MBIX has invited, but is yet to peer with, several of the regions Internet service providers, including MTS Allstream Inc., Rogers Cable Communications Inc, Telus Advanced Communications, Shaw Communications Inc., and Bell Canada. Current members include VOI Networks Inc., Akamai International, and LES.NET. Hurricane Electric is another peer on the network, which is a wholesale seller of Internet backbone and colocation services. Enter right now: D-Link Extreme SMB Network Makeover Contest Creating a local IXP where carriers and communications providers directly connect with each other to exchange traffic means that Internet traffic no longer has to travel through major U.S.-based Internet pipelines just to reach the other side of town. That means faster response times for Internet users, and reduced bandwidth costs for service providers. But having a network of IXPs that will move Canadian traffic horizontally across the country, rather than ping-ponging back and forth from U.S. hubs, will also help Canadian Internet users avoid exposure to the kind of surveillance activities that have recently come to light south of the border, according to Byron Holland, president and CEO at CIRA. All the events coming out of the U.S. with the NSA [National Security Agency] and the PRISM program highlight that its a good idea to keep traffic in your won jurisdiction as much as you can, he says. citizens. The latest revelation reported today in The Guardian shows a different NSA program, codenamed Marina, stores online metadata of millions of Internet users for up to a year. Among details stored are browser experience, contact information, and content used to develop profile summaries. Worries over whether Canadian data could be caught up in such surveillance programs could further increase the aversion to U.S.
CANADA STOCKS-TSX hits 2-week low on U.S. fears; posts Q3 gain
“There is some nervousness as we approach the shutdown deadline, but there are no signs of panic yet,” said Elvis Picardo, strategist at Global Securities in Vancouver, adding that the Canadian market is viewing the debt crisis as a U.S. issue. “Investors believe that there will be a resolution to this problem,” he added. “It may not occur today or tomorrow, but it’s certainly what they’re hoping for.” The Toronto Stock Exchange’s S&P/TSX composite index closed down 56.89 points, or 0.44 percent, at 12,787.19, after falling s low as 12,734.71, its lowest since Sept. 16. All of the 10 main sectors on the index were in the red. For the third quarter, the TSX advanced 5.4 percent, compared with a 4.7 percent gain by the S&P 500. Helped by a rebound in appetite for commodities, the benchmark Canadian index has been regaining ground lost in the first half of the year. “I doubt if we’ve seen the highs for the year for the TSX,” Picardo said. “I still think there are more legs to the rally.” Tracking a drop in the price of oil, shares of energy producers shed 0.5 percent. In the group, Suncor Energy Inc was down 1.3 percent at C$36.83, and Canadian Natural Resources Ltd gave back 0.2 percent to C$32.37. Financials, the index’s most heavily weighted sector, fell 0.6 percent. Royal Bank of Canada dropped 0.8 percent to C$66.00.
Just before the crisis, total employment was 63.7 per cent of the population. It fell sharply during the recession, by more than two percentage points in less than 18 months, and then struggled to recover even to 62 per cent, where it has flat-lined for more than two years. So, while Canadas economy is indeed producing more jobs every year, it isnt producing enough to adequately absorb the natural expansion in Canadas labour force. The result is that a growing number of Canadians who want jobs must search longer to get them, and many are unable to find them at all. This brings us to the unemployment statistics. The official unemployment rate is now 7.1 per cent, well below its peak of 8.7 per cent in mid-2009. On the surface, this looks pretty good. But one reason the unemployment rate falls is that some people become so discouraged by their inability to find a job that they stop searching and drop out of the labour force; when this happens, the resulting decline in the unemployment rate is not good news. Statistics Canada publishes an expanded measure of the unemployment rate that includes discouraged workers as well as workers who are working at part-time jobs even though they continue searching for full-time ones. This alternative unemployment rate is still above 10 per cent. Even worse is the prospect for Canadians between the ages of 15 and 24; their current unemployment rate is over 14 per cent, and has shown no sign of declining in almost two years. The biggest burden of Canadas slow-growth recovery is likely borne by the long-term unemployed. Before 2008, roughly 12 per cent of unemployed Canadians had been jobless for six months or more; 4 per cent had been unemployed for more than a year. These fractions increased significantly during the recession, but neither has shown a tendency to fall since mid-2011.