Wednesday, August 10, 2011

RCI Cyberjournal

Edition 9 August 2011
Canadian International Financial Sports Weather


Canadian Prime Minister Stephen Harper has suggested people look at the long-term when they try to assess the current turmoil in world markets. Mr. Harper describes the trillions of dollars lost in markets in recent days as "market noise." The prime minister is in Brazil, while making a tour of four Latin American countries. Mr. Harper says his visit is focused on mid-term and long-term creation of wealth, an approach that has served his country and Brazil equally. Meanwhile back in Ontario, Premier Dalton McGuinty has sought to reassure nervous residents. He says the province's debt levels are more manageable than when the last downturn came in 2008 and that Ontario continues to create jobs. New Democratic Party finance critic Peter Tabuns is less sanguine, noting that hundreds of thousands of jobs have been lost since the Liberals took office eight years ago. Mr. Tabuns noted as well that Monday's market meltdown destroyed billions of dollars in stock value and hit pension plans as well.


Canada is expelling all Libyan diplomats in Ottawa. Canada's Foreign Affairs Minister John Baird says the diplomats have five business days to vacate the embassy and leave the country. He calls the decision the latest step in Canada's effort to isolate and delegitimize the regime of Libya's leader Moammar Gadhafi. Mr. Baird says the government is also cutting off the diplomats' access to the embassy's bank accounts. Canada is part of the NATO mission enforcing a no-fly zone over Libya that aims to shield Libyans from attacks by Gadhafi's forces. Canada and other western countries recognize the National Transitional Council as the legitimate representatives of the Libyan people.


The Canadian military reports that an exercise in the Arctic with the U.S. and Russia has been carried out successfully. The drill began on Sunday and involved a simulated American airliner flying over Alaska that failed to respond to air controllers. It was guided to safety after exchanges between Canadian, Russian and American aircraft and their control centres. The U.S. military says Exercise Vigilant Eagle went better than its first time last year, which was troubled by language barriers.


A British lawmaker has blamed the Canadian-made BlackBerry smartphone for having aggravated the ongoing social riots in Britain. A member of Parliament has called on its manufacturer, Research in Motion, to suspend its instant messaging service because rioters are using it to mobilize in London and other British cities. David Lammy says use of the BlackBerry is enabling unsophisticated criminals to outsmart the police. The BlackBerry Messenger service is encrypted and private. The service has 45 million users around the world.



Riots have spread to the northwestern city of Manchester, four days after they began in London. A huge group of youths locked in battle with hundreds of riot police in downtown Manchester. The police were at one point driven back by the crowd. Gangs smashed shops and stores. There were also outbreaks of violence in Birmingham and other parts of central England. London, however, was mostly quiet.


The Libyan government has accused NATO of killing 85 villagers in an air attack in support of rebels. Libyan leader Moammar Gadhafi says the world powers are responsible for the attack against the village of Majer, near the city of Zliten, 120 kilometres east of Tripoli. The attack is said to have taken place late Monday. Reporters saw 28 bodies buried at a local cemetery and 30 others at the hospital morgue. NATO says the air raids were directed against military sites used by forces loyal to Gadhafi.


Syrian President Bashar al-Assad has apparently turned a deaf ear to Turkey's criticism of the ongoing political repression in Turkey's neighbour. Syria's official news agency quoted the president as saying his military forces will continue to pursue "terrorist groups." Earlier, Mr. al-Bashar had two hours of discussion with Turkey's foreign minister, Ahmet Davutoglu. A Syrian activist group later reported that the president's forces killed at least 30 people in villages north of Hama. The National Organization for Human Rights also reports four deaths in the town of Binnish, 30 kilometres from the Turkish border. Turkish Prime Minister Tayyip Erdogan has described Syria's uprising as a domestic issue because of the two countries' 850-kilometre shared border.


Kenyan police say they lack the manpower to stop marauding gangs and criminals from attacking Somali famine refugees. The police commander at the Dadaab refugee camp, the world's biggest, says it's hard for his officers to patrol the long, porous border and this has led to a rise in rapes and other kinds of attacks. The commander says Somali and Kenyan criminals alike operate along the border. The Dadaab refugee camp was built to house 90,000 refugees but in fact holds more than 400,000, with thousands arriving everyday. Kenyan President Mwai Kibaki on Monday told the visiting wife of U.S. Vice-president Joe Biden that the burgeoning numbers of Somali refugees is placing his country under extreme pressure. Half-a-million Somalis are now in Kenya.


Chinese artist Ai Weiwei has made his first anti-government comments since his release from detention, using the Twitter social network site to criticize the treatment of colleagues and fellow dissidents. Mr. Ai, who has made few public comments since he was freed in June after three months in detention, said colleagues were incarcerated because of his behaviour and had suffered great mental abuse and physical torture. Twitter is officially blocked in China but many web users still manage to access the site via virtual proxy networks. The artist said after his release he could not speak to the press about the case against him Chinese authorities have said that Mr. Ai, an outspoken critic of the Communist Party, was detained for tax evasion.


Guatemala's constitutional court has ruled that former first lady Sandra Torres is ineligible to run in September's presidential election. The court ruled that her candidacy violates the constitution even though Mrs. Torres divorced President Alvaro Colom earlier this year to overcome a ban on close relatives of the president running for the job. Latest opinion polls show retired Gen. Otto Perez Molina of the right-wing Patriotic Party is the favourite.



Seven-hundred workers at Bombardier Transportation's plant in Thunder Bay, ON, have gone on strike. The Canadian Auto Workers union says contract talks collapsed over the company's demands for cuts to the pension plan. The strikers have been without a contract since the end of May. The plant makes railway cars, streetcars and subway cars.


In Colombia, militants attacked a Canadian-owned mine over the weekend. Toronto-based Petro-Magdalena owns the field near the Venezuelan border.According to the Colombian military about 30 people ordered Canadians off the site and then set off crude explosives. About 1,000 barrels of oil were burned. No one was hurt in the incident. It's believed the militant Marxist group FARC was responsible. Petro-Magdalena owns about 19 sites in Colombia.


Hungary has come out in opposition to a Canadian mining project in Romania. The Hungarian environment minister, Laszlo Borbely, says his country is opposed to the entire project at Rosia Montana. The Rosia Montana Gold Corporation wants to use cyanide to extract gold from an open-air mine in a mountain village in the Carpathian Mountains. The company is 80-per cent owned by Canadian firm Gabriel Resources. The site is thought to contain 300 tonnes of gold, one of the biggest deposits in Europe. Gold prices are now at record highs. Critics says the use of cyanide is an environmental threat. In 2000, the Danube, Tisza and Somes rivers in Hungary were polluted by a cyanide spill in a Romanian gold mine.


TSX on Tuesday: 12,042 + 371. Dollar: US$1.02. Euro: $1.40. Oil: $80.50 - .81.



Andy Murray's Montreal Masters

title defence came to shock end on Tuesday when the world number

four was swept aside 6-3 6-1 in his opening match by South

African Kevin Anderson. It was a stunning failure by the Briton who has absolutely

ruled over the Canadian hard courts the last two seasons,

winning back-to-back titles and a reaching the last four on two

other occasions. Earlier at Uniprix Stadium, German qualifier Philipp Petzschner beat ninth-seeded Gilles Simon of France 7-5, 6-2. Meanwhile, Canada's Vasek Pospisil advanced to the second round

with a 4-6, 6-3, 6-4 win over Argentina's Juan Ignacio Chela.

The 155th-ranked player from Vernon, BC, will take on Roger

Federer in the next round. The Swiss master lost last year's final

to Murray and is ranked third in the world and third at this year's



The Vancouver Whitecaps will have a new head coach next season.

The team says that Martin Rennie will take over the fledgling MLS side in 2012.

He currently coaches the Carolina RailHawks of the North American Soccer League and will remain with that team for the rest of the season.

The Whitecaps fired head coach Teitur Thordarson on May 30.


The Canadian Football League has named its players of the week. Montreal quarterback Anthony Calvillo took the offensive nod after leading the Alouettes over Toronto 36-23. The veteran pivot threw for 349 yards and a touchdown. He also broke Damon Allen's all-time CFL completions record. B.C. linebacker Solomon Elimimian was named the top defensive player. He had 12 tackles and a sack as the Lions earned their first win of the season, a 24-11 decision over Saskatchewan.


Canada's men's under-18 hockey team bounced back from a disappointing opening game at the Ivan Hlinka

memorial tournament by defeating the Czech Republic 6-1.

Jarrod Maidens and Morgan Rielly each had a goal and an assist

for Canada, which opened the event with a penalty-filled 5-1 loss to

Sweden Monday.



British Columbia on Wednesday: rain, high C22 Vancouver. Yukon, Nunavut: rain. Northwest Territories: mix sun cloud. Whitehorse 13, Yellowknife 20, Iqaluit 7. Alberta: rain. Saskatchewan: rain north, mix sun cloud south. Manitoba: sun. Edmonton 24, Regina, Winnipeg 27. Ontario: rain south, mix sun cloud north. Quebec: rain. Toronto 24, Ottawa 23, Montreal 21. Maritimes: rain. Newfoundland and Labrador: mix sun cloud. Fredericton, Charlottetown 19, Halifax 16, St. John's 14.

Radio Canada International reproduction rights and reserved broadcast

Click here if you do not see the message correctlyUnsubscribe