Stephen Harper
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Canada has approved China's biggest ever foreign takeover, the $15.1 billion bid from CNOOC for energy company Nexen, but has drawn a line in the sand against future buys by state-owned enterprises.
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NEW YORK, May 16- Canada's soaring consumer debt is backed by solid assets, Prime Minister Stephen Harper said on Thursday, saying he was more worried about economic problems outside the country. But when asked about the biggest risks to Canada, Harper said they were external. " Harper following by citing the growth of household credit in Canada.
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The State Department is nominally in charge of making a final decision on TransCanada Corp's proposed project, which would help link Alberta's oil sands with refineries and ports along the U.S. Gulf Coast, because the pipeline would cross the national border.
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Citizenship and Immigration Minister Jason Kenney and Human Resources Minister Diane Finley have scheduled a news conference for Monday afternoon to announce reforms to the program, which the Conservative government was expected to present to Parliament in its budget implementation bill on Monday afternoon.
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*Minister Oliver says Canada won't treat U.S. as Venezuela has. CALGARY, Alberta, April 18- Canada is playing up its record as a reliable oil supplier to the United States compared to politically volatile Venezuela, as it seeks to win favor in Washington for the contentious Keystone XL pipeline to Texas refineries.
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*Canada losing jobs after post-recession boom. OTTAWA/ TORONTO, April 15- Factory worker Nelson Claros has little time for talk of the Canadian economic miracle. The 50- year-old was laid off last year from his job of 22 years at a bus-assembly plant northwest of Toronto, and has since applied for 130 jobs.
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BEIJING- A strain of bird flu that has been found in humans for the first time in eastern China is no cause for panic, the World Health Organization said on Monday, as the number of people infected rose to 24, with seven deaths.
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OTTAWA, March 21- Canada's Conservative government pledged on Thursday to close tax loopholes and curb spending to erase its budget deficit in time for the 2015 election, even as it committed funds to infrastructure, manufacturing and job training.
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OTTAWA, March 14- Canadian Prime Minister Stephen Harper said it would be advantageous for his country to sign a free trade agreement with the European Union before Washington does, but said there were still important issues to resolve in the talks.
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OTTAWA, March 14- There are still obstacles to a Canada-European Union free trade deal, the prime ministers of Canada and France said on Thursday, but both said a deal could smooth the way for a similar EU deal with Washington.
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OTTAWA, March 12- The government's steely determination to balance Canada's budget by 2015 could brake an economy that is already showing signs of strain, as Ottawa seeks to rebuild a reputation for prudence that made it the envy of the industrialized world.
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*Feds, Northwest Territories agree on terms of devolution. OTTAWA, March 11- Canada's Northwest Territories will soon become responsible for managing the land within its boundaries and granting oil and gas rights under the terms of deal with the federal government that was announced on Monday.
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WASHINGTON, March 1- The Keystone XL oil pipeline got a boost on Friday when the U.S. State Department said the project would not likely change the rate at which Canada's oil sands are developed, discounting fears it would be responsible for additional greenhouse gas emissions.
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OTTAWA, March 1- Canadian Finance Minister Jim Flaherty expressed rare public frustration with the United States on Friday, saying it was regrettable that Canada's main trading partner kept lurching from crisis to crisis. Canada sends 75 percent of all its exports to the United States and is very reliant on the economic health of its southern neighbor.
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OTTAWA, March 1- An influential Canadian cabinet minister took an unexpected swipe at the United States on Friday, saying it was up to its ears in debt because it had followed big-spending policies similar to those advocated by a left-leaning Canadian party.
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CALGARY, Alberta, Feb 27- Chinese oil company CNOOC Ltd, its takeover of Canada's Nexen Inc now complete, is giving the leader of the Canadian unit freedom to get operations running smoothly after an exhaustive seven-month acquisition process, CNOOC's CEO said on Wednesday.
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*Quebec anti-corruption squad issues warrants for former executives. The province of Quebec's anti-corruption police unit alleges that ex-CEO Pierre Duhaime, who resigned from the Montreal- based company last year, committed fraud and other criminal offenses.
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CALGARY, Alberta, Feb 25- Nexen Inc, whose $15.1 billion takeover by China's CNOOC Ltd is set to close this week, reported a fourth-quarter net loss on Monday as expectations for extended weakness in the North American natural gas market led to a multimillion-dollar asset impairment charge.
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LONDON, Feb 8- Canada badly needs to find a way to get its crude to customers in Asia and avoid the oversupplied North American market to fetch a better price for its oil.
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OTTAWA, Jan 31- Canadian Finance Minister Jim Flaherty revealed on Thursday he is suffering from a serious skin disease and is taking steroids that make him appear bloated and red-faced, but that the problem is not preventing him from doing his job. Flaherty's health has been a source of speculation in Ottawa for months because of his changed appearance.
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OTTAWA, Jan 31- Canadian Finance Minister Jim Flaherty said that steroids he is taking for a rare skin disease has made him appear to be bloated, though the problem is not preventing him from doing his job, according to an interview published on Thursday. "Of late I've been getting too many questions about my appearance and the weight gain," he told the Globe and Mail.