Randall's Feed
Apr 7, 2013

In mid-term doldrums, Canada’s Conservatives hope to reboot

OTTAWA, April 7 (Reuters) – Voter fatigue with Canada’s
ruling Conservatives and signs of stress within the government
are putting Prime Minister Stephen Harper under pressure to
freshen up his team and policies as the telegenic son of Pierre
Trudeau starts snapping at his heels.

Even though the election is 30 months away – in October 2015
- the next few months will be a critical time for Harper, given
mounting evidence in opinion polls that the Conservatives risk
losing power after what would be nearly a decade in office.

Apr 2, 2013

Forex controls hinder global growth – Bank of Canada deputy governor

OTTAWA (Reuters) – Countries that impose capital controls and accumulate reserves are delaying the adjustments needed to help the global economy grow fully, Bank of Canada Deputy Governor John Murray said on Tuesday, adding that he did not want to blame anyone country.

“There is a sense that, as indicated by the reserves that have been accumulated and the capital controls, there certainly has been resistance on certain fronts,” Murray said in a presentation in Washington that was webcast.

Apr 2, 2013

Forex controls hinder global growth-Bank of Canada deputy gov

OTTAWA, April 2 (Reuters) – Countries that impose capital
controls and accumulate reserves are delaying the adjustments
needed to help the global economy grow fully, Bank of Canada
Deputy Governor John Murray said on Tuesday, adding that he did
not want to blame any one country.

“There is a sense that, as indicated by the reserves that
have been accumulated and the capital controls, there certainly
has been resistance on certain fronts,” Murray said in a
presentation in Washington that was webcast.

Mar 21, 2013

Canada to set higher capital requirements for key banks

OTTAWA, March 21 (Reuters) – Canada’s federal budget laid
out plans on Thursday to impose higher capital requirements on
banks whose failure could disrupt the Canadian financial system
and economy.

Finance Minister Jim Flaherty also said the federal
government would go ahead with its own capital markets
regulatory framework if it cannot agree with the provinces on
creating a common securities regulator.

Mar 21, 2013

Canada eyes 40-year-plus bonds to lock in low yields

OTTAWA, March 21 (Reuters) – The Canadian government is
considering imitating some its Group of Seven peers and most of
its provinces in issuing bonds of 40 years or longer so it can
lock in low interest rates, according to Thursday’s federal
budget.

The government also announced it would extend a temporary
increase in the issue of 10- and 30-year bonds as it shifts out
of short-term government debt.

Mar 21, 2013

Canada plans limits on the use of portfolio mortgage insurance

OTTAWA, March 21 (Reuters) – The Canadian government intends to introduce some limits on the use of mortgage insurance, a move it hopes will increase market discipline in residential lending and reduce taxpayer exposure to the housing sector.

The changes, announced in the federal budget on Thursday, will not have a direct effect on consumers wanting to take out mortgages. But it could cause banks to raise their rates or limit their lending.

Mar 19, 2013

Canada budget to focus on infrastructure, manufacturers, skills

OTTAWA, March 19 (Reuters) – Canada’s 2013-14 budget will
focus on infrastructure, helping manufacturers, and better
aligning training with the skills employers need, Finance
Minister Jim Flaherty said on Tuesday.

“As we put the final touches on this year’s plan, it is
important to note that jobs and the economy remain our
government’s top priority,” Flaherty wrote in a letter to the
caucus of the governing Conservative Party ahead of Thursday’s
budget release.

Mar 18, 2013

Canada cautious on liberalizing foreign investment

OTTAWA, March 18 (Reuters) – Canada will be cautious about
liberalizing foreign investment rules for sensitive economic
sectors because it’s very hard to reverse a decision once it’s
been made, Industry Minister Christian Paradis said in an
interview on Monday, meanwhile insisting that Canada remains
open to foreign investment.

“When you decide to go with these kinds of reforms, you
cannot ratchet down after that. You can ratchet up but not
down,” said Paradis, who is the government minister responsible
for foreign investment rules.

Mar 18, 2013

Canada cautious on foreign investment changes – minister

OTTAWA, March 18 (Reuters) – Canada remains open to foreign
investment but will be cautious about liberalizing rules for
sensitive sectors since such decisions tend to be irreversible,
Industry Minister Christian Paradis said on Monday.

“When you decide to go with these kinds of reforms, you
cannot ratchet down after that. You can ratchet up but not
down,” Paradis told Reuters in an interview in his office.

Mar 16, 2013
via FaithWorld

Now-secular Quebec symbolizes challenge facing Pope Francis

Photo

(Saint Vital Church in Lambton, Quebec, 1 April 2010/Fdesjardins)

Just 60 years ago the Roman Catholic Church held such sway in the Canadian province of Quebec that Protestant evangelists were jailed for refusing to stop preaching in the street.

A key challenge facing Pope Francis is the increasing secularization of Western society, and few places demonstrate this issue more than Quebec, where the Church’s influence is a shadow of the near-absolute power its held before the 1960s.