Climate change to cost Canada billions: panel
OTTAWA (Reuters) ? Climate change will cause damage in Canada equivalent to around 1 percent of GDP in 2050 as rising temperatures kill off forests, flood low-lying areas and cause more illnesses, an official panel said on Thursday. The National Round Table on the Environment and the Economy said Canada's Conservative government - strongly criticized by green activists for not doing enough to fight global warming - should take measures to mitigate the effects of climate change, blamed on greenhouse gas emissions.
Autos, Canadian dollar help lift August producer prices
OTTAWA (Reuters) - Higher motor vehicle prices unexpectedly pushed up the Canadian producer price index in August by 0.5 percent, Statistics Canada said on Thursday. A depreciation of the Canadian dollar against its U.S. counterpart in the month helped raise vehicle and transport equipment prices by 1.7 percent.
Union claims Keystone XL's Canadian permit expired
CALGARY, Alberta (Reuters) - Canada's energy regulator said on Wednesday it is looking into a complaint that TransCanada Corp's permit to build the Keystone XL oil pipeline within its own borders has expired, adding the prospect of more delays to a project environmentalists hope to block. The Communications, Energy and Paperworkers Union of Canada, which opposes the $7 billion oil pipeline to Texas from Alberta, contends TransCanada had not begun construction of the project by March 11, 2011, as spelled out in the permit the National Energy Board granted in March 2010.
Minority, coalition are options in Ontario vote
TORONTO (Reuters) - Polls point to a minority government in Canada's economic powerhouse of Ontario after provincial elections next week, amid disillusionment with the ruling Liberals and disappointment with their main rivals. A landmark poll of 40,000 voters released over the weekend showed a tie between the Liberal and Progressive Conservative front-runners, with 35 percent voter support apiece.
Canada will be flexible on policy if shock hits
OTTAWA (Reuters) - Finance Minister Jim Flaherty said on Wednesday he would adjust fiscal policy if the economy is hit by a global shock, while renewing his call for European leaders to take urgent measures to solve the euro zone debt crisis. "As the prime minister and I have said, if we get a shock from outside our country, then we will have to be responsive and we'll be flexible and pragmatic," Flaherty told reporters.
Canada boy, treated in U.S. after hospital refuses, dies
ST. LOUIS (Reuters) - A 20-month-old Canadian boy with an incurable neurological disorder whose life was extended in the United States after a Canadian hospital declined further treatment, has died at his Ontario home, a family spokesman said on Wednesday. The plight of the boy, known as Baby Joseph, drew attention in both countries, where end-of-life issues including abortion and euthanasia have stirred passions and political activism.
Home price index hits record high in July
TORONTO (Reuters) - Resale home prices rose to a record high in July, their eighth consecutive monthly gain, according to report on Wednesday that an analyst said signaled a gradual slowdown in a strong market. The monthly report on the Teranet-National Bank Composite House Price Index, which measures price changes for repeat sales of single-family homes in six metropolitan areas, showed overall prices were up 1.3 percent in July from June.
Canada tries again to update copyright legislation
OTTAWA (Reuters) - Canada will reintroduce copyright legislation on Thursday as it grapples with the realities of the Internet age and tries to balance the demands of consumers with concerns from the movie industry. The legislation, first introduced ahead of the federal election in May, is designed to cope with things like movie piracy, which the Canadian Motion Picture Distributors Association put at more than C$1.8 billion ($1.7 billion) in 2009-10, or the equivalent of 12,600 full-time jobs.
Government spending seen in line with budget plan
OTTAWA (Reuters) - The Canadian government's spending from April through June was "generally consistent" with the 2011 budget, the office of the parliamentary budget officer said on Tuesday. Total expenditures in the quarter rose 1 percent to almost C$60 billion ($59 billion), compared with the same period in 2010, the office said in its quarterly expenditure monitor.
Flaherty mum after meeting on economy
OTTAWA (Reuters) - Finance Minister Jim Flaherty discussed the global economy with Prime Minister Stephen Harper and the head of the Bank of Canada for 45 minutes on Tuesday but did not comment afterward. Flaherty and Bank of Canada Governor Mark Carney were in Washington for a meeting of the Group of 20 leading and emerging nations last week. Harper was in New York on a separate trip.
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