Finance News Blog
Business and Forex Headline Finance Newsletter

Canadian Government Should Move Quickly on Stimulus, Economist Says

(CEP News) Ottawa - The government of Canada should move quickly and boldly to stimulate the economy and help the country out of the recession in which it now finds itself, says BMO deputy chief economist Doug Porter.


Posted by shina on December 11th, 2008 :: Filed under Canada
Tags :: , , , , , , , , , , ,

Conservatives Step Up Fight Against Opposition Bid to Topple Canadian Government

(CEP News) Ottawa - Calling an opposition bid to topple the Canadian government undemocratic and bad for the economy, Conservatives have vowed to fight back and enlist the support of voters across Canada to keep them in office.


Posted by shina on December 2nd, 2008 :: Filed under Canada
Tags :: , , , , , , , , , ,

Conservatives Step Up Fight Against Opposition Bid to Topple Canadian Government

(CEP News) Ottawa - Calling an opposition bid to topple the Canadian government undemocratic and bad for the economy, Conservatives have vowed to fight back and enlist the support of voters across Canada to keep them in office.


Posted by shina on December 2nd, 2008 :: Filed under Canada
Tags :: , , , , , , , , , ,

Canadian Conservative Gov’t Drops Political Subsidy Cut, Opposition Not Backing Down

(CEP News) Ottawa - The Canadian Conservative government has backed off plans to end a $1.95-per-vote subsidy for political parties, and says it will now table an early federal budget on Jan. 27, 2009. However, opposition MPs say that isn’t enough.


Posted by shina on November 30th, 2008 :: Filed under Canada
Tags :: , , , , , , , , , ,

Loonie Continues to Weaken Ahead of Canadian Fiscal Update

(CEP News) - The loonie is under continued pressure today on what has been a quiet trading day due to the U.S. Thanksgiving holiday, and ahead of the Canadian federal government’s fiscal update later this afternoon.


Posted by shina on November 27th, 2008 :: Filed under Forex, News
Tags :: , , , , , ,

Loonie Continues to Weaken Ahead of Canadian Fiscal Update

(CEP News) - The loonie is under continued pressure today on what has been a quiet trading day due to the U.S. Thanksgiving holiday, and ahead of the Canadian federal government’s fiscal update later this afternoon.


Posted by shina on November 27th, 2008 :: Filed under Forex, News
Tags :: , , , , , ,

Getting PSAC to Drop Complaints Could Cost Canadian Government $340 Million

(CEP News) Ottawa - Getting the Public Service Alliance of Canada (PSAC) to drop two pay equity complaints will cost the federal government $340 million dollars if the deal is ratified.


Posted by shina on November 25th, 2008 :: Filed under Canada
Tags :: , , , , , , , , , , , ,

Canadian Car Dealers Ask Government to Ensure Access to Liquidity

(CEP News) Ottawa - New car dealers in Canada are asking the federal government to ensure that they have access to the financing they need during the current economic downturn.


Posted by shina on November 21st, 2008 :: Filed under Canada
Tags :: , , , , , , , , ,

Canadian Government to Create Common Securities Regulator With "Willing Provinces"

(CEP News) Ottawa - The federal government will go ahead with the creation of a Canadian financial securities regulator regardless of whether all of the provinces are on board with the idea, federal Finance Minister Jim Flaherty said on Wednesday.


Posted by shina on November 19th, 2008 :: Filed under Canada
Tags :: , , , , , , , , ,

Canadian Government Says Short-Term Deficit May Be Required (Update)

(CEP News) Ottawa - The government of Canada conceded Wednesday that it will probably have to run a budgetary deficit to help it get through the current global economic downturn.


Posted by shina on November 19th, 2008 :: Filed under Canada
Tags :: , , , , , , ,

Canadian Fixed Income Markets Trend Lower Despite Drop in U.S. Sentiment

(CEP News) - Canadian government bond prices are unexpectedly lower following a larger-than-expected drop in U.S. consumer sentiment on Friday morning.


Posted by shina on October 18th, 2008 :: Filed under Finance, Market, News
Tags :: , , , , , , ,

Economist Says Canadian Government Must Accept Deficit Spending

(CEP News) Ottawa - A senior economist says Canada is heading for recession and the federal government will be forced into deficit spending to help the country through it.


Posted by shina on October 16th, 2008 :: Filed under Canada
Tags :: , , , , , , , ,

Taxes, Fiscal Stimulus Likely to Be Issues for New Canadian Government

(CEP News) Ottawa - The election of the Conservative Party to a second minority government may not be what the party or the market would have hoped for, and as a result, sticking to the low-tax, balanced budget approach will likely be one of the first issues the new government will face, economists say.


Posted by shina on October 15th, 2008 :: Filed under Canada
Tags :: , , , , , , , , , , , ,

Canadian Government Will Issue Debt to Finance $25B Mortgage Relief Program

(CEP News) - Canadian officials unveiled more details on Saturday about the government’s $25 billion program to buy mortgages from financial institutions in order to free up lending funds.


Posted by shina on October 12th, 2008 :: Filed under Finance, Market, News
Tags :: , , , , , , , , , , ,

Canadian Government Will Issue Debt to Finance $25B Mortgage Relief Program

(CEP News) - Canadian officials unveiled more details on Saturday about the government’s $25 billion program to buy mortgages from financial institutions in order to free up lending funds.


Posted by shina on October 11th, 2008 :: Filed under Canada
Tags :: , , , , , , , , , , ,

Canadian Banks Lower Prime Rates After Government Mortgage Announcement

(CEP News) - Several of Canada’s major banks said they are lowering their prime rates by between 0.15% and 0.25% following the federal government’s announcement earlier in the day that it will buy up to $25 billion in insured mortgages.


Posted by shina on October 10th, 2008 :: Filed under Canada
Tags :: , , , , , , , , , , ,

Canadian Government to Purchase $25B in Insured Mortgages (Update)

(CEP News) Ottawa - The Canadian government will buy up to $25 billion in insured mortgage pools in an effort to maintain the availability of “longer- term” credit in Canada, Finance Minister Jim Flaherty announced Friday.


Posted by shina on October 10th, 2008 :: Filed under Canada
Tags :: , , , , , , , ,

Finance Minister Rules Out Deficit Spending for Canada (Update)

(CEP News) Toronto - Canadian Finance Minister Jim Flaherty says he will not allow the Canadian government to slip into deficit.


Posted by shina on October 8th, 2008 :: Filed under Canada
Tags :: , , , , , , ,

U.S. ISM Drop Leads to Canadian Fixed Income Market Gains

(CEP News) - Canadian government bond futures contracts reached new session highs due to a historical drop in the Institute for Supply Management (ISM) manufacturing survey south of the border on Wednesday morning.


Posted by shina on October 1st, 2008 :: Filed under Finance, Market, News
Tags :: , , , , , , , , , , , ,

Income Taxes Represent 66% of 2007-08 Canadian Government Revenues

(CEP News) Ottawa - The government of Canada took in more than $159 billion in income taxes during the 2007-08 fiscal year, according to documents released Monday.


Posted by shina on September 29th, 2008 :: Filed under Canada
Tags :: , , , , , , , , , ,