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Canada News

Canada pension plans hit by falling markets( 2009-04-19 15:20)
TORONTO (Reuters) – Private pension plans in Canada were hurt last year as falling stock markets drove asset levels below the plans' liabilities, Canada's financial regulator said on Thursday. The average solvency ratio of the 400 defined benefit pe...
Canada TV biz balks at U.S. spending clampdown(By Etan Vlessing Etan Vlessing 2009-03-04 19:00)
TORONTO (Hollywood Reporter) – Canadian broadcasters are criticizing a proposal by the country's TV regulator to curb their U.S. programing expenditures in a bid to promote homegrown production. The Canadian Radio-television Telecommunications Commi...
Scotia, BMO post profits; bad loan provisions up(By Jeffrey Hodgson Jeffrey Hodgson 2009-03-04 18:59)
TORONTO (Reuters) – Two of Canada's largest banks pushed through the global financial crisis to report profits on Tuesday, but also disclosed higher provisions for bad loans that point to tougher quarters ahead. Bank of Nova Scotia and Bank of Montr...
Canada housing market droops, more pressure seen(By Ka Yan Ng Ka Yan Ng 2009-02-10 10:38)
TORONTO (Reuters) – Canadian housing starts fell more than expected in January and the downtrend in sales of existing homes will became sharper, reports said on Monday as the country's economic gloom deepened. House starts dropped 11 percent in Janu...
Canada's ruling Conservatives' poll lead narrows( 2009-02-09 09:20)
TORONTO (Reuters) – Canada's ruling Conservatives have seen their lead over the opposition Liberals slip after the release of the federal budget, according to a new poll released on Saturday. The Ipsos-Reid survey for the CanWest media conglomerate...
Accused Chinese smuggler granted Canada work permit( 2009-02-07 00:58)
OTTAWA (Reuters) – Canada had little choice but to grant a work permit to Lai Changxing as he fights extradition to China, where he is one of country's most wanted fugitives, Immigration Minister Jason Kenney said on Thursday. Permission for the acc...
Ontario plans to invest in "smart" power grid( 2009-02-07 00:58)
VANCOUVER, British Columbia (Reuters) – Ontario will invest in rebuilding the province's electricity distribution system into a "smart" grid to better utilize renewable energy, Premier Dalton McGuinty said on Thursday. Ontario's current gr...
Canada welcomes Obama's comments on protectionism( 2009-02-06 22:36)
OTTAWA (Reuters) – Canada cautiously welcomed on Wednesday U.S. President Barack Obama's comments decrying protectionism, but said it would still work closely with Washington to address "Buy American" provisions in stimulus legislation bef...
Job losses seen matching 1991-92 levels(By Louise Egan Louise Egan 2009-02-06 22:36)
OTTAWA (Reuters) – The carnage in Canada's labor market persisted in January as the recession forced layoffs across a wide array of industries, analysts say, predicting the worst multi-month string of job losses since the early 1990s. Employers are...
Canadian companies fret over "Buy American" clause(By John McCrank John Mccrank 2009-02-05 21:30)
TORONTO (Reuters) – The bulk of the raw steel that Walter Koppelaar buys comes from mills in the United States. His Canadian company fabricates it into bridge or building parts that are often shipped back to the U.S. market. But a "Buy American...
Afghan blast kills Canadian soldier( 2009-02-01 04:17)
OTTAWA (Reuters) – A Canadian soldier was killed on Saturday when his armored vehicle hit an explosive device on a road west of Kandahar in southern Afghanistan, Canada's defense department said. The soldier, Sapper Sean Greenfield, was the 108th me...
Canadian bishop slams oil sands development(By Scott Haggett Scott Haggett 2009-01-29 00:11)
CALGARY, Alberta (Reuters) – The rapid-fire development of Canada's oil sands region has garnered a new critic -- the Catholic bishop whose diocese extends over the world's second-largest oil reserves . Luc Bouchard, bishop of the diocese of St. Pau...
Liberals gain support under new leader: poll( 2009-01-21 16:39)
TORONTO (Reuters) – The Liberal Party, the largest opposition party in Canada's parliament, has gained popular support under its new leader, Michael Ignatieff, according to a poll released by the Globe and Mail newspaper on Wednesday. The Ekos/Globe...
Liberals say ready to vote against budget(By David Ljunggren David Ljunggren 2009-01-20 06:32)
OTTAWA (Reuters) – The Liberals will vote against the minority Conservative government's budget if they consider it incapable of tackling the financial crisis, party leader Michael Ignatieff said on Sunday. The government is set to unveil a budget o...
Canada's recession to last until Q3 2009: report( 2009-01-14 17:48)
OTTAWA (Reuters) – Canada's economy will stay in a recession for three quarters and contract 0.5 percent annually in 2009 with the jobless rate peaking at 8.1 percent, the Conference Board of Canada forecast in a report on Wednesday. Canadian export...
Fedreal government pledges to help Nortel(By Randall Palmer Randall Palmer 2009-01-14 17:48)
OTTAWA (Reuters) – The federal government pledged on Wednesday to help Nortel Networks Corp, North America's biggest telephone equipment maker and major source of Canadian R&D spending, as it seeks to emerge from bankruptcy protection. "The gov...
Liberals bounce back with new leader( 2009-01-10 14:23)
OTTAWA (Reuters) – New leadership has helped Canada's opposition Liberals recover the public support they had lost following threats to topple the minority Conservative government, a poll released on Friday showed. Leader Michael Ignatieff has dista...
Canada to see "pretty terrible" start to '09: panel( 2009-01-07 14:47)
TORONTO (Reuters) – The Canadian economy is in for a rough ride through the first half of the year and will see little or no growth in 2009 as the recession takes hold, top economists from Canada's largest banks said on Wednesday. The economy will a...
Rogers stock drops after analyst's downgrade( 2009-01-07 14:47)
TORONTO (Reuters) – Shares of Rogers Communications Inc fell more than 3 percent on Wednesday after an analyst downgraded the stock following the release of weaker-than-expected cable-TV subscriber results. David Lambert, an analyst at Canaccord Ada...
Crime writer Mofina juggles work and murders(By Belinda Goldsmith Belinda Goldsmith 2009-01-07 14:47)
SYDNEY (Reuters) – By day Rick Mofina is a Canadian civil servant, commuting to work by bus, but by night and at weekends he travels through the worlds of espionage and murder as an award-winning thriller writer. Mofina said his latest book, "S...
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