Higher Alberta oil costs drag CNOOC profit 9% lower
State-owned CNOOC, which made China's biggest-ever overseas energy acquisition last year, said Friday that annual profit fell 9.3 percent because of higher costs for exploration and for operating in Canada's oil sands. more »
As debate on the federal budget begins in the House of Commons, Finance Minister Jim Flaherty and other cabinet ministers have fanned out across Canada to sell the merits of their 2013 Economic Action Plan. more...Read Full Story
Canadian Finance Minister Jim Flaherty (Photo credit: Wikipedia)
The Honourable Jim Flaherty, Minister of Finance, today introduced the Economic Action Plan 2013 Act, No. 1. The Act proposes...
StarBuzz from Toronto. Diversity Gossip, films Bollywood, Lifestyle & EntertainmentRead Full Story
National PostHarper urges Obama to work with Congress to avoid fiscal cliffNational PostFiscal cliff will plunge Canada into recession: Flaherty. Finance Minister Jim Flaherty says U.S. politicians need to get to work quickly on putting together a fiscal compromise that will avoid an economic crisis. Flaherty says failure to reach a fiscal deal before ...You need to work with Congress, Harper tells ObamaGlobe and MailHarper on the United StatesMacleans.caHarper congratulates ObamaToronto...Read Full Story
Housing prices rose by as much as 4.8% in the third quarter in Canada, and they have doubled over the past 12 years. These figures have fueled talks of a bubble in major Canadian housing markets, namely Toronto and Vancouver. Ottawa has previously acknowledged the issues and has taken various measures over the past few years to cool off the market and prevent a major breakdown.
On Thursday, finance minister Jim Flaherty told reporters that in fact he does not think there is a bubble, or even...Read Full Story
Wall Street Journal (blog)Canada's Flaherty Softens his Euro-Zone CommentsWall Street Journal (blog)By Paul Vieira Canadian Finance Minister Jim Flaherty on Friday toned down his frequent criticism of the euro zone's handling of its debt crisis, tentatively endorsing an idea to give Greece more time to meet fiscal targets tied to its bailout package.Reform delay decriedOman Daily ObserverIMF chief urges greater focus on putting unemployed back to workToronto StarGermany holds firm on Greece...Read Full Story
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