APTN National NewsPrime Minister Justin Trudeau is expected to meet with Indigenous leaders before the end of the year, according to the Prime Minister’s Office.The meeting will be timed to coincide with the release of the Truth and Reconciliation Commission’s (TRC) final report, the PMO said.This will be the first time the prime minister will meet at the same time with the leaders from all the major Indigenous organizations representing First Nation, Inuit, Metis and off-reserve Indigenous peoples since the days of the Liberal government of Paul Martin.Trudeau has already promised to implement all the TRC’s 94 recommendations which were released along with its interim report earlier this year.Leaders from the Assembly of First Nations, Inuit Tapiriit Kanatami, the Metis National Council, the Congress of Aboriginal Peoples and the Native Women’s Association of Canada are all expected to attend the meeting.Trudeau has also been invited to speak on the first day of next month’s AFN special chiefs assembly which will be held at a Gatineau, Que., casino, according to a draft agenda obtained by APTN National News. Trudeau is penciled-in to speak on Dec. 8 after AFN National Chief Perry Bellegarde’s welcome speech. It remains unclear whether Trudeau has accepted the invitation.Former prime minister Stephen Harper met with First Nation leaders twice during his nearly eight years in power, but little progress emerged from those encounters.The Trudeau government is also working toward launching pre-consultation on the promised inquiry into murdered and missing Indigenous women.Martin met with Indigenous leaders in the lead-up to the Kelowna Accord which died after his Liberal minority government fell in email@example.com@APTNNews
The Canadian PressMary Jane Hill wasn’t there to witness the birth of her grandchildren or to see them graduate from high school. She won’t be there when her daughter needs her most, when she’s in pain, or on her wedding day.These are the losses Vicki Hill says she’s suffered because of the death of her mother, whose naked body was found along British Columbia’s Highway of Tears in 1978.“I never knew her, but to me, in my eyes, she gave me life,” Hill told the national inquiry into missing and murdered Indigenous women on Tuesday. “Now I have to live without her.”Hill was the first family member to testify at an inquiry hearing in Smithers, B.C., on Tuesday. She spoke softly and slowly, and her 15-year-old daughter, Zoey Hill-Harris, comforted her as tears rolled down her face.She said she was only six months old when her mother died and has no memories of her. The murder was never solved and she has struggled to get information and documents from police, she said.Hill read from a coroner’s inquest report that concluded her 31-year-old mother died of bronchitis and pneumonia as a result of manslaughter. There was semen on her body and her clothes were discovered in an alley in Prince Rupert, 33 kilometres from where she was found dead, she said.Dozens of women have died or gone missing along the stretch of Highway 16 between Prince Rupert and Prince George, which has become known as the Highway of Tears.“I’m not only speaking for my mom, I’m speaking for the rest of the families. I feel their pain, I feel their hurt. I can see it. I’m not afraid,” she said. “Things have got to change, no matter what.”Hill called on the commissioners to listen to families and bring them justice, adding she wants to see improved cellphone service and transportation along the Highway of Tears.There is no cell service between Prince Rupert and Terrace, or in nearby Moricetown, she said, and she’s never seen phone booths or emergency telephones, either.A British Columbia inquiry into missing and murdered women recommended bus service along the route, but it took years for the service to arrive, and some buses have to be caught in the middle of the night, she said.Vivian Tom, chief of the Wet’suwet’en First Nation in Burns Lake, also spoke Tuesday. Her powerful testimony about her 21-year-old daughter Destiny Tom brought several observers to tears.Tom recalled forgiving and hugging her daughter’s common-law partner and killer, Garrett George, who pleaded guilty to manslaughter and was sentenced to just over eight years in prison last November.She also described a vision she had in church soon after her daughter’s death. She saw her daughter’s body, and she held her and rocked her in her arms, she said.“I said, ‘Destiny, I’m so sorry! I’m so sorry for what happened to you! I love you and I miss you. I’m so sorry that you were all alone when this happened,’ ” she said through sobs.Tom said she then saw white wings sprout from her own shoulders and hands emerge from clouds above, then she flew with her daughter’s body to place it gently in the hands.When she had her daughter’s tombstone made, she made sure it had angel wings on it, she added.Tom and her husband are raising their granddaughter, Cassidy, who is now seven. She was six when she talked about committing suicide, she said.“It just broke my heart,” said Tom. “She figured that because the teenagers in our community attempted suicide … she figured, death, suicide, then she could be with her mom.“I sat her on my lap, I said, ‘Baby girl, if you commit suicide, you can’t be with mom, because mommy fought hard for every breath.’ ”The inquiry has been plagued by controversy, with commissioner Marilyn Poitras resigning this summer and complaints from families about delays and poor communication.Chief Commissioner Marion Buller said during opening remarks Tuesday that she and fellow commissioner Michele Audette will listen to families and survivors with open minds and open hearts.Smithers is the first of nine communities the inquiry will visit this fall. The hearings runs through Thursday.Contact APTN National News here: firstname.lastname@example.org
Not enough board members showed up to a meeting on Saturday to decide the fate of Francyne Joe. Another meeting is planned for July. Photo: Amber Bernard/APTN.Amber BernardAPTN NewsThe board of the Native Women’s Association of Canada (NWAC) met for two hours on Saturday and then adjourned the meeting having not resolved the seemingly irreconcilable differences between its President, Francyne Joe, and Chief Operating Officer Lynn Groulx.For months the differences between Joe and Groulx has created what employees are calling a “toxic” work environment.The board had planned to meet Saturday to decide the fate of Joe, and resolve the organization’s internal issues.But NWAC’s Elder Advisor Roseanne Martin told APTN News there was no quorum Saturday morning to decide whether Joe will continue on as president.There are 79 board members who are able to make decisions regarding the organization’s president.APTN learned that only 28 NWAC members made it to the special meeting, cancelling the vote until further notice.“So apparently they didn’t have enough quorum this morning,” said Martin.“You needed at least 35 delegates of membership to be here.”(NWAC Elder Advisory Roseanne Martin at the meeting Saturday. Photo: Amber Bernard/APTN)Martin said there are better things to worry about, than this vote.“So what I’m always saying is that, what’s important is that we move forward, you know let’s move on,” she said.Martin said she wants NWAC to move on with their mandate, which she says is supposed to be helping Indigenous women.“What we have to focus on is the 231 calls to justice,” Martin said.She said the organization should be looking at the National Inquiry into Murdered and Missing Indigenous women and girl’s final report.“In my mind that’s how we should be proceeding, instead of fighting against one another,” said Martin.Read More: Future of NWAC president to be decided at special meeting in coming weeksNWAC board to meet Saturday to decide fate of presidentIn another emailed statement to APTN, NWAC said the organization is trying to arrange a new meeting.“A meeting is being planned to address and resolve the issue in July,” said Gail Paul, First vice president of NWAC.At the moment Joe is banned from the office and not permitted to speak to the media. She did not attend the closing ceremony of the national inquiry Monday.APTN asked Joe for comment, she email@example.com@Abernardnews
FREDERICTON – New Brunswick softwood lumber producers, who had been exempt from U.S. tariffs in the past, will now have to pay 20.83 per cent duty, although producers in the rest of Atlantic Canada will be exempt.The U.S. Department of Commerce said in its final determination released Thursday that most Canadian producers will pay a combined countervailing and anti-dumping rate of 20.83 per cent, down from 26.75 per cent in the preliminary determinations issued earlier this year.Lumber products certified by the Atlantic Lumber Board as being first produced in Newfoundland and Labrador, Nova Scotia or Prince Edward Island are excluded from any duties.Roger Melanson, New Brunswick’s minister responsible for trade, calls the decision “unfounded and unfair” for his province.“If you look at all the facts how we manage our forestry in New Brunswick and how our softwood lumber industry in New Brunswick does business, it’s quite clear historically that this industry in New Brunswick is not subsidized,” Melanson said Thursday.Forestry giant J.D. Irving won’t pay tariffs as high as other producers in New Brunswick. Instead they’ll have to pay 9.92 per cent.Melanson said he’ll meet with members of the forest industry on Friday to decide how to proceed, but said joining any litigation by the federal government is a strong possibility.He said New Brunswick needs to get the facts in front of the World Trade Organization or a NAFTA panel.“We need to have … independent eyes on the softwood lumber issue in dispute here. Historically when that has happened it has always been a ruling in favour of what we know as factual in the province that we don’t subsidize this industry and we need to get to that status again,” Melanson said.Softwood lumber contributes more than $1.45 billion to the New Brunswick economy each year and employs more than 22,000 people.The other Atlantic provinces are welcoming news that their softwood producers will be exempt.“We are pleased the United States government has recognized the legitimacy of our long-standing exclusion,” said Nova Scotia Premier Stephen McNeil.“While this is welcome news for Nova Scotia, we recognize that this is a difficult time for Canadian industry as a whole as many are faced with duties,” he said.The Newfoundland and Labrador government also issued a statement saying it is very pleased.“Our government welcomes the elimination of the countervailing duties and potential anti-dumping charges on timber exports to the United States,” said Gerry Byrne, minister of Fisheries and Land Resources.“Unrestricted access to these traditional markets is important for the future of our province’s lumber industry.”The new tariffs will take effect in 45 days.Also excluded is U.S. lumber shipped to Canada for some processing and imported back into the U.S., certain box spring kits, and box-spring frame components.The United States imported US$5.66 billion worth of softwood lumber last year from Canada.
WASHINGTON – President Donald Trump is expected this week to extend relief from economic sanctions to Iran as part of the nuclear deal, citing progress in amending U.S. legislation that governs Washington’s participation in the landmark accord, according to U.S. officials and others familiar with the administration’s deliberations.But Trump is likely to pair his decision to renew the concessions to Tehran with new, targeted sanctions on Iranian businesses and people, the six people briefed on the matter said. The restrictions could hit some firms and individuals whose sanctions were scrapped under the 2015 nuclear agreement, a decision that could test Tehran’s willingness to abide by its side of the bargain.The individuals — two administration officials, two congressional aides and two outside experts who consult with the government — weren’t authorized to speak publicly on the matter and demanded anonymity. They cautioned that Trump could still reject the recommendation from Secretary of State Rex Tillerson, Defence Secretary James Mattis and national security adviser H.R. McMaster and that no final decision had been made. They said heated discussions were going on within the administration and with key Republican lawmakers.The State Department and White House didn’t immediately respond to requests for comment.Trump must decide by Friday to extend the nuclear-related sanctions relief for Iran’s central bank or re-impose the restrictions that President Barack Obama suspended two years ago.The old, central bank sanctions largely cut Iran out of the international financial system, and are considered to be the most powerful of the penalties imposed by the U.S. during the Obama era, along with global penalties for buying Iranian oil. Some Iran hawks want to see both sets of restrictions return, but the six people with knowledge of Trump’s plans say the president isn’t planning to reinstate either at this point.The individuals said Trump’s top national security aides appear to have successfully made a different case to the president: Waiving anew for 120 days the nuclear-linked sanctions while simultaneously imposing new measures to punish Iran’s ballistic missile testing, alleged terrorism support and human rights violations.Such a balance could satisfy Trump’s demand to raise pressure on Iran, while not embarking on a frontal assault on the most central trade-offs of the nuclear agreement. While the U.S. and other world powers rolled back economic restrictions on Tehran, the Iranians severely curtailed their enrichment of uranium and other nuclear activity. Trump has complained that many of the Iranian restrictions expire next decade and has vacillated between talk of toughening the deal and pulling the U.S. out entirely.A senior State Department official told reporters Wednesday that Tillerson and Mattis would be meeting with Trump on the matter before an announcement Friday. Trump, Tillerson and Vice-President Mike Pence were scheduled to have lunch Wednesday at the White House after a formal Cabinet meeting.The decision coincides with the administration’s efforts to secure a face-saving fix from Congress on the requirement for Trump to address Iran’s compliance every three months. In October, Trump decertified the nuclear deal under U.S. law, saying the sanctions relief was disproportionate to Iran’s nuclear concessions, and describing the arrangement as contrary to America’s national security interests.Tillerson told The Associated Press in an interview last week that he and others were working with Congress on ways to amend the Iran Nuclear Agreement Review Act, or INARA, to resolve concerns Trump has with the deal. That will be coupled with diplomacy with European government on addressing Iran’s missile testing and support for the Hezbollah militant movement, Shiite rebels in Yemen and Syrian President Bashar Assad.“The president said he is either going to fix it or cancel it,” Tillerson said of the overall deal. “We are in the process of trying to deliver on the promise he made to fix it.”On the INARA law, it’s unlikely Congress could move fast enough to codify changes by Friday. So Tillerson and others are hoping to convince the president there’s enough momentum to warrant another extension of sanctions relief and not jeopardizing the entire agreement. The goal would be for Congress to make the changes sometime before May, when Trump is next required to address the sanctions.Trump has repeatedly dismissed the Iran deal, one of Obama’s signature foreign policy achievements, as the worst ever negotiated by the U.S. He has particularly bristled at having to give Iran a “thumbs up” every few months by acknowledging that it is meeting the requirements to invest in foreign banks, sell petroleum overseas, buy U.S. and European aircraft, and so forth.Iran hawks in Congress and elsewhere worry the changes being discussed don’t strengthen the nuclear deal enough.One would automatically re-impose, or “snap back,” suspended sanctions if Iran commits certain actions, possibly including things unrelated to its nuclear program. Currently, Congress must act for the sanctions to snap back.Another proposal would require snapback if Iran refuses a request from the International Atomic Energy Agency, the U.N.’s atomic watchdog, to inspect a military site not currently being monitored. Iran hawks worry the IAEA, fearing a confrontation with Iran, won’t even ask for such an inspection.Other debates centre on Iran’s missile testing. Hardline Republican Sens. Tom Cotton, Marco Rubio and Ted Cruz want sanctions back if Iran launches any ballistic missiles capable of targeting territory outside of Iran, such as Israel or Saudi Arabia, and not just an intercontinental missile.Senate Democrats, generally more supportive of the nuclear deal, are pushing their own suggestions. One would let a simple House and Senate majority stop any effort to snap back sanctions, unless the president vetoes the block. While such a mechanism is unlikely to threaten Trump in the short term, some anti-deal Republicans fear it could be used against them under a future Democratic president.
Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (15,472.61, down 72.58 points)Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 53 cents, or 4.51 per cent, to $11.21 on 11.1 million shares. Aurora is the latest Canadian licensed marijuana producer planning to list on an international exchange. The Edmonton-base company has been looking at listing on the Nasdaq Stock Market, the New York Stock Exchange or the London Stock Exchange’s AIM, an international market for smaller, growing companies, for some time now, said Cam Battley, chief corporate officer.Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down nine cents, or 2.39 per cent, to $3.68 on 9.1 million shares.Titan Medical Inc. (TSX:TMD). Healthcare. Down 7.5 cents, or 21.74 per cent, to 27 cents on 8.6 million shares.Cenovus Energy Inc. (TSX:CVE). Oil and gas. Down 33 cents, or 3.14 per cent, to $10.18 on 6.5 million shares.Canopy Growth Corp. (TSX:WEED). Healthcare. Down $1.51, or 4.59 per cent, to $31.42 on 5.52 million shares.Encana Corp. (TSX:ECA). Oil and gas. Up 10 cents, or 0.71 per cent, to $14.09 on 5.47 million shares.
TORONTO – Canada’s two largest real estate markets saw double-digit annual sales declines in March, but the similar pattern in the two regions could soon diverge, according to a TD economist.The Toronto Real Estate Board said Tuesday that home sales in the Greater Toronto Area in March were down 39.5 per cent from last year, while the Real Estate Board of Greater Vancouver reported sales in its region dropped by 29.7 per cent. Both were down significantly from last year’s frenzied pace — what some observers consider a market peak —when home prices and sales skyrocketed and bidding wars were the norm.TREB said March sales figures were down 17.6 per cent from the 10-year average and REGBV said sales in that region were down 23 per cent, but had increased by 14 per cent the month prior.But the trend in the two markets could differ in the coming months, noted TD Economics senior economist Michael Dolega, in part because B.C.’s latest budget introduced a slew of measures to cool housing, including a speculation tax to target both foreign and domestic buyers not paying tax in the province. However, Ontario’s budget offered no new measures to tamp down the market.“We are in for some divergence moving forward with the Vancouver market seeing some continued weakness into the year, whereas Toronto will probably see some sideways movement, but more of a pickup later in the year when people trickle back into the market,” he said.“The worst is behind the Toronto market.”Ontario’s Liberal government, which faces an election this year, previously announced market stabilizing measures last April that included taxes on vacant properties and a non-resident speculation tax.Further cooling pressure came from the federal level, including a financial stress test for buyers implemented Jan. 1 for federally-regulated lenders and increases in both variable and fixed-rate mortgage rates as a result of moves by the Bank of Canada and fluctuations in the bond markets.Toronto’s market has since been “depressed” because buyers are putting off purchases and sellers avoiding putting their homes on the market in hopes that they can get a better price in the future months, Dolega said.In Vancouver, he said “affordability is so stretched,” making the market even more “sensitive” to recent interest rate hikes.Also tumbling in both cities was the number of new listings. Toronto’s totalled 14,866, a drop of three per cent in comparison to the 10-year average, but a 12.4 per cent decrease from last March. Vancouver’s reached 4,450, a 6.6 per cent decrease compared with March 2017. It marked the region’s lowest total of first-quarter new listings since 2013.BMO Capital Markets economist Robert Kavcic said he thinks “fundamentally both markets are both very solid” and that “housing demand is still very strong.”However, he said he didn’t consider March’s numbers a sign of a rebound yet.“Looking at Toronto sales, they are starting to stabilize, but they are stabilizing at low levels,” he said. “You are looking at some of the weakest sales activity since the last sales recession.”Tuesday’s numbers revealed that when compared to last March, the average price of a home in the GTA was down 14.2 per cent to $784,558 last month, a decrease from the average of $915,126 in the same month last year. Year-over-year sales of detached properties and apartments sunk by 37 per cent and 26.7 per cent respectively in the Vancouver area.Kavcic said he considered it stabilization of prices and a reflection of listings from the start of the year starting to be absorbed.He said he thinks conditions will improve in both markets, a sentiment echoed by TREB’s director of market analysis Jason Mercer, who predicted home sales will be up relative to 2017 in the second half of this year.“Right now, when we are comparing home prices, we are comparing two starkly different periods of time,” said Mercer.Mercer said there was less than a month of inventory last year versus two and three months this year.“It makes sense that we haven’t seen prices climb back to last year’s peak,” Mercer said. “However, in the second half of the year, expect to see the annual rate of price growth improve compared to Q1, as sales increase relative to the below-average level of listings.”
HALIFAX – BP Canada has been given the green light to restart drilling operations off the coast of Nova Scotia, a month after the energy giant spilled thousands of litres of drilling mud into the Atlantic Ocean.The Canada-Nova Scotia Offshore Petroleum Board said Monday it gave the company approval to resume drilling operations late Sunday.The energy regulator said the leak was caused by a loose connection in the mud booster line.It said BP has put in place measures to prevent another accident, including replacing a section of the mud booster line and installing a pressure system alarm.“We have verified that all the responsive steps have been implemented,” board CEO Stuart Pinks said in an incident bulletin update.“We are satisfied that the responsive actions taken, including the additional monitoring and testing that will be done for the remainder of the project, allows for drilling operations to resume safely.”BP Canada did not immediately respond to a request for comment.The leak of 136 cubic metres of synthetic drilling mud from BP Canada’s West Aquarius drilling unit about 330 kilometres southeast of Halifax sparked widespread concern about offshore exploration in Nova Scotia.The Assembly of Nova Scotia Mi’kmaq Chiefs said last month the incident raises questions about the protection of the lands and waters, as well as any species potentially affected by the spill.Synthetic-based mud is a heavy, dense fluid used during drilling to lubricate the drill pipe and regulate reservoir pressure.The regulator is continuing to investigate the potential environmental effects of the spill, including reviewing footage of the seabed and analyzing samples of the drilling mud on the sea floor.A report will be made public once the investigation has concluded, the board said.Board spokeswoman Stacy O’Rourke said determining if any enforcement actions may be taken — including fines — will be part of the regulator’s ongoing investigation.
BRUSSELS – European Union regulators have opened an in-depth investigation into whether automakers BMW, Daimler and Volkswagen colluded to limit the development and roll-out of car emission control systems.The EU Commission said Tuesday that it had received information that BMW, Daimler, Volkswagen, and VW units Audi and Porsche held meetings to discuss clean technologies aimed at limiting car exhaust emissions.The probe focuses on whether the automakers agreed not to compete against each other in developing and introducing technology to restrict pollution from gasoline and diesel passenger cars.“If proven, this collusion may have denied consumers the opportunity to buy less polluting cars, despite the technology being available to the manufacturers,” said EU Competition Commissioner Margrethe Vestager.The Commission said its probe was focused on diesel emission control systems involving the injection of urea solution into exhaust to remove harmful nitrogen oxides. The probe follows a report in Der Spiegel magazine last year that the automakers had agreed to limit the size of the tanks holding the urea solution.The case is another source of diesel trouble for German automakers in the wake of Volkswagen’s emissions scandal.The Commission said, however, there was no evidence the companies had colluded to develop so-called defeat devices — computer software that illegally turns off emissions controls. Volkswagen in 2015 admitted using such devices and has set aside 27.4 billion euros ($32 billion) for fines, settlements, recalls and buybacks. Former CEO Martin Winterkorn was criminally charged by U.S. authorities but cannot be extradited; Audi division head Rupert Stadler has been jailed while prosecutors investigate possible wrongdoing.The automakers said they were not able to comment on details of the case but pointed out in statements that opening a probe does not necessarily mean a violation will be found. Daimler and Volkswagen said they were co-operating with the probe; BMW said that it “has supported the EU commission in its work and will continue to do so.”Daimler noted that the probe only applied to Europe and did not involve allegations of price-fixing. BMW said it supported the Commission in its work from the start of the investigation and would continue to do so. “The presumption of innocence continues to apply until the investigations have been fully completed,” Volkswagen said in a statement.After the Volkswagen scandal broke, renewed scrutiny of diesel emissions showed that cars from other automakers also showed higher diesel emissions in everyday driving than during testing, thanks in part to regulatory loopholes that let automakers turn down the emissions controls to avoid engine damage under certain conditions. The EU subsequently tightened its testing procedures to reflect real-world driving conditions for cars being approved for sale now. Environmental groups are pushing in court actions to ban older diesel cars in German cities with high pollution levels.The Commission probe also is looking at possible collusion over particulate filters for cars with gasoline engines.The Commission said that it did not see a need to look into other areas of co-operation among the so-called “Circle of Five” automakers such as quality and safety testing, the speed at which convertible roofs could open and at which cruise control would work. It said anti-trust rules leave room for technical co-operation aimed at improving product quality.Anti-trust fines can be steep. In 2016 and 2017 the Commission imposed a fine of 3.8 billion euros after it found that six truck makers had colluded on pricing, the timing of introduction of emissions technologies and the passing on of costs for emissions compliance to customers. Truck maker MAN, part of Volkswagen, was not fined because it blew the whistle on the cartel. The others were Volvo/Renault, Daimler, Iveco, DAF and Scania, also owned by Volkswagen.___McHugh reported from Frankfurt, Germany.
Some of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (16,073.14, down 131.48 points).Aurora Cannabis Inc. (TSX:ACB). Health care. Up 73 cents, or 6.25 per cent, to $12.41 on 30 million shares.NGEx Resources Inc. (TSX:NGQ). Basic metals. Down one cent, or one per cent, to $1.01 on 18.4 million shares.RNC Minerals. (TSX:RNX). Metals. Up nine cents, or 11.25 per cent, to 89 cents on 14.5 million shares.Turquoise Hill Resources Ltd. (TSX:TRQ). Basic metals. Unchanged at $2.75 on 8.4 million shares.BlackBerry Ltd. (TSX:BB). Information technology. Up $1.35, or 10.2 per cent, to $14.62 on 8.2 million shares.Baytex Energy Corp. (TSX:BTE). Energy. Unchanged at $3.75 on 8.1 million shares.Companies reporting major news:BlackBerry Ltd. (TSX:BB). Up $1.35 or 10.2 per cent to $14.62 on 8.2 million shares. BlackBerry’s shares soared Friday after its latest financial results topped expectations and it outlined plans for growth in autonomous driving, a push into health care and intentions to add significant engineering talent. The company beat expectations through growth in its enterprise software and services business, as well as in its fast-growing automotive division, John Chen, BlackBerry’s executive chairman and chief executive, said in an interview.Bombardier Inc. (TSX:BBD.B). Up five cents to $4.60 on 4.6 million shares. Canada’s transport regulator has certified Bombardier Inc.’s longest-range aircraft, paving the way for the plane-and-train maker to start delivering its largest business jet to clients. The Global 7500 will enter into service later this year, Transport Canada said in a release Friday. The thumbs-up marks a key milestone in the transportation giant’s turnaround plan after it sold a majority share of its C Series commercial jet program to Airbus in July, said AltaCorp Capital analyst Chris Murray.
Index and currency in this story: (TSX:GSPTSE, TSX:CADUSD=X) TORONTO — Canada’s main stock index was lower in late-morning trading as the key industrials sector lost ground.The S&P/TSX composite index was down 23.14 points at 14,571.93.In New York, the Dow Jones industrial average was down 43.1 points at 24,057.41. The S&P 500 index was down 0.69 of a point at 2,599.26, while the Nasdaq composite was up 8.13 points at 6,918.80.The Canadian dollar traded for 74.73 cents US compared with an average of 74.74 cents US on Friday.The February crude contract was down 67 cents at US$50.80 per barrel and the January natural gas contract was down 16.7 cents at US$3.66 per mmBTU.The February gold contract was up US$4.90 at US$1,246.30 an ounce and the March copper contract was down 2.70 cents at US$2.74 a pound. The Canadian Press
PHNOM PENH, Cambodia — Cambodian Prime Minister Hun Sen says if Western countries impose threatened economic sanctions on his country, it would cause the death of the country’s political opposition.Hun Sen, speaking Monday at a road groundbreaking ceremony, was referring mostly to plans by the European Union to cancel an agreement giving imports from Cambodia preferential duty-free status.The EU began the process of ending the agreement after last July’s general election, in which Hun Sen’s Cambodian People’s Party won all 125 National Assembly seats. The EU, along with other critics, charged the election was unfair and unfree because the sole credible opposition party was dissolved by court order in November 2017.Hun Sen said without elaborating that if Western powers seek to punish Cambodia with sanctions, they would kill the country’s opposition.The Associated Press
VANCOUVER, B.C. – B.C. Hydro has released a report that finds baby boomers think of themselves as the more energy-conscious generation, despite using more than double the electricity of millennials and annual costs being about $500 more.The report finds baby boomers have a less favourable outlook on the electricity use habits of younger generations, with 53 percent thinking millennials use more electricity than them, while only 40 percent of millennials think boomers use more.B.C. Hydro says boomers use more electricity than millennials because they typically have larger homes, more appliances and luxury amenities, and more energy-consuming home habits. “Forty percent of boomers live in homes that are 2,000 square feet or larger, while 42 percent of millennials live in homes half that size or less. In fact, millennials are three times more likely to live in homes smaller than 500 square feet.”According to the Crown Corporation, boomers’ bigger homes also mean they are likely to have more electronics, appliances and luxury amenities inside. For example, boomers are:Twice as likely to have a pool and three times more likely to have a hot tub;53 percent more likely to have a wine or beer fridge and 60 percent more likely to have heated floors, and;25 percent more likely to have a home entertainment system.For more ways to save energy and money, you can visit powersmart.ca.
Los Angeles: Actor Drake Bell has teased that reboot of popular Nickelodeon sitcom “Drake & Josh” is in the works. At the iHeart Radio Music Awards, Bell said his co-star Josh Peck will be joining him for the new show. “We’re working on something. I’m excited. I think we have a great idea,” Bell said. According to People magazine, Bell and Peck are “in talks with several networks” about the project, which a source said will “be more adult and really funny”. Also Read – Hilarie Burton, Jeffery Dean Morgan tie the knot “This is going to be way more creative, way cooler than just, you know, the college years or something like that. We knew that if we were ever going to come back, it’s got to be something cool. I’m excited to see what the fans think,” Bell added. “Drake & Josh”, which aired on Nickelodeon from 2004 to 2007, followed Bell and Peck as stepbrothers with clashing personalities as they tried to navigate their new life together, with many comedic misadventures along the way.
Kolkata: Chief Minister Mamata Banerjee said on Monday that state Chief Secretary Malay De will speak with the Election Commission and seek clarifications on whether the Model Code of Conduct (MCC) will come in the way of providing benefits in connection with the ongoing schemes involving public benefit that have been announced much before the announcement of the Lok Sabha elections.”Some people have come to us saying that they are not properly getting benefits from certain schemes like Rupashree and Samobyathi. We feel that there is no problem in continuing with the schemes of public interest that have been announced much earlier and are ongoing. We will take the matter up with the EC as the public will be suffering if such schemes are stopped with the MCC in effect,” Banerjee told reporters at Nabanna. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaUnder the Rupashree scheme, a one-time financial assistance of Rs 25,000 is given to the economically stressed families at the time of the marriage of their daughters. Under Samobyathi, a one-time ex-gratia grant of Rs 2,000 is given to the bereaved family members of a deceased facing extreme financial crunch in performing the last rites. “Marriages are settled much earlier and the rituals are performed as per convenience of the family members. Similarly, the unfortunate death of a person may occur anytime. The MCC should not be a bar for providing benefits under these schemes. Moreover, the benefits of the schemes come directly from the government to the public and an MP or MLA has no involvement in handing over the benefits of these schemes,” Banerjee reasoned. Also Read – Bengal civic volunteer dies in road mishap on national highwayThe Chief Minister (without naming any political party) alleged that if somebody complains to the EC regarding these schemes, it is unfortunate. “Schemes like Swasthya Sathi, Khadya Sathi and Krishak Bandhu have been announced much earlier and it should continue. The government’s job is to ensure that the common people do not suffer by any means,” she added. Meanwhile, Banerjee held a meeting with senior officials from the state Disaster Management Department, in the wake of the hostile weather conditions in the state, particularly on Sunday, when there were reports of two persons being killed after being struck by lightning. “If houses collapse and there is loss of life and property or damage to crops due to any disaster like fire, violent storm or heavy rain, the government should immediately stand by the affected people and provide assistance to them,” the Chief Minister said. Asked about when she will go campaigning for the Lok Sabha polls, Banerjee said that she will do so after the election manifesto of her party is released. “The CBSE and the ICSE examinations are still going on. We have to ensure that they are not inconvenienced by any means,” Banerjee said.
New Delhi: Power Finance Corporation Ltd (PFC) has signed a Share Purchase Agreement to acquire 103.94 crore equity shares of INR 10 each, of REC Limited from the President of India constituting 52.63 per cent of the paid-up share capital of REC Ltd. This is a major milestone achieved by PFC, who is now slated to become a promoter and the holding company of REC Limited. The acquisition of REC Limited was in pursuance to the in-principle approval dated 6th December 2018 from the Cabinet Committee on Economic Affairs for the strategic sale of 52.63 per cent of the paid up equity shareholding of REC held by the President of India (acting through Ministry of Power, Government of India) to PFC along with transfer of management control. Also Read – Thermal coal import may surpass 200 MT this fiscalBoth PFC and REC are Navratna Central Public Sector Enterprises with combined annual revenues of about Rs. 50,000 Crore and this acquisition is step towards consolidation of companies operating in the same space. Subsequent to the PFC shareholders’ approval for the transaction, the Board of Directors of PFC considered the transaction and approved the acquisition of the 52.63 per cent shareholding of the President of India in REC Limited, at a cash purchase consideration of Rs 139.50 per share with total acquisition cost of about INR 14,500 Crore. Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boostThe closing price of REC on 19th March, 2019 was INR 148.40 per share. The consideration for the transaction is expected to be paid on 28th March, 2019 and funds for the same have been arranged by PFC already. The acquisition would enable increased efficiencies in lending processes and policies across both the institutions and would create public value by offering better loan products to the power sector. The convergence between the entities as combined group entities would help the power sector reap benefits from a decentralized outreach of REC and a professional project finance expertise of PFC.
KOLKATA: Trinamool Congress supremo Mamata Banerjee alleged that Narendra Modi had flouted the Indian Constitution with his statements that 40 Trinamool MLAs are in touch with him and at the same breath said no MLA would join his party. She further added that on the grounds of horse trading, his candidature should be cancelled.”Yesterday he (Modi) said 40 of my MLAs are in touch with him. This will fall under the anti-defection law. He is saying unconstitutional things while holding a constitutional position. Doesn’t he have any shame? He is violating the Constitution and has no right to be the Prime Minister,” Banerjee said at an election rally in Bhadreshwar on Tuesday.