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Jun 4, 2014

Bank of Canada holds rates, dovish on inflation

OTTAWA, June 4 (Reuters) – The Bank of Canada held its main
interest rate at 1 percent on Wednesday and said the risks of
low inflation loom as large as ever despite a
faster-than-anticipated rise in prices, remarks that some
economists interpreted as being dovish.

The central bank also flagged weaker-than-expected global
growth and the possibility of slightly less underlying momentum
in the United States, and noted that the Canadian economy grew
only modestly in the first quarter.

Jun 2, 2014

Deal or no deal? EU-Canada trade deal falters at final hurdle

BRUSSELS/OTTAWA, June 2 (Reuters) – Canada and the European
Union are struggling to finalise a multi-billion dollar trade
pact six months after political leaders said it was sealed, an
embarrassment for Brussels as it seeks a far bigger deal with
the United States.

Over a celebratory lunch last October, Canadian Prime
Minister Stephen Harper and European Commission President Jose
Manuel Barroso termed the accord “a landmark achievement for the
transatlantic market” that could come into force next year.

May 26, 2014

Canada probing fatal crashes amid complaints over faulty GM switches

OTTAWA, May 26 (Reuters) – Canada is probing two fatal
crashes in General Motors Co vehicles which were subject
to a recall to fix faulty switches and has received nine further
complaints from drivers, the country’s top transportation
official told Reuters on Monday.

Transport Minister Lisa Raitt said she was sure the number
of complaints potentially linking accidents to the switches
would rise as people became aware of the recall.

May 16, 2014

Exclusive: Canada trimmed Russia sanctions to protect business interests

OTTAWA/TORONTO (Reuters) – Canada broke with the United States and did not impose sanctions on two key allies of Russian President Vladimir Putin because the pair had Canadian business interests, according to sources familiar with the matter.

The revelation puts into question the government’s tough line on Russia over the crisis in Ukraine. Prime Minister Stephen Harper recently compared Putin’s actions to those of Adolf Hitler in the run-up to World War Two.

May 16, 2014

Canada trimmed Russia sanctions to protect business interests

OTTAWA/TORONTO, May 16 (Reuters) – Canada broke with the
United States and did not impose sanctions on two key allies of
Russian President Vladimir Putin because the pair had Canadian
business interests, according to sources familiar with the
matter.

The revelation puts into question the government’s tough
line on Russia over the crisis in Ukraine. Prime Minister
Stephen Harper recently compared Putin’s actions to those of
Adolf Hitler in the run-up to World War Two.

Mar 14, 2014

Canada to make it easier to shut down problem railroads

OTTAWA, March 14 (Reuters) – Canada will bring in new rules
making it easier to quickly shut down unsafe railroads, the
government said on Friday, eight months after 47 people died in
the Lac-Megantic, Quebec, crude-by-rail disaster.

Once the regulations come into force later this year, all
rail companies operating on federally regulated railroads will
require a valid Railway Operating Certificate, the transport
ministry said in a statement.

Mar 14, 2014

Canada household debt-to-income ratio slips from record high

OTTAWA, March 14 (Reuters) – The ratio of Canadian household
debt to income in the fourth quarter of 2013 slipped from a
record high while net worth rose, bolstering the Bank of
Canada’s belief that the housing market is in for a soft
landing.

The central bank and the Conservative government have long
fretted that near record low interest rates might prompt people
to take on too much debt, especially big mortgages that could
increase the chances of a housing crash.

Mar 11, 2014

Canada, South Korea conclude long-delayed free trade deal

OTTAWA, March 11 (Reuters) – Canada and South Korea
announced on Tuesday they had wrapped up talks on a long-delayed
free trade deal which had stalled for years amid squabbles over
exports of autos and beef.

The deal – outlined in a statement by Canadian Prime
Minister Stephen Harper – is particularly important for Canada,
which is trying to cut its reliance on the U.S. market.

Mar 7, 2014

Canada orders railways to boost grain shipments to ease logjam

WINNIPEG, Manitoba/OTTAWA, March 7 (Reuters) – Canada’s
government took the drastic step on Friday of forcing the
country’s two major rail companies to ship at least 500,000
tonnes of grain each a week to ease a massive backlog that is
hurting farmers.

Record crops of wheat and canola, along with frigid weather,
have overwhelmed Canadian National Railway Co and
Canadian Pacific Railway Ltd, resulting in overdue
orders for tens of thousands of grain cars.

Mar 6, 2014

Canada, South Korea very close to free trade deal: sources

OTTAWA (Reuters) – Canada and South Korea are very close to signing a long-delayed free trade deal after years of talks, sources familiar with the negotiations said on Thursday.

“It’s imminent,” said one business source, who asked for anonymity because a formal announcement had not been made yet.

    • 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:
      1987
      Languages:
      English, French, Russian
      Awards:
      Treasury scoop of the year 2009
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