Canada Building Permits Fall From Record On Non-residential Work

Canada Dollar Falls on Crude-Oil Drop, U.S. Government Shutdown

government shutdown entered a second week. The currency was weaker against most of its 16 major peers as benchmark Canadian oil traded at the largest discount to U.S. crude since January. U.S. Speaker John Boehner said the House cant pass an increase to the U.S. debt ceiling without packaging it with other provisions — something President Barack Obama has labeled a nonstarter, adding to concern growth is slowing in Canada s largest trading partner. The loonie, nicknamed for the image of the aquatic bird on the C$1 coin, declined 0.3 percent to C$1.0325 per U.S. dollar at 8:18 a.m. in Toronto. One Canadian dollar buys 96.85 U.S. cents. Crude-oil futures dropped 0.9 percent to $102.90 a barrel in New York. The discount for Canadas benchmark Western Canada Select faced to West Texas Intermediate, its U.S. peer, was at $34.50 per barrel on Oct.

Report: Canada Spies Targeted Brazil Mine Ministry

Pope Francis Visits Assisi, the Birthplace of His Namesake Saint

The value of municipal permits dropped 21.2 percent to C$6.34 billion ($6.14 billion), following a revised 21.4 percent jump in July, Statistics Canada said today in Ottawa. Economists forecast a 7.4 percent fall according to the median of eight responses to a Bloomberg survey. With this decline, the trend in the value of building permits has become relatively flat since the beginning of 2013, Statistics Canada said in the report. The Bank of Canada is counting on a shift in demand to business investment and exports, from debt-fueled consumer spending , a process that has taken longer than expected, Senior Deputy Governor Tiff Macklem said in a speech last week in Toronto. The central bank has kept its overnight interest rate at 1 percent since September 2010 to encourage borrowing and spending. Permits for non-residential construction fell 37.9 percent to C$2.43 billion from last months record of C$3.91 billion, with commercial projects dropping 45.8 percent to C$1.40 billion. Industrial permits fell 1.2 percent to C$526 million led by manufacturing plants, following Julys 17.7 percent rise, the agency said. Institutional permits fell 36.7 percent to C$507 million led by Ontario schools and medical buildings. Residential permits fell 5.4 percent to C$3.91 billion in August. Single-family housing permits fell 3.0 percent to C$2.17 billion and for projects such as apartments and condominiums they fell 8.3 percent to C$1.74 billion. Toronto, Canadas largest city, was the biggest driver of the August decline with permits falling 35.9 percent to C$1.25 billion on commercial, institutional and multi-family buildings. Vancouver permits rose 13.6 percent to C$583 million on multi-family housing and commercial buildings, Statistics Canada said. The value of permits was 15.2 percent lower in August than the same month a year earlier.

The report on Globo television was based on documents leaked by former National Security Agency contractor Edward Snowden and was the latest showing that Latin America’s biggest nation has been a target for U.S., British and now Canadian spy agencies. The report said the “metadata” of phone calls and emails from and to the Brazilian ministry were targeted by Canada’s Communications Security Establishment to map the ministry’s communications, using a software program called Olympia. It didn’t indicate if emails were read or phone calls listened to. Brazilian Mines and Energy Minister Edison Lobao told Globo that “Canada has interests in Brazil, above all in the mining sector. I can’t say if the spying served corporate interests or other groups.” American journalist Glenn Greenwald, based in Rio de Janeiro, worked with Globo on its report. Greenwald broke the first stories about the NSA’s global spy program focusing on Internet traffic and phone calls. Globo previously reported that the communications of Brazilian President Dilma Rousseff and also state-run oil company Petrobras were targeted by NSA spying. Earlier, Greenwald wrote articles in the O Globo newspaper saying that the NSA was gathering metadata on billions of emails, phone calls and other Internet data flowing through Brazil, an important transit point for global communications. The fallout over the spy programs led Rousseff last month to cancel a planned visit to the U.S., where she was to be the guest of honor for a state dinner. Rousseff last month spoke at the United Nations General Assembly and called for international regulations on data privacy and limiting espionage programs targeting the Internet. Join the Discussion You are using an outdated version of Internet Explorer. Please click here to upgrade your browser in order to comment.

Canada’s DeLaet turns heads with his play and his personality

He has a good attitude, he’s a smart guy. And he’s played like crazy this week.” Weir won the Masters three years later. DeLaet played all four team matches with Aussie Jason Day, and came out of them with 2-1-1 record. Though the Internationals lost the Cup 18-1/2 to 15-1/2, DeLaet then crowned a superb week by holing a greenside bunker shot for birdie at the 18th to beat PGA Tour rookie of the year Jordan Spieth 1-up. It was his second dramatic closing shot of the day. Early Sunday morning in the completion of the alternate-shot match against Keegan Bradley and Phil Mickelson, DeLaet chipped in for a three at the par-4 18th with Bradley positioned to make birdie from 12 feet below the hole. “Just one of the coolest feelings in my life really,” said DeLaet, who looked as though he might burst a blood vessel when his chip tumbled into the hole. “I was standing over it, and I was like, this is what we practice for. We put in a lot of time around the greens, and it was a little grainy and it was super soft. I just did all the technique we’ve been practicing with Gabe (Hjertstedt, his short-game coach), and it paid off.” That match was halved, but DeLaet will never forget either moment. “What an unbelievable way to finish,” said DeLaet, who shared the best record on the team, 3-1-1, with Day, who dismantled Brandt Snedeker 6 and 4 in the second singles match.