OTTAWA - Canada is maintaining its triple-A credit rating thanks to a steady economic outlook, but the country also faces potential risks amid mounting household debt and climbing house prices, Moody's Investor Service said.
Ottawa's Capital Pride said Monday the organization has no choice but to declare bankruptcy, months after several suppliers announced that they hadn't been paid. The festival organizersÂ had announced in September they were investigating "accounting irregularities" in a post-festival review of finances. "The Board of Directors has been working very hard for the last two months to find a viable solution to enable Capital Pride to continue its operations for the sake of the Pride movement, the LGBTQ community and Ottawa residents, but with no success.
By Nia Williams CALGARY Alberta (Reuters) - Spot crude-by-rail volumes are down in Canada as traders and marketers including Glencore PLC are deterred by stronger heavy oil prices that have erased arbitrage opportunities to ship cheap crude from landlocked Alberta to higher-priced U.S. markets, industry sources said. Since early August, heavy Canadian crude's discount to U.S. futures has narrowed to about half of what it was last year, barely covering rail shipping costs, mainly due to extra demand to fill Enbridge Inc's new pipeline to flow the Canadian glut to U.S. Gulf Coast refining hub. ...
ABUJA, Nigeria - There is cautious optimism in Nigeria Monday over local reports that the more than 200 abducted Nigerian schoolgirls may soon be released soon as part of a cease-fire agreement with the country's Islamic rebels, Boko Haram.