Canadian Budget for Feb. 3, 2012
February 03, 2012, 4:36 PM EST
By Bloomberg
(Bloomberg News moves a Canadian budget every weekday. Additions follow throughout the day as needed. All times are Eastern unless otherwise noted. Please check your queues for possible updates.)
Top Canadian Stories
CANADA-JANUARY-EMPLOYMENT -- Canada’s unemployment rate rose to a nine-month high in January as the trend of sluggish job creation that began in the second half of last year continued. 900. Moved 15:00. By Greg Quinn.
CATERPILLAR-CANADA-PLANT -- Caterpillar Inc., the largest construction and mining-equipment maker, plans to close a Canadian locomotive plant that employs about 800 people after failing to reach an agreement with locked-out union members. 750. Moved 15:00. By Shruti Date Singh.
GENWORTH-HOUSING -- High-end housing markets in Toronto and Vancouver may see corrections, said Stuart Levings, chief risk officer at Genworth MI Canada Inc., a mortgage insurer. 450. Moved 12:00. By Doug Alexander.
CANADA-BUDGET-CAP -- Canada may need to raise the federal housing agency’s limit on mortgage insurance by 25 percent to C$750 billion ($755 billion) in the next budget to meet demand, according to Bank of America Corp. 600. Moved 15:15. By Greg Quinn.
COPPER-FOX-SHARES-MOVER -- Copper Fox Metals Inc., owner of a mining project in British Columbia, rose the most in two weeks after reporting test results from four exploratory drill holes at its Schaft Creek property. 300. Moved 12:45. By Liezel Hill.
OIL-SANDS-MONITORING -- The governments of Canada and the province of Alberta will increase air and water testing as part of a push to increase monitoring of pollution from Alberta’s oilsands amid environmental degradation and record investment. 300. Moved 15:00. By Jeremy van Loon.
CONTANGO-ENERGY-MARKETS -- Oil in America has become so plentiful that crude for future delivery is the most expensive in three months compared with supplies today. 1050. Moved 14:15. By Aaron Clark and Grant Smith.
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