Canada
column for Sunday, Nov. 11/12
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THE CANADIAN REPORT
(c) By
Jim Fox
Canadians could be shipping their oil to the U.S. after all and will find
it easier to cross the border after the re-election victory of President Barack
Obama and a vote in Michigan.
Prime Minister Stephen Harper said while sharing
“one of the closest and most extensive relationships in the world," he wants
Canada and the U.S. to “continue finding ways to increase trade and investment
flows.”
Some
Canadian politicians were quietly pulling for Republican challenger Mitt Romney
based on his commitment to approve the stalled Keystone XL pipeline to ship
Alberta oil to Texas.
Although Obama deferred a decision on the pipeline until after the
election, Canada’s Natural Resources Minister Joe Oliver said he expects the
project will go ahead because it’s in the “national interest” of the U.S.
Harper said he was “very pleased” that voters in Michigan supported a
Canadian-financed $1-billion project to build a second bridge between Windsor, Ontario
and Detroit, Michigan.
Canada
and the U.S. have the world's largest trading partnership with some $2 billion
in goods and 400,000 people crossing between the two countries every day.
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Canada’s
largest drug store chain has temporarily shelved the playing of Christmas music
after protests.
A
Facebook campaign prompted Shoppers Drug Mart to temporarily suspend the
playing of all Christmas music in its 1,181 stores.
More than 2,600 people commented in several hours after an initial
Facebook posting saying early November was much too early for Yuletide tunes.
“We’ve
always started our Christmas music around this time of year . . . after
Halloween you move into the next holiday,” said Tammy Smitham, vice president
of communications.
“What
we decided to do is delay it by a couple weeks and sort of play it by ear and
align it close to the holidays,” she added.
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News
in brief:
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Prime Minister Harper is on a six-day trade mission to India to encouraging
trade and investment and to recognize the one-million people of Indian descent
living in Canada. Trade between the two countries is $5.2 billion annually with
a goal of having it rise to $15 billion by 2015. “Our trading relationship and
the economic relationship in general is really beginning to blossom,” said Stewart
Beck, Canada’s high commissioner to India.
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More of Canada’s colorful currency is turning plastic. The Bank of Canada is
now circulating a new $20 bill made of polymer after earlier introducing new
100s and 50s. The new $20 bill, designed to thwart counterfeiters and last
longer than the previous paper bills, is the country’s mostly widely used bank
note. New $5 and $10 bills are to be issued by the end of next year.
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Facts and figures:
Canada’s dollar has dipped to below parity with the U.S. current to
99.96 cents U.S. on Friday while the greenback has advanced to $1.0003 Canadian
before bank exchange fees.
The Bank of Canada’s key interest rate remains at 1 percent while the
prime-lending rate is 3 percent.
Stock
markets are lower, with the Toronto exchange index at 12,195 points and the TSX
Venture index at 1,301 points.
Lotto 6-49: (Nov. 7) 20, 36, 42, 43, 45 and 48; bonus 5. (Nov. 3) 9, 22,
34, 35, 46 and 47; bonus 26. Lotto Max: (Nov. 2) 1, 2, 5, 26, 29, 36 and 47;
bonus 13.
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Regional briefs:
- David
Eby will again seek to defeat British Columbia Premier Christy Clark in next May’s
provincial election. Eby, executive director of the B.C. Civil Liberties
Association, will run for the New Democrats in Clark’s Vancouver-Point Grey
riding. He came within 500 votes of defeating Clark in last year’s by-election.
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Explosions and fires at two companies in Quebec have killed two people and
injured 21. Two were killed and 19 hurt when a massive blast rocked the Neptune
Technologies and Bioresources plant in Sherbooke. A day later, two people were
seriously burned at a Bombardier Recreational Products plant in Valcourt, Quebec.
Police said the cause of the explosions was being investigated.
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Two tobacco companies have asked Ontario’s top court to dismiss a $50-billion
lawsuit launched against them by the provincial government. Attorneys for British
American Tobacco and R.J. Reynolds Tobacco Company said there is no evidence
the companies conspired in the 1950s to withhold information about the harmful
and addictive ingredients in cigarettes.
-30-
Jim Fox can be reached at canadareport@hotmail.com
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