OTTAWA, June 6 (Reuters) – Downbeat Canadian jobs and
productivity data released on Friday showed the economy is still
struggling to recover fully despite a strengthening U.S.
Although Statistics Canada said the economy created a net
25,800 jobs in May, all of them were part-time. Full-time jobs
dropped by 29,100, bringing the two-month loss to a round 60,000
OTTAWA (Reuters) – Canadian police mounted a massive hunt on Thursday for a 24-year-old man armed with high-powered weapons who they suspect shot dead three police officers and wounded two more in the eastern city of Moncton.
The incident was one of the worst of its kind in Canada, where fatal attacks on police are rare.
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.
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.
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.
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.
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
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.
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.
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
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.
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.