Leah's Feed
Nov 6, 2015

Canada PM disappointed on Keystone but sees fresh start with Obama

OTTAWA, Nov 6 (Reuters) – Canadian Prime Minister Justin
Trudeau said on Friday he was disappointed at the U.S. decision
to block the proposed Keystone XL oil pipeline but didn’t see it
standing in the way of improving relations between the two
countries.

While Canada’s newly elected Liberal government had backed
Keystone XL, Trudeau made clear he would not adopt the same tack
as Canada’s outgoing Conservatives, who irritated some in the
U.S. administration with constant pressure to approve a project
that would have carried Canadian crude to the United States

Nov 6, 2015

Canada sees large job gain in Oct as election gives lift

OTTAWA, Nov 6 (Reuters) – Canada created the most jobs in
five months in October, sending the unemployment rate down as
employment in the public administration sector jumped on hiring
related to last month’s election.

The economy added 44,400 jobs last month, data from
Statistics Canada showed on Friday, handily topping forecasts
for a gain of 10,000. The unemployment rate, which had drifted
higher recently, eased to 7.0 percent from 7.1 percent.

Nov 4, 2015

India-born former soldier sworn in as Canada’s new defense minister

OTTAWA (Reuters) – Harjit Sajjan, a former police officer and veteran of three military deployments to Afghanistan, was named Canada’s new minister of defense on Wednesday, bringing first-hand expertise to one of the country’s top cabinet positions.

Sajjan will oversee an anticipated change in Canada’s military involvement in the battle against militants in Syria and Iraq. Newly sworn-in Liberal Prime Minister Justin Trudeau has already said he wants to end Canada’s air strikes in the region in favor of providing humanitarian help.

Nov 4, 2015

New Canada finance minister Morneau brings corporate experience

OTTAWA, Nov 4 (Reuters) – Canada’s newly appointed finance
minister, Bill Morneau, is a newcomer to Parliament, but brings
decades of experience from Morneau Shepell, Canada’s largest
human resources firm, to the cabinet position.

Morneau’s expertise on pension reform will likely also be a
significant asset to the newly sworn in Liberal Prime Minister
Justin Trudeau, who promised during the election campaign to
work with the provinces and businesses to enhance the national
pension plan.

Oct 21, 2015

Bank of Canada holds interest rate despite lower growth forecast

OTTAWA, Oct 21 (Reuters) – Canada’s central bank decided on
Wednesday against further cuts in its benchmark interest rate
for now, judging that the economy was rebounding from an oil
price shock even though growth in the next two years will be
slightly lower than projected.

The central bank held the overnight rate at 0.5 percent
following the reductions it had made in January and July because
of the effects of lower oil prices, and said on Wednesday these
cuts were helping the economy to recover as expected.

Oct 20, 2015

Uncertainty of new Canada government seen weighing on Canadian dollar, energy sector

OTTAWA (Reuters) – The election of the first Liberal Canadian government in nearly a decade will likely weigh on the country’s currency and energy stocks on Tuesday as investors take a cautious approach to the party and its untested prime minister.

Liberal leader Justin Trudeau rode a late campaign surge to a stunning election victory on Monday, turfing the incumbent Conservatives with a far more resounding victory than polls had indicated.

Oct 20, 2015

Uncertainty of new Canada government seen weighing on C$, energy sector

OTTAWA (Reuters) – The election of the first Liberal Canadian government in nearly a decade will likely weigh on the country’s currency and energy stocks on Tuesday as investors take a cautious approach to the party and its untested prime minister.

Liberal leader Justin Trudeau rode a late campaign surge to a stunning election victory on Monday, turfing the incumbent Conservatives with a far more resounding victory than polls had indicated.

Oct 20, 2015

Uncertainty of new Canada gov’t seen weighing on C$, energy sector

OTTAWA, Oct 20 (Reuters) – The election of the first Liberal
Canadian government in nearly a decade will likely weigh on the
country’s currency and energy stocks on Tuesday as investors
take a cautious approach to the party and its untested prime
minister.

Liberal leader Justin Trudeau rode a late campaign surge to
a stunning election victory on Monday, turfing the incumbent
Conservatives with a far more resounding victory than polls had
indicated.

Oct 20, 2015

Canada’s new PM Trudeau vows to bring hope, change

OTTAWA (Reuters) – Canada’s new prime minister, Justin Trudeau, is moving back to the house where he grew up.

The Liberal leader, son of former prime minister Pierre Trudeau, led his party to victory in a federal election on Monday, defeating Stephen Harper’s Conservatives by a wide margin.

Oct 9, 2015

Canada adds jobs, but unemployment rate climbs to 1-1/2 yr high

OTTAWA, Oct 9 (Reuters) – Canada added jobs in September but
the unemployment rate unexpectedly rose to a one-and-a-half-year
high as more people sought work, news that will likely be fodder
for debate in a tightly fought campaign for the October general
election.

It was the last major piece of economic data ahead of the
Oct 19 vote. The ruling Conservatives led by Stephen Harper say
they are the only party that can steer the fragile economy
through turbulent times, while opposition parties argue they
have been bad economic managers.