By Alastair Sharp
Hollywood heartthrob and environmental activist Leonardo DiCaprio said he rushed to release his upcoming climate change documentary “Before the Flood” ahead of November’s U.S. presidential elections to issue a clarion call to U.S. voters in time to influence their decisions. “We wanted this film to come out before the next election because … the United States is the largest contributor to this issue,” DiCaprio said to the audience after the film’s world premiere at the Toronto International Film Festival on Friday.”We cannot afford, at this critical moment in time, to have leaders in office that do not believe in the modern science of climate change,” he added. The film follows the Oscar-winning DiCaprio and actor-filmmaker Fisher Stevens as they travel from Canada’s oil sands to tiny Pacific islands, interviewing world leaders such as the Catholic Church’s Pope Francis and U.S. President Barack Obama, …
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By David Ljunggren
Canada’s energy regulator said on Friday that a panel assessing TransCanada Corp’s proposed Energy East pipeline was quitting, a decision that will drag out an already-lengthy appraisal process.Critics had demanded two of three panel members quit after it emerged they had privately discussed the project last year with former Quebec Premier Jean Charest, who was working for TransCanada as a consultant at the time.The regulator, the National Energy Board (NEB), said in a statement that the panel was stepping down “to preserve the integrity” of the board and the Energy East review.Although the panel members had talked to Charest and others in good faith, “they understand that their participation in these meetings may have created an apprehension of bias,” which could undermine the board’s credibility, the statement said.The announcement represents another challenge for the project, which is designed to carry 1.1 million barrels …
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(Bloomberg) — Canada’s financial regulator released proposed new mortgage rules that could see the country’s lenders hold more capital to offset risks.The draft guidelines have been updated to “reflect the changing risks in the Canadian mortgage market,” the Office of the Superintendent of Financial Institutions said in a statement. The watchdog said in December it would seek to shift the burden of risks to banks and away from taxpayers, part of a broader effort by government to address what some observers say is an overheated housing market.OSFI floated the policy as part of revised Capital Adequacy Requirements, or CAR, a set of rules governing federally-regulated banks, loan companies, and trusts and based on global requirements. The new CAR framework, published today, is open for comment until Oct.18. It will come into force as soon as November.If a Canadian lender doesn’t follow the compliance policies …
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(Bloomberg) — Imperial Oil Ltd. is looking for a buyer for its historic Norman Wells operations in Canada’s far north as the producer focuses on its larger business farther south.The producer, majority owned by Exxon Mobil Corp., plans to market the 11,000-barrel-a-day oil field this quarter, the company said in a statement Friday. The assets also include a fuel distribution center, Imperial said, without providing further details.Imperial began drilling for oil in Norman Wells, a town about 100 miles south of the Arctic Circle in Canada’s Northwest Territories, in 1920, followed later by a refinery which supplied military operations in Alaska and the Yukon with fuel during the Second World War. Decades later, the company expanded production and connected the field to markets in the U.S. with a pipeline to Alberta.In recent years, Imperial has sold off legacy assets as it expanded its oil sands business …
(Bloomberg) — Evidence of slack in Canada’s labor market is deepening, even as the country adds jobs. The number of hours worked fell in August at the fastest pace since the last recession against the same month a year earlier, and pay raises were the slowest in almost two years. Economists said those forces — along with a rise in the unemployment rate to 7 percent — are more powerful than the monthly job gain of 26,200 positions that Statistics Canada reported Friday from Ottawa.Canada’s dollar fell to the lowest in a week after the labor-market weakness mirrored the central bank’s assessment Wednesday that growth prospects have faded. The world’s 10th largest economy has been relying on employment growth to prop up consumer spending and offset falling investment brought on by low oil prices.“The Canadian job market is simply stuck in a rut,” Doug Porter, chief …
A TMX Group sign, the company that runs the Toronto Stock Exchange (TSX), is seen in Toronto, June 23, 2014.
Articles & Letters »
September 10, 2016
International trade is increasing day by day, small and big countries alike are mutually engaging in the transfer of huge quantities of goods and services. As with any contractual relationship, these mutual actions, between the trading partners may at times, create legal challenges and problems. However, due to the international nature of these undertakings, potential difficulties are exacerbated if and when they do become present.The issues which tend to give rise to the complications are the formation of contracts, distribution of agreements, joint ventures and the setting up of foreign companies or subsidiaries. Such transactions can pose a wide-range of legal uncertainties and it is trite that uncertainty does not bode well in contractual undertakings. For example, determining appropriate jurisdictions, interpreting applicable legal norms such as promissory estoppels and the enforcement of bilateral or unilateral promises1 are particularly troublesome.As per …
1017 W. Hastings St.
Price Small plates and pizza, $12 to $26; large plates, $19 to $45
Rating System Casual Dining
When clearing the remains of our oven-blistered flatbread, the server at Nightingale accidentally dropped an oil-brushed slice on the wood floor. Uh-oh. She paused and looked down, not sure whether to bend over and retrieve the bread or leave it. After a moment’s hesitation (the space was fairly tight), she swiftly kicked the pesky piece under the table, where it landed about an inch away from my toe. Own goal score! The flatbread punt wasn’t a red-card offence in and of itself. The service, on this occasion and two others, was generally pleasant, prompt and knowledgeable. Yet, this one little slapdash fumble does neatly encapsulate the larger inconsistencies, laziness and lack of ingenuity plaguing …
Six Degrees: Experiments in Pluralism is an essay series devoted to exploring Canada’s emerging identity as an experimental society. The inaugural 6 Degrees “citizen space,” presented by the Institute for Canadian Citizenship, will take place in Toronto from Sept. 19 to 21. 6degreescanada.comOne of my great-grandfathers came from a family so poor that his parents abandoned him in Trafalgar Square. He somehow ended up in the hands of the Canadian Pacific Railway, was sent from London to Canada as an indentured child – a virtual slave – and began his new life as one of those little boys running messages up and down the transcontinental trains.
He ended up driving the trains – chief engineers, I believe they were called. His son became a doctor in Winnipeg, then ran the St. Boniface Hospital. His daughter married a businessman, Merle Saul, my grandfather – and perhaps more successful as a hockey player. He played rover, a …
A deal that would allow Canada to sell maple syrup duty-free in the EU and Europeans to ship more cheese to Canadian shops has become the focus of a battle with anti-globalization groups that is key to the future of Europe’s free trade agreements.Supporters of the huge deal say it would increase trade between the EU and Canada on a range of products, from cars to investment and farm products, by nearly a quarter, boosting the EU economy by €12-billion ($17.6-billion).
But anti-globalization and other groups emboldened by France’s call to suspend EU trade talks with the United States have turned their attention to the deal already reached with Canada which has not yet been approved.There is a growing public backlash in the West against free trade and globalization, which critics blame for factory closures, depressed wages and a widening gap between rich and poor. Britain’ …