difficult because assets are fairly priced, which means deal
activity will be below average and CPPIB will have to “pick its
spots” to find good investments.

Nov 9, 2014

Canada PM under pressure over detained couple on China visit

BEIJING (Reuters) – Canadian Prime Minister Stephen Harper came under increased pressure on Sunday as the son of a Canadian couple detained in China said he was not sure Canada was doing enough to help his parents.

And the opposition leader said Harper should be speaking publicly about the case while he is in Beijing.

Nov 8, 2014

Canada signs China trade deals, raises case of two detained Canadians

BEIJING, Nov 8 (Reuters) – Canadian and Chinese companies
have signed trade deals worth more than C$2.5 billion, despite
continued tension over the detention of two Canadians near the
North Korean border.

Canadian Prime Minister Stephen Harper said the more than 20
commercial agreements signed between executives from both
countries are expected to create more than 2,000 jobs in
industries as diverse as aerospace, infrastructure, mining,
energy and agri-food.

Nov 8, 2014

Bombardier CEO sees Mexico 6-mth high-speed rail bid window as “tight”

BEIJING, Nov 8 (Reuters) – Canadian train and planemaker
Bombardier said a six-month window to prepare a bid
for Mexico’s $3.75 billion high-speed rail contract looked
tight.

Mexico on Friday revoked the contract from consortium led by
state-backed China Railway Constructon Corp.

Nov 8, 2014

Chinese, Canadian central banks agree to 200 bln yuan currency swap

BEIJING, Nov 8 (Reuters) – China’s and Canada’s central
banks agreed to a currency swap worth 200 billion yuan ($32.67
billion) or C$30 billion, said a Canadian government statement
issued at a meeting of Asia Pacific nations on Saturday.

The statement did not say for how long the currency swap
would be effective. The agreement was announced after Canadian
Prime Minister Stephen Harper met Chinese Premier Li Keqiang.

Nov 7, 2014

Canada businesses impatient for China growth as Harper promotes trade ties

HANGZHOU, China, Nov 7 (Reuters) – Canadian Prime Minister
Stephen Harper kicked off his trade mission to China on Friday
facing criticism from businesses that the troubled diplomatic
relationship between the two nations has hampered their efforts
to tap China’s burgeoning market.

Harper, on his first visit to China in two years, announced
the opening of four new trade offices in the cities of Hangzhou,
Xian, Xiamen and Tianjin to help the entry of Canadian
businesses into the fastest growing regions of China.

Nov 6, 2014

Canada’s Harper heads to China with pressure on all sides

OTTAWA (Reuters) – Canadian Prime Minister Stephen Harper arrives in China on Thursday, facing the delicate task of improving economic ties with Canada’s second-largest trading partner without sparking voter backlash or a revolt within his own party a year ahead of an election.

Dogged by low approval ratings, a divided cabinet and popular opposition to closer ties with China, Harper needs to come away with notable victories, such as the release of a detained Canadian couple, to be able to count the trip a success.

Oct 31, 2014

Canadian who killed police gets five life sentences

By Andrea Hopkins

(Reuters) – A man who killed three Royal Canadian Mounted Police officers was sentenced on Friday to five life sentences in prison, with no possibility of parole for 75 years, the harshest sentence handed down by a Canadian court since the death penalty was eliminated.

Justin Bourque, 24, pleaded guilty to three counts of murder and two counts of attempted murder in the June shootings, when he walked down the streets of the eastern Canadian city of Moncton carrying multiple weapons and then shot police who responded to calls from concerned neighbors.