OTTAWA, May 23 (Reuters) – - Canada’s annual inflation rate
rose to the central bank’s 2 percent target in April for the
first time in two years, Statistics Canada said on Friday,
further dampening talk of a cut in interest rates.
The jump from 1.5 percent in March was exactly as expected
in a Reuters survey of analysts, as was the 0.3 percent monthly
rise in prices from March.
OTTAWA, May 16 (Reuters) – Possible changes to make it
harder to bring temporary foreign workers into Canada may force
some restaurants to curb their hours or even shut down, and
could hamper important exports if not properly structured,
employers groups warned on Friday.
Employment Minister Jason Kenney and Immigration Minister
Chris Alexander on Thursday bandied about with employers and
unions several ideas for reforming the temporary foreign worker
program, which has recently come under enormous criticism.
OTTAWA, April 23 (Reuters) – Canada will require that the
use of older rail cars for carrying crude oil be phased out
within three years, even though the United States has yet to
make such a rule change, according to documents seen by Reuters
The unilateral move is a response to recommendations that
followed an investigation into a fiery rail-car derailment in
Lac-Megantic, Quebec, last July that killed 47 people.
OTTAWA, April 17 (Reuters) – The Canadian government will
take several more weeks to evaluate its options for the
much-delayed replacement of the country’s CF-18 fighter jets,
Public Works Minister Diane Finley said on Thursday.
The decision boils down to whether to proceed with a
single-source contract to Lockheed Martin Corp for 65
F-35 stealth fighters or to go with a tender that opens up the
bidding to competitors.
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.