Newspaper article The Canadian Press

The Wednesday News Briefing: An At-a-Glance Survey of Some Top Stories

Newspaper article The Canadian Press

The Wednesday News Briefing: An At-a-Glance Survey of Some Top Stories

Article excerpt

The Wednesday briefing: Top news at-a-glance

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Highlights from the news file for Wednesday, Sept. 7

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BANK OF CANADA RAISES ECONOMY CONCERNS: The Bank of Canada struck a note of caution Wednesday as it held its key interest rate target steady at 0.5 per cent. And the central bank raised concerns about the state of the economy after the export sector disappointed earlier this year. The bank says inflation is roughly in line with its expectations, with total inflation below the two per cent target and measures of core inflation around two per cent. Bank of Montreal chief economist Doug Porter says the Bank of Canada has "zero appetite for rate hikes."

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SUBMARINE FLEET ON THE BRINK: The navy's four submarines will start sinking below the waves for good in 2022, Defence Department documents show, unless the federal government opts to spend billions to upgrade the ships. Navy officials have previously described the submarines as essential and said a decision needs to be made soon to start work on the life extension. A decision will likely need to be made soon to start the upgrades, which are forecast to cost between $1.5 billion and $3 billion.

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LEITCH CALLS FOR SCREENING OF VISITORS: Conservative leadership candidate Kellie Leitch is expanding her proposal to have the federal government screen potential immigrants and refugees for anti-Canadian values to include visitors. The sheer volume applications for visas and electronic travel authorizations, which are required by those who want to travel to Canada from dozens of countries, in addition to the amorphous qualities of Canadian values themselves, raises questions about the workability of such an idea. But it's bound to be a hot topic at the Conservative caucus retreat in Halifax next week.

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TWO DEAD IN FISHING BOAT SINKING: The bodies of two fishermen were recovered from waters off eastern Newfoundland Wednesday as crews continued a grim search from the air and sea for two more men who were on board the boat. Their fishing boat was reported overturned Tuesday night as it returned to St. John's Harbour. Maj. Rhonda Stevens, the officer in charge at the Joint Rescue Co-ordination Centre in Halifax, says the missing fishermen could have survived because conditions are good, and that the search area has been expanded.

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TV PROVIDERS DEFEND BASIC PACKAGES: The big four TV service providers are defending how they rolled out new, trimmed down TV packages earlier this year, denying in hearings Wednesday that they were being "paternalist" with customers by placing restrictions on the cheapest of their offerings. CRTC chairman Jean Pierre Blais opened the hearing by saying many Canadians are clearly dissatisfied with how the new package choices were implemented. Officials with Videotron say their new basic service packages conform with both the spirit and letter of the C-R-T-C's requirements that came into effect in March. …

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