Randall's Feed
Nov 16, 2012

Canada’s BCE, Astral plan new takeover application

TORONTO/OTTAWA, Nov 16 (Reuters) – Canada’s BCE Inc
and Astral Media Inc have decided to go ahead with a
new, revised application for approval of their proposed
combination after the first one was rejected, the country’s
broadcasting regulator said on Friday.

Earlier, Astral said it was in discussions with BCE, the
parent of Bell Canada, over revisions to their agreement that
would overcome regulatory opposition to their original.

Nov 16, 2012

Canada pledges again to balance budget by 2015

OTTAWA/NEW YORK, Nov 16 (Reuters) – The Canadian government
on Friday reiterated its intention to balance its budget by
2015, three days after projecting there would be deficits until
2016-17.

In separate appearances in Quebec City and New York, Prime
Minister Stephen Harper and Finance Minister Jim Flaherty were
at pains to say they still intended to end the red ink by 2015.

Nov 8, 2012

Indian nuclear liability rules make SNC Lavalin wary

BANGALORE, India, Nov 8 (Reuters) – Despite the high-profile
nuclear agreement this week between Canada and India, Canadian
engineering firm SNC Lavalin Group Inc will not be
rushing to build reactors in India until its concerns over
liability are addressed.

SNC Lavalin International President Ronald Denom told
Reuters on Thursday that his company would proceed cautiously in
light of Indian liability rules, which have so far sidelined
U.S. companies such as General Electric Co.

Nov 8, 2012

Canada’s Harper expects foreign investment decisions very soon

BANGALORE, India, Nov 8 (Reuters) – Canada will make
decisions very soon on foreign investment proposals it is
considering and on the broader framework for dealing with such
investment, Prime Minister Stephen Harper said on Thursday.

“The government of Canada has some very important decisions
before it on when it will take public positions in the very near
future along with positions on some of the broader policy
questions,” Harper told a news conference during a visit to
India.

Nov 6, 2012

Canada to allow civil nuclear trade with India

NEW DELHI, Nov 6 (Reuters) – Canadian firms will be able to
export uranium and nuclear reactors to India for the first time
in almost four decades under an agreement between the two
nations, their prime ministers said, but more work is needed to
implement the deal.

Once implemented, the agreement will end a ban on nuclear
cooperation Canada imposed in 1976 after India secretly exploded
its first nuclear bomb in 1974, commonly called the “Smiling
Buddha”, using material from a Canadian-built reactor in India.

Nov 6, 2012

Canada to allow civil nuclear trade with India, no timeline

NEW DELHI (Reuters) – Canadian firms will soon be able export uranium and nuclear reactors to India for the first time in almost four decades following an agreement between the two countries, Canadian Prime Minister Stephen Harper said on Tuesday.

It will end a penalty Canada imposed in 1976 after India secretly exploded its first nuclear bomb in 1974, commonly called “Smiling Buddha”, using material from a Canadian-built reactor in India.

Nov 4, 2012

Vodafone controversy pushes back Canada-India investment deal

AGRA, India, Nov 4 (Reuters) – A high-profile tax dispute
between the Indian government and British telecoms operator
Vodafone Group has made it unlikely that India will sign
a foreign investment protection treaty with Canada during a
visit this week by Prime Minister Stephen Harper, Canada’s top
diplomat in India said on Sunday.

Canadian High Commissioner Stewart Beck also signaled an
important disagreement with India in negotiations aimed at
opening up Canadian exports of uranium to India.

Nov 1, 2012

Harper to promote Canada business, but no investment rules yet

OTTAWA, Nov 1 (Reuters) – Prime Minister Stephen Harper will
promote Canada as open for business during a Nov. 3-11 trip to
Asia, although he is not likely to unveil long-awaited
guidelines for foreign takeovers of Canadian firms, an aide said
on Thursday.

“I don’t think it’s a problem at all to go around the world
and say we’re open for business, because we are,” Harper’s chief
spokesman, Andrew MacDougall, told reporters ahead of the trip,
which will take Harper to India, the Philippines and Hong Kong.

Oct 31, 2012

Bank of Canada chief-”A lot” of headwinds hitting economy

OTTAWA, Oct 31 (Reuters) – Bank of Canada Governor Mark
Carney, on the heels of telling markets that an interest rate
hike was not imminent, offered several reasons on Wednesday for
why the central bank has kept rates exceptionally low.

“There are a lot of headwinds against the Canadian economy
from the rest of the world, there’s a challenge to encourage
business to invest, there are pressures on the currency,” Carney
told a parliamentary committee.

Oct 31, 2012

Nexen review likely to be extended again – sources

OTTAWA, Oct 31 (Reuters) – Canada is likely to extend its
review of the $15.1 billion bid by China’s CNOOC Ltd
for oil producer Nexen Inc beyond next week’s deadline
to allow more time for the government to formulate a broad
framework on foreign investment, two sources close to the matter
said on Wednesday.

The sources said there was too little time before the Nov.
10 deadline for the federal government to conclude deliberations
on the Nexen deal as well as prepare a framework to clarify its
overall policy on foreign deals.