Randall's Feed
Jan 7, 2014

Bank of Canada head says rates on hold until data improves

OTTAWA, Jan 7 (Reuters) – The Bank of Canada should keep its
key interest rate on hold until the data persuades it otherwise,
central bank chief Stephen Poloz said on Tuesday, adding that he
was not worried about calls from some international players to
tighten.

His comments follow controversial remarks by Canada’s
finance minister on Sunday suggesting there would be pressure to
raise interest rates in 2014.

Dec 21, 2013

Top Canada court strikes down prostitution restrictions

OTTAWA (Reuters) – Canada’s Supreme Court on Friday struck down major restrictions on prostitution, including bans on brothels and street solicitation, declaring the laws unconstitutional because they compromised the safety of sex workers.

The sweeping 9-0 decision will take effect in a year, allowing Parliament to come up with a fresh approach to regulating prostitution, and early talk focused on new legislation to target the buyers of sex rather than prostitutes.

Dec 20, 2013

Canada high court strikes down all restrictions on prostitution

OTTAWA (Reuters) – The Supreme Court of Canada struck down all current restrictions on prostitution on Friday, including bans on brothels and on street solicitation, declaring the laws were unconstitutional because they violated prostitutes’ safety.

The sweeping 9-0 decision will take effect in one year, inviting Parliament to try to come up with some other way to regulate the sex trade if it chooses to do so.

Dec 18, 2013

Day of decision for Canada’s Northern Gateway pipeline

CALGARY/OTTAWA, Dec 18 (Reuters) – Enbridge Inc
will learn on Thursday whether Canadian regulators will
recommend approval of its proposed C$6 billion ($5.7 billion)
Northern Gateway oil pipeline, a project that has raised fierce
opposition by environmentalists and aboriginals.

The joint review panel’s decision is the first major
regulatory hurdle for the project, which would carry crude from
Alberta’s oil sands to Canada’s west coast for shipping to
energy-hungry Asia. The federal government is eager to develop
new markets for Canadian energy to reduce the country’s
dependence on the United States.

Dec 18, 2013

Bank of Canada sees less volatility from Fed tapering

By Louise Egan and Randall Palmer

(Reuters) – Market volatility spurred by the U.S. Federal Reserve’s plans to scale back its massive stimulus program is far less of a concern now than it was earlier this year, Bank of Canada Governor Stephen Poloz told Reuters on Tuesday.

Investors understand the Fed’s thinking much better than they did when Chairman Ben Bernanke first mentioned the possibility of tapering the U.S. central bank’s $85 billion in monthly asset purchases on May 22, Poloz said.

Dec 13, 2013

Canada looks to require emergency response plans for oil by rail

OTTAWA, Dec 13 (Reuters) – Canada is looking at classifying
crude oil as a higher-risk dangerous good requiring emergency
response plans for shipping by rail following a train accident
that leveled the heart of a Quebec town in July, a government
official said on Friday.

The federal government’s transport department will draft
proposed regulations in February to require emergency response
assistance plans for the transportation of crude oil, said Jan
O’Driscoll, a spokesman for Transport Minister Lisa Raitt.

Dec 4, 2013

Bank of Canada holds rates, worries about weak inflation

OTTAWA, Dec 4 (Reuters) – The Bank of Canada held its
overnight interest rate steady on Wednesday, but sounded a touch
more dovish in its outlook, saying the risks of undesirably weak
inflation appeared greater than they did six weeks ago.

The change in tone knocked the Canadian dollar to
its weakest level in three years. Traders slightly increased
bets on the possibility of a rate cut in late 2014, though they
are still pricing in less than a 25 percent chance of this
happening.

Nov 26, 2013

Trudeau’s Liberals boost claim to be top contender for power in Canada

OTTAWA (Reuters) – Canada’s Liberals have strengthened their claim to be the main challenger to the governing Conservatives in the next general election after being thrust back into the political mainstream by a strong performance in four special elections.

While much can change in the two years before the October 2015 general election, Monday’s results have given new momentum to the Liberals, led by Justin Trudeau, son of former Prime Minister Pierre Trudeau.

Nov 26, 2013

Canadian PM’s party barely holds “safe” seat after strong Liberal challenge

OTTAWA, Nov 25 (Reuters) – Canadian Prime Minister Stephen
Harper’s ruling Conservatives only narrowly held onto what had
been viewed as a safe seat in a district election on Monday
after a scandal over Senate expenses hit his party’s support.

The Conservatives’ slim margin of victory also underlined
the resurgence of the Liberal Party under Justin Trudeau, the
41-year-old son of the flamboyant late prime minister Pierre
Elliott Trudeau, who took over the party leadership in April.

Nov 22, 2013

Canada’s top court upholds Ontario ban on private-label drugs

OTTAWA, Nov 22 (Reuters) – The Supreme Court of Canada dealt
a blow to pharmacy chains on Friday when it upheld the province
of Ontario’s ban on drugstores’ sales of their own private-label
generic prescription drugs.

Pharmacy companies saw the private-label drugs as a way to
reduce the impact of Ontario regulations designed to lower the
cost of generic drugs. A lower court ruled that the store brand
drugs circumvent bans on professional allowances and rebates.