Randall's Feed
Dec 17, 2012

No conflict in Carney lodging with Liberal -Bank of Canada

OTTAWA, Dec 17 (Reuters) – The Bank of Canada’s general
counsel has determined that Governor Mark Carney did not engage
in a conflict of interest when he and his family stayed at the
home of Liberal legislator and finance critic Scott Brison,
Carney spokesman Jeremy Harrison said on Monday.

Harrison confirmed that Carney and his family stayed at a
home owned by Brison in Nova Scotia during part of their summer
vacation this year, news that was revealed in a Globe and Mail
story on Saturday on Liberal attempts to get Carney to run for
leader of the party. Harrison said Carney and Brison have been
personal friends for about a decade.

Dec 14, 2012

Top Canada court upholds anti-terrorism law in unanimous ruling

OTTAWA, Dec 14 (Reuters) – Canada’s Supreme Court on Friday
upheld an anti-terrorism law enacted after the Sept. 11, 2001,
attacks on the United States, ruling unanimously that those who
choose to engage in terrorism must “pay a very heavy price.”

The law’s constitutionality was challenged by Mohammad Momin
Khawaja, convicted in Canada of terrorism for involvement with a
British group that had plotted unsuccessfully to set off bombs
in London.

Dec 13, 2012

Canada court rejects plan for broadcasters to charge for signals

OTTAWA, Dec 13 (Reuters) – Canada’s broadcast regulator does
not have the authority to impose a value-for-signal plan under
which television broadcasters would charge cable and satellite
firms for their programming, the Supreme Court of Canada ruled
on Thursday.

The industry regulator, the Canadian Radio-television and
Telecommunications Commission, had in 2010 accepted the
broadcasters’ arguments that local stations needed new money to
stay viable. Before imposing a fee system on cable companies, it
asked the courts to verify that it had the right to do so and
the Supreme Court ruled on Thursday that it did not.

Dec 5, 2012

Flaherty sees Canadian foreign investment rules soon

OTTAWA, Dec 5 (Reuters) – Canada will announce eagerly
awaited guidelines to clarify its rules for approving foreign
investments “fairly soon,” Finance Minister Jim Flaherty said on
Wednesday, as suspense builds around the government’s reviews of
two bids for Canadian energy producers.

The Conservative government has promised for two months that
it would issue the guidelines soon and that it planned to do so
at about the same time as it announces its decisions on takeover
proposals by Chinese and Malaysian bidders.

Dec 4, 2012

Bank of Canada keeps rate-hike stance despite softening economy

OTTAWA, Dec 4 (Reuters) – The Bank of Canada held interest
rates steady on Tuesday and said it would likely need to hike
rates “over time”, repeating the formula it used in October
despite weaker-than-expected growth, soft inflation and worries
about the U.S. fiscal cliff.

“Over time, some modest withdrawal of monetary policy
stimulus will likely be required, consistent with achieving the
2 percent inflation target,” the bank said in a statement, using
language identical to its Oct. 23 rate announcement.

Nov 30, 2012

Harper confidante highlights CNOOC-Nexen concerns

OTTAWA, Nov 30 (Reuters) – A Canadian cabinet figure known
to have reservations about CNOOC Ltd’s bid to buy
Nexen Inc on Friday underscored Prime Minister
Stephen Harper’s concerns about takeover bids by foreign
state-owned enterprises.

Immigration Minister Jason Kenney said Harper had stressed
the importance of preserving Canadian values, such as human
rights, in dealing with China. But Kenney, a Harper confidante,
conceded a foreign investment agreement that Ottawa recently
reached with China provided much-needed reciprocity.

Nov 29, 2012

Malaysian minister went to Canada over Petronas bid

OTTAWA, Nov 29 (Reuters) – A Malaysian minister flew to
Canada to discuss with federal officials the bid by Malaysian
state-owned oil company Petronas for Progress Energy
Resources Corp after Canada initially turned it down,
Canadian Industry Minister Christian Paradis said on Thursday.

Idris Jala, a minister without portfolio in the cabinet of
Malaysian Prime Minister Najib Razak, met Deputy Industry
Minister John Knubley and discussed the bid with Canadian
officials after Paradis’ rejection of it on Oct.
19.

Nov 28, 2012

Canada sticks to formula on CNOOC despite CFIUS refile

OTTAWA, Nov 28 (Reuters) – Canada said on Wednesday it would
decide soon on two big foreign takeover bids for domestic energy
companies, despite possible delays in approval by U.S.
regulatory authorities.

“We intend obviously to take decisions on a couple of
particular matters along with some more general guidance to the
marketplace. We intend to do that in the near future and that’s
all I’ll say about that,” Prime Minister Stephen Harper said.

Nov 27, 2012

Canada still examining options on foreign energy bids

OTTAWA, Nov 27 (Reuters) – With deadlines fast approaching,
Canada is still weighing two proposed foreign takeovers of
domestic energy companies, but a top minister offered no clues
on Tuesday as to when or how the government would announce the
hotly debated decisions.

The government says it will unveil new policy guidelines on
foreign investment at about the same time it announces verdicts
on the proposed takeovers: A bid by China’s CNOOC Ltd
for Nexen Inc and a bid by Malaysia’s Petronas
for Progress Energy Resources Corp.

Nov 27, 2012

Canada says still examining options on CNOOC bid

OTTAWA, Nov 27 (Reuters) – The Canadian government is still
mulling its options as deadlines near on two proposed foreign
takeovers of domestic energy companies, but an official offered
no clues on when or how Ottawa would announce the hotly debated
decisions.

Andrew MacDougall, spokesman for Prime Minister Stephen
Harper, did not comment on a report that the federal government
might want China’s CNOOC to sell the 7 percent stake
that takeover target Nexen Inc holds in the
large Syncrude oil sands joint venture, because fellow Chinese
company Sinopec has a 9 percent stake in it.