Randall's Feed
Oct 22, 2014

Shooting locks down Canadian parliament; one suspect reported dead

OTTAWA (Reuters) – A gunman shot and wounded a soldier in Ottawa and then entered the country’s parliament buildings chased by police, with at least 30 shots fired, according to media and eyewitness reports on Wednesday.

CBC TV said that a suspected gunman was shot dead inside the parliament building. It was not clear if he was acting alone.

Oct 22, 2014

Soldier shot; gunman enters Canadian parliament, many shots fired

OTTAWA (Reuters) – A gunman shot a soldier at the Canadian War Memorial in Ottawa and was then chased by police into the main parliament building, where at least 30 more shots were fired, according to media and eyewitness reports on Wednesday.

Parliament was locked down and Prime Minister Stephen Harper had left the building safely as police converged on the area.

Oct 22, 2014

Soldier shot near Canada’s parliament; shooter at large

OTTAWA (Reuters) – A Canadian soldier was shot at the Canadian War Memorial in Ottawa and a shooter was seen running towards the nearby parliament buildings, where more shots were fired, according to media and eyewitness reports on Wednesday.

The buildings were put on lockdown as police and tactical teams converged on the area. The wounded soldier was taken into an ambulance where medical personnel could be seen giving him cardio-pulmonary resuscitation.

Oct 22, 2014

Bank of Canada abandons neutral reference, holds rates steady

OTTAWA, Oct 22 (Reuters) – The Bank of Canada dropped any
reference to taking a neutral stance on interest rates on
Wednesday after having already signaled that it would generally
not give forward guidance on its rate moves.

The bank kept its key overnight rate at 1 percent, where it
has been for more than four years, but this had been universally
expected and markets were looking more for its overall outlook
and analysis. In September it had said it was neutral on the
timing and direction of rate changes.

Oct 17, 2014

Canadian inflation hits Bank of Canada target of 2 percent

OTTAWA, Oct 17 (Reuters) – Canadian inflation settled
exactly at the Bank of Canada’s target of 2.0 percent in
September, with the core rate staying at 2.1 percent, according
to Statistics Canada data released on Friday.

Bank of Canada Governor Stephen Poloz has said some recent
price increases were temporary and therefore should be ignored,
suggesting a lower underlying rate, but for now inflation is at
the midpoint of the target range of 1 percent to 3 percent.

Oct 12, 2014

Britain puts stake in Eurostar up for sale

WASHINGTON (Reuters) – The British government plans to sell its 40 percent stake in the fast-speed Eurostar train operator that links Britain with the European continent, finance minister George Osborne announced late on Sunday.

Osborne invited bidders to put in expressions of interest by Oct. 31, and if the bids are high enough the plan would be to finalize agreements in the first quarter of next year.

Oct 11, 2014

Bank of Canada sees labor slack, looking through some inflation

WASHINGTON, Oct 11 (Reuters) – Canadians would be working
more hours if the nation’s recovery were truly self-sustaining,
Bank of Canada Governor Stephen Poloz said on Friday, casting a
different light on the surge in employment in September.

Poloz, who will be presenting the central bank’s Monetary
Policy Report on Oct. 22, also said a lot of the price hikes
Canada has seen recently were temporary and should be ignored in
setting monetary policy.

Oct 10, 2014

U.S. and UK to test big bank collapse in joint model run

WASHINGTON (Reuters) – Regulators from the United States and the United Kingdom will get together in a war room next week to see if they can cope with any possible fall-out when the next big bank topples over, the two countries said on Friday.

Treasury Secretary Jack Lew and the UK’s Chancellor of the Exchequer, George Osborne, on Monday will run a joint exercise simulating how they would prop up a large bank with operations in both countries that has landed in trouble.

Oct 10, 2014

Bank of Israel open to rate cut, unconventional tools

WASHINGTON (Reuters) – Bank of Israel Governor Karnit Flug voiced openness on Friday to reducing interest rates further or using other unconventional policy tools to boost inflation back to the target range.

In an interview with Reuters television, she also said she was more comfortable with the exchange rate than before the Israeli currency’s recent depreciation against a broadly strengthening dollar, and was not considering putting a floor on the dollar/shekel rate at this time.

Oct 10, 2014

Top official floats Europe growth pact as recession fears gather

WASHINGTON (Reuters) – A top euro zone official proposed a new growth deal for Europe on Friday as fellow finance diplomats from around the globe sounded alarm over the continent’s faltering growth and pressed for action to ward off a recession.

The International Monetary Fund, which cut its global growth forecasts for the third time this year ahead of its fall meetings this week, said Europe’s weakness was a matter of particular concern, a sentiment echoed by many policymakers, private economists and investors.