Friday, June 8, 2012

RCI Cyberjournal

Edition du 7 June 2012
Canadian International Financial Sports Weather
Canadian

Prime Minister Harper urging quick action to solve eurozone crisis
Canadian Prime Minister Stephen Harper is urging the eurozone to forge stronger political ties as a way of coping with its debt crisis. Mr. Harper says that the eurozone lacks what he called strong institutional structures such as a central bank authority capable of bolstering a monetary union. He also suggested creating a strong central government that could regulate monetary policy. The Canadian prime minister stressed the need for quick action to end the debt crisis. Mr. Harper spoke in Paris, where he met on Thursday morning withFrance's newly elected president, Francois Hollande. The same day, Germany's chancellor, Angela Merkel, also urged eurozone countries to create common budget policies and to relinquish some of their powers gradually to a European authority.


Parents of murdered Chinese student arrive in Montreal


The family of a murdered Chinese university student has arrived in Canada to retrieve his body. Jun Lin was slain last month in Montreal and his body was dismembered. In a macabre move, parts of the body were sent by mail to two Canadian political party headquarters in Ottawa. The torso was found in an alley near the home of the suspected killer, Luka Magnotta. Magnotta fled to Germany, where he was captured this week. He awaits extradition to Canada on murder charges. The victim's parents have discussed the murder investigation with Montreal police. Montreal police are still awaiting confirmation that a human hand and foot mailed to Vancouver this week also belong to Mr. Lin. Mr. Lin was a popular student at Montreal's Concordia University. The university has offered to hold a public memorial for Mr. Lin if the parents agree.


Suspects sought in Montreal smoke bomb protests

Canadian police in Montreal have arrested five suspects in connection with a protest in the city's metro system last month. One of those arrested was the daughter of an opposition member of Quebec's National Assembly, Amir Khadr. Mr. Khadr was arrested two days ago on charges of blocking a street during a protest demonstration, but was released after paying a fine. Eight other people are still being sought. They could face various charges, including mischief, conspiracy, along with a serious charge of staging a terrorist hoax. Smoke bombs were thrown on the metro tracks, forcing train service to stop and leading to an evacuation of the metro during peak commuter hours. Suspicion focused on students who've been protesting for the past three months against the Quebec government's plan to raise college tuition fees over the next seven years. Mass protests were held in Montreal almost daily for the past month. Student leaders and the government have been unable to negotiate a solution. Both sides accuse the other of failing to listen. Downtown Montreal businesses have complained that the mass demonstration have kept customers from the downtown core. There are fears that demonstrators will try to disrupt the Formula One Grand Prix auto race in Montreal this weekend. The Grand Prix is a major draw for tourists, but race organizers say that ticket sales this year have significantly dropped as a result of the student protests.
 



Missing Women inquiry ends
After more than seven months of testimony, an inquiry into the disappearance of women in Vancouver has ended. The Missing Women inquiry will issue its final report on October 31. It will include recommendations for improving police investigations. The inquiry was set up to investigate why police failed to heed clues that would have led them earlier to arrest Robert Picton, a suspect in the disappearance of several women in the Vancouver area. Police testimony during the inquiry revealed that police failed to follow up on strong indications that Picton was kidnapping prostitutes and murdering them on his pig farm. Police admitted that an earlier arrest might have saved the lives of several murder victims. Picton was convicted of the murders in 2007 and is serving a life prison sentence.


Canada's biggest city bans plastic bags
Canada's biggest city has decided to ban the use of plastic shopping bags. Toronto city council voted in favour of the ban on Wednesday. The ban goes into effect in January. Plastic bags resist decomposition in garbage dumps, causing long-range pollution. Mayor Bob Ford opposed the ban and accused the council of making a dumb decision. Opponents of the ban say that the council failed to consult first with consumers and retailers.




International

Another massacre reported in Syria

More civilians have been reported killed in a massacre in Syria. The Observatory for Human Rights says that 78 died in an attack overnight on villagers in Mazraat al-Qubeir. Among the victims were women and children. Some of them were deliberately stabbed and their bodies burned. Syria's government rejected accusations that its forces were responsible, blaming terrorists instead. Last month, the international community reacted with horror at the massacre of 108 civilians in Syria's town of Houla. Canada's foreign affairs minister, John Baird, said in a statement that he was deeply disturbed by the reports of new attacks. He called on those responsible to be held to account. United Nations observers came under small-arms fire when they tried to reach the site of the latest attack to investigate the alleged massacre. The observer team will try again to reach the site on Friday.
 



Asian bloc urging domestic solution to Syrian crisis
The six-nation Shanghai Cooperation Organization is urging the international community to allow Syria to find a domestic solution for its crisis. The SCO is a group of Asian nations dominated by Russia and China. The group is holding its annual summit in Beijing. In a joint statement, the group called on all violent behaviour in Syria to stop, saying that a resolution of the crisis should come through broad dialogue that respects Syria's sovereignty and independence. Meanwhile, the United Nations special envoy, Kofi Annan, is calling for world powers and regional nations to meet and propose a strategy to end Syria's conflict.


Bomb kills 14 in Pakistan
A bomb has killed 14 people in the city of Quetta in Pakistan's southwestern Baluchistan province. More than 40 others were wounded. The bomb was fixed to a bicycle parked next to a religious seminary where students and parents had gathered for a graduation ceremony. Several militant groups are active in Baluchistan. Pro-Taliban militants are active in the province. Sunni Muslim militants also regularly carry out attacks on Baluchistan's Shi'ite minority.


In stimulus bid, China reduces key lending rate
For the first time in almost four years, China is going to cut its benchmark lending rate. On Friday, the rate will fall by one quarter of a percentage point to six-point-31 per cent. China is making the move in an effort to stimulate spending and reverse an economic downturn. China's government is also planning to invest billions of dollars into infrastructure programs such as low-cost housing and airports. The government is proceeding cautiously, however. Four years ago, the government's huge stimulus program led to inflation and wasteful building.


United States seeking to ease trade with Russia
The U.S. trade representative, Ron Kirk says that his top priority is removing trade restrictions on Russia. During the Cold War, the United States enforced the Jackson-Vanik amendment that denied normal trade with countries that restricted emigration. The Soviet Union fell under the law because it made emigration difficult for Jews. Russia lifted emigration hurdles in 1991, but the U.S. law remains in force. Investors and Russian politicians call the law an irritant to trade. Mr. Kirk says that he'll move to remove the Jackson-Vanik amendment as soon as Russia becomes a member of the World Trade Organization. The WTO is expected to ratify Russia's membership next month.


Deposed Egyptian president, Hosni Mubarak, on oxygen
Doctors in Egypt are administering oxygen to former president Hosni Mubarak. Mubarak suffered breathing difficulties and other health problems after he was sentenced to life imprisonment last week. He was convicted of failing to stop violence against anti-government protesters during mass demonstrations in Cairo last year. His health has deteriorated since his conviction. But Mubarak and his two sons were acquitted of corruption charges. The sons still face other criminal charges. Their acquittals set off a new wave of mass protests in Cairo's Tahrir Square and other cities. Egypt is holding a presidential runoff on June 16-17 in which Mubarak's former prime minister, Ahmed Shafiq is competing with Mohammed Morsi of the Islamist Brotherhood.




Financial

Air Canada and Aveos reach deal
Canada's biggest airline, Air Canada, has reached an agreement that could help its former maintenance company to find a buyer. Aveos Fleet Performance was the main overhaul service for Air Canada until the airline abruptly ceased operations with Aveos three months ago. More than 2,600 employees across the country were put out of work. A court-appointed monitor assisting with Aveos's restructuring says a compromise deal between Air Canada and Aveos should help Aveos find a buyer. So far, no buyer has come forward.


China to install more Imax theatres
China is going to install more Imax big screens. Imax Corporation of Toronto has signed a deal with Chinese theatre company Omnijoi Cinema Development to install five new Imax theatres. Omnijoi Cinema has commited to install 13 Imax
theatres. One is already open in Suzhou. Another will open in Nanjing in July. The new contract will raise the total number of Imax theatres either open or scheduled to open in China to 225.




Sports

SPORTS

TENNIS
Canadian Daniel Nestor and his partner Max Mirnyi of Belarus reached a third straight French Open men's doubles final on Thursday, beating Italians Daniele Bracciali and Potito Starace, 6-3, 6-4. Nestor and Mirny won the trophy last year. Nestor also won it in 2010 with former partner Nenad Zimonjic of Serbia. In the junior event, Canadian Filip Peliwo moved into the semifinals with a 6-4, 6-1 win on Thursday over American Noah Rubin.

HOCKEY
In the Stanley Cup finals on Wednesday, the New Jersey Devils beat the Los Angeles Kings, 3-1, to force another game in their series. The Kings lead three games to one in the best-of-five series.

BASEBALL
The Toronto Blue Jays beat the Chicago White Sox, 4-0, on Wednesday. Brandon Morrow pitched a two-hitter for his third shutout this season.







Weather

CANADA WEATHER
Here is Canada's weather forecast for Thursday, June 7. British Columbia will have rain. The high temperature in Vancouver will be 15 degrees Celsius. The Yukon: rain. Whitehorse, 14. Northwest Territories: sunny. Yellowknife, 25. Nunavut: overcast. Iqaluit, five. Alberta: sunny. Edmonton, 21. Saskatchewan: variable cloudiness. Regina, 21. Manitoba: increasing cloudiness. Winnipeg, 29. Ontario: few showers. Toronto: 25. Ottawa, 24. Quebec: sunny periods. Montreal, 21. New Brunswick: showers. Fredericton, 20. Nova Scotia: showers. Halifax, 15. Prince Edward Island: drizzle. Charlottetown, 14. Newfoundland: mainly cloudy. St. John's, nine.






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