TORONTO, Feb 20 (Reuters) – Canada’s main stock index
slipped on Friday as grim domestic economic news and prospects
for another interest rate cut weighed on financials, offsetting
strength in gold stocks and a surge in drugmaker Valeant
as it closes in on a deal to buy Salix.
Retail sales fell by the most in four years in December,
data showed, with subdued holiday shopping and cheaper oil
accounting for the surprise 2 percent drop.
TORONTO/CALGARY, Feb 17 (Reuters) – Sales of existing homes
in Canada slipped further in January as the drop in oil prices
hurt homebuyer demand in western Canada, the Canadian Real
Estate Association (CREA) said on Tuesday, with one analyst
saying seller panic has set in.
The industry group for Canadian real estate agents said
sales activity was down 3.1 percent last month from December,
the third consecutive monthly decline.
TORONTO, Feb 12 (Reuters) – Canadian home prices rose in
recent months, with resale prices up in January after two months
of declines and the price of new homes up in December for the
fourth straight month, separate reports showed on Thursday.
Prices for repeat sales of single-family homes showed
national home prices rose 0.2 percent last month and were up 4.7
percent from a year earlier, according to the Teranet-National
Bank Composite House Price Index.
RICHMOND HILL, Ontario (Reuters) – New anti-terror legislation in Canada would make it a crime to call for attacks on the country and give a much larger role to the government’s main spy agency.
The bill introduced by the Conservative government on Friday would give the spy agency, the Canadian Security Intelligence Service, the ability to disrupt attacks by interfering with travel plans or communications, for example. In the past, CSIS has been limited to the collection of intelligence.
RICHMOND HILL, Ontario, Jan 30 (Reuters) – New anti-terror
legislation in Canada would make it a crime for anyone to call
for attacks on the country and give a much larger role to the
government’s main spy agency.
The bill introduced by the Conservative government on Friday
would give the spy agency, the Canadian Security Intelligence
Service (CSIS), the ability to disrupt planned attacks, by
interfering with travel plans or with communications, for
example. In the past, CSIS has been limited mainly to the
collection of intelligence.
CATHARINES, Ontario (Reuters) – Canadian Prime Minister Stephen Harper voiced complete confidence in the Bank of Canada on Thursday, a day after it stunned markets by cutting interest rates amid a plunge in oil prices.
Harper also tried to play down the effects of the slide in crude prices and repeated a promise to balance the budget in 2015/16, an important political move ahead of an election set for October.
TORONTO (Reuters) – A surprise move by the Bank of Canada to cut interest rates on Wednesday could reignite Canada’s housing market and renew fears of a bubble, just as the market had finally begun to cool after a five-year run to record prices.
Canadian housing prices have risen 36.8 percent on average since mid-2009 and the average home price has doubled over the past decade. Last month, the central bank said the housing market could be overvalued by as much as 30 percent.
TORONTO, Jan 15 (Reuters) – Employees at Target Corp
stores in Canada said they were stunned by the U.S. retailer’s
decision on Thursday to pull out of Canada, believing business
had improved after an admittedly disastrous launch less than two
“It’s a big shock for everyone. I thought it was getting
better,” said one Toronto Target employee who would only give
her first name, Lima, for fear of reprisal from her employer.
TORONTO/LOS ANGELES (Reuters) – Bill Cosby, the subject of more than a dozen sex abuse allegations over the past three months, will go ahead with three Canadian shows this week, coming as more women leveled accusations against the comedian.
Protesters geared up to heckle Cosby and some fans tried to offload their tickets for the three performances in Ontario beginning on Wednesday.
TORONTO, Dec 15 (Reuters) – Sales of existing homes in
Canada were unchanged in November from October, but the Canadian
Real Estate Association revised up its forecasts for sales in
2014 and 2015 amid expectations that low interest rates will
remain support continued strength.
The industry group for Canadian real estate agents said on
Monday sales activity was flat last month from October. Actual
sales for November, not seasonally adjusted, were up 2.7 percent
from November 2013.