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Nov 21, 2014

Canada inflation jumps in October, pressuring the central bank

OTTAWA, Nov 21 (Reuters) – Canada’s annual inflation rate
jumped last month as prices for shelter and food rose, putting
pressure on the Bank of Canada’s stance that interest rates will
remain low for some time.

Year-on-year inflation rose to 2.4 percent in October,
Statistics Canada data showed on Friday. That was the highest
level since June, surpassing economists’ expectations for a
slight rise to 2.1 percent from September’s 2.0 percent.

Nov 11, 2014

Canada honors war dead weeks after soldiers die in domestic attacks

OTTAWA (Reuters) – Thousands gathered for Remembrance Day ceremonies at Canada’s war memorial on Tuesday, the same site where a soldier was shot dead three weeks ago in an attack on parliament.

The annual Nov. 11 Remembrance Day honoring Canada’s war dead has taken on increased significance this year after two soldiers were killed in separate attacks in October that police said were carried out by radical recent converts to Islam.

Nov 10, 2014

Canadian housing starts slow modestly in October

OTTAWA, Nov 10 (Reuters) – Canadian housing starts
unexpectedly cooled in October as builders broke ground on fewer
multiple-unit homes, including apartment buildings and
condominiums, data showed on Monday.

The seasonally adjusted annualized rate of housing starts
declined to 183,604 units last month from a revised 197,355
units in September, according to a report from the Canada
Mortgage and Housing Corp, the country’s national housing
agency.

Nov 4, 2014

BoC – stimulus still needed despite stability risks concern

OTTAWA, Nov 4 (Reuters) – The Bank of Canada will plow ahead
with monetary stimulus despite risks from high household debt
and a hot housing market, Governor Stephen Poloz said on
Tuesday, pointing to recent weak data as a “brutal reminder” of
the economy’s fragility.

The central bank has kept its overnight rate at 1 percent
for more than four years, leading to concerns this might cause a
new crisis because of high household debt and housing prices.

Oct 23, 2014

Cheers, tributes for Canadian guard credited with killing gunman

OTTAWA (Reuters) – The guard credited with killing a gunman in Canada’s parliament fought back tears as lawmakers greeted him with a prolonged standing ovation, cheers and whistles on Thursday when he resumed his duties.

Canadian Prime Minister Stephen Harper and fellow lawmakers stood for a thunderous, minutes-long ovation as Kevin Vickers, the House of Commons’ Sergeant-at-Arms, led the traditional parade that opens every House session, dressed in ceremonial garb.

Oct 23, 2014

Canadian guard credited with killing gunman greeted as hero

OTTAWA (Reuters) – The guard credited with killing a gunman in Canada’s parliament fought back tears as lawmakers greeted him with a prolonged standing ovation, cheers and whistles on Thursday when he resumed his duties.

Canadian Prime Minister Stephen Harper and fellow lawmakers stood for a thunderous, minutes-long ovation as Kevin Vickers, Canada’s Sergeant-at-Arms, led the traditional parade that opens every session of the House of Commons, dressed in ceremonial garb.

Oct 23, 2014

Canada PM vows crackdown after capital shocked by fatal attacks

OTTAWA (Reuters) – Canadian Prime Minister Stephen Harper vowed to redouble the country’s fight against “terrorist organizations” abroad after a reported convert to Islam rampaged through parliament, shocking the usually tranquil capital city.

Shortly after a gunman shot dead a soldier at the National War Memorial in central Ottawa on Wednesday morning, a man armed with a shotgun burst into the Center Block of Parliament, pursued by police. He died after dozens of shots rang out a few yards away from where Harper was talking to his legislators.

Oct 23, 2014

PM Harper says attacks will not intimidate Canada

OTTAWA (Reuters) – Canada will not be intimidated by a pair of attacks that killed two soldiers this week, Prime Minister Stephen Harper said on Wednesday, adding that security agencies would do everything needed to counter threats to the country.

“Let there be no misunderstanding. We will not be intimidated. Canada will never be intimidated,” Harper said in a brief address to the nation.

Oct 22, 2014

Bank of Canada abandons neutral reference, holds rates steady

OTTAWA, Oct 22 (Reuters) – The Bank of Canada dropped any
reference to taking a neutral stance on interest rates on
Wednesday after having already signaled that it would generally
not give forward guidance on its rate moves.

The bank kept its key overnight rate at 1 percent, where it
has been for more than four years, but this had been universally
expected and markets were looking more for its overall outlook
and analysis. In September it had said it was neutral on the
timing and direction of rate changes.

Oct 16, 2014

Exports to help lift Canadian economy, housing a real risk: Reuters poll

TORONTO/BANGALORE (Reuters) – A pickup in exports will foster stronger economic growth in Canada next year, a Reuters poll found, but many forecasters in the survey expressed concerns over the risks of a housing market correction.

A weaker U.S. recovery or an oil price shock, which were listed in the poll as some of the risks to global economic growth over the coming year, could also weigh on Canada’s economic expansion.