Andrea's Feed
Mar 4, 2015

Canada’s Harper: economy will continue to grow despite oil slump

TORONTO, March 4 (Reuters) – The Canadian economy will
continue to grow despite a sharp fall in the price of oil, but
there is plenty of concern in the energy-producing province of
Alberta, Prime Minister Stephen Harper said on Wednesday.

Harper, speaking to reporters after an event in Toronto,
also repeated a promise that his Conservative government would
balance the budget in the 2015-16 fiscal year. Canada is a major
oil exporter.

Mar 2, 2015

Canadian pastor missing after aid trip to North Korea

TORONTO (Reuters) – A head pastor of large Canadian church has failed to return from a humanitarian mission to North Korea, and the Canadian government has reached out to try to locate him, his Toronto-based church said on Monday.

Reverend Hyeon Soo Lim, 60, has made hundreds of trips to North Korea, where he helps oversee a nursing home, a nursery and an orphanage in the Rajin region, said Lisa Pak, a spokeswoman for the Light Korean Presbyterian Church in suburban Toronto.

Feb 20, 2015

TSX lower as weak financials offset gold strength

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.

Feb 17, 2015

Canadian home sales fall again, seller ‘sense of panic’

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.

Feb 12, 2015

Canadian home prices rise, but momentum slowing

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.

Jan 30, 2015

Canada security bill provides new powers to combat terror

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.

Jan 30, 2015

Canada security bill seeks new powers to combat terror

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.

Jan 22, 2015

Harper backs Bank of Canada rate cut; no fiscal stimulus planned

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.

Jan 21, 2015

Canada surprise rate cut keeps housing party going

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.

Jan 15, 2015

Target workers, shoppers, dismayed at Canada pullout

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
years ago.

“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.