Home Capital Group Inc. has terminated its president and CEO Martin K. Reid, effective immediately. Smith, chair of the board of directors, said in a statement Monday that the Toronto-based mortgage lender requires leadership that can bring a renewed operational discipline, emphasis on risk management and controls, and focus on improving performance. The announcement comes two weeks after the company said it had received an enforcement notice from the Ontario Securities Commission relating to its disclosure that some loan applications had been falsified. Reid, who was appointed CEO just over a year ago, has also been removed from the board of directors of the company's subsidiaries, including Home Trust. Then, a member of Home Capital's board of directors, will serve as interim leader while the company searches for a new full-time replacement.
“The Liberal government will announce legislation next month that will legalize marijuana in Canada by July 1, 2018,” CBC reported Sunday. Ottawa plans to introduce marijuana legalization legislation in mid-April, fulfilling the Liberals’ promise to do so this spring. That will be enough time to enact legalization by Canada Day 2018, CBC reported Sunday night. And they should be considering what to do if legalization doesn’t happen, as well. That’s a lesson for Canadian jurisdictions to learn if the Liberals legalize marijuana: the private sector can handle it.
The big news out of the World Chess Federation meeting in Athens was the resignation Sunday of longtime, controversial president, Kirsan Ilyumzhinov. A day after the reports of his resignation, Ilyumzhinov denied the federation’s claim that he had stepped down and accused the U.S. of trying to engineer his ouster. In a statement on its website, the federation said Ilyumzhinov had submitted his resignation on March 26. I believe the Americans are behind this escapade and it looks like a set-up.”The 54-year-old businessman and onetime Russian politician has long been a divisive figure in the chess world. Sanctions prevented him from attending the Nov. 2016 World Chess Championship in New York City, won by Norway’s Magnus Carlsen.
Three men have been released from hospital following a near-fatal overdose with what police believe may have been cocaine laced with fentanyl. Waterloo Regional Police and emergency medical services received the call on Saturday around 6 p.m. Fentanyl has become a major concern in Waterloo region in the past year. It's because of its strength that drug dealers will try to dilute it and cut it with drugs like cocaine, heroin and oxycodone. Police cannot confirm the cocaine was laced with fentanyl until Health Canada confirms it through testing.
TORONTO — A Muslim relief group allegedly linked to Hamas has launched a legal challenge in Federal Court in an attempt to be taken off the Canadian government’s list of “terrorist entities.”The International Relief Fund for the Afflicted and Needy Canada has asked to be removed from the terrorist list and also wants the entire listing process struck down as unconstitutional. This is the second time the Mississauga, Ont.-based group has gone to court in the hope of being de-listed. Fifty-three factions — including al-Qaida, ISIL and Hezbollah — are currently on Canada’s list of designated terrorist groups, which effectively makes them illegal organizations. Two years later IRFAN-Canada was added to the federal list of terror groups. Hamas is a Palestinian militant group that controls the Gaza Strip and has killed hundreds of Israelis in suicide bombings.
Senator Lynn Beyak says she doesn't need any more education about the horrors of the residential school system because she "suffered" alongside Indigenous people who were sent to the institutions. The commission, which conducted an exhaustive six-year study of the residential school system, found physical, mental and sexual abuse was rampant, and some 6,000 children died while in care because of malnourishment or disease. In her March 7 speech, Beyak said teachers and administrators at the residential schools were "well-intentioned" and they "didn't mean to hurt anybody." "Mistakes were made at residential schools — in many instances, horrible mistakes that overshadowed some good things that also happened at those schools," she said. "There were many people who came from residential schools with good training and good language skills, and, of course, there were the atrocities as well."
An anti-racism rally took an ugly turn Sunday when police were forced to intervene after members from the group Soldiers of Odin disrupted the event. The smoke bomb was eventually kicked away from the crowd says Vancouver East MP Jenny Kwan. (Gabriel Yiu)Earlier in the rally one of the SOO members dropped a smoke bomb, according to Vancouver East MP Jenny Kwan, who was speaking at the time. The smoke bomb was eventually kicked away from the crowd, according to Kwan, and the rally continued. Kwan provided photos of the smoke bomb to CBC News but Const.
Alberta Premier Rachel Notley and Saskatchewan Premier Brad Wall continue to take jabs at one another over their provincial budgets. Notley was asked Monday whether there is anything in the Saskatchewan budget that she would never do and her response was: "Almost everything." She used Wall's cuts to post-secondary education as an example of short-term thinking that will pinch off economic growth. On the weekend, Wall took to Twitter to say he wasn't about to take budgeting advice from Notley and the Alberta NDP. Notley says she's talking about the Saskatchewan budget because she believes the opposition parties in Alberta are fans of Wall and she wants Albertans to see what Wall's budget is all about.
are heartbroken after learning their dog was stolen from the yard and dragged behind a truck until it died on the weekend. Her parents, who earlier spotted a truck parked near their yard, believe the dog was taken sometime Friday evening. Rusty was a trusting, friendly dog, said Wiebe, who would do anything for a good belly scratch. (courtesy Hilda Wiebe)RCMP said they are investigating the incident but cannot confirm the dog was dragged behind a vehicle. If RCMP are unable to discover who killed her dog, Wiebe said she will create a reward for tips about what happened.
I’m guessing almost nobody wants to read another column about Andrew Potter’s misadventures with McGill University. I wasn’t keen on writing one — not so far into the controversy over Potter’s possibly-coerced resignation as director of McGill’s Institute for the Study of Canada. The rush by scholars and writers to defend academic freedom at McGill is obviously self-serving, and this fracas is getting extra column-inches because Potter is one of our own, a former newspaperman. Potter made his case by lining up facts and statistics, columnist-fashion, about disparate social phenomena in Quebec. RelatedThis mess is not, in Fortier’s view, a question of scholarly standards or academic freedom.
NFL owners approved the Oakland Raiders' move to Las Vegas at the league meetings on Monday. The vote was a foregone conclusion after the league and Raiders were not satisfied with Oakland's proposals for a new stadium, and Las Vegas stepped up with $750 million in public money. The Raiders likely will play two or three more years in the Bay Area before their $1.7 billion stadium near the Las Vegas strip is ready. Las Vegas, long taboo to the NFL because of its legalized gambling, also is getting an NHL team this fall, the Golden Knights. "Today will forever change the landscape of Las Vegas and UNLV football," said Steve Sisolak, chairman of the Clark County Commission and a former member of a panel appointed by the Nevada Gov.
A new horse racing track in Leduc County has received approval from the Alberta Liquor and Gaming Commission. The $50-million Century Mile Entertainment Centre will have a track, grandstand, slot machines, off-track betting and food and beverage outlets. Paul Ryneveld, general manager of the Century Downs track near Calgary also operated by Century Casinos which will operate the new Edmonton track, said construction is expected to start this spring, with an opening in late summer 2018. The project, which will have a one-mile track, was approved by Horse Racing Alberta last year. The track at Edmonton Northlands will close as soon as Century Mile starts operations.
Evenings and Weekends: Five Years in Hamilton Music, 2006–2011By Andrew BaulcombJames Street North Books264 pp; $20If there were a sound that captured the Toronto music scene, it would be people leaving, shuffling along an often westbound highway toward cities like Hamilton, where the living is cheaper. Certainly in my own circles, the announcement of yet another friend’s participation in the Hamilton exodus is no surprise. Readers of Andrew Baulcomb’s Evenings & Weekends: Five Years in Hamilton Music, 2006-2011 may not find the exact answer. An account of the rock scene’s growth spurt in the city, the book, while celebratory, does little to explain why it all happened there, when it did. There are too few local music critics who stay in their scene and promote it to the rest of the world: Baulcomb is one.
At Queen's Park on Monday, cabinet ministers were peppered with questions from reporters about the pot sales regime in Ontario, but offered nothing definitive. "All those policy options are on the table," said Attorney General Yasir Naqvi, when asked about age limits and sales locations. The government is doing "very detailed analysis of all policy options," said Naqvi, with an emphasis on protecting youth, public health, road safety, and harm reduction. Premier Kathleen Wynne has indicated she thinks selling marijuana through the LCBO's distribution network "makes a lot of sense." But a federal task force has recommended against selling marijuana in the same location as alcohol.
Federal government ministers are keeping mum on the details of the Liberal's marijuana legalization plan, as provinces consider the legislative and regulatory burden that will fall to them when pot is legalized. Health Minister Jane Philpott said the goals of legalization are keeping children safe and keeping the profits of marijuana sales out of the hands of criminals. Philpott said the legalization would not amount to an endorsement of marijuana as "advisable or recommended." But the provinces will have the right to decide how the marijuana is distributed and sold. Philpott said the federal legislation would provide more details on the role of the provinces when it's tabled this spring.