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Dec 17, 2014

Canada court to order Apple to turn over records in iPhone probe

OTTAWA (Reuters) – The Federal Court of Canada agreed on
Wednesday to order Apple Inc’s Canadian subsidiary to
turn over documents to the Competition Bureau to help
investigate whether Apple unfairly used its market power to
promote the sale of iPhones.

In seeking the order, the Competition Bureau said agreements
Apple negotiated with wireless carriers may have cut into
competition by encouraging the companies to maintain or boost
the price of rival phones.

Dec 15, 2014

Canada to curb spending if needed due to oil: minister

OTTAWA, Dec 15 (Reuters) – The Canadian government will curb
its spending if necessary due to lower oil prices in order to
meet its budgetary plans, Treasury Board President Tony Clement
told Reuters on Monday.

The federal government has pledged to balance the budget in
2015-16 but if oil prices continue to be low, they are expected
to take a bite out of government revenues

Dec 12, 2014

Apple pacts in Canada may have raised prices -court filing

OTTAWA (Reuters) – Canadian consumers may have ended up
paying higher prices for cellphones and wireless services
because of contracts between Apple Inc’s Canadian unit
and domestic carriers, the Canadian Competition Bureau said in a
court filing this week.

The affidavit made on Tuesday by the Competition Bureau’s
Vincent Millette listed several ways the agreements with the
phone companies may have prevented or lessened competition.

Dec 10, 2014

Canada to continue in F-35 fighter program but outlines risks

OTTAWA (Reuters) – Canada will stay part of Lockheed Martin Corp’s F-35 Joint Strike Fighter program while a decision is made on whether to actually buy the plane, the government said on Wednesday.

But Ottawa outlined several risks to the program, which has been hit by major delays and cost overruns. The risks include software delays and limitations as well as affordability.

Dec 10, 2014

Bank of Canada: steady financial risk despite overvalued housing

OTTAWA (Reuters) – Canadian housing may be overvalued by as much as 30 percent, but risks to the country’s financial system remained steady with a stronger U.S. recovery expected to help keep Canada’s economy out of trouble, the Bank of Canada said on Wednesday.

The central bank also said the recent slump in oil prices was not enough to trigger a severe recession that could lead to a sharp correction in housing prices.

Dec 9, 2014

Canada will not impose oil, gas rules alone given prices

OTTAWA, Dec 9 (Reuters) – Prime Minister Stephen Harper
signaled on Tuesday that Canada would not impose regulations on
the oil and gas industry to reduce greenhouse gases without
simultaneous action from the United States, given the steep fall
in oil prices.

“We want to see oil and gas regulations on a continental
basis given the integrated nature of this industry,” Harper told
Parliament. “With the current conditions in the oil and gas
sector, this government will not consider unilateral
regulation.”

Dec 9, 2014

Canada introduces bill to expose U.S.-Canada price inequities

OTTAWA, Dec 9 (Reuters) – The Canadian government introduced
legislation on Tuesday to give the country’s competition
watchdog the power to embarrass companies that charge more for
products in Canada than they do in the United States.

The Conservative government’s proposed Price Transparency
Act would fall short of making it illegal to engage in price
discrimination. Doing so had been roundly criticized by
economists as undue interference in the marketplace. Instead,
the bill provides a mechanism to expose price differences.

Dec 3, 2014

Bank of Canada sees broadening recovery, oil price risk

OTTAWA, Dec 3 (Reuters) – The Bank of Canada held its policy
rate unchanged at 1 percent on Wednesday, declaring that while
Canada’s economic recovery is broadening to include exports and
business investment, lower oil prices could cut inflation more
than expected.

“Canada’s economy is showing signs of a broadening
recovery,” the bank said. “Stronger exports are beginning to be
reflected in increased business investment and employment. This
suggests that the hoped-for sequence of rebuilding that will
lead to balanced and self-sustaining growth may finally have
begun.”

Nov 28, 2014

Cheap oil may temper cheer over strong Canada third quarter GDP

OTTAWA (Reuters) – Canada’s economy grew faster than expected in the third quarter, according to data on Friday, but cheaper oil prices add to the likelihood the Bank of Canada will not consider higher interest rates anytime soon despite the recent run of strong figures.

At 2.8 percent, third quarter growth eclipsed a 2.1 percent market forecast and the Bank of Canada’s 2.3 percent estimate, following 3.6 percent in the second quarter.

Nov 28, 2014

Cheap oil may temper cheer over strong Canada Q3 GDP

OTTAWA, Nov 28 (Reuters) – Canada’s economy grew faster than
expected in the third quarter, according to data on Friday, but
cheaper oil prices add to the likelihood the Bank of Canada will
not consider higher interest rates anytime soon despite the
recent run of strong figures.

At 2.8 percent, third quarter growth eclipsed a 2.1 percent
market forecast and the Bank of Canada’s 2.3 percent estimate,
following 3.6 percent in the second quarter.