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Iran regime top officials banned from Canada – CTV News




The federal government has formally banned the top echelons of the Iranian regime from Canada, with a new, rarely used designation now in place that allows border agents to deny foreigners access to the country.

Federal cabinet ministers confirmed during a virtual press conference on Monday that the measure brought in through the Immigration and Refugee Protection Act promised more than a month ago has now come into effect.

It also allows Canadian authorities to investigate any Iranian officials who are already in Canada, the ministers confirmed.

Prime Minister Justin Trudeau announced on Oct. 7 an intention to pursue the measure, along with $76 million in funding to better implement economic sanctions it has levied against Iran amid its crackdown on human-rights protesters.

Protests in the country began nearly two months ago after 22-year-old Mahsa Amini died in police custody. She had been arrested by the morality police for allegedly wearing a head covering incorrectly.

Public Safety Marco Mendicino said Monday’s move is a “major step in holding the Iranian regime accountable” for its abuses.

“This means that the senior echelons of the Iranian regime, the decision-makers, the power-brokers, the henchmen, those who are most responsible, will be rendered inadmissible to Canada permanently,” he said.

“This means that the architects of oppression including members of the Islamic Revolutionary Guard Corps will never set foot in Canada again.”

Mendicino said he is working to ensure that Canada Border Services Agency officers receive advice on how to implement the designation as soon as possible, so that within hours, and certainly by Tuesday, thousands of Iranian officials in the upper echelons of the regime will be deemed inadmissible if they try to enter Canada.

The government’s previously signalled number of 10,000 affected Iranian officials could prove to be an underestimate, suggested Immigration Minister Sean Fraser.

“The inadmissibility will be tied to a person’s role within the regime and senior officials across whether they are heads of state, members of cabinet, members of the judiciary, senior public officials, ambassadors or otherwise will be rendered inadmissible,” he said.

“If the number is broader than 10,000, then so be it.”

This report by The Canadian Press was first published Nov. 14, 2022.

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‘Extreme fire behaviour’: Labrador City ordered evacuated as wildfire approaches



LABRADOR CITY, N.L. – Forestry officials have asked everyone in Labrador City to leave as a nearby wildfire creeps closer.

In a news release, Newfoundland and Labrador’s Forestry Department says officials observed “extreme fire behaviour” today.

The department says there’s a danger that over 24 to 48 hours the wildfire will hurtle toward the Labrador West area, which includes Labrador City and the neighbouring community of Wabush.

Labrador City is home to about 7,450 people, and the municipality has asked everyone to head east to Happy Valley-Goose Bay, a six-hour drive away.

In a video on social media Mayor Belinda Adams asked people to gather their essentials as quickly as possible and leave.

Labrador City is the second Labrador community to be evacuated because of forest fires in as many months; residents of Churchill Falls were ordered to leave their homes on June 19.

This report by The Canadian Press was first published July 12, 2024.

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17-year-old girl reportedly falls from ride at Canada’s Wonderland – Global News Toronto



A 17-year-old girl reportedly fell from a ride at Canada’s Wonderland Thursday, sending her to a trauma centre.

York Region Paramedic Services told Global News they responded to the amusement park in Vaughan at around 2:30 p.m. after receiving a call that a person fell from a ride.

The victim was taken to a trauma centre, paramedics said. Police said they attended alongside paramedics and that the person who fell was a 17-year-old girl.

A statement from Canada’s Wonderland said that at around 2:35 p.m., ride operators for the Swing of the Century ride reported a guest injury.

“Park medical staff and EMS responded, and the guest was taken to hospital,” the statement said.

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“An incident investigation is underway. The safety of our guests and associates is our top priority.”

Stefanie Campbell, who was at Wonderland Thursday with her family, told Global News she was watching the Swing of the Century ride when the incident unfolded.

“I noticed that her right leg was extended … her right leg was out of her seat,” she said.

“As the right continued … each time she was going around she was falling more and more out of her seat. It got to the point where she was essentially holding onto the sides of the chair … and ultimately she fell.”

The amusement park’s website says the Swing of the Century is a “chair swing family ride.”

It takes “riders through the air in individual seats that are raised and lowered at a soothing pace,” the website says.

It was one of the original 26 rides when the park first opened.

A spokesperson for the amusement park said the ride will be open for patrons on Friday.

— With files from Global News’ Gabby Rodrigues

The Swing of the Century ride.

&copy 2024 Global News, a division of Corus Entertainment Inc.

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S&P/TSX composite breaks more records as investor optimism grows



Canada’s main stock index achieved another record high close Friday, after also hitting an all-time intraday record thanks to growing investor optimism about future interest rate cuts.

The S&P/TSX composite index closed up 129.39 points at 22,673.52, after hitting an intraday high of 22,750 earlier in Friday’s trading session. The index continued its momentum from Thursday, a day which saw the index gain almost 200 points on the latest report on U.S. inflation.

That report showed a continued cooling in price growth in June, marking the first monthly decline in overall inflation since May 2020. The cooler-than-expected inflation data stoked investor hopes that the U.S. Federal Reserve will start cutting its key interest rate in September — hopes that remained strong Friday in spite of a fresh update that said U.S. prices rose more at the wholesale level last month than economists expected.

“It was a very good day for the markets. It was a continuation of the optimism that was built yesterday,” said Macan Nia, co-chief investment strategist with Manulife Investment Management.

He added investors still riding the high from Thursday’s U.S. inflation reading weren’t dissuaded by Friday’s wholesale data, choosing instead to focus on the big picture.

“One would have maybe thought that would have put a little bit of water on the fire, but I think investors looked past the Producer Price Index and took a bigger step back as generally, the inflation data is moving in the right direction,” Nia said.

“There’s going to be one-offs in the data points.”

In New York, the Dow Jones industrial average was up 247.15 points at 40,000.90. The S&P 500 index was up 30.81 points at 5,615.35, while the Nasdaq composite was up 115.04 points at 18,398.45.

All three U.S. indexes had been on track to set all-time highs in afternoon trading but finished shy of them.

Investors are keen to see the U.S. Federal Reserve begin cutting interest rates, a move that would help companies of all sizes that have been under pressure from the increased cost of borrowing.

But while the Bank of Canada has already started to cut rates, Fed officials have been saying they want to see “more good data” on inflation before making a move.

“If (U.S. Fed chair) Jerome Powell comes out of the blue and becomes more hawkish and the markets start pricing out Fed cuts this year, that will definitely lead to near-term negativity (on the stock market),” Nia said.

He added the other potential risk that could disrupt this summer’s rally is the latest round of North American corporate earnings reports, which is just beginning.

“This earnings season is going to be very important. With the (recent stock market) rally, valuations are above their historical averages,” Nia said.

“I think that’s OK, as long as investors see that companies’ profit profile matches that valuation.”

On the bond market, U.S. Treasury yields swung temporarily but remained lower Friday, another indication market optimism about rate cuts is building, Nia said.

“Since the peak in yields this year at the end of April, we’ve seen yields come back down,” he said.

“I think as long as that narrative continues — yields trending lower, profits not collapsing — then the rally keeps continuing.”

The Canadian dollar traded for 73.38 cents US compared with 73.40 cents US on Thursday.

The August crude oil contract was down 41 cents at US$82.21 per barrel and the August natural gas contract was up five cents at US$2.27 per mmBTU.

The August gold contract was down US$1.20 at US$2,420.70 an ounce and the September copper contract was up eight cents at US$4.59 a pound.

This report by The Canadian Press was first published July 12, 2024.

— With files from The Associated Press

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

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