Harper: Canada Won’t Accept Rejection Of Keystone
This wont be final until its approved and we will keep pushing forward, Harper said. The prime minister made the same point in French, to drive home his message before a business audience in New York City. The pipeline has faced fierce opposition from environmentalists, who say it will spur further development of Albertas oil sands. And the route itself had to be redrawn around sensitive lands in Nebraska. But Harper said the hurdles now facing the project are just politics . I remain an optimist, notwithstanding politics, that when something is so clearly in everybodys interests, including our interests as Canadians and the national interests of the United States, Im of the view it has to be approved, Harper told the Canadian American Business Council. But if the project is rejected, Harper suggested that Canada will simply wait in hopes that the administration will change its minds. Ultimately over time, bad politics make bad policy. I believe in strong, advanced countries and economies like ours. Bad policies ultimately get reversed so, as I say, I remain optimistic, he said. As his government has done before, Harper touted what he said are the compelling benefits of the project, including jobs and energy self-sufficiency for North America. He said that would reduce dependence on imports from politically unstable places, places that are often in political conflict with the United States. Harper said the Keystone debate has opened Canadians eyes to the need to diversify its energy exports away from the U.S., where nearly all of it goes now. Heres our critical and most valuable set of exports and theres been no attempt at diversification at all, Harper said. The prime minister noted ongoing pipeline proposals to move Alberta oil both east to Central Canada and west for possible export to Asia, and said that world demand for crude would ensure the projects become a reality. Obviously well work closely with potential markets and with our industries to do what we can to make sure that these go ahead, he said. If I were an American, I would be saying the last thing I would want to see is Canada sell its oil anywhere else, he said.
Somali jihadists recruit in U.S., Canada, Europe
Transfers have been growing by 6 percent a year and will continue to do so until 2016-17, but after that they will increase in line with average growth in nominal gross domestic product, which is expected to be lower. The budget office said the change to the so-called Canada Health Transfer “has transferred the fiscal burden to provinces and territories”. “PBO estimates that the debt path of other levels of government is not sustainable and will continue to rise, reaching 359.9 percent of GDP by 2087,” it said. The PBO defines a government’s debt as sustainable if the debt-to-GDP ratio is projected to return to its current level over a 75-year horizon, taking into account pressures from an aging population and other considerations. The fiscal gap of other levels of government – lumping together provinces, territories, municipalities and aboriginal governments – is 1.9 percent of GDP, it estimated. That means these governments combined would have to increase revenues, reduce spending or a combination of both by C$36.2 billion this year to set their finances on the right track, the report said. A spokeswoman for federal Finance Minister Jim Flaherty defended the transfer policy, saying Ottawa’s payments would continue to increase every year to record levels. “Our government has announced long-term, stable funding arrangements with the provinces that will see health transfers reach historic levels of C$40 billion by the end of the decade,” spokeswoman Kathleen Perchaluk said. The PBO report did not single out individual provinces. Ontario, the most populous provinces, is one of the most indebted. Other major economic players Quebec, Alberta and British Columbia have also been tackling deficits in recent years. Ontario ran a deficit in the 2012-13 fiscal year of C$9.2 billion, according to the latest official figures. That is expected to widen to C$11.7 billion in 2013-14. Ontario’s Liberal government has pledged to balance the budget by 2017-18.
Canada shifts debt-reduction burden to provinces -budget officer
A Kenyan police security officer runs for cover as heavy smoke rises from the mall on September 23. A paramedic runs for cover outside the mall on September 23. People run for cover outside the mall after heavy shooting started on September 23. Kenyan security forces crouch behind a wall outside the mall on September 23. Soldiers take cover after gunfire near the mall on September 23. Kenyan paramilitary police officers patrol the area near the mall on Sunday, September 22. Soldiers from the Kenya Defense Forces arrive outside the Westgate Mall on September 22. A woman shields a baby as a soldier stands guard inside the Westgate Mall on Saturday, September 21. A rescue worker helps a child outside the mall. People who had been hiding inside the mall during the gunfire flee the scene. An armed official takes a shooting position inside the mall. An armed official crouches on September 21. Bodies lie on the ground inside the mall. Men help a wounded woman outside the mall. Officials carry an injured man in the mall.