Wednesday, June 8, 2011

RCI Cyberjournal

Edition 7 June 2011
Canadian International Financial Sports Weather


The Canadian postal agency, Canada Post and its union are still negotiating despite the fact that rotating strikes in various cities are continuing. The Canadian Union of Postal workers have moved their rotating strikes to the eastern city of Moncton, NB, and the Pacific coast city of Victoria, BC. The labour disruptions began last Friday in Winnipeg and was followed by walkouts in the cities of Hamilton and Montreal. The union is seeking better wages and other benefits. The employer is seeking to cut costs because of a downturn in its letter delivery business.


It appears that Canada has its first suspected case of E-coli linked to the deadly bacterial outbreak that has killed 22 people in Europe. The man is out of a hospital in the city of Toronto and recovering. Although health officails say more tests are needed to confirm the strain, they say the man did eat local produce during a trip to Germany several weeks ago. Another 2,300 people have fallen ill in Europe from the outbreak from a source officials still cannot find.


The director of public health in the Canadian province of Quebec is urging people to get vaccinated following an outbreak of more than 250 cases of measles in the province since the beginning of the year. Alain Poirier says vaccinations are the safest and best way to combat the highly contagious virus. There have been 208 cases of measles reported in Quebec just since May 1, with the outbreaks occurring in several regions of the province.



NATO airplanes on Tuesday struck the Libyan capital Tripoli with the Western alliance's heaviest bombardment since the air strikes began in March. The planes were hitting the city several times an hour for hour after hour. The British military says the aircraft have targeted Moammar Gadhafi's secret police headquarters and a military installation in the southwestern outskirts of Tripoli. The daytime strikes are unusual. However, the Libyan leader remains defiant saying Libyans will stay in their land dead or alive. He also threatened to unleash as many as half-a-million armed Libyans to defeat the rebels who control the east of the country.


Protests against Syrian President Bashar al-Assad are increasing and a continuing crackdown has killed at least 1,100 people since the uprising erupted two months ago. In the most recent violence Monday, officiaL reports say that more then 120 Syrian security officers were killed in battles with gunmen in the northwestern town of Jisr al-Shughour. In related news, France is prepared to ask the United Nations Security Council to vote on a draft resolution condemning Syria for its brutal crackdown, despite the possibility that Russia will veto the measure.


Fighting between government troops and suspected Al-Qaeda gunmen is continuing in the southern part of the country. At least 15 people were killed, nine of them soldiers, when troops advanced overnight to the city of Zinjibar in an attempt to regain the the city back from extremists. The Al-Qaeda militants have controlled much of Zinjibar since they occupied it on May 29. Only the military base inside the city remains in government hands. Meanwhile, Yemen's President Ali Abdullah Saleh is recuperating in a Saudi Arabian hospital after he was wounded in an an attack on his palace last Friday. The opposition has vowed to prevent his return to power while the United States urged an immediate transition.


Former army commander Ululant Humala has narrowly won Peru's presidential election after his rival Keiko Fujimori conceded defeat on Monday. Mr. Humala had more than 51.5 percent support with results in from 92 percent of the vote count. Despite his victory, financial markets plunged on fears that he will ruin the economy. Peru's stock market was hit hard by a major selling of shares. The main index dropped 12.5 percent, its biggest loss ever, before trading was suspended.


An erupting volcano in Chile has sent a plume of ash across South America, forcing thousands from their homes, grounding airline flights in southern Argentina and coating ski resorts with a layer of dust instead of snow. The ash is coming from a five-kilometre-long fissure in the Puyehue-Cordon Caulle volcanic complex, just west of the Chilean-Argentine border that began erupting Saturday. Officials in Chile say that by Monday, about 4,000 people had been evacuated from more than 22 communities.


The NATO alliance has rejected a Russian proposal aimed at ending a dispute over missile defence for Europe. NATO Secretary General Anders Fogh Rasmussen was responding to a Russian suggestion that NATO provide Russia with legal guarantees that a proposed anti-missile defence system would not be directed against Russia. Mr. Rasmussen says it would be difficult to work out legal formulas among Russia and NATO's 28 member states. He says the best solution lies in more discussion. The Russia-NATO Council meets in Brussels on Wednesday and Russian Defence Minister Anatoly Serdyukov is expected to make the pitch for legal guarantees.



The Canadian Auto Workers union has called on its members to stage a rally at Terminal One at Pearson International Airport in Toronto on Thursday to show their support for the union's bargaining positions in contract talks with Air Canada. It's unclear whether the rally will disrupt passengers. The CAW represents 3,800 Air Canada customer service and airport workers across the country. The union could serve 72-hours notice on Friday for a strike that would start on June 13.


The consortium of Canadian banks and pensions that has made a hostile takeover bid for the company that controls the Toronto Stock Exchange says it has been in talks with potential new investors in the project. Maple Leaf Acquisition Corp. says it has been approached by several interested parties but wouldn't confirm whether they include Desjardins Financial Group and Dundee Capital Markets. The consortium has offered $3.6 billion for TMX Group, a 24-per cent premium to the implied valued of the proposed merger between TMX and the London Stock Exchange Group. Maple Leaf's offer was rejected by the TMX over regulatory and debt risks. The Maple Leaf offer is intended to keep TMX under Canadian ownership. The merger is subject to Canadian regulatory review, including a review by Investment Canada under the terms of the Investment Canada Act, which must determine if the transaction would be of "net benefit" to the country.


TSX on Tuesday: 13,283 - 36. Dollar: US$1.02. Euro: $1.43. Oil: $99.39 - .38.




The Vancouver Canucks will have to play the remainder of the Stanley Cup final minus defenceman Aaron Rome. The National Hockey League suspended Rome for four games Tuesday for his blindside hit on Boston forward Nathan Horton during Boston's 8-1 victory Monday night. With three games having already been played in the final, the suspension effectively ends Rome's season. Vancouver leads the best-of-seven series 2-1.


Canada opens up CONCACAF Gold Cup action with a big game against rival United States. The Canadians are at Detroit's Ford Field to play the U.S. It's the first time the two sides have played since a goal ruled off-side cost Canada a win in the 2007 Gold Cup.



British Columbia on Wednesday: sun, high C19 Vancouver. Yukon: mix sun cloud. Northwest Territories, Nunavut: rain. Whitehorse 19, Yellowknife 14, Iqaluit 2. Alberta: rain south, mix sun cloud north. Saskatchewan: sun. Manitoba: rain. Edmonton 20, Regina 18, Winnipeg 14. Ontario : sun south, rain north. Quebec: mix sun cloud. Toronto, Montreal 31, Ottawa 30. New Brunswick, Prince Edward Island, Newfoundland and Labrador: rain. Nova Scotia: mix sun cloud. Fredericton 27, Halifax 21, Charlottetown 20, St. John's 12.

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