Canada
Carney Says Bank Dropping Inflation Wording Didn't Signal Shift in Risk The Bank of Canada was not
signaling a shift in the balance of risks to its inflation
forecast posed by the economic outlook when it dropped a
reference to those risks in its March 2 interest rate
announcement, Bank of Canada Governor Mark Carney said.
TransCanada Receives Approval for Keystone XL Oil Pipeline Expansion TransCanada Corp., owner of
Canada’s largest pipeline system, received approval to expand
the Canadian portion of its Keystone pipeline to bring crude
from Alberta’s oil sands to refineries in the U.S. Gulf Coast.
Alberta to Reduce Oil, Gas Royalties in January 2011 to Boost Production Alberta, home to the largest oil
reserves outside the Middle East, said it will reduce its take
from oil and natural gas production starting next January in a
bid to spur exploration.
Canada's Parliamentary Budget Officer Page Sees Slower Deficit Reduction Canada’s budget deficit will narrow
at a slower pace than projected by Finance Minister Jim Flaherty
as growth of corporate income tax revenue lags and higher
interest rates increase the cost of servicing debt, the
country’s budget office said.
Toronto to Sell 30-Year Bonds for First Time Since 1980s: Canada Credit Toronto, Canada’s largest city,
plans to sell 30-year bonds for the first time since the 1980s
to take advantage of federal government matching funds for
infrastructure projects.
Carney Cites Importance of Central Bank Research and Rule-based Policies Bank of Canada Governor Mark Carney
stressed the importance of economic research and principle-based
policy frameworks a day after appointing a young academic as the
bank’s next deputy governor.
Canadian Oil Sands Trust, Goldcorp, TransCanada: Canadian Equity Preview Shares of the following companies
may have unusual moves in Canadian trading. Stock symbols are in
parentheses.
Kinross Agrees to Buy All Underworld Resources Shares in Stock-Cash Deal Kinross Gold Corp., Canada’s third-
largest producer of the metal, agreed to pay C$2.62 ($2.55) a
share for full control of Underworld Resources Inc. to gain
properties in the country’s Yukon Territory.
Valero Energy Plans to Build a 100,000 Barrel-a-Day Pipeline in Quebec Valero Energy Corp. plans to build
a 100,000-barrel-a-day pipeline between its refinery near Quebec
City and a fuel storage site on the island of Montreal, the
company said.
Canada January Trade Surplus Is Wider Than Expected, Q4 Capacity Use Rises Canada posted a wider-than-expected
trade surplus in January as exports rose and imports fell, while
companies’ use of their production capacity increased in the
fourth quarter.
U.S. Agency Criticized in Toyota Recall Had Funding Shortage, Dingell Says The U.S. National Highway Traffic
Safety Administration, faulted for its handling of Toyota Motor
Corp.’s vehicle defects, “suffered years of stagnation in
funding,” Representative John Dingell said today.
Quake, Aftershocks Cripple Chilean President Pinera's Plan to Spur Economy Sebastian Pinera was inaugurated as
Chile’s president today minutes after powerful earthquakes shook
buildings in Santiago and Valparaiso, stirring memories of last
month’s devastating 8.8-magnitude temblor.
Barrick Gold Seeks to Include Xstrata in Suit Over Chilean Copper Mine Barrick Gold Corp. sought to
include Xstrata Plc in a lawsuit over the control of a Chilean
gold and copper project, claiming Xstrata backed out of a deal
to sell the property to Barrick.
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