OTTAWA/TORONTO, Oct 15 (Reuters) – Canada’s government is
closely monitoring a dispute between the railroad workers’ union
and Canadian National Railway Co and wants both sides
to continue talking, a spokeswoman for Labour Minister Kellie
Leitch said on Tuesday.
The railway says talks will resume on Oct. 21 with
government-appointed mediators, and union spokesman Roland
Hackl, a member of the bargaining team, said the union hoped to
reach a deal “without a labor disruption.”
OTTAWA, Oct 11 (Reuters) – Canada added 11,900 jobs in
September and the unemployment rate dropped to an almost
five-year low of 6.9 percent, largely because fewer youths were
looking for work, Statistics Canada said on Friday.
While September’s report shows that Canada had largely
regained jobs lost during the 2008-09 recession, there is little
sign that resurgent growth is in the offing and thus little
likelihood that the Bank of Canada will be impelled to tighten
interest rates soon.
OTTAWA, Oct 10 (Reuters) – During visits to China and South
Korea next week, a senior Canadian official will promote
investment in Canadian oil and gas firms despite strict limits
Ottawa imposed in 2012 on foreign purchases in the energy
Canada’s Conservative government last year allowed Chinese
firm CNOOC Ltd to buy energy company Nexen while
making clear that foreign state-owned companies would not be
allowed in the future to buy majority stakes in energy
OTTAWA, Oct 9 (Reuters) – Allegations that Canadian security
officials spied on a Brazilian ministry give Canada “a black eye
in the world,” a top opposition leader said on Wednesday,
putting more pressure on Prime Minister Stephen Harper to
explain the affair.
Thomas Mulcair, leader of the official opposition New
Democrats, branded as “unacceptable” the allegations in a
Brazilian media report saying the Communications Security
Establishment Canada (CSEC) had targeted the Brazilian mines and
OTTAWA, Oct 8 (Reuters) – Canadian Prime Minister Stephen
Harper expressed concern on Tuesday about allegations that
Canada’s signals intelligence agency had targeted Brazil and
said officials were reaching out to their Brazilian
Brazilian President Dilma Rousseff on Monday demanded Canada
explain a media report that said the Communications Security
Establishment Canada (known as CSE or CSEC) – the equivalent of
the top-secret U.S. National Security Agency – had spied on
Brazil’s Mines and Energy Ministry.
OTTAWA, Oct 8 (Reuters) – Canada’s trade deficit widened
more than expected in August as imports soared to a record high,
suggesting that exports were still not providing the
much-desired boost to economic growth in the third quarter.
The trade deficit climbed to C$1.31 billion ($1.27 billion)
as imports grew by 2.1 percent to set a new record and exports
rose by 1.8 percent, Statistics Canada said on Tuesday.
OTTAWA (Reuters) – Canadian Prime Minister Stephen Harper said on Monday he would not attend a November summit of the Commonwealth in Sri Lanka because of what he called human rights abuses on the island.
“We remain disturbed by ongoing reports of intimidation and incarceration of political leaders and journalists, harassment of minorities, reported disappearances, and allegations of extra judicial killings,” he said in a statement.
OTTAWA (Reuters) – The investor that has struck a tentative $4.7 billion deal to take smartphone maker BlackBerry Ltd private is aggressively touting his group’s Canadian status to avoid the government reviews of foreign takeovers that have plagued recent attempts to buy Canadian companies.
The $9 a share proposal, from an as-yet unidentified consortium led by Canadian investment guru Prem Watsa’s Fairfax Financial Holdings, was announced on Monday. That was the first working day after BlackBerry shares dived after the company warned of an almost billion-dollar quarterly loss and announced it was laying off more than a third of its workers.
OTTAWA, Sept 17 (Reuters) – Canadian manufacturing sales
jumped a much greater-than-expected 1.7 percent in July from
June, a sign the economy is recovering after disruptions caused
by floods in Alberta and a work stoppage in Quebec.
Analysts had predicted sales would rise 0.5 percent from
June. The month-on-month increase was the largest since the 3.5
percent leap in February, Statistics Canada said on Tuesday.
OTTAWA, Sept 13 (Reuters) – The ratio of household debt to
income in Canada hit a record high in the second quarter,
although the pace of growth slowed from the same period in 2012,
Statistics Canada said on Friday.
The federal government and the Bank of Canada have expressed
concern that Canadians are taking on too much debt – in
particular cheap mortgages – at a time when interest rates are
at near record lows. Officials fret that when rates go up
eventually, some consumers could find themselves in trouble.