CANADA STOCKS-TSX falls as energy and telecoms lose ground

Oct 7 Canada’s main stock index fell on
Friday as lower oil prices weighed on energy stocks and an
unfavorable regulatory ruling pressured the shares of telecom
companies.

The Toronto Stock Exchange’s S&P/TSX composite index
unofficially closed down 29.24 points, or 0.20
percent, at 14,566.26. Nine of the index’s 10 main groups ended
lower.

(Reporting by Fergal Smith; Editing by Meredith Mazzilli)

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Sarkozy's hardline bet risks backfiring in French election

By Ingrid Melander
| PARIS

PARIS He is rousing crowds at campaign rallies with fiery speeches warning of the dangers of immigration while losing ground in opinion polls – Nicolas Sarkozy’s law-and-order platform pleases core supporters but is backfiring with French voters. The combative former president began a re-election bid in late August, stealing much of the limelight from rivals as he tapped into voters’ concerns over Islamist attacks and Europe’s refugee crisis. Six weeks later, and with six weeks to go before the primaries that will decide who gets the conservatives’ ticket for the April 2017 presidential election, opinion polls show him losing support with voters overall and among supporters of his Les Republicains party.”It’s paradoxical because his strategy of veering to the right is in line with how French society is evolving and it should work, but it doesn’t,” said Francois Miquet-Marty of Viavoice pollsters.There are two main …
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Wilkins Downplays Canada Export Gains as Oil Damage Lingers (1)

(Bloomberg) — Bank of Canada Senior Deputy Governor Carolyn Wilkins said Canada’s economy is still adjusting to a slump in oil-sector investment, and the prospect for exports is uncertain even with two months of gains.Risks to inflation are “tilted somewhat to the downside,” and there’s “material slack” in Canada’s economy, Wilkins said Thursday in the pulp-and-paper hub of Trois-Rivières, Quebec, the final speech from a policy maker before the bank’s Oct. 19 rate decision.The central bank has backed away from predictions as recently as July that non-energy exports would dominate an economic recovery. Wilkins’ remarks underscore Governor Stephen Poloz’s assessment from last week that Canada’s economy may need three to five years to recover from crude oil’s plunge, which began in mid-2014.“The Bank of Canada is maintaining a more cautious view of Canadian export performance, and by extension, the overall …

Northern Canada’s Deline, population 500, gets self-governance

A small aboriginal community in Canada’s Northwest Territories is crafting laws that would normally be imposed by higher authorities as it forges ahead on a path of self-governance some 20 years in the making.Deline’s population of 500 had been working towards self-rule since 1995, negotiating with federal and territorial authorities and holding its own ratification vote before officially achieving independence on Sept. 1.According to Deline’s Final Self-Government Agreement, the community can regulate liquor and gaming, language usage, education, health services, welfare and land planning. Deline, whose name is pronounced with three syllables, is still adjusting to its new status, but it hopes …
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Uncertainty, slack continue to weigh on Canada: Bank of Canada

TROIS-RIVIERES, Quebec (Reuters) – Inflation risks in Canada remain tilted to the downside as the economy takes time to adjust to the oil price shock and awaits a boost from fiscal stimulus and the U.S. economic recovery, a senior Bank of Canada official said on Thursday.

Pointing to material slack in the economy and continued uncertainty among businesses that has hampered investment, Senior Deputy Governor Carolyn Wilkins said there had been progress in the nation’s economic adjustment, but also some setbacks.

“The Bank is providing monetary stimulus in order to meet its inflation target. The adjustments are clearly under …
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Canadian released by China credits Harper and Trudeau for return from 'horrendous ordeal'

A Canadian held in China for more than two years appeared on Parliament Hill Thursday to thank the Canadian government for bringing him home from a “horrendous ordeal.”
Christian aid workers Kevin Garratt and his wife, Julia, had been living in China since 1984 where they ran a café in Dandong, near the North Korean border. The pair were detained in 2014 and accused of spying.
Julia was released in February 2015, but Kevin remained under detention until last month when a Chinese court found him guilty on two counts of espionage and ordered him deported. ​
“As this Thanksgiving weekend approaches, Julie and …
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Canadian Church Led by Atheist Minister 'Rarely' Reads the Bible, Replaces Lord's Prayer With Secular Mantra

October 6, 2016|8:25 am (Photo: Anne Jackson)The interior of West Hill United Church of Toronto, Ontario, Canada.A United Church of Canada congregation overseen by an openly atheist minister seldom uses the Bible during worship and has replaced the Lord’s Prayer with a nonsectarian affirmation.The Rev. Gretta Vosper, leader of West Hill United Church of Toronto, Ontario, is currently facing the possibility of being defrocked for being an atheist.Vosper has pastored West Hill for several years. Since the year 2000 the church has undergone extensive change, both in what it teaches and in membership numbers.Andrea DiPede, spokesperson for West …
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Canada to start visa-waiver entry for some Bulgarians in May: Bulgaria

SOFIA (Reuters) – Canada will introduce a visa waiver entry for some Bulgarians as of next May and will work to allow visa-free travel for all by the end of next year, the Bulgarian government press office said late on Thursday.

The arrangement is likely to ease Bulgarian concerns about a contentious European Union free trade deal with Canada, which Brussels hopes EU governments would agree to this month.

In May, Bulgaria and Romania expressed reluctance to back the Comprehensive Economic and Trade Agreement (CETA) if Canada does not apply its visa-waiver entry system to their citizens.

Canadian Prime Minister …
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In Housing-Dependent Canada, New Cooling Measures Send Shivers

(Bloomberg) — For almost a decade Canada’s housing market has withstood just about anything that government officials have thrown at it in an attempt to restrain breakneck growth. Measures introduced by Prime Minister Justin Trudeau’s federal government on Monday may finally bring it to heel, analysts and economists say.The fallout from the surprise announcement continued to build on Wednesday as shares of housing stocks tumbled anew, analysts forecast a hit to bank earnings and to an economy that has generated most of its meager growth from housing in recent years.“The feds clearly wanted to puncture the housing market and they have certainly done so,” Sherry Cooper, chief economist at Port Coquitlam, British Columbia-based mortgage broker Dominion Lending Centers, said in a note to clients. “These measures will provide a tipping point, encouraging those who have been waiting to sell to put their properties on the market …
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