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Yahoo! News Canada - Canada Headlines

Thursday, October 31, 2013

Yahoo! News Canada - Canada Headlines


Toronto in turmoil, but no way to oust mayor

Posted: 31 Oct 2013 02:11 PM PDT

Mayor Rob Ford talks to media at City Hall in Toronto on Thursday, Oct. 31, 2013. THE CANADIAN PRESS/Frank GunnTORONTO - The country's largest city descended into embarrassing new political turmoil Thursday with police essentially confirming the existence of an alleged video appearing to show Mayor Rob Ford smoking crack cocaine. The surprise announcement by Chief Bill Blair, which followed the morning arrest of Ford's friend on extortion charges related to the alleged video, prompted immediate calls for the mayor to resign.


Senate scandal: Let’s change the Red Chamber

Posted: 31 Oct 2013 01:00 PM PDT

Senate accountability questionsThe Senate expense scandal continues to resonate across the country. For some, Senators Duffy, Wallin and Brazeau represent scapegoats for a lifestyle of entitlement and abuse practiced for decades in the unloved upper house. For others, they represent a national … Continue reading →


New environmental review offers critical view of Taseko mine proposal

Posted: 31 Oct 2013 10:41 PM PDT

VANCOUVER - A new environmental study into Taseko Mines Ltd. billion-dollar New Prosperity mine proposal in British Columbia is offering a critical assessment of the project. The Canadian Environmental Assessment Agency report released Thursday details what it deems ''several significant adverse environmental effects'' related to the project. Taseko then submitted a new plan it said would save Fish Lake, but area aboriginal bands remain opposed because they say the lake will still end up contaminated. In its report, the agency said Taseko has underestimated the volume of water that would leave a tailings storage facility and the impact on water quality within the Fish Lake and Upper Fish Creek system.

Bike helmet laws across Canada

Posted: 31 Oct 2013 09:05 PM PDT

Laws regarding the use of bicycle helmets vary throughout the country. Here are the rules in each province and territory:

Ottawa booting wounded vets before they qualify for pensions

Posted: 31 Oct 2013 02:05 PM PDT

Canadian Cpl. David Hawkins poses with children in Afghanistan in a 2008 handout photo. Gravely injured troops who want to remain uniform are being booted from the military before they qualify for their pensions, despite assurances to the contrary from the Harper government. THE CANADIAN PRESS/HO-Cpl.David HawkinsThe Conservative government, so obsessed with micromanaging its message, is having a public relations meltdown. The Senate-expenses scandal keeps oozing political poison like a cracked bitumen pipeline, defying attempts to patch it up. And now Canadians yet again get to … Continue reading →


Trains kills man, woman in Alberta as one tried to help the other

Posted: 31 Oct 2013 07:54 PM PDT

Un train de CP tue deux piétonsWETASKIWIN, Alta. - An elderly man and woman are dead after one tried to save the other from the path of a freight train at a crossing in a community south of Edmonton. RCMP say the man, who was in his 80s, tripped and fell on the tracks at a major railway crossing in downtown Wetaskiwin. Scott Tod said the woman, who was in her 70s, was pushing an empty wheelchair ahead of him. Carla Werner manages a paint store near the crossing.


Toronto Mayor Rob Ford scandal spreads globally, condemned locally

Posted: 31 Oct 2013 02:09 PM PDT

Des élus d'Ottawa réagissent aux nouvelles révélations au sujet du maire de TorontoThe BBC reported on it, so did Time Magazine. And you know Gawker wasn't going to ignore this most recent chapter in the slow, uncomfortable fall of Mayor Rob Ford. Continue reading →


Contested judge already has office at court, despite challenge

Posted: 31 Oct 2013 03:48 PM PDT

Justice Marc Nadon, on October 2, 2013 in Ottawa. THE CANADIAN PRESS/Adrian WyldOTTAWA - The Supreme Court of Canada's newest nominee already has an office amongst his colleagues despite the fact that his appointment is being contested in court. Two sources tell The Canadian Press that Marc Nadon has an office at the Supreme Court building in Ottawa, even as his new office neighbours are preparing to judge his case. The appointment also faces a legal challenge from a Toronto lawyer who argues that the Ottawa-dwelling Federal Court judge does not meet the residency requirements, and the Quebec government has also contested the appointment. The challenge, which is unusual in the naming of a Canadian Supreme Court justice, has already sidelined Nadon from hearing cases and left the high court short one judge.


Mayor Ford has 'no reason to resign' after police confirm video

Posted: 31 Oct 2013 07:45 AM PDT

Toronto Mayor Rob Ford walks to respond to the Toronto police investigation in TorontoToronto Mayor Rob Ford says he has "no reason to resign" after Police Chief Bill Blair confirmed investigators have recovered a video of the mayor that has been widely reported in the press and charged Ford's personal friend Alexander Lisi with extortion. … Continue reading →


Vancouver woman stabbed to death in suspected robbery in Belize

Posted: 31 Oct 2013 04:05 PM PDT

VANCOUVER - Police in the Central American country of Belize are investigating the bloody stabbing death of a Vancouver woman. Officers were called to the ocean-front community of Consejo Shores on Tuesday night after neighbours reported a woman screaming. Assistant Supt. Daniel Arzu of the Corozal Police Department said police had to use a ladder to access the two story home because the home was locked up tight. "Upon the police entering the building they saw this Caucasian lady lying face down on the floor in the living room in what appeared to be a pool of blood, with several multiple stab wounds to her neck and body," Arzu said in a telephone interview Thursday.

Alleged human trafficking victim made up story to stay in Canada: defence

Posted: 31 Oct 2013 02:59 PM PDT

Mumtaz Ladha is pictured in Vancouver, on September 4, 2013. THE CANADIAN PRESS/Darryl DyckVANCOUVER - A young woman whose life in her native Tanzania was marked by poverty and hardship was so desperate to stay in Canada that she fabricated allegations she was tricked into leaving her home and forced into domestic servitude, a defence lawyer told a human trafficking trial Thursday. Mumtaz Ladha, 60, is accused of illegally bringing the woman, who can't be named, to Canada in August 2008. The Crown alleges Ladha forced the woman to work long hours as an unpaid housekeeper in her home in West Vancouver. Defence lawyer Eric Gottardi said Ladha brought the woman to Canada for what was supposed to be a brief visit as a travel companion and to help in case Ladha fell ill.


Tory MP calls Ford a 'great mayor,' opposition members beg to differ

Posted: 31 Oct 2013 06:36 PM PDT

Conservative MP Parm Gill for Brampton Springdale responds to a question during Question Period in the House of Commons Thursday October 31, 2013 in Ottawa. THE CANADIAN PRESS/Adrian Wyld"Rob Ford is a great mayor," said Gill, parliamentary secretary to Veterans Affairs Minister Julian Fantino, as reporters and cameras briefly trailed him through the Commons corridors. I think he's doing a wonderful job, and I know the people of Toronto are very happy with the way he's running the city and look forward to working with him." Fantino, a former Toronto police chief, was keeping his distance from the Ford saga. It's a matter that's before the courts, there's issues there, that I don't know anything about, I never made it my business to inform myself, so I have no way of infusing myself into this," said Fantino, who had left the Toronto police service before Ford became mayor.


Senate scandal: Reforming the upper house an unlikely proposition

Posted: 31 Oct 2013 01:00 PM PDT

Sen. Mike Duffy arrives at the Senate on Parliament Hill in Ottawa on Tuesday, Oct. 22, 2013. NDP Leader Tom Mulcair says Sen.Duffy has directly implicated the prime minister in the Senate expense scandal.THE CANADIAN PRESS/Sean KilpatrickThe ongoing imbroglio over the Canadian Senate has more facets than a kaleidoscope. With every twist a new pattern appears to emerge — only to disappear into dissonance with the next turn of events. One hesitates to put a (premature) … Continue reading →


Video: Rob Ford breaks silence

Posted: 31 Oct 2013 11:49 AM PDT

Video: Rob Ford breaks silenceToronto mayor says he won't comment on video, won't resign


CSIS info sharing concerns spy watchdog

Posted: 31 Oct 2013 03:21 PM PDT

The Peace Tower is framed in an archway on the East Block of Parliament Buildings on Parliament Hil in Ottawa, Thursday September 10, 2009. The Harper government has called an unusual closed-door meeting to discuss the need to shine a greater public light of the expenses of MPs and senators.THE CANADIAN PRESS/Adrian WyldOTTAWA - Sensitive information gathered by the Canadian Security Intelligence Service could be abused by Canada's allies due to lax sharing policies, says a federal review agency. In its annual report, the watchdog that keeps an eye on CSIS flags concerns about what happens to intelligence the spy service passes to the national eavesdropping agency, which in turn shares the details with foreign allies. The report underscores the fact CSIS is collaborating ever more closely with Communications Security Establishment Canada, which has come under scrutiny lately due to its participation in the international Five Eyes alliance. In its report, presented to Parliament on Thursday, the Security Intelligence Review Committee recommends CSIS develop "clearer and more robust" principles of co-operation with CSEC to ensure appropriate information sharing.


B.C. issues Canada-wide warrant for high risk sex offender

Posted: 31 Oct 2013 08:23 AM PDT

Police tape blocks off 135A Street near 106 Avenue late Saturday morning. Just after midnight, a man was killed in what police at first deemed a hit and run, and later deemed a possible homicide.VANCOUVER - A Canada-wide warrant has been issued after the disappearance of a man considered by Vancouver police to be a high risk sex offender. Brian Montague says 41-year-old Dale Alexander failed to return to his halfway house in Vancouver as required under the conditions of his long term supervision order. Montague says Alexander has a lengthy and violent criminal history and officers believe he poses a high risk to reoffend sexually.


Alberta couple sentenced for abusing mentally handicapped relative

Posted: 31 Oct 2013 04:12 PM PDT

Sue Thomas (left), Heather O'Bray, and Suzanne Jackett cared for Betty Anne Gagnon when she lived in Calgary.It was just one of the wretched enclosures police found on a rural Alberta property where 48-year-old Betty Anne Gagnon had been kept before she died in 2009. Gagnon's younger sister, Denise Scriven 47, and brother-in-law, Michael Scriven, 33, must serve 20 months each. Justice Sterling Sanderman said the couple failed to give Gagnon proper housing, hygiene, medical care and nutrition. The judge added that some of the cages Gagnon was forced to live in "did not meet the standards some pet owners demand for their dogs."


Halloween surprise: Arrest at airport over pumpkins stuffed with cocaine

Posted: 31 Oct 2013 10:10 AM PDT

Pumpkins seized by Canada Border Services Agency are shown in a handout photo. Border officials have stumbled upon a different kind of Halloween surprise inside some pumpkins this year.The pumpkins were in a passenger's luggage at the Montreal airport. And they were stuffed with approximately two kilograms of what is believed to be cocaine. THE CANADIAN PRESS/HO-Canada Border Services AgencyMONTREAL - Border officials have stumbled upon a different kind of Halloween surprise inside some pumpkins this year. The pumpkins were in a passenger's luggage at the Montreal airport. The Canada Border Services Agency says a woman was arrested today with three pumpkins in her luggage at Montreal's Trudeau International Airport. Scanning equipment had detected masses inside the pumpkins.


Police have video of Toronto mayor, won't detail contents

Posted: 31 Oct 2013 02:12 PM PDT

Toronto Mayor Rob Ford walks to respond to the Toronto police investigation in TorontoBy Cameron French TORONTO (Reuters) - Police said Thursday they have obtained a video "consistent" with media accounts that it shows Toronto Mayor Rob Ford smoking crack cocaine, but they would not confirm the contents of the video. Ford, who has denied he smokes crack, said he could not comment on the matter because the video is evidence in a separate case before the courts. In the first official link between Ford and a high-profile Toronto drugs investigation, Toronto Police Chief Bill Blair on Thursday identified the mayor as a subject in a video recovered during the probe. "I can tell you that the digital video file that we have recovered depicts images which are consistent with those that had previously been reported in the press," Blair said.


Canada economy grows 0.3 percent in August, outlook modest

Posted: 31 Oct 2013 07:27 AM PDT

People walk by a Loblaw Companies Limited grocery store with a Joe Fresh clothing store inside, in TorontoBy Louise Egan OTTAWA (Reuters) - Canada's thriving oil and gas industry helped the economy grow by 0.3 percent in August from July, confirming modest growth that is expected to keep the Bank of Canada's key interest rate on hold for more than a year. The monthly gross domestic product data, released by Statistics Canada on Thursday, showed the economy continues to bounce back from a downturn in June caused by severe flooding in the nation's oil capital Calgary and a strike by construction workers in Quebec. The economy contracted 0.5 percent in June and then unexpectedly surged by 0.6 percent in July. Despite evidence the economy is regaining some lost momentum, Mazen Issa, macro strategist at TD Securities in Toronto, said the outlook remains pretty tame.


Yahoo! News Canada - Canada Headlines

Wednesday, October 30, 2013

Yahoo! News Canada - Canada Headlines


Unprecedented police presence at UBC after series of sexual assaults

Posted: 30 Oct 2013 10:18 PM PDT

University of British Columbia President Stephen Toope comments on the recent sex assaults on the campus, in Vancouver, B.C., on Wednesday October 30, 2013. The RCMP believe one suspect is responsible for six sex assaults that occurred on campus since April. THE CANADIAN PRESS/Darryl DyckRCMP say there have been six attacks on women at UBC's Vancouver campus since April, with the latest incident occurring on Sunday. UBC President Stephen Toope stressed on Wednesday that the current situation on campus is "extremely unusual," and that the school now has a higher police and security presence than ever.


Canadian tightrope walker Jay Cochrane dies of cancer at age 69

Posted: 30 Oct 2013 11:03 PM PDT

TORONTO - Celebrated Canadian tightrope walker Jay Cochrane died Wednesday in Niagara Falls, Ont., at the age of 69. A tribute on Cochrane's website to the man dubbed ''The Prince of the Air'' says he died from pancreatic cancer. The tribute, written by friend Shane Peacock, says Cochrane became enamoured by tightrope walking at the age of eight and ran away from home at 14 to begin his long career. Two years later, Cochrane set a world record when he walked back and forth for four kilometres on a 91-metre long wire 36 metres above ground at the Canadian National Exhibition, also in Toronto.

UBC 'Take Back the Night' march draws hundreds

Posted: 30 Oct 2013 10:32 PM PDT

More than 200 people marched in a Take Back the Night rally on UBC Vancouver campus on Wednesday in a show of solidarity following a string of six sexual assaults.More than 200 people marched in a Take Back the Night rally at UBC Wednesday night in a show of solidarity following six recent sexual assaults on the Vancouver campus.


Senate scandal to haunt federal Tories as convention gets underway

Posted: 30 Oct 2013 03:42 PM PDT

Sen. Patrick Brazeau, (left to right) Sen. Pamela Wallin and Sen. Mike Duffy are shown in file photos. THE CANADIAN PRESS/Adrian WyldOTTAWA - Supporters are expected to treat Stephen Harper to a Halloween boost at this weekend's party convention in Calgary, but angst is growing among caucus members and veteran Conservatives over the handling of the Senate scandal. Several senior Tory sources told The Canadian Press that they are upset with how the Prime Minister's Office is managing the controversy over the party's arrangements to pay Sen. Mike Duffy's contested expenses and legal bills. Go-to ministers such as John Baird, James Moore, Peter MacKay, Jason Kenney and Pierre Poilievre have pointedly stayed away from the Senate fray during question period, leaving Harper and parliamentary secretary Paul Calandra to fend off the opposition. "We're surprised there weren't more details provided — this was not what we were told," said one Conservative, speaking on condition of anonymity because they weren't authorized to discuss the matter publicly.


Tories take new tack in bid to end toxic debate on Senate suspensions

Posted: 30 Oct 2013 04:38 PM PDT

The Peace Tower is reflected in the window as Sen.Patrick Brazeau gets into his car after attending a session in the Senate, Wednesday October 30, 2013 in Ottawa. THE CANADIAN PRESS/Adrian WyldOTTAWA - The government is taking a new tack that could finally end the politically toxic debate over three disgraced Conservative senators — just in time for Prime Minister Stephen Harper's crucial speech to party faithful on Friday. The procedural manoeuvre may also have the added political benefit of papering over the rift that's erupted in Conservative ranks over the proposed suspensions of the trio, making it harder for Tory senators to vote against the government. It was unveiled Wednesday, moments after Senate Speaker Noel Kinsella ruled out of order the government's attempt to limit debate on three separate motions to suspend, without pay, senators Mike Duffy, Pamela Wallin and Patrick Brazeau. The motions had been introduced two weeks ago by government Senate leader Claude Carignan as non-government business and have been preoccupying the upper house ever since.


Hesjedal says he 'chose wrong path' amid allegations of doping involvement

Posted: 30 Oct 2013 06:54 PM PDT

Canadian wins GiroTORONTO - Star Canadian cyclist Ryder Hesjedal responded to doping allegations Wednesday, saying he "chose the wrong path" and made "mistakes." Excerpts from a new book by former Danish rider Michael Rasmussen say Hesjedal was shown how to use performance-enhancing drugs at the start of his career. "And even though those mistakes happened more than 10 years ago, and they were short-lived, it does not change the fact that I made them and I have lived with that and been sorry for it ever since," Hesjedal said in the statement. The 32-year-old Victoria native and Giro d'Italia champion did not explicitly say he took performance-enhancing drugs, but he apologized to fans, sponsors and other cyclists.


Canadians rank Senate scandal more “serious” than Liberal sponsorship scandal: poll

Posted: 30 Oct 2013 02:45 PM PDT

Canadian Prime Minister Stephen Harper responds to a question during Question Period in the House of Commons Tuesday October 29, 2013 in Ottawa. THE CANADIAN PRESS/Adrian WyldA new survey about the Senate expense scandal should be ringing alarm bells within Conservative party circles. The Ekos Research poll — published in iPolitics — suggests that Canadians believe that the Senate expense scandal is "more serious" than the Liberal Party sponsorship scandal of the early 2000s.


Harper has created 'web of suspicion' : Liberal MP

Posted: 30 Oct 2013 01:30 PM PDT

Harper has created 'web of suspicion' : Liberal MPLiberal MP Ralph Goodale says Prime Minister Stephen Harper has not answered a single question about the Senate scandal substantively, since revelations about Senator Mike Duffy's housing expenses emerged.


Alessandro Lisi drug investigation documents could shed light on relationship with Rob Ford

Posted: 30 Oct 2013 03:03 PM PDT

Toronto Mayor Rob Ford, left, has described his friend and occasional driver Alessandro (Sandro) Lisi as a "good guy."Reporters in Toronto will be waiting intently on Thursday when a document detailing a drug investigation against Alessandro Lisi, the personal friend and occasional driver of Toronto Mayor Rob Ford, could be released to the public. The Canadian Press reports … Continue reading →


Canadian 2014 Olympic uniforms unveiled

Posted: 30 Oct 2013 11:08 AM PDT

Canadians are getting their first look today at the uniforms the country's Olympians and Paralympians will wear at the 2014 Sochi Winter Games.

Calgary school ends honour roll program because of hurt feelings

Posted: 30 Oct 2013 07:19 AM PDT

St. Basil Elementary and Junior High SchoolA Calgary school has ended its honour roll program so as not to hurt the feelings of those who don't make the cut and, it's official, success has become one of society's dirtiest words. According to an article in the … Continue reading →


Journalist at centre of John Furlong libel case fires back

Posted: 30 Oct 2013 06:31 PM PDT

VANCOUVER - The freelance journalist who first wrote about abuse allegations involving former Vancouver Olympic CEO John Furlong insists it is her, not Furlong, whose reputation has been unfairly damaged, and she says she's eager to defend herself in court. Laura Robinson wrote an article in the Georgia Straight newspaper last year that alleged Furlong verbally and physically abused students while he was a teacher in northern B.C. in the late 1960s and early 1970s. Since the story, three people who claim to be former students, including at least one who appeared in Robinson's original article, filed lawsuits containing explosive allegations of physical and sexual abuse.

Video of attack on Winnipeg bus driver underlines public transit concerns

Posted: 30 Oct 2013 09:19 AM PDT

Image of a suspect in a Winnipeg transit assaultPolice in Winnipeg have released video of a bus driver being attacked by a passenger in what can only be described as a violent and infuriating unprovoked attack on an unsuspecting public employee. Police say the 50-year-old driver was attacked … Continue reading →


Harper points to Mulcair's legal fees paid by party

Posted: 30 Oct 2013 01:58 PM PDT

Harper responds to Duffy allegationsAfter days of being on the defensive over an alleged coverup to repay Mike Duffy's ineligible expense claims, Prime Minister Stephen Harper found something to pin on the leader of the Opposition during question period on Wednesday.


Ontario to introduce 'green bonds' to help fund public transit expansion

Posted: 30 Oct 2013 02:43 PM PDT

Ontario Premier Kathleen Wynne speaks at a news conference in Toronto on Monday October 21, 2013, as she announces Ontario's new 'Open Government initiative' which aims to bring a more open and transparent government. THE CANADIAN PRESS/Chris YoungTORONTO - Ontario will be the first in Canada to issue so-called green bonds next year to generate the billions of dollars that's needed to expand public transit, Premier Kathleen Wynne said Wednesday. "Green bonds are a great tool to raise capital for a project with specific environmental benefits," she said. "The worldwide market for green bonds in the last year has doubled, and it's now estimated to be more than $346 billion — those are U.S. dollars." It's the first measure Wynne has promised to help generate the billions of dollars needed to expand public transit in the heavily congested Toronto and Hamilton area.


Donnie Snook sex charges in N.L. being transferred to N.B.

Posted: 30 Oct 2013 03:14 PM PDT

Donnie Snook plans to plead guilty to the four charges from N.L., his lawyer has said.Four sex-related charges against former Saint John councillor and youth ministry leader Donnie Snook in his native Newfoundland and Labrador will be transferred to a New Brunswick court.


Retired nurse, now patient, concerned about 'filthy' Saskatoon hospital

Posted: 30 Oct 2013 06:59 PM PDT

Suzanne Stewart was admitted to Royal University Hospital in Saskatoon for major surgery last year and she says there was excrement on her bathroom wall that was never cleaned. She worked in hospitals and long-term care facilities in Regina, Saskatoon, Swift Current, Prince Albert, Meadow Lake and Yorkton. But she says what she saw in Saskatoon blew her mind. Health Minister Dustin Duncan says the province responded to her first letter and he wants to follow up further.

Study suggests that warming climate is good for Alberta’s grizzly bears

Posted: 30 Oct 2013 03:45 PM PDT

A grizzly bear is pictured in Tweedsmuir Provincial Park near Bella Coola, B.C. on Sept 10, 2010. THE CANADIAN PRESS/files, Jonathan HaywardIn a 10-year study of grizzly bears living in and around the Rocky Mountains of Alberta, researchers have identified a 'silver spoon effect,' where bears born in more favourable conditions end up doing better, and the study's findings suggest warming temperatures due to climate change are part of this effect.


Tories on defensive over soldiers let go before qualifying for pensions

Posted: 30 Oct 2013 03:30 PM PDT

Defence Minister Rob Nicholson answers a question during Question Period in the House of Commons on Parliament Hill in Ottawa, Wednesday Oct.30, 2013. THE CANADIAN PRESS/Sean KilpatrickDefence Minister Rob Nicholson insisted wounded members are not being summarily given their walking papers and that a collaborative process is followed before anyone hits the civilian world. "Before being released, members of the Canadian Armed Forces work with the military on a transition plan," Nicholson told the House of Commons during tag-team attacks by the Liberals and New Democrats. Critics took up the cases of two soldiers reported by The Canadian Press, one of who was discharged last Friday. David Hawkins, a reservist from London, Ont., with post-traumatic stress, was mustered out despite pleas to remain another year until he was able to collect a fully indexed pension.


Scandal alarms Canada's ruling Conservatives ahead of convention

Posted: 30 Oct 2013 12:22 PM PDT

Canada's PM Harper speaks during Question Period in the House of Commons on Parliament Hill in OttawaBy David Ljunggren and Randall Palmer OTTAWA (Reuters) - Canada's ruling Conservatives go into what was supposed to be a triumphant convention this weekend trying to limit damage from a scandal over improper expenses that reaches the office of Prime Minister Stephen Harper and could undermine the party's chances of winning re-election in 2015. Harper has been on the defensive since news broke that his then chief of staff, Nigel Wright, gave a personal check for C$90,000 ($85,700) to Mike Duffy, a member of the upper Senate chamber, to help repay expenses that Duffy improperly claimed. "It's a bit too early to slam the panic button, but I think the hands should be over the panic button," said pollster Nik Nanos, who sees the opposition Liberals ahead of the Conservatives by 37 percent to 29 percent. If those numbers hold on election day two years from now, the Liberals, under new party leader Justin Trudeau, would almost certainly end nearly a decade of Conservative power.


Bank of Canada chief: policy shift had small C$ impact

Posted: 29 Oct 2013 04:40 PM PDT

Bank of Canada Governor Stephen Poloz is greeted while waiting to testify before the Commons finance committee on Parliament Hill in OttawaBy Louise Egan OTTAWA (Reuters) - The Canadian dollar did not weaken significantly after the Bank of Canada abandoned 18 months of warning about higher interest rates last week in response to low inflation and a weak economy, central bank head Stephen Poloz said on Tuesday. Poloz told a parliamentary committee that in setting interest rates last week the bank heightened its focus on the fact that inflation has been persistently below its 2 percent target. "In that context we decided that we should no longer have an explicit bias toward higher interest rates," he said. ...


 

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