Canadians could be shipping their oil to the U.S. after all and will find it easier to cross the border after the re-election victory of President Barack Obama and a vote in Michigan.
Prime Minister Stephen Harper said while sharing “one of the closest and most extensive relationships in the world,” he wants Canada and the U.S. to “continue finding ways to increase trade and investment flows.”
Some Canadian politicians were quietly pulling for Republican challenger Mitt Romney based on his commitment to approve the stalled Keystone XL pipeline to ship Alberta oil to Texas.
Although Obama deferred a decision on the pipeline until after the election, Canada’s Natural Resources Minister Joe Oliver said he expects the project will go ahead because it’s in the “national interest” of the U.S.
Harper said he was “very pleased” that voters in Michigan supported a Canadian-financed $1 billion project to build a second bridge between Windsor, Ontario and Detroit, Michigan.
Canada and the U.S. have the world’s largest trading partnership with some $2 billion in goods and 400,000 people crossing between the two countries every day.
Canada’s largest drug store chain has temporarily shelved the playing of Christmas music after protests.
A Facebook campaign prompted Shoppers Drug Mart to temporarily suspend the playing of all Christmas music in its 1,181 stores.
More than 2,600 people commented in several hours after an initial Facebook posting saying early November was much too early for Yuletide tunes.
“We’ve always started our Christmas music around this time of year ... after Halloween you move into the next holiday,” said Tammy Smitham, vice president of communications.
“What we decided to do is delay it by a couple weeks and sort of play it by ear and align it close to the holidays,” she added.
News in brief
Facts and figures
Canada’s dollar has dipped to below parity with the U.S. current to 99.96 cents U.S. on Friday while the greenback has advanced to $1.0003 Canadian before bank exchange fees.
The Bank of Canada’s key interest rate remains at 1 percent while the prime-lending rate is 3 percent.
Stock markets are lower, with the Toronto exchange index at 12,195 points and the TSX Venture index at 1,301 points.
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