OTTAWA, Dec 4 (Reuters) – The Bank of Canada held its
overnight interest rate steady on Wednesday, but sounded a touch
more dovish in its outlook, saying the risks of undesirably weak
inflation appeared greater than they did six weeks ago.
The change in tone knocked the Canadian dollar to
its weakest level in three years. Traders slightly increased
bets on the possibility of a rate cut in late 2014, though they
are still pricing in less than a 25 percent chance of this
OTTAWA (Reuters) – Canada’s Liberals have strengthened their claim to be the main challenger to the governing Conservatives in the next general election after being thrust back into the political mainstream by a strong performance in four special elections.
While much can change in the two years before the October 2015 general election, Monday’s results have given new momentum to the Liberals, led by Justin Trudeau, son of former Prime Minister Pierre Trudeau.
OTTAWA, Nov 25 (Reuters) – Canadian Prime Minister Stephen
Harper’s ruling Conservatives only narrowly held onto what had
been viewed as a safe seat in a district election on Monday
after a scandal over Senate expenses hit his party’s support.
The Conservatives’ slim margin of victory also underlined
the resurgence of the Liberal Party under Justin Trudeau, the
41-year-old son of the flamboyant late prime minister Pierre
Elliott Trudeau, who took over the party leadership in April.
OTTAWA, Nov 22 (Reuters) – The Supreme Court of Canada dealt
a blow to pharmacy chains on Friday when it upheld the province
of Ontario’s ban on drugstores’ sales of their own private-label
generic prescription drugs.
Pharmacy companies saw the private-label drugs as a way to
reduce the impact of Ontario regulations designed to lower the
cost of generic drugs. A lower court ruled that the store brand
drugs circumvent bans on professional allowances and rebates.
OTTAWA, Nov 20 (Reuters) – Canada will require railways to
start telling municipalities what goods they have been
transporting through their jurisdictions, but the government
acknowledged that such data would not have prevented the July
derailment that demolished the heart of a Quebec town, killing
Transport Minister Lisa Raitt said on Wednesday her
directive on railway disclosure met a request made by the
Federation of Canadian Municipalities after a runaway train
carrying crude oil exploded in the center of Lac-Megantic,
Quebec, in July.
OTTAWA (Reuters) – Toronto’s crack-smoking Mayor Rob Ford is a headache Canada’s right-leaning government could do without.
Lambasting Ford, a political ally who also admits he drove a car after drinking alcohol and bought illegal drugs, could cost the federal Conservatives valuable support in Toronto’s suburbs.
OTTAWA (Reuters) – The Canadian government instructed the country’s television regulator on Thursday to study the impact on consumers of unbundling cable- and satellite-television packages and to report back by April.
The government pledged last month to push cable and telecom providers’ to provide more flexibility than allowed under the current standard practice of requiring the purchase of TV channels in large packages rather than individually.
OTTAWA (Reuters) – Consumers may join class action lawsuits against Microsoft Corp and Infineon Technologies AG over allegations of unfair pricing for computer products, the Supreme Court of Canada ruled on Thursday.
But the high court refused to allow a class action to proceed against Archer Daniels Midland Co (ADM) and Cargill Inc over alleged price-fixing on high-fructose corn syrup used in soft drinks and baked goods.
OTTAWA, Oct 31 (Reuters) – Consumers may join a class action
lawsuit against Microsoft Corp over alleged unfair
pricing, the Supreme Court of Canada ruled on Thursday.
But the high court refused to allow a class action to
proceed against Archer Daniels Midland Co (ADM) and
Cargill Inc over alleged price-fixing on high-fructose
corn syrup used in soft drinks and baked goods.
OTTAWA (Reuters) – Canada’s ruling Conservatives go into what was supposed to be a triumphant convention this weekend trying to limit damage from a scandal over improper expenses that reaches the office of Prime Minister Stephen Harper and could undermine the party’s chances of winning re-election in 2015.
Harper has been on the defensive since news broke that his then chief of staff, Nigel Wright, gave a personal check for C$90,000 ($85,700) to Mike Duffy, a member of the upper Senate chamber, to help repay expenses that Duffy improperly claimed.