Wednesday, August 17, 2011

CA-CANADA Summary (Reuters)

Hackers hit newspaper site, claim Quebec PM dead

OTTAWA (Reuters) ? Hackers attacked the website of a prominent Canadian newspaper early on Tuesday and posted a false news item alleging Quebec Premier Jean Charest had died of a heart attack, the paper said. The fake entry remained on the site of the Le Devoir paper for more than an hour and was repeated by users on the Twittermicroblogging system before engineers were able to delete it.

July home resales flat, 2011 outlook raised

TORONTO (Reuters) - Sales of existing homes in Canada in July were little changed from June as activity cooled a bit in the hot markets of Toronto and Vancouver, the Canadian Real Estate Association (CREA) said on Tuesday. CREA said 37,492 homes changed hands in July, down 0.1 percent from June, but up 12.3 percent from the same month last year. That reflected a drop in activity in July 2010, when resales for the month hit their lowest point since 2002.

Canadian corporate profits seen taking a hit

TORONTO (Reuters) - Canadian corporate profits are expected to fall in the second half of the year as a soft U.S. economy takes its toll on exporters and as consumer confidence weakens, the Conference Board of Canada said on Tuesday. The board's leading indicator of profitability, which tracks 49 industries, contracted for the first time in almost a year, falling 0.1 percent, after flat readings in the previous two months.

Canada to put "Royal" back in its Navy and Air Force

OTTAWA (Reuters) - Canada's Conservative government, stressing traditional ties to Queen Elizabeth and the monarchy, is reinstating the names Royal Canadian Air Force and Royal Canadian Navy after a gap of 43 years. The Liberals removed the "royal" designation in 1968 when they amalgamated the branches of service and called the military the Canadian Forces.

Canada tightens sanctions against North Korea

OTTAWA (Reuters) - Canada has tightened sanctions against North Korea to punish the secretive Asian nation for "aggressive actions" such as the sinking of a South Korean corvette, the foreign ministry said on Monday. Canada will ban all exports, imports and new investment as well as outlawing the provision of financial services and technical data to North Korea. Humanitarian efforts and the supply of food and medical supplies are not included.

Analysis: Google deal ups RIM's allure, but for how long?

TORONTO (Reuters) - Google's $12.5 billion bid for Motorola Mobility brought a 9 percent gain for the beaten-down stock of tech rival Research In Motion on Monday as investors calculated what a similarly bulging premium would do for the BlackBerry maker's asking price. But it also means one more well-heeled suitor has shunned RIM as a potential target, leaving Canada's best-known company to go it alone as other big tech players pair up.

Winnipeg center Rypien found dead at home

WINNIPEG, Manitoba (Reuters) - Winnipeg Jets center Rick Rypien was found dead at his Alberta home on Monday, with the police telling local media there were no suspicious circumstances surrounding the 27-year-old's death. Rypien signed a one-year, $700,000 contract with the Jets as a free agent last month after six seasons with the Vancouver Canucks.

New stimulus seen if recession hits Canada: Finance minister

TORONTO (Reuters) - Canada would consider fresh stimulus for its economy if it slipped into recession, its finance minister said on Saturday, a move that could complicate plans to return to a balanced budget by 2014/15. "It will take economic contraction," Finance Minister Jim Flaherty said in an CBC Radio interview when asked what it would take for the government to suspend its budget-cutting policies and start stimulus spending again. "It would have to be the oxymoronic word 'negative growth.'"

Vietnam lifts eight-year ban on Canada cattle

WINNIPEG, Manitoba (Reuters) - Vietnam has lifted its eight-year-old ban on Canadian live breeding cattle, sheep and goats, becoming the first Asian country to do so since a 2003 discovery of mad cow disease, Canada's trade and agriculture ministers said on Sunday. The move, which takes effect immediately, gives Canada a share in a market worth C$50 million, International Trade Minister Ed Fast said in a statement, praising the economic impact of closer ties with Southeast Asia.

Bickering U.S. sees Canada-Colombia deal take force

WASHINGTON (Reuters) - Republican lawmakers fumed on Monday over potential lost American exports because of a free trade deal between Canada and Colombia that has taken force before President Barack Obama has even sent a five-year-old U.S.-Colombia agreement to Congress for a vote. "Today's entry into force of the trade agreement between Canada and Colombia means that -- for no good reason -- U.S. workers and exporters are now disadvantaged in Colombia, a key export market for American-made goods and services," said House of Representatives Ways and Means Committee Chairman Dave Camp.

Source: http://us.rd.yahoo.com/dailynews/rss/stocks/*http%3A//news.yahoo.com/s/nm/20110816/wl_canada_nm/canada_summary

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