CANADA FX DEBT-Canada dollar little changed, focus on Fed speakers
Clearly, child marriage is morally repugnant and a violation of the Universal Declaration of Human Rights, which states that marriage requires free and full consent. But the issue goes well beyond human rights. Child marriage is a major impediment to poverty reduction and economic development. Child brides are almost always forced to drop their schooling and, thereby, become unable to contribute to achieving broader social and economic goals. Enabling girls in developing countries to remain in school longer, on the other hand, would have a positive impact on them as well as the countries they live in. If children, especially girls, remain in school until at least age 15, they not only enhance essential reading and arithmetic knowledge but also learn life skills, including an appreciation of their basic rights and how to assert them. As well, those extra years take them through puberty, a time when many girls in the world first confront forced marriages or are shunted away from the classroom to focus on housework and other chores. Indeed, a girl with some secondary education is less likely to marry too young than a girl with only primary education or less. Eradicating child marriage also has significant health benefits, not only for young brides. The earlier a girl becomes pregnant, the higher the risk of death for both her and her children due to pregnancy and childbirth complications. In developing nations, these complications are the leading cause of death for girls aged 15 to 19. And infant deaths are 50 per cent more likely in these cases . Yet the heinous tradition of child and forced marriage is by no means only a developing world phenomenon. In 2012, as many as 1,485 possible forced marriage cases prompted the attention and resources of the U.K. governments Forced Marriage Unit which has been tasked with combatting the practice of forced marriage within Britain. There are signs this issue has made its mark in Canada as well.
dollar * With few catalysts, investors to parse Fed commentary * Bond prices mixed across the curve By Leah Schnurr TORONTO, Sept 23 (Reuters) – The Canadian dollar was little changed on Monday as investors saw few reasons to place big bets while they mulled the potential path of monetary policy south of the border. An election win for Germany’s Angela Merkel and upbeat economic data from Europe and China failed to elicit much response from the Canadian dollar. “For Canada, it’s just a matter of being stuck in the middle,” said Camilla Sutton, chief currency strategist at Scotiabank. “We’re seeing U.S. dollar weakness against some currencies but all in all, things are pretty quiet as we enter the new week.” The Canadian dollar was at C$1.0284 to the U.S. dollar, or 97.23 U.S. cents, slightly stronger than Friday’s session close of C$1.0299, or 97.10 U.S. cents. Three Fed policymakers are scheduled to speak on Monday, coming on the heels of a round of speeches late last week as investors seek clarity into the central bank’s decision to hold the pace of its economic stimulus steady. Markets had been expecting a small reduction in the $85 billion worth of bonds the Fed is buying each month to prop up the recovery. Among the Fed speakers last week, markets appeared to focus on St. Louis Fed chief James Bullard’s comments that the Fed could still decide to start trimming its stimulus at its next meeting in October if economic data points to a pick up. “Overall there was damage to the communication credibility coming from the Fed last week and on the back of that, markets are likely to look at the accommodation of the data combined with the Fed commentary,” said Sutton. Prices for Canadian government bonds were mixed across the maturity curve, with the two-year bond up 1 Canadian cent to yield 1.223 percent, and the benchmark 10-year bond off 3 Canadian cents to yield 2.696 percent.
Air Canada to Undertake Request for Proposals for Certain U.S. Regional Transborder Routes
Markets close in 4 hrs 57 mins Stock Watch Air Canada to Undertake Request for Proposals for Certain U.S. Regional Transborder Routes Press Release: Air Canada 35 minutes ago 3.31 +0.0400 MONTREAL, Sept. 23, 2013 /PRNewswire/ – Air Canada today announced that it will undertake a Request for Proposal (RFP) process to select a new regional airline to operate certain existing U.S. regional transborder routes, starting in mid-2014. Select Canadian and U.S. regional carriers will be invited to participate in the RFP process and submit their respective pricing and other terms and conditions of carriage. “The launch of a request for proposals is an important next step in our regional airline diversification strategy and ongoing cost transformation program,” said Kevin Howlett, Senior Vice President, Regional Markets. “Over the past two years, Air Canada has made significant changes to its strategy and relationship with its regional partners, now all operating under the Air Canada Express banner. Most recently, we transferred the operation of our Embraer 175 aircraft to a regional carrier whose cost structure is more in line with the U.S. regional carriers, and as low cost operators continue to grow in the rapidly evolving North American regional markets, it is critical for Air Canada to take the necessary steps to ensure its cost structure in these markets is also competitive.” Air Canada currently has capacity purchase agreements with four regional airline partners: Jazz, Sky Regional, Air Georgian and EVAS. Air Canada is Canada’s largest domestic and international airline serving more than 175 destinations on five continents. Canada’s flag carrier is among the 20 largest airlines in the world and in 2012 served close to 35 million customers. Air Canada provides scheduled passenger service directly to60 Canadian cities, 49 destinations in the United States and67 cities in Europe, the Middle East, Asia, Australia, the Caribbean, Mexico and South America. Air Canada is a founding member of Star Alliance, the world’s most comprehensive air transportation network serving 1,328 destinations in195 countries. Air Canada is the only international network carrier in North America to receive a Four-Star ranking according to independent U.K. research firm Skytrax that ranked Air Canada in a worldwide survey of more than 18 million airline passengers as Best Airline in North America in 2013 for the fourth consecutive year. For more information, please visit: www.aircanada.com .