Canada
Canada's Core Inflation Rate Unexpectedly Accelerates to 2.1% in February Canada’s core inflation rate
unexpectedly accelerated last month on higher costs for
automobile insurance and accommodation during the Vancouver
Winter Olympics, bolstering the Canadian dollar and pressuring
the Bank of Canada to increase interest rates.
Shell, Nexen Make `Significant' Deepwater Oil Discovery in Gulf of Mexico Royal Dutch Shell Plc and Nexen
Inc. made a “significant” oil discovery in the Gulf of Mexico,
adding to finds in the area last year.
Sticky Core Prices May Boost Pressure for Policy Rate Rise: Canada Credit Investors are bringing forward
their expectations for when the Bank of Canada will raise its
key interest rate after reports today showed a measure of
inflation above the bank’s forecast and strong retail sales.
Canadian Dollar Advances as Report Shows Higher-Than-Forecast Inflation The Canadian currency rose against
its U.S. counterpart after a government report showed consumer
prices increased last month more than economists forecast.
Stocks Fall in Toronto for Second Day as Canadian Oil Sands, Telus Decline Canadian stocks fell for a second
day as commodity prices declined and higher-than-expected
inflation in the country raised the prospect of interest-rate
increases.
Canada January Retail Sales Increase as Home Renovation Tax Credit Expires Canadian retail sales rose in
January, as consumers stocked up on home improvement supplies
before a federal tax credit expired.
African Barrick Gold Raises 581 Million Pounds in Share Sale in London Barrick Gold Corp., the world’s
largest gold producer, raised 581 million pounds ($882 million)
selling shares of its African unit in an initial public offering
in London.
Icahn Boosts Pressure on Lions Gate With Offer For All Outstanding Shares Carl Icahn began a $574.4 million
hostile offer to buy Lions Gate Entertainment Corp. after the
film studio rejected his efforts to increase his stake in the
company to as much as 30 percent.
Canadian National Resolves Labor Issues With 1,700 Locomotive Engineers Canadian National Railway Co. said
it will begin implementing an arbitration ruling setting the
terms and conditions of a new three-year collective agreement
between CN and the Teamsters Canada Rail Conference,
representing 1,700 locomotive engineers in Canada.
Nickel, Best-Performing Metal of 2010, May Decline, Bloomberg Survey Shows Nickel may drop 8 percent in the
second quarter, eroding its lead as this year’s best-performing
metal, on concern that demand won’t accelerate fast enough to
drain stockpiles, a survey of analysts showed.
Sarkozy Opposes IMF Involvement in Greek Crisis, Widening Rift With Merkel President Nicolas Sarkozy opposes
Germany’s call for an International Monetary Fund loan to
Greece, a French government official said, pitting the euro
area’s biggest members against one another over a rescue plan.
Bank of Montreal Shirked Responsibility for Trading Losses, Cassidy Says Bank of Montreal’s record
commodity-trading losses in 2007 resulted from bad bets and
failed supervision of its employees, former Optionable Inc.
Chief Executive Officer Kevin Cassidy said while urging a
judge to throw out a lawsuit.
Red River Poses Threat to Fargo, North Dakota, With a 38-Foot Flood Crest The Red River of the North is
expected to start cresting the day after tomorrow in Fargo,
North Dakota, about 3 feet below last year’s record of 40.8 feet
(12.4 meters), the National Weather Service said.
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