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Sunday, June 23, 2019

Trump, Trudeau cordial talks highlight China issues and promote new North America trade deal


   Canada column for Sunday, June 23/19

   THE CANADIAN REPORT
   (c) By Jim Fox

   A series of initiatives including trying to free two Canadians imprisoned in China marks a return to warmer relations between Canada and the United States.
   Prime Minister Justin Trudeau met for a third time in Washington with President Donald Trump and reached “cooperation” on common goals.
   Trump vowed to do whatever possible to free Michael Spavor and Michael Kovrig when he meets China’s President Xi Jinping at the G20 leaders’ summit in Japan on June 28 and 29.
   The two Canadians were arrested after Canada took into custody high-tech mogul Meng Wanzhou last December at the request of the U.S.
   She is being held under house arrest in Vancouver awaiting possible extradition to the U.S. on allegations of fraud for violating Iran sanctions.
   A main objective of Trudeau’s visit was to push for the signing of the new United States-Mexico-Canada Agreement trade pact.
   The leaders announced agreement on easing the flow of goods and people across the border with a new preclearance plan and sharing information on people entering and leaving the two countries.


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   Police have arrested three men and are seeking a fourth after gunfire wounded four people during the celebration to mark the Toronto Raptors winning the National Basketball Association title.
   The Monday afternoon incident outside city hall happened as an estimated 1-million people jammed the downtown and were listening to Mayor John Tory.
   Police Chief Mark Saunders said he suspects the shooting was targeted while four people were also injured in two separate stabbings downtown near the Eaton Center at that time.
   Arrested were Shaquille Miller, 25, Thaino Toussaint, 20, and Abdikarim Kerow, 18.

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   News in brief:
   - The Canadian government for the second time has approved the controversial Trans Mountain Corp. pipeline expansion. Prime Minister Trudeau said the project will be a financial windfall for selling Canadian crude oil abroad. The $7.4-billion project will twin the pipeline and carry Alberta crude oil to British Columbia ports. It has been mired in environmental protests for years.
   - After a long, cold winter, Ontario residents and much of Canada can expect a cooler-than-normal summer. “It’s a stark contrast to last summer,” said Environment Canada’s climatologist, David Phillips. Last year there were 20 days of 30C (86F) and higher temperatures but they might be just 10 of those hot, humid days this year. More sporadic wet and dry patterns are predicted for July and August with a warmer September.

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   Facts and figures:
   The Canadian dollar is higher at 75.64 cents U.S. while the U.S. dollar returns $1.322 Canadian before exchange fees.
   The Bank of Canada’s key interest rate is steady at 1.75 percent while the prime-lending rate is 3.95 percent.
   Stock markets are higher, with the Toronto exchange index at 16,525 points and the TSX Venture index at 592 points.
   The average price for gas in Canada is steady at $1.18 a liter or $4.48 (Canadian) for a U.S. gallon.
   Lotto 6/49: (June 19) 21, 31, 41, 45, 46 and 47; bonus 39. (June 15) 10, 19, 24, 30, 35 and 49; bonus 32. Lotto Max: (June 18) 1, 6, 13, 15, 38, 42 and 49; bonus 48. (June 14) 4, 11, 20, 22, 37, 44 and 49; bonus 13.

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   Regional briefs:
   - Renata Ford, widow of the controversial late Toronto Mayor Rob Ford, is seeking to be elected to the new federal People’s Party of Canada. The sister-in-law of Ontario Premier Doug Ford will run in Etobicoke North in Toronto. She noted scandals, budget deficits, higher taxes, wasteful spending and “lack of respect for taxpayers” as reasons to run.
   - The massive $4.2-billion Champlain Bridge spanning the St. Lawrence River in Montreal will open Monday. The curved 3.4-kilometer (2.1-mile) bridge, including its approaches, is a cable-stayed span that replaces the original bridge from 1962. The six-lane bridge with transit deck and path for pedestrians and cyclists is used by 50-million vehicles a year.

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Jim Fox can be reached at canadareport@hotmail.com

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