CANADA STOCKS-TSX rises as energy stocks gain with higher oil, banks gain

Oct 13 Canada’s main stock index ended
higher on Thursday, as stronger oil prices boosted energy shares
and heavyweight financial stocks also gained, bouncing off a
one-week low after weak Chinese data.

The Toronto Stock Exchange’s S&P/TSX composite index
unofficially closed up 24.74 points, or 0.17 percent,
at 14,643.71.

(Reporting by Alastair Sharp; Editing by Lisa Shumaker)

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German court rejects bid to block Canada-EU trade deal, Trudeau impatient

By Caroline Copley and David Ljunggren

BERLIN/OTTAWA (Reuters) – Germany’s Constitutional Court cleared the government on Thursday to approve a free trade accord between the European Union and Canada under defined conditions, boosting the agreement’s chances of passing an EU vote next week.

However, Canadian Prime Minister Justin Trudeau made clear he was losing patience with the EU over the pact, which both sides say could boost bilateral trade by 20 percent.

The court in Karlsruhe rejected emergency appeals by activists to prevent Berlin from endorsing the Comprehensive Economic and Trade Agreement (CETA) before it has been ratified by national …
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Canadian economic growth seen sluggish despite fiscal stimulus: poll

By Anu Bararia

(Reuters) – A quarter of analysts polled by Reuters pared back Canadian economic growth forecasts for this year and next compared with three months ago, saying subdued energy prices and soft U.S. demand will dampen the boost from expected fiscal stimulus.

The Bank of Canada is therefore likely to keep interest rates at low levels for even longer than thought to support the economy, with analysts pushing out their expectations for a rate hike to the second quarter of 2018.

Hurt by a drop in exports and a disruption in oil production caused by wildfires in Alberta, …
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Canadian timber firms brace for U.S. softwood duties

Hefty U.S. duties could be slapped on Canadian timber exports to the United
States by early 2017 after a one-year standstill period expired on Wednesday in
the long-running softwood lumber dispute between Canada and its biggest trading
partner.This week marked 12 months since a nine-year truce in the perpetual
Canada-U.S. softwood conflict ended – with the federal government and the U.S.
administration unable to clinch a successor pact despite months of
negotiations.

This failure to agree probably means a costly and frustrating new season
ahead for Canadian timber companies, which can expect to pay hundreds of
millions of dollars to the U.S. government in order to keep shipping their
product south of the Canadian-U.S. border.The U.S. lumber lobby behind the dispute with Canada – it alleges provinces
subsidize companies through below-market stumpage rates – now says it has “no
choice” but to launch a trade challenge with …

Biggest business rate payers identified

London’s Heathrow airport will continue to pay the highest rate bill of any business in England and Wales when new rateable values are applied in 2017.The airport’s annual bill will be £118m, according to calculations by the property surveyors CVS.The firm’s list of the top 50 rate payers is dominated by airports, power stations and London head offices.Harrods and Selfridges both appear in the top 10, paying £18m and £16m respectively each year.The new rateable values for tens of thousands of businesses in England and Wales were announced in September, following the first revaluation since 2008.The rates are a form of business tax, based broadly on the rentable value of the property in question.Once the rateable value is established, a “multiplier” set down by the government is applied to calculate the actual amount to be paid each year.In some parts of the country where property values have …

EU anti-globalization politician says told to leave Canada

OTTAWA (Reuters) – European Parliament member and anti-globalization activist Jose Bove will be allowed to stay in Canada after earlier being told to leave the country, according to organizers of an event where he had been scheduled to speak.

The Council of Canadians, a social justice non-profit, said on Wednesday that a decision to expel Bove from Canada had been reversed.

Ralph Goodale, Minister of Public Safety, tweeted that “an appropriate outcome has been achieved” in the Bove case, though he said privacy rules block public comments on admissibility issues.

The Council of Canadians said Bove had been held by …
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Is Canada's healthcare as bad as Trump says?

Donald Trump said Canada’s health system is so slow it’s a “disaster”. But while Canadians do wait longer for most services, research has found that people are overall pretty satisfied with the system.During Sunday night’s presidential debate, Mr Trump criticised single-payer health systems, and claimed that in Canada the healthcare system is so slow that people were heading to the US to get better service. “When they need a big operation, when something happens, they come into the United States, in many cases because their system is so slow, it’s catastrophic in certain ways” the real estate mogul said. …
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EU anti-globalization politician allowed to stay in Canada

OTTAWA (Reuters) – European Parliament member and anti-globalization activist Jose Bove will be allowed to stay in Canada after earlier being told to leave the country, according to organizers of an event where he had been scheduled to speak.

The Council of Canadians, a social justice non-profit, said on Wednesday that a decision to expel Bove from Canada had been reversed.

Ralph Goodale, Minister of Public Safety, tweeted that “an appropriate outcome has been achieved” in the Bove case, though he said privacy rules block public comments on admissibility issues.

The Council of Canadians said Bove had been held by …
Go to Source

U.S. lumber lobby has ‘no choice’ but to launch trade action against Canada

Hefty U.S. duties could be slapped on Canadian timber exports to the United
States by early 2017 after a one-year standstill period expired on Wednesday in
the long-running softwood lumber dispute between Canada and its biggest trading
partner.This week marked 12 months since a nine-year truce in the perpetual
Canada-U.S. softwood conflict ended – with the federal government and the U.S.
administration unable to clinch a successor pact despite months of
negotiations.

This failure to agree probably means a costly and frustrating new season
ahead for Canadian timber companies, which can expect to pay hundreds of
millions of dollars …
Go to Source