Randall's Feed
Jul 13, 2015

Canada housing oversight would ease central bank’s dilemma -economists

OTTAWA, July 13 (Reuters) – Canada should make the central
bank’s job easier by splitting off responsibility for risks such
as the hot housing market, leaving it to focus on inflation and
the broader economy, economists said ahead of a key interest
rate decision this week.

The Bank of Canada decides on Wednesday whether to stimulate
a flagging economy by cutting interest rates for the second time
this year, a move that would pour fuel on a property market it
has called overvalued.

Jul 6, 2015

Bank of Canada survey shows low oil price still hurts economy

OTTAWA, July 6 (Reuters) – Current Canadian business
sentiment paints a picture of two economies, according to a Bank
of Canada report on Monday, with cheap oil depressing the
outlook in petroleum-related industries, but with some promising
signs elsewhere.

The central bank’s quarterly business outlook survey showed
indicators of upcoming business activity remaining low but
edging up modestly, supported by a generally positive U.S.
outlook.

Jun 30, 2015

With Canada PM job now in reach, ‘Angry Tom’ reins in temper

OTTAWA (Reuters) – The left-wing leader in striking distance of toppling Canada’s Conservative prime minister was once known as “Angry Tom,” but Thomas Mulcair has been turning on the charm to convince voters he is ready to run the country.

The 60-year-old Mulcair, who inherited Canada’s opposition New Democratic Party after his charismatic predecessor died in 2011, holds a slim lead in a tight, three-way race ahead of the Oct. 19 general election, according to the latest polls.

Jun 22, 2015

Trudeau offers cabinet committee to repair U.S. ties

OTTAWA, June 22 (Reuters) – If Canada’s Liberal Party wins
the October general election it will create a special cabinet
committee to oversee damaged relations with the United States,
Liberal leader Justin Trudeau said on Monday.

Trudeau, whose Liberals are in third place in most opinion
polls, blamed Conservative Prime Minister Stephen Harper for
souring ties with Barack Obama by lecturing the U.S. president
in New York on the need to approve TransCanada Corp’s
Keystone XL oil pipeline.

Jun 22, 2015

Trudeau promises cabinet committee to improve Canada-U.S. ties

OTTAWA, June 22 (Reuters) – If Canada’s Liberal Party wins
the October general election it will create a special cabinet
committee to oversee and manage damaged relations with the
United States, Liberal leader Justin Trudeau said on Monday.

Trudeau, whose Liberals are in third place in most opinion
polls, blamed Conservative Prime Minister Stephen Harper for
souring ties with Barack Obama by lecturing the U.S. president
in New York on the need to approve TransCanada Corp’s
Keystone XL oil pipeline.

Jun 19, 2015

Canada Conservatives lose another top minister ahead of election

OTTAWA, June 19 (Reuters) – Canadian Industry Minister James
Moore unexpectedly announced on Friday he would quit politics,
becoming the third senior minister in less than five months to
say they were leaving ahead of a federal election in October.

The Conservatives, in power since 2006, have been struggling
in the polls, but Moore, 39, said his reason for not running
again was to be able to take care of his disabled son.

Jun 11, 2015

Bank of Canada: risks edge up on household debt, low oil

OTTAWA, June 11 (Reuters) – Risks to the Canadian financial
system have edged up because of high household debt and the
associated economic impacts of low oil prices, the Bank of
Canada concluded on Thursday in its Financial Stability Review
(FSR).

“We judge that the vulnerability associated with household
indebtedness is edging higher, and the overall risk to financial
stability in Canada is slightly higher than it was at the time
of our December FSR,” Governor Stephen Poloz stated.

Jun 8, 2015

Greece only has days to reach deal with creditors: Noyer

MONTREAL, June 8 (Reuters) – Greece has only “a matter of
days” to reach a deal with its international creditors, European
Central Bank governing council member Christian Noyer said on
Monday, adding that a Greek exit from the euro zone would not
cause a problem for the currency bloc.

Noyer, also governor of the Bank of France, said it was
“extremely urgent” for Athens to reach a deal and realistically
it had only “a matter of days” since any late-June agreement
would need to be approved by various European legislatures.

May 27, 2015

Bank of Canada holds rates, unconcerned by weak U.S. first quarter

OTTAWA, May 27 (Reuters) – The Bank of Canada held its key
interest rate at 0.75 percent on Wednesday, shrugging off a weak
U.S. economy in the first quarter and saying solid U.S. growth
this quarter should help Canadian exports and business
investment.

The market had widely expected bank Governor Stephen Poloz
to keep the benchmark rate steady, but some analysts had begun
to question whether he was overly optimistic in expecting U.S.
strength to help Canada achieve the bank’s forecasts of
annualized economic growth of 1.8 percent in the second quarter
and 2.8 percent in the third.

May 26, 2015

Poll surge raises election win prospect for Canada’s leftist NDP

OTTAWA (Reuters) – A surge in support for Canada’s left-leaning New Democrats is forcing strategists and investors to consider a once unthinkable prospect – the party which has never governed federally might now win the October election.

The New Democratic Party (NDP) scored a stunning upset in Alberta’s provincial election this month, ending four decades of Progressive Conservative rule. And after two years at a distant third in national polls it is now at or near the top.