Friday, November 25, 2011

RCI Cyberjournal

Edition 24 November 2011
Canadian International Financial Sports Weather
Canadian

Canadian military's performance in Afghanistan feted


Prime Minister Stephen Harper and Gov. Gen. David Johnston paid warm tribute to the military today for its work in the Libyan campaign. Mr. Johnston thanked the troops for their efforts, speaking in the ornate, red-trimmed Senate chamber. The room was packed with uniforms from all three services. MPs, cabinet ministers and diplomats also looked on.

The prime minister called it "a day of honour." He told the audience that "soldier for soldier, sailor for sailor, airman for airman, the Canadian Armed Forces are the best in the world." The formal Parliament Hill ceremony recognized the efforts of the men and women who took part in the NATO campaign that helped force Moammar Gadhafi from power. Canadian warplanes flew hundreds of missions over the North African country in the spring and summer, while warships patrolled offshore. A group of seven CF-18 fighters enforced a no-fly zone and bombed Libyan arsenals and other targets. The ceremony featured a flypast by a variety of military aircraft, including a giant C-17 transport and a formation of CF-18 fighter-bombers.



Coffee chain shuts down Kabul operation


Coffee and doughnut chain Tim Hortons is closing its Kandahar outlet after five years in the war zone, shuttering its store on a Canadian military base as the country's troops leave Afghanistan. Opened on Canada Day 2006, the trailer-like restaurant catered to about 3,000 Canadian troops. The military mission ended in July, although a 950-strong force will stay to train Afghan soldiers and police.

The company said more than 230 people went to Kandahar to work at the base outlet, serving thousands of Canadian soldiers who were deployed over the five-year period. For this location, the company waived the usual fees and operating costs associated with running a franchise. Named for its hockey player founder, Tim Hortons dominates the coffee and light-lunch trade in its home market with its yellow and red stores. It says it brews eight in ten cups of coffee sold in Canada.



Occupy Toronto peters out


The symbolic centre of the Occupy movement's Canadian universe finally came apart Wednesday as authorities moved in to clear a downtown park, reducing a 39-day-old protest encampment to a jumble of tarpaulins, tent poles and mud. With garbage trucks poised to haul away the debris and busloads of baton-toting, armour-clad officers positioned nearby, the Toronto chapter of an international expression of dissent and disenchantment came to a peaceful and decidedly Canadian end.

The protest, which sprouted Oct. 15 on the doorstep of the city's financial district as part of a global expansion of similar occupations in the U.S., ended largely without incident.



Wheat Board holds probable last directors' meeting


The eight remaining farmer-elected directors of the Canadian Wheat Board have probably met for the last time. A meeting Wednesday in Winnipeg was the last one scheduled before a federal government bill to reorganize the board is likely to pass. The proposed legislation would strip the board of its western grain marketing monopoly and terminate the directors. Chairman Allen Oberg says there were no ceremonial actions taken at the meeting.

The board is to be in court Dec. 6 to apply for a judicial review of the minister's actions. The marketing agency claims Ritz is in breach of his statutory duty by failing to consult the board and failing to hold a vote to sound out the wishes of farmers before he introduced the legislation.





International

Egypt's military names new transitional leader


Egypt's ruling military council on Thursday charged former Prime Minister Kamal al-Ganzuri with forming a new cabinet. Mr. Ganzuri headed the government from 1996 to 1999, under ousted President Hosni Mubarak.

The reports of his appointment came after the military council on Tuesday accepted the resignation of caretaker Prime Minister Essam Sharaf's cabinet, amid spiralling unrest, and invited the country's political forces for crisis talks on the formation of a "national salvation" government. Born in 1933, Ganzuri served as minister of planning and international cooperation before his first tenure as Egyptian prime minister. He then made a name for himself by working to strengthen ties between Egypt and the World Bank and International Monetary Fund.



Yemenis protests despite president's announced departure


Yemeni President Ali Abdullah Saleh's agreement to step down failed to halt anti-government demonstrations or prevent violence Thursday as regime supporters killed five protesters demanding that the ousted leader be put on trial for crimes ranging from corruption to bloodshed during the current uprising.

Mr. Saleh signed the power-transfer deal, brokered by neighbouring countries, Wednesday in the Saudi capital Riyadh in exchange for immunity from prosecution. The president passed his presidential duties to his vice-president Abed Rabbo Mansour Hadi, effectively ending his 33-year rule.



Bombers kill 19 in Iraq


Security and medical officials say three bombs exploded in the southern port city of Basra on Thursday, killing 19 people and wounding at least 65. A roadside bomb and a motorcycle bomb exploded simultaneously in a market in central Basra. Following a common pattern in Iraq, a third roadside bomb went off as people gathered at the scene.



Arabs give Syria an ultimatum


An Arab League committee on Thursday gave Syria 24 hours to agree to allow an observer mission into the country, or it could face sanctions that include stopping financial dealings and freezing assets. The bloodshed in the country continued, with activists reporting at least 15 people killed, including civilians and security forces. Thursday's threat was a humiliating blow to Damascus, a founding member of the Arab League. It comes as international pressure mounts on President Bashar al-Assad to stop the brutal crackdown on an uprising against his regime. The U.N. says has at least 3,500 have been killed since mid-March.



Portuguese protest against austerity


A general strike halted public transport and factories in many parts of Portugal on Thursday and thousands marched against austerity measures imposed as the price of an EU/IMF bailout. The $100-billion rescue fund is designed to keep Portugal afloat and to help stem the euro zone's debt crisis, but the spending cuts have sent the country into its worst recession in decades.

Highlighting Portugal's economic woes, Fitch Ratings on Thursday cut its credit rating to junk. Thousands of protesters marched in Lisbon. They were protesting against job losses, tax hikes and pay cuts agreed between Portugal and the European Commission, European Central Bank and International Monetary Fund.



Belarussian rights figure convicted


Belarus' leading human rights activist was convicted of tax evasion and sentenced to 4.5 years in prison on Thursday at a trial condemned by U.S. and European Union officials as politically motivated. Ales Belyatsky heads Vesna, the ex-Soviet nation's most prominent rights group, which actively reported on alleged irregularities in last December's presidential election and the ensuing police crackdown on protests.

The election, in which authoritarian President Alexander Lukashenko won another term, was criticized by international observers and sparked a massive protest rally that was violently dispersed by police who arrested some 700 people, including seven of the nine presidential candidates.



Energy firm loses drilling rights in Brazil


The Brazilian government on Wednesday has suspended Chevron Corp's drilling rights in Brazil until it clarifies the causes of an offshore oil spill. The decision was announced as the chief executive of Chevron's Brazilian unit testified before the Brazilian Congress, where he publicly apologized for the Nov. 8 spill that leaked about 2,400 barrels of oil into the ocean off the coast of Rio de Janeiro.

Brazil's National Petroleum Agency said it decided to halt Chevron's drilling rights after determining that there was evidence that the company had been "negligent" in its study of data needed to drill. The agency also rejected a request fromChevron made before the leak to drill wells in the deeper subsalt areas in the Frade field where the spill occurred. The field is located in the oil-rich Campos Basin and is the only block in Brazil where Chevron produces oil as the operator. The Campos Basin is the source of more than 80 percent of Brazil's oil output.





Financial

Hearings on TMX takeover start


Hearings have begun into the proposed takeover of the entity that controls the Toronto Stock Exchange. Quebec's securities regulator, l'Autorité des marchés financiers, held the first hearing in Montreal on Thursday. Maple Group Acquisitions, a coalition of Canadian financial institutions, has offered $3.8 billion to acquire TMX Group. The regulator asked representatives of Maple whether they were willing to clarify their commitments to maintaining Montreal as the Canadian centre for derivatives trading. Luc Bertrand, Maple's spokesman, responded that the existing commitments could not be stronger. Hearings by the Ontario Securities Commission into the proposed transaction start next week.



Saskatchewan drills


Oilwell drilling is predicted to remain strong in Saskatchewan next year. The Canadian Association of Oilwell Drilling Contractors forecasts activity will edge up one per cent in 2012. The Association says it's been a pretty strong year across Western Canada, but Saskatchewan is doing particularly well.

There are 140 rigs operating in the province right now,up from 110 units that were running in the first three months of this year. The Association says says the third quarter of 2011 was the strongest on record for Saskatchewan's drilling contractors, partly because work that was postponed by floods and wildfires in the spring finally got underway.



Markets


TSX on Thursday: 11,485 - 86. Dollar: US.95. Euro: $1.39. Oil: $97.03 + .86.





Sports

Sports


HOCKEY

National Hockey League disciplinarian Brendan Shanahan is still working even though it's a U.S. holiday. He's meeting with Winnipeg's Zach Bogosian and the New York Rangers' Andre Deveaux after incidents in Wednesday night's games. There were no games on the NHL schedule Thursday.

FOOTBALL

Vancouver police aren't expecting a replay of any

violence similar to the Stanley Cup riot as thousands of football

fans converge on the city for Sunday's Grey Cup game.

Police spokesman Const. Lindsey Houghton says for starters, there

won't be any outdoor screens for people to watch the match between

the B.C. Lions and the Winnipeg Blue Bombers.

A report on the June riot notes the violence following the final

Stanley Cup game resulted partly from up to 100,000 people watching

HOCKEY

National Hockey League disciplinarian Brendan Shanahan is still working even though it's a U.S. holiday. He's meeting with Winnipeg's Zach Bogosian and the New York Rangers' Andre Deveaux after incidents in Wednesday night's games. There were no games on the NHL schedule Thursday.

FOOTBALL

Vancouver police aren't expecting a replay of any

violence similar to the Stanley Cup riot as thousands of football

fans converge on the city for Sunday's Grey Cup game.

Police spokesman Const. Lindsey Houghton says for starters, there

won't be any outdoor screens for people to watch the match between

the B.C. Lions and the Winnipeg Blue Bombers.

A report on the June riot notes the violence following the final

Stanley Cup game resulted partly from up to 100,000 people watching

the action on giant screens downtown.





Weather

Weather


British Columbia on Friday: sun north, rain south, high C9 Vancouver. Yukon, Northwest Territories: snow. Nunavut: mix sun cloud. Whitehorse -16, Yellowknife -6, Iqaluit -26. Prairies: snow. Edmonton, Winnipeg 1, Regina 4. Ontario, Quebec: mix sun cloud. Toronto 13, Ottawa 11, Montreal 9. New Brunswick, Nova Scotia: mix sun cloud. Prince Edward Island: rain. Newfoundland and Labrador: snow. Fredericton 8, Halifax 7, Charlottetown 6, St. John's 0.





Radio Canada International reproduction rights and reserved broadcast

Click here if you do not see the message correctlyUnsubscribe