Blazing wooden pallets and tires blocked one side of a street leading into a southern Ontario community on Thursday, after a skirmish between police and members of a First Nation land reclamation camp.
The confrontation in Caledonia, Ont., came hours after a judge granted a permanent injunction against the camp’s presence, which has stopped construction of a subdivision.
A electrical power pole was also set on fire by members of the Six Nations of the Grand River.
People at the blockade said officers with the Ontario Provincial Police (OPP) used a Taser on one person and fired at least one rubber bullet.
The OPP said police cruisers parked on the street were “heavily damaged” by the protest and that officers responded with “appropriate non-lethal force.” There were no injuries and an investigation is underway, the force said on Twitter. Several cruisers had been used to create a buffer zone between the burning blockade and the public.
Camp spokesperson Skyler Williams said the police ignited the situation.
“It’s another example of the OPP coming in here with violent acts of aggression against people that are just occupying their traditional territory. I think all of us are quite sick of it,” he said.
Williams said the blockade would last until the people decide it should end.
“As long as they want to keep pulling guns on our people, as long as the OPP wants to keep committing these acts of violence toward us,” he said.
“Now we have barricades up and people across the country talking about coming here to support what’s going on. I lay this at the feet of the OPP for continuing these violent tactics of peaceful occupiers of their own territory.”
Behind the buffer zone created by OPP cruisers, a group of local residents gathered, watching the smoke billow into the air as evening fell.
Lewis Walker, from Caledonia, said Prime Minister Justin Trudeau needs to step in and deal with this long-running conflict.
“Why is the conflict is still going on?” said Walker.
“Deep down inside, this is a federal issue, and we’re tired of it … bring that guy down here.”
Earlier, Ontario Superior Court Justice R.J. Harper granted the injunction sought by Foxgate Development and Haldimand County, the municipality that oversees Caledonia, after removing Williams from the proceedings.
Harper, who insisted that Williams was the leader of the effort, said he showed “contempt” for the court by refusing to obey the previous, temporary injunctions, and by insisting the Cayuga, Ont., courtroom was part of the “colonial” court system.
Harper said the court must acknowledge the “abuses that have been put upon the Aboriginal community.”
However, he added, “claims and grievances in our society … must be done respectfully, must be done in compliance with the orders.”
Members from Six Nations of the Grand River, which sits next to Caledonia about 22 kilometres south of Hamilton, set up the camp in July to stop the construction of the McKenzie Meadows development.
The camp, dubbed 1492 Land Back Lane, was raided by the OPP on Aug. 5, triggering a day of road and railway blockades. Demonstrators set tires ablaze and threw rocks and police fired rubber bullets.
A senior OPP officer said, in an affidavit filed as part of the injunction, that a second enforcement operation could trigger a stronger reaction that could see railways, bridges and power stations “attacked and damaged in retaliation.” The affidavit also said infrastructure could be targeted in other parts of the country.
Call for chief to step in
Six Nations member Gowenetoh said she wants to see elected council Chief Mark Hill take a stronger role in the evolving situation and approach the traditional government, the Haudenosaunee Confederacy Chiefs Council, to find a solution.
“He hears our cries,” she said. “He could rectify this. All he needs to do is go knock on the Confederacy door and say, ‘I’m willing to help us get our lands back.'”
The Six Nations members of the reclamation camp have historical records they say show that the land the development sits on was sold by a squatter to a settler who then received a land patent from the colonial authorities in 1853.
The property is part of the Haldimand Tract granted to Six Nations of the Grand River in 1784 for allying with the British during the American Revolution. The granted land encompassed 10 kilometres on both sides of the 280-kilometre Grand River which runs through southern Ontario and into Lake Erie. Six Nations now has less than five per cent of its original lands.
The Six Nations elected council has stated that, according to Ontario court decisions, there was no requirement for a private entity like a developer to accommodate Six Nations for developing lands that were taken illegally in the 1800s. Yet, the council said, Foxgate had transferred 17 hectares of land and $352,000 to Six Nations for accommodation.
Foxgate never consulted with the Haudenosaunee Confederacy Chiefs Council, the traditional Six Nations government, before commencing its project. The Confederacy Chiefs Council has supported 1492 Land Back Lane and deems the property to be in a red zone of land over which it contests title.
The Six Nations elected council has an ongoing court case, filed in 1995, against Ottawa and Ontario over lost lands. It is scheduled to go to trial in 2022.
The Six Nations elected council did not respond to a request for comment.
The Haudenosaunee Confederacy Chiefs Council could not be reached for comment.
Haldimand County Mayor Ken Hewitt said the blame fell on the federal government for allowing the situation to fester for decades.
“The federal government has a huge role to play,” he said.
“It has abdicated its duties over the years in giving the people of Six Nations a platform for them to voice their concerns and push those concerns through a process. That is why we are here today.”
Hewitt said if Ottawa stepped in to negotiate, it may create a path away from what the OPP says will lead to conflict.
“I would hope there is enough respect between the two communities and ties between the two communities that we can find a better way to bring this to the front of the federal government,” he said.
3 TSX Stocks to Buy in December for High Returns – The Motley Fool Canada
This year has been a roller-coaster ride for investors, with the S&P/TSX Composite Index falling over 35% in March and recovering strongly to recoup most of its losses. The encouraging announcements on vaccine development supported the rally last month. Meanwhile, the rising COVID-19 cases and a slowdown in the economic recovery are a cause of concerns. Amid this uncertain outlook, here are three top TSX stocks to buy right now for superior gains.
Amid the hope of life returning to pre-pandemic ways, West Texas Intermediate (or WTI) crude oil rose above $45 per barrel. The increase in oil prices brought some relief to the energy sector, including Suncor Energy (TSX:SU)(NYSE:SU). The company’s stock rose 38.2% last month. However, it is still trading over 51% lower for this year.
Yesterday, Suncor Energy provided its management’s guidance on the production levels and capital expenditure for 2021. The management expects its overall average production to come in the range of 740,000 to 780,000 barrels per day, representing a 10% growth from the mid-point of last year’s guidance. Further, the company has taken several costing initiatives in the last few years. The management hopes these initiatives to reduce its operating and capital expenses significantly in 2021.
The management expects its downstream utilization rate to improve by 6% to 93%. With the oil demand expected to rise next year, I am bullish on Suncor Energy.
Technology companies have witnessed a strong run this year amid the increased demands for their products and services due to digitization. However, BlackBerry (TSX:BB)(NYSE:BB) was under pressure due to its exposure to the automotive industry, which had witnessed a significant disruption amid the pandemic-infused shutdown. However, last month, the company’s stock rose close to 28% amid the vaccine hope.
In May, the company had launched its Spark Suite platform, which offers cybersecurity and endpoint management options to enterprises. The platform has helped the company acquire many blue-chip clients. It had also launched its Guard platform in the Managed Detect and Respond Services (MDR) segment in July, which could reach $2 billion by 2024 as per Frost & Sullivan’s projections.
Further, the company’s BTS (BlackBerry Technology Solutions) segment, which offers a broad portfolio of functional safety-certified and secure software for vehicles, showed improvement in the August ending quarter amid the resumption of production. Meanwhile, the management expects its BTS business to return to pre-pandemic levels early next year. Despite its healthy growth prospects, the company is trading at over 8% lower for this year, providing an excellent buying opportunity.
My third pick would an electronic payment-processing company, Nuvei (TSX:NVEI), which has returned over 75% since its IPO in September. It offers payment technology and intelligence services to around 50,000 customers operating across 200 markets with 150 currencies. The company has significant exposure to the iGaming and sports betting industries.
After getting the approval for sports betting in Colorado and Indiana, it recently received the authorization to operate in West Virginia. Currently, 17 U.S. states have legalized online sports betting, which several other states are working on the legalization of sports betting. So, the company has significant scope for expansion.
Further, Nuvei has developed proprietary platforms to support high-growth mobile and e-commerce markets, which could grow at around 13% annually for the next four years. So, given its high growth potential, the company could deliver multi-fold returns over the long run.
The Motley Fool recommends BlackBerry and BlackBerry. Fool contributor Rajiv Nanjapla has no position in any of the stocks mentioned.
Trucks and SUVs with remote starters top most-stolen list, IBC says – CBC.ca
Newer SUVs and trucks with remote starters top the list of the most often stolen vehicles in Canada, the Insurance Bureau of Canada said Wednesday.
The group that represents insurance companies across the country said theft from your own driveway using widely available electronic tools is on the rise across the country, as thieves respond to demand from high-end buyers overseas and street racers here at home.
The four-door 2018 Honda CRV with all-wheel drive holds the ignominious title of being the most stolen vehicle in Canada this year, with 350 thefts reported by insurers across the country — nearly one per day. When the 2017 and 2019 models are included in the tally, there were 758 stolen — that’s more than two per day.
Here’s the rest of the list:
There is wide variety across the country, too. In Alberta, all of the most-stolen vehicles are versions of pickup trucks: F150s and F350s from Ford, and Dodge Rams.
“These trucks are attractive to thieves, and oil and gas companies have used them almost exclusively, which has brought a disproportionately high amount of them to the province,” the IBC said.
In Ontario, however, the list is mostly high-end SUVs from Toyota, Honda and Lexus. Some of those get sold abroad, but many are chopped up for parts, the IBC said.
Atlantic Canada had a mix of both, with popular sedans such as the Honda Accord and Chevrolet Cruz mixed in. The most stolen vehicle in Atlantic Canada was the Chevrolet Silverado, which is typically targeted for export by criminal groups.
Drivers often worry about something like their window being smashed and their car being stolen that way. But cheap and plentiful tech tools make it far easier to steal a car today.
Bryan Gast, national director of investigative services at IBC, said in an interview with CBC News that the biggest trend he’s seeing this year is what’s known as a “relay attack.”
“That means they’re acquiring your signal from your key fob, cloning your key fob and [then] have the ability to start your vehicle without ever having the original key fob,” he said.
“It’s as simple as walking to your front door, seeing if they’re able to capture a signal of a key fob that might be inside. They don’t go anywhere in your house. They’re capturing it from the outside. And they have the ability to technologically clone the device and have the ability to start your car and drive off.”
New tech ‘makes it easy for the criminal’
The best tool to fight electronic theft, Gast says, is to not do what most people do — come into their house and leave their keys in a bowl or some other exposed place, just behind the front door. He recommends instead getting a metallic box for the car keys, one that blocks radio frequencies.
“If you put it in a box, it doesn’t emit the radio frequency. Basically, it is in a protective box or a pouch and [criminals] don’t have the ability to capture that key fob signal.”
Cars manufactured since 2008 have mandated some sort of car-mobilizing technology built into them, and that has changed the trends in car theft ever since, Gast says.
“A lot of the time, as people leave the key fobs in their vehicle, that’s where they keep it. They make it easy to hop in, push the button to start and off they go. But it also makes it easy for the criminal, too.”
There’s another built-in vulnerability in something many drivers do as a precaution: when in a parking lot, they double-check their car is locked by hitting the key fob.
But a thief in the area with the right technology can clone the fob from that.
“You’re emitting that frequency, which can also be captured,” Gast said.
A lot of the most-stolen vehicles are higher-end, expensive and large cars that can be hard to acquire outside North America, which is why Gast says a big motivator for theft isn’t a criminal looking for a joy ride or to sell it locally. The thief often has a specific request for a specific vehicle and then sets about finding it.
Convenient technology is just making it easier, such that currently, a car is stolen somewhere in Canada every six minutes.
Theft on the rise in COVID
While COVID-19 has led to more cars being parked due to people working from home, it has also led to an increase in one type of car theft, Gast says. Namely, people looking for specific parts and vehicles to be used in street racing events and other reckless driving behaviour.
“The problem is stealing parts for some of these modified vehicles in the vehicles themselves,” he said. “Law enforcement definitely has their hands full.”
RBC beats Q4 expectations as capital markets profit soars 44% – BNN
Royal Bank of Canada surpassed profit expectations in the fourth quarter amid a surge in earnings from its trading and investment banking operations that helped mitigate the impact of COVID-19 on the lender’s other branches.
The bank’s total net income inched up one per cent year-over-year to $3.25 billion in the three months ending Oct. 31. On an adjusted basis, RBC said Wednesday it earned $2.27 per share. Analysts, on average, were expecting $2.04 in profit per share. For the year, RBC’s net income fell 11 per cent to $11.44 billion.
The clear-cut star performer in the quarter was RBC’s capital markets division, where profit soared 44 per cent to $840 million. In a release, RBC attributed the growth to favourable market conditions and an increase in debt and equity offerings that boosted its investment banking team.
Credit quality also improved for RBC in the quarter, as the bank set aside $427 million for loans that could go bad, compared to $675 million in the prior quarter and $499 million in provisions a year earlier.
“While RBC came in ahead of consensus expectations, the amount can be chalked up to lower than expected provisions for credit losses,” wrote Barclays Capital Analyst John Aiken in a report to clients.
“While we do not believe that the beat, driven by provisions, will generate much outperformance, there is very little to complain about in RBC’s earnings and we believe that the fourth-quarter’s results more than justify supporting its valuation,” added Aiken, who has an overweight rating on RBC’s shares, with a $112.00 per-share price target.
RBC’s core personal and commercial (P&C) banking operations saw profit fall seven per cent to $1.5 billion in the quarter. Similar to the banks that reported on Tuesday, RBC noted the impact of lower interest rates as central banks have attempted to cushion the economic blow from the pandemic by easing borrowing costs. Higher technology costs also weighed on RBC’s P&C earnings in the period.
Profit from wealth management was down 25 per cent year-over-year, mostly due to a substantial gain from an asset sale that boosted the division a year earlier.
“Looking ahead, while it is difficult to predict how the coming year will unfold, RBC has the strength, stability and operational resilience to face a range of scenarios, and to continue creating long-term sustainable value,” said RBC CEO Dave McKay in a release.
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