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UAE and Canada set up business council

The Standard & Poors/TSX Composite Index (SPTSX) fell 8.44 points, or 0.1 percent, to 12,839 at 4 p.m. in Toronto. The index has gained 3.3 percent this year for the third-worst performance among developed markets, ahead of only Hong Kong and Singapore . Trading volume was in line with the 30-day average today. There was a lot of buying yesterday that was jumping the gun, Bob Decker , a fund manager with Aurion Capital Management, said in a phone interview from Toronto. His firm manages about C$6 billion ($5.81 billion). The obvious linkage is whats happening in Washington isnt friendly to the economic outlook. U.S. President Barack Obama summoned the top four leaders of Congress to the White House today for talks on re-opening the government and raising the debt ceiling. The U.S. government began shuttering some operations yesterday because of a budget stalemate. Congress now faces a dispute over raising the $16.7 trillion debt ceiling this month. The Treasury has said measures to avoid exceeding the borrowing limit will be exhausted on Oct. 17.

Since the program began in 1995, 827 Scouts have been enrolled in the scholarship program. Additionally, proceeds from the fundraiser go back to local Scouting to help pay for items and activities which enhance the Scouting experience, such as camping equipment and national and international trips. “We are grateful for the Canadians from coast to coast to coast that have supported Scouts Canada through Scout Popcorn ,” said Andrew Price, Chief Commissioner and Chairman of the Board of Governors for Scouts Canada . “Their support of the program goes a long way in helping us enhance local Scouting programs and provide children and youth opportunities to benefit their future.” About Scout Popcorn Since its inception in 1989, Scout Popcorn has generated more than $100 million in sales with sixty percent of the funds going back to support local Scouting activities. In 2012, the national campaign achieved $9.65 million in sales. Working with long-time partner, Trail’s End, Scout Popcorn includes a variety of popcorn flavours and packaging including four new items for 2013: Bacon Ranch, Dark & White Chocolatey Drizzle, Sour Cream & Onion, and Cheddar Cheese and Jalapeno Pepper. Products are available with 0g of trans fat and all products are certified Kosher. For the complete list of products visit: scoutpopcorn.ca . About Scouts Canada Kids in Scouts have fun adventures discovering new things and experiences they wouldn’t discover elsewhere. Along the way, they develop into capable, confident and well-rounded individuals, better prepared for success in the world. For tens of thousands of children and youth across Canada, Scouts is the start of something great. Scouts Canada is the country’s leading co-ed youth organization with more than 100,000 members nationwide.

Scouts Canada Children and Youth Cultivate Business Skills, Earn Scholarships

Sultan Bin Saeed Al Mansouri, the UAE Minister of Economy, and Ed Fast, Canadian Minister of International Trade, jointly launched the Canada-United Arab Emirates Business Council (CUBC) and its first meeting hosted in Montreal. The business council is said to form a pillar of the Canada-UAE Strategic Agenda announced earlier this year. The two countries are looking to re-energise their relationship, which was soured over landing rights in 2010. Our governments top priority is the economy and creating jobs, growth, and long-term prosperity for hard-working Canadians and their families, Fast stated. The Canadian members of the new business council are expected to help strengthen the countrys trade relationship, as its government opens new markets for exporters. Abdulla Saif Ali Sulayem Al Nuaimi, Director General of Abu Dhabi Water and Electricity Authority (Adwea) and Vice-Chairman of Taqa and Gordon Nixon, President and CEO of the Royal Bank of Canada were named co-chairs of CUBC earlier this year. Al Nuaimi stated that the new council provided an excellent forum for the two countries and its business to collaborate and expand their strategic partnership. Fast stated that the two governments would work with the CUBC on a wide range of matters to find practical ways to move forward. In order to maximise the true potential of the Canada-UAE economic relationship, governments and businesses must work together, he stated. There is significant potential for Canada and the UAE to increase trade relations with Nixon stating that the UAE was a high-growth market in a strategically important region. The UAE Ambassador to Canada, Mohammad Saif Helal Al Shehhi, and the Canadian Ambassador to the UAE, Arif Lalani, were also present at the launch. The Canada-UAE Business Council further demonstrates the importance Canada attaches to its partnership with the UAE, and the vital role the private sector has to play.