Thursday, December 22, 2011

RCI Cyberjournal

Edition 21 December 2011
Canadian Financial Sports Weather

Fallen bishop apologizes

An apology was issued in a Canadian court Tuesday by former Roman Catholic bishop Raymond Lahey, who was arrested with hundreds of pornographic photos of young boys. Lahey says his addiction to Internet pornography went against his moral principles. It's the first time Lahey spoke in public since he was arrested in 2009 at the airport in Canada's federal capital Ottawa. He will be sentenced on Jan. 4 on one count of importing child pornography.

Opposition suspects NDP maneuvre

Ontario Progressive Conservative Leader Tim Hudak said Wednesday that the minority Liberal government should not "get into bed" with the New Democrats and agree to delay a cut in Ontario's corporate tax rate, The province is scheduled to cut the business tax rate from 11.5 to 10 per cent in 2013, but the NDP wants that delayed, saying the government can't afford billions of dollars in tax cuts while it's under a credit watch because of a $16 billion deficit. Mr. Hukak says it now looks like the Liberals will postpone the tax cut in exchange for NDP support. However, he now insists delaying a tax cut amounts to a tax hike, something he warned was absolutely the wrong policy when the province needs more private sector jobs.

HIV vaccine tests to start

Researchers at a Canadian university have been given permission to test on humans an experimental vaccine against HIV. The vaccine was developed by researchers at the University of Western Ontario. However, the U.S. Food and Drug Administration says the initial trial will only determine the vaccine's safety, not if it works to prevent infection with the virus. If it's found to be safe, the vaccine will have to go through two more clinical trials that prove it works before it can be brought to market.

Canadian PM pays tribute to Czech hero

Canadian Prime Minister Stephen Harper has paid his formal respects to the late Czech leader Vaclav Havel, calling him one of the great men of the age. The prime minister signed a book of condolences for Havel at the Czech embassy. The former president of the Czech Republic and Czechoslovakia, died during the weekend at 75. Mr. Havel was the leader of his country's anti-communist Velvet Revolution in 1989.

Gov. Gen. David Johnston will attend Havel's state funeral Friday at St. Vitus' Cathedral at the historic Prague Castle. Among Mr. Havel's many international honours was his honorary Companion of the Order of Canada. The casket bearing Havel's body was being transported from the Prague Crossroads, the former church Havel turned into a cultural centre, to Prague Castle, the seat of the presidency.


Calls comes to save sole locomotive factory

Canada's largest private sector union is calling on Ottawa to review the purchase of Canada's only locomotive manufacturing plant by U.S.-based Caterpillar Inc. back in 2010. The Canadian Auto Workers union says hundreds of jobs at the Electro-Motive plant in London, ON., are potentially at stake. In a letter to Prime Minister Stephen Harper, CAW president Ken Lewenza said the future of the plant is in peril.

The CAW Local 27 represents 650 production and skilled trades workers at the plant. Under the Investment Canada Act, notification of the acquisition of Electro-Motive was filed with the minister of industry and approved. Caterpillar bought the London plant in June 2010, but within less than a year of the purchase three other locations in the U.S., Mexico and Brazil were scheduled to locomotives now built in London.


TSX on Wednesday: 11,754 + 37. Dollar: US.97. Euro: $1.33. Oil: $97.22 + $3.34.




A World Cup snowboard first for Canadian Caroline Calve. The 31-year-old native of Aylmer, Quebec, won a women's parallel giant slalom event for her first career World Cup win. She finished more than three seconds ahead of her German opponent.



Yukon: snow rain. Northwest Territories: sun. Nunavut: snow. Whitehorse 3, Yellowknife, Iqaluit -17. British Columbia: sun. Vancouver 4. Prairies: mix sun cloud. Edmonton 2, Regina 4, Winnipeg -7. Ontario, Quebec: cloud. Toronto 6, Ottawa 0, Montreal -1. Atlantic Canada: cloud rain. Halifax 8, St. John's 6.

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