Friday, June 10, 2011

RCI Cyberjournal

Edition 9 June 2011
Canadian International Financial Sports Weather
Canadian

OTTAWA: REPORT SLAMS G8 SPENDING

A report by the watchdog for the Canadian government's spending is critical of spending for last summer's G8 summit in southern Ontario. The report by interim auditor-general John Wiersema says the Conservative Party government kept Parliament in the dark about how a $50-million "legacy fund" was being used. The document says Parliament was asked in November 2009 to approve an $83-million fund to improve border arrangements and relieve congestion. But it says the lawmakers weren't told that $50 million of that amount would in fact be spent in the Parry Sound-Muskoka riding of Industry Minister Tony Clement. The riding where the G8 event was held isn't near the border. The report notes a total absence of documentation to explain how and why 32 infrastructure projects were chosen. The auditor-general did not attempt to evaluate the projects. But opposition parties have ridiculed several of them as being irrelevant to the summit.



BRUSSELS: COST OF LIBYA MISSION REVEALED

Canadian Defence Minister Peter MacKay says Canada's participation in NATO's mission against Libya has cost $26 million so far. The minister says the government will ask Parliament next week to extend the mission by another three-and-a-half months. The extension would more than double the figure to $60 million. Canada has contributed 650 personnel, fighter jets, a warship and surveillance planes to the UN-approved mission to protect Libyan civilians from forces loyal to Libyan leader Moammar Gadhafi.



OTTAWA: MORE AID GIVEN TO FIGHT CRIME IN LATIN AMERICA

The Canadian government is increasing its aid package to help fight organized crime in Latin America and the Caribbean. Canada's Minister of State for the Americas, Diane Ablonczy, says there will have to be a broad international strategy for fighting crime in the western hemisphere, including strengthening government institutions and reducing drug demand. In large areas of Mexico and Central America, drug cartels are challenging the authority of local governments. Miss Ablonczy is attending the annual meeting of the Organization of American States, which is being held this year in El Salvador.



KANDAHAR: AFGHAN MEMORIAL BURIED

Canada's military held a special ceremony in Afghanistan on Wednesday as the so-called Maple Leaf rock mural was buried at an operating base in Kandahar. The mural started as a tribute to five Canadian soldiers killed during the 2006 landmark battle of Pashmul, known as Operation Medusa. Over the years, the memorial grew to a total of 59 white marker stones to honour additional casualties. The United States is about to take over the base as Canada's combat mission draws to a close this summer. Canada will remain in Afghanistan in a training capacity.



OTTAWA: POSTAL CONTRACT TALKS CONTINUE

Canada Post and the union representing 50,000 workers met on Thursday, as rotating strikes continue. The Canadian Union of Postal Workers requested the meeting to present its response to the employer's latest contract proposals. The one-day walkouts were taking place in 13 smaller cities on Thursday.



OTTAWA: TRADE DEFICIT BOUNDS UPWARD

Statistics Canada reports that the country's trade deficit widened to $924 million in April, more than twice as high as the March figure. Statistics Canada says a 1.9 per cent decline in exports offset a .6 per cent decline in imports. The agency says the strong dollar is in great part responsible for the latest numbers.



TORONTO: STORMS BATTER PROVINCE

There was a series of violent storms across the southern part of Canada's province of Ontario Wednesday night. The strong winds knocked down trees and power lines and left more than 100,000 homes and businesses without power. There was hail and tornadoes in some regions. There were no reports of casualties.



TORONTO: E-COLI CASE CONFIRMED

Laboratory tests have confirmed that a man from the Canadian province of Ontario has Canada's first case of E. coli linked to the outbreak in Europe. The man ate local produce in Germany earlier this spring. The outbreak has killed at least 26 people in Europe and sickened more than 2,700.





International

LIBYA

NATO carried out more air attacks against Libya's capital Tripoli on Thursday, the heaviest by the alliance since Tuesday. The bombing seemed to target the outskirts of the city. In Washington, the director of the Central Intelligence Agency, Leon Panetta, told the U.S. Senate that the régime of Moammar Gadhafi is coming under growing pressure from the NATO military operation, strong economic sanctions and the enforcement of a no-fly zone. In the Persian Gulf state of Qatar, U.S. Secretary of State Hillary Clinton says there have been numerous overtures by Gadhafi associates to negotiate his departure. And in Brussels, NATO Secretary General Anders Gogh Rasmussen said that the renewed shelling of the western city of rebel-held Misrata by Gadhafi forces shows the continued need to protect civilians. The insurgents said 10 of their fighters were killed in the shelling.



TURKEY

Jordanian officials say more than 1,700 Syrians have fled across the border into Turkey to escape violence in their country. Syrian troops with tanks have deployed near the town of Jisr al-Shughour, prompting many of the town's 50,000 people to flee. The government has accused armed bands of killing many of its security men in the town and has vowed to send in the army. On Wednesday, Turkey's Prime Minister Tayyip Erdogan said his country was opening its gates to people fleeing the clashes between pro-democracy demonstrators and security forces in Syria. He also called on President Bashar al-Assad's government to act with more restraint. A continuing crackdown has killed at least 1,100 people since the uprising erupted two months ago.



RUSSIA

Russia says it opposes two impending votes to condemn Syria at the UN. The Russian foreign ministry says it opposes a resolution proposed by Britain, France, Germany and Portugal to the Security Council to condemn the Syrian government's current political crackdown. The ministry says the situation in Syria isn't a threat to world peace. In Vienna, meanwhile, Russia's ambassador to the International Atomic Energy Agency says he'll vote against a Western-led push to report Syria for covert atomic activities. Grigory Berdennikov says the resolution proposed by the U.S. and 12 other states is untimely and not objective. The resolution concerns an alleged nuclear site in northern Syria which Israel destroyed several years ago. Mr. Berdennikov says the site doesn't pose a threat to international peace now because it has been destroyed.



YEMEN

The United States has intensified air strikes on suspected militants in Yemen in an attempt to keep them from consolidating power as the government in Sana'a appears to be weakening. The New York Times newspaper says a U.S. campaign using drone aircraft and warplanes has increased in recent weeks, as government roops fight miltants linked to the al-Qaeda terror group. Yemen's president, Ali Abdullah Saleh, was wounded Friday and is being treated in the Saudi capital, Riyadh. He was wounded by a bombing at a mosque inside his palace, not a rocket attack as first thought.



MEXICO

At least 21 bodies have been found in the streets near the city of Morelia in Michoacan state. The state is the base of the drug cartel La Familia, which claimed last year that it had beheaded 12 policemen. The state has seen an exodus of people fleeing their homes in recent weeks due to fighting between drug gangs and security forces.



CHINA

China has rejected pressure from a United Nations human rights panel about the status of more than 300 missing Tibetan monks. The whereabouts of the monks are unknown since they were arrested in April at the Ngaba Kirti monastery in Sichuan province. The monastery has been the site of tensions between authorities and those advocating independence for Tibet. In March, a 21-year-old monk set himself on fire there in protest against Chinese rule.





Financial

MARKETS

TSX on Thursday: 13,239 + 56. Dollar: US$1.02. Euro: $1.41. Oil: $101.79 + $1.05.



WASHINGTON: HIGH COURT MAINTAINS RULING AGAINST MICROSOFT

The U.S. Supreme Court has maintained a judgment for patent infringement against Microsoft Corp., the world's biggest software maker, in a lawsuit brought by Toronto-based i4i, a small software firm. The high court thus maintained an award of $290 million in compensation to the Toronto company. i4i sued Microsoft in 2007, claiming it owned the technology for a tool used in Microsoft Word. The lower court ruled that Microsoft had deliberately infringed on the patent, a judgment which the Supreme Court has now upheld.



OTTAWA: RADIO BROADCASTERS RECOVERING

Private radio broadcasters improved revenues and profits last year compared with 2009. Statistics Canada reports that revenues in 2010 hit $1.6 billion, up 3.2 per cent. Profits improved by more than 19 per cent, up from almost 18 per cent in 2009. Almost all of the revenues came from advertising. However, the agency says revenues still haven't recovered from 2008 before the recession set in.





Sports

SPORTS

HOCKEY

The Boston Bruins opened the Stanley Cup final with two deflating one-goal losses last week in Vancouver. Now they've gained the momentum with two dominant wins over the Canucks. Tim Thomas made 38 saves, and Rich Peverley scored twice after replacing injured Nathan Horton on Boston's top line, as the Bruins beat Vancouver 4-0. That evens the series at two games apiece. The Canucks returned home for Game Five tomorrow having been outscored 12-1 in Boston.

FOOTBALL

Quarterback Kerry Joseph, the Canadian Football League's outstanding player in 2007, has signed with the Edmonton Eskimos. A CFL source says the Saskatchewan Roughriders added former Ohio State quarterback Terrelle Pryor to their negotiation list. Pryor left Ohio State this week after being suspended for accepting improper benefits.

SOCCER

The Canadian Soccer Association has made its peace with women's

head coach Carolina Morace.

The CSA announced Thursday that Morace agreed to stay on through

to next year's London Olympics as well as continue as coach of the

women's under-20 national team.

Morace had threatened to quit following this year's Women's World

Cup in Germany because of frustrations with the CSA.

The players supported Morace by threatening to boycott future

games, but later backed off after officials met with the coach.

Canada has improved to sixth in the FIFA world rankings, the

highest the team has ever ranked since the list was introduced in

2003.

Canada opens the World Cup against Germany on June 26.





Weather

WEATHER

British Columbia on Friday: rain, high C17 Vancouver. Yukon, Northwest Territories: rain. Nunavut: mix rain snow. Whitehorse 14, Yellowknife 17, Iqaluit 4. Alberta: rain south, sun north. Saskatchewan, Manitoba: sun. Edmonton 24, Regina, Winnipeg 20. Ontario: rain south, mix sun cloud north. Quebec: sun. Toronto 19, Ottawa, Montreal 21. New Brunswick, Prince Edward Island: sun. Nova Scotia, Newfoundland and Labrador: rain. Fredericton 21, Halifax 19, Charlottetown, St. John's 16.





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