Randall's Feed
Nov 26, 2014

IMF says Canada may need to tighten mortgage rules further

OTTAWA, Nov 26 (Reuters) – Canada’s housing market is likely
to achieve a soft landing but authorities may need to tighten
mortgage rules more than they have already to make it less
vulnerable to a crash, the International Monetary Fund (IMF)
said on Wednesday.

Officials at the international agency said the Bank of
Canada can afford to keep its monetary policy accommodative
until signs emerge of a more balanced and durable recovery with
stronger business investment.

Nov 14, 2014

Canadian gunman toured Parliament weeks before attack

OTTAWA (Reuters) – The man who shot and killed a Canadian soldier in October and then stormed the country’s Parliament with a rifle before being shot down himself, had taken a tour of the building less than three weeks earlier, a parliamentary spokeswoman said on Friday.

The information suggests that Michael Zehaf-Bibeau, a Muslim convert who struggled with drug addiction, may have planned the Oct. 22 attack well in advance.

Nov 7, 2014

U.S., Canada eye option for four F-35 deliveries in 2017: sources

OTTAWA/WASHINGTON (Reuters) – Canada could take delivery of an initial four F-35 fighter jets built by Lockheed Martin Corp in 2017 under an agreement with the U.S. military, although no final decision has been made, sources familiar with the matter said on Friday.

An Oct. 27 briefing chart prepared by the Pentagon’s F-35 Joint Program Office maps out plans for the U.S. Air Force to defer four of 26 F-35A purchases in a ninth batch of low-rate production jets, which would allow Canada to take those slots, said the sources, who were not authorized to speak publicly.

Nov 7, 2014

U.S., Canada eye option for 4 F-35 deliveries in 2017-sources

OTTAWA/WASHINGTON, Nov 7 (Reuters) – Canada could take
delivery of an initial four F-35 fighter jets built by Lockheed
Martin Corp in 2017 under an agreement with the U.S.
military, although no final decision has been made, sources
familiar with the matter said on Friday.

An Oct. 27 briefing chart prepared by the Pentagon’s F-35
Joint Program Office maps out plans for the U.S. Air Force to
defer four of 26 F-35A purchases in a ninth batch of low-rate
production jets, which would allow Canada to take those slots,
said the sources, who were not authorized to speak publicly.

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.

Nov 4, 2014

Canada to launch yuan clearing hub, deal imminent -sources

OTTAWA/TORONTO, Nov 4 (Reuters) – Canada expects to finalize
the creation of a yuan clearing hub in the country, sources
familiar with the government’s talks with Chinese officials said
on Tuesday, with an announcement expected during Prime Minister
Stephen Harper’s trip to China later this week.

The two sides “expect to be able to finalize and announce
the currency hub,” said one source, speaking on condition of
anonymity because the matter is not yet public.

Oct 30, 2014

Canada to unveil family tax breaks ahead of election

OTTAWA, Oct 30 (Reuters) – Canada’s Conservative government
on Thursday will announce a package of tax measures, including
one that would put two-parent families with children in a lower
bracket, a government source said.

Another provision will enhance the child care benefit, which
currently provides C$1,200 ($1,071) a year per child under 6
years of age regardless of whether he or she is in day care.

Oct 30, 2014

Canada set to unveil parental tax break -media reports

OTTAWA, Oct 30 (Reuters) – Canada’s Conservative government
on Thursday will announce a plan that would put two-parent
families with children in a lower tax bracket, Canadian media
reported.

The “income-splitting” plan would be of most benefit where
one spouse, such as a stay-at-home parent, has substantially
less income than the other, enabling some of the high income to
be taxed at the lower rate of the low-income earner.

Oct 30, 2014

Canada wrestles with low-key security approach after attacks

OTTAWA/HAMILTON Ontario (Reuters) – Just over a week after an armed man charged into Canada’s Parliament and fought a gun battle with guards as lawmakers were meeting with Prime Minister Stephen Harper, there are few signs of increased security in the nation’s capital.

Leading politicians and top officials can still be seen in the streets without any obvious protection. The visible new security measures at the Parliament building have been modest, and some have even been eased in recent days.

Oct 29, 2014

Bank of Canada welcomes end of U.S. ultra-easy policy

OTTAWA, Oct 29 (Reuters) – The head of Canada’s central bank
on Wednesday welcomed the U.S. Federal Reserve’s decision to
abandon its ultra-easy money policy, saying it showed the U.S.
economy is gaining traction, but warned weaker oil prices will
crimp Canadian growth.

The Federal Reserve on Wednesday ended its monthly bond
purchase program and dropped a characterization of U.S. labor
market slack as “significant” in a show of confidence in the
economy’s prospects.