Randall's Feed
Dec 3, 2014

Bank of Canada sees broadening recovery, oil price risk

OTTAWA, Dec 3 (Reuters) – The Bank of Canada held its policy
rate unchanged at 1 percent on Wednesday, declaring that while
Canada’s economic recovery is broadening to include exports and
business investment, lower oil prices could cut inflation more
than expected.

“Canada’s economy is showing signs of a broadening
recovery,” the bank said. “Stronger exports are beginning to be
reflected in increased business investment and employment. This
suggests that the hoped-for sequence of rebuilding that will
lead to balanced and self-sustaining growth may finally have
begun.”

Nov 28, 2014

Cheap oil may temper cheer over strong Canada third quarter GDP

OTTAWA (Reuters) – Canada’s economy grew faster than expected in the third quarter, according to data on Friday, but cheaper oil prices add to the likelihood the Bank of Canada will not consider higher interest rates anytime soon despite the recent run of strong figures.

At 2.8 percent, third quarter growth eclipsed a 2.1 percent market forecast and the Bank of Canada’s 2.3 percent estimate, following 3.6 percent in the second quarter.

Nov 28, 2014

Cheap oil may temper cheer over strong Canada Q3 GDP

OTTAWA, Nov 28 (Reuters) – Canada’s economy grew faster than
expected in the third quarter, according to data on Friday, but
cheaper oil prices add to the likelihood the Bank of Canada will
not consider higher interest rates anytime soon despite the
recent run of strong figures.

At 2.8 percent, third quarter growth eclipsed a 2.1 percent
market forecast and the Bank of Canada’s 2.3 percent estimate,
following 3.6 percent in the second quarter.

Nov 26, 2014

IMF says Canada may need to tighten mortgage rules further

OTTAWA, Nov 26 (Reuters) – Canada’s housing market is likely
to achieve a soft landing but authorities may need to tighten
mortgage rules more than they have already to make it less
vulnerable to a crash, the International Monetary Fund (IMF)
said on Wednesday.

Officials at the international agency said the Bank of
Canada can afford to keep its monetary policy accommodative
until signs emerge of a more balanced and durable recovery with
stronger business investment.

Nov 14, 2014

Canadian gunman toured Parliament weeks before attack

OTTAWA (Reuters) – The man who shot and killed a Canadian soldier in October and then stormed the country’s Parliament with a rifle before being shot down himself, had taken a tour of the building less than three weeks earlier, a parliamentary spokeswoman said on Friday.

The information suggests that Michael Zehaf-Bibeau, a Muslim convert who struggled with drug addiction, may have planned the Oct. 22 attack well in advance.

Nov 7, 2014

U.S., Canada eye option for four F-35 deliveries in 2017: sources

OTTAWA/WASHINGTON (Reuters) – Canada could take delivery of an initial four F-35 fighter jets built by Lockheed Martin Corp in 2017 under an agreement with the U.S. military, although no final decision has been made, sources familiar with the matter said on Friday.

An Oct. 27 briefing chart prepared by the Pentagon’s F-35 Joint Program Office maps out plans for the U.S. Air Force to defer four of 26 F-35A purchases in a ninth batch of low-rate production jets, which would allow Canada to take those slots, said the sources, who were not authorized to speak publicly.

Nov 7, 2014

U.S., Canada eye option for 4 F-35 deliveries in 2017-sources

OTTAWA/WASHINGTON, Nov 7 (Reuters) – Canada could take
delivery of an initial four F-35 fighter jets built by Lockheed
Martin Corp in 2017 under an agreement with the U.S.
military, although no final decision has been made, sources
familiar with the matter said on Friday.

An Oct. 27 briefing chart prepared by the Pentagon’s F-35
Joint Program Office maps out plans for the U.S. Air Force to
defer four of 26 F-35A purchases in a ninth batch of low-rate
production jets, which would allow Canada to take those slots,
said the sources, who were not authorized to speak publicly.

Nov 4, 2014

BoC – stimulus still needed despite stability risks concern

OTTAWA, Nov 4 (Reuters) – The Bank of Canada will plow ahead
with monetary stimulus despite risks from high household debt
and a hot housing market, Governor Stephen Poloz said on
Tuesday, pointing to recent weak data as a “brutal reminder” of
the economy’s fragility.

The central bank has kept its overnight rate at 1 percent
for more than four years, leading to concerns this might cause a
new crisis because of high household debt and housing prices.

Nov 4, 2014

Canada to launch yuan clearing hub, deal imminent -sources

OTTAWA/TORONTO, Nov 4 (Reuters) – Canada expects to finalize
the creation of a yuan clearing hub in the country, sources
familiar with the government’s talks with Chinese officials said
on Tuesday, with an announcement expected during Prime Minister
Stephen Harper’s trip to China later this week.

The two sides “expect to be able to finalize and announce
the currency hub,” said one source, speaking on condition of
anonymity because the matter is not yet public.

Oct 30, 2014

Canada to unveil family tax breaks ahead of election

OTTAWA, Oct 30 (Reuters) – Canada’s Conservative government
on Thursday will announce a package of tax measures, including
one that would put two-parent families with children in a lower
bracket, a government source said.

Another provision will enhance the child care benefit, which
currently provides C$1,200 ($1,071) a year per child under 6
years of age regardless of whether he or she is in day care.