Tuesday, August 30, 2011

RCI Cyberjournal

Edition 29 August 2011
Canadian International Financial Sports Weather


Canadian consulted about the planned U.S.-Canada "perimeter" security project aren't sold on increasing co-operation between the two countries' law enforcement bodies. A new report on the consultations shows that almost one-half of Canadian who expressed an opinion disagree with closer co-operation between them. The document also says that many have doubts about information-sharing and the impact of joint programs on civil liberties. The report was released in Toronto on Monday by Foreign Affairs Minister John Baird. The minister says an eventual security accord will respect Canadians' legal and privacy rights. In February, the two government agreed to negotiate an accord to crack down on security risks while making the free flow of goods and people easier through a North American "perimeter."


More than 48,000 customers are still without power after the remnants of Hurricane Irene hit parts of eastern Canada. Most of the affected are in the New Brunswick cities of Fredericton and Moncton. The storm also caused power outages in the province of Quebec and left one man dead . The storm is thought to be responsible for the disappearance of a motorist in Quebec, who was swept away when a landslide washed out a road northeast of Montreal Sunday. Thousands remain without power in Montreal. Twenty-seven people were killed by Hurricane Irene, as it battered half a dozen U.S. east coast states late last week.


The president of Canada's main opposition New Democratic Party says the momentum that propelled the party to unprecedented success in the May election will not be broken by the death last week of their leader Jack Layton. Brian Topp says voters have recognized there's a clear and viable alternative to the status quo. Mr. Topp also acknowledges he's considering a leadership run to succeed Mr. Layton, who died a week ago of cancer at the age of 61. Other possible candidates include former Manitoba Premier Gary Doer and MPs Thomas Mulcair, Libby Davies and Paul Dewar.


The interim leader of Canada's opposition Liberal Party, Bob Rae, says a union with the main opposition New Democratic Party is not on the agenda. The death of New Democrat leader Jack Layton a week ago revived speculation about a possible merger. But Mr. Rae says the Liberals are focused on getting their own house in order during a four-day caucus retreat in the federal capital, Ottawa. Current and former Liberal Members of Parliament say they are convinced their party can make a comeback from a disastrous election on May 2 that left them with only 34 seats and the NDP with official opposition status.


Premier Christy Clark of Canada's Pacific Coast Province of British Columbia says she and federal Prime Minister Stephen Harper agree they must quickly resolve any fallout from the province's scrapping of the Harmonized Sales Tax. Miss Clark says she and Mr. Harper talked about the issue during an event Sunday in her province. A major issue to be resolved is the $1.6 billion in HST transition funding that the federal government had paid the province.


The government of the largely French-speaking province of Quebec is going to launch a campaign this fall to force big-box stores to use French names. The head of the agency that oversees Quebec's sign laws says the sign issue will be very important in the next few months. Louise Marchand complains that big-box stores are coming more and more to the province and using their English brand names. Bill 101, Quebec's language law, was passed in 1977. As a result of several court challenges languages other than French may be displayed on public signs as long as French is predominant.



Three of Libyan strongman Moammar Gadhafi's children have fled to Algeria and a third son is reported killed in fighting with the rebels. The Algeria government reports that Gadhafi's wife Safia, his daughter Aisha and his sons Hannibal and Mohammed entered Algeria on Monday morning. Libya's rebel government says it considers the sheltering of Gadhafi's family an act of aggression and will demand their extradition. Meanwhile, a senior rebel officer says Khamis Gadhafi has been killed in fighting near Tripoli, a report that could not be independently confirmed. Khamis has already been reported killed twice. The focus of the fighting between insurgents and Gadhafi loyalists has shifted to his hometown Sirte, 350 kilometres east of Tripoli. The insurgents say they're trying to persuade the fallen dictator's forces to surrender.


Japan's Finance Minister Yoshihiko Noda was chosen Monday to become the country's sixth prime minister in five years. The 54-year-old Mr. Noda must deal with a rising yen that threatens exports, forge a new energy policy while ending the worst nuclear crisis since Chernobyl and find funds to rebuild from the March 11 tsunami at a time when huge public debt has already triggered a credit downgrade. Mr. Noda replaces Naota Kan who only served for 15 months.


Russia's President Dmitry Medvedev has announced a parliamentary election for Dec. 4 that will prepare for the country's presidential vote next March. The 450-seat State Duma, the lower house of parliament, is dominated by Prime Minister Vladimir Putin's ruling United Russia party. United Russia's senior official, Duma speaker Boris Gryzlov, says his party's aim is to preserve its constitutional majority. Meanwhile, Mr. Putin has hinted he is trying to decide whether to run for a return to the presidency in March or endorse his protégé Mr. Medvedev for a second term.


Five men have been arrested in connection with an attack last week on a casino in the Mexican city of Monterrey that killed 52 people. The state governor of Nuevo Leon, Rodrigo Medina, says the suspects are believed to be members of the Zetas drug cartel. President Felipe Calderon declared three days of national mourning after the attack and in a television interview Monday pledged to continue the fight against organized crime. In the past five years.


A commission set up by the U.S. government has delivered a report concerning U.S, medical experiments in Guatemala in the 1940s. The report concludes that at least 83 of the 5,500 Guatemalans involved in experiments on venereal disease died of sexually transmitted disease. The commission concludes that 1,300 of those subjected to diagnostic testing were exposed to STDs, of whom only 700 received some form of treatment. The American researchers were trying to find out whether penicillin could be used to prevent syphilis and gonorrhea. U.S. President Barack Obama apologized to President Alvaro Colon when the experiments were accidentally discovered last year.


Venezuela's President Hugo Chavez has thanked the country for praying for his health as he undergoes a third round of chemotherapy at a military hospital in Caracas. He underwent the first two rounds of treatment in Cuba. He says his treatment has been going well and aims to prevent reappearance of cancer cells more than two months after he underwent surgery in Cuba to remove a tumour from his pelvic region. Mr. Chavez, who was first elected in 1998, has vowed to bounce back and win re-election in 2012.



Canadian auto parts maker Magna International Inc. and the Ontario government will invest more than $400 million to research and develop electric vehicle technology. The province's share of the investment is $48 million. The government says the plan will create more than 700 jobs, while preserving 1,700 at four Magna plant in the province.


Forest products firm AbitibiBowater says it wants to invest $32 million to restart an idled sawmill at Ignace in northwestern Ontario. However, the Montreal-based company is making the investment conditional on reaching terms with the United Steelworkers union and with the Township of Ignace regarding matters unspecified. The firm says the sawmill would go back into production in 2014 just as demand for lumber is expected to recover after years of weak U.S. housing starts.


The union representing flight attendants of Canada's biggest airline says it hopes the federal government will not intervene in its current labour dispute. Air Canada's flight attendants voted against a tentative contract on Saturday that was reached earlier this month. There's no walkout planned, but the union says it will schedule a strike vote in September. It will also try to restart talks with the airline. Air Canada's customer service agents walked off the job for three days in June before they were legislated back to work.


TSX on Monday: 12,505 + 177. Dollar: US$1.02, down .15. Euro: $1.41, down .10. Oil: $87.43 + $2.06.




Victoria's Stuart Anderson drained a 25-foot putt

on the second playoff hole to beat Richard Scott of Kingsville,

Ont., at the 2011 Canadian Tour Championship.

Anderson fired a final round 6-under 65 to post 21-under for the

tournament, which was enough to force a playoff at the 7,000-yard

Ambassador Golf Club.

Anderson's winning shot came just moments after he missed a

16-inch putt to seal the win on the first playoff hole.

Anderson picked up his fourth Canadian Tour win and second Tour

Championship of his career, in addition to the $32,000 winner's




British Columbia on Tuesday: rain, high C21 Vancouver. Yukon: mix sun cloud. Northwest Territories, Nunavut: rain. Whitehorse 18, Yellowknife 11, Iqaluit 9. Alberta: cloud north, rain south. Saskatchewan, Manitoba: rain. Edmonton 17, Regina 29, Winnipeg 28. Ontario: sun north, rain south. Quebec: sun. Toronto 28, Ottawa, Montreal 24. New Brunswick, Nova Scotia, Newfoundland and Labrador: mix sun cloud. Prince Edward Island: rain. Fredericton St. John's 22, Halifax 20, Charlottetown 21.

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