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Nov 28, 2012

Evans: Fed should keep rates low until unemployment hits 6.5 percent

TORONTO (Reuters) – One of the U.S. central bank’s most outspoken policy doves on Tuesday called for the Federal Reserve to unleash even more monetary stimulus, saying interest rates should stay near zero until the jobless rate falls to at least 6.5 percent.

Such a policy would carry “only minimal inflation risks,” Charles Evans, president of the Chicago Federal Reserve Bank, said in remarks prepared for delivery to the C.D. Howe Institute in Toronto.

Nov 27, 2012

Analysis: Carney track record hints at Bank of England path

TORONTO (Reuters) – Britain can expect its next central bank chief to be tough with its banks while being more nimble on monetary policy than his recent hawkish talk might suggest.

Canadian central bank chief Mark Carney, named on Monday as the next governor of the Bank of England, gained a reputation on the global stage by challenging some of the world’s most powerful financial executives to make their banks less risky, even if it left them less profitable.

Nov 27, 2012

Analysis – Carney track record holds hints of Bank of England path

TORONTO (Reuters) – Britain can expect its next central bank chief to be tough with its banks while being more nimble on monetary policy than his recent hawkish talk might suggest.

Canadian central bank chief Mark Carney, named on Monday as the next governor of the Bank of England, gained a reputation on the global stage by challenging some of the world’s most powerful financial executives to make their banks less risky, even if it left them less profitable.

Nov 27, 2012

Carney track record holds hints of Bank of England path

TORONTO, Nov 27 (Reuters) – Britain can expect its next
central bank chief to be tough with its banks while being more
nimble on monetary policy than his recent hawkish talk might
suggest.

Canadian central bank chief Mark Carney, named on Monday as
the next governor of the Bank of England, gained
a reputation on the global stage by challenging some of the
world’s most powerful financial executives to make their banks
less risky, even if it left them less profitable.

Oct 28, 2012

7.7 magnitude quake hits Canada’s British Columbia

By Jeffrey Hodgson

(Reuters) – A powerful earthquake with a magnitude of 7.7 hit Canada’s Pacific coast province of British Columbia late Saturday, setting off a small tsunami, but there were no immediate reports of damage, officials said.

The U.S. Geological Survey said an earthquake with a 7.7 magnitude hit the province, centered 123 miles south-southwest of Prince Rupert at a depth of 6.2 miles, the USGS said.

Oct 26, 2012

IMF’s Lagarde urges action on unfinished financial reforms

TORONTO, Oct 25 (Reuters) – Unfinished financial reforms are
hampering recovery in key parts of the global economy and
weighing on economic growth, the head of the International
Monetary Fund warned on Thursday.

In a speech in Toronto, IMF Managing Director Christine
Lagarde urged world leaders to “do whatever it takes” to rebuild
the world’s financial system, which is still recovering from the
2007-2009 financial crisis and has been further weakened by the
euro zone debt crisis.

Sep 10, 2012

‘Avengers’ director Whedon swaps superheroes for Shakespeare

TORONTO (Reuters) – Joss Whedon’s blockbuster comic book smash “The Avengers” would seem to have little in common with William Shakespeare.

The writer and director, however, also known for creating the cult TV hit “Buffy the Vampire Slayer,” calls the legendary playwright a major influence, visible in much of his work from the banter of his superheroes to the structure of his stories.

Sep 9, 2012

“Fighter” director tackles mental illness in “Silver Linings”

TORONTO (Reuters) – After Oscar success with 2010′s gritty comeback tale “The Fighter,” director David O. Russell is winning early praise for another movie about a man struggling to make the most of a second chance.

“Silver Linings Playbook,” which had its world premiere at the Toronto International Film Festival, features “Hangover” comedy star Bradley Cooper as a mentally ill man trying to rebuild his life after losing his spouse, home, job and freedom.

Jun 3, 2012

Toronto police say they know who mall shooter is

TORONTO, June 3 (Reuters) – Toronto police said on Sunday
they think they know the identity of the shooter who killed one
person and wounded six others on Saturday in a rare outburst of
major violence at the city’s main downtown mall.

Police also named the man killed: 24-year-old Toronto
resident Ahmed Hassan, who they said may have had some gang
affiliation.

May 27, 2012

Canada set to force striking rail employees to work

TORONTO, May 27 (Reuters) – Talks between Canadian Pacific
Railway Ltd and the union representing 4,800 striking
locomotive engineers have broken down, paving the way for the
Canadian government to bring in back-to-work legislation, the
company said on Sunday.

“The mediator has withdrawn. The legislative process will
now commence,” CP Rail spokesman Ed Greenberg said by email.

    • About Jeffrey

      "I am based in Toronto and lead a five-person team covering Canadian financial markets, the economy and central bank policy. I joined Reuters in 1996, starting in Toronto and later moving to London and Hong Kong. In that time I've covered stock, bond and currency markets, banking, fund management, the technology, media and telecom sectors, as well as general, political and entertainment news."
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