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.
Thanachart, Backed by Scotiabank, to Pay $2.1 Billion for Siam City Bank Thanachart Bank Pcl, a Thai lender
partly owned by Canada’s Bank of Nova Scotia, will pay about
C$2.2 billion ($2.14 billion) for Siam City Bank Pcl in a two-
step purchase to become Thailand’s fifth-biggest bank.
Prime Minister Harper Says Canada Economy Already Starting to Create Jobs Canadian Prime Minister Stephen
Harper said the country’s economy has already started to create
jobs, and pledged to extend stimulus measures until the recovery
is firmly rooted.
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 Stocks Rise as Commodity Futures Rebound; RIM, Barrick Advance Canadian stocks gained for a second
day, led by gold producers, as commodity prices rebounded from a
one-week low.
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.
Slim Overtakes Gates, Buffett to Top Forbes List of World's Richest People Mexico’s Carlos Slim beat Bill
Gates and Warren Buffett for the top spot on Forbes magazine’s
annual list of billionaires, becoming the first person from
outside the U.S. to lead the rankings in 16 years.
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