Yahoo! News Canada - Canada Headlines

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• Harper calls oil and gas regs 'crazy economic policy' in times of cheap oil
• Vancouver places 30,000 sandbags along waterfront in anticipation of king tide
• Low oil prices could bring down other costs for consumers
• Canada introduces bill to expose U.S.-Canada price inequities

Harper calls oil and gas regs 'crazy economic policy' in times of cheap oil Posted: 09 Dec 2014 03:40 PM PST OTTAWA - Stephen Harper slammed the door on unilaterally regulating Canada's oil and gas sector Tuesday even as four provincial governments, representing almost 80 per cent of Canada's population, were pledging to go further and faster in reducing greenhouse gas emissions.

Vancouver places 30,000 sandbags along waterfront in anticipation of king tide Posted: 09 Dec 2014 11:34 PM PST VANCOUVER - Some 30,000 sandbags line a stretch of low-lying waterfront land in Vancouver, placed by city workers in a bid to protect local homes from an anticipated king tide.

Low oil prices could bring down other costs for consumers Posted: 09 Dec 2014 08:04 PM PST Prices could come down on everything from airfare, groceries and home heating thanks to the sudden drop in oil prices, according to a Toronto economist. Doug Porter, chief economist at BMO, says the lower oil prices should continue for at least for another six months, and will likely lead to savings beyond the pump. - Q&A | Industry watcher Robert Skinner on dropping oil prices"Almost every good that we buy is shipped from somewhere, and there are transportation costs involved," Porter said. "This is a bit of a quiet win-win for the Ontario economy."But, he added, the savings "won't show up immediately" and could take between six months and a year to show up on consumers' bills. Click the video for the full story.  Prices could come down on everything from airfare, groceries and home heating thanks to the sudden drop in oil prices, according to a Toronto economist.  Doug Porter, chief economist at BMO, says the lower oil prices should continue for at least for another six months, and will likely lead to savings beyond the pump.  - Q&A | Industry watcher Robert Skinner on dropping oil prices "Almost every good that we buy is shipped from somewhere, and there are transportation costs involved," Porter said.  "This is a bit of a quiet win-win for the Ontario economy." But, he added, the savings "won't show up immediately" and could take between six months and a year to show up on consumers' bills.  Click the video for the full story.

Canada introduces bill to expose U.S.-Canada price inequities Posted: 09 Dec 2014 08:56 AM PST By Leah Schnurr and Randall Palmer OTTAWA (Reuters) - The Canadian government introduced legislation on Tuesday to give the country's competition watchdog the power to embarrass companies that charge more for products in Canada than they do in the United States. The Conservative government's proposed Price Transparency Act would fall short of making it illegal to engage in price discrimination. Doing so had been roundly criticized by economists as undue interference in the marketplace. Instead, the bill provides a mechanism to expose price differences. ...

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