OTTAWA, Jan 22 (Reuters) – The Bank of Canada signaled on
Wednesday it is more concerned about weak inflation than it was
three months ago and explicitly stated that its next move on
interest rates could be either down or up, depending on how
economic data unfolds.
The bank held its main overnight rate unchanged at 1.0
percent, as expected. While it said a more firmly entrenched
U.S. recovery and a weaker Canadian dollar would help lift
exports this year, its guidance on monetary policy was
incrementally more dovish than it had been.
OTTAWA (Reuters) – The Supreme Court of Canada agreed on Thursday to take another look at a decision it made in 1993 upholding a ban on assisted suicide, setting up a new battle over the right to die.
The case involves Gloria Taylor, an Amyotrophic Lateral Sclerosis (ALS) patient and activist, who joined the right to die lawsuit in 2011. Taylor died of her illness, informally called Lou Gehrig’s disease, in 2012.
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.