Tuesday, October 25, 2011

RCI Cyberjournal

Edition 24 October 2011
Canadian International Financial Sports Weather


The Canadian general in charge of NATO's air war in Libya says it will likely formally end this week. Lieut.-Gen. Charles Bouchard says forces loyal to the late dictator Moammar Gadhafi have no remaining command and control abilities so that the threat of new attacks is almost nil. NATO made a preliminary decision last week to end its seven-month operation to protect civilians from Gadhafi forces on Oct. 31. Gen. Bouchard says there are likely "individuals" still out there but that the country's National Transitional Council is already forming a police force to deal with eventualities. In related news, the United States has urged Libya to uphold human rights and to probe a report of summary executions of Kadhafi loyalists, calling the allegations "extremely disturbing." The U.S. State Department also called on Libya to respect the rights of women after Mustafa Abdel Jalil, the interim leader in the wake of the NATO-led intervention, spoke of the imposition of Islamic sharia law including polygamy.


There's a report that the G20 grouping of nations is set to name the head of Canada's central bank to lead the Financial Stability Board. According to the Canadian Press, G20 leaders will name Mark Carney to the job when they meet in France late next week. The agency says his nomination is a sure thing barring an unexpected veto. The nomination would place the Canadian at the forefront of international banking reform. Mr. Carney will be issuing forecasts about the Canadian economy on Tuesday and Wednesday.


Canada's natural resources minister, Joe Oliver, is challenging a European Union proposal that would discriminate against crude oil from the oilsands in the western canadian province of Alberta. Mr. Oliver is dismissing complaints that the oilsands have a greater carbon gas pollution than conventional production. In a letter to the EU energy commissioner, Mr. Oliver says other oil sources produce the same or even greater amounts of greenhouse gases.


An official at the U.S.-based aircraft manufacturer, Lockheed Martin, says the company is working hard to fix a problem with the new fighter jets that Canada has ordered. The problem is that the F-35 warplanes do not have the satellite communications ability that they will need while flying in the high Arctic region. The aircraft manufacturer says the F-35 will eventually have that ability, but the software will not be available in the initial production run. The company says it's expected to be added to the aircraft when production reaches its fourth phase in 2019.



The death toll in Turkey's earthquake on Sunday has risen to at least 279 and likely killed several hundred more whose bodies are buried under rubble. The quake occurred in the city of Ercis in the southwestern province of Van. Prime Minister Tayypi Erdogan flew to the area on Monday to assess the damage. The Turkish Red Crescent has set up a tent city in Ercis to shelter the survivors.


A human rights groups has found 53 bodies, apparently of loyalists to the late leader Moammar Gadhafi, who may have been executed by revolutionary forces. Human Rights Watch says the discovery in Gadhafi's hometown of Sirte appears to be part of a trend of abuses committed by rebel fighters who consider themselves above the law. The group urged Libyan authorities to control its armed groups. The discovery came to light as Libya's new leaders declared the country liberated following an eight-month civil war.


The United States is withdrawing its ambassador to Syria, Robert Ford, because of threats to his personal safety. Mr. Ford, who had upset Syrian leaders by publicly supporting protesters challenging 41 years of rule by the Assad family, has returned to Washington. The crackdown in Syria has been ongoing since March. Last month pro-government demonstrators threw rocks and tomatoes at Mr. Ford and his aides, as well as attacking their cars with metal bars, during their visit with an opposition figure in Damascus. Mr. Ford arrived in Damascus in January and became the first U.S. ambassador to Syria in five years.


The United Nations has urged regional powers to put politics aside amid a worsening food crisis in North Korea. The country's chronic food shortages have been compounded since the end of 2008 by a change in policy by the South Korean and U.S. governments, which suspended food assistance over the North's nuclear program and food-monitoring problems. At the same time, China has also cut food aid to its ally. The UN estimates that more than six million North Koreans urgently need food.


At least five people were killed Monday in Iraq's capital Baghdad. Bombers and gunmen were targeting Iraqi traffic police across the city. At least two policemen were killed in the attacks in four areas of the city. Insurgent attacks on the usually unarmed traffic police have been rare. But Iraq started to arm some traffic police after attacks last year that killed dozens of them.


NATO says that about 200 Taliban-linked militants had been killed or captured in major military operations along Afghanistan's eastern border with Pakistan. NATO says that hundreds of Afghan troops supported by the U.S.-led International Security Assistance Force have been involved in a major offensive announced by U.S. Secretary of State Hillary Clinton during her visit to Islamabad last week. The crackdown focused on insurgents of the al-Haqqani group.


There were two apparent terrorist bombing in Kenya's capital Nairobi on Monday. The blasts in a working class neighbourhood left one dead and about a dozen wounded. On Saturday, the U.S. warned that the Somali Islamist group al-Shebab warned of possible terrorist attacks in retaliation for the Kenyan incursion into Somalia in response to a series of cross-border kidnappings.



Canadian meat producers are urging the government of Canada to expedite a free trade agreement with South Korea. Associations representing both pork and beef producers point to a similar deal signed recently between the United States and South Korea. That deal will result in much lower tariffs on the beef and pork products the U.S. exports to Korea, placing Canadian exporters at a severe disadvantage. The Canadian lobbies say that many millions of dollars in sales, as well as countless Canadian jobs, are at stake.


A conference on shale gas production took place in Montreal on Monday. The participants were unanimous that fears about the new industry are baseless. The president of Quebec City-based Junex Inc. says there will always be skeptics but that critics will be relieved when more information about the extraction of gas from shale formation through hydraulic fracturing comes out. Peter Dorrins says the state of New York and the U.S. Energy Department have concluded that possible harm from "fracking" is remote. New York has imposed a moratorium on the process but it is scheduled to be lifted. Critics of fracking say that pumping huge volumes of water, chemicals and sand under pressure into shale formations will cause serious environmental damage, including the poisoning of drinking water.


TSX on Monday: 12,162 + 213. Dollar: US.99. Euro: $1.39. Oil: $91.33 + 3.93.




Canada's Sultana Frizell celebrated her

birthday with a silver-medal performance at the Pan American Games in Guadalajara, Mexico.

The Perth, Ont., native, who turned 27 on Monday, finished second

in the women's hammer throw with a toss of 70.11 metres.

Yipsi Morena of Cuba threw 75.62 to win the gold while Amber

Campbell of the U.S. took bronze with a throw of 69.93.

Canada's men's field hockey team blanked Barbados 10-0 to finish

up the preliminary round undefeated.


Canada will play in a group with Costa Rica, Cuba and Haiti at the CONCACAF women's Olympic Games soccer qualifying tournament in January.

Canada is the top-seeded team in Group A.

Joining the U.S. in Group B are Mexico, Guatemala and the Dominican Republic.

The eight-team tournament will be held January 19 to 29 at B.C. Place in Vancouver. The top two teams advance to next summer's Olympic Games in London.

The U.S., Canada, Mexico and Costa Rica are the favourites to represent the region that covers North American, Central America and the Caribbean



British Columbia on Tuesday: sun south, mix sun cloud north, high C11 Vancouver. Yukon: rain. Northwest Territories: mix sun cloud. Nunavut: mix sun cloud flurries. Whitehorse 5, Yellowknife 4, Iqaluit -1. Alberta: mix sun cloud. Saskatchewan: mix sun cloud north, rain south. Manitoba: sun. Edmonton 7, Regina 6, Winnipeg 9. Ontario: rain south, mix sun cloud north. Quebec: mix sun cloud. Toronto 14, Ottawa 13, Montreal 10. Atlantic Canada: rain. Fredericton 10, Halifax 12, Charlottetown 11, St. John's 9.

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