National Bank of Canada announced on December 3rd, 2009, that its board of directors has authorized a normal course issuer bid to purchase for cancellation up to 2% of its issued and outstanding common shares, which represents approximately 3,220,000 common shares.
This normal course issuer bid is subject to the approval of the Office of the Superintendent of Financial Institutions Canada ( OFSI ) and the Toronto Stock Exchange (TSX).
It is expected that the normal course issuer bid will... Read Full Story
Scotiabank announced on December 2nd announced two new mobile services to help keep customers informed during their busy lives.
The first to be launched is Scotia InfoAlerts, a service which notifies customers via text message or e-mail of transactional activities into their accounts.
The second is an application for the iPhone and iPod touch or Blackberry smartphones, which will provide Canadians with a GPS locator for Scotiabank branches and Automated Bank Machines (AMB).
These two... Read Full Story
WINNIPEG, Manitoba, Dec. 4 (UPI) --
A former member of the Royal Canadian Mounted Police was among 33 reputed Zig Zag Crew members arrested in an organized crime investigation, authorities say.
RCMP Sgt. Line Karpish confirmed Wayne Shuttleworth, 39, of Winnipeg, had been a Mountie in the early 1990s and has been identified as a member of the Zig Zag Crew, a gang associated with the Hells Angels, the Canadian Broadcasting Corp. reported Friday.
Shuttleworth is charged with... Read Full Story
Canada's top general said Sunday the transfer of prisoners to Afghan authorities has been halted more than once due to concerns detainees would be tortured. Gen. Walt Natynczyk, the country's chief of defense staff, declined to elaborate Sunday because he didn't want to pre-empt statements by other military officials in upcoming hearings on the matter in Parliament. A senior Canadian diplomat alleged last week that government officials ignored evidence that prisoners handed over to... Read Full Story
Finance Minister Jim Flaherty noted on Tuesday that Canada’s economic growth rate should be a bit better for the remainder of 2009 and in 2010 after a moderate performance in the third quarter.
Flaherty did however play down the potential threats that face recovery, which includes the strong Canadian dollar and the Dubai debt problem.
Canada has just made its way out of the recession in the third quarter, after having three quarters of contraction , however the 0.4% annualized growth... Read Full Story
Canada's government has dismissed opposition demands for a public inquiry into claims that troops in Afghanistan handed detainees over to local officials who were believed to torture. The main opposition parties made the demand after Richard Colvin, a Canadian diplomat stationed in Afghanistan at the time of the alleged abuse, told lawmakers there was a "likelihood" that Canadian forces broke international law. Colvin maintained Canadian forces "detained, and handed over for severe torture... Read Full Story
Top brass from Europe and the Americas, including US Defense Secretary Robert Gates, gather this week in Canada to discuss the future of NATO, the war in Afghanistan and other pressing security matters. Gates will be joined by counterparts from Belgium, Brazil, Canada, Germany, New Zealand, and the Netherlands as well as French President Nicolas Sarkozy's military adviser at the meeting from Friday to Sunday in Halifax. The Nova Scotia city is hosting the inaugural Halifax International... Read Full Story
OTTAWA (Reuters) - Senior Canadian military and government officials ignored evidence that Afghan authorities were torturing detainees handed over by Canada's troops and then tried to silence those who raised the alarm, a senior diplomat said on Wednesday. Richard Colvin said many of those arrested by the Canadian military were innocent and the practice of handing over prisoners knowing they could be abused was a war crime. The startling public allegations -- the first of their kind from a... Read Full Story
A new report commissioned by the Consumers Association of Canada noted that Ottawa should be clamping down on any excessive interest rates and penalty fees charged by credit card issuers during the current review of the credit and debit card industry.
The report goes to say that new microchip protected credit cards should result in lower interest rates being charged on those cards as they are designed to reduce the level of fraud.
Fraud is one of the costs that affect the level of... Read Full Story
An aboriginal couple spent their "last 10 dollars" on a lottery ticket that won them the second largest jackpot in Canadian history, they have said. Sporting a T-shirt, a baseball cap and sunglasses, and chewing gum, an emotional Kirby Fontaine, 40, of the Sagkeeng First Nation said he was very fortunate to have won the prize after suffering a stroke only one year ago. His wife Marie, 36, said they had never strayed far from their home on an aboriginal reservation in Manitoba, venturing only... Read Full Story
