National

The Watergate scandal in the U.S. in the early 1970s began with a break-in at the Democratic National Committee headquarters and eventually resulted in the resignation of President Richard Nixon.
Will Canada’s version of “All the Prime Minister’s Men” take a similar path? It should.

VANCOUVER—Less than two years ago, the head of the RCMP said Canada’s new polymer bank notes would go a long way in deterring the threat of counterfeiting.
Just last month, the Bank of Canada announced the notes’ sophisticated transparency and holography made them “the most secure bank note series ever issued” by the institution.

OTTAWA—Senator Mike Duffy resigned last night from the Conservative caucus to sit as an independent amid a controversy over his housing claims, leaving a trail of unanswered questions about the expenses and why the prime minister backed him for so long.

OTTAWA—Canada’s inflation story is fast becoming one about disinflation.
Statistics Canada reported today that the annual rate fell an astonishing six-10ths of a point to 0.4 pe cent last month—the lowest it’s been since October 2009—as gas prices plunged by six percent and many other consumer goods registered outright declines.

TORONTO—Two months after their much-celebrated arrival, a pair of giant pandas on loan from China made a discreet debut yesterday at the Toronto Zoo, though only one of them seemed to embrace the spotlight.
Da Mao, the four-year-old male, strutted outside and ate bamboo—basking in the attention from dozens of guests at an invitation-only event.

OTTAWA—An earthquake centered northwest of Ottawa rattled buildings and nerves across a wide swath of Ontario and Quebec this morning.
Earthquakes Canada again revised its original report Friday, saying it registered a 5.2-magnitude temblor.
The epicentre was located about 17 km northeast of Shawville, Que., about an hour’s drive outside the nation’s capital.

WINNIPEG—Elijah Harper, who became a symbol of power for Canadian aboriginals when he helped scuttle the Meech Lake constitutional accord, has died.
Harper’s family said he died this morning of cardiac failure due to diabetes complications.
Harper, who was 64, was a politician and aboriginal leader for much of his life, and was best-known for his role in blocking the accord in 1990.

TORONTO—The Liquor Control Board of Ontario has reached a tentative contract agreement with its workers—just hours before a midnight strike deadline.
Details won’t be released until after the LCBO board studies the agreement and the employees conduct a ratification vote.

Canadian home prices continued to rise in April even as year-over-year sales fell three percent, according to the latest industry data that has left economists divided over whether the market can count on a soft landing.

OTTAWA—Incoming Bank of Canada governor Stephen Poloz already is getting advice on what to do once he takes charge next month—start hiking interest rates.