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Jun 4, 2015

Canada, Mexico push for $3 billion in sanctions against U.S.

OTTAWA/MEXICO CITY (Reuters) – Canada and Mexico will seek World Trade Organization authorization to impose over $3 billion in sanctions against U.S. exports in retaliation against contentious meat-labeling laws, the two nations said on Thursday.

U.S. legislators have signaled they plan to repeal the 2009 laws, which Canada and Mexico says makes their meat products more expensive.

Jun 3, 2015

Canada police missed chances to stop Parliament attacker: probe

OTTAWA (Reuters) – Canadian police missed chances to stop a gunman who stormed into Parliament last October after killing a soldier, an official probe said on Wednesday, adding that the attack could have been much worse.

Michael Zehaf-Bibeau, a convert to Islam who said he wanted to punish Canada for sending troops to Afghanistan and Iraq, ran right past a room where the prime minister was meeting legislators. He was quickly shot dead by security forces.

Jun 3, 2015

Canada posts near-record trade deficit, imports and exports drop

OTTAWA, June 3 (Reuters) – Canada posted a near-record trade
deficit of C$2.97 billion ($2.40 billion) in April as both
imports and exports fell in another sign of challenges facing
the economy, Statistics Canada data showed on Wednesday.

Traders had expected a shortfall of C$2.10 billion. The
deficit, the seventh in a row, was the second largest on record
after the C$3.85 billion recorded in March.

Jun 3, 2015

As key allies leave, next election may be Canada PM’s last

OTTAWA (Reuters) – The shock departure of a Canadian cabinet heavyweight has fueled talk about how long Prime Minister Stephen Harper will stay in power, with some in his party predicting he is unlikely to serve a full term if he wins re-election this October.

Harper, 56, who led his right-of-center Conservative Party to victory in early 2006, is seeking to pull off a rare fourth consecutive victory against a stiff opposition challenge.

May 29, 2015

U.S. warns G7 of global economy “accident” without Greece deal

DRESDEN, Germany, May 29 (Reuters) – The United States
warned on Friday of a possible accident for the world economy if
Greece and its creditors miss their June deadlines to avert a
debt default.

Germany said there was no sign of a breakthrough.

With Athens struggling to make repayments due next month,
the debt stand-off between Greece and its European Union
partners overshadowed a meeting of policymakers from the Group
of Seven rich nations otherwise held to focus on ways to get the
global economy growing strongly again.

May 29, 2015

U.S. Lew urges broad deal on Greece now, focus on details later

DRESDEN, Germany (Reuters) – Greece and its creditors need to quickly agree on a broad deal to address the Greek debt crisis and then work out the details before Athens hits deadlines for repayments, U.S. Treasury Secretary Jack Lew said on Friday.

Lew, speaking to reporters after a meeting of policymakers from the Group of Seven economies, said a speedy deal would reduce the chances of an “accident” and he wanted to see a pragmatic outcome to the protracted crisis.

May 28, 2015

Canada sees increased potential for financial market instability

DRESDEN, Germany, May 28 (Reuters) – Canada sees an
increased potential for financial market instability, in part
due to the rise in value of the U.S. dollar, Finance Minister
Joe Oliver told reporters on Thursday.

Speaking on the sidelines of a meeting of the finance chiefs
from the Group of Seven countries, Oliver said that Canada was
also worried about the persistent downside risks posed by
geopolitical tensions as well as the potential for the Greek
crisis to threaten Europe’s recovery.

May 27, 2015

G7 finance chiefs ponder flagging growth amid Greek crisis fears

DRESDEN, Germany (Reuters) – G7 ministers and central bank heads convened on Wednesday to discuss how to revive global growth and China’s increasing clout, while keeping a close eye on the protracted talks to avoid a Greek default.

Although the Greek crisis is not on the official agenda for the three-day meeting in the German city of Dresden, it will be discussed on the sidelines.

May 27, 2015

Canada doesn’t see inadvertent moves on Greece crisis – Oliver

DRESDEN, Germany, May 27 (Reuters) – Canadian Finance
Minister Joe Oliver said on Wednesday he did not think “anything
inadvertent” would happen to derail progress towards a solution
on the long-running Greek crisis.

Earlier in the day, U.S. Treasury Secretary Jack Lew urged
international creditors to show more flexibility in negotiations
with Athens to avert a possible default and exit from the euro
zone with incalculable consequences. {ID:nL3N0YI3YR]

May 25, 2015

Canada says Iraqi forces must become much more effective

OTTAWA (Reuters) – Canada, one of the nations helping Iraq to fight the Islamic State movement, said on Monday that recent gains by the militants showed the Iraqi army must “massively improve its effectiveness”.

Defence Minister Jason Kenney also said Canada has no plans to expand its existing training operations in northern Iraq, where around 70 Canadian special forces troops are working with Kurdish peshmerga fighters.

    • 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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