David's Feed
Apr 23, 2013

Bank of Canada’s Carney sees little rate-hike pressure

OTTAWA, April 23 (Reuters) – Outgoing Bank of Canada
Governor Mark Carney signaled on Tuesday he feels little
pressure to raise interest rates any time soon, saying he was
“very encouraged” that Canadians were stabilizing their debt
loads and that the housing market was cooling.

“I would say that as we sit here today, we are encouraged by
the fact that the rate of debt accumulation has slowed,” Carney
told lawmakers.

Apr 22, 2013

Canada trade talks stalled, overshadowed by U.S

BRUSSELS/OTTAWA (Reuters) – Talks to wrap up a multi-billion-dollar free trade deal between Canada and Europe have stalled, diplomats said, raising concerns the agreement could be put on hold as Brussels switches its attention to a much bigger pact with the United States.

The Ottawa-Brussels negotiations to open up access to each others’ economies were launched in 2009, and were originally presented as a straightforward bid to reinvigorate growth and generate around $28 billion in trade and new business a year.

Apr 19, 2013

Drop in gasoline prices help keep Canada inflation benign

OTTAWA, April 19 (Reuters) – Canada’s annual inflation rate
in March slowed to 1.0 percent from 1.2 percent in February,
further underlining how little pressure there is on the Bank of
Canada to raise rates any time soon.

The main reason for the drop in the annual rate was lower
gas prices, Statistics Canada said on Friday. The March rate was
slightly less than the 1.1 percent predicted by economists.

Apr 19, 2013

Benign Canada inflation eases pressure for rate hike

OTTAWA, April 19 (Reuters) – Canada’s annual inflation rate
in March slowed to 1.0 percent from 1.2 percent in February,
further underlining how little pressure there is on the Bank of
Canada to raise rates any time soon.

The main reason for the drop in the annual rate was lower
gas prices, Statistics Canada said on Friday. The March rate was
slightly less than the 1.1 percent predicted by economists.

Apr 15, 2013

Canada signals unhappiness with Shaw over spectrum sale plan

OTTAWA, April 15 (Reuters) – Canada’s industry minister
signaled on Monday he is unhappy with Shaw Communications Inc’s
plans to sell wireless spectrum to rival Rogers
Communications Inc, a move that would add heft to
Rogers, already one of three dominant players in the market.

In 2008, Shaw, based in Western Canada, bought some of the
spectrum the Conservative government had set aside for new
entrants in the mobile telephony market as part of a plan to
encourage more competition for the big three: Rogers, BCE Inc’s
Bell Canada and Telus Corp.

Apr 7, 2013

In mid-term doldrums, Canada’s Conservatives hope to reboot

OTTAWA, April 7 (Reuters) – Voter fatigue with Canada’s
ruling Conservatives and signs of stress within the government
are putting Prime Minister Stephen Harper under pressure to
freshen up his team and policies as the telegenic son of Pierre
Trudeau starts snapping at his heels.

Even though the election is 30 months away – in October 2015
- the next few months will be a critical time for Harper, given
mounting evidence in opinion polls that the Conservatives risk
losing power after what would be nearly a decade in office.

Apr 5, 2013

Canada posts worst monthly job losses for more than four years

OTTAWA, April 5 (Reuters) – Canada posted the single worst
monthly jobs loss in more than four years in March, another sign
the economy is struggling to cope with weak foreign markets and
a strong Canadian dollar.

Canada shed 54,500 positions in March, more than wiping out
the 50,700 jobs that had been added in February, Statistic
Canada said on Friday. Market operators had expected a modest
gain of 8,500 jobs.

Apr 4, 2013

Canadian police confirm identity of Algeria attackers, seek help

OTTAWA (Reuters) – Police on Thursday confirmed the identity of two young Canadians who took part in a violent attack on an Algerian gas plant in January and asked the public to help them find out how the two left the country.

Around 70 people, including the two Canadians, were killed when Algerian troops stormed the Tigantourine desert gas plant and ended the siege. The Royal Canadian Mounted Police identified the two men as Xristos Katsiroubas and Ali Medlej.

Apr 2, 2013

Canadians in Algeria attack were young, from middle class – CBC

OTTAWA (Reuters) – Two Canadians who took part in an attack by militants on an Algerian gas plant in January were in their early twenties and from middle-class backgrounds, the Canadian Broadcasting Corp. said on Tuesday.

Around 70 people died when Algerian troops stormed the Tigantourine desert gas plant and ended the siege. The Royal Canadian Mounted Police said last month they had identified two suspects but gave no details.

Mar 26, 2013

Doha fate hinges on December meeting: Indonesian WTO candidate

OTTAWA (Reuters) – A ministers meeting in December will help decide the fate of the long-stalled Doha round of talks to liberalize world trade, a candidate to head the World Trade Organization said on Monday.

Indonesian government minister Mari Pangestu, one of nine people bidding to replace WTO director-general Pascal Lamy when he leaves in May, said the Bali meeting of WTO trade ministers would allow members to judge the level of enthusiasm for carrying on.

    • 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."
      Hometown:
      Ottawa
      Joined Reuters:
      1987
      Languages:
      English, French, Russian
      Awards:
      Treasury scoop of the year 2009
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