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Jul 31, 2013

Potash price drop to hit Saskatchewan budget

TORONTO, July 31 (Reuters) – Saskatchewan, home to an
estimated 40 percent of world’s potash, will reduce its potash
royalty estimates when it updates its budget forecasts in
August, but maintain a balanced budget, the premier of the
western Canadian province said on Wednesday.

Speaking one day after Russian miner Uralkali OAO
said it was dismantling one of the world’s two big potash
exporting cartels, Brad Wall said the downward revision of
potash revenues would be mostly offset by gains in other areas
including stronger than expected oil revenue.

Jul 24, 2013

CP Rail profit hit by floods, derailment

TORONTO, July 24 (Reuters) – Canadian Pacific Railway
said its long-haul crude-by-rail business should pick-up
later this year as price spreads for crude widen.

That crude business was a key driver in its latest record
quarterly profit. However, those results, released on Wednesday,
slightly missed trade forecasts as floods and a number of
high-profile derailments increased costs, sending its shares
lower.

Jul 23, 2013

Toronto film festival to debut films on Mandela, Assange

TORONTO, July 23 (Reuters) – The world premiere of “The
Fifth Estate,” a ripped-from-the-headlines drama about Julian
Assange and the creation of WikiLeaks, will open the 38th
Toronto International Film Festival, which typically yields a
number of Oscar contenders.

Widely considered the kick-off to Oscar season, the 2013
festival will feature films starring Meryl Streep, Idris Elba,
Colin Firth, Chiwetel Ejiofor, George Clooney and others,
organizers said on Tuesday. The 11-day event opens Sept. 5.

Jul 17, 2013

Alex Colville, ‘painter laureate’ of Canada, dies

TORONTO (Reuters) – Canadian artist Alex Colville, who won international fame with precise, detailed paintings of everyday scenes, has died at the age of 92, according to a message on his official website.

Colville, who died on Tuesday, developed an iconic style that captured tranquil moments with realistic figures in commonplace settings, such as a cow in a moonlit field, or two swimmers relaxing on a beach.

Jul 16, 2013

Canadian crash train engineer is witness, not suspect: lawyer

By Peter N Henderson

(Reuters) – The engineer of the runaway train that exploded in a small Quebec town, killing 50 people, is a witness rather than a suspect in the investigation of the disaster, and is devastated by what happened, his lawyer told Reuters on Tuesday.

Lawyer Thomas Walsh said the engineer, Tom Harding, has spent 10 hours talking to police, and three or four talking to investigators at the Transportation Safety Board of Canada, who are probing the causes of the July 6 calamity in the town of Lac-Megantic, North America’s deadliest rail accident in more than 20 years.

Jul 8, 2013

‘It was boom!’ inside crashing plane in San Francisco

SAN FRANCISCO, July 7 (Reuters) – In the end, it was an easy
exit from the plane. The tail was gone, and the landing gear had
been ripped off during the crash.

Wen Zhang, seated near the back of Asiana Airlines flight
214 from Seoul, waited until the plane slid to a stop. Then she
gathered up her crying 4-year-old son, picked up her carry-on
bag and stepped out into the San Francisco sunshine.

Jul 7, 2013

Airport landing system off when plane crashed in San Francisco

SAN FRANCISCO (Reuters) – A navigation system that helps pilots make safe descents was turned off at San Francisco airport on Saturday when a South Korean airliner crashed and burned after undershooting the runway, officials said.

The system, called Glide Path, is meant to help planes land in bad weather. It was clear and sunny, with light winds, when Asiana Flight 214 from Seoul, South Korea crashed just before noon, killing two passengers and injuring more than 100.

Jul 1, 2013

San Francisco area rail strike causes traffic nightmare

SAN FRANCISCO (Reuters) – Workers at the San Francisco Bay Area’s commuter rail system went on strike on Monday, creating gridlock on highways leading into the city and headaches for thousands of people trying to get to work.

Commuters stood in long lines waiting for specially scheduled buses outside locked train stations in the East Bay, while others cued up at “casual carpool” spots, where drivers and passengers regularly link up to ride into San Francisco.

Jun 26, 2013

Canada adds icy weather to icewine rules

TORONTO, June 26 (Reuters) – Canada is tightening the rules
for producing its popular icewine, a sweet dessert wine that is
only made in cold climates, to crack down on fraudsters who sell
mislabeled bottles that don’t make the grade.

In regulations published this week, the Canadian government
said any bottle labeled and sold as icewine must be made only
from grapes that have frozen on the vine.

Jun 26, 2013

Bank of Canada says housing market cooler, still a risk

TORONTO, June 26 (Reuters) – Canada’s heated housing market
and near-record personal debt is less of a risk than it was a
year ago, but the central bank is not letting down its guard
just yet, a Bank of Canada official signaled on Wednesday.

“We are seeing a moderation over the last year in both the
buildup of household indebtedness and also the related
imbalances in the housing market,” Bank of Canada Deputy
Governor Timothy Lane said in response to an audience question
following a speech in Toronto.

    • About Peter

      "Peter Henderson has worked for Reuters for more than a decade, covering the collapse of the Russian economy in the 1990s, media in Los Angeles and politics in San Francisco. He is West Coast Enterprise Editor, focusing on reporting and editing in-depth stories."
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