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Volume 13 Issue 353 Rabi ul Awal 8, 1435 AH / January 10, 2014 - $1
One of the economic effects of a sinking loonie could be less crossborder shopping, as cheaper U.S. goods become more expensive in Canadian dollar terms
LOONIE’S DECLINE COULD BOOST B.C. TOURISM
British Columbia’s tourism sector received two late gifts this week- fresh snow on local mountains and a Canadian dollar that has dropped in value, which makes local destinations more attractive to foreign travellers. However, it will take longer for that latter factor to have an economic impact, the size of which will depend on how deeply the dollar drops versus the U.S. greenback. The dollar edged down 0.27 of a cent to 92.56 cents US in currency trading
Wednesday, its lowest close since late October 2009, after falling more than a cent Tuesday. This week’s sharp drop was precipitated by weaker-than-expected Canadian trade figures released Tuesday, but it is at the end of an almostyear-long decline from February 2013, the last time the Canadian and U.S. dollars were at par. For B.C. tourism
AFRICAN MIGRANTS PROTEST ISRAEL DETENTION LAW
Thousands of African migrants have continued to march in the Israeli city of Tel Aviv, appealing for the support of Western governments against Israel’s detention policy towards migrants who entered the country illegally. Protesters held banners reading “No more prison” and “We are refugees” outside Western embassies for the third consecutive day on Tuesday, with leaders at the rally saying they would persist with demonstrations until Israel cancelled legislation enabling long-term detentions and reviewed their requests for refugee status. Benjamin Netanyahu, Israeli prime minister, said on Monday that the protests would not affect his government’s stance on asylum seekers. “Just as we’ve succeeded in blocking off illegal infiltrations thanks to the security fence, we’re determined to send back those who made it in before the border was closed,” he told members of his rightwing Likud party. A police spokesman told news agency AFP that the protesters were coordinating with police on their plan to stage more rallies on Wednesday, this time in Jerusalem. Their plight prompted a strongly worded statement from the UN refugee agency (UNHCR), saying that Israel’s incarceration of migrants, caused “hardship and suffering” and was “not in line with” a 1951 world treaty on the treatment of refugees. “Placing asylum-seekers in duress that may force them to opt to return without having examined their asylum claims could amount to a violation” of international refugee conventions, Walpurga Englbrecht, the UNHCR representative in Israel, said in a statement on Sunday. Englbrecht criticised Israel’s
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