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KELLY CRYDERMAN CALGARY line to bring oil sands bitumen to the revenue for schools, less revenue for
IAN BAILEY VANCOUVER Pacific coast. hospitals and more dependence on
JEFF LEWIS CALGARY Premier Rachel Notley says her one market for our products – the
province might use the legislation if United States,” she told reporters.
Kinder Morgan Inc. kills its plans for On Monday, Alberta’s NDP gov-
OTTAWA/QUEBEC EDITION Alberta is handing itself the power to the $7.4-billion pipeline expansion, a ernment introduced a bill that will
restrict fossil-fuel shipments outside threat that looms larger since the give the Energy Minister the power to
TUESDAY, APRIL 17, 2018 | GLOBEANDMAIL.COM the province, a move designed to company set a May 31deadline earlier require companies to obtain licenses
raise the spectre of soaring fuel pric- this month to be given legal and fi- to ship oil and refined products such
es in British Columbia in an escalat- nancial certainty for the project. as gasoline and diesel if and when the
ing political showdown over the ex- “Every day that goes by without government determines it necessary.
pansion of the Trans Mountain pipe- the expansion in place means less PIPELINE, A6
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Judge delays
deciding on
materials
collected in
Cohen raids
BENJAMIN WEISER
ALAN FEUER
French President leads West’s push U.S. District Court Judge said
she was considering appointing a
special master to assist in the re-
for peace in Syria following air strikes view, and that Mr. Trump would
ultimately receive copies of the
documents that pertain to him.
The courtroom battle over
what to do with the seized mate-
PAUL WALDIE PARIS Assad looks stronger than ever and Mr. work with Russia and Turkey on human- rial came one week after federal
Macron is suggesting working with Russia itarian relief efforts in Syria. agents, in an extraordinary move,
and Iran on a solution. That, too, seems It’s unclear how far his appeals will go. descended on Mr. Cohen’s prop-
After firing more than 100 missiles at Sy- difficult given the growing mistrust be- Russia has long backed Mr. al-Assad, and erties and walked away with 10
ria, Western allies are now trying to co- tween Russia and the West, compounded securing his position − and protecting boxes of documents and as many
ordinate a peace process that would end by the military strikes which Russia has Russia’s military presence in the country as a dozen electronic devices, in-
the seven-year long conflict but could still insisted were illegal. − will be key. cluding cellphones and computer
leave Bashar al-Assad in power. During Monday’s press conference, Mr. While Mr. Macron was outlining a hard drives.
French President Emmanuel Macron Macron defended Friday’s missile strikes, peaceful way forward, Ms. May was de- Lawyers for the President and
has been leading the effort and on Mon- saying it was a legitimate action against fending the air strikes in the British Parlia- Mr. Cohen, and prosecutors with
day he said Western allies have a respon- the Syrian regime’s use of chemical weap- ment, where she accused the Assad re- the U.S. Attorney’s office for the
sibility to the Syrian people to help them ons. And he said the West will continue to gime of committing a horrifying act with Southern District of New York,
build a free society once the civil war has fight the Islamic State in the country until its alleged use of chemical weapons in the had asked Judge Wood for the
ended. that battle is won. But, he added, the West Syrian city of Douma earlier this month. right to look at the documents in
During a press conference after meet- will continue to have a responsibility to “Innocent families – seeking shelter in un- order to determine which among
ing Prime Minister Justin Trudeau at the the Syrian people after the civil conflict derground bunkers – found dead with them might be protected by attor-
Élysée Palace, Mr. Macron offered to act as ends. That responsibility includes helping foam in their mouths, burns to their eyes ney-client privilege. That step is
a mediator between the West and Mr. al- develop a constitutional and political and their bodies surrounded by a chlo- important because it could affect
Assad’s main backers, Russia and Iran, as framework that will allow Syrians living in rine-like odour,” Ms. May told MPs. which documents prosecutors
well as Turkey, which has been fighting the country, as well as those forced into She said it was clear that only the Assad can ultimately use in the investi-
Kurdish forces in northern Syria who have exile around the world, to “decide freely regime could have carried out the attack gation.
been aligned to the United States. “Peace their future political regime and assure a with Russia’s help. And she blamed both In the aftermath of the raid,
won’t happen in Syria until we have cer- constitutional structure that permits an Syria and Russia for preventing UN chem- people in the Trump administra-
tainty that all minorities are represented,” inclusive solution.” ical-weapons inspectors from reaching tion said they saw the Cohen in-
he said Mr. Macron made no mention of the the site of the attack. That delay was one quiry as a more serious threat to
This will be the latest in many attempts removal of Mr. al-Assad and he joined reason the Western allies had to act quick- the President than the investiga-
at ending the war. The United Nations has British Prime Minister Theresa May in in- ly with the military strikes, she said. “We tion by special counsel, Robert
been pursuing a peace process for two sisting that Friday’s military action was cannot wait to alleviate further human- Mueller.
years that would include constitutional not “about regime change.” U.S. President itarian suffering caused by chemical While Judge Wood did not for-
reform and elections, but talks have bro- Donald Trump has also been lukewarm weapons attacks.” mally rule on which side should
ken down. The European Union is hoping about removing Mr. al-Assad as a priority U.S. officials have also expressed con- get the initial look and said that
to revive the UN process when EU foreign and Mr. Trump recently indicated he cern that Russians may have visited the discussions would continue, she
ministers meet next week to discuss Syria wanted to pull U.S. forces out of the area. site and removed evidence. Russian and added that she trusted the prose-
and put pressure on Russia to involve the The French President appears to be Syrian forces have denied holding up the cutors. “I have faith in the South-
Syrian government in the talks. Russian treading a careful line on Syria. He led the inspectors or tampering with evidence ern District U.S. Attorney’s office
President Vladimir Putin has held meet- call for the missile strikes and he has and both have said the chemical attack that their integrity is unimpeach-
ings with Mr. al-Assad, Iran and Turkey in harshly condemned the Assad regime, never took place. able,” Judge Wood said.
the hopes of structuring a power-sharing saying it was an enemy of the Syrian peo- The head of the international Organiza- The seized documents could
arrangement, but that, too, has failed. ple. tion for the Prohibition of Chemical shed light on the President’s rela-
The West had for years been calling for Mr. Macron was also the first Western Weapons said on Monday that Syrian and tionship with a lawyer who has
Mr. al-Assad’s removal and used that as a leader to speak with Mr. Putin after the Russian forces had cited security issues for helped navigate some of Mr.
pretext to back rebels battling the regime. missile attacks and he urged the Russian delays in allowing inspectors to reach the Trump’s thorniest personal and
But that has been quietly dropped as Syr- leader to engage in more dialogue “to site of the alleged gas attack. Russian offi- business problems.
ian forces, with Russian and Iranian help, bring peace and stability back to Syria.” cials have said the inspectors will be per-
have gained the upper hand. Now Mr. al- On Monday, Mr. Macron also offered to mitted entry on Wednesday. NEW YORK TIMES NEWS SERVICE
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[ INDIA ]
Ottawa nixes rules that deny immigrants with disabilities permanent residence
TERESA WRIGHT OTTAWA epilepsy. “These newcomers can last year. year or two they are going to rec- of the policy are expressing dis-
contribute and are not a burden Liberal MP and committee ognize that this is not a signifi- appointment over the changes,
to Canada,” the minister said. chair Rob Oliphant said he had cant cost.” which they say don’t go far
After four decades, the federal “These newcomers have the hoped government would an- But Conservative immigration enough.
government is getting rid of rules ability to help grow our economy nounce a full repeal. But more critic Michelle Rempel says she James Hicks, national director
that turned away would-be im- and enrich our social fabric.” work must be done to determine believes the costs could indeed of the Canadian Council of Cana-
migrants with intellectual or The changes will amend the the full cost implications to the be high. She was critical of gov- dians with Disabilities, called the
physical disabilities, Immigra- definition of social services by re- provinces, he said. ernment’s decision to move changes mere “tweaks.” His orga-
tion Minister Ahmed Hussen said moving references to special ahead with changes before any nization wanted a full repeal of
on Monday. education, social and vocational concrete data have been devel- the medical inadmissibility pro-
The government will no long- rehabilitation services and per- oped to determine the costs to visions.
er be allowed to reject perma- sonal-support services. the provinces and territories. “While today’s announcement
nent resident applications from Ottawa is also tripling the cost The current provisions “My concern is that the federal should make it easier for some
those with serious health condi- threshold at which an applica- government is downloading persons with disabilities to come
tions or disabilities. tion for permanent residency can on medical costs to the provinces without a to Canada, it falls far short of leg-
Most of those impacted by the be denied on medical grounds. inadmissibility are over real plan to deal with that and islative reform that we had ex-
policy have been economic im- That will allow immigrants 40 years old and are that seems like something they pected.”
migrants already working and with minor health conditions clearly not in line with should have done and consid- Felipe Montoya, the university
creating jobs in Canada, but that have relatively low health ered before they made this an- professor whose case was cited
whose children or spouses may and social-services costs to be ap- Canadian values or our nouncement.” by Mr. Hussen, welcomed the
have a disability, Mr. Hussen said. proved for permanent residency, government’s vision Mr. Hussen said Ottawa will changes, but added he feels they
“The current provisions on such as those with hearing or vi- of inclusion. pay the costs of the changes an- fall short of what many advo-
medical inadmissibility are over sual impairments. nounced on Monday, but re- cates and individuals have
40 years old and are clearly not in Of the 177,000 economic im- AHMED HUSSEN mained unclear about whether pushed for.
line with Canadian values or our migrants admitted to Canada ev- IMMIGRATION MINISTER that would mean additional “We recognize this timid move
government’s vision of inclu- ery year, about 1,000 are affected money in health or social-servic- in the right direction, but will be
sion.” by the medical inadmissibility “We at [the] committee could es transfers. relentless in calling for what
He cited the case of a tenured policy. The changes are expected not get good cost data,” Mr. Oli- “We will reflect on these should have been done today
professor at York University who to dispense with a majority of phant said. changes to see the impact that and not in some indefinite future
was denied permanent residence those cases. “Right now [Mr. Hussen] is go- they will have. We have to wait – full elimination of this discrimi-
because his son had Down syn- There have been calls to repeal ing to have to look at this, the and see what the numbers will be natory policy.”
drome, and another case of a the policy entirely, including Minister of Health will have to before I can answer that ques- The changes are expected to
family that came to Canada and from the House of Commons citi- look at this, the provinces and tion, ” Mr. Hussen said. come into effect June 1.
started a business, but were re- zenship and immigration com- territories are going to have to Meanwhile, groups that have
jected because of a child with mittee, which studied the issue look at this and hopefully in a been advocating for a full repeal THE CANADIAN PRESS
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Bill Cosby’s chief accuser at his Members of Parliament are facing pressure to expand the
sexual-assault trial on Monday scope of a Facebook study to include a closer look at Google,
denied framing him and said she which collects massive amounts of data on individuals and is
doesn’t know a key witness who a vital link between businesses and their customers.
plans to testify she spoke of levell- On Tuesday, a House of Commons committee will launch a
ing false accusations against a ce- two-week review of the misuse of Facebook data, and MPs say
lebrity. they will then determine whether a broader study of internet
Canadian Andrea Constand privacy is required.
told jurors she doesn’t “recall ever “If there’s a need to go beyond that based on the evidence
having a conversation with” Mar- that we hear, then we’ll go beyond that,” Liberal MP and com-
guerite Jackson. Both women mittee vice-chair Nathaniel Erskine-Smith said. “The idea
worked at Temple University right now is to focus on the specific issue as much as possible.”
around the time Ms. Constand Federal Privacy Commissioner Daniel Therrien will be the
says Mr. Cosby drugged and mo- committee’s first witness. On Thursday, MPs will hear directly
lested her at the comedian’s sub- from Facebook Canada’s head of public policy, Kevin Chan,
urban Philadelphia home in and the company’s California-based deputy chief privacy offi-
2004. Bill Cosby, left, returns to the courtroom on Monday during his cer, Robert Sherman, will appear via a video link.
The defence plans to call Ms. sexual-assault retrial in Norristown, Pa. Andrea Constand denies claims Sydney Eatz, who voluntarily photographs and reviews
Jackson as a witness and says she she planned to set Mr. Cosby up. DOMINICK REUTER/GETTY IMAGES businesses for Google’s official “Local Guides” program, has
will testify that before Ms. Con- warned in a brief to the committee that the internet giant is
stand lodged her allegations Mr. Cosby knocked her out with Andrea Constand’s breasts and not doing enough to police malicious edits to web addresses,
against Mr. Cosby in 2005, Ms. pills and then sexually assaulted vagina and guided her hand to his locations and phone numbers on Google Maps. Such edits
Constand had mused to her about her. Mr. Cosby, 80, says Ms. Con- penis. could give potential customers an incorrect phone number
setting up a “high-profile person” stand consented to a sexual en- If convicted, Mr. Cosby could for a company or say it has closed.
and filing suit. Ms. Jackson has counter. get up to 10 years in prison on She said this is an escalating is-
said that she and Ms. Constand Ms. Constand’s mother fol- each of three charges of aggravat- sue that is creating major head-
worked closely together, had lowed her on the witness stand ed indecent assault. aches for businesses and can put
been friends and had shared hotel and bolstered her account, testi- On Monday, the defence tried government services at risk. This is about to
rooms several times. fying about a phone conversation to cast Ms. Constand as an oppor- “This is about to become the
A judge blocked Ms. Jackson she said she had with the comedi- tunist who baited Mr. Cosby by most significant problem for busi- become the most
from testifying at last year’s trial, an about a year after the alleged feigning romantic interest in him. nesses in Canada,” Ms. Eatz wrote significant problem
which ended in a hung jury, after assault in which he described in The defence said she spent late in her brief. for businesses in
Ms. Constand took the stand and graphic detail their sexual ac- nights at the comedian’s home, Ms. Eatz has the support of To- Canada.
denied knowing her. At the time, count and then apologized. drove four hours to see him at a ny Elenis, president and CEO of
Justice Steven O’Neill ruled Ms. casino and called him twice on the Ontario Restaurant, Hotel and SYDNEY EATZ
Jackson’s testimony would be Valentine’s Day, about a month Motel Association, which is also REVIEWER AND
hearsay. Since then, prosecutors after the alleged assault. calling on MPs to use the hearings PHOTOGRAPHER FOR
GOOGLE’S “LOCAL GUIDES”
have told Mr. Cosby’s lawyers that [Marguerite Jackson] will Ms. Constand has testified that as an opportunity to press Google PROGRAM, ON MALICIOUS
Ms. Constand had modified her she saw the former TV star as a to improve the security of its on- EDITS
statement to acknowledge she testify that before Ms. mentor and had previously reject- line listings.
“recalls a Margo.” Constand lodged her ed his advances. And she said her Google spokesperson Alexandra Hunnings Klein said busi-
The judge has ruled that Ms. allegations against Mr. phone calls to Mr. Cosby were nesses should use the company’s “Google My Business” pro-
Jackson can take the stand at the Cosby in 2005, Ms. about basketball and had nothing gram, an online listing that appears prominently in a web
retrial, but indicated he could re- to do with romance. search, to ensure accuracy.
visit the issue after Ms. Constand Constand had mused to Phone records show Ms. Con- “We use manual and automated systems to detect for spam
was finished testifying. her about setting up a stand, the former director of and fraud, but we tend not to share details behind our processes
Ms. Jackson’s availability as a ‘high-profile person’ and women’s basketball operations at so as not to tip off spammers or others with bad intent,” she said.
witness for Mr. Cosby could be filing suit. Temple University, made brief The committee, which examines issues involving access to
crucial to a defence plan to attack calls to Mr. Cosby around the time information, privacy and ethics, approved a motion propos-
Ms. Constand’s credibility and get Gianna Constand told jurors of a Temple home game on Feb. 14, ing the study late last month, after reports that a research firm
jurors to believe she set Mr. Cosby that she was concerned because 2004, the month after the alleged called Cambridge Analytica improperly obtained the Face-
up. Cosby lawyer Tom Mesereau, her daughter hadn’t been the assault. Ms. Constand testified book data of millions of people, including more than 600,000
who has called Ms. Constand a same since leaving Temple in that she felt a duty to answer Mr. Canadians. The stories quoted Christopher Wylie, a Canadian
“con artist” who framed Mr. Cos- March, 2004, and moving back to Cosby’s inquiries because he was data specialist who had worked in a senior role at Cambridge
by and then collected a US$3.4- Canada, screaming in her sleep a powerful alumnus and trustee. Analytica.
million settlement, asked her and waking up in a sweat. Picking up where he left off on The motion states that, in light of those reports, the MPs
about Ms. Jackson during cross- She said she was “very combat- Friday, Mr. Mesereau questioned will study the privacy implications of platform monopolies –
examination on Monday. She ive” with Mr. Cosby, demanding Ms. Constand about inconsisten- listing Facebook, Google and Amazon – “and possible nation-
again denied knowing her. he tell her the medication he’d cies in her police statements and al and international regulatory and legislative remedies to as-
The defence lawyer then asked, given her daughter and what he’d prior testimony. sure the privacy of citizens’ data and the integrity of demo-
“Did you ever fabricate a scheme done to her. Prosecutors have called to the cratic and electoral processes around the globe.”
to falsely accuse him for money?” Gianna Constand said Mr. Cos- stand five other women who said In interviews, committee members said the goal is to have
“No, sir,” Ms. Constand replied. by told her he’d given Andrea Mr. Cosby drugged and assaulted four meetings over the next two weeks focused primarily on
Ms. Constand, a 45-year-old To- Constand a prescription drug – them, too. The defence has called Facebook and Cambridge Analytica. After that, the MPs will
ronto native, left the witness not the cold and allergy medicine the other accusers irrelevant to discuss whether to launch a broader study. The committee
stand on Monday after testifying Benadryl as he has claimed – but the case. has invited Mr. Wylie, representatives of Google and others to
for seven hours over two days. didn’t provide the name. She said appear, but has not announced the full list. Ms. Hunnings
She told jurors last week that he described how he’d touched Associated Press Klein told The Globe the company will send someone.
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WANTED en from one of the cameras inside the mosque, Mr. Derbali
can be seen “very courageously and heroically” trying to stop
the shooter. He was one of the first worshippers to try to do
• BUYING • We buy
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so, Mr. Jacques said.
After rolling up in his wheelchair and taking his place be-
fore the judge, Mr. Derbali struggled to move his weakened
hand to swear on the Koran. He said he regrets he will never
PAINTINGS BY: SILVER be able to play soccer with his son again, and has to cope with
VAN RIJK “intolerable pain” from his injuries. He thinks of the men
who were killed and the children who will never see their
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fathers.
“I thought of all my brothers who left 17 orphans behind,”
he said. “They didn’t have this chance that I did to see my
children again.”
Canada recalls
the families
of diplomats
in Cuba as
10 face brain
symptoms
MIKE BLANCHFIELD OTTAWA
A10 FOLIO O THE GLOBE AND MAIL . | TUESDAY, APRIL 17, 2018
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Pedestrians walk underneath flags of Commonwealth countries hanging in central London on Sunday. BEN STANSALL/AFP/GETTY IMAGES
Protesters wave Ambazonian flags in Bamenda, Cameroon, in 2017. The British diver Tom Daley holds up his gold medal on April 13. Last week during the
Commonwealth is facing calls to take action over violence and human-rights Commonwealth Games in Australia he joined the call to action for LGBT rights.
abuses in Cameroon’s English-speaking region. REUTERS TV/REUTERS ATHIT PERAWONGMETHA/REUTERS
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A12 | NEWS O THE GLOBE AND MAIL . | TUESDAY, APRIL 17, 2018
Federal Green Party Leader Elizabeth May, right, and NDP MP Kennedy Stewart, second right, stand with protesters before they were arrested outside Kinder Morgan's facility in Burnaby,
B.C., on March 23. Ms. May and Mr. Stewart are two of dozens now facing charges. DARRYL DYCK/THE CANADIAN PRESS
TUESDAY, APRIL 17, 2018 | THE GLOBE AND MAIL . O NEWS | A13
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DAVID WALMSLEY
EDITOR-IN-CHIEF
The subject who is truly loyal to the chief magistrate will neither advise nor submit to arbitrary measures - Junius
Quebec’s
hijab madness
uebec’s provincial election campaign doesn’t
G
uation has been allowed to dete- book, The Green Paradox, the lack The National Rises, Ratings Fall,
most pompous of Parisian venues, Justin Trudeau riorate so far that the federal gov- of an agreement to reduce fossil April 13).
ernment may have to provide fuel production is probably the Give the new kids a chance.
and Emmanuel Macron skipped the formalities and some interim backstop debt fi- main reason the world has been They’ll attract their own support-
went in for a hug. nancing. unable to control its GHG emis- ers.
This is not a time for our federal sions. Understandably, without Michael Fox
Why not? Young, energetic, techy and liberal, our PM and government to worry about votes such an agreement, no country, Stratford, Ont.
the French President seem cut from the same bespoke fabric. in British Columbia. Paving the Canada included, feels it is its re-
way for Kinder Morgan to build sponsibility to restrict produc-
The two leaders’ global reputations have been diverging, this pipeline, already approved, is tion. We should work with other TOUCHING TRIBUTES
though. Increasingly, Mr. Macron is seen as the heavyweight, now a matter of principle, and countries to achieve a fair and ra-
when it comes to principles, you tional system for controlling glob-
Mr. Trudeau as the lightweight. either have them or you don’t. If al production of fossil fuels. Until When I turned to the two-page
Some of this is unfair, down to the Prime Minister’s flam- our federal government had dealt that is done, we can expect that spread on the Humbolt story, I
decisively with this issue six the constant effort to produce didn’t want to read it all over
boyant choice of socks and the like. Mr. Trudeau has led a
months or a year ago instead of more hydrocarbons and bring again, but I’m glad I did (Healing
busy and in many ways successful government, steering the showing continuing weakness them to market will continue ev- Humboldt, April 14).
and hoping against hope this erywhere. So also will our march I must admit, in my 63 years on
country left as promised with a tax hike on the rich, a big
problem would just go away, we toward irreversible climate this planet, I’ve never cried while
influx of refugees and a bill to legalize pot, plus a national would not be in the present pick- change. reading the paper. But when it
standard and federal backstop on carbon pricing. le. With the passage of time the is- Jim Davies, professor, depart- came to the therapy dogs in the
sue has festered into a homemade ment of economics, University of emergency room, something just
Still, it’s not hard to see why Mr. Macron has earned a repu- crisis and a national embarrass- Western Ontario let go. At that moment, I think all
tation for gravitas that his Canadian counterpart might envy. ment. True leaders sometimes London, Ont. of us with children (or not) could
have to ruffle some feathers, see ourselves in that position, and
The French President’s first term has been a flurry of initia- break some glass and make some feel the emotion of the crippled
tives aimed at the country’s many structural problems. He people unhappy to do the right GROWING PAINS parents, and anyone whose lives
thing. have been suddenly changed in
cut a wealth tax to spur investment and pushed through la- Fortunately, the way forward is the blink of an eye.
bour-code reforms opposed by France’s powerful unions. He clear. Immediately, put the inter- Thank you John Doyle for your Steven H. Brown
im backstop debt financing in fine piece on CBC’s new The Na- Toronto
has taken on the reform of national shibboleths, from the place, petition the Supreme Court tional (The National Now: Con-
state train monopoly to the baccalauréat exam. for a formal ruling on interprovin- fusing, Well-Meaning And Mad- On heaven’s glittering sheet of ice,
cial pipeline jurisdiction for this dening, April 14). With golden sticks and silver
And he has been on the vanguard of global issues, from the and future projects, and then en- Instead of a comprehensive, pucks
power of Silicon Valley to climate change. force the law. I know what former thoughtful roundup of the day’s The Broncos fly from end to
prime minister Pierre Elliott Tru- news, I now feel like I’m getting end
Granted, France has a stronger executive and more radical
deau would do if a premier tried the Coles Notes version — quick, With flashing blades of steel
political culture than Canada does, which lends itself to Mr. to hold him hostage on such an easy to digest with just enough Their bright blonde hair
urgent matter. content to pass the teacher’s test. The colour of the sun
Macron’s activist stance.
A.S. Fell While I’m sure the news team And Gordie’s skating with
But Canada has serious structural problems, too, from a Toronto members do their best given the them
lag in worker productivity and a shortfall in business invest- format in which they’re con- To show them all the moves
This issue has played out very strained, it’s as if they think view- The great ones know
ment to a backlog of asylum seekers and a generational crisis poorly to the detriment of all. It is ers don’t have the attention span That they have missed
of opioid addiction. time to simmer down, put the ne- to grasp the full story. The laughter of the young men
gotiator’s hat on and come up Irritating and disjointed. Pick fills the rink
Mr. Trudeau has quietly worked to address some of these with a solution that, while not sat- an anchor and give us news for And time is left behind
issues. But he has also burned through too much political isfying everyone, will be practical, grown-ups. Roger More
workable and a benefit to all (ex- Joni MacFarlane London, Ont.
capital on petty fights, like the summer job attestation, and cept hard-core environmental- Hillcrest, Alta.
ill-judged distractions, like his recent India trip. While he and ists).
How about proposing that the Mr. Doyle’s piece certainly struck Letters to the Editor should be
Mr. Macron are both balls of energy, the French President bitumen shipped through the a chord. I thought perhaps it was exclusive to The Globe and Mail.
seems to expend his more purposefully. new pipeline be taxed at say, just me that found the new for- Include name, address and daytime
US$5, a barrel. This money goes to mat scattered and incoherent. phone number. Keep letters under
Here’s hoping that, as they brush shoulders at the Élysée, the B.C. government (about Maybe it appeals to the infamous 150 words. Letters may be edited for
some of that discipline rubs off. US$4-million a day). It costs noth- shortened attention span that length and clarity. E-mail:
ing to Kinder Morgan (the oil pro- we’re all supposed to be suffering letters@globeandmail.com
SINCLAIR STEWART DEREK DECLOET KEVIN SIU CYNTHIA YOUNG ANGELA PACIENZA
DEPUTY EDITOR EXECUTIVE EDITOR MANAGING EDITOR HEAD OF AUDIENCE HEAD OF EXPERIENCE
EDITOR, REPORT ON BUSINESS LONGFORM,FEATURES, OPINION
DENNIS CHOQUETTE TONY KELLER NATASHA HASSAN ADRIAN NORRIS SYLVIA STEAD
HEAD OF ENTERPRISE EDITORIAL PAGE EDITOR OPINION EDITOR HEAD OF NEWSROOM DEVELOPMENT, PUBLIC EDITOR
BUDGETS AND STAFFING
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TUESDAY, APRIL 17, 2018 | THE GLOBE AND MAIL . O NEWS | A15
OPINION
The life-saving silver lining after Humboldt
One player’s choice that left the country grief-strick- about death, even thinking Transplant Society has compiled number of organ donors has in-
en. about it. There’s a generalized “it information from all the jurisdic- creased by 56 per cent in the past
to be an organ donor The junior hockey player was won’t happen to me” attitude tions on its website. decade – to 758 in 2016, up from
directly saved six lives hailed as a hero. that often leads to people not The laws in Canada are such 485 in 2007.
– and sparked a He has also inspired action. In bothering to register as donors. that next of kin can veto organ But the need is also growing.
the past 10 days, thousands upon The horrific Humboldt crash donation, even for those who There were 2,906 solid organs
national conversation thousands of Canadians have shocked many out of that com- have registered. That happens transplanted in 2016 – 1,731 kid-
registered as organ donors. placency. surprisingly often: In about one neys, 579 livers, 302 lungs, 202
The uptick has been greatest There are about 280,000 in five cases where family mem- hearts and 92 pancreases – ac-
ANDRÉ in Saskatchewan (the site of the deaths in Canada annually. A bers are approached, they refuse. cording to the Canadian Organ
PICARD crash) and Alberta (Mr. Boulet 2014 study found that there just Making these decisions in a Replacement Registry. (Donors
was a native of Lethbridge), and more than 3,000 potential do- time of grief is difficult. Mr. Bou- can also donate bones, tendons,
OPINION the influx of new donors has nors – only about 1 per cent of let and his family had “the talk” cornea, skin and veins, but there
been especially strong among deaths. where he informed his parents of are no precise data for those do-
young people aged 16 to 24 (the That makes it all the more im- his wishes, and they did him, and nations.)
he impact has been so pro- age group of most of those who portant that everyone sign a do- the country, a great honour by There were also 4,469 people
A16 | NEWS O THE GLOBE AND MAIL . | TUESDAY, APRIL 17, 2018
On March 18, John Oliver announced his Last Week Tonight team had written a children’s book, parodying one written by Mike Pence’s daughter. ERIC LIEBOWITZ/HBO VIA AP
TUESDAY, APRIL 17, 2018 | THE GLOBE AND MAIL . O NEWS | A17
UNDER
EDDIE
OPINION
The question
The answer
I knew my son had attention deficit hyperactivity mother, I receive the brunt of the anger. This is well
disorder (ADHD). I always laugh, a hard edge documented in the academic research on ADHD
creeping onto the end and say: “I’ve known it and its comorbidities. I often wonder if he would be
was ADHD before I knew I was pregnant.” He came better off with his father full-time who, although
out of me in a burst, my pregnancy marred by anx- more rigid, is loving nonetheless. Then I dig deep
mount a lot of obstacles, maybe even including this
one.
So, if you truly believe, down to your toes, in
your bones, in the bones of your toes, this dude
loves you and will be good to you the rest of your
iety and anger, his feet boring into my ribs in stacca- into my core of strength, shake my head and try life, here’s what I’d do:
to thrusts, more movement than his twin sisters again. Talk to the mom. Explain to her that her son
combined. He was walking by 10 months, angry the ADHD is one of those invisible disorders that can loves you and you love him – to the point you are
entire time as if trying to escape the impatience in cause the sufferer so much pain. Children with even willing to surmount this terrible obstacle. I
his soul. ADHD are often labelled as troublemakers, despite wouldn’t expect her blessing, but maybe in time,
I shouldn’t be surprised. Our family has a deep the expanding awareness and increases in diag- she’ll soften. Time softens all.
well of anguish in its past. He combines his restless- noses. People who have never seen a child or adult Then, call the ex-girlfriend. Maybe have a drink
ness with anger and sadness. At eight years old, he with ADHD can be quick to judge it as a made-up (well, for her maybe a club soda since she’s preg-
still does not have the words for the dissonance in illness caused by bad parenting or boredom. ADHD nant). If you’re really going to marry this guy,
his soul. I struggle with him and for him, but some- is often diagnosed in conjunction with other disor- you’re going to have to figure out a way to deal with
times feel that I have been depleted past the point of ders such as oppositional defiant disorder and con- her. Might as well start now.
replenishment. I let my relationships fail because duct disorder, and various learning disabilities. As And then turn to Mr. Arnold Schwarzimpregna-
he consumes me and I am driven to exhaust myself children get older, they can turn to drugs or alcohol tor. “No more secrets, bub. I want you to open your
supporting him. I listen as I am told that my life is to self-medicate or get in trouble with the law. As an vault, be an open book, and … whatever else is a
too complicated to be a part of and potential part- adult, if you have ADHD, you have an increased risk metaphor for being open and transparent. Other-
ners tell me that love should be easy and seamless, of car accidents, reduced work performance and dif- wise, I will drop you like a bag of dirt and find
but my love for him proves otherwise. His sisters ficulties with relationships. Although some chil- someone who can be honest with me. Got that?”
come to me as I crumble in the dren outgrow the symptoms or learn If he agrees to your terms and you believe him,
mornings, tired of the fight, to let me to manage them, approximately 60 well, let the festivities begin. Plan ceremonies. Hire
know that they love me, while he sits per cent of those diagnosed carry caterers, etc.
stolidly by, watching my tears. I will never stop their symptoms into adulthood, ac- From there, to (slightly) paraphrase Bette Davis
A shopping trip never fails to cording to the Centre for ADHD in the movie All About Eve (just before an incan-
bring on tears either, from him or trying to be his voice Awareness, Canada. descent cameo from a young Marilyn Monroe):
me. Recently, we went to buy a new until he learns how Some days, he makes his disorder “Fasten your seat belts. It’s gonna be a bumpy ride.”
video game. He stood in front of the to manage his own. known by dressing up the cat, using
collection and I could see the anxie- the furniture as an obstacle course Are you in a sticky situation? Send your dilemmas to
ty welling up in him as he took each or by dancing and singing for me. damage@globeandmail.com. Please keep your
case down carefully, turned it over and scanned the Those days give me hope. They let me know there is submissions to 150 words and include a daytime
back for more information. He hopped from foot to a child in him still. Other days he sits sullenly, angry contact number so we can follow up with any queries.
foot as I stood to the side waiting for him to tumble at noise, angry at chores and angry at the burning
to the ground, bringing the display down with him. inside his body. This can’t be easy, the constant
He began to get upset, knowing that once he made a movement of his mind and limbs.
choice, he would be wedded to it. Minutes passed Maybe it is my empathy that causes the struggle, TODAY’S SUDOKU SOLUTION
and he finished perusing the selection. So he started as if I can feel his lonely, sad discomfort and give it a
again, this time with a high-pitched whine creeping voice, when that voice should remain silent. Under
into his voice. We left that day with a game, but he his volcano is a great child who wakes me with a kiss
spent the whole car ride home agonizing over his every day, who looks for opportunities to form con-
decision. Although impulsivity usually marks those nections with his peers, who has a scientific mind
with ADHD, his has begun to turn into anxiety. and seeks to understand the universe. He struggles
As a parent to a child with ADHD and opposition- with building empathy and is unable to understand
al defiant disorder, I feel very alone. I am envious of how his actions make others feel.
those who slide through parenting, those who are The other day I went to his school to pick him up
not afraid to take their child into public. I make light for another appointment with a specialist. He
of the frequent e-mails from the teachers who use joined me in the office, bundled in his snowsuit,
words such as angry, defiant, depressed, anxious pants swish-swishing as we walked outside. He
and oppositional. I laugh in hysteria as I am called looked at me, the sun reflecting off of his scratched
into the school once again, as I make countless ap- glasses and said, “Today is a good day, Mommy.”
pointments with pediatricians and therapists. I read My pact to him is that no matter how worn out I
the books on parenting, try to limit the screen time, feel, I will never stop trying to be his voice until he
watch his sugar intake. He is on medication No. 2 learns how to manage his own. I will not stop until
and we are waiting to see if that is the mythical mag- he can look up and find something good in every TODAY’S KENKEN SOLUTION
ic cure that I have been looking for. I have listened in day, no matter how small that goodness might seem
stunned silence as he casually mentions suicide in at the time.
conversation.
Some days, I have nothing left. I imagine parking Rhiannon Jones lives in Calgary.
Have a story to tell? Please see the guidelines on our website tgam.ca/essayguide,
and e-mail it to firstperson@globeandmail.com
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A18 | NEWS O THE GLOBE AND MAIL . | TUESDAY, APRIL 17, 2018
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BRIDGE Although it is not essential declarer’s king. After drawing Suppose, however, the queen
BY STEVE BECKER for a competent bridge player another round of trumps, South lost to the king, as in the ac-
TUESDAY, APRIL 17, 2018 to be able to compute various led a heart to the queen, losing to tual deal. South could then
probabilities precisely, it is nev- the king. He then lost a diamond win the diamond return, lead
ertheless helpful in many hands and a club to go down one. another heart to dummy and
to be generally familiar with Declarer erred by staking the finesse the 10. If West held the
the fundamental principles of outcome strictly on a simple jack, the finesse would suc-
chance. heart finesse. In effect, he gave ceed, and South could then dis-
South dealer.
Bridge is, after all, a game of himself only a 50 per cent chance pose of his diamond loser on
Neither side vulnerable.
probabilities, and the player to make the contract, since it the ace of hearts to make the
who consistently adheres to the was even money whether East or contract.
percentages will come out well West had the king of hearts. By adopting this method of
The bidding: ahead in the long run. But he would have had a 3-to- play, declarer gives himself two
Consider this deal where 1 chance in his favour if he had chances to get home safely in-
South West North East South was in four spades. He taken the queen-of-hearts fi- stead of just one. He combines
1 [S] Pass 2 [S] Pass won the diamond lead and led nesse at trick two, instead of two even-money shots, which,
4 [S] a spade to the jack, losing to the later on. If it won, 10 tricks would as in the case of the coins, make
Opening Lead – queen of diamonds. ace. East returned a diamond to have been assured. him a 3-to-1 favourite.
9 10
11 12 13
14
15 16 17 18
19
INSTRUCTIONS Fill in the grid so that each row of nine squares, each column of nine
and each section of nine (three squares by three) contains the numbers 1 through 9
in any order. There is only one solution to each puzzle.
KENKEN
20 21
INSTRUCTIONS
1. Each row and each
CRYPTIC CLUES QUICK CLUES column must contain
ACROSS DOWN ACROSS the numbers 1 through
6 without repeating.
1 Accepts an invitation 1 The task is halved with a 1 Cry out (7)
to have a drink (5,2) letter from Greece (5) 5 Juncture (5)
5 Highest tree by the way (5) 2 Offer hospitality to all, 8 Be logical (5,2,6) 2. The numbers within
the heavily outlined
8 Is it used for playing though it would be 9 Big bird of prey (5) boxes, called cages,
currently popular cold in winter (4,4,5) 10 Dishonourable (7) must combine using
tunes? (8,5) 3 Like hell cats in a melee (7) 11 Highly polished (6) the given operation (in
9 A grain seen only in oak (5) 4 I snoop around and 12 Scamper (6)
any order) to produce
10 An old Empire sofa (7) discover a cause of the target numbers in
15 Moral (7) the top-left corners.
11 Form of decoration in death (6)
17 Damp (5)
the forces, perhaps (6) 5 Negotiate loan for
fishing tackle (5) 19 Repeatedly (5,3,5) Freebies: Fill in
12 One boy about to finish 20 Vestibule (5) 3. single-box cages with
backing another (6) 6 Possibly get into and the numbers in the
remain in a disciplined 21 Impetuous person (7)
15 Monks and nuns may top-left corner.
dwell this way (7) organisation (13)
7 A temporary occupation (7) DOWN
17 Groups of mates (5)
11 Steps taken by travellers (7) 1 Follow as result (5)
19 Demolition of homes ©2018 KENKEN Puzzle LLC. KENKEN is a registered trademark of Nextoy, LLC. Dist. by Andrews McMeel
is a crime (13) 13 Evident, but not in 2 Transformation in www.kenken.com
treatment room (7) attitude (6,2,5)
20 Spot and point to how YESTERDAY'S CRYPTIC
14 Supplies rushed on 3 Speak to (7)
birds eat corn (5)
board (6) 4 Short-sighted (6) ACROSS: 1 Norma, 8 Yodeller, 9 Score, 10 As it were, 11 Edith, 12 Spa, 16 Parole,
21 Signs I’d put out for track 17 Theory, 18 Age, 23 Poise, 24 Overlook, 25 Admit, 26 Magazine, 27 Dregs.
runners needing a rest (7) 16 Chance of a rest (5) 5 Primp (5)
DOWN: 2 Orcadian, 3 Marathon, 4 Gossip, 5 Keats, 6 Fleet, 7 Green, 12 Sea, 13 Ate,
18 Expresses regret for glue 6 Disobedient (13)
14 Recorder, 15 Grasping, 19 Ground, 20 Forms, 21 Verge, 22 Blaze.
that’s weak, we hear (5) 7 Leather factory (7)
11 Type of small bomb (7) YESTERDAY'S QUICK
13 A mutual agreement (7) ACROSS: 1 Dingy, 8 Stand out, 9 Train, 10 Sit tight, 11 Stage, 12 Pen, 16 Groove,
14 Settle decisively (6) 17 Anorak, 18 Tip, 23 Seine, 24 Surprise, 25 Macaw, 26 Downfall, 27 Ready.
16 Shrewd (5) DOWN: 2 In return, 3 Goings-on, 4 Strive, 5 Unity, 6 Forge, 7 State, 12 Pet, 13 Nap,
Solutions to today's Sudoku and Kenken can be found in the Life & Arts content 14 Lose face, 15 Gainsaid, 19 Insult, 20 Aside, 21 Drawn, 22 Gruff.
area of the A section. Crossword solutions will be with tomorrow's puzzles. 18 Adjusted to correct pitch (5)
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WINNER
of Tim Hortons by Marina Strauss
Over months of relentless reporting, Strauss pieced together what was happening
inside Tim Hortons in the wake of its takeover by the private-equity firm 3G Capital.
Her investigation was instrumental in the iconic chain’s franchisees launching a
class-action lawsuit against the parent company, which used details from Strauss’s
article in its complaint. A few months after the story was published, the president of
Tim Hortons stepped down to take on a new role. Strauss’s tenacious work ensures
Globe and Mail readers are always in the know on important stories and their impact.
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models from 24 months, available through Acura Financial Services on approved credit. ◆ 3-Day Sale Credit of $1,250 // $750 available on new 2018 TLX, RDX and MDX models // 2018 ILX models when registered and delivered before April 21, 2018. 3-Day Sale Credit can be combined with lease/
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change or cancellation without notice. Dealer may sell/lease for less. Dealer order/trade may be necessary. While quantities last. Certain features only available on certain trims. Visit acura.ca or your Acura dealer for details. © 2018 Acura, a division of Honda Canada Inc.
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SPORTS
SKATING HOCKEY BASKETBALL
Patrick Chan announces Penalties and power-play This is the Serge Ibaka
retirement, says he’s ‘feeling goals up sharply in NHL the Toronto Raptors
good and light’ B17 playoffs B14 had envisioned B13
STREETWISE
Vermilion boosts
Saskatchewan oil
production with
deal for Spartan
JEFFREY JONES
MERGERS AND ACQUISITIONS REPORTER
ANALYSIS
A communal work space at the WeWork building on Toronto's Richmond Street West. The company, which also has two
Vermilion Energy Inc. is buying Spartan Energy locations each in Montreal and Vancouver, wants to have 20 spots in Toronto by 2020. CHRIS YOUNG/THE GLOBE AND MAIL
Corp. for $1.2-billion in stock to boost production of
light oil as the industry struggles with share-price
weakness despite improving crude markets.
In the friendly deal, Vermilion gets output of
23,000 barrels of oil equivalent a day in southeast-
Office-space race: WeWork seeks to
ern Saskatchewan from the mid-size company at a
price that analysts view as a bargain.
It is offering 0.1476 of its shares for each Spartan
keep up with Toronto demand
share, representing a small premium of 5 per cent
from the target’s closing price on Friday. Vermilion U.S. firm that subleases reach 400 locations by year end. footprint and tech firms clamoring
will also assume $175- Toronto is one of WeWork’s fas- for space. The city’s office vacancy
million in Spartan debt. office space to businesses, test-growing cities; it opened its first rate is the lowest in Canada and the
The announcement Investors were less entrepreneurs plans two space in Toronto last summer and its United States. It is expected to fall
than ecstatic with the more locations in city by second in December. Both locations further this year, well below Manhat-
arrived as the deal, which consolidates quickly filled up and have a waiting tan and San Francisco.
industry struggles a large portion of the next year list, the company said. That has made it hard for any
for numerous province’s crude oil pro- Inside its first Toronto location businesses to find office space, in-
duction under Vermi- just west of the financial district, cluding WeWork.
reasons to woo “It’s not a market conducive for
lion. Shares in Spartan RACHELLE YOUNGLAI people work elbow to elbow in
investors. closed down 2 cents at rooms with glass walls. There are WeWork to find space,” said Aly
$6.17 on the Toronto spotless desks, soft couches, coffee Damji, senior vice-president with
Stock Exchange. Vermilion, which also has oper- eWork has turned an old tables and bars stocked with fruit Hullmark, which was the first Toron-
ations in Europe and Australia, fell 3 per cent to
$42.75.
With the industry in its fourth year of downturn,
this may not be the last such deal, said Travis Wood,
analyst at National Bank Financial. “Vermilion has
W office-sharing idea into
a hot commodity.
The young U.S. com-
pany leases office space and then
subleases it at a premium to tech
water, beer, coffee and tea.
WeWork plans to open a third lo-
cation in Toronto this fall and a
fourth early next year.
“We look in Toronto and we go
to property owner to lease to We-
Work.
Mr. Damji said he initially had
concerns about WeWork because its
valuation had grown “very, very
kicked off what could continue to be a theme for the startups, big firms, entrepreneurs – ‘Wow,’ this is just extraordinary by quickly.” But Hullmark “believed in
remainder of the year, given cyclically low valua- anyone who needs space for any- any measure in terms of the recep- what they offer” and gave WeWork
tions across a fragmented basin,” Mr. Wood said. where from a few hours to a few tion for the business,” said Dave what it wanted: a long lease and
Indeed, it says a lot about how investors view the months or longer. McLaughlin, a WeWork general man- more than $100 per square foot to
riches available in the Canadian oil patch these So far, the strategy has worked ager in charge of Toronto, Montreal renovate the space to its liking, also
days, and little of it is positive. wonders. Valued at US$20-billion, and the northeastern United States. known as “tenant improvements.”
Normally, a big takeover deal lights a fire under a the privately held company is now The company currently has two That is more than triple the going
slow sector as the market places bets that more one of the largest corporate occu- locations each in Montreal and Van- rate in the financial district, where a
merger-and-acquisition activity is on tap. In the pants in Manhattan and London. couver; it wants to have 20 spots in top tenant can get a landlord to pay
case of Spartan, the announcement arrived as the In eight years, WeWork has ex- Toronto by 2020. between $30 and $40 for every
industry struggles for numerous reasons to woo in- panded from one co-working office Demand for office space in Toron- square foot for building renovations,
vestors. in New York to more than 300 in to has been insatiable, with finan- according to leasing agents.
VERMILION, B6 more than 20 countries. It plans to cial-services firms widening their WEWORK, B6
B2 | REPORT ON BUSINESS O THE GLOBE AND MAIL . | TUESDAY, APRIL 17, 2018
STARTS NEXT WEEK! STORIES and aircraft away, it has a signif- Mr. Sims joined WestJet last
icant impact on our pilot group,” May as executive vice-president
Mr. McFadyen said in an inter- of commercial operations.
view. “That is one of the para- He had spent 10 years at Air
mount issues to our pilots.” New Zealand, where he was in
Mr. Sims confirmed Swoop has charge of the airline’s interna-
FIND FILMS. BUY TICKETS. HOTDOCS.CA already begun hiring pilots and tional wide-bodied aircraft oper-
training them for the June 20 ations, before becoming CEO of
startup. New Zealand’s air-navigation ser-
Swoop flights will not canni- vice provider.
balize WestJet’s existing network,
he said. If the planes had stayed WESTJET (WJA)
within WestJet’s mainline oper- CLOSE: $22.83, UP 26¢
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TUESDAY, APRIL 17, 2018 | THE GLOBE AND MAIL . O REPORT ON BUSINESS | B3
[ AEROSPACE ]
Bombardier union
optimistic about contract
negotiations with Airbus
MONTREAL
B4 | REPORT ON BUSINESS O THE GLOBE AND MAIL . | TUESDAY, APRIL 17, 2018
W Cambridge Analytica
scandal coming to a
head over the past couple of
fication of compliance in order
to obtain the same privileges.
This does not mean Canada is
notion of consent is important:
As a user, I agreed to give access
to my data (and to specify what
and tools that can help us con-
trol just how much information
we give out and what type of ad-
those data in an ethical manner,
but also be more transparent
about what data are being used
weeks, a topic that was once neb- exempt from improving and sort of data I’m willing to share) vertising we see − starting with and how, in a language that not
ulous is now put under a bright clarifying its current regulations. to this platform alone. However, our smartphones, which are al- only tech-savvy users or some-
spotlight and becoming a major A parliamentary report that I have not agreed to give access ready packing a ton of controls one in the legal profession would
concern for all online users: data came out at the end of February to any third party that is not di- over what is shared to apps. understand.
privacy and protection. The busi- suggested modernizing Canada’s rectly involved in the services I On the web, an obvious exam- By providing clarity to the us-
ness model that puts personal privacy laws, and I couldn’t agree have subscribed to. That’s one ple may be ad blockers, but there er, we will create more informed
information at the centre of prof- more. instance where boundaries need are many other technologies that users and empower them to take
itability through advertising is Advertising today is depend- to be drawn. empower the user to exert their control and so, share the respon-
questioned: Should we allow ent on personal data like it has An encouraging sign that we right to data privacy and control sibility of data protection with
free online and social media in never been before, and as an in- are seeing right now is the no- their data exposure. A common them.
return for monetization of per- dustry, we are facing the chal- tion of privacy by design that example is the incognito mode But as far as data protection
sonal information through ad- lenge of building ethical and many corporations and technol- that is available on a majority of goes in Canada, we are in a great
vertising, or should we charge for transparent frameworks that will ogy providers are adopting. More browsers that will remove coo- position to create a healthier on-
online activity? While new sub- contribute to establishing trust and more platforms are building kies and other data at the end of line experience for consumers,
scription-based models are between consumers, service pro- products with built-in end-to- every session. having received the adequacy
bringing alternatives to the ad- viders and advertisers, and make end encryption and limiting data Other tools such as secure status from the EU’s general da-
supported internet, I believe we advertising a healthy part of so- retention to the bare minimum DNS services, virtual private net- ta-protection regulation, but also
can still have free access to con- ciety. Only if that challenge is rather than addressing the prob- works or browser extensions with the recommendations that
tent and services, in return for met will we be able to trust cor- lem separately with complex that give granular control over were made to modernize the
reasonable use of personal infor- porations offering a free service tools and processes. This ensures which companies can track Personal Information Protection
mation for advertising. to consumers, such as a social that data collected will be re- browsing habits are all addition- and Electronic Documents Act.
First of all, Canada ranks high network, to generate their reve- tained for the shortest time nec- al tools that users can leverage if These are a couple of great first
in comparison to the rest of the nue from ethical and lawful use essary and that all communica- they get educated about the sub- steps. I think the next one will be
world on protection of privacy. of the data they have gathered tions and databases will be en- ject. how we educate and empower
Let’s use the stringent European for advertising purposes. crypted to limit the risks of secu- As a bonus, some of those ourselves as consumers over on-
privacy law as a prime point of So what would be an ethical rity breaches. In the long run, tools also help protect against line privacy.
TUESDAY, APRIL 17, 2018 | THE GLOBE AND MAIL . O REPORT ON BUSINESS | B5
B6 | REPORT ON BUSINESS O THE GLOBE AND MAIL . | TUESDAY, APRIL 17, 2018
Securities
FROM B1
Vermilion: Spartan shareholders are not being offered any cash in the deal
FROM B1 Pony Energy Ltd. were punished in a larger organization. “In this a breed of oil-patch executive own struggles. Crescent Point En-
for issuing stock. equity market that we exist in, that has made a career of starting ergy Corp. has sworn off corpo-
Not least of which has been the Vermilion is paying the equiv- we do think that it’s hard for up companies, building them up rate acquisitions for now after
view that a big increase in sorely alent of 4.5-to-5 times forecast small companies to attract the to a certain size, selling them off, irking investors with equity of-
needed oil export capacity is 2018 cash flow for Spartan’s attention of institutional inves- then repeating the process. Spar- ferings to fund them. It is now
anything but assured, even after 23,000 barrels a day of output, tor,” he told analysts on a confer- tan Energy is the third incarna- the target of an activist investor,
Ottawa recommitted to the Kin- according to Mr. Wood, a bargain ence call. “And the smaller you tion of the company for the CEO, Cation Capital Inc., which is
der Morgan Inc. Trans Mountain compared with just a few years are, the bigger the impact is and who was named Saskatchewan pushing to remake the board of
pipeline expansion last week- ago for similar assets and comes that’s another reason I think that Oilman of the Year in 2017 for his directors.
end. even as oil prices improve. Mean- we’ll find that the transaction success in the southeastern cor- Raging River had previously
As a result, it’s feared invest- while, Vermilion expects cash works well for the Spartan share- ner of the province. been speculated as a possible
ment returns could keep lagging flow a share to increase by 15 per holders.” Now, the selling-them-off part suitor for Spartan, and for assets
those of U.S. oil companies that cent. Vermilion’s own shareholders has become a lot more difficult that Crescent Point has up for
operate in regions such as the With the deal, Vermilion’s pro- will also benefit from more heft, amid the extended downturn sale. It is now studying a “strate-
Permian basin. portion of North American pro- Mr. Marino said. and negative investor sentiment, gic repositioning,” leaving the
Spartan shareholders are not duction increases to 60 per cent Spartan’s chief executive offi- and the entrepreneurs have been market to wonder whether it is
being offered any cash. Acquisi- from 46 per cent, with European cer, Rick McHardy, was not avail- left running the businesses much on the sidelines of deal-making.
tion-related equity raising has output at 35 per cent and Austra- able to comment on why it was longer than they had planned, Now, Spartan shareholders
been all but off-limits to Cana- lian production at 5 per cent. time to sell and at this price. As leaving them frustrated. have the opportunity to throw
dian oil and gas companies since Vermilion chief executive offi- recently as January, Spartan In Saskatchewan, other their lot in with Vermilion, which
last year, when such producers as cer Anthony Marino said he be- shares topped out at $7.29. would-be buyers for Spartan means dividends and a much
Cardinal Energy Ltd. and Painted lieves investors are better served Mr. McHardy has exemplified have been dealing with their more diversified suite of assets.
РЕЛИЗ ПОДГОТОВИЛА ГРУППА "What's News" VK.COM/WSNWS
TU E S DAY , A PRIL 17, 2018 ETF1
SP ON SOR CON T EN T PRODUCED BY RANDALL ANTHONY COMMUNICATIONS. THE GLOBE’S EDITORIAL DEPARTMENT WAS NOT INVOLVED IN ITS CREATION.
ETFs
Thematic exchange-traded funds filling market gap
ACCORDING TO GREENWAVE
ADVISORS, legalization of
recreational marijuana in California, We believe that
Canada and other markets will un- investing in an
leash annual retail sales of $14.5-bil-
lion (U.S.) including sales taxes. ETF is important,
Another report, by Deloitte, predicts especially in
that marijuana revenues will reach
$23-billion (U.S.) by 2021. a new class
Unsurprisingly, this high-growth like marijuana
sector is proving irresistible to
strategic investors. Downside risk or robotics
management may also be part of where broader
its appeal: early trends indicate this
paradigm shift may impact many diversification
sectors, from stalwart components is essential, and
of the Dow Jones Industrial (such
as pharma giants Merck, Pfizer and thematic ETFs
Johnson & Johnson) to the alco- cross borders and
holic beverage companies on the
S&P 500 and other leading indices. industry sectors
In a new, untested sector, how- to create a new
ever, choosing individual compa-
nies is a gamble even for seasoned
approach to asset
investors with unlimited time for classes.
analysis. Especially for those who
wish to avoid the high fees usually Steve Hawkins
associated with managed specialty President and co-CEO of
mutual funds, therefore, last year’s Horizons ETFs Management
launch of the Horizons Marijuana
Life Sciences Index ETF was a wel- Investors who wish to avoid the high fees usually associated with managed specialty mutual funds will see last
come development. In less than a year’s launch of the Horizons Marijuana Life Sciences Index ETF as a welcome development. ISTOCK.COM
year, the fund – the first marijuana-
themed ETF in North America – has
grown to more than $700-million
in assets. where broader diversification is es- doing is rebalancing the portfolio to Thematic ETFs are designed
Thematic ETFs such as this one sential, and thematic ETFs cross bor- reflect changes in the index.” for higher risk, higher rewards
address important gaps in the ders and industry sectors to create a Horizons launched a second strategies, he notes. “Obviously, you
investment marketplace, says Steve new approach to asset classes.” thematic ETF, the Robotics and should not invest all of your savings
Hawkins, president and co-CEO of The thematic ETFs introduced so Automation Index, in December. into marijuana; its performance
Horizons ETFs Management. “They far are neither active nor passive, “This theme is very specific to the is extremely news-driven. At the
enable the expression of an invest- says Mr. Hawkins. “With truly active world of automation and AI, all the same time, its growth prospects are
ment idea or preference an investor management, there is always a port- things that are and will impact us unparalleled.
may have, whether it’s their per- folio manager making discretionary every day, from a medical perspec- “We see these thematic ETFs as
sonal values and commitment to decisions. With thematic ETFs, tive, self-driving cars or manufactur- the way of the future. It’s not about
social responsibility or an interest in a lot of initial qualitative analysis ing,” says Mr. Hawkins. “We also what is hot right now. Investors
a specific type of asset concept. goes into working actively with the see significant growth possibilities aiming to generate higher-than-
“We believe that investing in an index provider. Once the index is in blockchain technology, and are market returns focus on themes with
ETF is important, especially in a created and the fund is launched, it launching a new fund that focuses growth prospects over the longer
new class like marijuana or robotics becomes more passive – all we’re on blockchain infrastructure.” term.”
Exchange-traded funds (ETFs) have space, where innovation continues Mr. Gopaul. “ETF users recognize priorities,” says Mr. Gopaul. While
grown at an annual 10-year rate of to add to demand.” the importance of asset allocation, the approach will likely be different
22 per cent in Canada and 19 per The increase in Many investors are attracted to and ETFs provide a highly efficient for institutional investors, advisory
cent globally in terms of assets the number of ETFs because of features like low tool to get access to areas of the clients or individual investors, it’s
under management – a trajectory cost structures, transparency, broad market that traditionally required important to have a solid under-
that has the attention of inves- products and diversification and tax efficiency, more expertise and operational standing of the product and how
tors. With the number of funds providers has says Mr. Gopaul. complexity.” it fits into an investment portfolio,
and assets under management “Increased education has led to With ETFs tracking virtually every he explains. “While niche ETFs are
having increased to 584 ETFs with reduced the increased comfort among a growing sector, region and asset class, and quite popular, they can be challeng-
$152-billion in assets in Canada and available white list of users,” he explains. “ETFs an ever-increasing range of products ing in terms of liquidity, tradability
over 5,400 ETFs with $4.8-trillion originated as an institutional product and providers, how to select an and meeting expected returns.
(U.S.) in assets globally, ETFs have space, where and evolved towards advisers and ETF? Mr. Gopaul suggests taking a “The evolution in products will
now surpassed the hedge fund innovation direct holders; and now institutional closer look and asking questions continue to be more solutions ori-
industry. interest is ramping back up. All like: What is the quality of the man- ented. As more users become com-
“The success of the ETF industry continues to add to user groups benefit from the same ager? What is the provider’s com- fortable with ETFs, they will also
has attracted both new firms and demand. attributes, including a level playing mitment to service and education? be more open to discussing their
existing firms, where traditional field for cost and execution.” What’s the breadth of offerings? needs for portfolio construction,” he
active mutual fund shops have Kevin Gopaul While ETFs became known as And what is the commitment to says. “providers are becoming more
entered into ETFs to participate in Chair of the Canadian ETF equity vehicles, offering exposures innovation? responsive to those needs. They
the market demand and transform Association to leading asset classes and indexes, “Those are the kind of things peo- are working on solutions that are
their business,” says Kevin Gopaul, they have become just as important ple should include in their checklist appropriate and relevant for a range
chair of the Canadian ETF Associa- in fixed income, amplifying the and rank them according to their of sophisticated users.”
tion (CETFA). “The increase in the benefits of ETFs within an asset
number of products and providers class that has traditionally been less
has reduced the available white transparent and liquid, according to
Working to provide
education and
information about
ETFs to Canadians.
Visit cetfa.ca for up-to-date and detailed
industry statistics, news, and member
information, or call 1-877-430-2532.
As the evolution in ETF products continues, Kevin Gopaul, chair of the Canadian ETF Association,
advises to spend some time on defining an investment strategy. ISTOCK.COM
Horizons ETFs’ suite of actively managed ETFs offer the potential for better risk-adjusted
returns compared to passive investments.
Horizons ETFs is a member of Mirae Asset Global Investments. Commissions, management fees and expenses all may be associated with an investment in exchange traded products
managed by Horizons ETFs Management (Canada) Inc. (the“Horizons Exchange Traded Products”). The Horizons Exchange Traded Products are not guaranteed, their values change frequently
and past performance may not be repeated. Please read the relevant prospectus before investing.
РЕЛИЗ ПОДГОТОВИЛА ГРУППА "What's News" VK.COM/WSNWS
B8 PROPERTY REPORT O THE GLOBE AND MAIL . | TUESDAY, APRIL 17, 2018
PROPERTY METRICS
CIBC
TUESDAY, APRIL 17, 2018 | THE GLOBE AND MAIL . O REPORT ON BUSINESS | B9
For Sale
2535 BLOOR STREET WEST, TORONTO, ON
B10 | REPORT ON BUSINESS O THE GLOBE AND MAIL . | TUESDAY, APRIL 17, 2018
GLOBE INVESTOR
Some debt-laden companies worth a look
There are ways for They have a higher default risk that are strong enough to repay search paper, which covered turn a company such as this one
and face higher interest rates if their debt. For publicly traded ground from the 1960s to 2013. into a cash machine if manage-
investors to reap they fall behind on their loan pay- companies, the ability to pay The performance from 2006 to ment gets it right.
benefits from leveraged ments. down debt over time using the 2017 puts the portfolio just above Seaspan Corp. (SSW-NYSE):
small companies Warren Buffett has said that cash generated by the business the middle in terms of long-term This company owns and manages
debt is one of the factors that can result in investors giving the performance. But that is also in container ships. It has a P/E of 7.3
speaks negatively about a stock. firm higher valuations as bank- keeping with the trend in the mar- and EV/EBITDA ratio of 6.8.
JOHN REESE That’s because long-term debt is ruptcy risk falls and as interest ket over the past five years that Encore Capital Group (ECPG-
vulnerable to increases in interest payments from lower debt levels has favoured large-cap and Nasdaq): This debt-recovery firm
rates that can affect the predict- decline. growth stocks over smaller-cap has EV/EBITDA ratio of 11.6 and
OPINION ability of future cash flows. Based on all of this, the re- and value models. tons of debt. Yet, earnings have
searchers found that the ideal lev- Here are some of the stocks been increasing nicely over the
ebt isn’t always the dirty eraged small stock could be un- that came out on top when Val- past decade and the firm has a re-
Bond spreads and Citi send divergent messages on loonie’s flight path
SCOTT VALUING THE DOLLAR: A CASE OF PUSH AND PULL yield at the beginning of 2017. loonie with the West Texas inter-
BARLOW CADUSD The loonie is currently over- mediate crude price. This rela-
valued relative to bond spreads. tionship has been weaker than
OPINION 2Y spread: 2Y Gov't of Canada bond yield Based on the five years of market the dollar-to-relative yield con-
minus 2Y U.S. Treasury bond yield (%, right scale) history on the chart, the domes- nection (again, according to cor-
2Y spread: consensus estimate (%, right scale) tic currency should be trading relation statistics), but oil still ex-
INSIDE THE MARKET closer to 73 US cents instead of erts a powerful influence on cur-
$1.05 1.0%
the current 79 US cents. rency markets.
s the Canadian dollar overval- 1.00 0.8 The dotted line on the chart in- The loonie is currently under-
TUESDAY, APRIL 17, 2018 | THE GLOBE AND MAIL . O REPORT ON BUSINESS | B11
the return of volatility Canada’s main stock index rose on Monday, led by industrial
and financial shares, as fears waned over an escalating con-
flict in Syria following the weekend’s U.S.-led air strikes.
The Toronto Stock Exchange’s S&P/TSX Composite Index
Recent swings are closer don’t reward strong companies months of the year, the best first closed up 0.17 per cent, at 15,300.38. It was the third straight day
or punish those that are weak. By quarter since 2009, according to that the index has ended modestly higher. The largest per-
to what is considered one measure, total assets in index Bloomberg News’s Lu Wang. centage gainer on the TSX was Aphria, which rose 7.4 per cent,
normal for the market, funds and ETFs have soared to Somewhere along the line, the while the largest decliner was Enerflex, down 6.9 per cent.
and that’s good news US$6.6-trillion. The spread of this word “volatility” became code for
blind approach to investing led a declining stock market. The re-
the analysts at Sanford C. Bern- ality is that rising volatility as U.S. STOCKS
ROBERT BURGESS stein & Co. to publish a research measured by the CBOE Volatility U.S. stocks closed higher, with the biggest boosts coming from
report in 2016 with the title The Si- Index, or VIX, “is only a reflection the technology and health-care sectors as investors were opti-
lent Road to Serfdom: Why Pas- of volatile movements in the mistic about earnings season and appeared less worried
OPINION sive Investing is Worse Than market – it is not a predictor of fu- about U.S.-led missile attacks in Syria.
Marxism. They wrote that “a sup- ture returns,” David Kotok, the Netflix shares gained about 7 per cent after close following
Editor of Bloomberg Prophets posedly capitalist economy head of Cumberland Advisors, its quarterly report. Its subscriber growth beat analyst expec-
where the only investment is pas- wrote in a note on Friday to the tations. It had ended the regular session down 1.2 per cent.
ardly a day went by in 2017 sive is worse than either a central- wealth-management firm’s cli- UnitedHealth provided the second-biggest boost to the
CANADIAN PACIFIC RAIL (CP-TSX) COGECO (CCA-TSX) SOURCE ENERGY (SHLE-TSX) KRAFT HEINZ (KHC-NASDAQ) GOLDEN STAR (GSC-TSX)
CLOSE $226.38, UP $2.37 CLOSE $66.52, DOWN 3¢ CLOSE $5.08, DOWN 1¢ CLOSE US$61.19, UP 26¢ CLOSE 83¢, UNCHANGED
A rough winter is likely to take a Canaccord Genuity analyst Ara- With a “growing market share in Credit Suisse analyst Robert Mos- BMO Nesbitt Burns analyst An-
toll on the first-quarter operating vinda Galappatthige thinks Coge- a growth market,” Industrial Alli- kow downgraded Kraft Heinz Co. drew Breichmanas upgraded
metrics for Canadian Pacific Rail- co Communications Inc. is losing ance Securities analyst Elias Fos- by two levels to “underperform” Golden Star Resources Ltd. to
way Ltd., according to Desjardins ground with its Canadian cable colos initiated coverage of Source from “outperform,” expressing “outperform” from “market per-
Securities analyst Benoit Poirier. segment. “We advise investors to Energy Services Ltd. with a “buy” concern over its growth potential. form.” “Following further drill re-
He is projecting adjusted fully di- look for an attractive entry point rating “ 2017 has been a year of big “We harbor serious doubts about sults and the addition of inferred
luted earnings per share of $2.67, in the event of a further downtick changes for Source,” he said. the management team’s ability to resources, we consider the depth
lower than the Street’s expecta- in the stock or alternatively “Post an IPO and two transforma- generate sufficient product inno- potential at Wassa difficult to ig-
tion of $2.75 and a drop of 25 cents alongside improved returns from tional acquisitions, Source’s per- vation to grow its collection of nore and see value in the stock
year-over-year. the Canadian business,” he said. formance showed constant ‘retro’ brands in highly commod- even with a conservative view of
Target: With a “buy” rating, he Target: Mr. Galappatthige drop- strength and has set the stage for itized categories,” he said. Prestea performance going for-
lowered his target by a loonie to ped his target to $73 from $85 a strong year.” Target: He dropped his target to ward,” he said.
$254. Consensus is $252.50. with a “hold” rating. Consensus is Target: Mr. Foscolos set a $7 tar- US$55 from US$70, which is well Target: Mr. Breichmanas raised
$84.50 get, below the consensus of $9.75. below the consensus of US$75.61. his target to $1.50 from $1.25. Con-
sensus is $1.59.
РЕЛИЗ ПОДГОТОВИЛА ГРУППА "What's News" VK.COM/WSNWS
B12 MARKETS O THE GLOBE AND MAIL . | TUESDAY, APRIL 17, 2018
S&P/TSX COMPOSITE INDEX S&P 500 DOW JONES INDUSTRIAL AVERAGE S&P GLOBAL 100 INDEX
PAST 12 MONTHS PAST 12 MONTHS PAST 12 MONTHS PAST 12 MONTHS
15300.38 | 26.41 | 0.17 % | -1.51 % 1-YR | 194360 VOL(000) 2677.84 | 21.54 | 0.81 % | 14.98 % 1-YR 24573.04 | 212.90 | 0.87 % | 20.14 % 1-YR | 305067 VOL(000) 1880.31 | 6.82 | 0.36 % | 15.57 % 1-YR
TSX INDEXES AND SUB INDEXES TSX GAINERS TSX LOSERS TSX VOLUME
TOP 20 FOR STOCKS $1 OR MORE TOP 20 FOR STOCKS $1 OR MORE TOP 20 FOR STOCKS $1 OR MORE
CLOSE NET % VOL 1-YR CLOSE NET % VOL 1-YR CLOSE NET % VOL 1-YR CLOSE NET % VOL 1-YR
CHG CHG 000S %CHG CHG CHG 000S %CHG CHG CHG 000S %CHG CHG CHG 000S %CHG
TSX COMPOSITE IND 15300.38 26.41 0.17 194360 -1.51 MOGO MOGO FINANCE 3.96 0.46 13.14 190 1.54 HVU BETAPRO SP500 24.66 -2.84 -10.33 403 -75.17 AAR-UN PURE INDUS 8.07 -0.01 -0.12 11733 27.69
TSX 60 INDEX 901.87 1.88 0.21 68767 -1.31 SCU THE SECOND CU 4.05 0.44 12.19 242 170.00 AKT-B AKITA CL B 7.20 -0.80 -10.00 N-A -19.19 ACB AURORA CANNAB 8.93 0.20 2.29 11661 215.55
TSX COMPLETION IN 965.25 0.62 0.06 125592 -2.13 CPH CIPHER PHARMA 4.72 0.50 11.85 50 11.06 AYM ATALAYA MININ 3.78 -0.42 -10.00 2 80.00 SPE SPARTAN ENERG 6.17 -0.02 -0.32 9831 -19.97
TSX SMALLCAP INDE 622.75 -1.30 -0.21 65638 -7.05 LXR LXRANDCO INC 2.30 0.20 9.52 90 -76.77 FTG FIRAN TECHNOL 2.18 -0.23 -9.54 102 -45.77 APH APHRIA INC 12.24 0.84 7.37 7709 69.76
TSX VENTURE COMPO 801.96 6.02 0.76 73541 -3.91 CMED CANNIMED THE 34.72 2.80 8.77 72 186.71 TI TITAN MINING C 1.20 -0.10 -7.69 159 -9.77 ECA ENCANA CORP 15.24 -0.01 -0.07 5430 -1.42
TSX CONSUMER DISC 208.21 0.53 0.26 6416 9.50 EFR ENERGY FUELS 2.48 0.19 8.30 333 -12.06 TOF-UN TAYLOR NOR 10.95 -0.91 -7.67 N-A -17.05 WEED CANOPY GROWT 30.90 1.06 3.55 4953 211.18
TSX CONSUMER STAP 509.78 0.81 0.16 2392 -4.96 APS APTOSE BIOSCI 4.50 0.34 8.17 73 243.51 HUV BETAPRO SP500 7.57 -0.61 -7.46 10 -40.86 BTE BAYTEX ENERGY 4.25 0.10 2.41 4885 -4.92
TSX ENERGY CAPPED 188.75 -3.16 -1.65 56347 -5.20 PMTS CPI CARD GRO 3.31 0.25 8.17 1 -87.02 EFX ENERFLEX LTD 15.48 -1.14 -6.86 376 -22.68 MFC MANULIFE FIN 23.46 0.27 1.16 4154 3.39
TSX FINANCIALS CA 287.32 0.58 0.20 19200 1.58 PCY PROPHECY DEVE 2.70 0.20 8.00 10 -28.95 RRX RAGING RIVER 6.16 -0.41 -6.24 2930 -28.37 BBD-B BOMBARDIER 3.70 0.06 1.65 3801 63.00
TSX HEALTH CARE C 84.83 1.60 1.92 27143 31.48 ASO AVESORO RESOU 4.96 0.36 7.83 16 24.00 VLE VALEURA ENERG 5.01 -0.33 -6.18 660 615.71 CVE CENOVUS ENERG 12.47 -0.25 -1.97 3708 -12.55
TSX INDUSTRIALS C 235.43 1.80 0.77 9720 11.71 OGD ORBIT GARANT 2.37 0.17 7.73 7 21.54 FGE FORTRESS GLOB 3.05 -0.19 -5.86 1 -62.80 CPG CRESCENT POIN 9.75 -0.27 -2.69 3702 -31.53
TSX INFORMATION T 69.84 0.48 0.69 2672 16.93 CBL CALLIDUS CAPI 4.88 0.34 7.49 80 -72.29 DRX ADF GROUP INC 1.65 -0.10 -5.71 4 -36.54 RRX RAGING RIVER 6.16 -0.41 -6.24 2930 -28.37
TSX MATERIALS CAP 236.33 -0.49 -0.21 34253 -6.57 APH APHRIA INC 12.24 0.84 7.37 7709 69.76 TWC TWC ENTERPRIS 10.86 -0.64 -5.57 N-A 1.02 SU SUNCOR ENERGY 47.16 -0.56 -1.17 2822 15.90
TSX REAL ESTATE C 299.78 1.24 0.42 19131 -0.43 NXE NEXGEN ENERGY 2.48 0.17 7.36 869 -22.98 CLQ CLEAN TEQ HOL 1.06 -0.06 -5.36 389 -35.37 CCO CAMECO CORP 12.88 0.37 2.96 2820 -13.09
TSX GLOBAL GOLD I 189.36 -0.90 -0.47 45647 -14.35 DCM DATA COMMUNIC 1.73 0.11 6.79 89 -29.39 TVA-B TVA GROUP I 3.25 -0.18 -5.25 1 -8.96 ATH ATHABASCA OIL 1.36 -0.04 -2.86 2585 -6.21
TSX GLOBAL MINING 71.11 -0.44 -0.61 103495 6.02 LIF LABRADOR IRON 22.56 1.34 6.31 253 31.16 OPT OPTIVA INC 51.87 -2.73 -5.00 N-A -0.73 YRI YAMANA GOLD I 3.69 0.02 0.54 2520 -11.30
TSX INCOME TRUST 194.45 0.79 0.41 19512 -2.57 AEZS AETERNA ZENT 1.86 0.11 6.29 7 -53.27 ESI ENSIGN ENERGY 5.88 -0.30 -4.85 209 -21.81 ELD ELDORADO GOLD 1.21 0.01 0.83 2496 -75.46
TSX PREFERRED SHA 704.51 -0.47 -0.07 1232 -0.95 ZJN BMO JUNIOR GA 15.15 0.87 6.09 N-A -10.88 ARX ARC RESOURCES 13.93 -0.70 -4.78 1618 -24.00 CMMC COPPER MOUNT 1.28 0.06 4.92 2311 30.61
TSX TELECOM SERVI 154.94 0.85 0.55 2035 -5.28 XDC XTREME DRILLI 2.00 0.11 5.82 74 -13.04 DNA DALRADIAN RES 1.07 -0.05 -4.46 34 -20.15 VET VERMILION ENE 42.75 -1.29 -2.93 2225 -14.53
TSX UTILITIES CAP 229.00 1.18 0.52 4692 -8.71 EPS EPSILON ENERG 2.58 0.14 5.74 6 -9.47 BNP BONAVISTA ENE 1.29 -0.06 -4.44 1005 -60.06 BIR BIRCHCLIFF EN 4.12 -0.16 -3.74 2080 -44.92
CLOSE NET % VOL 1-YR CLOSE NET % VOL 1-YR CLOSE NET % VOL 1-YR CLOSE NET % VOL 1-YR
CHG CHG 000S %CHG CHG CHG 000S %CHG CHG CHG 000S %CHG CHG CHG 000S %CHG
BOS AIRBOSS AMERI 14.06 0.23 1.66 27 13.20 HNL HORIZON NORTH 2.37 -0.05 -2.07 258 28.11 DRX ADF GROUP INC 1.65 -0.10 -5.71 4 -36.54 UCD-UN FA MORNING 8.70 -0.09 -1.02 N-A -9.66
BCE-PR-F BCE 1ST 20.73 -0.05 -0.24 2 17.92 MFC-PR-Q MANULIFE 25.37 -0.01 -0.04 62 1.72 ALA-PR-I ALTAGAS 25.25 -0.17 -0.67 N-A -3.40 FTG FIRAN TECHNOL 2.18 -0.23 -9.54 102 -45.77
CWL CALDWELL PART 1.06 0.04 3.92 1648 -7.02 OSB NORBORD INC 51.45 0.11 0.21 334 28.82 ALA-PR-K ALTAGAS 24.98 -0.06 -0.24 1 -4.36 ISV INFORMATION S 16.79 -0.26 -1.52 13 -11.26
CAL CALEDONIA MIN 11.10 0.19 1.74 911965.22 PBH PREMIUM BRAND 121.41 0.56 0.46 180 43.10 BCE BCE INC 54.18 0.29 0.54 1116 -10.99 KFS KINGSWAY FIN 4.80 -0.06 -1.23 N-A -34.52
DIR-UN DREAM INDU 9.94 0.11 1.12 714 18.76 PINV PURPOSE GLOB 20.19 0.00 0.00 1 0.00 BAM-PR-M BROOKFIE 20.91 0.03 0.14 8 -9.95 L LOBLAW CO 63.44 0.15 0.24 190 -11.26
FVI FORTUNA SILVE 7.08 0.04 0.57 402 1.43 RY-PR-I ROYAL BAN 25.28 0.13 0.52 2 1.12 PMTS CPI CARD GRO 3.31 0.25 8.17 1 -87.02 MPVD MOUNTAIN PRO 3.10 0.01 0.32 240 -31.87
GTE GRAN TIERRA E 3.78 -0.03 -0.79 779 8.00 TVK TERRAVEST CAP 10.14 -0.06 -0.59 29 5.96 CHE-UN CHEMTRADE 15.09 0.14 0.94 123 -19.73 OPT OPTIVA INC 51.87 -2.73 -5.00 N-A -0.73
GWO-PR-M GREAT WE 26.65 0.06 0.23 7 1.76 SCU THE SECOND CU 4.05 0.44 12.19 242 170.00 CTF-UN CITADEL IN 3.30 -0.01 -0.30 2 -5.98 QSR RESTAURANT BR 68.76 -0.66 -0.95 965 -8.05
GWO-PR-L GREAT-WE 26.27 0.03 0.11 4 0.88 YGR YANGARRA RESO 5.70 0.06 1.06 415 106.52 CDD-UN CORE CANAD 6.00 -0.15 -2.44 N-A -10.45 QSP-UN RESTAURANT 68.98 -2.57 -3.59 N-A -7.87
DHX-B DHX MEDIA L 3.69 -0.05 -1.34 509 -36.05 RCH RICHELIEU HAR 27.50 -0.79 -2.79 109 -5.07
DF DIVIDEND 15 SP 5.80 -0.25 -4.13 95 -26.95 TRL TRILOGY INTER 4.75 -0.08 -1.66 88 -51.03
CLOSE NET % VOL 1-YR CLOSE NET % VOL 1-YR CLOSE NET % VOL 1-YR CLOSE NET % VOL 1-YR
CHG CHG 000S %CHG CHG CHG 000S %CHG CHG CHG 000S %CHG CHG CHG 000S %CHG
AAV ADVANTAGE OIL 3.91 -0.18 -4.40 1216 -55.42 CUF-UN COMINAR R 12.52 0.27 2.20 738 -14.36 ITP INTERTAPE POL 19.95 0.61 3.15 120 -14.30 RRX RAGING RIVER 6.16 -0.41 -6.24 2930 -28.37
ARE AECON GROUP I 18.18 -0.03 -0.16 93 9.52 CMG COMPUTER MODE 9.66 0.12 1.26 51 -9.13 IVN IVANHOE MINES 2.71 -0.07 -2.52 506 -48.38 QSR RESTAURANT BR 68.76 -0.66 -0.95 965 -8.05
AEM AGNICO EAGLE 56.79 0.26 0.46 555 -8.59 CSU CONSTELLATION 878.59 20.79 2.42 41 39.46 REI-UN RIOCAN REA 23.44 0.21 0.90 1063 -10.94
AC AIR CANADA 25.19 0.44 1.78 1151 91.85 CJR-B CORUS ENTER 6.64 0.00 0.00 400 -48.17 PJC-A JEAN COUTU 24.61 0.03 0.12 106 17.13 RBA RITCHIE BROS 41.80 0.10 0.24 103 2.25
ASR ALACER GOLD C 2.08 -0.04 -1.89 190 -17.46 BCB COTT CORP 18.33 0.07 0.38 109 8.72 RCI-B ROGERS COMM 57.23 0.47 0.83 554 -5.26
AGI ALAMOS GOLD I 7.10 -0.10 -1.39 385 -35.16 CPG CRESCENT POIN 9.75 -0.27 -2.69 3702 -31.53 KEL KELT EXPLORAT 7.70 0.02 0.26 452 5.77 RY ROYAL BANK OF 96.39 0.33 0.34 1233 1.86
AD ALARIS ROYALTY 16.86 0.34 2.06 230 -24.26 CRR-UN CROMBIE RE 12.45 0.04 0.32 325 -14.73 KEY KEYERA CORP 35.17 0.31 0.89 318 -8.70 RUS RUSSEL METALS 27.85 0.04 0.14 75 6.38
AQN ALGONQUIN POW 12.33 0.09 0.74 1147 -3.90 KMP-UN KILLAM APA 13.80 -0.03 -0.22 289 6.15
ATD-B ALIMENTATIO 53.52 -0.47 -0.87 581 -11.97 DSG DESCARTES SYS 36.91 0.18 0.49 95 23.73 KXS KINAXIS INC 82.77 1.26 1.55 27 8.55 SMF SEMAFO J 3.83 -0.02 -0.52 432 -6.59
AP-UN ALLIED PROP 42.10 0.30 0.72 224 12.42 DGC DETOUR GOLD C 14.80 0.21 1.44 599 -17.23 KML KINDER MORGAN 17.37 0.13 0.75 751 6.96 SSL SANDSTORM GOL 5.93 -0.07 -1.17 175 -1.00
ALA ALTAGAS LTD 25.04 0.26 1.05 337 -19.04 DOL DOLLARAMA INC 149.10 0.08 0.05 149 27.44 K KINROSS GOLD CO 4.81 -0.02 -0.41 1799 -4.94 SAP SAPUTO INC 41.20 0.11 0.27 215 -11.13
AIF ALTUS GROUP L 32.07 -0.01 -0.03 20 5.25 DII-B DOREL INDUS 29.69 0.28 0.95 18 -6.22 KL KIRKLAND LAKE 21.32 -0.14 -0.65 375 105.39 SES SECURE ENERGY 7.69 -0.18 -2.29 199 -22.17
APH APHRIA INC 12.24 0.84 7.37 7709 69.76 DRG-UN DREAM GLOB 13.85 0.04 0.29 686 41.33 GUD KNIGHT THERAP 7.79 0.00 0.00 71 -24.44 VII SEVEN GENERAT 16.43 -0.62 -3.64 693 -33.62
ARX ARC RESOURCES 13.93 -0.70 -4.78 1618 -24.00 D-UN DREAM OFFICE 23.75 0.19 0.81 345 19.17 SJR-B SHAW COMMUN 26.33 0.05 0.19 1484 -7.19
AX-UN ARTIS REAL 13.63 0.05 0.37 465 1.49 LIF LABRADOR IRON 22.56 1.34 6.31 253 31.16 SCL SHAWCOR LTD 25.00 -0.78 -3.03 36 -34.40
ACO-X ATCO LTD CL 41.26 0.39 0.95 89 -18.49 ECN ECN CAPITAL C 3.54 0.04 1.14 725 -5.85 LB LAURENTIAN BAN 47.35 0.11 0.23 117 -16.93 SHOP SHOPIFY INC 146.78 -1.22 -0.82 193 55.73
ATA ATS AUTOMATIO 17.29 0.01 0.06 184 35.08 ELD ELDORADO GOLD 1.21 0.01 0.83 2496 -75.46 LNR LINAMAR CORP 72.39 -0.54 -0.74 110 32.83 SIA SIENNA SENIOR 18.03 0.12 0.67 169 3.03
ACB AURORA CANNAB 8.93 0.20 2.29 11661 215.55 EFN ELEMENT FLEET 4.63 0.01 0.22 1357 -61.77 L LOBLAW CO 63.44 0.15 0.24 190 -11.26 SW SIERRA WIRELES 20.94 0.05 0.24 84 -37.14
EMA EMERA INCORPO 40.45 0.32 0.80 314 -14.57 LUC LUCARA DIAMON 2.00 -0.06 -2.91 426 -36.51 ZZZ SLEEP COUNTRY 34.75 0.27 0.78 36 -0.40
BTO B2GOLD CORP 3.60 0.00 0.00 1690 -6.25 EMP-A EMPIRE COMP 24.20 -0.07 -0.29 335 20.28 LUN LUNDIN MINING 7.96 -0.06 -0.75 1267 8.45 SRU-UN SMARTCENTR 28.94 0.04 0.14 367 -11.90
BCE BCE INC 54.18 0.29 0.54 1116 -10.99 ENB ENBRIDGE INC 41.00 0.61 1.51 1958 -27.16 SNC SNC-LAVALIN S 55.08 0.95 1.76 293 3.26
BAD BADGER DAYLIG 26.22 0.45 1.75 106 -27.23 ENF ENBRIDGE INCO 28.02 0.10 0.36 280 -16.76 MAG MAG SILVER CO 13.81 0.01 0.07 425 -24.41 SPE SPARTAN ENERG 6.17 -0.02 -0.32 9831 -19.97
BMO BANK OF MONTR 95.17 0.30 0.32 603 -2.27 ECA ENCANA CORP 15.24 -0.01 -0.07 5430 -1.42 MG MAGNA INTERNAT 76.60 0.88 1.16 668 45.13 TOY SPIN MASTER C 46.73 -1.27 -2.65 149 20.59
BNS BANK OF NOVA 76.47 0.00 0.00 1155 0.63 EDV ENDEAVOUR MIN 22.05 -0.08 -0.36 282 -16.19 MFC MANULIFE FIN 23.46 0.27 1.16 4154 3.39 SSRM SSR MINING I 12.72 0.04 0.32 183 -14.00
ABX BARRICK GOLD 16.37 -0.22 -1.33 1879 -38.04 ECI ENERCARE INC 17.65 0.43 2.50 290 -15.06 MFI MAPLE LEAF FO 32.08 1.36 4.43 261 0.41 STN STANTEC INC 31.50 0.10 0.32 105 -9.92
BTE BAYTEX ENERGY 4.25 0.10 2.41 4885 -4.92 EFX ENERFLEX LTD 15.48 -1.14 -6.86 376 -22.68 MRE MARTINREA INT 15.80 0.06 0.38 58 71.74 SJ STELLA JONES I 45.20 -0.28 -0.62 40 6.70
BIR BIRCHCLIFF EN 4.12 -0.16 -3.74 2080 -44.92 ERF ENERPLUS CORP 14.39 -0.54 -3.62 1089 37.44 MAXR MAXAR TECHNO 56.09 -0.61 -1.08 151 -22.43 SLF SUN LIFE FINA 51.20 0.28 0.55 721 9.66
BB BLACKBERRY LIM 13.22 -0.01 -0.08 713 14.76 ENGH ENGHOUSE SYS 66.85 1.84 2.83 65 16.99 MEG MEG ENERGY CO 5.99 -0.10 -1.64 1331 -12.04 SU SUNCOR ENERGY 47.16 -0.56 -1.17 2822 15.90
BEI-UN BOARDWALK 44.17 0.69 1.59 136 -6.38 ESI ENSIGN ENERGY 5.88 -0.30 -4.85 209 -21.81 MX METHANEX CORP 85.01 1.43 1.71 461 39.43 SPB SUPERIOR PLUS 13.05 -0.05 -0.38 382 0.69
BBD-B BOMBARDIER 3.70 0.06 1.65 3801 63.00 EIF EXCHANGE INCO 31.34 0.55 1.79 80 -18.22 MRU METRO INC 41.62 0.11 0.26 249 0.02
BLX BORALEX INC 22.29 0.08 0.36 85 4.60 EXE EXTENDICARE I 8.75 0.12 1.39 112 -15.05 MNW MITEL NETWORK 12.10 0.08 0.67 35 33.55 THO TAHOE RESOURC 6.43 0.01 0.16 283 -46.55
BYD-UN BOYD GROUP 110.13 1.28 1.18 14 32.26 MSI MORNEAU SHEPE 25.48 0.04 0.16 42 25.89 TECK-B TECK RESOU 32.85 -0.73 -2.17 1420 12.04
BAM-A BROOKFIELD 49.23 -0.08 -0.16 821 1.63 FFH FAIRFAX FINAN 673.00 -2.00 -0.30 74 10.33 MTL MULLEN GROUP 15.12 -0.34 -2.20 56 -10.05 T TELUS CORP 44.58 0.13 0.29 364 0.29
BBU-UN BROOKFIELD 48.12 -0.48 -0.99 42 48.98 FTT FINNING INTL 31.28 -0.14 -0.45 110 29.74 TFII TFI INTERNAT 33.89 -0.06 -0.18 125 14.11
BIP-UN BROOKFIELD 51.85 -0.11 -0.21 101 -0.52 FCR FIRST CAPITAL 20.41 0.02 0.10 150 1.19 NA NATIONAL BANK 59.19 0.50 0.85 1123 8.45 NWC THE NORTH WES 27.71 0.32 1.17 81 -13.19
BPY-UN BROOKFIELD 23.86 -0.04 -0.17 269 -21.02 FR FIRST MAJESTIC 8.27 -0.10 -1.19 521 -33.73 NSU NEVSUN RES J 3.36 0.05 1.51 1330 1.51 TSGI THE STARS GR 35.23 -0.13 -0.37 308 54.31
BEP-UN BROOKFIELD 39.01 0.14 0.36 109 -4.97 FM FIRST QUANTUM 16.73 -0.34 -1.99 1850 18.99 NFI NEW FLYER IND 59.51 0.34 0.57 106 19.64 TRI THOMSON REUTE 49.50 -0.01 -0.02 421 -12.90
DOO BRP INC 52.83 0.78 1.50 143 62.55 FSV FIRSTSERVICE 89.14 -0.13 -0.15 22 11.87 NGD NEW GOLD INC 3.05 0.01 0.33 547 -31.00 X TMX GROUP LIMIT 76.71 0.86 1.13 59 5.56
FTS FORTIS INC 42.27 0.30 0.71 543 -4.69 NXE NEXGEN ENERGY 2.48 0.17 7.36 869 -22.98 TOG TORC OIL AND 6.73 -0.07 -1.03 544 3.70
CAR-UN CDN APARTM 37.67 0.25 0.67 482 10.63 FVI FORTUNA SILVE 7.08 0.04 0.57 402 1.43 OSB NORBORD INC 51.45 0.11 0.21 334 28.82 TXG TOREX GOLD RE 13.13 0.26 2.02 478 -50.25
CNQ CDN NATURAL R 43.55 -0.75 -1.69 1603 -1.80 FNV FRANCO-NEVADA 89.82 0.32 0.36 509 -2.83 NPI NORTHLAND POW 22.92 0.16 0.70 142 -6.75 TIH TOROMONT IND 55.66 -0.28 -0.50 68 21.32
REF-UN CDN REAL E 50.80 0.13 0.26 376 2.98 FRU FREEHOLD ROYA 12.97 -0.39 -2.92 336 -6.08 NVU-UN NORTHVIEW 25.84 0.22 0.86 175 14.08 TD TORONTO-DOMINI 69.76 -0.14 -0.20 2046 7.54
CWB CDN WESTERN B 32.96 -0.32 -0.96 191 16.34 NG NOVAGOLD RES I 5.86 0.00 0.00 84 -6.69 TOU TOURMALINE OI 22.33 -0.64 -2.79 596 -21.95
GIB-A CGI GROUP I 72.91 0.18 0.25 338 17.50 MIC GENWORTH MI C 38.67 -0.23 -0.59 120 11.67 NTR NUTRIEN LTD 58.87 0.03 0.05 356 -14.68 TA TRANSALTA CORP 6.88 0.07 1.03 506 -8.27
CAE CAE INC 24.50 0.15 0.62 165 21.41 GEI GIBSON ENERGY 16.99 0.09 0.53 166 -12.74 NVA NUVISTA ENERG 7.74 -0.06 -0.77 261 18.35 RNW TRANSALTA REN 11.68 0.03 0.26 142 -27.45
CCO CAMECO CORP 12.88 0.37 2.96 2820 -13.09 GIL GILDAN ACTIVE 37.18 0.28 0.76 327 3.28 TRP TRANSCANADA C 54.07 0.68 1.27 1210 -14.78
GOOS CANADA GOOSE 43.07 0.25 0.58 129 99.86 G GOLDCORP INC 18.05 -0.07 -0.39 1158 -11.99 OGC OCEANAGOLD CO 3.51 0.01 0.29 838 -21.65 TCL-A TRANSCONTIN 26.39 -0.08 -0.30 91 8.69
CM CANADIAN IMPER 110.52 0.41 0.37 1488 -1.47 GTE GRAN TIERRA E 3.78 -0.03 -0.79 779 8.00 ONEX ONEX CORP 92.56 0.59 0.64 190 -4.22 TCW TRICAN WELL 3.11 -0.03 -0.96 830 -26.48
CNR CANADIAN NATI 94.74 0.98 1.05 1030 -2.58 GRT-UN GRANITE RE 50.44 0.35 0.70 150 4.82 OTEX OPEN TEXT CO 43.47 0.41 0.95 188 -2.07 TCN TRICON CAPITA 10.23 -0.08 -0.78 268 -8.17
CP CANADIAN PACIF 226.38 2.37 1.06 255 13.22 GC GREAT CANADIAN 34.84 0.54 1.57 75 43.61 OR OSISKO GOLD RO 12.69 0.05 0.40 354 -15.51 TRQ TURQUOISE HIL 3.84 0.00 0.00 885 -0.52
CTC-A CANADIAN TI 168.05 -0.12 -0.07 93 3.12 GWO GREAT-WEST LI 32.94 0.05 0.15 395 -8.09
CU CANADIAN UTILI 34.78 0.09 0.26 257 -10.89 GUY GUYANA GOLDFI 5.05 0.10 2.02 304 -31.85 PAAS PAN AMERICAN 20.92 -0.04 -0.19 128 -16.98 UNS UNI SELECT IN 19.84 0.11 0.56 73 -43.04
CFP CANFOR CORP 29.97 -0.27 -0.89 114 59.08 POU PARAMOUNT RES 15.46 -0.52 -3.25 444 -13.68
WEED CANOPY GROWT 30.90 1.06 3.55 4953 211.18 HR-UN H&R REAL ES 20.61 0.05 0.24 812 -11.51 PXT PAREX RESOURC 19.80 -0.18 -0.90 279 12.82 VRX VALEANT PHARM 21.63 0.01 0.05 1057 71.12
CPX CAPITAL POWER 24.56 0.20 0.82 90 -0.32 HCG HOME CAPITAL 13.73 -0.26 -1.86 262 -36.73 PKI PARKLAND FUEL 29.13 0.13 0.45 206 1.32 VET VERMILION ENE 42.75 -1.29 -2.93 2225 -14.53
CAS CASCADES INC 13.81 0.11 0.80 133 -8.60 HBM HUDBAY MINERA 8.96 -0.11 -1.21 1500 7.43 PSI PASON SYSTEMS 17.92 -0.34 -1.86 26 -9.59
CCL-B CCL INDUSTR 64.67 0.86 1.35 183 9.55 HBC HUDSONS BAY C 8.98 -0.03 -0.33 111 -25.35 PPL PEMBINA PIPEL 40.98 0.61 1.51 1340 -7.16 WSP WSP GLOBAL IN 61.31 -0.93 -1.49 408 29.07
CLS CELESTICA INC 12.97 0.06 0.46 130 -31.63 HSE HUSKY ENERGY 18.32 -0.25 -1.35 1023 18.19 PEY PEYTO EXPLORA 11.00 -0.41 -3.59 830 -58.55 WCN WASTE CONNECT 92.23 0.59 0.64 312 18.58
CVE CENOVUS ENERG 12.47 -0.25 -1.97 3708 -12.55 H HYDRO ONE LIMIT 20.92 0.04 0.19 492 -14.33 POW POWER CORPORA 29.01 0.04 0.14 450 -4.98 WFT WEST FRASER T 91.51 0.43 0.47 259 57.78
CG CENTERRA GOLD 7.74 0.11 1.44 476 3.48 PWF POWER FINANCI 31.78 0.11 0.35 374 -5.75 WEF WESTERN FORES 2.73 0.00 0.00 369 28.17
CEU CES ENERGY SO 6.25 -0.15 -2.34 351 -13.07 IMG IAMGOLD CORP 7.03 0.01 0.14 1034 18.95 PSK PRAIRIESKY RO 29.63 -0.19 -0.64 285 2.42 WJA WESTJET AIRLI 22.83 0.26 1.15 438 -0.39
CSH-UN CHARTWELL 15.27 0.22 1.46 478 -1.99 IGM IGM FINANCIAL 36.89 0.20 0.55 164 -6.54 PD PRECISION DRIL 3.79 -0.10 -2.57 1218 -39.36 WN WESTON GEORGE 102.42 0.30 0.29 79 -11.39
CHE-UN CHEMTRADE 15.09 0.14 0.94 123 -19.73 IMO IMPERIAL OIL 36.96 -0.09 -0.24 337 -7.72 PBH PREMIUM BRAND 121.41 0.56 0.46 180 43.10 WTE WESTSHORE TER 23.63 0.23 0.98 162 -9.77
CHR CHORUS AVIATI 8.23 -0.03 -0.36 196 10.62 IAG INDUSTRIAL AL 51.41 -0.16 -0.31 214 -6.36 PVG PRETIUM RESOU 8.74 -0.30 -3.32 541 -40.58 WPM WHEATON PRECI 26.80 0.02 0.07 525 -7.97
CIX CI FINANCIAL 26.72 0.00 0.00 353 0.94 INE INNERGEX RENE 13.79 0.60 4.55 285 -6.51 AAR-UN PURE INDUS 8.07 -0.01 -0.12 11733 27.69 WCP WHITECAP RESO 8.51 0.07 0.83 1698 -15.32
CGX CINEPLEX INC 30.67 0.01 0.03 75 -39.92 IFC INTACT FINANC 95.81 -0.19 -0.20 147 1.66 WPK WINPAK LTD 48.03 0.56 1.18 24 -9.33
CCA COGECO COMMUN 66.52 -0.03 -0.05 72 -12.45 IPL INTER PIPELIN 23.68 0.25 1.07 800 -15.85 QBR-B QUEBECOR IN 24.18 0.08 0.33 672 16.81
CIGI COLLIERS INT 88.15 0.09 0.10 26 39.37 IFP INTERFOR CORP 24.63 -0.13 -0.53 111 26.24 YRI YAMANA GOLD I 3.69 0.02 0.54 2520 -11.30
CLOSE NET % VOL 1-YR CLOSE NET % VOL 1-YR TERM YIELD CHG CAD USD AUD EUR GBP JPY CHF
CHG CHG 000S %CHG CHG CHG 000S %CHG
2-YEAR TREASURY 1.86 -0.02 CAD - 0.7956 1.0225 0.6426 0.5548 85.220 0.7636
DFE DESJARDINS EM 19.61 -0.65 -3.21 255 -1.95 HVI BETAPRO SP500 2.14 0.06 2.88 235 -80.55 5-YEAR TREASURY 2.09 -0.04 USD 1.2566 - 1.2849 0.8077 0.6974 107.11 0.9597
DLR-U HORIZONS US 9.96 -0.01 -0.10 150 0.10 HVU BETAPRO SP500 24.66 -2.84 -10.33 403 -75.17 10-YEAR TREASURY 2.23 -0.04 AUD 0.9776 0.7778 - 0.6283 0.5425 83.324 0.7466
DLR HORIZONS US D 12.53 -0.03 -0.24 152 -5.43 HXT HORIZONS SP T 31.71 0.07 0.22 347 1.67 30-YEAR TREASURY 2.34 -0.04 EUR 1.5555 1.2379 1.5907 - 0.8634 132.60 1.1881
FIE ISHARES CDN F 7.22 0.01 0.14 134 -1.90 VGRO VANGUARD GRO 24.15 0.04 0.17 127 -1.91 GBP 1.8014 1.4336 1.8424 1.1578 - 153.57 1.3759
HGD BETAPRO CDN G 9.80 0.05 0.51 196 29.80 XEG ISHARES SP TS 12.01 -0.19 -1.56 1512 -5.06 JPY 0.0117 0.0093 0.0120 0.0075 0.0065 - 0.8959
HGU BETAPRO CDN G 11.38 -0.03 -0.26 321 -39.01 XFN ISHARES SP TS 36.05 0.05 0.14 429 1.46 RATES RATE CHG CHF 1.3089 1.0417 1.3382 0.8414 0.7265 111.58 -
HMMJ HORIZONS MAR 17.02 0.42 2.53 664 56.29 XGD ISHARES S&P/T 11.85 -0.05 -0.42 360 -14.50
HND BETAPRO NAT G 14.50 -0.16 -1.09 284 41.46 XIC ISHARES CORE 24.30 0.02 0.08 264 -1.26 BOFC OVERNIGHT TARGET 1.25 UNCH
HNU BETAPRO NAT G 3.74 0.05 1.36 971 -56.00 XIU ISHARES SP TS 22.70 0.05 0.22 1637 -1.26 CANADIAN PRIME 3.45 UNCH
HOD BETAPRO CRUDE 5.60 0.13 2.38 1417 -42.03 XRE ISHARES SP TS 16.65 0.09 0.54 197 -0.06 Source: wires
HOU BETAPRO CRUDE 10.02 -0.25 -2.43 945 28.63 XSP ISHARES CORE 30.36 0.23 0.76 259 13.84
HSD BETAPRO SP500 4.35 -0.08 -1.81 178 -29.27 ZUB BMO EQL WGT U 29.75 0.03 0.10 129 21.68
U.S.
TUESDAY, APRIL 17, 2018 | THE GLOBE AND MAIL . O REPORT ON BUSINESS | B13
SPORTS
Toronto FC hopes to The Winnipeg Jets vow
kick off an era of MLS to come back strong
domination with win from Game 3 loss to
in CONCACAF final B18 the Minnesota Wild B14
B14 HOCKEY O THE GLOBE AND MAIL . | TUESDAY, APRIL 17, 2018
TUESDAY, APRIL 17, 2018 | THE GLOBE AND MAIL . O REPORT ON BUSINESS | B15
Raptors forward Serge Ibaka rears up in front of the net to block Washington Wizards guard Bradley Beal at Air Canada Centre on Saturday. NATHAN DENETTE/THE CANADIAN PRESS
Ibaka: ‘He’s been through the fire, you can’t put a dollar value on that’
FROM B13 Brooks will surely make Game he can step out and shoot a three, can lean on the experience of a
2 adjustments to better account he can dunk,” Lowry said. In addition to his player who has been in 100 play-
“When I play with [Jonas Valanci- for Ibaka, whom he had coached “He gives us something that we off games and gone all the way to
unas] in the paint, we understand on the Oklahoma City Thunder haven’t had. proficient three-point the NBA finals – in 2012 with the
each other more now. It feels from 2009-2016. “We had Patrick Patterson, shooting, the Thunder.
more normal now,” Ibaka said. During that time, Ibaka had who could do some of the things, Raptors can lean on “He’s played in so many play-
The Raptors shot 16 three- twice been the league’s leading but not on the defensive end. He off games when he was at OKC,
the experience of a just the experience of being
pointers in the Game 1 win, and blocker and made the NBA all-de- could shoot the ball as well as
Ibaka accounted for three of fensive first team three times. Serge, but Serge has given us that player who has been around a guy like [Russell] West-
those on just four attempts, caus- Back then, though, he wasn’t consistency to shoot the ball well in 100 playoff brook and [James] Harden, [Ke-
ing Wizards coach Scott Brooks to shooting threes at the same clip and do it on the defensive end al- games. vin] Durant,” Casey said.
call him “one of the best – if not he is now. so.” “He’s been through the fire.
the best – big-man shooter in the “He’s a guy who gives us defen- In addition to his proficient You can’t put a dollar value on
league.” sive versatility. He can shot-block, three-point shooting, the Raptors that.”
B16 | REPORT ON BUSINESS O THE GLOBE AND MAIL . | TUESDAY, APRIL 17, 2018
TUESDAY, APRIL 17, 2018 | THE GLOBE AND MAIL . O REPORT ON BUSINESS | B17
After slogging through just a few miles of icy rain and a near-
gale headwind that made her feel as though she was running
in place, Desiree Linden decided she’d seen enough of the
Boston Marathon for another year.
“My hands were freezing, and there are times where you
were just stood up by the wind. It was comical how slow you
were going, and how far you still had to go,” Linden said.
“At six miles I was thinking, ‘No way, this is not my day.’ ”
she said. “Then you break the tape and you’re like, ‘This is not
what I expected today.’ ”
A two-time Olympian and the 2011 Boston Marathon run-
ner-up, Linden decided to stick around, outlasting the weath-
er and the rest of the field to win the race’s 122nd edition on
Monday in 2 hours 39 minutes 54 seconds. That was more than
four minutes better than second-place finisher Sarah Sellers
but the slowest time for a women’s winner in Boston since
1978.
Yuki Kawauchi splashed through the pelting rain, chilly
temperatures and wind that gusted as high as 50 kilometres
an hour to win the men’s race, passing defending champion
Geoffrey Kirui in Kenmore
Square to earn Japan’s first Bos-
Krista DuChene of Canada crosses the finish line in third place at the Boston Marathon on Monday. The mother
of three finished in 2:44:20 while contending with strong wind and rain. RYAN MCBRIDE/GETTY IMAGES
ton title since 1987 and the
US$150,000 first prize.
Wearing a white windbreaker
2:39:54
that was drenched and billowing Desiree Linden’s winning
in the wind, Kirui slowed and time.
stumbled across the Copley
Canadian Krista DuChene finishes Square finish line in second, 2:25
back, followed by Shadrack Bi-
third in women’s Boston Marathon wott and three other U.S. men.
The winning time of 2:15:58 was 1985
the slowest since Jack Fultz over-
came high temperatures to win
DAN RALPH when she crossed the finish line. smile on my face.” the “Run for the Hoses” in 1976. The last time an American
“My goodness, I never thought DuChene said she ran Mon- Runners donned hats and ex- woman won the Boston
I’d place third at the Boston Mar- day’s race for her family – 12-year- tra layers, and the lead packs Marathon.
Mother Nature offered Canadian athon so, yes, it definitely exceed- old Micah, Seth, 10, and Leah, 7 — tried to draft off the media truck
Krista DuChene a competitive ed my expectations,” she said. “I but also the victims of the April 6 to avoid the rain that was hitting them horizontally at times.
advantage Monday at the 2018 knew I was strong and my plan bus crash involving the Hum- Wheelchair winners Marcel Hug of Switzerland and American
Boston Marathon. was to roll with the hills when boldt Broncos junior hockey Tatyana McFadden, both five-time champions, said they were
The 41-year-old from Strathroy, they came and to mentally tell team. Sixteen people were killed unable to see through the spray that spun off their wheels.
Ont., battled a steady headwind myself the race wouldn’t start un- and another 13 injured as a result On the fifth anniversary of the finish-line explosions that
exceeding 40 kilometres an hour til the hills started, so that was of the accident near Tisdale, Sask. killed three and wounded hundreds more, Linden became
and icy rain to finish third in the ideal for today. “Marathon running can be a the first American woman to win since Lisa Larsen Weiden-
women’s race. The mother of “My goal was as soon as I saw a good opportunity to draw upon bach in 1985 – before the race began offering prize money that
three, running in Boston after a woman to try and get her. See an- your emotions if you can channel lured the top international competitors to town.
13-year absence, finished the 26.2- other woman, try to get her. Over them properly,” DuChene said. Linden nearly ended the drought in 2011 when she was out-
mile (42.2 kilometre) race in 2 the last five kilometres, there “There’s a lot of emotional things kicked down Boylston Street and finished second by two sec-
hours 44 minutes 20 seconds. were so many women I passed I can channel to give me the ener- onds. This time she made the turn off of Hereford with a lead
American Desiree Linden won that I had no idea what hap- gy and knowing I’m from Cana- of more than half of a mile.
the event in 2:39:54, but DuChene pened when I finished. I was hop- da, and even if that message gets “Probably 2011 is what put the fear in me,” Linden said.
said the miserable weather con- ing I was top 10 but you’re just not to one person in Humboldt that I “That sprint battle is not super fun. It was nice to get it right
ditions played in her favour. doing the math because you just was thinking of them, that’s the down Boylston this time, that’s for sure.”
“Definitely, there’s no way I don’t know.” least I can do for them. A 34-year-old California native who lives in Michigan, Lin-
can beat so many of those wom- The only Canadian woman to “The day my husband and I den said she was so broken by the weather that she wanted to
en in the elite field on a good win the race was Jacqueline Ga- flew to Boston, we wore our jer- drop out after a couple of miles, but instead stuck around in
day,” DuChene said in a tele- reau in 1980. Canada also earned seys and put our sticks out on the case she could help one of her fellow Americans.
phone interview from Boston. “It a top-10 finish in the men’s event front porch and our kids wore When four-time Olympian and reigning New York City
was miserable. with Hamilton’s Reid Coolsaet their jerseys to school. At the air- Marathon champion Shalane Flanagan fell behind after need-
“Windy, cold, I think there was finishing ninth in 2:25:02 as Yuki port not many people knew in ing a bathroom break, Linden let her draft so she could catch
hail at the start, rain. It was a Kawauchi became the first Japa- the U.S. why we had jerseys on; up to the pack. Later, she helped Molly Huddle reconnect with
women’s-only start, so there was nese man to win the marathon they probably thought we were the group.
a time when I was with the since 1987. Canadians who loved hockey. “And it turned out I was in third, and I thought, ’Well, I prob-
group, but then for most of it I Initially disappointed with a That’s just one opportunity you ably shouldn’t drop out,” said Linden, who also earned
ran on my own. But our Canadian slow time, Coolsaet was pleasant- can be proud of your country and US$150,000.
winters prepare us for days like ly surprised he had achieved his in Humboldt everyone has come Sellers, who finished 4:10 behind, is a full-time nurse who
this.” goal of a top 10. together to help them, not just had to train before or after work – at 4 a.m. or 7 p.m. She said
The inclement weather also “That was rough and absolute people from the provinces but didn’t believe it when she was told she had finished second, or
forced DuChene, who was 35th in carnage,” Coolsaet said in an In- the whole world.” that she earned US$75,000.
the women’s marathon at the stagram post. “When I crossed Monday’s race was DuChene’s “Yeah, I’m in shock about that,” she said. It was the second
2016 Rio Olympics, to concen- the line I was happy it was over second in Boston but first since competitive marathon for Sellers, who was a distance runner
trate more on her placing than but pretty bummed that I was so 2005. Her time then was 3:00:46. at Weber State.
time. However, she had no idea slow. Five minutes later someone
of what she’d accomplished told me I was ninth and that put a THE CANADIAN PRESS THE ASSOCIATED PRESS
РЕЛИЗ ПОДГОТОВИЛА ГРУППА "What's News" VK.COM/WSNWS
B18 SOCCER O THE GLOBE AND MAIL . | TUESDAY, APRIL 17, 2018
Morocco’s
bid for 2026
World Cup
hides ban on
homosexuality
ROB HARRIS
TFC looks to get the ball rolling World Cups must be in environ-
ments free of “discrimination
based on sexual orientation,” FI-
B20 OBITUARIES O THE GLOBE AND MAIL . | TUESDAY, APRIL 17, 2018
M wood with his subversive touch, and twice directed already turning his attention to opportunities abroad.
movies that won the Oscar for best picture, died Fri-
day. He was 86.
When the Soviets invaded in August, 1968, Mr. Forman was
in Paris negotiating to make a Hollywood film. His first Amer-
His death in Connecticut was confirmed by Dennis Aspland, ican feature, a youth comedy called Taking Off, was released by
Mr. Forman’s agent, and by Vlastislav Malek, a representative Universal Pictures in 1971. It did so poorly, Mr. Forman later said,
with chiseled good looks along
Clint Eastwood lines. Marriage
and children came early in life.
His first marriage to the daughter
of an Italian diplomat (Rosama-
of his hometown, Caslav, in the Czech Republic. that he wound up owing the studio $500. ria) was a full-blown society affair
A native of what was then Czechoslovakia, Mr. Forman Through the early 1970s, Mr. Forman – a hearty bon vivant in El Salvador. Communicating in
moved to the United States in the late 1960s as a rebellious without means for the good life – went through a period of shared rudimentary Spanish and
young filmmaker whose satirical bent was little welcomed at self-described depression. For much of that time, he holed up courting across continents, their
home in the wake of the 1968 Soviet invasion. in New York’s Chelsea Hotel, sleeping through the days and relationship was as intuitive and
Just a few years later, Mr. Forman’s One Flew Over the Cuckoo’s communicating with émigré friends. illogical as love itself and resulted
Nest – a tragicomic story of revolt and repression in a mental By then, he had been married twice, first to an actress, Jana in three beloved children, Julian,
institution – won five Oscars, including those for best director Brejchova, then to another performer, Vera Kresadlova, who Steve and Michelle.
and best picture. had remained in Czechoslovakia with their two sons, Petr and His second marriage was to Pa-
The film put Mr. Forman in the front rank of those who Matej. tricia Fortier, for whom he de-
struggled to make big, commercial films with In addition to Petr and Matej, he leaves Marti- clared his “heart soared like a
countercultural sensibilities. His sympathy for na Formanova, his third wife; and his twin sons, hawk” and who, as a diplomat
the odd man out was always apparent, even as Raised by foster James and Andrew, with Formanova. herself, was his partner in profes-
his movies grew in scope. In his memoir, Mr. Forman said the producers sional and private life for more
Amadeus, a 1984 adaptation of Peter Shaffer’s parents, Mr. Forman of Cuckoo’s Nest, Michael Douglas and Saul than 30 years. Their marriage was
stage play, presented Wolfgang Amadeus Mozart attended film school Zaentz, sought him out because “I seemed to be sealed holidaying in Australia
as a genius who undermined authority with his in Prague, and first in their price range.” In fact, they had made a per- (while both were on posting in In-
art. Again, Oscars for best director and best pic- made his mark with fect match between filmmaker and material, in dia). They were subsequently
ture were among its many honours. this case a cult novel by Ken Kesey. “churched” in Patricia’s home
Still, Mr. Forman, by then a U.S. citizen, said his work on a film Jack Nicholson was the movie’s star. But Mr. town of Pine Falls, Man., where he
one of his greatest pleasures from the film and theatre Forman – who liked to coax star performances and his best man, Chris, kept the
–which was shot in Czechoslovakia – was the presentation at the out of lesser-known actors – did exactly that with bride waiting while they quaffed
communion wine with the priest.
chance to return in triumph to his homeland.
1958 Brussels World Louise Fletcher, who won an Oscar for her por-
“I’ve always done everything in my life to trayal of the dictatorial Nurse Ratched. Paul became an acknowledged
win,” Mr. Forman said of himself in a 1994 biog- Exhibition. Hair and Ragtime, which came next, left less leader in Canadian diplomacy
raphy, Turnaround: A Memoir, written with Jan impression, but kept Mr. Forman on the list of with the mantra, “Canada is a na-
Novak. directors whom executives were willing to trust with their tion of the Americas,” although a
Mr. Forman was caught up in the turmoil of German occupa- more sophisticated projects. In 1978, meanwhile, Mr. Forman friend attributed Paul’s diplomat-
tion not many years after his birth, in Caslav, on Feb. 18, 1932. joined Frantisek Daniel, another Czech, as co-director of the ic prowess to an uncanny ability
Both his mother, born Anna Suabova, and the man he believed film program at Columbia University’s school of the arts. to make slightly obscene puns in
to be his father, a teacher named Rudolf Forman, had been sep- It was for Mr. Zaentz that Mr. Forman next struck gold, with his by then perfect Spanish. As
arately seized by the Germans and killed in death camps. Amadeus. The film won eight Oscars and, Mr. Forman later ambassador to four Central
For years, Mr. Forman vaguely told interviewers that he be- wrote, left him with a bittersweet – and ultimately correct – American countries, to Chile and
lieved himself to be half-Jewish, although both parents attend- sense that his career had peaked. to the Organization of American
ed a Protestant church. It was Mr. Novak, in researching Turn- Valmont, based on an 18th-century novel by Pierre Ambroise States, and as a senior bureaucrat
around, who ended the mystery. François Choderlos de Laclos, was overshadowed in 1989 by the in Foreign Affairs and the Privy
After the 1964 release of his first feature film, Black Peter – previous year’s release of Dangerous Liaisons, a film by the di- Council Office in Ottawa, he
about the misadventures of a teenager beginning his work life rector Stephen Frears, which used the same underlying materi- helped usher Canada into the
– Mr. Forman was contacted by a woman who had been with al. OAS, mediated in post-conflict
his mother in Auschwitz, Mr. Novak learned and eventually re- Mr. Forman next made a series of films that each pushed Nicaragua, and, on 9/11, was pre-
ported. The woman explained that Mr. Forman was actually Hollywood out of its comfort zone: The People vs. Larry Flynt, sent at the creation of the Demo-
the son of a Jewish architect with whom Mr. Forman’s mother which presented a sympathetic portrait of the Hustler maga- cratic Charter of the Americas.
had an affair. In time, Mr. Forman found his biological father, zine publisher Larry Flynt; Man on the Moon, about the comic Deeply ingrained in Paul’s soul
who survived the war and was living in Peru. Andy Kaufman; and Goya’s Ghosts, an examination of persecu- was a commitment to fairness. He
Raised by foster parents, Mr. Forman attended film school in tion in Spain during the lifetime of Francisco Goya. was allergic to banality and slav-
Prague, and first made his mark with his work on a film and ish political correctness. Tennis
theatre presentation at the 1958 Brussels World Exhibition. An NEW YORK TIMES NEWS SERVICE was the answer to any existential
woe.
After eight years of retirement
filled with tennis and travelling,
I REMEMBER he was diagnosed with ALS (Lou
Gehrig’s disease). Toward the
end, he attended a last coffee
klatch with friends and enjoyed
ALAN FRY the lively conversation, but he
was declining fast. A few days lat-
hen Alan Fry enrolled in the University of British his mind and spirit had fulfilled his early promise. So I got er, at home, he donned a crisp
W Columbia in 1950, I was one of his teachers, in back in touch, and we became friends, first by mail and later
Latin. We were almost of an age, for I was by far by my visiting him in Whitehorse.
the youngest member of faculty.
He struck me at once as an unusual student.
Several class members were taking Latin as a
This bore fruit professionally, for I was able
to adapt and produce some of his work for CBC
I am proud to have Radio in Toronto, where I had gone after also
striped banker’s shirt, drank rum
with his sons, held Patricia’s
hand, and died with great poise
and dignity.
Such an end was made possible
useful first step toward a career in pharmacy, leaving UBC. by the empathetic parliamentar-
medicine or the ministry. Others were there for played a small part Back then, the CBC was a major supporter of ians who passed the Assisted Dy-
no evident reason except to get an easy credit in getting Alan Fry Canadian literature, and I am proud to have ing Act. I cannot overstate what
on the road to an unambitious degree. Alan, off the page and played a small part in getting Alan Fry off the an important and caring statute it
though, was there out of pure intellectual hun- onto the air. page and onto the air. is, nor forget the blessing it be-
ger. He was an important writer, a man of integri- stowed on Paul and his family.
He left after a year, and I was sorry to see him go. But there ty in his craft and in his personal life. I count him as someone
was clearly more to him than academe alone could satisfy. to be long remembered. Bob Fowler is Paul’s friend.
We then lost touch, which I now regret.
Later, when he began to publish, I was pleased to see how John Reeves, Clarksburg, Ont. To submit a Lives Lived:
lives@globeandmail.com