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  • Low oil prices a bonus for Minnesota railroad regulators Wednesday, 21 Jan 2015 | 3:46 PM ET

    ST. PAUL, Minn.— Lower gas prices have had an added bonus in Minnesota beyond fatter wallets: Train traffic is leveling off, giving regulators space to refocus on safety issues, a state railroad official told lawmakers Wednesday. The memories of an explosive wreck that killed 47 people in Quebec and a near-miss in North Dakota a year ago still loom large in Minnesota,...

  • OTTAWA/ FRANKFURT, Jan 21- The Bank of Canada joined the list of "unpredictable" central banks on Wednesday with a shock quarter point rate cut as the European Central Bank prepared a 600 billion euro bond-buying program aimed at lifting Europe out of its economic doldrums. The global economy outside of the United States has turned distinctly gloomy, with Japan...

  • CALGARY, Alberta, Jan 21- Western Canadian crude production will ramp up in 2015 despite plunging oil prices, the Canadian Association of Petroleum Producers said on Wednesday, although the industry body trimmed its forecast by 65,000 barrels per day to 3.6 million bpd. Despite the slight slowdown, crude output from Western Canada, which includes northern...

  • Canada will achieve a balance budget  Wednesday, 21 Jan 2015 | 11:30 AM ET

    At Davos 2015, Joe Oliver, Minister of Finance in Canada talks about the Canadian economy and why the Bank of Canada cut its interest rates.

  • *Canadian dollar touches C $1.2420 vs US$, or C $80.52 U.S. cents. *Bank of Canada cuts overnight rate to 0.75 percent, slashes outlook. TORONTO, Jan 21- The Canadian dollar on Wednesday plunged more than 2 percent to its weakest since April 2009 after the Bank of Canada shocked financial markets with an interest rate cut, while bond yields fell to record lows across the...

  • Canada's central bank cuts key interest rate Wednesday, 21 Jan 2015 | 10:52 AM ET

    TORONTO— Canada's central bank is cutting its key interest rate by a quarter of a percentage point because of the recent sharp drop in oil prices. The Bank of Canada unexpectedly cut its trend-setting rate on Wednesday to three quarters of a percentage point from one percent. The Canadian province of Alberta has the world's third largest oil reserves, with 170...

  • OTTAWA, Jan 21- In a shock move, the Bank of Canada cut its benchmark interest rate on Wednesday to counter the effects of cheaper oil on economic growth and inflation and to try to prevent financial instability that could result from a vulnerable housing market. Ending the longest period of unchanged rates in Canada since 1950, the central bank cut its overnight...

  • DIARY- Top Economic Events to Feb 3 Tuesday, 20 Jan 2015 | 7:01 PM ET

    Treasury Secretary Jacob Lew will preside over an open session of the Financial Stability Oversight Council at the Treasury Department. WASHINGTON- Federal Reserve chair Janet Yellen participates in open session of the Financial Stability Oversight Council meeting- 1930 GMT. LONDON- Bank of England will release the minutes from its January policy meeting-...

  • VANCOUVER, Jan 20- Alaska can use an existing British Columbia ferry terminal for several more years if Canada enforces an order blocking so-called "Buy America" purchasing rules from being applied to its reconstruction, a state official said on Tuesday. A $15 million plan to overhaul the Prince Rupert ferry terminal, which is located in Canada, has escalated...

  • Wall Street debates implications of crude's drop Tuesday, 20 Jan 2015 | 5:39 PM ET
    A trader works on the floor of the New York Stock Exchange.

    What looked like a good thing for consumers paying less at the pump has shifted to angst.

  • Jan 20- A former Toronto stockbroker failed to persuade a U.S. appeals court in Philadelphia to overturn his fraud conviction and 25- year prison sentence for causing more than $55 million of losses in an international stocks scam. A federal jury in February 2010 convicted Georgiou, now 45, of securities fraud, wire fraud and conspiracy over trades in Avicena...

  • LINCOLN, Neb.— The developer of the Keystone XL oil pipeline made good on its promise Tuesday to try to seize access to the Nebraska land it needs to finish the project— the first steps it's taken since the state's high court removed a major legal barrier. TransCanada employees said the company filed legal papers in nine Nebraska counties to invoke eminent domain...

  • *China Q4 growth 7.3 percent, beats forecasts. LONDON, Jan 20- Copper and other base metals rose on Tuesday after China reported its economy had not slowed as much as many had feared, and as investors began to reassess whether this year's steep losses were justified. China reported growth of 7.3 percent for 2014, just pipping forecasts of 7.2 percent growth.

  • MANNHEIM, Germany, Jan 20- German analyst and investor sentiment jumped in January for the third straight month, helped by low oil prices and a weaker euro, boosting hopes for a rebound in Europe's biggest economy after meagre growth in the second half of last year. Mannheim- based think tank ZEW reporting on Tuesday its monthly survey of economic sentiment...

  • CALGARY, Alberta, Jan 20- Canada's oil sands companies are perilously close to operating at a loss after six months of plunging crude prices, yet many say they have no plans to cut production at their vast projects in northern Alberta. On the contrary, Syncrude and Canadian Natural Resources Ltd are planning to boost production, in the expectation economies of...

  • VANCOUVER, Jan 19- The Canadian government signed an order on Monday blocking the United States from applying controversial "Buy America" purchasing rules on the demolition and reconstruction of a ferry terminal that is located on Canada's Pacific Coast but operated by Alaska's Department of Transportation. The state of Alaska has refused to waive the...

  • JUNEAU, Alaska— The Canadian government has signed an order that would block the state of Alaska from updating a ferry terminal unless the two sides resolve an ongoing dispute over the use of U.S. steel in the project. The vast majority of construction funding for the project is expected to come from the Federal Highway Administration, which has "Buy America"...

  • LINCOLN, Neb.— The number of trains carrying at least a million gallons of crude oil across eastern Nebraska each week has more than tripled since the summer. BNSF said it is moving about a dozen oil trains through eastern Nebraska each week. Officials from BNSF and Nebraska are planning an emergency response exercise for first responders along the oil-train...

  • DIARY- Top Economic Events to Jan 30 Friday, 16 Jan 2015 | 7:00 PM ET

    ATLANTA, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart gives welcome remarks and speaks on " Federal Reserve Bank of Atlanta's CED Programs and Financial Literacy Programs" before the HOPE Global Forum- 1350 GMT. DUBLIN- The Central Bank of Ireland, Center for Economic Policy Research and International Monetary Fund are organizing a...

  • NEW YORK/ TORONTO, Jan 16- Target Corp was scrambling for ways to fix its failing Canadian expansion and considering closing just the weakest locations, but a pre-holiday visit to several stores by CEO Brian Cornell helped seal the decision for a full retreat. Cornell spent the weekend before Christmas making solo visits to stores in Ontario and Quebec, Canada's...