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Canadians can bank on low interest rate environment for years to come: Poloz

OTTAWA — Canadians can expect to enjoy relatively cheap borrowing costs for some time to come — perhaps years — even after the economy returns to full capacity and the Bank of Canada starts hiking interest rates, bank governor Stephen Poloz said Thursday.

The central banker told a luncheon in Saskatoon that the economy has room to grow before it can be considered to be firing on all cylinders, but even when it does — likely sometime in early 2016 — Canadians shouldn’t expect a sudden increase in interest rates to fight inflation. READ

Temporary foreign workers program has boosted joblessness: report

A new report by the C.D. Howe Institute is harshly critical of the federal government’s controversial temporary foreign workers program, saying it has spurred a higher unemployment rate in western Canada. READ

Alberta, Ottawa spend $1.35 million to keep province free of deadly pig virus

The federal and Alberta governments are spending $1.35 million on a plan to help keep diseases that kill pigs out of the province. READ

Cdn oil and gas look good to Europe amid Ukraine troubles: Polish ambassador

The Polish ambassador to Canada says the Russian invasion of Crimea is making Alberta’s oil and gas more attractive in European capitals. READ

In terms of the employment rate, Canada far from first in G7 during the recovery

Finance Minister Joe Oliver and his predecessor have been fond of trumpeting Canada’s economic and job creation performance since the recession, claiming it is unequalled among the Group of Seven large industrialized nations. READ

McDonald’s restaurants put foreign worker program on hold, conducts audit

McDonald’s Canada is putting its temporary foreign workers program on hold while a third party conducts an audit on its use of the plan. READ

Ottawa phases out unsafe rail tank cars

The federal government is ordering the 5,000 most dangerous tank cars off the rails as it adopts the major rail safety recommendations of the Transportation Safety Board in the wake of the tragedy last summer in Lac Megantic. READ

Pipeline delay will only hurt

HALIFAX — The U.S. government’s decision to stall the Keystone XL pipeline project will harm American energy security and the economies of both the U.S. and Canada, says the federal finance minister. READ

Hancock to meet with PM Harper next week to discuss Keystone pipeline

Alberta Premier Dave Hancock will meet with Prime Minister Stephen Harper in Ottawa next week to talk about the Keystone XL pipeline. READ

Ottawa must keep cap on ’reckless’ spending over next year: finance minister

Finance Minister Joe Oliver says he plans to resist pressures to stimulate the economy with federal money as Ottawa remains focused on bringing in a balanced budget next year. READ

TransCanada says customers remain fully committed to Keystone XL, despite delay

TransCanada Corp. says its customers are still “100 per cent” behind its proposed Keystone XL oil pipeline, despite dimming prospects that shovels will be hitting the ground any time soon. READ

U.S. pipeline workers blast Obama administration for delaying Keystone XL

American pipeline workers are blasting a decision to delay the Keystone XL process, saying the move by the Obama administration has erased a few thousand high-paying jobs this summer. READ

Action will mean payoff for youth

OTTAWA — A respected American labour specialist says governments, educators and employers should work together to boost the number of apprenticeships for young Canadians in a collaborative approach that would yield “significant payoffs.” READ

No Keystone XL pipeline this year, following new delay

The Keystone XL pipeline project appears paralyzed for another year, with the U.S. administration announcing another delay in a process already beset by political and legal challenges. READ

Maple Leaf shutters wiener facility, shifts production

TORONTO — Maple Leaf Foods Inc. (TSX:MFI) has closed its wiener production plant in Hamilton as part of a broader plan to move the operations to a bigger plant in the same city. READ

Scotiabank sees slow growth in housing; modest drag on economy

TORONTO — Scotiabank says Canada’s housing market is in the process of transitioning to slower growth and will remain on a “subdued trajectory” over the next several years, imposing a modest drag on output growth as the effects make their way through the broader economy. READ

Canadian government scolds Jimmy Carter over pipeline position

The Keystone XL pipeline issue has created a tiff between a former U.S. president and the Canadian government. READ

Studies suggest public unsure of energy industry benefit

Public opinion research contracted by Ottawa suggests the pro-resource-development Conservative government has not yet convinced Canadians of the national benefits of the energy industry. READ

Canadian home sales in March rise 4.9 per cent from year ago

The Canadian Real Estate Association says the number of homes sold last month was up 4.9 per cent compared with the same month last year, but remained below the 10-year average. READ

Canucks owners join aboriginal businessman to pitch pipeline for B.C.

VANCOUVER — An aboriginal businessman and former motivational speaker has teamed with the British Columbia billionaires best known for their ownership of the Vancouver Canucks to pitch an alternative to the struggling Northern Gateway pipeline. READ

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