Andrea's Feed
Apr 21, 2015

ECB emergency funds to Greece directly tied to health of its banks: Dombret

TORONTO (Reuters) – The provision of European Central Bank emergency liquidity to Greece is “directly correlated” to the health of its banks and will continue as long as the preconditions are met, a top policymaker from Germany’s Bundesbank said on Tuesday.

Bundesbank board member Andreas Dombret declined to say how the ECB should respond if Greece defaulted.

Apr 17, 2015

Ontario Finance Minister sees pension fund interest in Hydro One

TORONTO, April 17 (Reuters) – Ontario Finance Minister
Charles Sousa said on Friday he expects all of Canada’s major
pension funds to be interested in a stake of Hydro One as the
province prepares to sell off 60 percent of the provincial
electricity transmission utility.

“Right now we know that a lot of the pension companies are
eager … it’s a good mix for their portfolio, they are hungry
for places to invest and this is one of those sectors in the
economy that gives them comfort,” Sousa said in an interview.

Apr 16, 2015

Ontario to sell 60 pct of Hydro One in IPO

TORONTO, April 16 (Reuters) – Ontario Premier Kathleen Wynne
said on Thursday her Liberal government would sell up to 60
percent of the province’s electrical utility Hydro One but would
limit minority shareholders to 10 percent stakes.

Canada’s most populous province would continue to regulate
electricity rates, Wynne told a news conference.

Apr 15, 2015

Canadian existing home sales rise in March – CREA

TORONTO, April 15 (Reuters) – Sales of existing homes in
Canada rose in March from February, led by gains in the big
Toronto and Vancouver markets, the Canadian Real Estate
Association (CREA) said on Wednesday.

The industry group for Canadian real estate agents said
sales were up 4.1 percent last month from February. Actual sales
for March, not seasonally adjusted, were up 9.5 percent from
March 2014.

Apr 14, 2015

Canada resale home prices hit new high in March

TORONTO, April 14 (Reuters) – Canadian home resale prices
rose to a record high in March, paced by gains in the two
biggest markets, the Teranet-National Bank Composite House Price
Index showed on Tuesday, but a correction appears underway in
other regions.

The index, which measures price changes for repeat sales of
single-family homes, showed national home prices rose 0.3
percent last month from February. Prices were up 4.7 percent
from a year earlier. The index does not provide actual prices.

Apr 10, 2015

Canadian housing starts rebound more than expected in March

TORONTO, April 10 (Reuters) – Canadian housing starts rose
much more sharply than expected in March as groundbreaking on
new condominiums and apartments in urban areas surged 48.2
percent, while February numbers were revised slightly lower,
data showed on Friday.

The report from the Canadian Mortgage and Housing Corp
showed the seasonally adjusted annualized rate of housing starts
rose to 189,708 units last month from a downwardly revised
151,238 units in February. This exceeded the 175,000 that
economists had expected.

Mar 13, 2015

Canadian existing homes sales rose in February -CREA

TORONTO, March 13 (Reuters) – Sales of existing homes in
Canada rose in February from January as gains in the biggest
markets of Toronto and Vancouver offset a faltering market
everywhere else, the Canadian Real Estate Association said on

The industry group for Canadian real estate agents said
sales activity was up 1.0 percent last month from January, the
first monthly increase since October. Actual sales for February,
not seasonally adjusted, were up 2.7 percent from February 2014.

Mar 12, 2015

Canada home prices struggle, correction seen in some markets

TORONTO, March 12 (Reuters) – Prices for new homes in Canada
fell for the first time in nearly five years in January, and
figures for home resales in February showed a correction
underway in several markets with prices scratching out just a
slight gain nationally.

Another report on Thursday showed Canada’s household
debt-to-income ratio rose to a record high in the fourth
quarter, making consumers more vulnerable just as some
economists say the housing market is at a tipping point.

Mar 11, 2015

Canadian police say man on high-risk watch list fled country

TORONTO (Reuters) – A Canadian man who was on a police watch list for high-risk travelers has left the country illegally and is being sought for arrest, police said on Wednesday.

Mohamed El Shaer is one of about 90 high-risk travelers the Royal Canadian Mounted Police has been watching because of what it says are their ties to foreign fighters or terrorist groups. He left Canada without a valid passport after being released from jail in mid-January, the RCMP said.

Mar 10, 2015

IPO plan for Ontario’s Hydro One in works -report

TORONTO, March 10 (Reuters) – Ontario’s Liberal
government is crafting a plan to sell shares in provincially
owned electrical utility Hydro One in its bid to fund upgrades
in transit and transport infrastructure, the Globe and Mail
reported on Tuesday.

The story, which cited unnamed government and industry
sources, said under the proposal the province would float 10
percent to 15 percent of Hydro One in an initial public
offering, and possibly follow with additional stock sales that
would further reduce its stake.