OTTAWA, Jan 10 (Reuters) – Canadian and U.S. officials will
introduce new safety standards for the kind of tanker cars
involved in a recent spate of fiery oil-by-rail accidents
“fairly soon”, Canadian Transport Minister Lisa Raitt said in an
interview broadcast on Saturday.
The focus is on whether to require older versions of the
DOT-111 tankers to be upgraded to stronger standards or phased
out. Since October 2011, new cars have been built to safer
requirements, but the vast majority of cars used are of the
older variety deemed more vulnerable to leaks and explosions.
OTTAWA, Jan 10 (Reuters) – Canada will auction off another
set of airwaves for wireless use in April 2015, structuring the
rules in a way designed to boost competition and lower consumer
prices, Industry Minister James Moore said on Friday.
The announcement on details of the 2,500 megahertz auction
comes as the Conservative government prepares to open the
bidding process for the 700 MHz spectrum on Tuesday.
TORONTO/OTTAWA Jan 9 (Reuters) – A Canadian investigator
said Thursday he has information that some of the tanker cars in
a Canadian National Railway train that derailed and
caught fire this week were DOT-111s, a model involved in a
series of crude-by-rail accidents.
It was not clear whether the cars were older models of the
DOT-111s, which do not meet stricter safety standards introduced
OTTAWA, Jan 7 (Reuters) – The Bank of Canada should keep its
key interest rate on hold until the data persuades it otherwise,
central bank chief Stephen Poloz said on Tuesday, adding that he
was not worried about calls from some international players to
His comments follow controversial remarks by Canada’s
finance minister on Sunday suggesting there would be pressure to
raise interest rates in 2014.
OTTAWA (Reuters) – Canada’s Supreme Court on Friday struck down major restrictions on prostitution, including bans on brothels and street solicitation, declaring the laws unconstitutional because they compromised the safety of sex workers.
The sweeping 9-0 decision will take effect in a year, allowing Parliament to come up with a fresh approach to regulating prostitution, and early talk focused on new legislation to target the buyers of sex rather than prostitutes.
OTTAWA (Reuters) – The Supreme Court of Canada struck down all current restrictions on prostitution on Friday, including bans on brothels and on street solicitation, declaring the laws were unconstitutional because they violated prostitutes’ safety.
The sweeping 9-0 decision will take effect in one year, inviting Parliament to try to come up with some other way to regulate the sex trade if it chooses to do so.
CALGARY/OTTAWA, Dec 18 (Reuters) – Enbridge Inc
will learn on Thursday whether Canadian regulators will
recommend approval of its proposed C$6 billion ($5.7 billion)
Northern Gateway oil pipeline, a project that has raised fierce
opposition by environmentalists and aboriginals.
The joint review panel’s decision is the first major
regulatory hurdle for the project, which would carry crude from
Alberta’s oil sands to Canada’s west coast for shipping to
energy-hungry Asia. The federal government is eager to develop
new markets for Canadian energy to reduce the country’s
dependence on the United States.
(Reuters) – Market volatility spurred by the U.S. Federal Reserve’s plans to scale back its massive stimulus program is far less of a concern now than it was earlier this year, Bank of Canada Governor Stephen Poloz told Reuters on Tuesday.
Investors understand the Fed’s thinking much better than they did when Chairman Ben Bernanke first mentioned the possibility of tapering the U.S. central bank’s $85 billion in monthly asset purchases on May 22, Poloz said.
OTTAWA, Dec 13 (Reuters) – Canada is looking at classifying
crude oil as a higher-risk dangerous good requiring emergency
response plans for shipping by rail following a train accident
that leveled the heart of a Quebec town in July, a government
official said on Friday.
The federal government’s transport department will draft
proposed regulations in February to require emergency response
assistance plans for the transportation of crude oil, said Jan
O’Driscoll, a spokesman for Transport Minister Lisa Raitt.
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