Tuesday, 4 October 2011

CA-CANADA Summary (Reuters)

European fears yank TSX to 23-month low

TORONTO (Reuters) ? Toronto's main stock market index sank to a 23-month low on Tuesday morning as building anxiety over Europe's debt crisis and fears of a global recession sparked another selloff. The Toronto Stock Exchange's S&P/TSX composite index fell more than 3 percent to 10,876.62, its weakest level since November, 2009.

G20 not setting Greek emergency measures: Flaherty

OTTAWA (Reuters) - The Group of 20 nations is discussing Greece's ability to deal with its debt but is not preparing emergency measures in case the struggling nation defaults, Canadian Finance Minister Jim Flaherty said on Tuesday. Flaherty once again urged his European colleagues to take decisive action on the euro zone's debt problems, which continued to send global financial markets tumbling on Tuesday.

September auto sales fall, but Chrysler up

TORONTO (Reuters) - Canadian auto sales fell in September, extending a volatile year with Chrysler's strong performance the lone bright spot among the top manufacturers. Sales at the Canadian arms of Ford Motor Co, General Motors, Honda and Toyota all retreated in September from the levels of a year earlier, when the market was struggling to rebound from the 2009 recession.

Cancer kills Nobel physician before he hears of prize

STOCKHOLM (Reuters) - A scientist who won the Nobel prize for medicine Monday used his own discoveries to treat himself for cancer, but died of the disease just days before he could be told of the award. Calling it "bittersweet" news, colleagues of Canadian-born Ralph Steinman at New York's Rockefeller University said he had prolonged his own life with a new therapy based on his prize-winning research into the body's immune system.

Canada says Greek crisis worse, sees reordered debt

WHITBY, Ontario (Reuters) - The Greek debt crisis is getting worse rather than better, Canadian Finance Minister Jim Flaherty said on Monday as he urged European leaders to take clear and decisive action to avoid a banking meltdown. He also said he did not see a resolution without Greece's debt being "reordered".

Canada wants BoC's Carney to be next FSB head

WHITBY, Ontario (Reuters) - Canada wants its central bank governor, Mark Carney, to become head of the Financial Stability Board, the country's finance minister said on Monday days after a highly publicized clash between Carney and one of the world's most powerful bankers. "I would hope that that would happen," Finance Minister Jim Flaherty told reporters when asked if Carney would replace Italy's Mario Draghi as chairman of the FSB, a body comprised of global financial regulators.

Analysis: Canada farmers brace for life after wheat monopoly

WINNIPEG, Manitoba (Reuters) - The Canadian Wheat Board's marketing monopoly infuriated Darren Winczura so much that in 2002, he defied Canadian law by carrying a bag of wheat across the U.S. border. Winczura, who was charged along with about a dozen other farmers in the No.3 wheat exporter, spent a night in a southern Alberta jail and paid a C$900 fine.

Rogers to offer companies alternative to BlackBerry

TORONTO (Reuters) - Canada's Rogers Communications is teaming with a mobile device management company to enable corporate customers to use Apple and Google Android devices to send secure business email. In a blow to Research In Motion's BlackBerry, Canada's largest wireless company said on Tuesday it is partnering with Montreal-based Trellia to give more options to businesses that once relied exclusively on Blackberry's security features to protect employee email.

Flagging Hurricane Ophelia enroute to Newfoundland

MIAMI (Reuters) - Hurricane Ophelia weakened to a Category 1 storm on Sunday as it raced toward Newfoundland off Canada's Atlantic coast. Ophelia, which had earlier strengthened to become the third major hurricane of the 2011 Atlantic hurricane season, was still expected to be a powerful storm when it passed near or over the Avalon Peninsula of Newfoundland on Sunday night or early Monday.

Serial killer Clifford Olson dead

(Reuters) - Canadian serial killer Clifford Olson, serving a life sentence for murdering 11 boys and girls in the early 1980s, has died in a Quebec hospital, local media reports said on Friday. Earlier reports said Corrections Canada had told the families of Olson's victims that he was dying of cancer.

Source: http://us.rd.yahoo.com/dailynews/rss/stocks/*http%3A//news.yahoo.com/s/nm/20111004/wl_canada_nm/canada_summary

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