Lawyer Christine Mohr also says the court has no power to review decisions made by the advisory council about whether honours should be granted. The decisions are based on social, moral and political concerns, and thus have no bearing on legal rights, she wrote. No one has a right or entitlement to an honour, Mohr told court Tuesday. The council was not obliged to wait 10 months for Drabinsky to get out of prison, she added. Koch argued Tuesday that no appeal process of the decision is provided for by the council. The position of the council seems to be that the Governor General, in signing the termination order, has done something magic that cannot be undone, he said. The review of Drabinsky’s Order of Canada was prompted by a letter from a member of the public which said the Livent fraud undermined the order. A criminal conviction does not mean automatic removal from the order. Drabinsky is only the fifth person to lose the honour and noted in his letter to the advisory council that disgraced Olympian Ben Johnson continues to be a member of the order. Fellow high profile fraud convict Conrad Black has also been stripped of his Order of Canada and has had his request for an oral hearing to argue his case to the advisory council denied by a federal court. Drabinsky, called to the bar in 1975, has agreed not to practice.
BOC’s Schembri: Canada Making Progress in Financial Reform
You must enter the verification code below to send. Invalid entry: Please type the verification code again. September 24, 2013, 1:14 p.m. ET BOC’s Schembri: Canada Making Progress in Financial Reform Text By Don Curren TORONTO–Canada has made progress in addressing the “too-big-to-fail” issue and reforming other aspects of its financial system regulation in accordance with the global-reform agenda of the Financial Stability Board, Bank of Canada Deputy Governor Lawrence Schembri said in a speech Tuesday. “Countries such as Canada, with open financial markets and internationally active financial institutions, especially benefit from the work of the FSB,” Mr. Schembri said in a speech in Ottawa on the topic “Born of Necessity and Built to Succeed: Why Canada and the World Need the Financial Stability Board.” It was Mr. Schembri’s first speech since joining the Bank of Canada’s Governing Council in February. The speech did not address Canada’s economic or monetary policy outlook. Mr. Schembri noted that the Office of the Superintendent of Financial Institutions recently designated Canada’s six largest banks as domestic systemically important banks and required that they hold 1% more capital and be more closely supervised than other financial institutions. Canada has also taken steps to implement commitments made by member countries of the G-20 group of advanced and emerging economies for the regulation of over-the-counter derivatives, Mr. Schembri said. “Market-based finance is generally viewed as less vulnerable in Canada than in other jurisdictions, and the Bank of Canada and our partner agencies want to keep it that way,” he said.
Martin MacMahon: Canada snubbed from FIFA video game once again
retailers such as Target Corp and Wal-Mart Stores Inc . Chief Operating Officer Douglas Campbell will become CEO with immediate effect, Sears Canada said, adding that McDonald is joining an international company it did not identify. The Globe and Mail newspaper, citing sources familiar with the situation, said McDonald’s departure was sparked by differing views with U.S. parent Sears Holdings, controlled by investor Edward Lampert. The disagreement was tied to “the pace at which capital was being deployed to keep the momentum of the transformation going,” the newspaper quoted the source as saying. Vincent Power, Sears Canada’s director of corporate communications, declined to comment directly on the reports. “I do not know of those differences…I say it is just speculation, it is nothing I comment on because it’s not facts that I am aware of,” Power told Reuters. Sears Canada, 51 percent owned by Sears Holdings Corp , announced a three-year plan in 2012 to reclaim lost market share that included making radical changes to its pricing strategies and sprucing up stores. The company posted its 18th quarterly fall in revenue in the second quarter. Sears Canada also closed two high-profile stores in the Toronto area and sold back the leases earlier this year. McDonald told Reuters in January that he was not entirely happy with the company’s progress in the 19 months since he took the top job. Power said he did not have the details on the company McDonald was joining, but it was an “exciting opportunity.” Campbell joined Sears Canada in March 2011 from Boston Consulting Group, where he led turnaround projects and was named COO last November.
The story only gets more puzzling when one finds out the game is primarily a product of EA Sports’ Burnaby, British Columbia, location, presumably primarily staffed by Canadian game designers. A spokesperson from the company sent this e-mail to Goal when asked for further details on Canada’s continued exclusion from the game: [U]nfortunately Canada is not in the game. The FIFA team would love to be able to include every club, league and tournament on earth but sometimes thats not possible. Licensing teams and leagues is a business decision based on market size and limited resources. Including Canada is something we would certainly look at in the future. The company did not reply by deadline to an e-mail requesting clarification on what specific barriers blocked Canada’s inclusion. Specifically, did the Canadian Soccer Association hold out for too much money, or did the association not want involvement in the game at all for some reason? Perhaps it’s a world ranking issue, or perhaps the fact that Canada hasn’t competed in the World Cup in nearly three decades means they haven’t earned the nod. If any of this information was provided as the reason for this nation’s exclusion from the game, while still a bit irritating for those who want to represent the red and white virtually, at least we would know the thinking behind the snub. This article isn’t meant to be an attack on EA Sports or its FIFA franchise, which consistently deliver excellent products which entertain and seem to improve year on year. But as a company with a significant Canadian presence, it can play a role in helping grow the game in this country. As stupid as it sounds, when kids play a game and are forced to represent another country rather than Canada when playing internationally, it could loosen their feeling of attachment to the national team. Video games, for better or worse, are a big part of children’s lives. For anyone who follows the trials and tribulations of the national program trying to convince elite players with mixed loyalties and multiple international options to play for Canada, quite frankly this country needs every edge it can get. And besides, who wouldn’t want to relive some of Canada’s recent glorious matches in recent times? Imagine lining up your favoured eleven men and taking on Honduras in San Pedro Sula, while virtually re-enacting that 8-1 defeat.