Randall's Feed
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.

May 26, 2015

Analysis – 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.

May 19, 2015

Bank of Canada’s Poloz: economy on track for partial Q2 rebound

CHARLOTTETOWN, Prince Edward Island, May 19 (Reuters) – The
Canadian economy remains on track for a partial rebound in the
second quarter as non-energy exports and other positive forces
continue to build, Bank of Canada Governor Stephen Poloz said on
Tuesday.

Against the backdrop of the central bank’s shock interest
rate cut in January and a weaker Canadian dollar, Poloz said the
economy would be marked by strong positive momentum in the
second half of the year and be on track to reach full capacity
by the end of 2016.

May 13, 2015

Canada seen as unlikely to tamper with inflation target during review

OTTAWA, May 13 (Reuters) – Canadian financial authorities
are unlikely to raise the country’s inflation target after a
review this year given the risk to the central bank’s
credibility and widespread support for the existing benchmark,
economists say.

The Bank of Canada, which reviews the target every five
years, flagged in November that it was researching whether to
raise the target above 2 percent, given the difficulties of
conducting monetary policy with interest rates near zero.

May 8, 2015

Philippines says important to uphold rights over South China Sea

OTTAWA (Reuters) – Philippine President Benigno Aquino, in remarks that follow Chinese warnings against Philippine flights over the South China Sea, said on Friday it was important to uphold the right to fly in that area.

“It is in our interest to uphold the freedom of navigation and overflight in South China Sea, a region that is of vital importance not only to Southeast Asia but also to the rest of the global community,” Aquino, who was visiting Canada, said during a joint news conference with Prime Minister Stephen Harper.