Andrea Hopkins

Canada's Conservatives face split ahead of 2019 election

Aug 23 2018

OTTAWA Canada's opposition Conservatives face a potential split a year ahead of national elections after a prominent former cabinet minister quit the party on Thursday to form his own right-leaning faction, focused on limited immigration and promoting free trade.

UPDATE 2-Canada retail sales edge lower in June, May revised up

Aug 22 2018

OTTAWA, Aug 22 Canadian retail trade dipped 0.2 percent in June but May's big jump was revised even higher, Statistics Canada said on Wednesday in a report that shed no light on the outlook for whether the Bank of Canada will hike rates as soon as September.

UPDATE 2-Canadian factory sales rise in June on oil, coal

Aug 16 2018

OTTAWA, Aug 16 Canadian factory sales grew by 1.1 percent in June from May, thanks largely to a rebound in petroleum and coal products after temporary shutdowns in the spring, Statistics Canada said on Thursday.

Canada Hajj pilgrims, Saudi students face uncertainty due to diplomatic row

Aug 16 2018

TORONTO/OTTAWA Canadian Muslims traveling to the Hajj pilgrimage face delays coming back due to a diplomatic dispute with Saudi Arabia that is also prompting thousands of students from the kingdom to scramble to sell their assets and return home to meet a month-end deadline.

Canada's new export minister to push beyond U.S. market

Jul 24 2018

OTTAWA Canada has created a new Cabinet position to help exporters look beyond the United States and there will be resources for small businesses that want to take advantage of new trade deals, the new minister for export promotion said on Tuesday.

Canadians feel little pain of rate hikes - so far

Jul 20 2018

OTTAWA, July 20 Canadian consumers are feeling little pain from four rate hikes by the Bank of Canada, despite all warnings to the contrary, with most escaping higher monthly mortgage costs, others priced out of home buying altogether, and many enjoying income gains.

Halfway home, Bank of Canada sees the economy getting a refuel

Jul 12 2018

TORONTO/OTTAWA, July 12 Having cut interest rates in 2015 to counter the oil slump, the Bank of Canada is now looking for a handoff from housing to energy as a source of growth, hoping higher prices can cushion the impact global trade tension has on exports and investment.

WRAPUP 1-Canada housing prices show signs of stabilizing, reports show

Jul 12 2018

OTTAWA, July 12 Canadian home prices rose in June from May, pushing prices just barely above their 2017 peak, while new home prices were flat again in May, according to separate reports on Thursday that signaled a housing market swoon may be stabilizing.

Bank of Canada hikes rates, shrugging of trade tensions

Jul 11 2018

OTTAWA The Bank of Canada raised interest rates on Wednesday as expected and signaled more rate hikes to come, saying that while mounting trade tensions with the United States were a concern, their impact on growth and inflation looked modest so far.

Trade row won't stop Bank of Canada rate hike, at least not yet

Jul 10 2018

OTTAWA/TORONTO, July 10 A trade row between Canada and the United States won't be enough to stop the Bank of Canada from raising rates this week, but bigger storm clouds over trade could mean it is the last hike for a while, analysts and financial markets believe.

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