Randall's Feed
Sep 23, 2014

Canadian July retail sales slip from record level

OTTAWA, Sept 23 (Reuters) – Canadian retail sales slipped
unexpectedly in July, falling 0.1 percent from June’s record
level after six straight monthly increases, as strong auto sales
failed to offset weakness elsewhere, data showed on Tuesday.

This was the last major data point before gross domestic
product figures for July are released next Tuesday. Figures from
Statistics Canada have already shown strong exports and
manufacturing sales for the month but a 0.3 percent fall in
wholesale trade.

Sep 22, 2014

Canada may spread oil-by-rail insurance burden, mulls special fund

OTTAWA, Sept 22 (Reuters) – The Canadian government is
looking at extending the insurance burden for crude-by-rail
disasters beyond just railways and is weighing the idea of
special fund similar to one once set up for maritime oil spills,
a government official said.

The potential policy move comes over a year after a runaway
oil train exploded last July in Lac-M├ęgantic, Quebec, leveling
the heart of the town and killing 47 people. The cleanup and
reconstruction bill, now being covered by governments, is
expected to be at least C$400 million ($360 million).

Sep 18, 2014

Two small Russian banks taken off Canada sanctions list

OTTAWA/LONDON, Sept 18 (Reuters) – Canada, one of the
harshest critics of Russia’s involvement in Ukraine, this week
quietly cancelled sanctions against Expobank and RosEnergoBank,
two small Russian banks on which it imposed the measures earlier
this year.

The cancellations were put into effect at the same time as
new sanctions were announced by Foreign Affairs Minister John
Baird on Tuesday, including adding Russia’s Sberbank
to the list, but his news release made no mention of lifting the
measures against Expobank and RosEnergoBank.

Sep 12, 2014

Canada ratifies China deal, may help smooth relations

OTTAWA (Reuters) – Canada has finally ratified a foreign investment protection agreement with China after a two-year delay in a step that may help ease tensions between the two countries and smooth the way for a possible visit to China by Prime Minister Stephen Harper.

International Trade Minister Ed Fast announced the ratification on Friday and said the agreement, designed to give investors greater legal certainty, would come into effect on Oct. 1. It was signed in September 2012.

Sep 12, 2014

Say ‘Non’: Quebec referendum offers lessons for pro-union UK leaders

OTTAWA (Reuters) – Canadian politicians who almost saw their country torn apart by an independence referendum in 1995 say pro-union British leaders have been slow to learn lessons from that campaign but can still take steps to win the vote Scotland will hold on Sept. 18.

In a campaign with striking similarities to the Scottish vote, the predominantly French-speaking province of Quebec came within a whisker of deciding to split up Canada in the 1995 referendum, which saw support for separatism spike in the final week.

Sep 12, 2014

Canada Q2 household debt ratio back up as expected

OTTAWA, Sept 12 (Reuters) – Canada’s closely watched ratio
of household debt to income rebounded to 163.6 percent in the
second quarter from 163.1 percent in the first, following a
pattern which typically sees a second-quarter rise, Statistics
Canada indicated on Friday.

The ratio, which is not seasonally adjusted, typically
declines in the first quarter as households pay off Christmas
purchases and hold off buying homes till the spring and summer;
it therefore usually goes up in the second quarter.

Sep 11, 2014

Canada businesses to get employment insurance rebate-official

OTTAWA, Sept 11 (Reuters) – Canadian Finance Minister Joe
Oliver on Thursday will announce a rebate for small businesses
on their employment insurance premiums in an effort to boost
hiring, a government official said.

Employment insurance premiums will be frozen until 2017, at
which time they will be cut for everybody, but small businesses
will get a “very significant rebate” on the premiums they pay,
effective Jan. 1, 2015, said the official, speaking on condition
of anonymity.

Sep 5, 2014

Gloomy Canada jobs report shows economy still not at full speed

OTTAWA, Sept 5 (Reuters) – The Canadian economy unexpectedly
lost 11,000 jobs in August from July, and the number of
private-sector employees fell sharply in another sign that the
economy is still struggling to regain full speed.

Statistics Canada said on Friday that the unemployment rate
had remained at 7.0 percent. Analysts had forecast that 10,000
positions would be added after the gain of 41,700 jobs in July.

Sep 4, 2014

Exclusive: Canada seen buying fighter jets from U.S., not Europe – source

OTTAWA/WASHINGTON (Reuters) – Canada is likely to choose between two major U.S. firms when it buys a new fleet of jet fighters, excluding two European competitors, according to a source with direct knowledge of the matter.

The source, who spoke on the condition of anonymity, said Lockheed Martin Corp’s F-35 stealth fighter and Boeing Co’s F-18 E/F Super Hornet were deemed more suitable for the variety of tasks the military has laid out.

Sep 3, 2014

Bank of Canada stays neutral, frets over household debt

OTTAWA, Sept 3 (Reuters) – The Bank of Canada reiterated its
explicitly neutral stance and kept its overnight interest rate
at 1 percent on Wednesday, but highlighted new concern over the
overstretched household sector.

“Overall, the risks to the outlook for inflation remain
roughly balanced, while the risks associated with household
imbalances have not diminished,” it stated.