Douglas Todd: Vancouverites betrayed by lax politicians

Vancouver, BC: JUNE 26, 2014 — Geography professor David Ley in front of a large house being built on Yew Street in Vancouver, BC Thursday, June 26, 2014. Ley is the author of Millionaire Migrants, and is an expert on how migration and foreign investment relates to housing prices.Jason Payne
/ Vancouver SunLawyer Christine Duhaime has helped revealed how Canada’s tepid anti-money-laundering efforts have been hamstrung by bankers and realtors.
/ Vancouver Sun“Foreign money coming in clearly benefits the property developers and realtors who are major contributors to the B.C. Liberal Party,” says Justin Fung, of HALT.Jason Payne
/ Vancouver SunLast year B.C.’s Rich Coleman, minister responsible for housing, joined Finance Minister Mike De Jong and Premier Christy Clark in saying he had no intention of intervening in what they consider a laissez-faire real-estate market.
/ Vancouver SunSecond of two partsIt is not just Vancouver’s pleasant mountains and beaches that have …
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Political young gun

Sam Oosterhoff stood at the side of Ontario Street in Beamsville Friday afternoon, waiving at passing cars while holding a sign thanking people for putting their faith in him.
And in the years to come, the 19-year-old who has become the youngest MPP in Ontario’s history said he hopes to do all he can to live up to expectations of the 17,651 people who voted for him a day earlier.

“You could sense that there was a readiness for change and a readiness for sending a strong message. I’m really excited to be the voice of that change,” said Oosterhoff, who held onto the Niagara-West Glanbrook Riding for the Progressive Conservative Party in Thursday’s provincial by-election.

“It’s great to be here today thanking everyone, because it means we won and that’s big.”

He said the reality of the achievement has “sunk in.”

But winning the election …
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Canada, The Kids Are Not Alright

After a detrimental history of residential schools resulting in mental, physical, spiritual and emotional damages, Canada’s aboriginal communities still struggle with education.

As of 2006, 40 per cent of aboriginals aged 20-24 hadn’t earned a high school diploma, compared with 13 per cent of non-Aboriginals.

A national panel supported by the Assembly of First Nations and the federal government has drawn attention to a lack of funding for First Nations education. In the 2012 budget, the federal government pledged $275 over three years for First Nations education, although many consider it inadequate — especially as Aboriginal Affairs’ budget is trimmed.

Some also attribute the education gap to factors such as living conditions and geographic isolation. Statistics Canada said the causes of a high aboriginal high school dropout rate are largely unresearched, but may include household income, nutrition and parents’ level of education.

Aboriginal people are more likely to feel depressed than other Canadians, due to …
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'Frightens me to my core': Experts urge Canada to declare public emergency over opioid crisis

Members of the medical community and front-line soldiers in Canada’s opioid crisis are pressing the federal government to declare a national public health emergency.
Dr. David Juurlink, head of pharmacology and toxicology at Toronto’s Sunnybrook Health Sciences Centre, says the opioid problem is so dire it demands an urgent response at the highest levels of government.
Politicians are meeting with public health experts, doctors and family members who have lost loved ones at a two-day summit in Ottawa to hash out a solution to escalating — and deadly — rates of drug addiction.
The two-day meeting is being co-chaired by federal Health Minister Jane Philpott and Ontario Health Minister Eric Hoskins, both of whom are doctors themselves.
Philpott said she is open to making a formal declaration of a national public health emergency, if it is determined that a formal declaration is helpful and appropriate.

The opioid crisis0:48

Declaring a public health …
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Shimon Peres praises science over politics

Israeli President Shimon Peres told a roundtable discussion on education and innovation that science is changing how governments operate, The Canadian Press reported.
Peres is in Canada for a five-day state visit.

He delivered a subtle, yet engaging speech in Ottawa that both enlightened the Iran nuclear debate while almost skirting it entirely.

“The minute we shall overcome ourselves … you will have the combination of non-governmental management based on goodwill, answering individual tastes and trying to improve human self-control,” he said, according to the Candian Press. “We need (self-control) because the alternative is very dangerous. Otherwise, crazy people with nuclear bombs in their hands can really create catastrophe.”

Peres, an 88-year-old Nobel laureate, also witnessed the Royal Society of Canada and Israeli Academy of Sciences and Humanities sign a memorandum of understanding.

“The real force in our time is no longer politics, but science,” Peres said.

The two groups will …
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Canada October annual inflation up; food down for first time since 2000

By Leah Schnurr

OTTAWA (Reuters) – Canada’s annual inflation rate picked up in October as a rise in gasoline prices was offset by the first decline in food prices in nearly 17 years, but economists did not expect the figures to alter the central bank’s accommodative stance.

The annual rate was 1.5 percent, data from Statistics Canada showed on Friday, up from September’s 1.3 percent and matching analysts’ expectations. The increase still left inflation below the Bank of Canada’s 2 percent target, which it renewed last month.

The core rate, which strips out some volatile items, cooled slightly to 1.7 percent from 1.8 percent, the lowest …
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Canada should mull higher home down payments -housing agency chief

Nov 18 Canada should look at the
possibility of raising minimum down payments for homes to
address concerns about high levels of debt in an era of low
interest rates, the head of the country’s housing agency said on
Friday.The Canadian government recently tightened mortgage rules.
And late last year it increased down payments on the portion of
a home price above C$500,000 ($369,986.68) for buyers who need
government-insured mortgages.In a speech at an event held by the Bank of England, the
chief executive of the Canada Mortgage and Housing Corporation
called that increase on down payments an “initial step.” …
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CANADA STOCKS-TSX ends strong week up, led by energy and bank stocks

(Adds portfolio manager comment, updates prices to close)* TSX settles up 37.94 points, or 0.26 percent, at 14,864.03* Index rises 2.1 pct on the weekBy Alastair SharpTORONTO, Nov 18 Canada’s main stock index rose
on Friday, closing out a strong week with boosts from energy and
banking stocks as oil prices moved higher and investors reacted
to rising bond yields.The Toronto Stock Exchange’s S&P/TSX composite index
settled up 37.94 points, or 0.26 percent, at
14,864.03, with the energy group finishing up 1.1 percent and
financial stocks adding 0.6 percent.

“Banks look like they are trading at average valuations, but
if you believe that the yield curve is …
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CANADA STOCKS-TSX little changed after big weekly gain; energy stocks up

(Adds details on specific stocks, updates prices)* TSX up 7.22 points, or 0.05 percent, at 14,833.31* Index on track for 1.9 pct weekly gainTORONTO, Nov 18 Canada’s main stock index was
little changed in morning trade on Friday, pausing after a sharp
rise this week, as gains for energy stocks were somewhat offset
by losses among miners.The Toronto Stock Exchange’s S&P/TSX composite index
was on track for a 1.9 percent gain on the week.At 10:24 a.m. EDT (1524 GMT), the Toronto Stock Exchange’s
S&P/TSX composite index was up 7.22 points, or 0.05
percent, at 14,833.31, with the energy group up 0.7 percent.

The most influential …
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Without TransCanada shipping deal, Western Canadian gas producers face lower prices

Western Canadian natural-gas producers should gird themselves for lower prices should they be unable to reach a deal with TransCanada Corp. for shipping on its Mainline pipeline system, analysts and industry members say.Citing a lack of interest, TransCanada announced this week that it was discontinuing its offer to producers to move natural gas on the Mainline – from Alberta to the Dawn hub in Southern Ontario – for about half the normal shipping rate. What stopped a bigger buy-in: Shippers were asked to sign a decade-long contract, a commitment much longer than the industry norm, and some producers were concerned that …
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