UPDATE 2-Canada August trade deficit widens, hitting Q3 growth
According to attorney Stephen Griggs , it is becoming common for Canadian corporate directors to need the majority support of shareholders and in Canada there are no staggered boards of directors that make directors tough to overthrow. But what will probably be music to the ears of a guy like Icahn is that Canadian securities regulators eventually often quash poison pills, the ubiquitous protection tool of American boards of directors. Icahn has ventured up to Canada in the past, but the country seems riper than ever for American activist investors. William Ackman recently shook up an iconic Canadian brand, Canadian Pacific Railway, and made a killing for his Pershing Square hedge fund revamping the company. Canadas Globe and Mail even named Ackman its CEO of the year . Other American activists, however, have had less luck and dont view Canada as a great place to practice their brand of investing. Barry Rosenstein had his Jana Partners hedge fund launch an activist proxy campaign against Canadian fertilizer maker Agrium that failed. Rosenstein later slammed what happened to him in Canada , alleging the company bribed shareholders using a tactic allowed in Canada that saw Agrium pay brokers 25 cents for a successful vote in the proxy contest. Theres a cost to what they did. Theres a cost to corporate governance in Canada. Will I think twice about going back to Canada?
Canada gets new look for Olys
On Tuesday, the Canadian Soccer Association released the names of 18 players taking part in an Under-18 mens training camp in Guatemala this week. The camp runs from Wednesday until Sunday, and features two exhibition games against the host Guatemalans. This will be another important camp for these boys, coach Phil Dos Santos said in a release. We will continue to build and reinforce on the identity and quality of play we want to see in our youth national teams. All players in camp will be eligible for the 2015 CONCACAF Under-20 Championship, the tournament that will determine the regions entrants in the 2015 FIFA Under-20 World Cup. The boys will play two quality international games against a good Central American side (and) they will be exposed to a different environment and challenge, said Dos Santos in the release. The objective is always for the players to grow and assimilate the behaviors we want them to have as a team. READ: Canada U-17 coach announces WCup roster with plan to win every game All three Canadian MLS teams are represented in the roster, as are FC Edmonton of the NASL, and some of the names will already be familiar to Canadian fans. Both Samuel Adekugbe (Vancouver Whitecaps) and Manuel Aparicio (Toronto FC) made the jump from their respective clubs academies to their senior teams in 2013, while Adekugbe (pictured at top), Jackson Farmer and Jeremy Gagnon-Lapare were called into camp with the senior mens national team under head coach Benito Floro in September. Meanwhile, two of the players Luca Gasparotto and Sadi Jalali represented Canada at the 2011 FIFA Under-17 World Cup. Jalali scored for Canada in a 2-2 draw with England in that tournament, to help earn Canadas first-ever point in the competition. The team was set to arrive in Antigua, Guatemala, on Tuesday ahead of the two friendly matches, to be played on Friday and Sunday. GOALKEEPERS: Mario Gerges (Coquitlam Metro-Ford), Nolan Wirth (Vancouver Whitecaps FC Residency) DEFENDERS: Bruno Zebie (FC Edmonton Academy), Samuel Adekugbe (Vancouver Whitecaps FC), Jackson Farmer (Vancouver Whitecaps FC Residency), Mitch Piraux (Vancouver Whitecaps FC Residency), Enrique Garcea (Winnipeg Wesmen), Luca Gasparotto (Rangers/Scotland), Braden Silva (WSA Winnipeg) MIDFIELDERS: Jeremy Gagnon-Lapare (Montreal Impact Academy), Louis Beland-Goyette (Montreal Impact Academy), Manuel Aparicio (Toronto FC), Crosby Tre (FC Erzgebirge Aue/Germany), Dylan Sacramento (York University), Richmond Laryea (Sigma FC), Yacine Ait Slimaine (Montreal Impact Academy) STRIKERS: Calum Ferguson (Inverness Caledonian Thistle/Scotland), Sadi Jalali (FC Edmonton)
Canada begin prep for 2015 U-20 FIFA World Cup, announce U-18 roster for Guatemala friendlies
“The Canadian economy is still waiting for that growth rotation into exports,” said Doug Porter, chief economist at BMO Capital Markets. “And, given the U.S. government shutdown and the deepening uncertainty over the fast-approaching debt ceiling limit, no one is holding their breath in anticipation of a quick revival on that front,” he said. Consumers and a housing boom have provided most of the muscle in Canada’s economic growth since the 2008-09 recession but policymakers see that as unsustainable and are watching for signs the private sector is taking the lead through greater exports and investment. A silver lining in Tuesday’s trade report was that in volume terms exports and imports rose by 1.5 percent and 1.7 percent, respectively, which will help the monthly gross domestic product figures. But economists said the weak export performance could shave one percentage point off annualized growth in the third quarter. Scotiabank economists Derek Holt and Dov Zigler said exports were down 4.4 percent on a seasonally adjusted annual rate in the first two months of the quarter while imports gained 2.7 percent. “We have to see how September shapes up, but thus far, trade is looking to be a considerable drag on growth,” they said in a note to clients. The Bank of Canada sharply cut its third-quarter growth forecast in a speech on Oct. 1. Senior Deputy Governor Tiff Macklem said annualized growth in the third and fourth quarters would be in the 2 to 2.5 percent range. In its July forecasts, the bank had predicted 3.8 percent and 2.5 percent growth in the third and fourth quarters. Imports in August hit C$41.08 billion on higher shipments of energy products, aircraft and motor vehicles as volumes rose 1.2 percent and prices increased by 0.9 percent. The previous high was the C$40.89 billion recorded in April 2013.
Pictures of the uniforms have leaked out over the last month. But that didn’t damper the enthusiasm for the teenagers who stepped onto the ice amid club music and laser lights and skated around to show off the uniforms. “First to ever try on the Team Canada Olympic Jersey and unveil it to everyone. Speechless,” Paul Coffey’s son, Blake, wrote on Twitter afterward. “Honoured to get the opportunity to unveil the 2014 Team Canada Olympic Jersey Launch.” Hockey Canada’s reveal was another opportunity for fans to give their opinions about the jerseys. Some said it looked like Petro-Canada’s logo, while others wanted to go back to the jerseys used when Canada won gold in Vancouver in 2010. “People talking about how they feel about a jersey that’s close to their heart and represents their country is a great thing,” Nike creative director Ken Black said. The red and white jerseys feature a Maple Leaf logo with a stripe across the chest, while the black jersey has “CANADA” written across it in white letters on a gold stripe. All three include 12 gold maple leaves inside the collar to commemorate the eight men’s, three women’s and one sledge hockey gold medal the country has won at the Olympics. Black said the jerseys were inspired by the 1920 team that won gold at the Summer Olympics in Antwerp, Belgium, with touches from the 1972 national team uniform. “The best resource that we have in our country are our players and our people,” Hockey Canada president and CEO Bob Nicholson said.
Canada: Man gets life for wife’s hammer murder
Otillia worked as a maid at a Fredericton hotel, while studying for three degrees and going on to achieve her doctorate in education at the same university. She had achieved tenure at St. Francis Xavier University and was considered to be an inspiration to many who knew her. aAs a result of his employment status, the children believed that Patrick was deeply troubled by a perceived lack of respect from others, including Otillia,a Oko read from the statement of facts. aOtillia shifted from the subordinate role in the relationship, a change which Patrick viewed as offensive. He began to believe that she would take the children and move away. He made a motion in family court to be granted sole custody and told the children before the March 15, 2011 court date that if he didnat get his way, head take matters into his own hands. He didnat get his way and the matter was adjourned until April. The children told Otillia what Patrick had said. She went to the RCMP, who advised her not to return to the home and put her in contact with the Naomi Society for Victims of Family Violence. With them, she developed a safety plan, but declined to move immediately into a transition house. She returned home and told her daughters she was planning on moving out the following day. That night as she slept on the living room floor with her three-year-old daughter, Patrick approached her and hit her at least seven times on the head with a hammer.