OTTAWA/MONTREAL Canada's capital city of Ottawa readied on Friday for heavy flooding as rains were set to further engorge the swollen Ottawa River, while Montreal declared a state of emergency as it too braced for an inundation of flood waters. | Video
OTTAWA, April 24 The Bank of Canada held
interest rates steady on Wednesday as expected but removed
wording around the need for future hikes and lowered its growth
forecast for 2019, cementing the market's view that further
increases are off the table for now.
OTTAWA Spring flooding has killed one person and forced nearly 1,700 people from their homes in Canada's Quebec province, with waters expected to continue rising on Monday due to rising temperatures and more rain forecast for the coming days.
OTTAWA Prime Minister Justin Trudeau's already shaky bid to persuade Canadians to fight climate change will get even tougher after the election on Tuesday of conservative Jason Kenney as premier of the energy-rich province of Alberta.
OTTAWA, April 17 Canada's annual inflation rate
edged up to 1.9 percent in March from 1.5 percent in February as
the downward pressure from gasoline prices lessened, easing
market expectations that the Bank of Canada would cut interest
rates by year end.
OTTAWA The Canadian economy unexpectedly shed 7,200 jobs in March, its first decline in seven months, Statistics Canada data showed on Friday, reinforcing market expectations that the Bank of Canada will keep interest rates unchanged next month.
OTTAWA Canadian Prime Minister Justin Trudeau's Liberal Party rallied behind him on Wednesday over his expulsion of two former Cabinet ministers who had questioned his leadership, but he is still in a battle to regain dwindling support before a general election in October.
* Prime Minister was under party pressure to act to end
OTTAWA, March 29 The Canadian economy grew by a
surprise 0.3 percent in January, reversing recent declines as
the construction and manufacturing sectors picked up, and likely
leaving the Bank of Canada on the sidelines over the coming
OTTAWA The Canadian province of Quebec will ban public sector employees from wearing religious symbols during work hours, in legislation introduced on Thursday, a controversial move that critics say targets Muslim women who wear hijabs or other head coverings.