The Canadian Parvasi - Issue 09

More documents

Recommendations

Info

The International News Weekly REGIONAL/CANADA 06 August 25, 2017 | Toronto One-third of asylum seekers entering Canada are under-age Agencies MONTREAL: Up to onethird of the 7,000 people who have crossed illegally into Quebec from the U.S. in the last six weeks are children, the province's immigration minister said Wednesday. Quebec's education department is considering running programs for the kids — including teaching classes — inside the temporary shelters set up to house refugee applicants in the Montreal area, said Kathleen Weil. "We received the demographic statistics last night," Weil told reporters after meeting with the Intergovernmental Task Force on Irregular Migration, which included the prime minister. "We need the children to feel secure," she said. "They are here for an uncertain amount of time. The education department is looking into what to do with the kids in the meantime." The task force was created to help provinces and the federal government co-ordinate a response to the roughly 7,000 people — mainly Haitians — who have crossed the Quebec-New York state border in the last six weeks. Up to 2,300 are under 18 years old, Weil said. They began entering Canada illegally after the Trump administration said it may end "temporary protected status'' for Haitians in the U.S., which was granted following their country's massive 2010 earthquake. The influx of thousands of people in such a short time has strained Quebec's resources, especially its housing infrastructure. Opposition politicians in Quebec have criticized the federal government's handling of the border crossers, some calling for Trudeau to suspend international agreements forcing Canada to accept people entering through illegal border points. Ultra-nationalist and other right-wing and antiimmigration groups have become increasingly vocal in the province, and have demanded the federal and provincial governments stop welcoming border crossers. Toronto airport strike to continue as ground staff The Canadian Press TORONTO: Striking ground crew workers at Canada's busiest airport have voted overwhelmingly to reject the latest offer from their employer and will continue a four-weeklong work stoppage. A spokesman for Teamsters Union Local 419 says the workers employed by Swissport vote 98 per cent to reject a new contract after turning down an offer by a wide margin in late July. "The first offer was rejected by 95 per cent so this is actually a stronger rejection," said union spokesman Christopher Monette. "Swissport's second offer to our members was almost identical to the first one. All they did was change a few details." About 700 cabin cleaners, baggage handlers, and other ground crew workers employed by Swissport reject new offer at Toronto's Pearson International Airport have been on strike since late July. Swissport services 30 airlines at the airport, including Air Transat, Sunwing Airlines, British Airways, Cathay Pacific, Air France, KLM and Lufthansa. Air Canada and WestJet are not serviced by Swissport. The ground crew strike has not significantly affected passengers, although the airport has been warning travellers that the labour disruption could affect some flights. Terms of the latest offer were not released but the company had said it was optimistic the workers would accept the deal. Their concerns have included pay and benefits cuts, scheduling issues, and what their union calls a lack of respect from Swissport managers. "We're dealing with a company that is proposing and doing the same thing over and over expecting different results and that's a slap in the face really to our workers," said Monette. "This lack of respect was evident in the company's first and second offers. They wanted to impose a three-year wage freeze on workers at the top of the wage scale. The problem is that's actually the majority of workers at Swissport." Greedy real estate agents, brokers must face double fines: OREA Continued from page 01 But RECO has to go through a tribunal to act against realtors who violate the code of ethics. In a statement on Wednesday, RECO Registrar Joseph Richer said his body should be given the power to revoke licenses without having to go through a tribunal. He also said RECO will soon launch a new education programme to train people before they join the real estate profession. The new education programme will include "more hands-on experience and more rigorous testing, which will ensure that new entrants to the profession are ready to provide effective services to buyers and sellers on day one,’’ he said. Punjabi man’s last-minute wedding to stop deportation from New Zealand fails Continued from page 01 So this Tuesday, 23- year-old Sukhwinder Singh and his 30-year-old partner Carolyn Macey decided to marry at their home in Christchurch to make his stay in New Zealand legal. But immigration officers gatecrashed their wedding party to serve a deportation order on Sukhwinder, reports New Zealand Herald. Sukwinder said he had gone to pick up Carolyn’s bridesmaid when he got a call from her that two Immigration officials were at their door waiting for him. "These two men in black suits were at the front door, saying, 'We've come to take Sukhwinder away'," Macey was quoted as saying by New Zealand Herald. "I told them, of all the days, we're getting married today,’’ she said. IMMIGRATION TO CANADA WITHIN 6-12 MONTHS WE HAVE CONFIRMED JOB OFFERS FROM CANADIAN EMPLOYERS FOR CONFIRMED EMPLOYMENT WE IMMEDIATELY REQUIRES: Truck Drivers Cooks Diesel Mechanics Auto Mechanics Dairy Farm Worker Construction Workers Air Condition Technician, Restaurant Supervisor & Lots of other positions SUBHASH PUNIA Immigration Counsel WORK PERMITS PROVINCIAL NOMINATIONS PROGRAMS Member of Immigration Consultants of Canada Regulated Council (ICCRC) The Authority Regualted by Citizenship & Immigration Canada ATLANTIC IMMIGRATION LIMITED Tel: 905-362-0202, 905-362-2202 Fax: 905-362-2201 www.atlanticimmigration.com Email: sales@atlanticimmigration.com 2980 Drew Rd, Suite 230, Mississauga, ON, L4T 0A7 The immigration officials allowed the wedding to take place, but told Sukhwinder that he has to leave New Zealand by September 5. Immigration NZ area manager Dave Campbell says Sukhwinder’s visa application was declined "as he did not demonstrate that he met the criteria under partnership policy to be granted a visa". Campbell says, "Mr Singh is currently unlawfully in New Zealand and was given the opportunity to make the appropriate arrangements to leave the country by September 5, 2017 rather than being taken into custody. Mr Singh has agreed to do this and Immigration New Zealand will view his departure ticket on Friday.’’ "We are in shock. What do we do next?’’ Sukhwinder was quoted as saying. Macey says she may leave with Sukhwinder. But she says she doesn’t know what to do about her sixyear-old son. She says she also suffers from asthma. "We just don't know what to do," she has been quoted as saying. Singh became friends with Macey, who has a sixyear-old son Donovan from a previous relationship, on facebook in October 2014. "From there, we started to chat and come to know each other more and he was really nice to me, especially to Donovan," Macey has been quoted as saying by the newspaper. On New Year's Day 2015, Singh and Macey decided to become partners and he started visiting and living at her place. They moved together in January 2016. INVEST CAD $200,000 - 350,000 & IMMIGRATE WITH FAMILY UNDER BUSINESS CLASS IMMIGRATION Visitors in Canada Contact us for information on current immigration streams TIMING Mon- Fri 9:30 am-5:30 pm Sat: Upon Apointment
The International News Weekly CANADA 07 August 25, 2017 | Toronto CIBC expects 'moderation' in new mortgages as new regulations take shape The Canadian Press TORONTO: Soaring home prices have been a boon to the banks' mortgage business, but recent government efforts to cool the housing market could impact lenders if the economy falters, the Canadian Imperial Bank of Commerce said Thursday. While Canada's economy is pumping out jobs and growing at a steady pace, a potential shock could put borrowers at risk of foreclosure — particularly those who have overextended themselves to buy homes, said CIBC chief risk officer Laura Dottori-Attanasio. "If house prices do come off, we need our borrowers to continue to have their jobs to service their loans," Dottori-Attanasio told investors on the bank's thirdquarter conference call. "But in the event we find ourselves taking on assets, we do have — and continue to have — a good buffer as it relates to that loan-tovalue." The prospect of more Canadians missing debt payments has become a hot topic of discussion in the financial sector as Canada heads into an uncertain economic climate next year. Many economists are calling for slower economic growth next year, saying the nearly four per cent pace logged in the first quarter of this year is not sustainable. Moody's Investor Service said in a report earlier this week that mortgage growth is driving record consumer debt levels, which had reached $1.69 of debt for each dollar of disposable income as of March 31. Meanwhile, stricter regulations drafted by the Office of the Superintendent of Financial Institutions (OSFI) last month could also put the brakes on loan portfolio growth by curbing mortgage demand considerably. An imposed "stress test" for all uninsured mortgages would make it harder to qualify. CIBC's chief executive Victor Dodig acknowledged that higher interest rates and regulatory changes would lead to a "moderation" in new mortgages, but reassured analysts that the bank is not concerned about any imminent impact. "We're not expecting a stepwise decline in consumer lending activity," he said. CIBC became the second Canadian bank to boost its quarterly dividend, following the path led by Royal Bank on Wednesday. An increase of three cents puts CIBC's payment at $1.30 per share. The bank posted net income of $1.1 billion $2.60 per common share, which was down from $3.61 per share in the 2016 third quarter when CIBC recorded an unusual gain from the sale of its minority interest in American Century Investments. But net income at its Canadian wealth management arm was down 73 per cent or $370 million from last year, when CIBC recognized a $383-million gain from the ACI transaction. Excluding that gain, wealth management's adjusted net income was $136 million, up 10 per cent. At U.S. commercial banking and wealth management, adjusted earnings was up $19 million at $44 million, mainly due to the acquisition of Private- Bank. SOLE Therapy At Sole Therapy we speak to strenghten the mind, body and spirit for those suffering from chronic illnesses, neurological disorders, or any other challenges standing in the way of good, holistic health. Sole Therapy is equiped to handle a full spectrum of cases from clients dealing with common headaches to more severe conditions such as Parkinson’s, Miller-Dieker Syndrome. Sole Therapy practices CranioSacral Therapy, Foot Reflexology and Nerve Reflexology to help their clients achieve their holistic health goals. Each individual client is treated with a personalized treatment plan that is non-invasive and non-pharmaceutical. Initial Session: 1 Hour Subsequent Sessions- Half Hour - Once a Week/leading to 1/month Call: Harpinder Singh / 647-920-7683 www.soletherapist.com Indo-Canadian billionaire Prem Watsa’s Fairfax sells Singapore insurance business for $1.6 billion Continued from page 01 Canadian insurance companies have targeted Asia for growth as burgeoning middle classes mean increased demand for protections and benefits that insurers offer. "This partnership with MSI its truly a game changer for Fairfax, a real winwin opportunity with a long term like minded-partner," said Prem Watsa, Fairfax chairman and chief executive officer told shareholders on a conference call. Watsa also said the partnership agreement with MSI also gives it a foothold in Japan. The Toronto-based company said the sale of First Capital will net US$900 million of after-tax profit, or US$33 per share. Fairfax will take a 25 per cent quota share, under which the insurer will share a certain percentage of premiums and losses. Fairfax expects its ongoing vested interest in First Capital's existing and future business will see significant returns. "If First Capital writes $100 million worth of business, we'll take a quota share of 25 per cent, which will be $25 million and that $25 million will be going into one of our companies," Watsa explained. "You'll get 25 per cent of the earnings and you'll get 25 per cent of the growth, that made it a very unusual and attractive transaction." Watsa praised the deal, saying First Capital is the "undisputed leader" in Singapore. The company provides home, accident, travel and car insurance, as well as coverage for theft, industrial, civil engineering projects and marine cargo businesses. Fairfax estimates First Capital will grow from $400 million in gross premiums today to over $1 billion over time. First Capital's current CEO Ramaswamy Athappan will continue as head of the insurance provider as well as in his role a chairman of Fairfax Asia. The deal is expected to close late this year or early next year. Fairfax is primarily invested in North American property and casualty insurance businesses but has diversified to other regions and industries. RHINO CONSTRUCTIONS INC. COMMERCIAL & RESIDENTIAL CONSTRUCTION SERVICES PROVIDERS Design & Build, General Contracting Restaurants New Homes Clinics Salons & SPA Stores Warehouses Pharmacies Boutiques Renovations Building Permits & Designs Zulfiqar Ali Hashmi (B. Arch) Licensed & Fully Insured Tel: 647-227-5775 Off: 647-290-3752 Email: rhinoconstructions5@gmail.com www.rhino-constructions.com 10 Gillingham Dr., Suite 310 B, Unit 6, Brampton, ON L6X 5A5
Page 1 and 2: www.luxurylights.ca 905-856-9999 La
Page 3 and 4: The International News Weekly REGIO
Page 5: The International News Weekly REGIO
Page 9 and 10: The International News Weekly INTER
Page 11 and 12: The International News Weekly INDIA
Page 13 and 14: The International News Weekly INDIA
Page 15 and 16: The International News Weekly Augus
Page 17 and 18: The International News Weekly WORLD
Page 19 and 20: www.luxurylights.ca Chandeliers &
Page 21 and 22: The International News Weekly Sport
Page 23 and 24: The International News Weekly Augus

The Canadian Parvasi - Issue 09

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?