Canada monitors CN Rail labor dispute ahead of Oct. 21 talks
lawmakers to take urgent action to end the deadlock. A failure to resolve the situation in the U.S. would have global consequences, Canadian Finance Minister Jim Flaherty told reporters Oct. 11 in Washington. The share of Canadians who believe the economy will become stronger over the next year fell to 19.9 percent last week from 21.0 percent the previous week and 22.4 percent two weeks earlier. Those who expect it to weaken has increased to 20.2 percent from 16.5 percent over that time. We will need to continue to monitor Canadian consumer confidence in light of the budget gridlock in the United States , said Nik Nanos , chairman of Nanos Research Group, an Ottawa-based research company. Falling Expectations The Bloomberg Nanos Canadian Confidence Index has two sub-indexes: the Bloomberg Nanos Canadian Pocketbook Index on personal finances, and the Bloomberg Nanos Expectations Index on future views. The data in the indexes date to 2008 and is based on phone interviews with 1,000 people, using a four-week rolling average of 250 respondents. The results are accurate to within 3.1 percentage points. The expectations index, based on surveys for the outlook for the economy and real estate prices, fell to 56.2 from 57.3 on waning expectations for economic growth.
cents * C$ weakens to multi-month lows against Aussie and New Zealand dollars * Bond prices mostly lower across curve By Solarina Ho TORONTO, Oct 15 (Reuters) – The Canadian dollar was weaker against its U.S. counterpart on Tuesday as talks between Washington lawmakers over raising the U.S. debt ceiling stalled just days ahead of when the U.S. Treasury says the government will reach its borrowing limit. The Senate halted discussions on its own plan, as it waited for the fractious Republican-controlled House of Representatives to come up with an alternative proposal before Oct. 17, when the government is expected to reach its limit of $16.7 trillion. The U.S. government shutdown and any economic impact from defaulting would not bode well for Canada, whose largest trading partner is the United States. “It’s really hard to trace a lot of flows, there’s really not a lot of risk from people on the table … there’s too much uncertainty and we’re just waiting for stuff to clear in Washington,” said Darcy Browne, Managing Director at Capital Markets Trading, CIBC. “Dollar/Canada’s really kind of smack in the middle of the range and unattractive. There just hasn’t been a story there.” The Canadian dollar finished its North American session at C$1.0380 versus the greenback, or 96.34 U.S. cents, softer than Monday’s Thanksgiving holiday close at C$1.0349, or 96.63 U.S. cents. The Canadian dollar’s performance was mostly weaker against other key currencies.
Canada’s relations with aboriginals in ‘crisis’: UN envoy
(Photo: Brian Jenkins, for the Burlington Free Press) Story Highlights Canadians build 3-0 lead, hang on to win by a goal U.S. coach: “We played probably 18 minutes of really hard-nosed USA hockey, so we’ve got a ways to go” Scuffle breaks out at end after USA player collides with Canadian goalie SHARE 4 CONNECT 8 TWEET COMMENTEMAILMORE BURLINGTON, Vt. – It’s a long road to the Winter Olympics in Sochi, Russia, and two North American rivals took one more step along the way as Canada held fast for a 3-2 victory against the USA women’s hockey team at Gutterson Fieldhouse on Saturday night. “You better be ready to play when the puck drops and play 60 minutes of hockey,” said USA coach Katie Stone after her team turned in a lackluster opening 40 minutes. “We played probably 18 minutes of really hard-nosed USA hockey, so we’ve got a ways to go,” Stone said after Canada built a 3-0 lead and absorbed the USA’s late two-goal counterattack. “We kind of floundered a little bit early on but we’ll get there,” Stone said. “The good news is we came on as the game went on. We scored two goals, we put a ton of pressure on them at the end We need to start faster.” Canada had the edge in offensive zone time in a scoreless first period, netted two goals in the second and pushed the lead to 3-0 early in the third. The USA broke through with a two-player advantage power play goal at mid-third, cut the deficit to one with 5:31 remaining and drove hard to the finish. Those final minutes included not only several good USA chances but a skirmish that earned two players on each team five-minute roughing majors and game misconducts after USA forward Jocelyne Lamoureux collided with Canada goalie Shannon Szabados at 16:53. Szabados sprawled on the ice and her teammates came to her defense, setting off a lengthy tussle in the corner. “It happens from time to time,” said longtime Canadian team member Hayley Wickenheiser of the scuffle, recalling a 2010 incident. In the first period, Canada had a 5-4 edge in shots that failed to reflect its territorial control. The USA’s game was disjointed but the Americans’ speed still led to a couple of quality chances that Szabados (15 saves) rejected.
CANADA FX DEBT-C$ softens as U.S. debt deal talks stall
The message came Tuesday from James Anaya, the UN special rapporteur on the rights of indigenous peoples, who wrapped up an eight-day factfinding trip to Canada with an impassioned news conference near Parliament Hill. In a sharply worded statement, he called on the Conservative government to grant an extension to a commission studying the residential schools saga, move more slowly on plans for a bill to reform aboriginal education and establish a public inquiry into missing and murdered aboriginal women. He said Canada has been a world leader on human rights and was one of the first countries to extend constitutional protection to aboriginals. “But despite positive steps, daunting challenges remain,” he said. “From all I have learned, I can only conclude that Canada faces a crisis when it comes to the situation of indigenous peoples of the country.” He said the “well-being gap” between aboriginals and nonaboriginals has not narrowed in recent years, treaty claims remain “persistently unresolved” and there is a high level of “distrust” among aboriginals toward the federal and provincial governments. “Canada consistently ranks near the top among countries with respect to human development standards, and yet amid this wealth and prosperity, aboriginal people live in conditions akin to those in countries that rank much lower and in which poverty abounds.” He said at least one in five aboriginal Canadians live in homes in need of serious repair, which are often also overcrowded and contaminated with mould. The suicide rate among Inuit and First Nations youth on reserve – more than five times greater than other Canadians – is “alarming,” he said. “One community I visited has suffered a suicide every six weeks since the start of this year. Aboriginal women are eight times more likely to be murdered than non-indigenous women and indigenous peoples face disproportionately high incarceration rates.” Amid all this, he said governments are taking steps to address the problems, but they have fallen far short of what is needed. Anaya said Prime Minister Stephen Harper’s government must spend more time truly consulting aboriginals. “If that doesn’t happen, the path forward is going to be a rocky one.” Anaya met last week with Aboriginal Affairs Minister Bernard Valcourt, who issued a written statement Tuesday which did not address his specific recommendations. Instead, Valcourt pointed to Anaya’s compliments of Canada and insisted that the Conservative government is preoccupied with the “well-being” of aboriginals and is taking “effective incremental steps” to make progress for them. After his tour of Canada – he met federal politicians in Ottawa and travelled to several provinces where he met aboriginals – Anaya will prepare a report that will be presented to the UN Human Rights Council in September of 2014. On Tuesday, he said it’s important for the government to seriously consider his preliminary recommendations, which include: Grant the Truth and Reconciliation Commission, tasked with getting the facts on the residential school scandal, an extension for “as long as may be necessary.” Recognize that “resource extraction” – such as oil and mining – should not occur on lands subject to aboriginal claims without “adequate consultations” and the “free, prior and informed consent” of the aboriginals affected.
In May 2012 Ottawa passed legislation that ended a strike at Canadian Pacific Railway Ltd, CN Rail’s main domestic rival. Leitch’s spokeswoman did not respond to a question about whether Ottawa would be prepared to intervene if CN Rail workers went on strike. @yahoofinance on Twitter, become a fan on Facebook Related Content Chart Your most recently viewed tickers will automatically show up here if you type a ticker in the “Enter symbol/company” at the bottom of this module. You need to enable your browser cookies to view your most recent quotes. Search for share prices Terms Quotes are real-time for NASDAQ, NYSE, and NYSEAmex when available. See also delay times for other exchanges . Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page . Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. All information provided “as is” for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.
Canada natives facing ‘crisis’: UN envoy
“From all I have learned, I can only conclude that Canada faces a crisis when it comes to the situation of indigenous peoples of the country.” He noted that the “wellbeing gap” between Canadian aboriginals and non-aboriginals has not narrowed over the last several years. He pointed, for example, to overcrowded, mouldy homes “in need of serious repair,” high suicide rates, and lack of educational and work opportunities in many aboriginal communities. “Overall there appear to be high levels of distrust among aboriginal peoples toward government(s),” he added. Anaya visited several aboriginal communities, and spoke with government officials over the past nine days. In his preliminary observations, he urged Ottawa to consult more with aboriginals on proposed education legislation, hold a national inquiry into missing and murdered aboriginal women, and prolong an ongoing Truth and Reconciliation Commission probing abuses at government-funded, church-run residential schools. “If that doesn’t happen, the path forward will be a rocky one,” he warned. The government has recently said no to all three. Anaya will soon present a more detailed report on the plight of Canadian natives, with recommendations, to the United Nations Human Rights Council. In it he is expected to also praise Canada for its process of settling land claims, remedying gender disparities in laws specific to natives, and “adopting the goal of reconciliation, to repair the legacy of past injustices” since Anaya’s predecessor last visited Canada in 2003. Conflicts with aboriginals arising over Canada’s burgeoning resource industry may also be featured in the report. Several tribes are protesting against new mines, pipelines and other resource projects in their traditional territories, either over environmental concerns or demands for a slice of royalties.