Posts Tagged ‘ottawa’

Harper says still plans balanced budget by 2015 election

by on November 16, 2012 5:51 pm BST
OTTAWA | Fri Nov 16, 2012 12:51pm EST OTTAWA Nov 16 (Reuters) - Canadian Prime Minister Stephen Harper said on Friday he still plans to balance the government's budget by the next election in October 2015, even though the Conservative government's formal forecast this week showed deficits until 2016-17. "It remains the government's plan, intention, to

Disbelief as Buzzard oilfield shuts, again

by on November 12, 2012 7:32 pm BST
Nexen, the Canadian-based operator of the 200,000 barrel per day North Sea field, said it suffered a power outage on Sunday but had returned to service on Monday, Reuters reported."We're back on line right now and oil exports (are) expected later today," Nexen spokeswoman Patti Lewis said according

Canadian growth on track despite August GDP weakness – Flaherty

by on October 31, 2012 1:40 pm BST
OTTAWA | Wed Oct 31, 2012 9:40am EDT OTTAWA Oct 31 (Reuters) - Canada's economic growth remains on track for the year despite unexpectedly weak gross domestic product data for August, Finance Minister Jim Flaherty said on Wednesday. "We're going to see some variations, but overall, for the year we are on track with

Canada extends Petronas-Progress review

by on October 5, 2012 9:05 pm BST
The unexpected delay comes as Ottawa also vets a $15.1 billion offer for Nexen by CNOOC Ltd, the Chinese state-controlled company, a deal that has been slammed both by Canada's main opposition party and from some within Conservative Prime Minister Stephen Harper's own government.Most analysts have said they