The strength in commodities helped the benchmark Canadian index do better on Friday than U.S. stocks, which were in the red. "Oil is the single biggest story," said John Stephenson, senior vice president at First Asset Investment Management. "It explains the outperformance of Canada versus the United States." Stephenson said he expects the diminishing spread between the price of Western Canada Select and the West Texas Intermediate crude oil benchmark, as well as a recent rally in oil prices to drive energy stocks. "There's tremendous potential for further gains since you have several factors working in its favor," he said. The Toronto Stock Exchange's S&P/TSX composite index was up 35.86 points, or 0.28 percent, at 12,664.71. Seven of the 10 main sectors on the index were higher.
Canada announced funding to help more women get elected in click here. Middle East and North African nations undertaking democratic reforms.AFP/File OTTAWA (AFP) Canada announced funding Thursday to help more women get elected in Middle East and North African nations undertaking democratic reforms. Two projects being awarded a total of Can$971,200 (US$932,285) include training in campaign management, and coaching candidates on how to get their message across to the electorate. While women are present in national assemblies and legislatures throughout the Middle East and North Africa, Ottawa says their rights and interests are often inadequately addressed. "Women's participation in decision-making processes is essential to ensure that democracies are truly representative of their populations," said Minister of State for Foreign Affairs Lynne Yelich. "Canada will continue to support the development of women's leadership skills and increase their active participation in elections so that more qualified women will be elected.
The forces holding down inflation include material slack in the economy, small wage increases and stronger competition among retail companies, according to the central bank. Its largely what the bank has baked into its forecast, said Dawn Desjardins , assistant chief economist at Royal Bank of Canada in Toronto. Inflation will be upward from here, I dont think its going to go screaming higher, said Desjardins, who predicts the central bank will keep blog url lending rates unchanged until the second half of next year. The Canadian dollar declined 0.1 percent to C$1.0386 per U.S. dollar at 9:34 a.m. in Toronto.
Photograph by: Ryan Remiorz, The Canadian Press , Postmedia News The Transportation Safety Board of Canada says original site Transport Canada is making "little or no advancement" in fixing some key safety risks plaguing air, rail and marine transportation. The annual Transportation Safety Board report, tabled in Parliament on Wednesday, highlighted numerous safety concerns and problematic statistics affecting the various modes of transportation, including pipelines, but particularly regarding the aviation industry. "Looking ahead, we want to see a more concerted effort from (Transport Canada) and from our marine, rail, and aviation industries," said the 2012-2013 continue report, submitted to Conservative government House Leader Peter Van Loan on June 19, 2013. "We'll monitor what happens, too, making the results public so that all Canadians can see progress when it's go!! made - and when it isn't."The report's release also coincided with new calls on Friday from the board for an urgent review of rail safety, in the wake of the Lac-Megantic runaway train disaster that claimed dozens of lives earlier this month in the small Quebec town. Transport Minister Lisa Raitt "has directed Transport Canada officials to review these (recommendations) on an expedited basis," spokeswoman Ashley Kelahear said, referring to the board's latest response to the Quebec disaster, calling for a review of measures to secure trains and unattended equipment on tracks. The House of Commons transport committee is also being asked to hold hearings next week on rail safety in response to a request by NDP transport critic Olivia Chow. In terms of pipelines, the board's report listed 173 incidents in 2012, up from 167 in 2011 and well above the five-year average of 116.