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6 dead in plane crash during sightseeing trip on Quebec’s North Shore

WATCH ABOVE: Quebec provincial police say six people are dead after a seaplane crashed on the province’s North Shore. Global’s Paola Samuel reports.

LES BERGERONNES, Que. – All six people aboard a seaplane that crashed on the province’s North Shore have died, Quebec provincial police said Monday.

The Air Saguenay plane went down in a wooded area on Sunday afternoon, police said, near the community of Les Bergeronnes, about 250 kilometres northeast of Quebec City.

Authorities confirmed Monday all six bodies have been found and were handed over to the coroner’s office.

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Air Saguenay vice-president Jean Tremblay said the Beaver seaplane was taking part in a routine sightseeing flight departing from Lac Long in Tadoussac.

Tremblay told The Canadian Press on Monday the flight was only supposed to last 20 minutes. It wasn’t windy and visibility was clear on Sunday.

“It was perfect conditions,” Tremblay said. “At first glance, the weather conditions are not at all the cause, that is clear.”

He offered his sympathies to families who lost loved ones in the crash – among them, a longtime employee of the company.

Tremblay said the pilot of the aircraft had more than 6,000 hours of flying experience – all with Air Saguenay, where he’d worked for the past 14 years.

“It’s not going so well,” a shaken Tremblay said. “This is not a good day for us. It’s very difficult for the Air Saguenay team.”

Tremblay said the De Havilland DHC-2 Beaver in question had about 25,000 hours of flight time, not unusual for a plane built between 1950 and 1960.

No distress calls were made by the plane before it crashed.

The airline upgraded its security system after another of its seaplanes crashed in bad weather in 2010, killing four of the six people on board.

It describes itself as an airline that provides charters for fishing, hunting and mining exploration.

The Transportation Safety Board sent a team of investigators to the crash site and the provincial police say they are continuing their own investigation to determine if a criminal element caused the crash.

The wreckage was not accessible by road, and was located with the help of parachutists from the Canadian Armed Forces. Air Force personnel also aided in recovery efforts.

Bad weather in the region on Monday caused delays in getting to the crash site.

Authorities published a photo that showed the wreckage of the plane in a wooded area.

©2015The Canadian Press

Many students need budget training: CIBC – National

TORONTO – If past practice is any indication, the majority of post-secondary school students will likely run out of money before the school year ends — and end up turning to the Bank of Mom and Dad for help.

A new poll from CIBC (TSX:CM) has found that 51 per cent of post-secondary students tapped their parents for additional financial support last year because they ran out of money.

And according to the bank, there wasn’t much difference between students from higher- and lower-income families.

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CIBC said some 48 per cent of students from families with household incomes of more than $125,000 tapped their parents for extra cash, compared with 52 per cent from families with household incomes of less than $75,000.

Sarah Widmeyer, managing director and head of Wealth Advisory Services, at the bank, said that even though 86 per cent of parents surveyed considered themselves good role models for financial planning, some students were treating their parents like personal ATMs.

Widmeyer said young people need to understand that their parents may not always be willing or able to dispense extra cash and that being taught basic financial and budgeting skills before they go off to college or university is essential.

“Clearly, being a good financial role model doesn’t mean your children will understand how to manage their own finances,” she said.

“That’s why it is so important to teach them the importance of balancing a budget in their early teens because it’s a much a tougher lesson to learn when they are off living on their own for the first time in their lives.”

The online survey was conducted Aug. 13-17 among 1,001 Canadian parents who are Angus Reid Forum panellists.

The polling industry’s professional body, the Marketing Research and Intelligence Association, says online surveys cannot be assigned a margin of error because they do not randomly sample the population.

Former mayoral candidate Melanie Joly to represent Liberals – Montreal

MONTREAL – A high-profile former Montreal mayoral candidate and friend of Justin Trudeau has won the Liberal nomination in the Montreal-area riding of Ahuntsic-Cartierville.

Melanie Joly, who finished second in Montreal’s 2013 vote for mayor, received the nod in a vote held Sunday.

She was criticized earlier this month after it was discovered she had given a $250 donation to a Conservative Party candidate in 2011.

READ MORE: Potential Liberal star candidate Melanie Joly donated to Tories in 2011

Joly said she made the donation because the candidate was a member of her business circle and maintained she “never had any ties” with the Conservatives.

In June, some of her rivals speculated the party was delaying the nomination date to allow Joly to sign up more members.

Joly will now have to take on Maria Mourani, the former Bloc Québécois MP who is now running for the NDP.

READ MORE: Melanie Joly steps down as party leader

Mourani has represented the riding since 2006.

The Liberals have now nominated candidates in 74 of Quebec’s 78 ridings.

WATCH: Melanie Joly’s platform as a municipal mayoral candidate:

Melanie Joly on mental health

04:25

Melanie Joly on mental health

10:18

Melanie Joly takes questions

06:39

Mayoral candidate Melanie Joly

03:27

Weather forecast by Melanie Joly




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Related

  • Potential Liberal star candidate Melanie Joly donated to Tories in 2011

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    Mayoral candidate Melanie Joly

©2015The Canadian Press

Water woes: The drought beyond California

While the word “drought” is on the lips of Americans as a result of historic dry conditions in California, America’s most populous state is far from being alone. Drought-like conditions are plaguing other parts of the world as well.

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A recent found that this past June and July, Europe experienced its worst drought since 2003. The European Drought Observatory (EDO) found that the countries affected most were France, Belgium, The Netherlands, Luxembourg, Germany, Hungary, the Czech Republic, northern Italy and northern Spain.

The region has seen little rain and record-breaking temperatures.  In Spain, maximum daily temperatures hovered near 30 C for more than a month with little rainfall making for a troublesome combination.

Sao Paulo, Brazil — a city with a population of 44 million people — is experiencing the worst drought in 80 years. In October 2014, its main dam dropped to just 3.3 per cent its capacity, the lowest in its history.

According to Ben Cook, a co-author of a new study published in the journal Geophysical Research Letters, North Korea endured a particularly long drought, though it seems to be coming out of it. West Africa is also experiencing drought conditions leaving millions without access to clean, potable water and the inability to grow crops, he said.

However, “The two big ones right now outside of the U.S. is Europe and Southeast Asia.”

In particular, he notes that Thailand is enduring one of is worst drought in years and is beginning to impact its rice production, a vital staple and economic driver of the country.

Though people may be concerned about California, he said, “I think people really are going to start paying attention [to Thailand].”

Worse still is that with this being a year we could see historic El Nino conditions, it could exacerbate areas that are already delicately balanced on the water scale.

Speaking about the California drought, Cook said, “What it means is that we have to be smarter about the water we do have.”

But the same could be said around the world.

Though many parts of the world are enduring their own form of drought conditions, that’s not to say that the situation in California isn’t dire: As of writing this story, the state’s major reservoirs were only around 40 per cent capacity.

This lack of water is also occurring in the country’s most populous state, affecting more than 37 million people — that’s more than the entire population of Canada. Economically, this drought could cripple the agriculture industry, the main user of the state’s water resources.

A look at California

“I think it’s fair to say it’s because California being California it’s brought attention to climate change and how it can affect us,” said Lowell Stott, Earth Sciences professor at the University of Southern California.

Warming ocean waters interacting with atmospheric variability alter the jet stream which takes most precipitation out of the region. If ocean temperatures continue to rise as a result of increased greenhouse gases, the results will be similar.

WATCH: Why does California’s drought matter for Canadians?

But about 45 per cent of the United States is experiencing drought conditions. Not just California.

READ MORE: Watch – Bill Gates drinks water that was once poop — for a good cause

The state suffered a mega-drought about 1,000 years ago. Stott said that the current drought is concerning, particularly due to its “persistence and length.”

“We may be seeing the beginning of that kind of climate system, in the northern hemisphere, at least.”

Cook agrees. “This is pretty close to the mega-drought.”

“I have concerns that we’re entering a climate system similar to that of 1,000 years ago,” Stott said. “The consequences of that would be catastrophic if it played itself out.”

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Ontario government signs political accord with First Nations Chiefs – Toronto

TORONTO – The Ontario government signed a political accord Monday with the Chiefs of Ontario that Premier Kathleen Wynne said will guide relations between First Nations and the province.

“As we’ve seen time and time again, when this relationship is not respected or when the trust is broken, the consequences are painful and long-lasting,” said Wynne.

The accord signed by Wynne and Ontario Regional Chief Isadore Day in a ceremony at the legislature creates a formal bilateral relationship between the government and First Nations.

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“We’ve taken an important step to renew the relationship between First Nations and Ontario,” she said. “I want to acknowledge that in some cases the relationship has to be built, that it’s not even a matter of rebuilding, but it’s a relationship that has to be built almost from scratch.”

The accord affirms that First Nations have an inherent right to self-government and that the relationship with Ontario is based upon respect for that right, but exactly what that means remained unclear.

“As I understand it, as we have discussions about education or social services or as we talk about economic well-being and resource revenue sharing, we need to define that self-government responsibility within each of those contexts,” said Wynne. “I don’t think that there’s a blanket definition.”

Treaty rights and the right to self-government “really aren’t in question any more,” said Day.

“What’s in question is how do we start to rearrange the relationship with all levels of government to suggest that we have a rightful place at the table, and that we do need to start building those systems so that we can start taking responsibility in our communities.”

Treaties should have some sort of enforcement mechanism just like trade agreements between countries, added Day.

“These are the hard discussions that we’re going to have to have,” he said. “We must create criteria on what that enforcement means.”

The deal also commits the government and First Nations to work together on a range of issues, including resource benefits sharing and jurisdictional matters, and calls for two meetings a year with the premier.

Day called it “the most important collective milestone in modern times,” and said it will help advance First Nations jurisdiction and Treaty rights “on our own terms.”

One of the recommendations from the Truth and Reconciliation Commission was to add details on Treaties, residential schools and First Nations history to Ontario’s education curriculum, which will be done starting with a distribution of Treaty maps to every public school, said Wynne.

“Everybody needs to understand the Treaty promises our ancestors made that have since been broken, as well as our rights and responsibilities as Treaty peoples today.”

The premier said she would also apologize for the “horrors” of the residential schools and the “’60’s scoop” of children from First Nations communities.

“We want to work with First Nations partners to make this apology formal, a full apology for these wrongs that I can deliver this fall on behalf of the government and all Ontarians.”

©2015The Canadian Press

Judge overturns Terrence Howard divorce settlement – National

LOS ANGELES — A judge overturned Terrence Howard’s divorce settlement with his second wife Monday, finding the actor was coerced into signing the settlement by her threats to leak private details.

Superior Court Judge Thomas Trent Lewis’ ruling means Howard and his ex-wife, Michelle Ghent, will now have to renegotiate the financial terms of their divorce.

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“The evidence of extortion or duress was unrebutted,” Lewis said.

Howard contended he signed a 2012 settlement to end his marriage to Ghent out of fear she would leak private details about him, including phone sex recordings with other women and a video of him dancing naked in a bathroom.

READ MORE: In courtroom and witness chair, ‘Empire’ star Terrence Howard is forced to confront his past

The agreement entitled Ghent to a share of Howard’s earnings, which would include a portion of his salary from the hit Fox series Empire, which opens its second season in the fall.

Ghent’s lawyers have said she denied extorting the actor in a deposition and argued he didn’t prove threats she made in 2011 forced him to sign the agreement a year later. She was not allowed to testify at a recent hearing because her attorneys did not file a sworn declaration from her before the proceedings began.

Lewis presided over a four-day hearing that revealed numerous private details about the Oscar-nominated actor, including that he had cheated on Ghent during their engagement, he was physically violent with his first wife, and he has already divorced his third wife.

Lewis also heard a 2011 call in which Ghent berated Howard and threatened to sell private information about him if he didn’t pay her money by the end of the day. Howard’s accountant sent Ghent $40,000 in response to the call, which he called “hush money.”

The actor called it “blood money.” He told Lewis that leaking the information at the time would have ended his acting career.

Ghent has accused Howard of multiple instances of domestic violence and has an active restraining order against the actor.

Howard, 46, has denied he abused Ghent.

The actor was nominated for an Academy Award for his starring role in 2005’s Hustle & Flow.

His career has re-surged since the debut of Empire, a hit series for Fox that had steadily improved ratings each week in its first season. The show’s second season, set to debut on Sept. 23, is highly anticipated.

Work on the show’s second season continues. Howard spent four days in court during a recent hearing, testifying for portions of three of those days. His absence didn’t impact the show’s shooting schedule.

©2015The Associated Press

It’s time to get over your unfounded turkey burger hang-ups – National

It really is time for all of us to get over our hesitation about turkey burgers. I get that people are nervous about turkey burgers being dry and flavourless, but that really isn’t necessary.

Avoiding a dry, tasteless turkey burger — or any type of burger, for that matter — is easy. Start by not overcooking them. Kind of obvious, but true. Get the burgers off the grill as soon as they hit 165 F. And during cooking, never press down on the patties with the spatula. That squeezes out all the delicious juices no matter what meat you are using.

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With turkey burgers, it also helps to use a mix of dark and light ground turkey, which adds a bit more fat and flavour. Ground turkey labeled “93 per cent lean” will have enough dark meat mixed in to keep it moist and delicious. I try to avoid 99 per cent lean ground turkey, which can produce those tasteless burgers we all fear.

You also can add an ingredient or two to the meat to help keep them juicy, plus lend a boost of flavour. Play around with all kinds of ingredients, from ketchup and mayonnaise to shredded apple and sauteed onions. A touch of olive oil doesn’t hurt either, both as a juiciness enhancer and a flavour booster. In my recipe, the oil is used along with barbecue sauce and the mild heat of chipotles in adobo sauce to add both flavour and moisture.

Chipotles packed in adobo sauce usually come in small cans. I used them pureed in this recipe. Just dump the entire can in a food processor or blender, then puree until smooth. Leftovers can be frozen in small amounts (ice cube trays are handy for this) and kept on hand for future recipes.

If you don’t wish to grill them, the burgers can be cooked in a lightly oiled skillet or under the broiler for roughly the same amount of time. There is a sauce that goes along with these burgers, but you are welcome to use plain old mustard or ketchup if you prefer. I wish for world peace, and for more people to like turkey burgers. Today I’ll start with turkey burgers.

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CHIPOTLE BARBECUE TURKEY BURGERS

Start to finish: 20 minutes

Servings: 4

For the sauce:

3 tablespoons mayonnaise1 teaspoon pureed chipotles in adoboKosher salt and ground black pepper

For the burgers:

1 tablespoon olive oil1/4 cup finely chopped scallions1/4 cup barbecue sauce2 tablespoons panko breadcrumbs2 teaspoons pureed chipotles in adobo1 pound 93 per cent lean ground turkeyKosher salt and ground black pepper

To serve:

4 hamburger bunsSliced red onionsSliced tomatoesRomaine lettuce leaves

Heat the grill to medium-high.

To prepare the sauce, in a small bowl mix together the mayonnaise, chipotles and a hefty pinch each of salt and pepper. Set aside.

In a small skillet over medium, heat the olive oil. Add the scallions and saute for about 4 minutes, or until the scallions are softened. Transfer to a large bowl, then add the barbecue sauce, breadcrumbs and pureed chipotles. Stir well, then add the turkey and a generous pinch each of salt and pepper. Using your hands or a spoon, mix well, but try to handle the meat gently. Form the mixture into 4 patties, pressing slightly to create indentations at the centre of each.

Grill the burgers for about 5 minutes on each side, or until they are cooked through and have reached an internal temperature of 165 F.

Place the cooked burgers on the bottom halves of the buns, then top with the sauce and layer on onion, tomato and lettuce.

Nutrition information per serving: 440 calories; 200 calories from fat (45 per cent of total calories); 22 g fat (4.5 g saturated; 0 g trans fats); 90 mg cholesterol; 800 mg sodium; 33 g carbohydrate; 2 g fiber; 10 g sugar; 26 g protein.

___

Katie Workman has written two cookbooks focused on easy, family-friendly cooking, “Dinner Solved!” and “The Mom 100 Cookbook.”

©2015The Canadian Press

‘Straight Outta Compton’ tops box office for second week – National

NEW YORK – Straight Outta Compton easily maintained its box-office lead with an estimated $26.8 million in ticket sales over a sleepy late summer weekend at North American multiplexes, according to studio estimates Sunday.

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Universal’s N.W.A biopic, a much buzzed-about hit, dominated over the late August releases that often characterize Hollywood’s dog days of summer. It has now made $111.5 million in two weeks, and continued to drive moviegoers, both male and female, despite renewed charges of misogyny in N.W.A lyrics and the film overlooking claims of Dr. Dre’s abuse of women.

In a statement Friday, the rapper and producer of Straight Outta Compton said: “I apologize to the women I’ve hurt. I deeply regret what I did and know that it has forever impacted all of our lives.”

READ MORE: Like N.W.A, ‘Straight Outta Compton’ likely to inspire imitations

Of the weekend’s new releases, the low-budget horror sequel Sinister 2 fared best, opening with an estimated $10.6 million for the Blumhouse production – well below the $18 million the 2012 original debuted with. The result was good enough for third place, behind Paramount’s Mission: Impossible – Rogue Nation, which made $11.7 million in its fourth weekend of release.

Fox’s assassin thriller Hitman: Agent 47, the second attempt in eight years to adapt the popular video game, disappointed with $8.2 million. It will hope to do better abroad, where the 2007 original made $60.3 million. It began with $8.5 million over the weekend internationally.

Lionsgate’s stoner action-comedy American Ultra, starring Kristen Stewart and Jesse Eisenberg, also failed to spark much interest, opening with $5.5 million.

The three new releases – all violent, R-rated, poorly reviewed options – divided up a similar audience. The box office was down 7.5 per cent from the same weekend last year, according to box-office data firm Rentrak.

Without a much-anticipated release scheduled over the next two weeks, the lull is likely to continue through Labor Day weekend.

In limited release, Sony Pictures Classics Grandma, a well-reviewed comedy starring Lily Tomlin, opened on four screens with a strong per-screen average of $30,214.

Estimated ticket sales for Friday through Sunday at U.S. and Canadian theatres, according to Rentrak. Where available, the latest international numbers for Friday through Sunday are also included. Final domestic figures will be released Monday:

1. “Straight Outta Compton,” $26.8 million.

2. “Mission: Impossible – Rogue Nation,” $11.7 million ($25.2 million international).

3. “Sinister 2,” $10.6 million.

4. “Hitman: Agent 47,” $8.2 million ($8.5 million international).

5. “Man From U.N.C.L.E.,” $7.4 million ($8 million international).

6. “American Ultra,” $5.5 million ($1 million international).

7. “The Gift,” $4.3 million.

8. “Ant-Man,” $4.1. million ($2.9 million international).

9. “Minions,” $3.7 million ($8.8 million international).

10. “Fantastic Four,” $3.7 million ($16.2 million international).

Estimated ticket sales for Friday through Sunday at international theatres (excluding the U.S. and Canada), according to Rentrak:

1. “Terminator Genisys,” $27.4 million.

2. “Mission: Impossible – Rogue Nation,” $25.2 million.

3. “Bride Wars,” $23.6 million.

4. “Fantastic Four,” $16.2 million.

5. “Go Away Mr. Tumor,” $13 million.

6. “Inside Out,” $10.7 million.

7. “Veteran,” $10.5 million.

8. “Minions,” $8.8 million.

9. “Hitman: Agent 47,” $8.5 million.

10. “Man From U.N.C.L.E.,” $8 million.

©2015The Associated Press

Stephen Curry’s daughter delighted by Lethbridge company’s playhouse

LETHBRIDGE, Alta. – The daughter of 2015 NBA MVP Stephen Curry is the latest to be charmed by a Lethbridge-based company that makes custom playhouses, tree houses and dog houses.

Charmed Playhouses said they caught the attention of Riley’s parents when they designed a custom Golden State Warriors playhouse two months ago, as seen in the gallery below:

Charmed Playhouses said they caught the attention of the Curry family when they designed this custom Golden State Warriors playhouse.

Charmed Playhouses

Charmed Playhouses said they caught the attention of the Curry family when they designed this custom Golden State Warriors playhouse.

Charmed Playhouses

Charmed Playhouses said they caught the attention of the Curry family when they designed this custom Golden State Warriors playhouse.

Charmed Playhouses

READ MORE: Stephen Curry’s daughter steals the spotlight during news conference

The new playhouse for Riley will match their Spanish-style home and tie in her love of horses. There’s also a dog house attached.

The company shared the video of Riley’s reaction on their Instagram account (watch below) and has since been featured on the Washington Post, U.S.A. Today, and Sports Blog Nation.

View this post on Instagram

These are the reactions we strive for. Thanks @ayeshacurry and @stephencurry30 for your hospitality. #playhousefun #custom #charmedplayhouses #rileycurry #bespoke #goldenstate @visbeenarchitects #littlelightsofmine

A post shared by Charmed Family (@charmedplayhouses) on Aug 21, 2015 at 1:48pm PDT

The company is currently in Los Angeles ironing out design details for Riley’s new playhouse with the Curry family.

With files from Erika Tucker

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Federal election campaign sign rules differ depending on where you live – Toronto

WATCH ABOVE: Candidates Adam Vaughan and Olivia Chow spend most of their time canvassing voters in condo and apartment buildings in the downtown Toronto riding of Spadina-Fort York. Mark McAllister reports.

TORONTO — Federal election signs have started popping up throughout Toronto, but candidates and supporters need to be careful.

The rules for where signs can be placed depend on the property that they’re being put.

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Elections Canada has set regulations that apply to private property as well as public spaces. Toronto has a Municipal Code that offers rules for federal elections as well.

READ MORE: Anne Lagacé Dowson to run against Justin Trudeau in Papineau riding

Signs on private property have to be posted with the consent of the owner or occupant of the property. They’re also not supposed to interfere with vehicular traffic or pedestrians.

Public property is generally off limits for election signs except along roadways with conditions.

Among the rules: signs are not allowed to be placed between the curb and sidewalk, within 15 metres of an intersection or crosswalk and consent from the owner of the property next to the sign is needed.

READ MORE: On election trail, Harper defends chief of staff Ray Novak by name

There are differences in the rules for election signs in apartment buildings and condos.

Tenants are allowed to put up election signs on the premises they lease in an apartment building without property owners interfering.

Condo corporations also don’t have the right to keep owners from erecting signs on the units they own.

Conditions can be set by property owners and condominium corporations on the size of the sign though and prohibit them in common areas.

Signs can be removed if they don’t follow provincial or municipal laws, after the person who authorized the posting is informed.

Glass Tiger vocalist Alan Frew posts on social media that he suffered stroke

TORONTO – The vocalist of the Canadian rock band Glass Tiger has suffered a stroke, according to his Instagram account.

Award-winning singer-songwriter Alan Frew, 58, writes that he had the stroke on Thursday.

Frew, who also plays guitar, writes that he doesn’t have brain damage but has damaged the right side of his body, including his dominant hand.

View this post on Instagram

This my friends is one of the toughest stories I have ever had to write not only because I am right- handed and I am typing to you with my left but because what I am going to tell you is very difficult for me but I want you to hear it from me directly and not from the rumour mill. On Thursday I suffered a stroke. That’s right. A clot in my brain. This will now be the fight of my life. I am alive, obviously , and have all my brain power. I have suffered right-sided trauma but I am fighting the Warrior’s fight already. I AM A WARRIOR make no mistake about that and I WILL release the beautiful CD I have worked so hard on and I WILL perform it live for you ASAP ….this I promise you. Those of you who pray by all means do so and those of you like me who don’t send me your energy and I will use it all to return to you as soon as I can. Stroke is NOT an age disease be you 15, 25, or 55. Stroke is a human condition . I am lucky and I will treasure that . I will see you all soon enough when I PERISCOPE one day and I WILL sing for you again, fear not. You guys are a major part of my journey back. Peace & Love Alan

A post shared by Alan Frew (@alan_frew) on Aug 22, 2015 at 3:05pm PDT

He writes that he is “fighting the warrior’s fight” and promises his fans that he will release his latest CD and perform live as soon as he can.

Glass Tiger was discovered in Newmarket, Ont., in 1984 and went on to produce many hit singles including “Don’t Forget Me (When I’m Gone)” and “Someday.”

More recently, Frew wrote the 2010 Olympic broadcast theme “I Believe” and the Toronto Maple Leafs theme “Free to Be (This is Canada’s Song).”

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©2015The Canadian Press

5 reasons why the market meltdown matters to all Canadians

WATCH ABOVE: Gary Bobrovitz takes a look at the damage and some advice you should do or not do with the tumble in the markets.

A stock rout that first began with China’s overheated market this summer spread Monday to create deep fissures in others, including the Toronto Stock Exchange, as investors fret that a long period of gains is ending and dicier times may lie ahead.

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  • Here’s why gas prices are climbing in Canada while oil plummets

  • Loonie slides toward 76 cents US as markets falter

READ MORE: TSX plunges at bell as North American stocks join global rout

This isn’t just a problem for stock market types to pay attention to. There’s reason for concern among those who don’t actively invest or have any interest in stocks. Here’s five reasons why the current meltdown matters to all Canadians:

Global slowdown

What happens in China matters, and not just because it is the world’s second-biggest economy after the United States. Falling demand among Chinese manufacturers, exporters (and Chinese consumers who’ve lost savings amid a stock market collapse) has sent prices plunging for all manner of commodities — iron, copper, oil. That has walloped countries that export them, like Canada. The knock-on effect is slowing growth among several countries in a self-reinforcing economic slide that could get worse before it gets better.

Commodity bust

As a major producer of not just oil but scores of other commodities that feed industries all over the globe, any pressure on international growth exerts an outsized effect on Canadians, many of whom have jobs directly or indirectly tied to commodity extraction and processing.

There’s been a steady drumbeat of layoff notices from oil patch firms as crude has slid this year. Similar announcements could soon be forthcoming from other big resource companies outside the oil industry.

READ MORE: Here’s why gas prices are rising in Canada as oil plummets

Local recession

And if economic conditions continue to deteriorate in China and elsewhere, the current debate about whether or not Canada has entered a technical recession this year may be over, and in its place the debate about how to pull the country out of a downturn.

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Sinking loonie

The rout of commodity prices – oil fell further below $40/barrel (U.S.) on Monday — and threat of slowing global growth is sending the Canadian dollar to fresh lows. The loonie fell on Monday nearly half a U.S. cent to about 75.5 cents US. Experts suggest the Canadian dollar is poised for a long period at current levels, something that darkening macroeconomic forces will reinforce. A lower loonie lifts costs for any consumer good that’s imported into the country, which is to say, much of the goods households buy every day, from clothing to food.

Rising rates

One bright spot amid the gloomy outlook – and it’s a big one – is the U.S. economy, which continues to gather steam. U.S. employers have been on a hiring spree, and that has helped push the unemployment rate to a low 5.3 per cent, while many indicators are pointing to sustained growth.

The U.S. Federal Reserve, which plays a central role in establishing borrowing rates, has been signalling that the it could start raising interest rates to keep inflation in check, perhaps as soon as next month. Even a steep stock market correction may not be enough to deter a hike, some suggest.

“A 10 per cent cumulative sell off in the Dow is hard to view as enough to derail hike plans,” economists at Scotiabank said.

If the Fed stays the course and begins raising interest rates on U.S. consumers in the United States, that will pressure rates in Canada, experts say, a process that could stress the ability among some to pay back record debt loads as well as pressure what many believe to be an overheated housing market.

5 trendy must-have looks for back to school – Montreal

MONTREAL – As much as it scares us, winter is coming – but before the cold hits, we get one last chance to bask in the beauty of warmer weather and glorious fall colours.

So, we might as well look good as the temperature drops.

Here are five fashion trends to look out for this fall, no matter if your destination is a fall festival or a busy classroom:

Backpacks

Who said backpacks are only for school kids?

Tilzer

ALDO

Scuba backpack

ASOS

Pebbled faux leather backpack

Forever 21

Shevron textured faux leather backpack

Forever 21

Soft checks/Grid pattern

This pattern gives a sophisticated polish to traditional plaid.

ASOS French beige skirt and jacket

The Chriselle Factor / Calvin Lim

Soft check scarf

ZARA

ASOS Jersey peg trousers in grid check

ASOS

Poncho

Not to be confused with the “blanket-scarf.”

BCBGeneration poncho in tartan plaid

ASOS

Multicolor sunset hooded ruana

Free People

Babaton archie poncho in cardamon/sphinx

Aritzia

Community tyana poncho

Aritzia

Maxi vest

Maxi vests are the perfect option for layering in the fall without hiding your entire outfit.

Zara cape

Brooklyn Blonde/Keith Hodne

Joa chic plaid vest in charcoal

NecessaryClothing

Zara long waistcoat

ZARA

Chunky wooden heel

The chunky wooden heel is a summer trend that can easily be carried over into the next season as boots.

BIBEL tall boots

ALDO

Chinese Laundry Kristin Cavallari largo heeled sandal

Chinese Laundry

ASOS EACH AND EVERYONE wide fit leather ankle boots

ASOS


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