Editor in Charge, Commodities and Energy, Washington
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Feb 25, 2013

Bank of Canada’s Carney reiterates need for eventual rate hike

LONDON, Ontario, Feb 25 (Reuters) – The head of the Bank of
Canada reiterated on Monday that the next move in the country’s
interest rates is likely to be higher, even as he acknowledged
growth in the last quarter of 2012 might have been softer than
predicted.

Governor Mark Carney noted that the central bank only last
month said there’s ultimately a need for some withdrawal of
monetary policy stimulus, though the prospect was “was less
imminent.”

Feb 25, 2013

Carney-rebuilding trust in financial system needs more work

LONDON, Ontario, Feb 25 (Reuters) – Banks and regulators
need to do a lot more to rebuild the trust in the financial
system that was shattered in the recent crisis, Bank of Canada
Governor Mark Carney, head of the G20′s Financial Stability
Board, said on Monday.

The Group of 20 leading economies has made progress in
financial reforms which will go a long way, but these alone will
not be sufficient, he said in a speech to business students at
Western University in London, Ontario.

Feb 19, 2013

Ontario gov’t reaches out to opposition, backs spending restraint

TORONTO, Feb 19 (Reuters) – Ontario’s Liberal government
with its newly minted female premier pledged on Tuesday to work
with its opposition parties to bring its spending under control.

Ontario, Canada’s richest province, kicked off its new
legislative session with a traditional speech from the throne
that outlined the priorities of Premier Kathleen Wynne’s
government that could soon face a vote of confidence.

Jan 24, 2013

Canadian natives vow to battle on as chief hospitalized

Jan 24 (Reuters) – Canadian native leaders vowed on Thursday
to carry on the fight for better living conditions as a chief at
the center of a simmering aboriginal protest movement was
hospitalized after ending her six-week hunger strike.

Chief Theresa Spence, from a remote northern Ontario
reserve, ended the strike after holding negotiations with other
aboriginal leaders and opposition lawmakers in the Canadian
Parliament.

Jan 16, 2013

Canadian natives slow trade traffic in day of protest

TORONTO, Jan 15 (Reuters) – Canadian natives slowed traffic
on a bridge crucial to U.S.-Canadian trade on Wednesday as
aboriginals across the country staged a “National Day of Action”
to protest their living conditions.

Hundreds of natives, some wearing colorful dress and banging
drums, blocked an access road leading to the Ambassador Bridge,
according to the Globe and Mail, slowing traffic on a major
trade artery that connects Windsor, Ontario, with Detroit,
Michigan.

Jan 13, 2013

Canada pledges better water for aboriginals amid blockade threat

TORONTO, Jan 13 (Reuters) – Canada will spend C$330.8
million over the next two years to improve water systems on
aboriginal lands, as the Conservative government tries to deal
with growing unrest on native reservations.

The government said it will improve water systems in more
than 50 First Nation communities on reserves where residents
often complain of deplorable infrastructure and housing.

Jan 3, 2013

Ontario government imposes new contracts on teachers

TORONTO, Jan 3 (Reuters) – Ontario’s government said on
Thursday it will impose labor contracts on tens of thousands of
teachers in Canada’s most populous province as part of its
controversial push to reduce a large budget deficit.

Education Minister Laurel Broten announced contract terms
covering some 130,000 teachers that included a broad wage
freeze, a reduction in the number of sick days and limits on the
number of sick days teachers are allowed to cash out when they
retire.

Dec 19, 2012

Toronto reaches skyward, but how dark the clouds?

TORONTO (Reuters) – Barry Fenton walked to the bank of floor-to-ceiling windows in his 30th-floor uptown Toronto penthouse suite and declared, “This is the best view of the city.”

To the south, a mass of steel-and-glass skyscrapers glinted in the bright autumn sun. Several cranes were in motion on unfinished buildings, a common sight in a city in the midst of a residential building boom.

Dec 9, 2012

Canada won promises from China in backing Nexen deal – minister

TORONTO (Reuters) – Canada wrested “significant” commitments from China’s CNOCC on issues of corporate governance and transparency as part of its approval of the acquisition of a swath of Canada’s valuable oil sands reserves, Industry Minister Christian Paradis said on Sunday.

Defending the $15.1 billion takeover of Nexen, one of Canada’s largest independent oil companies, in the face of grumbles from the left, Paradis said that Canada won “significant undertakings” from CNOOC.

Oct 31, 2012

Top Canadian book prize awarded to humorist, travel writer

TORONTO, Oct 30 (Reuters) – A humorist, travel writer and
novelist who penned a fictional tale about the inner workings of
Nigerian email scams won Canada’s most prestigious and lucrative
literary prize on Tuesday.

Will Ferguson won the C$50,000 ($50,000) Scotiabank Giller
prize for his novel “419,” published by Penguin Canada.

    • About Russ

      "I'm the Editor in Charge of Commodities and Energy in Washington, which involves breaking news and producing insightful stories while covering government agencies, the White House and Congress. Previously I was the Commodities Editor for Asia, based in Singapore, where I lead a continent-wide team reporting on the rise of China and other emerging markets. Before that,I was Bureau Chief of Canada in Toronto, overseeing seven bureaus. Also with Reuters, I have worked as a political correspondent in Ottawa and a technology reporter in San Francisco."
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