Saturday, June 4, 2011

RCI Cyberjournal

Edition 3 June 2011
Canadian International Financial Sports Weather
Canadian

OTTAWA: GOVT. STICKS TO COMMITMENTS IN THRONE SPEECH

Canada's governor-general, David Johnston, on Friday delivered the Speech from the Throne in Parliament in Ottawa as parliamentarians began their first working day of the new session of the House of Commons. The Throne Speech outlines the governing Conservative Party's agenda for the coming session. Prime Minister Stephen Harper repeatedly said in advance that the agenda would largely contain the same proposals that his party was promoting before his government was brought down by opposition parties earlier this year and an election called. In the Throne Speech, the governing Conservative Party again proposed to abolish government subsidies to political parties, to reform the Senate, to abolish the registry for long guns, to strengthen anti-crime legislation, and to abolish the Canadian Wheat Board, the agency that arranges the transport and sale of Canadian grain. Governor-General Johnston also spoke about encouraing international trade, especially with Canada's main trading partner the United States. The Throne Speech also proposed to reduce the deficit and balance the federal budget by 2015. On Monday, Finance Minister Jim Flaherty will present his federal budget. It's expected to be virtually the same as the one that failed to pass in the previous session of Parliament. Mr. Harper won a majority government for the first time in the latest election, which means that his party can pass bills without the help of opposition parties. For the first time, the New Democratic Party led by Jack Layton is forming the official opposition. Mr. Layton hopes that the rudeness that characterized exchanges between the government and opposition parties in the previous parliament will change to a more civil tone that encourages useful debate.



OTTAWA: COMMONS GETS YOUTHFUL SPEAKER

Canada's House of Commons has its youngest speaker ever. Thirty-two-year-old Andrew Scheer, a former deputy speaker, was elected by Members of Parliament to the position. The largely ceremonial job includes a salary of $233,000, a car and driver, a country estate, and an apartment just above the House of Commons.



OTTAWA: POSTIES TO STAGE 2ND ROTATING STRIKE

The union that represents 50,000 Canada Post workers will stage a second rotating strike this weekend in Hamilton, ON. The first 24-hour strike began late Thursday evening in Winnipeg, MB. The Canadian Union of Postal Workers has given no indicates when the one-day stoppages will stop. The priority for the employer in the so far fruitless contract negotiations has been cost reduction. Canada Post points out that its letter-mail business has fallen by more than 17 per cent since 2006 because of competition from digital communications. The union wants improvements to what it considers a dangerous workplace.



OTTAWA: INSPECTORS WATCH FOR DEADLY BACTERIA FROM EUROPE

The Canadian Food Inspection Agency will examine incoming shipments of cucumbers, lettuce and tomatoes from the European Union to check for deadly E. coli bacteria. The toxic strain has sickened at least 1,600 people, mainly in Germany, and claimed the deaths of at least 18 others. Produce from European countries accounts for less than one per cent of total Canadian imports of produce from all countries.



REGINA: GLOBAL WARMING SUSPECTED CAUSE OF WESTERN TURBULENCE

Experts are launching a study of climate change on rural agricultural communities across the western Canadian provinces of Manitoba, Saskatchewan and Alberta. This year has seen a mix of storms, floods, droughts and forest fires across the three Prairie provinces. University of Regina scientist David Sauchyn says evidence suggests more violent storms because of global warming. The five-year study is being done in collaboration with a team looking at similar agricultural regions in Chile, Argentina, Columbia and Brazil.



DELTA BEACH: WAVES DID HEAVY DAMAGE TO LAKE PROPERTY

Early estimates indicate that rain and high waves inflicted serious damage on 550 properties on the banks of Lake Winnipeg on Tuesday. More than 300 residents had to be evacuated from the rural municipality of St. Laurent, where cottages and homes were washed off their foundations and roads were washed out. The area along the lake's south shore will be closed for another week. Lake levels have been high because water from the swollen Assiniboine River has been channelled north through the :Portage Diversion. Manitoba Emergency Measures Minister Steve Ashton says the province's flood compensation program will be flexible to recognize the severe damage done to some cottages.



OTTAWA: RUSSIA, CANADA TO INCREASE AEROSPACE CO-OPERATION

Russia Intergovernmental Economic Commission meeting. It took place in Ottawa this year. The two sides agreed that the Aerospace Industries Association of Canada and Russia's Union of Aviation Industrialists will work together to find ways to make their industries more globally competitive. There was a separate accord for scientific co-oCanada and Russia have agreed to boost co-operation between their countries' aerospace industries. The agreement was reached during the biannual Canada-peration in fields including nonotechnology, Arctic research and energy efficiency.



OTTAWA: LIBYA ATTACKS CANADIAN WARSHIP

A Canadian warship came under attack by Libyan forces this week but none of the rockets fired scored a direct hit. There were no injuries or damage to the vessel, HMCS Charlottetown. Canada's defence department says it happened Monday morning. The warship and its crew of 235 are part of Canada's contribution to the NATO-led mission to enforce a no-fly zone over Libya.





International

YEMEN

Yemen's President Ali Abdullah Saleh has been wounded by a shell fired into a mosque in Sana'a. The Reuters news agency cites a senior Western diplomat as reporting that Mr. Saleh's prime minister, deputy prime minister, the parliament speaker and other senior officials were wounded in the attack. The government has blamed the attack on Hashed tribesmen. The tribesmen's leader has backed the protesters who want Mr. Saleh's overthrow. Fighting between the tribesmen and forces loyal to the president has now spread from northern Sana'a to the south of the capital.



ARGENTINA

An Argentine court has charged three former police officers with killing five women during the country's 1976-1983 dictatorship by throwing them out of an airplane while still alive. The men were accused of taking part in some 20 "death flights." Those killed included a French-born nun, Sister Léonie Duquet, and four Argentine women who belonged to the Mothers of the Plaza de Mayo, a rights group made of female relatives of people killed or missing during the military dictatorship. Rights groups claim that hundreds of dictatorship-era victims incarcerated at the Naval Mechanics School in Buenos Aires are known to have been thrown alive into the ocean on similar flights of death. Trials for crimes committed at the school, where 5,000 people were tortured and killed, began in early 2009 and are expected to end in the next few months.



IRAQ

At least nine people were killed in a series of bombings Thursday night in Ramadi in Anbar province. There was no immediate claim of responsibility for the bombings but officials say the co-ordinated nature of the blasts suggests tactics used by al-Qaida-linked militants operating in Iraq.



SYRIA

At least nine people were killed in a series of bombings Thursday night in Ramadi in Anbar province. There was no immediate claim of responsibility for the bombings but officials say the co-ordinated nature of the blasts suggests tactics used by al-Qaida-linked militants operating in Iraq.



CHILE

Chile will launch an investigation into the death of Nobel Prize-winning writer Pablo Neruda. He died 12 days after the 1973 coup that overthrew the government. It had long been believed that Mr. Neruda, among Latin America's most renowned literary figures and an active Communist Party member, had died of cancer. But officials say they now will try to determine whether Neruda was a murder victim. The move was ordered Thursday after the poet's longtime associate Manuel Araya testified that Mr. Neruda was assassinated by the régime of General Augusto Pinochet.



JAPAN

The company that owns the damaged Japanese nuclear power plant says that more radioactive water could begin spilling into the sea later this month if there's a problem in setting up a new decontamination system. Tokyo Electric Power Co. also says that two workers may have been exposed to radiation at more than twice the limit set by the government. It is said to be the most serious case so far of exposure among hundreds of workers at the Fukushima Daiichi plant. Tokyo Electric has pumped massive amounts of water to cool three reactors where meltdowns occurred after the March 11 earthquake and tsunami disabled cooling systems. Managing the growing pools of radioactive water is a major challenge with the start of Japan's month-long rainy season.



RUSSIA

More than 20,000 people were evacuated overnight in Russia's Volga region after a fire at a munitions depot caused a series of explosions and a fireball. The incident took place near the village of Pugachyovo in the region of Udmurtia. The explosion sent shrapnel into the air. More than 500 personnel fought the fire throughout the night. Planes and helicopters dumped more than 40 tonnes of water to douse the fire. The fire was eventually brought under control



THE NETHERLANDS

Former Bosnian Serb military commander Ratko Mladic called charges against him obnoxious as he declined to enter a plea on Friday at the Yugoslavia war crimes. Mr. Mladic has 30 days to enter a plea. He says he needs more than a month in court to study the charges against him but the judge scheduled a new hearing for July 4 for him to enter a plea. He was indicted over the 43-month siege of the Bosnian capital Sarajevo and the massacre of 8,000 Muslim men and boys in the town of Srebrenica during the 1992-95 Bosnian war.





Financial

MONTREAL: AEROSPACE SET TO RECOVER

The Conference Board of Canada has issued a generally upbeat report of the future of the country's aerospace. The report says the industry will recover from the recession over the next two years and that growing business confidence and consumer confidence have given a boost to travel. It also says that as business confidence in various countries continues to grow, that has led to more business travel on commercial airlines and a demand for new business jets. Confidence is highest in the Asia-Pacific region, the Middle East and Latin America, where manufacturers expect strong demand for aircraft purchases. The report says that after two years of sizable declines, including nine per cent last year, production will pick up in the second half of the year leading to a give per cent increase in 2012.



OTTAWA: CRTC WON'T INTERVENE IN MOBILE SQUABBLE

Canada's telecom watchdog has refused to intervene in a dispute between Rogers Communications Inc. and its competitor Wind Mobile. The Canadian Radio-Television and Telecommunications Commission says there's insufficient evidence to prove Rogers is discriminating against Wind's customers in preference to its own. The two mobile firms have an agreement whereby Wind's customers can connect to Rogers towers when they leave a zone covered by Wind. But Wind contends that Rogers isn't respecting the deal because many of its customers calls are dropped when they enter a Rogers zone.



MARKETS

TSX on Friday: 13,51o - 10. Dollar: US$1.02. Euro: $1.43. Oil: $100.43 - .03.





Sports

SPORTS

SKATING

The 2012 Canadian figure skating championships have been

awarded to Moncton, N.B.

The city previously hosted the event in 1974, 1985 and 1992 and

also hosted the Skate Canada Junior Nationals in 2006.

The Jan. 16-22 event will be held at Moncton Coliseum Complex and

will include junior, novice and senior events.





Weather

WEATHER

British Columbia on Saturday: sun, high C20 Vancouver. Yukon: rain. Northwest Territories, Nunavut: sun. Whitehorse 12, Yellowknife 9, Iqaluit 3. Alberta: sun north, mix sun cloud south. Saskatchewan: rain south, sun north. Manitoba: mix sun cloud. Edmonton, Winnipeg 16, Regina 13. Ontario: rain south, sun north. Quebec: sun. Toronto 23, Ottawa 20, Montreal 21. New Brunswick: sun. Nova Scotia, Prince Edward Island: mix sun cloud. Newfoundland and Labrador: rain. Fredericton 19, Halifax, St. John's 14, Charlottetown 12.





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