Canada News

Economic shots traded in Canadian election race

Reuters - 2 hours, 57 minutes ago

VANCOUVER, British Columbia (Reuters) - Canada's political leaders traded election shots on Monday on whether the Conservative government had done enough to protect the country's economy from the global financial crisis.

  • Government says economy can avoid recession Reuters - Mon Oct 6, 6:38 PM ET

    TORONTO (Reuters) - Canada's government said on Monday the economy can still avoid a recession even as the global financial crisis battered the Toronto stock market and economists warned of little growth until late next year.

  • Canada's Finance Minister Jim Flaherty speaks during Question Period in the House of Commons on Parliament Hill in Ottawa June 17, 2008. REUTERS/Chris Wattie
    Flaherty sees start of credit squeeze Reuters - Mon Oct 6, 3:22 PM ET

    OTTAWA (Reuters) - The global credit crunch is starting to hamper Canadian banks' ability to raise longer-term funds but they remain well-capitalized and able to withstand big shocks, Finance Minister Jim Flaherty said on Monday.

  • Polls show a tighter election race Reuters - Mon Oct 6, 2:51 PM ET

    OTTAWA (Reuters) - Two polls on Monday showed a tighter Canadian election race than earlier in the campaign, and point to the Conservative Party winning a minority government rather than the majority that seemed to be in the cards earlier.

  • Conservative leader and Canada's Prime Minister Stephen Harper has his microphone removed following a television interview in Montreal October 6, 2008. Canadians will head to the polls in a federal election October 14. REUTERS/Chris Wattie (CANADA)
    Harper says more action may be needed Reuters - Mon Oct 6, 5:25 PM ET

    OTTAWA (Reuters) - The Canadian government took action ahead of the current financial crisis that has prepared banks and the economy well but more action may be needed, Prime Minister Stephen Harper said on Monday.

  • Ottawa delays sales of new Canada Savings Bonds Reuters - Mon Oct 6, 4:23 PM ET

    TORONTO (Reuters) - Sales of new Canada Savings Bonds were due to begin on Monday, but the sales campaign has been postponed, the federal Finance Department said.

  • Economy to stall out by next summer: panel Reuters - Mon Oct 6, 1:28 PM ET

    TORONTO (Reuters) - Canada's economy will show little or no growth for much of the next year, paving the way for lower interest rates, a group of leading Canadian economists said on Monday.

  • U.S. to allies: Fight in Afghanistan or write check Reuters - Mon Oct 6, 8:06 AM ET

    WASHINGTON (Reuters) - The United States has asked Japan and NATO allies who have refused to send troops to Afghanistan to pay the estimated $17 billion needed to build up the Afghan army, according to U.S. defense officials.

  • Harper "in bubble" over economic woes: Dion Reuters - Sat Oct 4, 12:18 PM ET

    OTTAWA (Reuters) - Liberal leader Stephane Dion, trailing in the race to win an October 14 election, on Saturday charged that Prime Minister Stephen Harper was in denial about the weakening economy.

  • Separatists say Quebec can stop Conservatives Reuters - Fri Oct 3, 5:09 PM ET

    TORONTO (Reuters) - The leader of the separatist Bloc Quebecois made an unusual campaign stop outside Quebec on Friday, but Gilles Duceppe had a message of solidarity for neighboring Ontario, promising to block the ruling Conservatives' bid to win a majority in the upcoming election.