Thu May 17, 2012 8:56am EDT

May 17 (Reuters) – Canada’s main stock index looked set to
open higher, recovering from a 2012 low hit on Wednesday, as a
stronger gold price helped offset worries about contagion from
Greece spreading to other euro zone countries.

TOP STORIES

* Canadian Pacific Railway Ltd Chief Executive Fred Green
resigned, handing activist shareholder William Ackman a clear
victory after a bruising proxy battle for control of Canada’s
second biggest railroad.

* New U.S. claims for unemployment benefits were unchanged
last week, according to government data on Thursday that will do
little to ease concerns about a recent slowdown in jobs growth.

* Spain’s borrowing costs shot up at a bond auction on
Thursday, after economic data confirmed the country is back in
recession and reports that nationalized Bankia SA had suffered
an outflow of deposits hammered its share price.

* Sears Holdings Corp said it plans to spin off a large part
of its stake in its Canada unit, which has struggled
with weak sales and dragged down overall performance.

* Research In Motion Ltd. : The blackberry-maker
said the UK agency responsible for setting standards for
computer security has approved the BlackBerry 7 operating system
for government use.

MARKET SNAPSHOT

* Canada stock futures traded slightly higher.

* U.S. stock futures , , were down
around 0.21-0.41 percent

* European shares, were down more than a
percent

COMMODITY PRICE MOVES

* Thomson Reuters-Jeffries CRB Index : 289.6; rose
0.09 percent

* Gold Futures : $1,550.6; rose 0.94 percent

* US Crude : $92.95; rose 0.15 percent

* Brent Crude : $109.1; fell 0.59 percent

* LME 3-month Copper : $7,686; rose 0.47 percent

CANADIAN STOCKS TO WATCH

* Enbridge Inc. : The oil transporter kicked off one
of the most sweeping expansions in its history on Wednesday, a
C$3.2 billion series of projects across its pipeline system
aimed at moving western Canada and North Dakota oil to Eastern
refineries and eliminating costly bottlenecks in the U.S.
Midwest.

* Royal Bank of Canada : The bank along with Credit
Suisse are among suitors who have put in initial bids to buy the
non-U.S. wealth management business of Bank of America in a deal
that could be worth about $2 billion, sources said.

ANALYST RECOMMENDATIONS

Following is a summary of research actions on Canadian
companies reported by Reuters.

* Allied Properties REIT : Canaccord ups target to
C$28 from C$27 on strong Q1 results; rating hold

* Boardwalk REIT : Macquarie ups price target to
C$65 from C$60 as it sees long-term gain from the REIT’s
unutilized land holdings;rating outperform

* Canadian National : Barclays ups target to C$88
from C$84; rating underweight

* Canadian Pacific Railway : Barclays raises to
overweight from equal weight; ups price target to C$92 from
C$80, as company has potential to nearly double current earnings

* Timmins Gold : Canaccord Genuity raises to hold
from sell on valuation; cuts target price to C$1.60 from C$1.85

ON THE CALENDAR

* Major Canadian economic data includes wholesale trade and
foreign investment

* Major U.S. events and data includes initial claims, Lead
indicator and Phil Fed index

Article source: http://www.reuters.com/article/2012/05/17/markets-canada-stocks-idUSL4E8GH6M020120517

Helsinki, Finland –  Michal Handzus scored a power-play goal late in the third period to lift Slovakia to a 4-3 victory over Canada in the opening quarterfinal game of the 2012 World Championship.

Ryan Getzlaf took a major kneeing penalty with 2:32 remaining in regulation to
leave Canada a man short and it took the Slovaks just four seconds to snap a
3-3 tie.

Slovakia won the offensive-zone draw and Andrej Sekera ripped a shot from the
left point. Handzus, directly in front of Canadian goaltender Cam Ward, made a
neat deflection over the netminder’s right shoulder for the winner.

The Slovaks also received goals from Tomas Kopecky, Miroslav Satan and Milan
Bartovic, while Jan Laco stopped 33 shots in the victory. Slovakia will next
face the winner between Sweden and the Czech Republic in the semifinals.

Canada was eliminated in the quarterfinals for the third straight year.
Evander Kane, Jeff Skinner and Alexandre Burrows scored for the Canadians, who
held a 3-2 lead in the third period. Ward finished with 24 saves.

After Kopecky and Satan gave Slovakia a 2-0 lead with goals in the first 9:14
of the contest, Kane scored late in the first and Skinner added a power-play
goal 6 1/2 minutes into the second to tie the game. Burrows put Canada ahead
with 2:17 left in the middle stanza, but the Slovaks tied it with just 6:35 to
play in the third when Bartovic beat Ward with a wrister from the right
circle.

The other two quarterfinals will feature Norway against Russia and the United
States against Finland.

Article source: http://www.foxnews.com/sports/2012/05/17/slovaks-stun-canada-to-reach-semis-at-worlds/

OTTAWA |
Wed May 16, 2012 7:05pm EDT

OTTAWA (Reuters) – Canada’s federal science museum has removed an animated video showing youth masturbating from an upcoming sex exhibit following a public outcry, a museum spokesman said on Wednesday.

The Canada Science and Technology Museum will open the “Sex: A Tell-all Exhibition” on Thursday as planned despite strong criticism from Canadian Heritage Minister James Moore, who has called it an insult to taxpayers.

But the facility has decided to remove the video and raise to 16 from 12 years the minimum age for unaccompanied children to tour the exhibit designed to answer questions youth have about sexuality.

“The museum has received a higher than expected amount of expressions of concerns from the public,” spokesman Yves St-Onge said.

“We take the feedback of our community seriously, and so we have carefully considered their suggestions, and taken appropriate action that we believe will best serve our audiences.”

The show includes life-sized, full-frontal nude photos of males and females at various stages of life, and Canada’s Sun newspapers have described a “climax room” showing animations of aroused genitals with a voice of a man describing an orgasm.

In the exhibit, clinical sexologist Jamy Ryan discusses anal sex: “If you’re comfortable with trying that activity, go ahead and do it. It could be fun for you. But if you’re not, you don’t really have to do it. It’s not an obligation.”

Moore spokesman James Maunder said it was clear the exhibit fell outside the museum’s mandate of fostering scientific and technological literacy.

“This content cannot be defended, and is insulting to taxpayers,” he said.

Responding to criticism, St-Onge said: “The exhibition is designed to present information in a scientific, frank and accessible manner, an approach that the Canada Science and Technology Museum supports.”

(Reporting by Randall Palmer; Editing by Xavier Briand)

Article source: http://www.reuters.com/article/2012/05/16/us-sex-museum-idUSBRE84F1HM20120516

Wed May 16, 2012 5:01pm EDT

* U.N. official says 800,000 households are “food insecure”

* Canada questions use of official’s time

* Health minister dismisses him as ill-informed academic

(Adds details and comments from health minister)

OTTAWA, May 16 (Reuters) – A U.N. official criticized Canada
on Wednesday for allowing some of its people to go hungry, but
the government dismissed him as a “patronizing academic” and
said there are more pressing food concerns in other countries.

“Canada has long been seen as a land of plenty. Yet today
one in 10 families with a child under six is unable to meet
their daily food needs,” Olivier De Schutter, the United Nations
special rapporteur on the right to food, said in a statement.

“These rates of food insecurity are unacceptable, and it is
time for Canada to adopt a national right to food strategy.”

He said 800,000 households in the country are “food
insecure”. Canada has a population of 34 million.

De Schutter also raised concerns about the treatment of the
country’s aboriginal peoples.

Canada is the first developed country on which De Schutter
has reported. U.N. spokeswoman Yoonie Kim said Canada has a
standing invitation to U.N. human rights officials to visit.

Reacting to De Schutter’s report, Canadian Foreign Minister
John Baird told reporters the country’s federal and provincial
governments are focused on improving the lives of Canadians and
their ability to provide for themselves.

“There are, what, 193 members of the U.N.? I think most
Canadians would think that spending 11 days in Canada on this
issue – his time would be better spent elsewhere,” Baird said.

After De Schutter complained in a newspaper interview that
no federal cabinet minister had agreed to meet him, Health
Minister Leona Aglukkaq, from Canada’s aboriginal Inuit
population, met him on Wednesday.

But the meeting did not seem to go well.

“I met with the individual this morning and I found him to
be an ill-informed, patronizing academic studying, once again,
the aboriginal people, Inuit and Canada’s Arctic from afar,”
Aglukkaq told Parliament.

“I took the opportunity to educate him about Canada’s north
and the aboriginal people who depend on the wildlife that they
hunt every day for food security.”

(Reporting by Randall Palmer; Editing by Peter Galloway)

Article source: http://www.reuters.com/article/2012/05/16/canada-hunger-un-idUSL1E8GGP0N20120516

BY EDWARD WELSCH

CALGARY—Enbridge Inc. said Wednesday it is moving ahead with 3.2 billion Canadian dollars (US$3.2 billion) in pipeline expansions, mostly to send more crude oil from Canada and North Dakota to the U.S. Midwest and eastern Canada.

The expansions include a full reversal of the Line 9 pipeline from Sarnia, Ontario, to Montreal, where crude oil produced in North America will replace imported crude oil.

The expansions are another step in the reshaping of North America’s …

Article source: http://online.wsj.com/article/SB10001424052702303360504577408892726239780.html?mod=googlenews_wsj

OTTAWA (Reuters) – Canada’s federal science museum has removed an animated video showing youth masturbating from an upcoming sex exhibit following a public outcry, a museum spokesman said on Wednesday.

The Canada Science and Technology Museum will open the “Sex: A Tell-all Exhibition” on Thursday as planned despite strong criticism from Canadian Heritage Minister James Moore, who has called it an insult to taxpayers.

But the facility has decided to remove the video and raise to 16 from 12 years the minimum age for unaccompanied children to tour the exhibit designed to answer questions youth have about sexuality.

“The museum has received a higher than expected amount of expressions of concerns from the public,” spokesman Yves St-Onge said.

“We take the feedback of our community seriously, and so we have carefully considered their suggestions, and taken appropriate action that we believe will best serve our audiences.”

The show includes life-sized, full-frontal nude photos of males and females at various stages of life, and Canada’s Sun newspapers have described a “climax room” showing animations of aroused genitals with a voice of a man describing an orgasm.

In the exhibit, clinical sexologist Jamy Ryan discusses anal sex: “If you’re comfortable with trying that activity, go ahead and do it. It could be fun for you. But if you’re not, you don’t really have to do it. It’s not an obligation.”

Moore spokesman James Maunder said it was clear the exhibit fell outside the museum’s mandate of fostering scientific and technological literacy.

“This content cannot be defended, and is insulting to taxpayers,” he said.

Responding to criticism, St-Onge said: “The exhibition is designed to present information in a scientific, frank and accessible manner, an approach that the Canada Science and Technology Museum supports.”

(Reporting by Randall Palmer; Editing by Xavier Briand)

Article source: http://news.yahoo.com/canada-museum-kills-masturbation-video-outcry-230517695.html

OTTAWA (Reuters) – A U.N. official criticized Canada on Wednesday for allowing some of its people to go hungry, but the government dismissed him as a “patronizing academic” and said there are more pressing food concerns in other countries.

“Canada has long been seen as a land of plenty. Yet today one in 10 families with a child under six is unable to meet their daily food needs,” Olivier De Schutter, the United Nations special rapporteur on the right to food, said in a statement.

“These rates of food insecurity are unacceptable, and it is time for Canada to adopt a national right to food strategy.”

He said 800,000 households in the country are “food insecure”. Canada has a population of 34 million.

De Schutter also raised concerns about the treatment of the country’s aboriginal peoples.

Canada is the first developed country on which De Schutter has reported. U.N. spokeswoman Yoonie Kim said Canada has a standing invitation to U.N. human rights officials to visit.

Reacting to De Schutter’s report, Canadian Foreign Minister John Baird told reporters the country’s federal and provincial governments are focused on improving the lives of Canadians and their ability to provide for themselves.

“There are, what, 193 members of the U.N.? I think most Canadians would think that spending 11 days in Canada on this issue – his time would be better spent elsewhere,” Baird said.

After De Schutter complained in a newspaper interview that no federal cabinet minister had agreed to meet him, Health Minister Leona Aglukkaq, from Canada’s aboriginal Inuit population, met him on Wednesday.

But the meeting did not seem to go well.

“I met with the individual this morning and I found him to be an ill-informed, patronizing academic studying, once again, the aboriginal people, Inuit and Canada’s Arctic from afar,” Aglukkaq told Parliament.

“I took the opportunity to educate him about Canada’s north and the aboriginal people who depend on the wildlife that they hunt every day for food security.”

(Reporting by Randall Palmer; Editing by Peter Galloway)

Article source: http://news.yahoo.com/u-n-criticizes-canada-letting-people-hungry-171837652.html

UNITED NATIONS (Reuters) – Syria remains the top destination for Iranian arms shipments in violation of a U.N. Security Council ban on weapons exports by the Islamic Republic, according to a confidential report on Iran sanctions-busting seen by Reuters on Wednesday. Iran, like Russia, is one of Syria’s few allies as it …

Article source: http://news.yahoo.com/canada-charges-two-more-human-smuggling-case-145121673.html

Wed May 16, 2012 4:57pm EDT

Article source: http://www.reuters.com/article/2012/05/16/markets-canada-dollar-bonds-idUSL1E8GGEVE20120516

OTTAWA (Reuters) – Canada’s federal science museum has removed an animated video showing youth masturbating from an upcoming sex exhibit following a public outcry, a museum spokesman said on Wednesday.

1. 1. 
      

      
      C’mon — what’s not to like?
      
      

      
      Hoof it over to Facebook to join the weird news herd.
      

The Canada Science and Technology Museum will open the “Sex: A Tell-all Exhibition” on Thursday as planned despite strong criticism from Canadian Heritage Minister James Moore, who has called it an insult to taxpayers.

But the facility has decided to remove the video and raise to 16 from 12 years the minimum age for unaccompanied children to tour the exhibit designed to answer questions youth have about sexuality.

“The museum has received a higher than expected amount of expressions of concerns from the public,” spokesman Yves St-Onge said.

“We take the feedback of our community seriously, and so we have carefully considered their suggestions, and taken appropriate action that we believe will best serve our audiences.”

The show includes life-sized, full-frontal nude photos of males and females at various stages of life, and Canada’s Sun newspapers have described a “climax room” showing animations of aroused genitals with a voice of a man describing an orgasm.

In the exhibit, clinical sexologist Jamy Ryan discusses anal sex: “If you’re comfortable with trying that activity, go ahead and do it. It could be fun for you. But if you’re not, you don’t really have to do it. It’s not an obligation.”

Moore spokesman James Maunder said it was clear the exhibit fell outside the museum’s mandate of fostering scientific and technological literacy.

“This content cannot be defended, and is insulting to taxpayers,” he said.

Responding to criticism, St-Onge said: “The exhibition is designed to present information in a scientific, frank and accessible manner, an approach that the Canada Science and Technology Museum supports.”

(Reporting by Randall Palmer; Editing by Xavier Briand)

(c) Copyright Thomson Reuters 2012. Check for restrictions at: http://about.reuters.com/fulllegal.asp

Article source: http://www.msnbc.msn.com/id/47453351