Poloz Sees Lost Ground on Growth, Holds Canada Rates Steady (1)

(Bloomberg) — Bank of Canada policy makers said risks of weak inflation and slower economic growth have increased, a message that contrasts with recent gains in output and exports.“On balance, risks to the profile for inflation have tilted somewhat to the downside since July,” when the last rate decision was made, policy makers led by Governor Stephen Poloz said in a statement.That marks a change from the previous statement, in which policy makers said the risks to the inflation profile were “roughly balanced.” Policy makers kept the benchmark rate on overnight loans between commercial banks at 0.5 percent, as anticipated by all 25 economists surveyed by Bloomberg.Wednesday’s statement downplays two key reports last week that showed the months-long gloom in the Canadian economy may be abating: merchandise exports surged 3.4 percent in July, narrowing a record trade deficit, and gross domestic product rose 0.6 percent in June, topping forecasts.“We …
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Tom Mulcair unlikely to return to parliament as NDP leader after low profile during summer

A year ago, polls predicted Tom Mulcair would be Canada’s next prime minister. But with the New Democrats dredging new lows in recent public surveys, party sources now suggest it is highly unlikely he will return to the House of Commons later this month as leader.
Mulcair announced at the NDP’s national convention in Edmonton last April that he would resign, after 52 per cent of delegates voted for a change in leadership. But he said he would remain in the top job on an interim basis until a replacement was chosen next October.
However, multiple party sources have expressed disquiet at the low profile Mulcair kept over the summer, avoiding public appearances on Canada Day, St-Jean-Baptiste Day and at Pride Toronto.
A number of current and former NDP MPs confirmed that discussion about giving Mulcair “an ultimatum” has carried on throughout the summer at senior party levels, and  …
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Canada hopes to supply more uranium

Canada was hopeful of reaching agreement to supply energy-hungry and fast-growing India with more uranium than the 3,000 metric tonnes that has already been agreed upon, Canadian Natural Resources Minister Jim Carr said on Wednesday.

“So long as [bilateral] negotiations continue and Canada can supply enough to meet India’s needs, there is every good reason to be optimistic” about Canada supplying more than 3,000 metric tonnes of uranium to fuel India’s nuclear power plants, Mr. Carr told reporters here on Wednesday.

In April last year, during Prime Minister Narendra Modi’s visit to Canada, a pact was inked for Canada’s Cameco to supply India 3,000 metric tonnes of uranium over five years at an estimated cost of $254 million. Asked about the possibility of more uranium supplies, Mr.Carr said it depended on the continuing conversations and bilateral negotiations between Canadian business leaders and Indian officials. The Canadian government is an …
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Democracy and Populism versus Two-Tone politics

Ladies and Gentlemen, the Old Party Divide is not sexy any more; the old two-tone politics, supposedly left and right of center but really, right and far-right of center has failed and today ceases to represent the people. The people are leaning more and more to popular and populist parties which clamor for change. The two-party system is over.

It started as a ripple with nationalist parties in Europe, representing local interests against national plans forged by some faceless multi-state entity which nobody voted for and which did not represent the people. The ripple grew into a wave, the first symptoms of which were Obama’s twin election victories as first he claimed to represent change and then said he would represent change some day. Today the wave has formed a tsunami, locking Spain into a political wrestling match which it appears nobody can win, it sees populist parties getting ever …
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In Legislative Council Elections, Hong Kong Votes Against Chinese Regime

In 2014, hundreds of thousands of Hong Kong residents protested Beijing’s denial of genuine democratic reform for the semiautonomous territory. But the Chinese communist regime yielded no quarter to the mostly youthful Hongkongers who occupied major roads in the city for nearly three months.
The spirit of Hong Kong’s pro-democracy movement, however, appears to have endured.
Youthful protesters became politicians, campaigning on local issues and Hong Kong’s political future. Millions of Hongkongers, dissatisfied with Beijing’s continued encroachment on Hong Kong’s freedoms, went to the polling booths and elected several new pro-democracy candidates for the city’s legislature.
Analysts say that the turnout and results of Hong Kong’s Legislative Council elections reflects a changing of the guard in the pro-democracy camp. Hongkongers, analysts add, appear to reject outright calls for independence by radical politicians and firmly reject the Chinese Communist Party’s influence.
How Hong Kong …
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The Upshot: Politics Are Tricky but Science Is Clear: Needle Exchanges Work

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Ian Mulgrew: Force politicians to act on medicare, B.C. court is asked

Dr. Anne Wachsmuth, left, assists Dr. Darius Viskontas as they remove a cyst from a male patient’s knee, at the Cambie Surgery Centre, in Vancouver on Wednesday, August 31, 2016. Dr. Brian Day, a self-styled champion of privatized health care, is bringing his fight to British Columbia Supreme Court on Tuesday for the start of a months-long trial he says is about patients’ access to affordable treatment, while his opponents accuse him of trying to gut the core of Canada’s medical system. THE CANADIAN PRESS/Darryl Dyck ORG XMIT: VCRD120
0902 na dayDARRYL DYCK
/ Vancouver SunFederal Health Minister Jane Philpott.Nathan Denette
/ Vancouver SunThe legal documents say provincial medicare laws and the role of private clinics are on trial in B.C. Supreme Court, but in truth it’s politicians who are in the dock.From the 1990s on, it seems, those in government of every political stripe have misled us about the …
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Force politicians to act on medicare, B.C. court is asked

Dr. Anne Wachsmuth, left, assists Dr. Darius Viskontas as they remove a cyst from a male patient’s knee, at the Cambie Surgery Centre, in Vancouver on Wednesday, August 31, 2016. Dr. Brian Day, a self-styled champion of privatized health care, is bringing his fight to British Columbia Supreme Court on Tuesday for the start of a months-long trial he says is about patients’ access to affordable treatment, while his opponents accuse him of trying to gut the core of Canada’s medical system. THE CANADIAN PRESS/Darryl Dyck ORG XMIT: VCRD120
0902 na dayDARRYL DYCK
/ Vancouver SunFederal Health Minister Jane Philpott.Nathan Denette
/ Vancouver SunThe legal documents say provincial medicare laws and the role of private clinics are on trial in B.C. Supreme Court, but in truth it’s politicians who are in the dock.From the 1990s on, it seems, those in government of every political stripe have misled us about the …
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For filmmaker Oliver Stone, everything, and nothing, is politics

Oliver Stone is not a political filmmaker – he wants to be very clear about that. Yes, the three-time Oscar-winner has made movies about presidents (Nixon, W. and, in a way, JFK), wars (Salvador, Platoon, Born on the Fourth of July, Heaven & Earth) and titans of America (Wall Street and its sequel that will go unremarked upon). But, in his words, he is not a political filmmaker, no.

“Political films? You’re putting me in a category – I see myself as a dramatist,” the 69-year-old director says. “I was able to make a film about Mr. Bush and Mr. Nixon – I walked in their shoes, I was empathetic. I only want to tell a story. Understand, I work as hard on every single movie, whether it’s a U-Turn or a Natural Born Killers or a Scarface. I see the world in stories. Don’t think of me as a …
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Sears Canada posts loss as sales fall 15.6 percent

(Reuters) – Department store operator Sears Canada Inc SCC.TO SRSC.O reported a quarterly loss, compared with a year-earlier profit, hurt by a 15.6 percent fall in sales.

The company said same-store sales fell 5.5 percent as traffic for big-ticket items such as major appliances fell due to termination of a credit card agreement and lower-than-expected sales of new merchandise launched in spring.

Bank of Nova Scotia BNS.TO said in October it would buy JPMorgan & Chase Co’s JPM.N Canadian credit card portfolio associated with Sears Canada.

Sears Canada, hit by increasing competition from U.S. retail giants such as …
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