Randall's Feed
Sep 23, 2013

No big U.S. telecoms in Canada auction, boosting domestics

OTTAWA (Reuters) – Major foreign telecommunications companies have not registered for a Canadian wireless spectrum auction, raising questions about the government’s plans to introduce more competition into the mobile telephone sector.

The lack of major foreign entrants in a list of bidders that the government published on Monday is good news for the dominant Canadian companies – Rogers Communications Inc, BCE Inc and Telus Corp. The three had complained that the auction rules favored foreigners.

Sep 19, 2013

Canada to set up new markets watchdog, but scope limited

OTTAWA (Reuters) – Canada’s federal government and two of its provinces will set up a common securities regulator as a first step toward their ultimate goal of replacing the current patchwork of provincial agencies with a more efficient national markets watchdog.

Federal Finance Minister Jim Flaherty and his counterparts from Ontario and British Columbia unveiled details of the plan on Thursday. Together, Ontario and British Columbia are home to about two-thirds of the country’s capital markets.

Sep 19, 2013

Canada to set up securities regulator with Ontario, B.C.

OTTAWA, Sept 19 (Reuters) – Canada’s federal government and
two of its provinces will set up a common securities regulator
to try to replace the current patchwork of provincial
regulation, but most provinces, notably the French-speaking
province of Quebec, have not signed on.

Federal Finance Minister Jim Flaherty and his counterparts
from Ontario, home to the country’s predominant capital market,
and British Columbia unveiled details of their plan on Thursday.

Sep 19, 2013

Passenger train, bus collide in Canada’s capital, six dead

OTTAWA (Reuters) – A passenger train and a double-decker city bus collided on the outskirts of Ottawa on Wednesday, killing six people on the bus and injuring 30 others, emergency officials said.

The front of the red double-decker bus was sheared off and the engine of the VIA Rail train had derailed, but the train cars remained upright with little noticeable damage.

Sep 18, 2013

Canada passenger train collides with bus in capital, five dead

OTTAWA (Reuters) – A passenger train collided with a double-decker city bus on the outskirts of Ottawa and derailed on Wednesday, killing at least five people, an emergency official said.

The front of the red double-decker bus was sheared off and the engine of the VIA Rail train had derailed, but the train cars remained upright with little noticeable damage.

Sep 16, 2013

Foreigners return to Canadian securities but pace slower

OTTAWA, Sept 16 (Reuters) – Foreigners resumed their
acquisitions of Canadian securities in July after a huge
divestment in June, with purchases so far this year running at
half the pace of last year.

Statistics Canada said on Tuesday that foreigners bought a
net C$6.09 billion ($5.91 billion) worth of securities in July
after sales of C$15.43 billion in June. Their purchases of
Canadian securities in the first seven months of 2013 reached
C$21.90 billion versus C$42.67 billion a year earlier.

Sep 15, 2013
via FaithWorld

Quebec separatists play to core voters with ban on headscarves and other religious wear

Photo

(Demonstrators protest against Quebec’s proposed Charter of Values in Montreal, September 14, 2013. REUTERS/ Christinne Muschi)

Quebec’s separatist government is betting on broad popular support with a proposal that prohibits public workers from wearing headscarves, skullcaps and other religious symbols, yet it is dividing the movement that advocates independence from Canada.

Sep 15, 2013

Analysis: Quebec separatists play to core voters with headscarf, turban ban

By Randall Palmer

(Reuters) – Quebec’s separatist government is betting on broad popular support with a proposal that prohibits public workers from wearing headscarves, skullcaps and other religious symbols, yet it is dividing the movement that advocates independence from Canada.

The proposal, unveiled by the ruling Parti Quebecois on Tuesday, plays with the explosive issue of minority rights in a part of Canada, a country that prides itself as being a tapestry of immigrants rather than a U.S.-style melting pot.

Sep 13, 2013
via FaithWorld

Quebec separatists reap first casualty in religious symbol drive

Photo

(Quebec’s Minister of Democratic Institutions Bernard Drainville speaks during a news conference to present the Quebec Charter of Values at the National Assembly in Quebec City, September 10, 2013. The words read “Marking up accommodations in the Quebec Charter of Human Rights and Freedoms and to add to the religious neutrality of the state”. REUTERS/Mathieu Belanger)

The separatist Bloc Quebecois kicked one of its five members of Parliament out of its caucus on Thursday after she took a strong stand against a proposal by Quebec’s separatist government to ban public workers from wearing most religious symbols.

Sep 4, 2013

Bank of Canada holds rates, signals no rush to follow Fed

OTTAWA, Sept 4 (Reuters) – The Bank of Canada held its key
interest rate steady on Wednesday but signaled it has concerns
about global economic uncertainty and the health of the
country’s export sector, suggesting it is in no rush to follow
the U.S. Federal Reserve in altering monetary policy.

In a statement accompanying its widely expected rate
decision, the central bank repeated its vague tightening bias,
pointing to higher rates somewhere on the horizon. But it also
highlighted the slack in Canada’s economy and muted inflation,
and cited signs of improvement in household debt and in the
housing market, all of which suggested such a move is some way
off.