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At least 23 injured after Air Canada flight slides off Halifax runway

National News - 1 hour 20 min ago
An Air Canada plane skidded off a runway as it landed early Sunday morning during a snowstorm in Halifax, an airport official said, sending at least 23 people to hospital for observation and treatment of minor injuries. There were 133 passengers and five crew members aboard flight AC624, which left Toronto just before 9 p.m. Saturday for a scheduled midnight landing at Halifax Stanfield International Airport, the airline said in a statement. Air Canada said on Twitter shortly before 8 a.m. that 18 people who were taken to the hospital had been released. There was conflicting information on the number of people injured with the RCMP and the airport saying 25 people were taken to hospitals in the area, but Air Canada said it had verified 23 were treated.
Categories: National News

Expected Iranian nuclear deal worse than Israel feared: Netanyahu

Business News - 2 hours 21 min ago

By Dan Williams JERUSALEM (Reuters) - Israeli Prime Minister Benjamin Netanyahu condemned on Sunday the framework Iranian nuclear agreement being sought by international negotiators, saying it was even worse than his country had feared. Israel has mounted what it terms an "uphill battle" against an agreement that might ease sanctions on the Iranians while leaving them with a nuclear infrastructure with bomb-making potential. "This deal, as it appears to be emerging, bears out all of our fears, and even more than that," Netanyahu told his cabinet in Jerusalem as the United States, five other world powers and Iran worked toward a March 31 deadline in Lausanne, Switzerland. Netanyahu's campaigning against the nuclear negotiations crested on March 3 with his speech to the U.S. Congress at the invitation of its Republican speaker, John Boehner, that angered President Barack Obama and many fellow Democrats.


Investment banks eye potential trading boost from ECB stimulus

Business News - 2 hours 23 min ago

By Anjuli Davies and John Geddie LONDON(Reuters) - Investment banks feeling the pinch from increased regulation since the financial crisis could reap an earnings reward from a boost in trading activity under the European Central Bank's (ECB) trillion-euro quantitative easing (QE) program. The flood of money into markets from the ECB's bond-buying has brought an increase in the volatility that traders crave as investors stake bets on the impact the scheme will have on inflation and long-term interest rates. "QE is likely to underpin a sustained period of strength in euro capital markets," Citigroup said in a research note on Friday. "There has been a sharp spike in rates and foreign exchange volatility, which also points to a strong quarter for wholesale banks' macro revenues." Revenue from fixed income, currencies and commodities trading, the so-called FICC universe, have historically been a rich source of profit for banks, but new capital rules and moves towards electronic trading have squeezed the sector in recent years.


Sam Bat gets competitive edge from weak loonie

National News - 3 hours 23 min ago
A Carleton Place company that produces wooden bats for Major League Baseball players says the weak Canadian dollar is giving it a competitive edge. The majority of the 22,000 maple bats produced annually in the Sam Bat factory west of Ottawa are exported — as far as Australia, Japan, Italy and France —  increasing the company's "bottom line quite dramatically" when the loonie is weak, said president Arlene Anderson. It's a welcome change for Anderson, who joined the company in 2007 when the loonie soared to a high of $1.10 U.S. when Sam Bat had been trying to increase its production, she said.
Categories: National News

ArabNet showcases 'transformative force' of Mideast tech sector

Business News - 3 hours 23 min ago

It’s fair to assume that when the average westerner thinks of Beirut, they’re more likely to picture sectarian conflict than digital innovation. Kelly Hoey, a New York-based Canadian who founded the startup accelerator Women Innovate Mobile, cited the quality of education in the Middle East and a plethora of advanced degrees in fields such as engineering as a major reason this region is one to watch for innovation. “That is a massive, massive advantage that this region should take hold of," said Hoey, speaking on a panel discussion at ArabNet. ArabNet, which just wrapped up its sixth edition, is one of the largest forums for the Middle East’s burgeoning tech startup industry.


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