Randall's Feed
Apr 16, 2015

India signals won’t intervene for now in foreign tax row

WASHINGTON (Reuters) – Foreign investors should not look to the Indian government for now to provide relief from a ruling requiring them to pay taxes on years of previously untaxed capital gains, Indian Finance Minister Arun Jaitley said on Thursday.

U.S. and European investor groups are upset with the Minimum Alternate Taxation (MAT) measure, which would apply levies for past years at a higher rate than they had been subject to in the past. Tax experts say the foreigners may owe $8 billion.

Apr 16, 2015

IMF’s Lagarde says Greece should not delay payments

WASHINGTON, April 16 (Reuters) – The head of the
International Monetary Fund on Thursday signaled she would not
grant a payment delay to Greece, as it had never been done for
an advanced economy and the Fund should protect its safe
reputation.

IMF Managing Director Christine Lagarde said a Greek delay
on its repayments to the Fund would not be recommended in the
current situation.

Apr 15, 2015

Bank of Canada holds rates, sees rebound after oil shock

OTTAWA (Reuters) – The Bank of Canada held its benchmark interest rate steady on Wednesday, saying the economy will pick up as non-energy exports and labor markets strengthen even though the oil price crash probably cut economic growth to zero in the first quarter.

A considerable easing in financial conditions largely due to the bank’s surprise interest rate cut in January, together with improving U.S. demand, will bolster the transition of Canada’s oil-heavy economy to non-energy exports, investment and a stronger jobs market, the bank said.

Apr 14, 2015

Canada actively considering joining China-led Asia bank

OTTAWA (Reuters) – Canada broke its silence on Tuesday over whether it would take part in the China-led Asian Infrastructure Investment Bank, signaling it was actively considering joining the institution despite U.S. and Japanese reservations.

A senior Canadian finance official revealed the stance to reporters ahead of meetings in Washington of the Group of 20 (G20) leading economies, saying Ottawa welcomed the idea of a new Asian infrastructure investment bank.

Mar 25, 2015

Canada transport minister says spate of CN Rail accidents no fluke

OTTAWA, March 25 (Reuters) – Three Canadian National Railway
Co derailments in the same area in three weeks, two of
them involving oil trains, cannot be explained away as a fluke
of nature, Canada’s transport minister said Wednesday, adding
she is satisfied for now with steps CN has taken to prevent
another accident.

CN Rail oil trains came off the tracks and caught fire near
the small northern Ontario town of Gogama on both Feb. 14 and
March 7. A third train hauling empty cars derailed in the same
area on March 5.

Mar 25, 2015

Canada says won’t tell railways where to ship grain for now

OTTAWA, March 25 (Reuters) – The Canadian government will
not, for now, start telling railways where to ship farmers’
grain but it will decide within days whether to extend its
requirements on how much grain they must haul, Transport
Minister Lisa Raitt said on Wednesday.

In an interview in her parliamentary office, Raitt said
farmers and shippers have questioned whether the government’s
grain-shipment minimums are still required and whether Ottawa
should tell the country’s two dominant railways, Canadian
National Railway Co and Canadian Pacific Railway Ltd
, on which corridors grain should be shipped.

Mar 25, 2015

Canada transport minister: CN accidents can’t be fluke of nature

OTTAWA, March 25 (Reuters) – Three Canadian National Railway
Co derailments in the same area in three weeks are a
significant problem and cannot be explained away as a fluke of
nature, Canadian Transport Minister Lisa Raitt said in an
interview on Wednesday.

CN Rail oil trains came off the tracks and caught fire near
the small northern Ontario town of Gogama on both Feb. 14 and
March 7. A third train hauling empty cars derailed in the same
area on March 5.

Mar 17, 2015

Canadian Conservative MP apologizes over anti-niqab comments

OTTAWA (Reuters) – A legislator with Canada’s governing Conservatives apologized on Tuesday for saying Muslim women who do not want to remove their face-coverings when taking the citizenship oath should “stay the hell where (they) came from.”It was the second embarrassing backtrack this month by the ruling Conservatives as they gear up for an October election that they have signaled they will center around the economy and the fight against what they call “jihadist terrorism.”

The incident occurred on Monday when Conservative Member of Parliament Larry Miller spoke out against a woman who is fighting in court for the right to wear her niqab, at her citizenship ceremony.

Mar 14, 2015
via FaithWorld

Canada PM’s anti-Islam talk is a Putin-like tactic, says opposition leader

Photo

(Canada’s Prime Minister Stephen Harper speaks in Toronto, March 4, 2015. REUTERS/Mark Blinch)

A Canadian opposition leader on Friday compared Prime Minister Stephen Harper’s handling of Islam to Russian President Vladimir Putin’s crackdown on gays, ratcheting up political rhetoric over the religion as Harper’s ruling Conservatives seek re-election in October.

Mar 13, 2015

Canada PM’s anti-Islam talk is a Putin-like tactic: opposition

OTTAWA (Reuters) – A Canadian opposition leader on Friday compared Prime Minister Stephen Harper’s handling of Islam to Russian President Vladimir Putin’s crackdown on gays, ratcheting up political rhetoric over the religion as Harper’s ruling Conservatives seek re-election in October.

Harper said this week that the niqab, a face-covering veil worn by some Muslims, was “rooted in an anti-women culture” as he defended the government’s desire to ban women from wearing a niqab during the oath of citizenship.