Posts Tagged ‘chinese president hu jintao’

CA-CANADA Summary (Reuters)

Asia a priority for Canada after U.S. delays Keystone

HONOLULU, Nov 13 (Reuters) – Canadian Prime Minister Stephen Harper said he will step up efforts to supply energy to Asia after Washington delayed a decision on whether to approve a new oil pipeline from Canada to the United States. In a subtle warning to Washington, Harper told Chinese President Hu Jintao that providing energy to Asia was an important priority for Canada.

Canada will not give up on U.S. to approve Keystone

HONOLULU (Reuters) – Canadian Prime Minister Stephen Harper vowed on Sunday to keep pressure on the United States to approve the $7 billion Keystone pipeline project to ship crude oil from Alberta to Texas. After meeting with President Barack Obama at an Asia-Pacific leaders forum, Harper said his government will not give up on the project.

U.S. punts tricky pipeline decision past 2012 election

WASHINGTON (Reuters) – The U.S. government on Thursday delayed approval of a Canada-to-Texas oil pipeline until after the 2012 U.S. election, bowing to pressure from environmentalists and sparing President Barack Obama a damaging split with liberal voters he may need to win reelection. The decision to explore a new route for TransCanada Corp’s Keystone XL oil pipeline to avoid fragile territory in the Sand Hills of Nebraska dismayed the Canadian government, which had lobbied assiduously for the $7 billion project.

Canada’s tiny Arctic port faces uncertain future

WINNIPEG, Manitoba (Reuters) – Every summer for three months, the Hudson Bay ice breaks up and ships load Canadian Prairie grain for export, putting more than 100 people to work in the tiny northern Manitoba town of Churchill. The town of just 900 – well known for the polar bears that often wander through its streets – is Canada’s only Arctic port. But that key driver of the local economy could become as endangered as the polar bear next year when the Canadian Wheat Board, the port’s biggest shipper, loses its monopoly on marketing Western Canadian wheat and barley.

Saskatchewan re-elects government; potash royalties firm

WINNIPEG, Manitoba (Reuters) – Brad Wall’s Saskatchewan Party romped to the biggest election victory in decades on Monday in the resource-rich western Canadian province, promising to leave potash royalties unchanged for the next four years. Saskatchewan holds one of the world’s richest reserves of potash — a mineral mined to fertilize crops — and royalties typically add hundreds of millions of dollars to the provincial treasury each year.

State Dept eyes rerouting Keystone XL pipeline

WASHINGTON (Reuters) – The State Department is considering rerouting TransCanada Corp.’s proposed $7 billion Keystone XL pipeline to avoid ecologically sensitive areas of Nebraska, a U.S. official said on Tuesday. The State Department has been weighing issues raised in public meetings and talks with officials in six states that would be affected “including whether to consider a rerouting of the Keystone XL pipeline away from an environmentally delicate area of Nebraska,” the official said.

Unions ground Air Canada’s low-cost carrier plan

TORONTO (Reuters) – Months of labor conflict have stalled Air Canada’s plans for a low-cost carrier, but Canada’s biggest airline says it has not given up the idea. Air Canada, which teetered on the edge of bankruptcy two years ago, has struggled to bring down costs and turn consistent profits, and Chief Executive Calin Rovinescu says the low-cost leisure market is too good an opportunity to ignore.

Canada defiant after U.S. oil pipeline rebuff

OTTAWA/CALGARY (Reuters) – Canada will keep promoting crude from the tar sands of northern Alberta as a secure source of energy despite a U.S. decision to delay approval of a pipeline to carry the oil from Alberta to Texas, officials said on Thursday. The Canadian government and the oil industry have limited options, however, as another controversial proposal to build a pipeline to export tar sands crude to Asian markets is just at the beginning of a lengthy review process.

Canada new home prices up 0.2 percent in September

OTTAWA (Reuters) – New home prices in Canada increased by 0.2 percent in September, the sixth consecutive month-on-month rise, on continued strength in the heavily-populated Toronto area, Statistics Canada said on Wednesday. The growth in the new housing price index matched analysts’ expectations. Prices rose 2.3 percent in the 12 months to September and since mid-2010 have been well above the pre-recession levels of 2008.

Bank of Canada’s 2 percent inflation target renewed

OTTAWA (Reuters) – The government and the Bank of Canada agreed on Tuesday to renew without change the central bank’s five-year mandate to target a 2 percent overall inflation rate. That contrasts with the dual mandate of the U.S. Federal Reserve to target inflation and employment. The Bank of Canada had examined and rejected the idea of lowering the inflation target and also of targeting price levels instead.

Source: http://us.rd.yahoo.com/dailynews/rss/energy/*http%3A//news.yahoo.com/s/nm/20111114/wl_canada_nm/canada_summary

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Obama In Hawaii For APEC Summit, Economic, Trade Discussions With Asia Leaders

HONOLULU — President Barack Obama heads into a day of heavy diplomacy in his native Hawaii with some of the United States’ most important and complicated allies, the start of a nine-day tour of the crucial and growing Asia-Pacific region.

Obama, who arrived late Friday after flying from San Diego, was to meet Saturday on the sidelines of a U.S.-hosted economic summit with Chinese President Hu Jintao, Russian President Dmitry Medvedev and Japanese Prime Minister Yoshihiko Noda.

Trade was also at the top of the agenda as Obama was to meet with leaders from eight Asian nations that are the U.S. partners in an ambitious but not-yet-completed free trade deal the U.S. hopes will one day be the anchoring pact for the region.

That emerging pact and its potential payoff for U.S. jobs and business will allow Obama to cast his far-flung travels as crucial to U.S. voters with an election year approaching and concerns of domestic voters centered on the dragging economy. With Obama pledging to double U.S. exports, the White House hopes to show progress at the summit on the deal, the next trade focus for the administration following long-delayed approval of a free-trade agreement with South Korea.

Obama also was to meet with U.S. business leaders Saturday to highlight the importance for interests back home of the Asia-Pacific region. The 21 nations that make up the Asia Pacific Economic Cooperation forum account for 44 percent of world trade, and American business leaders are working eagerly to boost ties with them.

“The trade that the U.S. does with the Asia Pacific supports millions of American jobs,” Ben Rhodes, a White House deputy national security adviser, said ahead of Obama’s trip, laying out a theme certain to be heard from Obama’s advisers until the president returns to Washington Nov. 20. “The markets that are growing in the Asia Pacific are ones that we want to be competitive in going forward.”

Japan has indicated interest in joining the other eight nations negotiating with the U.S. on the Trans-Pacific Partnership, though hurdles remain, and that is sure to be a topic when Obama has his first meeting with Noda, who took office in September.

In Hu and Medvedev, Obama encounters two leaders with whom he’s sought close relations despite fraught histories between the U.S. and those countries, with disagreements on human rights, territorial disputes, economics and other issues. For the president, the challenge is to maintain those ties while also pushing U.S. priorities.

It’s Obama’s first meeting with those leaders since release of a report by the International Atomic Energy Agency saying for the first time that Iran is suspected of conducting secret experiments whose sole purpose is the development of nuclear arms.

For the U.S., the report offered significant support for some long-held suspicions and lent international credence to claims that Tehran isn’t solely interested in developing atomic energy for peaceful purposes. Secretary of State Hillary Rodham Clinton said Friday in Honolulu that Iran must respond soon to the findings.

U.S. officials have said the IAEA report is unlikely to persuade reluctant powers such as China and Russia to support tougher sanctions on the Iranian government. But Obama’s talks with Hu and Medvedev on that issue and others, including North Korea and China’s currency, which the U.S. believes China manipulates to the detriment of U.S. interests, were sure to be closely watched.

Throughout, Obama will be aiming to keep the focus on U.S. jobs, the interest for American voters far and above anything else. And it’s all happening on the president’s turf, his hometown of Honolulu, which the White House says he chose for the APEC summit to underscore his commitment to the U.S. being a key player in the Asia-Pacific.

Obama will be in Honolulu through Tuesday, when he leaves for Australia before ending his trip in Indonesia, the country where he spent several years as a boy. He will attend a security summit of Asian nations.

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Source: http://www.huffingtonpost.com/2011/11/12/obama-hawaii-apec-economy-trade-asia_n_1089891.html

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