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May 29, 2015

U.S. Lew urges broad deal on Greece now, focus on details later

DRESDEN, Germany (Reuters) – Greece and its creditors need to quickly agree on a broad deal to address the Greek debt crisis and then work out the details before Athens hits deadlines for repayments, U.S. Treasury Secretary Jack Lew said on Friday.

Lew, speaking to reporters after a meeting of policymakers from the Group of Seven economies, said a speedy deal would reduce the chances of an “accident” and he wanted to see a pragmatic outcome to the protracted crisis.

May 28, 2015

Canada sees increased potential for financial market instability

DRESDEN, Germany, May 28 (Reuters) – Canada sees an
increased potential for financial market instability, in part
due to the rise in value of the U.S. dollar, Finance Minister
Joe Oliver told reporters on Thursday.

Speaking on the sidelines of a meeting of the finance chiefs
from the Group of Seven countries, Oliver said that Canada was
also worried about the persistent downside risks posed by
geopolitical tensions as well as the potential for the Greek
crisis to threaten Europe’s recovery.

May 27, 2015

G7 finance chiefs ponder flagging growth amid Greek crisis fears

DRESDEN, Germany (Reuters) – G7 ministers and central bank heads convened on Wednesday to discuss how to revive global growth and China’s increasing clout, while keeping a close eye on the protracted talks to avoid a Greek default.

Although the Greek crisis is not on the official agenda for the three-day meeting in the German city of Dresden, it will be discussed on the sidelines.

May 27, 2015

Canada doesn’t see inadvertent moves on Greece crisis – Oliver

DRESDEN, Germany, May 27 (Reuters) – Canadian Finance
Minister Joe Oliver said on Wednesday he did not think “anything
inadvertent” would happen to derail progress towards a solution
on the long-running Greek crisis.

Earlier in the day, U.S. Treasury Secretary Jack Lew urged
international creditors to show more flexibility in negotiations
with Athens to avert a possible default and exit from the euro
zone with incalculable consequences. {ID:nL3N0YI3YR]

May 25, 2015

Canada says Iraqi forces must become much more effective

OTTAWA (Reuters) – Canada, one of the nations helping Iraq to fight the Islamic State movement, said on Monday that recent gains by the militants showed the Iraqi army must “massively improve its effectiveness”.

Defence Minister Jason Kenney also said Canada has no plans to expand its existing training operations in northern Iraq, where around 70 Canadian special forces troops are working with Kurdish peshmerga fighters.

May 15, 2015

Canada sets 30 percent cut in greenhouse gas output, details sparse

WINNIPEG/OTTAWA (Reuters) – Canada, under fire for its environmental record, pledged on Friday to slash greenhouse gas emissions by 30 percent below 2005 levels by 2030 but gave very few details of what Ottawa acknowledged was an ambitious plan.

Critics dismissed the pledge, noting Canada has no chance of meeting its existing 2020 target for cutting the output of gases widely blamed for global warming.

May 11, 2015

Canada says will defend dairy protection at Pacific trade talks

OTTAWA, May 11 (Reuters) – Canada will continue to defend a
system of tariffs and quotas that protect dairy farmers, a
senior official said on Monday, in comments that could worry
nations negotiating a Pacific trade treaty.

Canada is under pressure at talks to create a Trans-Pacific
Partnership (TPP) because concessions sought by the other 11
nations could cause trouble for the ruling Conservatives in this
October’s general election.

May 8, 2015

Election timing puts Canada gov’t in bind on Pacific trade talks

OTTAWA, May 8 (Reuters) – Canada is facing a tough squeeze
at talks on a major Pacific trade treaty because the concessions
other nations want it to make could cause serious problems for
the governing Conservatives in this October’s general election.

Canada, one of 12 nations aiming to create the Trans-Pacific
Partnership (TPP), is under pressure to start dismantling
protections for its dairy and poultry industry that keep
domestic prices high and make imports expensive.

May 8, 2015

Canada sheds 19,700 jobs but analysts see signs of resilience

OTTAWA, May 8 (Reuters) – Canada shed 19,700 jobs in April
as losses in part-time work offset gains in full-time positions,
but analysts said the data signaled some resilience to the
damaging impact of the oil price slump on the country’s
petroleum-producing economy.

Statistics Canada said on Friday the jobless rate stayed at
6.8 percent in April. Analysts had expected a net job loss of
5,000 positions.

May 5, 2015

Canada to cap wholesale wireless rates charged by big firms

GATINEAU, Quebec, May 5 (Reuters) – Canada will limit the
wholesale wireless rates that major companies charge their
rivals as part of a push to boost competition in the
telecommunications sector, the country’s broadcast regulator
said on Tuesday.

The move means the three firms that dominate the market —
Telus Corp, BCE Inc and Rogers Communications
Inc — will have to charge lower rates than at
present. This is designed to allow smaller firms to expand.

    • About David

      "I have been the National Political Correspondent in Canada for Reuters since 1999, focussing on politics, defence (in particular Canada's role in the Afghan War) and the environment. I won the award for Reuters Treasury scoop in 2009 for my work at the G20 summit. From 1995 to 1999 I worked in London, mainly covering foreign affairs, and from 1989 to 1995 I was stationed in Moscow where I covered the collapse of the Soviet Union and the many conflicts this helped trigger."
      Joined Reuters:
      English, French, Russian
      Treasury scoop of the year 2009
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