Pension changes likely in 2020-25: Flaherty
OTTAWA (Reuters) ? Changes to Canada's Old Age Security pension program will likely come in 2020 or beyond and will involve more than one federal budget, Finance Minister Jim Flaherty said on Friday. "This is for 2020, 2025 so that people who are middle age and younger today ... can be assured that they will have these social programs properly funded, fiscally responsible, that they'll be there for them in the future," Flaherty said, according to a transcript of comments in Oshawa, Ontario.
Canada PM vows to ensure key oil pipeline is built
GUANGZHOU, China (Reuters) - Canada's prime minister on Friday made his strongest comments yet in support of a proposed pipeline from oil-rich Alberta to the Pacific coast, saying his government was committed to ensuring the controversial project went ahead. Enbridge Inc's Northern Gateway pipeline, which is strongly opposed by green groups and some aboriginal bands, would allow Canada to send tankers of crude to China and reduce reliance on the U.S. market.
Insight: Quebec lessons for Scotland in how to pop the question
OTTAWA (Reuters) - For Brits grappling with the idea of Scottish independence, it may be worth looking across the Atlantic. In 1995, residents of Quebec voted on whether the province should separate from Canada. That referendum - narrowly won by the pro-Canada camp with just 50.6 percent of the vote - has an important lesson for Scots keen to end Scotland's 300-year union with England, and for the British establishment, which wants them to stay: the wording of the referendum question and the rules around it can help determine whether the country will stay in one piece.
Canadian Wheat Board aims to expand sales to China
(Reuters) - The Canadian Wheat Board is aiming to expand the types of crops it sells to Chinese buyers, as Ottawa opens Western Canada's grain market later this year, the board's chief executive said on Friday. In August, the CWB is set to lose its monopoly to buy and sell Western Canada's wheat and barley for export or human consumption, an advantage that has helped the board make large sales of wheat and malting barley to China in recent years.
Canadians losing confidence in economy: survey
TORONTO (Reuters) - Global financial uncertainty and slowing job creation made Canadians feel less optimistic about the economy last month, according to a Royal Bank of Canada survey. Less than a third - 32 percent - of Canadians felt positive about the outlook for the economy over the next year, down from 43 percent in January 2011, and from the 56 percent who were positive two years ago, the poll showed.
Analysis: Vancouver sky-high home prices set to fizzle not pop
VANCOUVER (Reuters) - Emily Yao admits to disappointment when her bid on a three-bedroom condominium in this desirable West Coast city was turned down last October. But a month later the systems programmer, who moved to Vancouver from mainland China six years ago, snapped up the still-unsold condominium on Vancouver's East Side for C$550,000 ($550,000), C$9,000 less than the original price tag.
Alberta ponders impact of massive budget surpluses
CALGARY, Alberta (Reuters) - Alberta Finance Minister Ron Liepert dangled the prospect of massive budget surpluses on Friday, a day after delivering what was promised to be the province's last deficit budget and said the oil-rich region needs to consider the impact of its prosperity on the rest of the country. In a speech to a Calgary business audience, Liepert said strong oil prices and an expected rise in output from the oil sands will swell the provincial treasury, leaving the government with multibillion-dollar budget surpluses that may attract the attention of less-prosperous governments.
Air Canada says has to up game to match WestJet
BEIJING (Reuters) - Air Canada will have to improve its performance now that rival WestJet Airlines Ltd is moving into the regional market, the carrier's chief operating officer told Reuters on Thursday. WestJet shares rose more than 4 percent on Wednesday after the company said it expected to serve smaller Canadian destinations dominated by Air Canada - the nation's largest carrier - and other airlines before the end of 2013.
Internet firms aren't broadcasters: court
OTTAWA (Reuters) - Internet service providers are not broadcasters, and don't need to adhere to strict rules designed to boost Canadian content on domestic television and radio, the Supreme Court of Canada ruled on Thursday. The decision is a victory for telecommunications and Internet companies, including Bell Canada, Telus, Rogers Communications, Cogeco Cable and Bell Aliant, and a loss for Canadian performers and producers.
Canada's winter so tame, festival buys fake snow
WINNIPEG, Manitoba (Reuters) - The usually frigid Canadian city of Winnipeg - often nicknamed Winterpeg - has been so mild and dry this winter that a popular snow-sculpting competition has been forced to truck in 200 loads of fake flakes for this year's annual event. While Europe shivers through a severe cold snap that has killed hundreds of people, Winnipeg has enjoyed its third-mildest January in more than a century, with the average temperature a relatively balmy -10.8 Celsius (12.6 Fahrenheit).
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