immigrantscanada.com

Independent topical source of current affairs, opinion and issues, featuring stories making news in Canada from immigrants, newcomers, minorities & ethnic communities' point of view and interests.

Directional Aviation Capital: The S P/TSX composite index rose 87.25 points to 12,845.06 in a broad-based runup led by rising financials, according to The Star. Bombardier was ahead 26 cents or 5.5 per cent to $4.98 and The Toronto stock market closed higher Thursday amid corporate dealmaking and some positive American employment news. U.S. private equity firm Directional Aviation Capital is buying Bombardiers Flexjet fractional business aircraft ownership service for $185 million U.S. . The new owners are also ordering up to 245 Bombardier aircraft in a deal thats valued up to $5.2 billion U.S. . (www.immigrantscanada.com). As reported in the news.

Dutch disease: Federal politicians have argued over Dutch disease as part of the debate surrounding Canada's oilsands and whether development should be slowed, according to CBC. That can in turn cause layoffs in the manufacturing sector, the theory holds and The concept behind "Dutch disease" the idea that a resource boom is bad for the manufacturing sector is entirely wrong, economist Stephen Gordon argues in a new report. The argument says that a resource boom like the one seen in the oilsands drives up the value of the currency, making exports more expensive for customers outside of Canada and costing manufacturers some of their business. (www.immigrantscanada.com). As reported in the news.

European government bond: NEW YORK - U.S. and European government bond yields jumped on Thursday, with the yield on U.S. 10-year Treasury notes rising to the highest in more than 25 months, as economic data supported the view the Federal Reserve might reduce its bond purchases this month. , according to Reuters. The data, which follows an upbeat U.S. manufacturing report from Tuesday, could bolster expectations the Fed will begin winding down a bond-buying stimulus program this month. By Caroline Valetkevitch U.S. stocks opened higher and were on track for a third day of gains on the data, which showed improving U.S. economic conditions. Growth in the U.S. services sector accelerated in August to its fastest pace in almost eight years. (www.immigrantscanada.com). As reported in the news.

American employment data: The S P/TSX composite index rose 19.68 points to 12,777.49, according to CTV. U.S. indexes were higher as traders digested positive jobs data a day before the release of American employment data for August and TORONTO -- The Toronto stock market was slightly higher Thursday as caution continues to rule markets amid uncertainty over Syria and ahead of August U.S. jobs data. The Canadian dollar was up 0.06 of a cent to 95.37 cents US. (www.immigrantscanada.com). As reported in the news.

unemployment rate: The CIBC World Markets report says the unemployment rate for students aged 15 to 18 who are seeking part-time work has climbed to a record high of more than 20 per cent, according to CTV. Although Canada's unemployment rate has recovered from its peak during the recession, the report says the number of manufacturing and government jobs has been shrinking and TORONTO - A new report suggests that a growing number of older workers are taking on part-time jobs, which in turn is pushing up the unemployment rate among teenaged students. The report also notes that employment among those in the 15-18 age group has fallen by 22 per cent since 2007 even though the overall population in that age group has declined by only four per cent. (www.immigrantscanada.com). As reported in the news.

U.S. Labor Department: The loonie lost 0.13 of a cent to 95.18 cents US, according to CTV. On Thursday, payroll firm ADP reported that the American private sector created 176,000 jobs last month and TORONTO -- The Canadian dollar closed slightly lower a day ahead of the release of key employment data in Canada and the U.S. The key economic event of the week occurs Friday when the U.S. Labor Department releases its employment report for August. Economists expect the economy cranked out about 180,000 jobs last month but lower numbers of people applying for jobless insurance have encouraged some traders to think the number could be much higher. (www.immigrantscanada.com). As reported in the news.

Philippe Couillard: Philippe Couillard, the leader of the provincial Liberal party, said the Parti Qu b cois government has no business telling the provinces doctors, nurses, teachers and bureaucrats what they can and cannot wear to work. He said the proposal has created a climate of crisis to try to justify what is being called a charter of Quebec values, according to The Star. The details of the proposed legislation are to be introduced next Monday for what will be weeks of polarizing debate over how far to go in driving home the message that Quebec is a secular state that doesnt look kindly on faithful residents seeking exemptions from the rules that apply to everyone else and MONTREAL Quebecs main opposition party says a proposed ban on the wearing of religious symbols by public sector workers in the province is heading down a dangerous path that puts Quebecers fundamental freedoms at risk. The Quebec of today and tomorrow must unite people rather than divide them, include rather than exclude, add rather than take away and present to the rest of Canada and the world the best of itself, Couillard said. (www.immigrantscanada.com). As reported in the news.

Moncton Boys and Girls Club: Almost 45 per cent of the roughly 700 children who attend the group are new Canadians, which is up from less than three per cent in 2008, according to CBC. "It's demographics, it's culture is changing and it's changing rapidly, and it reflects on organizations like ours where we serve young people and children," he said and The Moncton Boys and Girls Club is seeing a dramatic rise in its immigrant membership. "It's something that really shows Moncton's a changing place," said Dan LeBlanc, the executive director of the local Boys and Girls Club. (www.immigrantscanada.com). As reported in the news.

unemployment benefits: The Dow Jones industrial average rose six points, or 0.04 per cent, to 14,937 Thursday, according to Times Colonist. The number of people applying for unemployment benefits last week dropped to a five-year low, and payroll company ADP reported that private sector employment rose by 176,000 last month and NEW YORK, N.Y. - Stocks are notching modest gains on Wall Street after encouraging news about the U.S. jobs market and higher sales from two major store chains. The Standard Poor's 500 rose two points, or 0.1 per cent, to 1,655. The Nasdaq composite rose nine points, or 0.3 per cent, at 3,658. (www.immigrantscanada.com). As reported in the news.

Alberta Serious Incident Response Team: The report by the Alberta Serious Incident Response Team, known as ASIRT, says the officers were lawfully trying to restrain the 34-year-old man after his arrest April 11, 2012, on criminal driving charges, according to Huffington Post. Purvis says the man pushed away and ran from staff, leapt over a 1-1/2-metre barrier, stood on a desk and threw TV monitors at officers. He was pulled to the floor where additional officers tried to control him and "eventually they were able to apply handcuffs and ankle restraints." EDMONTON - An investigation has concluded that two police officers did not cause the death of a man who was Tasered during a struggle while in custody. ASIRT executive director Clifton Purvis says the man was in custody at the detainee management unit at Edmonton police headquarters and refused to be handcuffed for a trip to his bail hearing. (www.immigrantscanada.com). As reported in the news.