Canada Stocks-tsx Hits 2-week Low On U.s. Fears; Posts Q3 Gain

Essentially, any wireless device including cellphones and tablets that was reported lost or stolen may no longer be activated or reconnected. All a consumer needs to do when his wireless device had been stolen or lost is to report its unique IMEI (International Mobile Equipment Identity) number to law enforcement agencies. This in turn will be reported into the database, prompting Canada’s mobile service providers to take heed of the unit with the stolen IMEI number. Any attempts to reconnect, use or have the smartphone reactivated will eventually become futile. Canada Launches Database of Stolen, Lost Smartphone s ) “Canadians are among the world’s fastest adopters and heaviest users of sophisticated smartphones,” Bernard Lord, Canadian Wireless Telecommunications Association (CWTA) president and CEO, said in a statement. “Not only will this national blacklist help to make their smartphones a less valuable target for criminals, but the industry has also taken steps to help Canadian consumers identify if a pre-owned device has previously been reported as lost or stolen.” Moreover, Canadians who are out to purchase a new smartphone or wireless device may check if the gadget they are planning to buy has been reported stolen or lost. The Web site ProtectYourData.ca includes a convenient tool wherein Canadians only have to simply enter the IMEI number of a wireless device to find out if it has been blacklisted in Canada. If the IMEI number has been blacklisted, that device will not be able to be used on any participating Canadian network. The consumer look-up feature, the first of its kind in the world that utilises the GSMA IMEI Database, will include blacklisted devices that have been reported as lost or stolen as of September 30, 2013 and beyond. “This new system offers wireless subscribers a tremendously enhanced level of protection, by essentially making stolen handsets useless to the thief,” Ed Antecol, VP Regulatory, WIND Mobile, said. “This is an important step forward in the fight against mobile phone theft and unauthorized use.” “Black-listing lost and stolen devices will essentially eliminate the black market for stolen devices in Canada and the U.S. by reducing the value of mobile devices for criminals,” Ron Styles, SaskTel president and CEO, said. To report problems or to leave feedback about this article, e-mail: To contact the editor, e-mail:

FedEx Freight Continues Accelerating LTL Shipping To and From Canada

The U.S. Congress, still in partisan deadlock on Monday over Republican efforts to halt President Barack Obama’s healthcare reforms, was on the verge of shutting down most of the U.S. government starting on Tuesday morning. “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.

Health Canada presides over birth of billion-dollar free market in marijuana

“FedEx Freight is committed to adding value for our customers,” said William J. Logue, president and CEO of FedEx Freight. “By offering a published transit time advantage in the U.S. and to and from Canada, we are helping customers better meet their fast-cycle supply chain needs.” A subsidiary of FedEx Corp. /quotes/zigman/254280/quotes/nls/fdx FDX +0.30% , FedEx Freight has expanded its service offerings to support customers shipping to and from Canada. The company now Casino Online provides A.M. Delivery service to Canada for both FedEx Freight Priority and FedEx Freight(R) Economy shipments, offering greater speed and reliability for delivery throughout North America and helping customers to better plan and manage inventory levels. FedEx Freight recently invested in new facilities in Rochester, N.Y.; Vancouver, British Columbia; Calgary, Alberta; and Toledo, Ohio. With the opening of the new Rochester facility, FedEx Freight Priority next-business-day service has expanded between 13 U.S. markets and select points in Canada. Additionally, the Toledo service center will play a vital role in our Canadian network with service to Ontario, Ottawa and Quebec.

Canada’s job recovery may not be the envy of the world after all

Patients often use several grams a day to alleviate a wide range of symptoms, including cancer-related pain and nausea. They’ll no longer be allowed to grow it for themselves under the new rules. Revenues for the burgeoning new industry are expected to hit $1.3 billion a year by 2024, according to federal projections. And operators would be favourably positioned were marijuana ever legalized for recreational use, as it has been in two American states. Eric Nash of Island Harvest in Duncan, B.C., has applied for one of the new licences, banking on his experience as a licensed grower since 2002 in the current system. “The opportunity in the industry is significant,” he said in an interview. “We’ll see a lot of moving and shaking within the industry, with companies positioning. And I think we’ll see some mergers and acquisitions, strategic alliances formed.” “It’ll definitely yield benefits to the consumers and certainly for the economy and society in general.” Veterans Affairs Canada currently pays for medical marijuana for some patients, even though the product lacks official drug status. Some provinces are also being pressed to cover costs, as many users are too sick to work and rely on welfare. Health Canada currently sells medical marijuana, produced on contract by Prairie Plant Systems, for $5 a gram, and acknowledges the new system will be more expensive for patients. But Galarneau says competition will help keep prices in check. “We expect that over time, prices will be driven down by the free market,” she said. “The lower price range will likely be around $3 a gram.

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. Today, about 20 per cent of unemployed Canadians have been without work for more than six months, and over 7 per cent have been jobless for longer than a year. An extended absence from work often causes a deterioration of skills, and so the longer one remains out of work, the harder it is to get back in. This sets up a vicious circle in the labour market from which escape is very difficult. For young workers who cant find that first or second job, an increased period of unemployment makes them less attractive for any potential employers, who naturally prefer applicants whose resumes lack sizable holes. With both long-term and youth unemployment, the central problem is not just the absence of current income for those involved, it is also their diminished long-term prospects as productive members of the labour force.