Arthur Porter's longtime friendÂ Karol Sikora, a cancer expert, says the man wanted on fraud charges in CanadaÂ is responding well to emergency cancerÂ treatments in a hospital in Panama City. Porter, the former CEO of the McGill University Health Centre, diagnosed himself with cancer in late 2012 in the Bahamas, where he runs a number of cancer clinics.Â That was just before he travelled to Panama and was arrested.
Outspoken broadcaster and columnist Ezra Levant told a court Wednesday he wrote two or three non-partisan speeches for Sen. Mike Duffy, similar to ones that he prepared for other Conservative politicians. Levant was subpoenaed by the Crown in the fraud, breach of trust and bribery case against Duffy. Some of the charges are linked to $65,000 in contracts Duffy arranged with companies owned by an Ottawa friend, Gerald Donohue. His work included writing speeches for conservative politicians.
Drug and alcohol rehabilitation centres in Quebec are raising concernÂ recent welfare cuts will drive clients away from getting the services they need. Quebec implemented the changes to the welfare system to save money. HamadÂ saidÂ the cuts apply to all welfare recipients staying in long-term care facilities and making an exceptionÂ for people in drug and alcohol rehab would not be fair.
While oil futures prices rebound with vigor as analysts cite strong demand, the physical crude market tells a much more cautionary tale. Tens of millions of barrels are struggling to find buyers in Europe with traders of West African, Azeri and North Sea crude blaming poor demand. The deep disconnect between the oil futures and physical markets looks similar to the events of June 2014 when the physical market weakness became a precursor for a futures price crash.
(Reuters) - Retailer Canadian Tire Corp Ltd said it would buy leases for 12 properties previously held by the Canadian unit of Target Corp for $17.7 million. The 12 locations, spread across the country, will add about 400,000 square feet of retail space to Canadian Tire Retail's store network, the company said on Wednesday. Apart from its namesake automotive and homeware stores, Canadian Tire also operates Mark's, a casual and industrial wear retailer, and FGL Sports, whose store brands include Sport Chek, Hockey Experts and Sports Experts. "We've been tracking certain Target properties for some time and when the opportunity came up, we moved quickly and secured virtually all of them," Canadian Tire CEO Michael Medline said in a statement.
Four Afghan men were sentenced Wednesday to death by hanging over the filmed mob killing in downtown Kabul of a young woman falsely accused of burning the Qurâ€™an, a case that horrified the country and showed the dangers women face in the conservative society. Judge Safiullah Mojadedi sentenced eight others to 16 years in prison. Nineteen police officers accused in the case will be sentenced Saturday, their verdicts publicly announced the next day.
Prime Minister Stephen Harper has sent his "sincerest congratulations" to Alberta premier-elect Rachel Notley following a stunning victory by her New Democrats in the Alberta election. In a statement issued early Wednesday, Harper said he looks forward to working with "future Premier Notley on issues of importance for Albertans and all Canadians" such as jobs and economic growth. The NDP won its first majority government in Alberta on Tuesday night by toppling the Progressive Conservative colossus that had dominated the province for four decades. The crushing defeat prompted Jim Prentice to announce he was stepping down as PC leader effective immediately and that he would leave the Calgary Foothills seat he had recaptured.
By Jonathan Gould and Kathrin Jones FRANKFURT/MUNICH (Reuters) - Outflows of customer funds from U.S. investment manager Pimco will hurt earnings this year - and it is not yet possible to predict when flows might turn positive again, owner Allianz warned on Wednesday. Pimco - which contributes more than a fifth of the German insurer's operating profit - saw record outflows and management turmoil last year, including the acrimonious departure of its leader Bill Gross, known as the "Bond King". Investors have continued to withdraw money this year, albeit at a slower pace, and Pimco's flagship Total Return Fund has lost its title as the world's biggest bond mutual fund. "In asset management, the outflows from last year will burden the result in 2015," Michael Diekmann told Allianz's annual shareholder meeting on his last day as chief executive of Europe's largest insurer.
By Solarina Ho TORONTO (Reuters) - Canada's main stock index fell on Wednesday for the second straight session as hefty losses among energy companies following an unprecedented election outcome in Alberta province pushed the market to its lowest level in more than a month. The left-wing New Democratic Party (NDP) beat the Progressive Conservatives in a crushing victory that ended the center-right party's 44-year hold on power in the Western Canadian, oil-producing province. "Putting aside ideology issues, the most significant issue facing the NDP looks to be a lack of governing experience," Credit Suisse analyst Andrew Kuske said in a client note.
BERGEN-OP-ZOOM, Netherlands - A Canadian soldier has found a final resting place 70 years after he was killed during the Second World War. Pte. Albert Laubenstein died during the Allied advance through the Netherlands, towards the end of the conflict, but his body was buried in a battlefield grave that could not be located after the war. Laubenstein was buried with military honours on Wednesday at the Canadian War Cemetery, some 70 kilometres from where he fought and died in a battle to drive the Germans back east. He had joined the Canadian Army in 1940 and had also served with the 102nd Battalion of the Royal Canadian Artillery, the 4th Light Anti-Aircraft Regiment and the Royal Canadian Infantry Corps.
As Britain's political leaders spent a final day campaigning Wednesday, the election race drew to a bumpy close for the U.K. Independence Party, which suspended a candidate for saying he would shoot his Conservative opponent. "We've suspended him immediately, which is the right thing to do, and we do have a history of getting rid of people when they do something wrong very quickly indeed," said UKIP deputy chief Paul Nuttall. It is the latest in a string of embarrassing comments by members of UKIP, which has seen support grow for its anti-European Union stance and hopes to win a handful of seats on Thursday.