Canada – A Nation of Debt, A Nation of Prosperity

Canada - A Nation of Debt, A Nation of ProsperityCanadian now owe almost two-thirds more in debt than they use, or have available, for available income according to Statistics Canada.  For 2012, the rise in debt was higher in every category with mortgage and consumer debt surpassing a combined $1.6 trillion. As Canadians continue to enjoy spending without restraint or apparent interest in saving the debt rose 5.5% higher int he last three months of 2012.  Not all is…

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What a Greek Euro Exit Could Mean for Canada

What a Greek Euro Exit Could Mean for CanadaA tumultuous Greek exit from the eurozone would have a harder impact on Canada’s economy than the credit crisis recession of 2008 and 2009, a report from a major Canadian bank warns. The prospect of debt-saddled Greece defaulting on its loans, and exiting the euro currency union at some point has moved from a remote possibility to a realistic outcome in recent weeks, as a seemingly endless series of summits…

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Occupy Toronto Takes to the Streets Again

Occupy Toronto Takes to the Streets AgainAs Occupy Canada protesters across the country spent a second day in tents set up in urban parks on Sunday, protesters in Toronto launched another march in the city’s downtown core and gathered at a central shopping area. Members of the Toronto group who set up an encampment at St. James Park just east of the financial district, were on the move again, chanting, “Whose streets? Our Streets!” on their…

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Canada Imposes Additional Libyan Sanctions

Canada Imposes Additional Libyan SanctionsCanada has decided to go beyond the sanctions announced Saturday by the United Nations Security Council against Libya’s Moammar Gadhafi, his five children and top associates, Prime Minister Stephen Harper said Sunday. The security council unanimously voted to freeze the assets of Gadhafi and to impose a travel ban on the Libyan dictator, his children and his 10 top associates. The resolution also includes an arms embargo and a request…

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Canadians Await Word of Loved Ones in Egypt

Canadians Await Word of Loved Ones in EgyptCanadians with loved ones in Egypt were glued to computer screens and waiting by the phone Friday as they hoped to hear from family and friends in the North African country being swept with violent protests demanding an end to an autocratic era. Candace Furneaux was just one of many Canadians desperate to hear from family in Egypt. Her 26-year-old daughter was backpacking through the country when riots engulfed the…

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WikiLeaks: Prentice was ready to curb oilsands

WikiLeaks: Prentice was ready to curb oilsandsFormer environment minister Jim Prentice told U.S. Ambassador David Jacobson that he was prepared to step in and impose tougher regulations on the oilsands if the industry damaged Canada’s green reputation, according to a cable released by WikiLeaks. “[Prentice] noted that if industry did not take voluntary measures and if the provincial government did not set more stringent regulations, he would step in and press federal environmental legislation,” according to…

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WikiLeaks Putting Lives at Risk

WikiLeaks Putting Lives at RiskThe State Department has warned the whistleblowing website WikiLeaks that its expected release of classified U.S. documents would endanger countless lives, jeopardize American military operations and hurt international cooperation on global security issues. The department’s top lawyer urged WikiLeaks founder Julian Assange in a letter Saturday to keep classified documents off the website, remove records of them from its database and return any material to the U.S. government. Lawyer Harold…

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Feds warn travellers to be careful in Europe

Feds warn travellers to be careful in EuropeForeign Affairs is warning Canadians to be careful while travelling in Europe amid new terrorist fears there. The department stopped short of issuing a bona fide travel advisory Sunday but did say Canadians should “be aware” of their surroundings, and the department is “closely monitoring” the situation. “Canadians should be aware of their surroundings at all times, monitor local news reports, follow the advice of local authorities, and take appropriate…

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The Dreaded Double Dip Recession Looms

The Dreaded Double Dip Recession LoomsThe Bank of Canada has raised interest rates again, saying: the economy is recovering but still faces major challenges. If the economy is facing major challenges, then why raise rates? BMO economist Douglas Porter said poor housing sales and less spending by Canadians is still making for a fragile economy — and higher borrowing costs wouldn’t help improve the situation. I can’t think of a really good reason why the…

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Stephen Harper is to blame for the G20 Problems

Stephen Harper is to blame for the G20 ProblemsThis story isn’t about black clad idiots who get off on creating havoc and mayhem. It isn’t about police who view their fellow citizens as terrorists and threats instead of neighbours and friends. This story isn’t about the violation of our rights and freedoms, nor is about the success or failure of the meetings happening inside the fence. This story is about the arrogance and ignorance of our Prime Minister….

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