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Sep 14, 2014

‘The Imitation Game’ takes top prize at Toronto film fest

TORONTO (Reuters) – “The Imitation Game,” a biopic about British mathematician and World War Two code-breaker Alan Turing, won the top prize at the Toronto International Film Festival on Sunday.

The film, which stars Benedict Cumberbatch as Turing, took the Groslch People’s Choice award for best film at the 39th edition of the festival.

Sep 13, 2014

“A Little Chaos” sees Alan Rickman’s return to director’s chair

TORONTO, Sept 13 (Reuters) – “A Little Chaos,” may be a film
about the building of the gardens of Versailles set in 1682, but
director Alan Rickman wants audiences to know that he does not
view it as a period piece.

Rather, the movie – which will have its world premiere as
the closing gala of the Toronto International Film Festival on
Saturday – is about the character of Sabine De Barra, a woman
trying to navigate a man’s world as she comes to grips with her
own personal losses.

Sep 11, 2014

Canada small businesses get employment insurance rebate

TORONTO/OTTAWA, Sept 11 (Reuters) – Canadian small
businesses will get C$550 million ($500 million) in rebates on
their employment insurance premiums over the next two years in
order to boost hiring, Finance Minister Joe Oliver said on
Thursday.

The Small Business Job Credit will effectively lower small
businesses’ employment insurance premiums to $1.60 per $100 of
insurable earnings as of Jan. 1 from the current legislated rate
of $1.88, or about a 15 percent cut.

Sep 10, 2014

Layered star Jennifer Aniston takes spotlight in ‘Cake’

TORONTO, Sept 10 (Reuters) – The sheer physicality of
playing a character in chronic pain was the most challenging
part of starring in the film “Cake,” Jennifer Aniston said of a
leading role that turns one of the world’s most glamorous
actresses into a bitter, unpleasant woman.

In the film, which had its world premiere at the Toronto
International Film Festival on Monday, Aniston plays Claire
Simmons, a woman suffering from constant pain and pill addiction
who is haunted by hallucinations of a fellow support-group
member who committed suicide.

Sep 4, 2014

Canada seeks voluntary bank agreement to lower credit card costs

TORONTO, Sept 4 (Reuters) – The Canadian government wants
credit card companies and banks to voluntarily agree to lower
transaction fees paid by retailers, and to do so within months,
Finance Minister Joe Oliver said on Thursday.

“We’ve said in last year’s budget that the government will
work with stakeholders to promote fair and transparent practices
and to help lower credit card acceptance fees for merchants and
also to encourage merchants to reduce prices for consumers,”
Oliver told a news conference.

Aug 12, 2014

Canada says error found in influential July jobs report

TORONTO, Aug 12 (Reuters) – The July version of Canada’s
market-moving jobs report contained an error and must be
restated, the country’s main statistics agency said on Tuesday,
pointing to the latest in a series of mistakes that have damaged
its reputation in recent years.

Statistics Canada said in a statement that the source of the
error has been identified and that corrected estimates will be
released on Aug. 15. It did not specify what the error was.

Jul 18, 2014

Inflation in Canada rises to 28-month high in June

OTTAWA/TORONTO, July 18 (Reuters) – Canada’s annual
inflation rate edged up to a 28-month high in June, the second
month in a row it has exceeded the Bank of Canada’s target,
posing a challenge to the central bank’s view that recent
strength in prices is temporary.

Annual inflation rose to 2.4 percent last month, Statistics
Canada said on Friday, the highest rate since the 2.6 percent
seen in February 2012. It also surpassed forecasts for inflation
to hold at May’s 2.3 percent level.

May 8, 2014

Canadian housing starts bounce back, prices edge up

TORONTO, May 8 (Reuters) – New home construction in Canada
picked up in April, shaking off the effects of this year’s harsh
winter, though economists still expect activity to cool
gradually in 2014.

The seasonally adjusted annualized rate of housing starts
rose to 194,809 last month from 156,592 units in March, data
from the Canada Mortgage and Housing Corp showed on Thursday.

Apr 28, 2014

Canada launches ultra-long bond with 50-year maturity

TORONTO (Reuters) – Canada issued its first ultra-long term bond that will mature in 50 years, the Department of Finance said on Monday, a rare move that will let the government capitalize on the current low interest rate environment.

The government of Canada issued C$1.5 billion worth of the bonds with a yield of 2.96 percent. That was similar to where the yield on the benchmark 30-year bond was trading on Monday. The bonds will mature on December 1, 2064.

Apr 28, 2014

Canada says may issue 50-year bond in “near future”

TORONTO, April 28 (Reuters) – Canada may issue an ultra
long-term bond in the “near future” that matures in 50 years,
the Department of Finance said on Monday, a rare move that would
let the government capitalize on the current low interest rate
environment.

The current maximum maturity on federal bonds is 30 years,
but the Canadian government’s debt management strategy, released
in February along with the government’s 2014-15 budget, said it
would look at issuing 50-year bonds.