Saturday, June 9, 2012

RCI Cyberjournal

Edition du 8 June 2012
Canadian International Financial Sports Weather

Canada says 'no' to euro bailout
Canada is balking at contributing to an international bailout fund for Europe. The International Monetary Fund is trying to raise $430-billion, but Canadian Prime Minister Stephen Harper has so far refused to commit Canada. In an interview with the Financial Times, Mr. Harper said Europe, which he described as one of the wealthiest parts of the planet, should do more itself before asking for help from the International Monetary Fund to deal with its debt crisis. His stance provoked some irritation in Germany. Its ambassador to Canada, Georg Witschel, told the Globe and Mail newspaper that his country finds it "...somewhat irritating and somewhat disappointing that Canada is so adamantly refusing to help." He cautioned that a major problem in the euro zone would have major negative economic repurcussions on Canada. Sources in Brussels and Berlin said on Friday that Spain is expected to ask the euro zone for help with recapitalising its banks this weekend. It would become the fourth country to seek assistance since Europe's debt crisis began.

Murder victim to be honoured
Concordia University in Montreal announced Friday it is establishing the Jun Lin Family Fund and the Jun Lin Award, named for the 33-year-old engineering and computer science student whose dismembered torso was found in a suitcase outside a Montreal apartment building last month. Chris Mota, a spokeswoman for Concordia University, said Friday there had been a flood of calls and emails offering any kind of help for the family, devastated by the murder-dismemberment that has attracted worldwide attention. "I can't tell you the number of people who have reached out to us, through emails, through phone calls, our alumni, people as far as Hong Kong, people who have no connection to the university, companies who've called and said, 'We'll offer services, what do they need,"' Mota said. Small shrines have popped up near the university and in the convenience store where Lin worked, with people leaving flowers and messages expressing their sympathy. Luka Rocco Magnotta was arrested in Germany on Monday after an international manhunt. He is awaiting extradition back to Canada to face first-degree murder charges in Lin's murder.

NDP 'by a hair'
It's not much, but the opposition New Democratic Party has surpassed the ruling Conservatives by one-tenth of a point in a new public opinion survery. Pollster Nik Nanos said this is the first time in Nanos tracking history that the NDP has numerically surpassed the Conservatives. The Nanos poll on Friday had the NDP, led by Tom Mulcair, at 33.6 percent of decided voters and the Conservatives, led by Prime Minister Stephen Harper, at 33.5 percent, with the more centrist Liberals at 24.9 percent. Nanos surveyed 1,201 Canadians by telephone and found 1,006 committed voters. A sample of 1,006 is considered accurate to within 3.1 percentage points, 19 times out of 20.

Making room for Rae
It appears Bob Rae wants to run for the leadership of Canada's federal opposition Liberal party. Mr.Rae is acting as the Liberal's interim leader. And under party rules, it means he can't roll that into a permanent posting. The Canadian Broadcasting Corporation is reporting that the party is changing the rules, and Mr. Rae will be allowed to enter the leadership race. He is expected to resign as interim leader and begin building a campaign team in the next several weeks.

Legislation proposes improvements to food inspection

Canada's government wants to improve the nation's food inspection system. Agriculture Minister Gerry Ritz has introduced legislation to impose stricter control of food imports and exports. The bill includes much bigger fines for violations. Health Minister Leona Aglukkaq says that the bill would also lead to faster approval of safe and innovative products.

Canada-bound Iraqi refugees stuck in Syria
Thousands of Iraqi refugees who have been approved to come to Canada have been caught in the violence in Syria. When Canada shut down its embassy in Damascus due to the unrest sweeping Syria, officials stopped processing immigration applications from Iraqis. The applicants' family and sponsors in Canada are fearing for their safety. Last month, Canadian immigration officials said they planned to resume processing the applications using video conferencing with officials with other visa offices in the region. But now the government refuses to say whether that has begun. The applicants' family and sponsors in Canada are fearing for their safety.

Royal Canadian Navy intercepts alleged narco-terrorists
The Canadian frigate HMCS Charlottetown intercepted an illicit drug shipment in the Gulf of Aden on the west side of the Arabian Sea, north of Somalia. And Cmdr. Wade Carter believes the traffickers had links to terrorist organizations. Carter says the navy believes some profits from the drugs run between the coast of Pakistan and coastal nations in east Africa are used to fund terrorism and the purchase of arms. The capture last month came after an unmanned aerial vehicle relayed information about a suspicious exchange between a small skiff meeting a dhow. Although some of the drugs were recovered, no arrests were made. The frigate has been conducting NATO counter-terrorism patrols in the Mediterranean since January.

Canada's unemployment rate unchanged
Canada's unemployment rate was unchanged last month. The rate remained at 7-point-3 per cent. The economy added 7,700 jobs during the month, which was slightly more than economists had expected. But job growth in the two previous months was the biggest in three decades, with a total of 140,000 jobs added.

Canadian trade deficit increases

Canada's trade deficit grew in April for the first time in six months. Statistics Canada says that the deficit was CDN$367 million. Exports fell one-point-two per cent while imports rose one-point-three per cent. The biggest fall in exports came in shipments of industrial goods and materials. There were also declines in shipments of machinery and equipment. Exports of energy products declined by just under one per cent mostly due to a reduction in energy prices. Imports edged up slightly to CDN$39.5 billion. Canada's trade surplus with its biggest trading partner, the United States, decreased to CDN$3.8 billion in April from $4.5billion in March. Canada's trade deficit with countries narrowed to CDN$4.2 billion from CDN$4.4 billion in March.

Police arrest 40 on eve of Montreal Grand Prix
About 40 people were arrested in Montreal on Thursday night as police continued to crack down on student demonstrators protesting against increases in college tuition fees. Demonstrators were detained when hundreds of protesters tried to disrupt downtown festivities surrounding the Formula One Grand Prix auto race this weekend. Grand Prix organizers say that the student protests during the past three months have led many racing fans to skip this year's race, which has failed to sell out for the first time in many years. Students are vowing to continue their protests. There are fears that demonstrators might risk their lives if they run across the track during the race. Negotiations between student leaders and Quebec's government have failed to resolve a crisis that's threatening Quebec's stability.

Floods lead to state of emergency in British Columbia town
A state of emergency was declared in Prince George, British Columbia, where floods are threatening homes. Seventeen houses near the Fraser River are being evacuated because of rising water levels. The region received as much as 75 millimetres of rain over the past two days.

Oil pipeline spill in Alberta
Close to 500-thousand litres of crude oil have spilled into a tributary of the Red Deer River in west central Alberta. Plains Midstream Canada says it closed its regional network of pipelines following the spill about 100 kilometres from Red Deer. Alberta energy regulators and government health and environment officials are monitoring water and air quality in the area. Plains Midstream continues to clean up an oilpipeline spill of more than four million litres that occurred last year northeast of Peace River, Alberta.

Subject of famous Vietnam war photo is honored
Recognition is being paid on Friday to the subject of one of the most famous photos of the Vietnam war. Kim Phuc Phan Thi was a nine-year-old child when she was photographed in 1972 fleeing naked with other children from a napalm strike in South Vietnam. The image by Trang Bang won a Pulitzer Prize and came to symbolize the horrors of the Vietnam War. Ms. Kim Phuc immigrated to Canada in 1992, and lives in Ajax, Ontario, not far from Toronto. Ms. Kim Phuc is being recognized at a ceremony marking the fortieth anniversary of the photograph.


IAEA stymied
A proposed investigation of Iran's nuclear program remains at an impasse. Herman Nackaerts, global head of inspections for the International Atomic Energy Agency, said that an eight-hour meeting at IAEA headquarters in Vienna ended without agreement on further talks. Six world powers were scrutinizing the IAEA-Iran meeting to judge whether the Iranians were ready to make concessions before a resumption of broader negotiations with them later this month in Moscow. The outcome may heighten Western suspicions that Iran is seeking to drag out the two sets of talks in a bid to buy time for its uranium enrichment programme. The IAEA had been pressing Iran for an agreement that would give its inspectors immediate access to the Parchin military complex, where it believes explosives tests relevant for the development of nuclear bombs have taken place, and suspects Iran may now be cleaning the site of any incriminating evidence.

U.N. peacekeepers in Ivory Coast ambushed and killed
In Ivory Coast on Friday, seven United Nations peacekeepers from Niger were killed in an ambush. They were on patrol near the border with neighbouring Liberia. The attackers have not yet been identified. Ivory Coast, the world's top cocoa grower, is gradually recovering from months of violence last year that followed a 2010 election. New York-based Human Rights Watch warned earlier this week that Liberian mercenaries and Ivorian fighters who fought on behalf of the now deposed leader Laurent Gbagbo in the brief civil war last year were launching attacks on Ivory Coast from Liberia.

Deadly bomb blast in Nigeria
A deadly bomb blast has shaken a police headquarters in Nigeria's northeast Borno state. The number of fatalities was not immediately reported, but police say that five vans were needed to transport the dead. A witness says that most victims were police officers, but male and female civilians were also killed. The attack occurred on Friday in the city of Maiduguri. No group has claimed responsibility, but suspicion is falling on the extremist Islamist group Boko Haram. The group has often targeted police in its violent efforts to establish a Muslim state.

Refugee crisis mounting in Syria
The International Red Cross is drawing attention to the large number of Syrian civilians forced to flee their homes to escape fighting between government troops and rebels. The IRC estimates that the fighting has affected one-and-a-half million people. Thousands have fled across the border to refugee camps in Turkey. The IRC says that the conflict has deteriorated to the point where wartime rules governing civilians and detainees must apply. The IRC describes the situation is tense in many parts of Syria, not only in cities such as Houla and Hama, where civilian massacres were recently reported. Volunteers from the Syrian Red Crescent were trying to reach the village of Mazraat al-Qubeir, near Hama, where opposition activists said 78 people were shot this week.

United States seeking Russia's help in Syria crisis

The United States is increasing pressure on Russia to support a power transfer in Syria. A senior U.S. State Department official, Fred Hof, held talks in Moscow on Friday with Russian Deputy Foreign Ministers Gennady Gatilov and Mikhail Bogdanov. The United States says that it's time for President Bashar al-Assad to step down. The Russian Foreign Ministry described the talks as an exchange of opinions. Russia insists that government and anti-government forces in Syria must resolve the crisis on their own. Russia has used its veto in the United Nations Security Council to stop resolutions that would bring more pressure on President al-Assad. But prospects for a domestic solution in Syria are growing increasingly slim as the country moves closer to outright civil war.

China forging closer ties with Afghanistan
China is taking steps to strengthen its ties with Afghanistan. Following a meeting in Beijing, President Hu Jintao and Afghan President Hamid Karzai signed a joint declaration pledging wide-ranging cooperation. The two countries have agreed to exchange intelligence information, and to work together to fight terrorism, illegal immigration, illegal arms and drug trafficking. The two sides also promised to co-operate in fighting infectious diseases and in disaster prevention. Mr. Karzai repeated Afghanistan's support for China in combating Muslim ethnic Uighurs seeking a separatist state. Mr. Karzai is in Beijing as an invited observer at the annual summit of the Shanghai Cooperation Organization, a bloc of Asian countries dominated by Russia and China. China is seeking to play a bigger role in Afghanistan's post-war reconstruction.

Rally in Nepal aimed against interim prime minister
A huge rally gathered in Nepal's capital, Kathmandu, on Friday to demand the resignation of Prime Minister Baburam Bhattarai. About ten thousand heard pleas from leaders of the main opposition parties who have been seeking Mr. Bhattarai's resignation since the Constituent Assembly expired last month without writing a national constitution. Mr. Bhattarai heads a caretaker government until elections in November.


The S&P/TSX composite index fell 91.49 points to 11,500.63.
The Canadian dollar rose 0.08 of a cent to 97.37 cents US.
The Dow Jones industrial average was ahead 93.24 points to 12,554.2. The Nasdaq composite index was up 27.4 points to 2,858.42 and the S&P 500 index edged up 10.66 points to 1,325.65.
Oil lost 72 cents to US$84.10 an ounce.

Trade confidence rising
Export Development Canada's spring report on trade confidence finds exporting firms in Canada searching out new markets. It also finds them generally more upbeat about prospects than they were in the fall. Its April confidence index rose to 75.9. That is basically the same level it was last year at this time before the plunge in confidence during the fall survey, when the global situation appeared dire. An encouraging result from the survey of exporting firms is the finding that 35 per cent said they had entered new markets over the past two years, and another 21 per cent said they were planning to export to new foreign markets over the next two years.



The Canadian-owned thoroughbred, I'll Have Another, has been scratched from the Belmont Stakes on Saturday and has been retired from racing. The horse suffered a tendon injury during training. The horse won the first two jewels in the American triple crown, the Kentucky Derby and the Preakness.

Canadian Filip Peliwo reached a second straight Grand Slam final on Friday, defeating Czech Adam Pavlasek, 2-6, 7-6 (5), 6-0, in the boys semifinals at the French Open.

The Toronto Blue Jays lost to the Chicago White Sox on Thursday, 4-3, as Orlando Hudson singled in the winning run in the ninth inning.

Paul Mariner has been promoted to coach of Toronto FC. He was previously director of player development. He replaces Aron Winter. Toronto had one win and nine losses in the latest season.


Saturday, June 9, 2012
VANCOUVER: Mainly cloudy. High 17.
EDMONTON: Showers. Risk of a thunderstorm in the morning and afternoon. Wind becoming north 20 km/h in the afternoon. High 16.
CALGARY: Increasing cloudiness. 60 percent chance of showers in the afternoon. Showers beginning early in the evening. Risk of a thunderstorm in the afternoon and early in the evening. Amount 5 mm. Wind becoming northwest 30 km/h early in the evening then light in the evening. High 14.
SASKATOON: Rain ending early in the evening then a mix of sun and cloud with 60 percent chance of showers. Risk of a thunderstorm in the afternoon and early in the evening. Amount 10 to 20 mm. High 17.
REGINA: Rain ending in the afternoon then cloudy. Amount 10 mm. Wind east 30 km/h becoming northwest 30 near noon then light in the evening. High 17.
WINNIPEG: Mainly cloudy. 60 percent chance of showers or thunderstorms in the afternoon and evening. Wind becoming south 30 km/h early in the afternoon then light late in the evening. High 28.
TORONTO: Cloudy. 60 percent chance of showers in the morning and early in the afternoon with risk of a thunderstorm. Clearing in the evening. High 24.
OTTAWA: Mainly cloudy. 40 percent chance of showers in the afternoon and early in the evening with risk of a thunderstorm. High 21.
MONTREAL: Mainly sunny. High 23.
FREDERICTON: Showers. Amount 2 to 4 mm. High 16.
HALIFAX: Cloudy. A few showers beginning in the morning. Amount 2 to 4 mm. Fog patches. High 16.
CHARLOTTETOWN: Increasing cloudiness. 60 percent chance of showers early in the afternoon. A few showers beginning in the afternoon. Amount 2 mm. Wind becoming southeast 20 km/h in the afternoon. High 20.
ST. JOHN'S: Periods of drizzle ending in the morning then mainly cloudy. Fog patches dissipating in the morning. Wind northwest 20 km/h gusting to 40 becoming light in the afternoon. High 9.
HAPPY VALLEY - GOOSE BAY: A mix of sun and cloud. Wind becoming south 20 km/h in the morning. High 20.
WHITEHORSE: A mix of sun and cloud. Becoming sunny late in the afternoon. Wind becoming south 20 km/h late in the afternoon. High 19.
YELLOWKNIFE: Sunny. Low 8. High 14.
IQALUIT: Rain mixed with snow. Rainfall amount 10 to 20 mm. Wind southeast 30 km/h. High plus 3.

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