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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.

Oct 14, 2014

Canada sees U.S. largely buffering European threat to economy

TORONTO, Oct 14 (Reuters) – Weak growth in Europe and
possible deflation there are a threat to Canada’s economic
outlook, but the danger is offset to some extent by what looks
like sustainable growth in the United States, Canadian Finance
Minister Joe Oliver said on Tuesday.

Oliver was speaking to reporters after meeting
private-sector economists ahead of his autumn fiscal update. He
said the economists were comfortable with their previous
forecasts for economic growth.

Oct 8, 2014

Condos push Canada housing starts higher in September

TORONTO, Oct 8 (Reuters) – Canadian housing starts rose
modestly in September as builders broke ground on more
multiple-unit dwellings, typically condominiums, data showed on
Wednesday.

The report from the Canada Mortgage and Housing Corp (CMHC)
showed housing starts climbed to a seasonally adjusted
annualized rate of 197,343 units last month from an upwardly
revised 196,283 units in August.

Oct 1, 2014

No relief ahead for the battered Canadian dollar: Reuters poll

TORONTO (Reuters) – The coming year is unlikely to bring any relief to the weakening Canadian dollar as the Bank of Canada’s neutral stance prompted analysts in a Reuters poll to renew their pessimistic forecasts for the currency.

A number of factors are working against the loonie, not least of which is the growing view that the domestic central bank could be comfortable sitting on the sidelines even as the Federal Reserve starts to raise U.S. interest rates next year.

Sep 24, 2014

Bank of Canada says its policy can diverge from Fed’s

OTTAWA, Sept 24 (Reuters) – Canadian monetary policy can
diverge from that of its neighbor to the south, even as the U.S.
Federal Reserve’s exit from its extraordinary stimulus measures
will likely raise market interest rates in Canada and weigh on
the loonie, a Bank of Canada official said on Wednesday.

Deputy Governor Timothy Lane also warned that the unwinding
of the Fed’s policy could pose risks to the financial system
globally as asset prices and volatility now reflect liquidity
spawned by the accommodative actions of central banks in the
United States and other countries.