Economy

Japan Considers Extension of Covid Emergency as Economy Sputters – Yahoo Canada Finance

Published

4 years ago

January 31, 2021

Harry Miller

The Canadian Press

Military takes control of Myanmar; Suu Kyi reported detained

NAYPYITAW, Myanmar — Myanmar military television said Monday that the military was taking control of the country for one year, while reports said many of the country’s senior politicians including Aung San Suu Kyi had been detained. A presenter on military-owned Myawaddy TV announced the takeover and cited a section of the military-drafted constitution that allows the military to take control in times of national emergency. He said the reason for takeover was in part due to the government’s failure to act on the military’s claims of voter fraud in last November’s election and its failure to postpone the election because of the coronavirus crisis. The announcement follows days of concern about the threat of a military coup — and military denials that it would stage one — and came on the morning the country’s new Parliament session was to begin. The takeover is a sharp reversal of the partial yet significant progress toward democracy Myanmar made in recent years following five decades of military rule and international isolation that began in 1962. It would also be shocking fall from power for Suu Kyi, who led the democracy struggle despite years under house arrest and and won a Nobel Peace Prize for her efforts. The military’s actions were already receiving widespread international condemnation. New U.S. Secretary of State Anthony Blinken issued a statement expressing “grave concern and alarm” over the reported detentions. “We call on Burmese military leaders to release all government officials and civil society leaders and respect the will of the people of Burma as expressed in democratic elections,” he wrote, using Myanmar’s former name. “The United States stands with the people of Burma in their aspirations for democracy, freedom, peace, and development.” Australian Foreign Minister Marise Payne issued a similar statement, also calling on the military to respect the rule of law and release the leaders it had detained. The detention of the politicians and cuts in television signals and communication services on Monday were the first signs that plans to seize power were in motion. Phone and internet access to Naypyitaw was lost and Suu Kyi’s National League for Democracy party could not be reached. Phone service in other parts of the country was also reported down, though people were still able to use the internet. The Irrawaddy, an established online news service, reported that Suu Kyi, who as state counsellor is the nation’s top leader, and the country’s president, Win Myint, were both detained in the pre-dawn hours. The news service cited Myo Nyunt, a spokesman for the NLD. Its report said that the party’s Central Executive Committee members, lawmakers and regional Cabinet members had also been taken into custody. A list of other people believed to have been detained, compiled by political activists who asked not to be named for security reasons, included filmmaker Min Htin Ko Ko Gyi, writer Maung Thar Cho, and prominent veterans of the country’s 1988 student protest movement, such as Ko Ko Gyi and Min Ko Naing. Their detention could not immediately be confirmed. In Yangon, the country’s biggest city, life on the street appeared mostly as usual, as people carried out their normal morning activities, including exercising at a popular park. Monday’s parliamentary session was to be the first since last year’s election, as tension lingered over recent comments by the military that were widely seen as threatening a coup. The military, however, maintains its actions are legally justified, though Suu Kyi’s party spokesman as well as many international observers have said it is in effect a coup. The 2008 constitution, drafted and implemented during military rule, has a clause that says in case there is a national emergency, the president in co-ordination with the military-dominated National Defence and Security Council can issue an emergency decree to hand over the government’s executive, legislative and judicial powers to the military’s commander-in-chief. The clause had been described by New York-based Human Rights Watch as a “coup mechanism in waiting.” It is just one of many parts of the charter that ensured the military could maintain ultimate control over the country at the expense elected politicians. The military also was guaranteed 25% of seats in Parliament and control of several key ministries, especially those involved in security and defence. The 75-year-old Suu Kyi is by far the country’s most popular politician, and became the country’s de facto leader after her party won 2015 elections, though the constitution barred her from being president. She had been a fierce antagonist of the army during her time under house arrest. Nevertheless, once in power Suu Kyi had to balance her relationship with the country’s generals and even went on the international stage to defend their crackdown on Rohingya Muslims in the country’s west, a campaign the U.S. and others have labeled genocide. That has left her reputation internationally in tatters. She remains wildly popular at home, where most supported the campaign against the Rohingya. Suu Kyi’s party captured 396 out of 476 seats in the combined lower and upper houses of Parliament in last November’s polls. The military, known as the Tatmadaw, has charged that there was massive voting fraud in the election, though it has failed to provide proof. The state Union Election Commission last week rejected its allegations. Amid the bickering over the allegations, the military last Tuesday ramped up political tension when a spokesman at its weekly news conference, responding to a reporter’s question, declined to rule out the possibility of a coup. Maj. Gen. Zaw Min Tun elaborated by saying the military would “follow the laws in accordance with the constitution.” Using similar language, the military Commander-in-Chief Senior Gen. Min Aung Hlaing told senior officers in a speech Wednesday that the constitution could be revoked if the laws were not being properly enforced. Adding to the concern was the unusual deployment of armoured vehicles in the streets of several large cities. On Saturday, however, the military denied it had threatened a coup, accusing unnamed organizations and media of misrepresenting its position and taking the general’s words out of context. On Sunday, it reiterated its denial, this time blaming unspecified foreign embassies of misinterpreting the military’s position and calling on them “not to make unwarranted assumptions about the situation.” The Associated Press

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Business

A timeline of events in the bread price-fixing scandal

Published

3 hours ago

September 19, 2024

Anne Joseph

Almost seven years since news broke of an alleged conspiracy to fix the price of packaged bread across Canada, the saga isn’t over: the Competition Bureau continues to investigate the companies that may have been involved, and two class-action lawsuits continue to work their way through the courts.

Here’s a timeline of key events in the bread price-fixing case.

Oct. 31, 2017: The Competition Bureau says it’s investigating allegations of bread price-fixing and that it was granted search warrants in the case. Several grocers confirm they are co-operating in the probe.

Dec. 19, 2017: Loblaw and George Weston say they participated in an “industry-wide price-fixing arrangement” to raise the price of packaged bread. The companies say they have been co-operating in the Competition Bureau’s investigation since March 2015, when they self-reported to the bureau upon discovering anti-competitive behaviour, and are receiving immunity from prosecution. They announce they are offering $25 gift cards to customers amid the ongoing investigation into alleged bread price-fixing.

Jan. 31, 2018: In court documents, the Competition Bureau says at least $1.50 was added to the price of a loaf of bread between about 2001 and 2016.

Dec. 20, 2019: A class-action lawsuit in a Quebec court against multiple grocers and food companies is certified against a number of companies allegedly involved in bread price-fixing, including Loblaw, George Weston, Metro, Sobeys, Walmart Canada, Canada Bread and Giant Tiger (which have all denied involvement, except for Loblaw and George Weston, which later settled with the plaintiffs).

Dec. 31, 2021: A class-action lawsuit in an Ontario court covering all Canadian residents except those in Quebec who bought packaged bread from a company named in the suit is certified against roughly the same group of companies.

June 21, 2023: Bakery giant Canada Bread Co. is fined $50 million after pleading guilty to four counts of price-fixing under the Competition Act as part of the Competition Bureau’s ongoing investigation.

Oct. 25 2023: Canada Bread files a statement of defence in the Ontario class action denying participating in the alleged conspiracy and saying any anti-competitive behaviour it participated in was at the direction and to the benefit of its then-majority owner Maple Leaf Foods, which is not a defendant in the case (neither is its current owner Grupo Bimbo). Maple Leaf calls Canada Bread’s accusations “baseless.”

Dec. 20, 2023: Metro files new documents in the Ontario class action accusing Loblaw and its parent company George Weston of conspiring to implicate it in the alleged scheme, denying involvement. Sobeys has made a similar claim. The two companies deny the allegations.

July 25, 2024: Loblaw and George Weston say they agreed to pay a combined $500 million to settle both the Ontario and Quebec class-action lawsuits. Loblaw’s share of the settlement includes a $96-million credit for the gift cards it gave out years earlier.

Sept. 12, 2024: Canada Bread files new documents in Ontario court as part of the class action, claiming Maple Leaf used it as a “shield” to avoid liability in the alleged scheme. Maple Leaf was a majority shareholder of Canada Bread until 2014, and the company claims it’s liable for any price-fixing activity. Maple Leaf refutes the claims.

This report by The Canadian Press was first published Sept. 19, 2024.

Companies in this story: (TSX:L, TSX:MFI, TSX:MRU, TSX:EMP.A, TSX:WN)

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Economy

S&P/TSX composite up more than 250 points, U.S. stock markets also higher

Published

3 hours ago

September 19, 2024

Anne Joseph

TORONTO – Canada’s main stock index was up more than 250 points in late-morning trading, led by strength in the base metal and technology sectors, while U.S. stock markets also charged higher.

The S&P/TSX composite index was up 254.62 points at 23,847.22.

In New York, the Dow Jones industrial average was up 432.77 points at 41,935.87. The S&P 500 index was up 96.38 points at 5,714.64, while the Nasdaq composite was up 486.12 points at 18,059.42.

The Canadian dollar traded for 73.68 cents US compared with 73.58 cents US on Thursday.

The November crude oil contract was up 89 cents at US$70.77 per barrel and the October natural gas contract was down a penny at US2.27 per mmBTU.

The December gold contract was up US$9.40 at US$2,608.00 an ounce and the December copper contract was up four cents at US$4.33 a pound.

This report by The Canadian Press was first published Sept. 19, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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Economy

Construction wraps on indoor supervised site for people who inhale drugs in Vancouver

Published

17 hours ago

September 18, 2024

Anne Joseph

VANCOUVER – Supervised injection sites are saving the lives of drug users everyday, but the same support is not being offered to people who inhale illicit drugs, the head of the BC Centre for Excellence in HIV/AIDS says.

Dr. Julio Montaner said the construction of Vancouver’s first indoor supervised site for people who inhale drugs comes as the percentage of people who die from smoking drugs continues to climb.

The location in the Downtown Eastside at the Hope to Health Research and Innovation Centre was unveiled Wednesday after construction was complete, and Montaner said people could start using the specialized rooms in a matter of weeks after final approvals from the city and federal government.

“If we don’t create mechanisms for these individuals to be able to use safely and engage with the medical system, and generate points of entry into the medical system, we will never be able to solve the problem,” he said.

“Now, I’m not here to tell you that we will fix it tomorrow, but denying it or ignoring it, or throw it under the bus, or under the carpet is no way to fix it, so we need to take proactive action.”

Nearly two-thirds of overdose deaths in British Columbia in 2023 came after smoking illicit drugs, yet only 40 per cent of supervised consumption sites in the province offer a safe place to smoke, often outdoors, in a tent.

The centre has been running a supervised injection site for years which sees more than a thousand people monthly and last month resuscitated five people who were overdosing.

The new facilities offer indoor, individual, negative-pressure rooms that allow fresh air to circulate and can clear out smoke in 30 to 60 seconds while users are monitored by trained nurses.

Advocates calling for more supervised inhalation sites have previously said the rules for setting up sites are overly complicated at a time when the province is facing an overdose crisis.

More than 15,000 people have died of overdoses since the public health emergency was declared in B.C. in April 2016.

Kate Salters, a senior researcher at the centre, said they worked with mechanical and chemical engineers to make sure the site is up to code and abidies by the highest standard of occupational health and safety.

“This is just another tool in our tool box to make sure that we’re offering life-saving services to those who are using drugs,” she said.

Montaner acknowledged the process to get the site up and running took “an inordinate amount of time,” but said the centre worked hard to follow all regulations.

“We feel that doing this right, with appropriate scientific background, in a medically supervised environment, etc, etc, allows us to derive the data that ultimately will be sufficiently convincing for not just our leaders, but also the leaders across the country and across the world, to embrace the strategies that we are trying to develop.” he said.

Montaner said building the facility was possible thanks to a single $4-million donation from a longtime supporter.

Construction finished with less than a week before the launch of the next provincial election campaign and within a year of the next federal election.

Montaner said he is concerned about “some of the things that have been said publicly by some of the political leaders in the province and in the country.”

“We want to bring awareness to the people that this is a serious undertaking. This is a very massive investment, and we need to protect it for the benefit of people who are unfortunately drug dependent.” he said.

This report by The Canadian Press was first published Sept. 18, 2024.

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