CALGARY – Doug Shedden will handle head coaching duties for the Canadian team at the Spengler Cup next month.
G20 official: View persists of bailouts for big banks
MONTREAL (Reuters) – Some investors still seem to think governments will rescue failing large banks despite new rules designed to allow troubled institutions to collapse without taxpayer bailouts, the head of the Group of 20′s Financial Stability Board said on Thursday. Mark Carney, who is also governor of the Bank of Canada, said the FSB had made progress in implementing reforms to ensure no bank was considered “too big to fail,” but that more work may need to be done. “It is not clear yet that too-big-to-fail has been ended. …
NHL drops the gloves over sports-betting bill, urges Senate to ice legislation
OTTAWA – The National Hockey League is dropping its gloves to fight proposed legislation that would make it legal to bet on the outcome of a single game.
Pair charged with confining woman in Edmonton home for refusing marriage
EDMONTON – Edmonton police say they have charged two people with attacking and confining a young woman in her home after she refused to participate in an arranged marriage.
Sexual harassment is a form of discrimination, says B.C. Court of appeal
VANCOUVER – The B.C. Court of Appeal has ruled that sexual harassment is a form of sexual discrimination and can be used to prove a human rights case.
Sun Life sticks with C$2 billion profit goal for 2015
TORONTO (Reuters) – Sun Life Financial is sticking with an admittedly “ambitious” target of C$2 billion ($2.00 billion) in operating profit by 2015, despite a difficult outlook for financial markets, the Canadian insurer’s chief executive said Thursday. Sun Life unveiled the profit target in March, one that depends on equity markets and bond yields rising from the levels of earlier this year. While stock markets have edged higher, bond yields have remained low and few economists project an imminent rebound. “We’re still very much focused on those 2015 targets. …
Guatemala scours for survivors, death toll expected to rise
SAN MARCOS, Guatemala (Reuters) – Rescue workers on Thursday carted out dead bodies found under rubble in the aftermath of Guatemala's most po werful earthquake in decades, while others cleared wrecked cars and collapsed buildings as they searched for survivors. Most of those killed by Wednesday's 7.4 magnitude quake were crushed under debris in San Marcos state, a mountainous region near the Mexican border. Nearly two dozen people were still missing and President Otto Perez forecast the death toll would climb from 52. … British Bankers Association proposes culling most Libor rates by April
LONDON (Reuters) – Most Libor interest rates should be scrap ped by April to restore trust in what remains of the tarnished benchmark that was rigged by Barclays and other banks, a trade body said on Thursday. The British Bankers Association (BBA) said only 30 of 150 variations of the London Interbank Offered Rate should remain under a proposal it published for consultation. … EU workers strike over possible budget cuts
If an unprecedented debt crisis has been battering the European Union for over three years, isn't it time that EU employees take a sizeable pay cut too? Bank reforms proving a net benefit for growth and job creation, says Carney
OTTAWA – Bank of Canada governor Mark Carney says bank reform should be viewed as a way to improve economic growth, not detract from it.
Canada's Reid, Hollingsworth lead skeleton World Cup after 2 heats; Uhlaender 6th for US
LAKE PLACID, N.Y. – Canadians Sarah Reid and Melissa Hollingsworth are first and second after two heats in the skeleton World Cup opener in Lake Placid, N.Y.
Why Israel is red and American Jews are blue
Exit polls from the US presidential elections highlight a gap between American and Israeli Jews.
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