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Mar 6, 2014

U.S. ‘fiscal cliff’ may help explain weak exports: Bank of Canada

VICTORIA, British Columbia (Reuters) – Canadian exports were unexpectedly weak over the past two years, partly due to U.S. budget cuts and the expiration of tax breaks known as the “fiscal cliff,” that took effect early last year, a senior Bank of Canada official said.

Deputy Governor John Murray said in a speech on Thursday that lackluster Canadian economic growth and three puzzling trends – weak inflation, investment and exports – could be partly explained by international factors.

Mar 6, 2014

U.S. ‘fiscal cliff’ may help explain weak Canada exports -BoC

VICTORIA, British Columbia, March 6 (Reuters) – The ‘fiscal
cliff’ of expiring tax breaks and budget cuts in the United
States from early 2013 could partly explain why Canadian exports
were unexpectedly weak over the past two years, a senior Bank of
Canada official said on Thursday.

Deputy Governor John Murray said in a speech that there had
been an apparent disconnect between foreign demand, particularly
in the United States, and the performance of Canadian
non-commodity exports.

Feb 18, 2014

British Columbia unveils LNG tax, sees budget surpluses

VICTORIA, British Columbia, Feb 18 (Reuters) – British
Columbia on Tuesday provided long-awaited details on a new
income tax for its nascent liquefied natural gas (LNG) industry,
as Canada’s westernmost province released its second consecutive
balanced budget.

The coastal province is eyeing a two-tier tax that would
apply to income from the liquefaction of natural gas, the
process of cooling gas into a liquid to be transported by ship,
at facilities in British Columbia.

Feb 18, 2014

British Columbia projects budget surplus for next three years

VICTORIA, British Columbia, Feb 18 (Reuters) – British
Columbia’s government on Tuesday projected a budget surplus for
the next three fiscal years and gave details on a new tax regime
for its nascent liquefied natural gas (LNG) industry.

The Western Canadian province is expected to have a budget
surplus of C$184 million ($167.94 million) in 2014-15, C$206
million in 2015-16 and C$451 million in 2016-17, the Liberal
government said in its first budget since it was re-elected in
May with a majority.

Jul 3, 2013

Canada bombing suspect’s past: A tale of violence, drugs, punk music

SURREY, British Columbia (Reuters) – One of the suspects in a Canadian bomb plot is a former drug user with a history of violence, a self-styled “Muslim Punk” who also wrote songs about his love for Satan.

Descriptions of John Nuttall by four people who knew him, combined with court records and his own postings online, portray a sometimes troubled man on the margins of society.

May 15, 2013

Liberals stage comeback to win in Canada’s British Columbia

VICTORIA, British Columbia, May 14 (Reuters) – The incumbent
Liberal Party won an election in the Canadian Pacific province
of British Columbia on Tuesday, in a stunning comeback that
defied the pollsters who had expected voters to boot the party
out of power.

The Liberals, in power for more than a decade, lost support
after the introduction, and then cancellation, of an unpopular
sales tax. But they gained momentum late in an election campaign
that focused on the economy, balanced budgets and controlled
spending.

May 15, 2013

Liberals stage comeback to win in Canada’s British Columbia -networks

VICTORIA, British Columbia, May 14 (Reuters) – The incumbent
Liberal Party won a handsome majority in the election in the
Canadian Pacific province of British Columbia on Tuesday, news
networks predicted, defying the pollsters who had expected
voters to boot the party out of power.

The Liberals, in power for more than a decade, lost support
after the introduction, and then cancellation, of an unpopular
sales tax. But the party gained momentum late in an election
campaign that focused on the economy, balanced budgets and
controlled spending.

May 9, 2013

Left wing set to win in Canada’s BC, may reshape energy policy

VICTORIA, British Columbia, May 9 (Reuters) – The
left-leaning New Democrats are set to reshape energy policy in
Canada’s Pacific province of British Columbia if, as expected,
they seize power from the Liberals in Tuesday’s elections to the
provincial legislature.

Opinion polls put the NDP between 7 and 10 percentage points
ahead of the Liberals, well down from the 20-point lead the
party had before the campaign started.

Apr 16, 2013

Pipeline looms large as Canada’s British Columbia votes

VICTORIA, British Columbia (Reuters) – The left-leaning New Democratic Party is leading the election race in Canada’s Pacific province of British Columbia, raising new doubts about a pipeline that would take Canadian crude oil from neighboring Alberta to the coast for export to Asia.

The NDP, about 17 percent ahead of the ruling Liberals in recent opinion polls, promises a new review of the $6 billion Northern Gateway pipeline if it wins the May 14 election, a process that would likely bring new legal challenges and delays.

Mar 8, 2013

News Corp publishing arm to have $2.6 bln in cash

March 8 (Reuters) – Rupert Murdoch’s News Corp said
on Friday that the publishing arm it plans to spin off from its
entertainment assets will have about $2.6 billion in cash on
hand and no debt when it becomes an independent company.

The new details on the publishing company were provided a
regulatory filing.

The publishing company faces challenges as readers turn to
smart phones and tablets to get their news and advertisers are
spending their dollars elsewhere. Investors and analysts had
been waiting for financial details to see how much cash and debt
News Corp would put toward the slower growth asset.

    • About Jennifer

      "Jennifer Kwan is a Toronto-based reporter on the market news and treasury team, and covers a broad mix of stories related to trading, exchanges and regulation. Previously worked as an editor for the company's online newsroom. Before joining Reuters, she worked at the Canadian Press, as well as the Toronto Star and Yukon News newspapers."
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