Thursday, July 28, 2011

RCI Cyberjournal

Edition 27 July 2011
Canadian International Financial Sports Weather
Canadian

PM WORRIED BY U.S. DEBT CRISIS

Canadian Prime Minister Stephen Harper says the debt and fiscal situation of the U.S. government is "extremely difficult" but that he's confident that U.S. President Barack Obama will find a solution. Mr. Harper says the American political process for dealing with the problem is "difficult" at the best of times. The prime minister says his government's own situation is much better but that it will remain vigilant in the event of repercussions from events south of the border. The U.S. government has since May owed its creditors $14 trillion, the debt ceiling imposed by Congress. So far, the president's Democratic Party and the Republican Party have been unable to agree on a solution. The government may have to default as early as Aug. 2.



OPPOSITION PARTY APPROVES INTERIM CHIEF

Canada's official opposition party has approved an interim leader to replace Jack Layton. The New Democratic Party leader revealed on Tuesday that he is suffering from a second cancer and will have to abandon his duties temporarily to receive treatment. The party caucus named Member of Parliament Nycole Turmel to take his place, a choice which the NDP's leadership will ratify on Thursday. Mr. Layton was diagnosed with prostate cancer last year. He led the party to its best electoral result in history in the general election on May 2, ousting the Liberal Party as the official opposition in the House of Commons.



FOURTH ONLINE SUSPECT NABBED

The Canadian government says a fourth alleged criminal whose name and face were put on the Internet last week has been caught. Public Safety Minister Vic Toews says Peruvian Henry Pantoja Carbonel was arrested in Toronto. The minister didn't say if Mr. Pantoja was arrested as a result of a tip from the public. He was one of 30 alleged war criminals or other undesirables who were posted online by the Canadian Border Services Agency. Mr. Toews says all 30 are inadmissible to Canada and subject to deportation.



FEDERAL AID NOT SOLVING NATIVE HOUSING CRISIS

Housing conditions on Canada's First Nations reserves are getting worse despite 13 years of aid from the federal government. An internal government audit says the government is meeting its own targets for constructing social housing on reserves, but the aboriginal population is growing more quickly than expected. At the same time, the audit says housing is often sub-standard and falling apart and that there's not enough funding or know-how to deal with maintenance and upkeep. Last month, the interim auditor general, John Wiersema, issued a report criticizing the Conservative government for not coming through on its commitments to improve living conditions on the reserves.



PREMIER ALARMED BY MEDICAL RECORDS LOSS

Premier Dalton McGuinty has commented on the loss of cancer screening tests for thousands of Ontarians. Mr. McGuinty says the government will do everything it can to help recover the missing files and make sure there is ultimately no breach of confidentiality. The government agency Cancer Care Ontario says records for almost 6,500 patients were lost in the mail, and the agency is still trying to find the test results for another 5,440 people. The agency issued an apology Tuesday after saying it used a Canada Post courier service to mail the confidential files to doctors' offices. Ontario's information and privacy commissioner says in this day and age Cancer Care Ontario should have sent the reports digitally and not on paper.





International

BRITAIN

Britain has recognized Libya's rebel council as the country's sole legitimate government. The announcement came after Britain expelled all remaining staff loyal to Libyan leader Moammar Gadhafi from the London embassy. Britain's Foreign Secretary William Hague said he has invited the National Transitional Council to take over the embassy and to appoint an official envoy in a major boost for the movement fighting Gadhafi's régime.



NORWAY

Norwegian Prime Minister Jens Stoltenberg has promised a full security review after last week's two terrorist attacks in and near Oslo that left 76 people dead. Mr. Stoltenberg says other European intelligence services have joined the investigation. Anders Behring Breivik has claimed responsibility for the bombing of government buildings in the capital on Friday as well as the mass shootings on a nearby island. The prime minister says he welcomes a national debate about security and the police response to the disaster. Critics have accused the police of reacting too slowly to reach the island north of Oslo, where the gunman attacked a gathering of the youth wing of the prime minister's Labour Party.



SYRIA

Syrian troops are reported to have opened fire Wednesday on many people in a Damascus suburb, killing at least eight people who were trying to stop the soldiers' advance by throwing stones and burning tires. The London-based Syrian Observatory for Human Rights said the residents of the Kanaker suburb were trying to set up blockades around the area to stop several tanks and a bulldozer that were heading in. The violence is the latest development in the Syrian uprising against President Bashar Assad, which has lasted for nearly five months despite a harsh government crackdown on dissent. Activists say more than 1,600 people have been killed, most of them unarmed protesters.



BRITAIN

Britain has recognized Libya's rebel council as the country's sole legitimate government. The announcement came after Britain expelled all remaining staff loyal to Libyan leader Moammar Gadhafi from the London embassy. Britain's Foreign Secretary William Hague said he has invited the National Transitional Council to take over the embassy and to appoint an official envoy in a major boost for the movement fighting Gadhafi's régime.



AFGHANISTAN

The Taliban rebel group is claiming responsibility for the assassination Wednesday of the mayor of Kandahar City. Ghulam Haider Hamidi, who has family in the Canadian city of Toronto, was killed by a suicide bomber. The Taliban says the attack was to avenge the recent deaths of two children allegedly killed during the city-ordered demolition of some homes. Mr. Hamidi had been mentioned as a possible replacement for the president's half-brother, who was shot to death at his home two weeks ago.



UNITED STATES

The U.S. Senate has approved President Barack Obama's nominee for ambassador to China. Former Commerce Secretary Gary Locke, a Chinese-American, cleared the Senate by voice vote without dissent on Wednesday. Mr. Locke was a two-term governor of Washington state and will be the first Chinese-American to serve as ambassador to China.



RUSSIA

Russia and its space partners plan to drop the International Space Station into the ocean at the end of its life cycle after 2020 so as not to leave space junk. The deputy head of Roskosmos space agency, Vitaly Davydov, says it cannot be left in orbit because it's too heavy an object and can leave behind lots of rubbish. Space junk is becoming an increasingly serious concern. A piece of space debris narrowly missed the space station last month in a rare incident that forced the six-member crew to move into their rescue craft.





Financial

QUEBEC SHIPYARD MAY BID FOR LUCRATIVE FEDERAL CONTRACTS

The Canadian government has decided that Davie Yards of Lévis, QC, is allowed to be one of three shipbuilders to bid on $35 billion worth of contracts to build warships and coast guard vessels. There has been doubt about the legitimacy of Davie's bid because the bankrupt shipbuilder had been bought just hours before the bidding deadline last week by Upper Lakes Group of Ontario. Irving Shipbuilding of Halifax, NS, and Vancouver Shipyards also put in bids.



NICKEL PROJECT NEARING COMPLETION

Canadian mining firm Sherritt International Corp. says its troubled nickel project in Madagascar is nearing completion and should be operating by the end of the year. CEO Ian Delaney says he visited the mine last week and that the project was far more advanced than during his previous visit five weeks before. Last month, Sherritt increased the cost of the Ambatovy site to US$5.5 billion, $1 billion higher than the original estimate. The company has blamed poor performance by contractors, inaccurate estimates for piping and electrical materials and additional food and accommodation for staff for the increase. Sheritt's partners in the project are Sumitomo and Korea Resources, each holding a 27.5-per cent stake and Montreal-based engineering firm SNC-Lavalin, Sherrit owning the rest.



MARKETS

TSX on Wednesday: 13,033 - 268. Dollar: US$1.05, up .37. Euro: $1.36. Oil: $97.32 - $2.27.





Sports

SPORTS

SWIMMI NG

Ryan Cochrane of Victoria, BC, won a silver medal in the men's 800-metre event at the world swimming championships in China. Cochrane broke his Canadian record for the event.

FOOTBALL

In the Canadian Football League, the Winnipeg Blue Bombers plan to pay tribute to former assistant coach Richard Harris prior to tomorrow's game against B.C.. The players will wear stickers with Harris's initials on their helmets and observe a moment of silence prior to kickoff. Harris collapsed in his office yesterday and died at the age of 63.

BASKETBALL

Toronto's Andy Rautins scored 18 points in a

losing cause Wednesday as Canada's men's basketball team dropped an

86-69 decision to France in exhibition play.

Canada's performance was a significant improvement over Tuesday's

season-opening game when the Canadians were routed 106-44 by the

French.

The games are part of Canada's preparations for the FIBA Americas

tournament this fall, which is the qualifying event for the 2012

London Olympics.





Weather

WEATHER

British Columbia on Thursday: rain north, mix sun cloud south, high C23 Vancouver. Yukon, Nunavut: rain. Northwest Territories: mix sun cloud. Whitehorse 12, Yellowknife 24, Iqaluit 11. Alberta, Manitoba: sun. Saskatchewan: rain north, sun south. Edmonton 23, Regina 24, Winnipeg 26. Ontario: rain south, mix sun cloud north. Quebec: rain. Toronto 27, Ottawa, Montreal 29. Maritimes: mix sun cloud. Newfoundland and Labrador: rain. Fredericton 25, Halifax 21, Charlottetown 19, St. John's 13.





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