March 31st, 2015

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Nine people plucked from Canadian tall ship in rising seas after engines fail

BOSTON – Nine people were rescued from a Halifax-based tall ship as it was buffeted by stiff winds and high waves early Monday about 93 kilometres east of Gloucester, Mass. The U.S. Coast Guard said it was notified at about 12:35 a.m. that the engines on the Liana’s Ransom were disabled, the generator was failing ... Read More »

NewsAlert: Activists, state TV say Islamic State fighters kill over 40 people in central Syrian village

BEIRUT – Activists, state TV say Islamic State fighters kill over 40 people in central Syrian village. More coming... Read More »

French examine cockpit entry, psychological screening; Lufthansa sets aside $300 million

PARIS – French aviation investigators said Tuesday they will examine “systemic weaknesses” like cockpit entry rules and psychological screening procedures that could have led to the Germanwings crash, while Lufthansa said its insurers set aside $300 million to deal with possible fallout from the disaster. Authorities say co-pilot Andreas Lubitz, who in the past had ... Read More »

South African PRAESA awarded 2015 Astrid Lindgren Prize for promoting children’s reading

HELSINKI – The South African alternative education project PRAESA has been awarded this year’s Astrid Lindgren Prize for children’s literature for innovative ways of encouraging reading and literature among children and youth. Announcing the award on Tuesday, the prize jury cites the organization for opening “new routes into the world of books and literature for ... Read More »

Canadian dollar, U.S. index futures down ahead of open at Toronto Stock Exchange

TORONTO – The Canadian dollar, major commodity prices and U.S. index futures were negative ahead of the open of trading at the Toronto Stock Exchange. The loonie traded at 78.46 cents US, down 0.32 of a U.S. cent from Monday close. The S&P/TSX composite index closed Monday at 14,908.39, after rising 95.97 points through the ... Read More »

Reports: Banned group takes prosecutor hostage inside Istanbul courthouse

ISTANBUL – Turkish news agencies say that members of a banned leftist group have taken a chief prosecutor hostage in his office inside a court house in Istanbul. Private Dogan news agency says some shots were fired inside. State-run Anadolu Agency and state television, TRT, identified the prosecutor as Mehmet Selim Kiraz. He is the ... Read More »

YouTube bringing Jenna Marbles, VSauce, IISuperwomanII to Toronto for FanFest

TORONTO – Google is bringing its YouTube FanFest event to North America for the first time and has chosen Toronto as the host city. The one-day free event will take place on May 2 at the city’s downtown Yonge-Dundas Square and will include appearances by YouTube stars Jenna Marbles, VSauce’s Michael Stevens, Bethany Mota and ... Read More »

Cineplex Entertainment expands screening program for people with autism

TORONTO – Cineplex Entertainment is expanding its special screening program for people with autism spectrum disorder and their families. The Canadian movie theatre company says its Sensory Friendly Screenings will now include 17 additional theatres, for a total of 29. The screenings include 2D projection, increased auditorium lighting, lower speaker volumes and smaller crowds. Theatres ... Read More »

Corporate profit margins at 27-year high amid falling loonie, labour costs: CIBC

TORONTO – CIBC World Markets says corporate profit margins hit a 27-year high in the fourth quarter and are likely to remain strong despite the recent softening in the economy due to the oil price shock. According to a new study released Tuesday, the average profit margin of all non-financial corporations rose to 8.2 per ... Read More »

Canadians lose more hours in traffic; Vancouver ranked most congested: report

TORONTO – Traffic congestion in most major Canadian cities is getting worse, according to a traffic index compiled by a firm that specializes in navigation and mapping products. TomTom’s fifth annual traffic index suggests the average commuter lost 84 hours in 2014 while delayed in traffic in Toronto, Vancouver and Montreal. Nationally, the index shows ... Read More »

Canada Pension Plan Investment Board invests in U.K. ports

TORONTO – The Canada Pension Plan Investment Board and a British partner are spending about C$2.9 billion to acquire at least 30 per cent ownership in a U.K. company that owns and operates 21 ports in England, Scotland, and Wales. CPPIB is buying its initial stake in Associated British Ports in partnership with Hermes Infrastructure. ... Read More »