Randall's Feed
Oct 31, 2013

Microsoft, Infineon suits to proceed in Canada, not ADM

OTTAWA (Reuters) – Consumers may join class action lawsuits against Microsoft Corp and Infineon Technologies AG over allegations of unfair pricing for computer products, the Supreme Court of Canada ruled on Thursday.

But the high court refused to allow a class action to proceed against Archer Daniels Midland Co (ADM) and Cargill Inc over alleged price-fixing on high-fructose corn syrup used in soft drinks and baked goods.

Oct 31, 2013

Canada court lets Microsoft suit proceed but not ADM

OTTAWA, Oct 31 (Reuters) – Consumers may join a class action
lawsuit against Microsoft Corp over alleged unfair
pricing, the Supreme Court of Canada ruled on Thursday.

But the high court refused to allow a class action to
proceed against Archer Daniels Midland Co (ADM) and
Cargill Inc over alleged price-fixing on high-fructose
corn syrup used in soft drinks and baked goods.

Oct 30, 2013

Scandal alarms Canada’s ruling Conservatives ahead of convention

OTTAWA (Reuters) – Canada’s ruling Conservatives go into what was supposed to be a triumphant convention this weekend trying to limit damage from a scandal over improper expenses that reaches the office of Prime Minister Stephen Harper and could undermine the party’s chances of winning re-election in 2015.

Harper has been on the defensive since news broke that his then chief of staff, Nigel Wright, gave a personal check for C$90,000 ($85,700) to Mike Duffy, a member of the upper Senate chamber, to help repay expenses that Duffy improperly claimed.

Oct 28, 2013

Canada scandal deepens amid accusation of cover-up by prime minister

OTTAWA (Reuters) – A Canadian legislator at the heart of a spending scandal on Monday accused Prime Minister Stephen Harper of being involved in a cover-up deal, deepening a crisis that has engulfed the Conservative government.

Senator Mike Duffy made his allegations just days before a Calgary convention of the ruling Conservatives, who have lost support in the polls since the scandal broke in May and are now trailing the opposition Liberals.

Oct 23, 2013

Bank of Canada drops rate-hike talk, sees slower growth

OTTAWA (Reuters) – The Bank of Canada has abandoned 18 months of warnings that interest rates will one day have to rise, saying on Wednesday that a soft economy and persistently weak inflation mean there is as much chance of a rate cut as a rate hike.

The surprise policy shift, which knocked the Canadian dollar to a one-week low and sent bond prices higher, came in a statement in which the central bank kept its key rate at 1.0 percent and dropped any hint of an eventual rate increase.

Oct 23, 2013

Bank of Canada drops rate-hike talk amid slow recovery

OTTAWA, Oct 23 (Reuters) – The Bank of Canada abandoned on
Wednesday an 18-month stretch of rate-hike talk in a dramatic
policy shift that highlighted lower-than-expected growth and the
risk of persistently weak inflation.

In a statement following its latest monetary policy meeting,
the central bank held its key interest rate at 1.0 percent, the
level it has been at for over three years.

Oct 22, 2013

Canada’s 2012-13 deficit lower than budget forecast

OTTAWA, Oct 22 (Reuters) – Canada’s final budget figures for
the fiscal year that ended in March show a deficit of C$18.9
billion ($18.3 billion), slightly higher than a government
estimate released in May, but much lower than the forecast it
released in its March budget.

In a preliminary report on May 31, the Finance Department’s
Fiscal Monitor estimated a shortfall of C$18.3 billion for the
2012-13 year, while the government’s annual
budget released on March 21 had projected the deficit would be
C$25.9 billion.

Oct 22, 2013

Canadian August retail sales rise, GDP to show growth

OTTAWA, Oct 22 (Reuters) – Canadian retail sales rose
modestly in August, their second consecutive monthly rise,
according to Statistics Canada data on Tuesday that pointed to
similarly modest economic growth for the month.

The 0.2 percent rise in retail sales just missed the 0.3
percent consensus in a Reuters survey of analysts, after a
downwardly revised 0.5 percent rise in July. Excluding motor
vehicle and parts dealers, sales rose 0.4 percent, beating
street expectations of a 0.2 percent gain.

Oct 18, 2013

Canadian court backs patient’s family in life-support ruling

OTTAWA, Oct 18 (Reuters) – Ontario doctors have no right to
unilaterally withdraw life support from a patient if the family
objects, the Supreme Court of Canada ruled on Friday in a case
that centered on a Toronto man who has been in a coma since
2010.

The wife of Hassan Rasouli, a Shi’ite Muslim, had objected
on religious grounds to the doctors’ decision that her husband’s
life support should be withdrawn as it was of no medical
benefit, arguing that if death can be prevented, it should be.

Oct 18, 2013

Canada inflation unchanged in Sept, well under target

OTTAWA/TORONTO, Oct 18 (Reuters) –
Canada’s annual inflation rate held steady last month, while
underlying price pressures were also unchanged, suggesting the
Bank of Canada has plenty of room to maintain its low interest
rate policy.

Annual inflation was 1.1 percent in September, the same as
the month before, Statistics Canada said on Friday, slightly
higher than economists’ expectations for 1.0 percent.