Randall's Feed
Mar 12, 2015

Canada’s railways can’t dictate terms on grain backlog: Harper

By Randall Palmer

(Reuters) – Canadian Pacific Railway Ltd and Canadian National Railway Co have such huge market power that they cannot be allowed to dictate how Canada’s grain shipment backlog is cleared, Prime Minister Stephen Harper said on Thursday.

Harper said in an appearance in Saskatchewan that the grain backlog was not nearly as bad as it was a year ago in the wake of the record 2013 harvest, but he said the government was still concerned.

Mar 12, 2015

Canada’s broadcast regulator relaxes quotas for local content

OTTAWA (Reuters) – Canada’s broadcast regulator is relaxing long-standing requirements for television broadcasters to carry a certain amount of Canadian-produced content, saying some protections are no longer needed in a world of abundance and choice.

It is also making it much harder for established broadcasters to tie video-on-demand services meant to fight Netflix Inc’s online content to their other TV or Internet services, the Canadian Radio-television and Telecommunications Commission (CRTC) said on Thursday.

Mar 12, 2015

Bank of Canada economist signals Fed hike may not be matched

OTTAWA, March 12 (Reuters) – Do not count on the Bank of
Canada to match possible interest rate hikes by the U.S. Federal
Reserve, one of the Canadian central bank’s economists suggested
on Thursday.

Economist Rhys Mendes told the House of Commons finance
committee the Bank of Canada would view a Fed rate hike as a
sign the U.S. economy is strengthening, which would be good for
Canada.

Mar 11, 2015

Canada toughens oil tank car standards, wants even new ones out by 2025

OTTAWA (Reuters) – Canada proposed tough new oil tank car standards on Wednesday and said even improved tank cars coming into service now would have to be off the rails by 2025 at the latest.

The announcement comes after a rash of fiery derailments in Canada and the United States, including some that involved the newer, improved rail cars, and as more oil increasingly travels by rail due to higher output and a shortage of pipelines.

Mar 11, 2015

Canada minister: oil train rule timing may differ from U.S.

OTTAWA, March 11 (Reuters) – While the United States and
Canada are near agreement on a tougher standard for oil-by-rail
tanker cars, they may diverge on the phase-in period, Transport
Minister Lisa Raitt told Reuters on Wednesday.

She said they were close “on a tank car standard agreement,
but not necessarily on the time frame. … Time is of the
essence for us.”

Mar 10, 2015

Canada lawmakers hear Hong Kong democracy activist over China’s objections

OTTAWA (Reuters) – Veteran Hong Kong democracy campaigner Martin Lee, testifying on Tuesday at a Canadian parliamentary committee over the objections of the Chinese government, appealed to Ottawa to stand with those struggling for democracy in Hong Kong.

“I hope the Canadian government and the Canadian Parliament will speak up for us at this difficult stage,” Lee told the House of Commons foreign affairs committee.

Mar 10, 2015

Canada lawmakers hear HK democracy activist over China’s objections

OTTAWA (Reuters) – Veteran Hong Kong democracy campaigner Martin Lee, testifying on Tuesday at a Canadian parliamentary committee over the objections of the Chinese government, appealed to Ottawa to stand with those struggling for democracy in Hong Kong.

“I hope the Canadian government and the Canadian Parliament will speak up for us at this difficult stage,” Lee told the House of Commons foreign affairs committee.

Mar 6, 2015

Bank of Canada watchers lament lack of anchors in Poloz era

OTTAWA, March 6 (Reuters) – Bank of Canada Governor Stephen
Poloz has made life more challenging for financial market
forecasters, with an approach some say lacks enough guideposts
to allow them to properly model the path of future interest rate
moves.

In addition to ditching the forward guidance pioneered in
Canada by predecessor Mark Carney, now governor of the Bank of
England, Poloz has left some economists and strategists feeling
less confident about what economic indicators they should work
from and how much they will influence policy.

Mar 4, 2015

Bank of Canada, happy with impact of Jan cut, holds rates steady

OTTAWA, March 4 (Reuters) – The Bank of Canada held interest
rates steady on Wednesday, in line with signals it sent out over
the past two weeks, and voiced satisfaction with how the market
and the economy have reacted to its surprise rate cut in
January.

“The risks around the inflation profile are now more
balanced and financial stability risks are evolving as expected
in January,” the central bank said as it announced its benchmark
overnight interest rate would stay at 0.75 percent.

Feb 27, 2015

Traders say lack of Bank of Canada guidance fuels volatility

OTTAWA, Feb 27 (Reuters) – When Bank of Canada Governor
Stephen Poloz abandoned a policy of offering forward guidance on
interest rates last year, he said telling traders explicitly
what’s going to happen can boost volatility as it spurs a rush
for the exits when things change.

But traders say that so far the policy shift has in fact
increased volatility with the central bank blindsiding markets
with its surprise rate cut in January, and then catching them
off guard again this week with comments by Poloz suggesting it
will hold rates steady next month.