Randall's Feed
Feb 17, 2013

G20 steps back from currency brink, heat off Japan

MOSCOW (Reuters) – The Group of 20 nations declared on Saturday there would be no currency war and deferred plans to set new debt-cutting targets, underlining broad concern about the fragile state of the world economy.

Japan’s expansive policies, which have driven down the yen, escaped direct criticism in a statement thrashed out in Moscow by policymakers from the G20, which spans developed and emerging markets and accounts for 90 percent of the world economy.

Feb 16, 2013

Carney dismisses concern about inflation expectations

MOSCOW (Reuters) – The future head of the Bank of England, Mark Carney, dismissed concern on Saturday about the danger of inflation expectations spiraling in Britain and elsewhere.

Carney, governor of the Bank of Canada, has been an advocate of flexible inflation targeting, and said last month that monetary policy was not maxed out in major economies.

Feb 16, 2013

G20 defuses talk of “currency war”

MOSCOW (Reuters) – The Group of 20 nations declared on Saturday there would be no ‘currency war’ and deferred plans to set new debt-cutting targets in an indication of concern about the fragile state of the world economy.

Japan’s expansive policies, which have driven down the yen, escaped criticism in a statement thrashed out in Moscow by financial policymakers from the G20, which groups developed and emerging markets and accounts for 90 percent of the world economy.

Feb 16, 2013

G20 defuses talk of ‘currency war’, no accord on debt

MOSCOW, Feb 16 (Reuters) – The Group of 20 nations declared
on Saturday there would be no ‘currency war’ and deferred plans
to set new debt-cutting targets in an indication of concern
about the fragile state of the world economy.

Japan’s expansive policies, which have driven down the yen,
escaped criticism in a statement thrashed out in Moscow by
financial policymakers from the G20, which groups developed and
emerging markets and accounts for 90 percent of the world
economy.

Feb 12, 2013

Canada’s Carney wants G7 FX commitment to expand to G20

OTTAWA, Feb 12 (Reuters) – The Group of Seven leading
industrialized nations must go into this weekend’s G20 meetings
forcefully pressing major emerging economies to adopt flexible
foreign exchange rates, Bank of Canada Governor Mark Carney said
on Tuesday.

Carney, who will change jobs and become the governor of the
Bank of England in July, also said it was critical that no G7
members use monetary policy to target exchange rates. His
comments come after Japan’s new government pressed for an
aggressive loosening of monetary policy, which has caused the
yen to weaken sharply.

Feb 12, 2013

Canada’s Carney says G7 needs to press G20 on exchange rates

OTTAWA (Reuters) – The Group of Seven leading industrialized nations must go into this weekend’s G20 meetings forcefully pressing major emerging economies to adopt flexible foreign exchange rates, Bank of Canada Governor Mark Carney said on Tuesday.

Carney, who is the incoming Bank of England governor, also said it was critical that no G7 members use monetary policy to target exchange rates. His comments come after Japan’s new government pressed for an aggressive expansion of monetary policy, which has caused the yen to weaken sharply.

Feb 7, 2013

Mortgage rules take bite out of Canada building permits

OTTAWA, Feb 7 (Reuters) – Tighter Canadian mortgage rules
appear to have put a serious damper on the housing market,
especially on the heated condominium sector, judging by
Statistics Canada data released on Thursday.

The value of Canadian building permits fell 11.2 percent in
December after a 14.5 percent decline in November. That was the
biggest two-month drop fall since the data series started in
1989, and left the value of building permits 16.2 percent lower
than a year earlier.

Feb 6, 2013

Canada’s Flaherty says budget being hit by oil discount

OTTAWA, Feb 6 (Reuters) – Current discounted prices for
Canadian oil are slowing the growth of nominal gross domestic
product and therefore Canadian government revenues, Finance
Minister Jim Flaherty said on Wednesday.

Delayed pipeline projects and an excess of supply in
crude-rich Alberta mean Canada is forced to sell some heavy
crude at a deep discount to world prices, although that price
gap has recently narrowed.

Feb 6, 2013

Canada eyes revoking citizenship of dual nationals tied to terror

OTTAWA (Reuters) – The Canadian government is eyeing legislation that would let it revoke the citizenship of dual nationals involved in acts of terrorism following news that a Canadian-Lebanese man participated in an attack that killed Israeli tourists in Bulgaria last year.

The Conservative government said on Tuesday that a Canadian dual national was one of three people who attacked a tourist bus in Bulgaria last summer, killing five Israelis.

Feb 5, 2013

Canadian’s involvement in Bulgaria bombing underlines concerns

OTTAWA (Reuters) – The revelation on Tuesday that a Canadian-Lebanese dual national took part in the 2012 bombing of a tourist bus in Bulgaria underscores security agencies’ concerns about the danger posed by Canadians joining attacks abroad.

It is not a problem that is exclusive to Canada. But last April the government’s Canadian Security Intelligence Service said as many as 60 Canadians had traveled – or tried to travel – to Somalia, Afghanistan, Pakistan and Yemen to join al Qaeda-affiliated groups and engage in terror-related activities.