Saturday, December 17, 2011

CA-CANADA Summary (Reuters)

Bloc Quebecois resurgent: poll

OTTAWA (Reuters) ? The separatist Bloc Quebecois has staged a comeback and is now tied in public support with the federalist party that has the most Quebec seats in the House of Commons, a Harris-Decima poll released on Thursday shows. The Bloc, which wants independence for the French-speaking province of Quebec, had been reduced in the May federal election to four seats from 47. The House has 308 seats, 75 of which are from Quebec.

TransCanada bets expansion plan will help Keystone

CALGARY, Alberta (Reuters) - Buoyed by renewed pledges of customer support, TransCanada Corp said on Thursday it not only wants to proceed with its stalled Canada-to-Texas Keystone XL oil pipeline but to undertake a $600 million expansion and extension. The company is betting its proposed expansion of the original $7 billion plan to carry Alberta oil sands crude to the Gulf Coast will hammer home Keystone's economic benefits to politicians and trump the environmental worries that have prompted a lengthy delay in its U.S. approval process.

Investor pushes for leadership change at RIM

(Reuters) - An investor at Research In Motion has asked two directors at the struggling Canadian smartphone maker to push for a change in the company's governance. Activist shareholder Jaguar Financial, which has been asking the BlackBerry maker to sell itself in whole or parts, said it wants the roles of the company's chairman and chief executive to be separated.

Exclusive: Business borrowing signals Canadian growth: PayNet

TORONTO (Reuters) - Canadian commercial lending growth accelerated in the third quarter, showing smaller businesses expanded even as Europe's deepening debt crisis rattled investors worldwide, according to a PayNet Inc report. PayNet, which tracks commercial financing to thousands of small and medium-sized companies, said on Thursday its Canadian Business Lending Index rose 6 percent from the second quarter and 13 percent year over year.

Sobeys to buy 250 Shell gas stations in Canada

(Reuters) - Empire Co Ltd's Sobeys grocery chain is expanding its high-margin retail gasoline business in Eastern Canada, announcing plans on Thursday to buy 250 gas stations from Shell Canada. Sobeys, Canada's No. 2 grocer, will take over all of Shell's retail outlets in Atlantic Canada and the province of Quebec. The price was undisclosed but Sobeys said it would finance the deal with existing cash balances.

Ottawa to push ahead with Wheat Board legislation

OTTAWA (Reuters) - Canadian Agriculture Minister Gerry Ritz said on Wednesday the he will push ahead with legislation to end the Canadian Wheat Board's marketing monopoly, despite the board's announcement it will ask a court to rule the law invalid. Ritz said the Conservative government has the right to rewrite the legislation despite what he called a "poison pill" clause that requires that western farmer be consulted first.

Canada seeks a way to limit health-spending increases

OTTAWA (Reuters) - Canada's top finance officials will try at a meeting next week to come to grips with the thorny problem of how to limit the rising costs of the country's universal public health-care system in the face of an aging population. Health care in Canada is a responsibility of the provinces, and since 2004 the federal government has been increasing by 6 percent a year the amount of money it provides them to help pay for the system. It has committed to keep on doing so through 2016, and since 2006 it has increased its annual payments to C$27 billion ($26 billion) from C$19 billion.

Canada set for tamer growth as factories struggle

OTTAWA (Reuters) - Canadian factory sales slumped in October after three months of gains, confirming suspicions the final stretch to the end of the year will see a slowdown from the brisk economic growth of earlier months. Despite the struggling manufacturers, the economy overall in the second half has been stronger than anticipated. The Bank of Canada will likely feel compelled to keep interest rates on hold at 1 percent as a safeguard against any noxious effects from the European debt crisis.

Radioactive leak at New Brunswick nuclear power station

(Reuters) - NB Power said a radiation alert at the Point Lepreau nuclear generating station in Canada's New Brunswick province on Tuesday was caused by a small spill in the reactor building. The company said the event did not pose significant impact to the public or the environment.

RIM investors fear more bad news on QNX

TORONTO (Reuters) - Research In Motion has already doled out a big helping of bad news ahead of its financial results on Thursday, but surprises could still await investors hungry for details about what many see as a new, make-or-break BlackBerry. Investors are desperate to know whether RIM will stand by its current timetable to switch its smartphones to the new QNX operating system by early next year. The transition is considered the Canadian company's last, best chance to reverse its declining fortunes.

Source: http://us.rd.yahoo.com/dailynews/rss/energy/*http%3A//news.yahoo.com/s/nm/20111215/wl_canada_nm/canada_summary

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