OTTAWA, April 17 (Reuters) – Costlier energy helped boost
Canada’s annual inflation by more than expected in March to 1.5
percent from 1.1 percent in February but the less volatile core
measure that guides the Bank of Canada edged up to only 1.3
percent from 1.2 percent.
Statistics Canada said on Thursday the month-on-month rate
was 0.6 percent for overall inflation and 0.3 percent for core.
The median forecasts in a Reuters survey were 1.4 percent
annually and 0.4 percent monthly for headline inflation and 1.3
percent and 0.3 percent respectively for core.
OTTAWA (Reuters) – Former Finance Minister Jim Flaherty, who steered Canada through the global financial crisis and then nearly eliminated the huge budget deficits he had run up in the process, died on Thursday just weeks after resigning.
His family said he passed away peacefully in Ottawa, but did not give a cause of death. An unnamed source close to the family told CBC television that Flaherty, had suffered a massive heart attack. He was 64.
OTTAWA (Reuters) – Former Canadian Finance Minister Jim Flaherty, 64, died on Thursday, just weeks after stepping down following eight years in his post.
His family said in a statement that he died peacefully in Ottawa, but did not mention the cause of his death. An unnamed source close to the family told CBC television the cause was a massive heart attack.
OTTAWA (Reuters) – The anti-separatist Quebec Liberal Party won a majority government in provincial elections on Monday, eliminating the possibility of a new referendum on independence from Canada for several years and crushing the separatist Parti Quebecois.
The election in the mainly French-speaking province had turned into a referendum on whether to hold another vote on separating from Canada, and the answer appeared to be a resounding “Non.”
OTTAWA, April 7 (Reuters) – The anti-separatist Quebec
Liberal Party won a majority government in provincial elections
on Monday, eliminating the possibility of a new referendum on
separation from Canada for several years, television networks
The Quebec Liberals, who had warned incessantly of the
dangers of another referendum, trounced the separatist Parti
Quebecois, which had called the election in a bid to turn their
minority government into a majority.
OTTAWA (Reuters) – A month ago, Monday’s election in Quebec seemed like such a good idea to the ruling Parti Quebecois, the largest separatist party in the mostly French-speaking Canadian province.
Premier Pauline Marois and her minority government hoped to take advantage of a comfortable lead in the polls to capture a majority of seats in the provincial legislature. That would enable them to push through a provincial charter on secularism and possibly set the stage for a new referendum on whether the province should leave Canada.
OTTAWA, April 3 (Reuters) – Governments should require
companies shipping crude oil by rail to carry enough liability
insurance to make up for shortfalls in coverage carried by
railways, the president of Canada’s second-largest rail operator
said on Thursday.
Currently, there are no requirements in Canada for shippers
of oil and other dangerous cargo to carry liability insurance
against accidents, Keith Creel, president and chief operating
officer of Canadian Pacific Railway Ltd , said
after testifying to the House of Commons’ transport committee.
OTTAWA, April 1 (Reuters) – The Transportation Safety Board
of Canada renewed its call on Tuesday for the speedy phase-out
of older oil-by-rail cars in light of last summer’s inferno that
killed 47 people in an oil train explosion in the Quebec town of
“A long and gradual phase-out of older-model cars simply
isn’t good enough,” Transportation Safety Board Chair Wendy
Tadros told a House of Commons committee examining whether
Canada’s safety is adequate as much more oil is sent by rail.
OTTAWA, March 31 (Reuters) – It is impossible to say whether
the Northern Gateway oil pipeline or liquefied natural gas
projects will go ahead in the near future, British Columbia
Premier Christy Clark said on Monday.
“I don’t know the answer to that,” Clark said when asked if
Northern Gateway, an Enbridge Inc project to take oil
from Alberta to British Columbia’s Pacific Coast and on to Asian
markets, would proceed any time in the near future.
OTTAWA, March 31 (Reuters) – The Canadian economy bounced
back more strongly than expected in January from a
weather-induced decline in December but failed to regain all the
output that was lost in the final month of 2013, Statistics
Canada said on Monday.
Gross domestic product (GDP) showed real, seasonally
adjusted growth of 0.5 percent in January after December’s 0.5
percent decline. That was at the top end of a range of estimates
in a Reuters survey of analysts. The median forecast was for 0.4