David's Feed
Jan 16, 2014

Canada loses patience on Keystone XL, tells U.S. to decide

OTTAWA (Reuters) – Canada bluntly told the United States on Thursday to settle the fate of TransCanada Corp’s proposed Keystone XL pipeline, saying the drawn-out process on whether to approve the northern leg of the project was taking too long.

The hard-line comments by Foreign Minister John Baird were the clearest sign yet that Canada’s Conservative government has lost patience over what it sees as U.S. foot-dragging.

Jan 14, 2014

Olympics-Nordic Combined-Soldier Frenzel fights on the slopes

Jan 14 (Reuters) – Very few athletes in need of a ride home from an international competition can call on their Air Force for help.

German two-time Nordic Combined world champion Eric Frenzel, however, is a member of the armed forces. So when the event in northern Finland ended last November, he and his teammates flew straight home on a military transport plane.

Jan 10, 2014

Olympics-Ski jumping-’Schlieri’ aims to soar in Sochi

Jan 10 (Reuters) – A year ago, Gregor Schlierenzauer became one of the most successful ski jumpers in history at just 23 but the charismatic Austrian still has a glaring omission from his list of achievements – an individual Olympic gold medal.

Backed by high-profile sponsors such as sports marketing giant Red Bull, he has won a record number of World Cup events, is the defending World Cup champion and away from competition he even runs his own fashion label.

Jan 8, 2014

Cyrenaica lobbyist says too early to talk about Libya oil sales

OTTAWA (Reuters) – A lobbyist for Libya’s self-declared eastern government of Cyrenaica said on Wednesday that any talk of the region selling oil would have to wait until the country’s political turmoil had ended.

Armed protesters who want Tripoli to share oil revenues seized three eastern crude export ports last year. They are now inviting foreign firms to buy crude from the ports, but Prime Minister Ali Zeidan said on Wednesday that Libya might sink tankers trying to load oil.

Jan 7, 2014

Canada hit by big trade deficit, low purchasing activity

OTTAWA, Jan 7 (Reuters) – Prospects for Canada’s economy
dimmed on Tuesday with news that activity by purchasing managers
nosedived unexpectedly in December, while the country posted a
big trade deficit a month earlier.

The double dose of bearish news helped push the Canadian
dollar to its weakest level against the U.S. dollar
since 2010.

Dec 23, 2013

Canada economy grows more than expected, boosting recovery hopes

OTTAWA, Dec 23 (Reuters) – The Canadian economy showed
unexpected strength in October, growing for the fourth month in
a row and boosting market hopes that the country might finally
be shaking off the worst of the great recession.

Statistics Canada said on Monday the economy had grown by
0.3 percent from September. Analysts had forecast a 0.2 percent
advance after September’s 0.3 percent increase.

Dec 17, 2013

Surprise jump in Canada factory sales could lift growth

OTTAWA, Dec 17 (Reuters) – Strong food shipments pushed
Canadian factory sales in October to their highest level since
May 2012, an unexpected development that could help underpin
fourth-quarter economic growth.

Statistics Canada said on Tuesday that manufacturing sales
in October rose by 1.0 percent from September to hit C$50.09
billion ($47.25 billion). Analysts had forecast a 0.3 percent

Dec 13, 2013

Canada household debt-to-income ratio hits record high

OTTAWA, Dec 13 (Reuters) – The ratio of Canadian household
debt to income edged up to a record high in the third quarter
but the pace of growth almost halved, which might calm
policymakers fretting about high personal debt levels.

The ratio hit 163.7 percent in the third quarter from 163.1
percent in the second quarter, Statistics Canada said on Friday.
The ratio increased by 0.34 percent from the second quarter
after advancing by 0.65 percent in the second quarter over the

Dec 11, 2013

Canada to phase out home mail delivery to cut big losses

OTTAWA, Dec 11 (Reuters) – Canada’s postal service will
phase out urban home delivery within five years and hike the
cost of postage stamps to try to stem soaring losses, the post
office said on Wednesday.

Canada Post, like the U.S. Postal Service, is suffering as
customers switch to digital communications. In August it said it
was on track to run short of cash by the middle of 2014 unless
major changes were made.

Dec 6, 2013

Canada adds 21,600 jobs in Nov, jobless rate stays at 6.9 pct

OTTAWA, Dec 6 (Reuters) – Canada added 21,600 jobs in
November, the third consecutive month of modest gains, and the
unemployment rate stayed at a nearly five-year low of 6.9
percent, Statistics Canada said on Friday.

The increase, greater than the 12,000 new jobs predicted by
market analysts, is unlikely to put pressure on the Bank of
Canada to raise rates.

    • 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
    • Contact David

    • Follow David