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Cop Cars Burned, 40 Arrested At Canada Fracking Protest

Canada’s oil and gas regulator investigates a leak in a TransCanada pipeline

Those efforts have not been successful. Tensions were rising, and serious criminal acts are being committed,” Constable Jullie Rogers-Marsh of the New Brunswick RCMP said in a news release . But native leaders said police provoked the confrontation by arriving with guns drawn. “It is really very volatile. It’s a head-to-head between the people and the RCMP right now and the warriors are in the middle surrounded by the RCMP and then the RCMP are surrounded by the people,” said Susan Levi-Peters, a former Elsipogtog First Nation chief, who has been an intermediary during the dispute. Melina Augustine, who was arrested for obstruction, described to CTV News Atlantic what happened. “It just got wild and they all tackled us down,” she said, adding that her 67-year-old mother was among those subdued. “They were shooting. I don’t know what they were shooting, I wasn’t looking,” Augustine said. Rober Levi, a tribal councillor, told The Canadian Press that chief Sock “was manhandled a little bit and all hell broke loose.” He said protesters would remain, despite the injunction. “This is what our people have been fighting for,” he said. Global News has more video from Thursday’s clash.

National Energy Board spokeswoman Rebecca Taylor said Thursday that the TransCanada had a rupture on its NOVA gas transmission line. She says the pipeline has been shut down. More business news In Europe, a lingering crisis gets new attention Howard Schneider The ECB will be looking hard at whos healthy and whos not as it takes over supervision of the regions banks. More business news TransCanada spokesman Shawn Howard says no public safety threat was expected. He says the line carries sweet gas, which is low in poisonous hydrogen sulfide. Canadian Prime Minister Stephen Harper has been pushing for U.S. State Department approval of the Keystone XL pipeline. That pipeline would carry oil from Canadas tar sands to the U.S. Gulf Coast. Environmental groups oppose the pipeline saying it would carry dirty oil that contributes to global warming. They also worry about a spill. Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Housing is going to cool, a soft landing still seems to be unfolding, he said. Finance Minister Jim Flaherty has tightened lending rules and sought greater control over the countrys housing agency on concerns about overbuilding of condos in Toronto and Vancouver . While Flaherty has said in recent months that his moves should be enough to prevent a bubble, existing home sales have risen for seven straight months and housing starts increased 5.3 percent in September, led by condos. Risks remain in the housing market even after the tighter regulations, according to others on the panel including Eric Lascelles , chief economist at RBC Global Asset Management. There is clearly quite an excess on the condo side across the country but with obvious relevance to Toronto for new construction, he said. It points to particular weakness in that area, but not of a systemic variety. Canadas ratio of debt to disposable income reached a record 163.4 percent in the second quarter. Recent gains in the housing market have been driven by consumers spooked by signs mortgage rates would rise and diminish the potential for future growth, said Derek Holt , vice president of economics at Bank of Nova Scotia. (BNS) Lofty Premiums We are still at very lofty premiums, record high 70 percent home ownership rate, record high debt-to-income ratio, record high renovation spending, Holt said. I dont think we will go down the U.S. path because our mortgage market is fundamentally different, he said of the housing market. Its a moderating period, and its part of that not-terrible-but-Canada-underperformance story compared to the U.S. Holt said the Bank of Canada , which has kept its policy interest rate at 1 percent since September 2010 to boost demand, may stay on hold until at least late in 2015. Governor Stephen Poloz is counting on a shift in demand to business investment and exports from debt-fueled consumer spending . At a Sept.

Canada Tennis Player, Coach Rene Simpson, 47, Dies

She was 47. Tennis Canada said she died Thursday in Chicago after a yearlong battle with brain cancer. Simpson made her first Grand Slam appearance at the 1989 Australian Open. She reached a career-high ranking of No. 70 that year and advanced to the third round at the French Open. In doubles, she was ranked as high as No. 32, won three titles and was a U.S. Open quarterfinalist. She won three singles tournaments and four doubles titles on the lower-tier ITF circuit. Simpson was a regular on Canada’s Fed Cup team in the 1990s and was captain from 2001 to ’09. Private memorial services will be held in Chicago and Toronto. Join the Discussion You are using an outdated version of Internet Explorer. Please click here to upgrade your browser in order to comment.