Canada renews ties with Somalia
On Tuesday, Baird appeared alongside his Somali counterpart, Fawzia Yusuf Adam, to herald what he described as not just a new page in the relationship, but a “new volume.” Canada had been wary of engaging the new Somali government too soon as previous iterations have succumbed to corruption and infighting. But he praised the new government, even as he pledged $6 million to help bring peace and stability to Somalia. At the same time, Baird promised to consider other ways in which Canada can help fight the terrorist group responsible for the Kenya attack, al-Shabab. Al-Shabab controlled much of Somalia for years, but has since been forced out of the country’s major urban areas following the African Union’s involvement. It has claimed responsibility for last week’s attack on a highend shopping mall in Nairobi, which killed at least 65 people, including two Canadians. Some analysts have seen the mall attack as a sign the group has shifted tactics to more insurgency-type activities following those losses as well as a bout of internal fighting. Baird acknowledged the gains that have made against al-Shabab in recent years, but added the work is not finished and “in the face of such attacks of despicable terror, we must strengthen our resolve.” Meanwhile, Adam, who is the first Somali foreign minister to visit Canada in recent memory, sought to dispel perceptions her country remains gripped by war and instability. In addition to al-Shabab’s shrunken influence, she noted there have not been any incidents of piracy off Somalia’s cost in more than a year. Somali pirates were considered a scourge in the Indian Ocean several years ago, when they seized several large vessels and held them for ransom, prompting an international military response. “This is a new Somalia,” Adam said. “A Somalia with hope.
The currency rose versus its U.S. counterpart today as risk appetite improved on optimism that lawmakers in Washington would reach a deal to end its partial government shutdown and avoid a federal-debt default. The U.S. is Canada s biggest trade partner. The price spread between Western Canada Select oil and West Texas Intermediate increased. The overall growth impact of the U.S. government shutdown is a factor for the Canadian dollar, Camilla Sutton , head of currency strategy at Bank of Nova Scotia , said by phone from Toronto. The pricing of oil has moved against the Canadian dollar. The loonie, nicknamed for the image of the aquatic bird on the C$1 coin, appreciated 0.3 percent to C$1.0307 per U.S. dollar at 12:40 p.m. in Toronto. One Canadian dollar buys 97.02 U.S. cents. The currency was little changed on the week against the greenback. Canadas government bonds fell for the first time in three days, pushing yields on the benchmark 10-year (GCAN10YR) security up four basis points, or 0.04 percentage point, to 2.58 percent.
Canada’s Milos Raonic defeats Lukas Lacko to advance to semifinals at Japan Open
The 22-year-old from Thornhill, Ont., once again used a dominant serve to beat his opponent, with just 11 aces to only two for Lacko. Raonic will next face Croatian Ivan Dodig, a winner over Finland’s Jarkko Nieminen 6-2, 7-6 (3). Dodig has won two of the pair’s three matches, including a second-round victory over Raonic last June on grass at Eastbourne and a Barcelona win in 2011. A win over Dodig would mark a return for Raonic to the Tokyo final where he lost a year ago to Kei Nishikori. Raonic, ranked 11th in the world, is coming off a win at the Thailand Open on Sunday and improved his season record to 40-17. He’s trying to earn one of the last spots in the World Tour Finals in London next month. Against Lacko, Raonic never faced a break point from his 81st-ranked opponent. The loss to Raonic was Lacko’s 14th straight against a top-20 opponent. Raonic, who stands 5-0 in quarter-finals this year, has not lost a set this week. He took early control against Lacko with two breaks to earn the first set in 25 minutes. He went up a quick break in the second for a 2-0 advantage, and later closed his match with a service winner. Sports & Recreation WASHINGTON (AP) President Barack Obama decided to stay home from economic summits in Asia as Democrats stepped up pressure on congressional Republicans to rein in their tea party faction and reopen the government with no strings attached. Associated Press SIOUX FALLS, S.D.
Canada Lithium Announces Project Update
OTCQX under the symbol CLQMF. Cautionary Statement Regarding Forward-Looking Information This press release contains “forward-looking information” within the meaning of Canadian securities legislation. Forward-looking information is based upon the Company’s beliefs, estimates and opinions as at the date of this press release, which the Company believes are reasonable, but no assurance can be given that these will prove to be correct. Furthermore, the Company undertakes no obligation to update or revise forward-looking information contained herein if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law. Forward-looking information relates to future events or to future conditions, performance or results of operations and reflects current expectations or beliefs regarding such matters including, but not limited to, information or statements with respect to: (i) the amount of mineral resources; (ii) exploration, development and production activities, including information regarding the potential mineralization and resources; (iii) the amount of future output over any period; (iv) net present value and internal rates of return of the mining operation; (v) assumptions relating to capital costs, operating costs and other cost metrics; (vi) assumptions relating to gross revenues, operating cash flow and other revenue metrics; (vii) assumptions relating to future price and demand for lithium and other macroeconomic metrics; (viii) exploration and development plans, including anticipated costs and timing thereof, time frames for completion, and anticipated time to production; (ix) mine potential and expected mine life; and * sources of and anticipated financing requirements. All information other than matters of historical fact may be forward-looking information. In some cases, forward-looking information can be identified by the use of words such as “seek”, “expect”, “anticipate”, “budget”, “plan”, “project”, “estimate”, “assume”, “continue”, “forecast”, “intend”, “believe”, “predict”, “potential”, “target”, “strategy”, “goal”, “may”, “could”, “would”, “might”, or “will” and similar words or phrases (including negative variations) suggesting future outcomes or statements regarding an outlook. Forward-looking information is based upon certain assumptions by the Company or its consultants and other important factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by such information. Such information is based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of lithium, anticipated costs and ability to achieve goals. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking information include, but are not limited to: (i) required capital investment and estimated workforce requirements; (ii) estimates of net present value and internal rates of return; (iii) future demand and market prices for lithium; (iv) receipt of regulatory approvals on acceptable terms within commonly experienced time frames; (v) anticipated timelines for the commencement of production; (vi) anticipated timelines for community consultations and the impact of those consultations on the regulatory approval process; and (vii) future exploration plans and objectives. By its nature, forward-looking information involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to differ materially from those expressed or implied by such forward-looking information. Some of the risks and other factors that could cause actual results to differ materially from those expressed in the forward-looking information contained in this press release include, but are not limited to, risks and uncertainties relating to: (i) the interpretation of drill results, the geology, grade and continuity of mineral deposits and conclusions of economic evaluations; (ii) results of feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations, (iii) the outcome of litigation in which the Company is or may in the future become involved; (iv) risks relating to possible variations in reserves, grade, planned mining dilution and ore loss, or recovery rates and changes in project parameters as plans continue to be refined; (v) mining and development risks, including risks related to accidents, equipment breakdowns, labor disputes (including work stoppages and strikes) or other unanticipated difficulties with or interruptions in exploration and development; (vi) risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; (vii) risks related to future commodity demand and price and foreign exchange rate fluctuations; (viii) the uncertainty of profitability based upon the cyclical nature of the industry in which the Company operates; (ix) risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals or in the completion of development or construction activities; * risks related to environmental regulation and liability; (xi) political and regulatory risks associated with mining and exploration; (xii) risks related to the uncertain global economic environment; and (xiii) other risks and uncertainties related to the Company’s prospects, properties and business strategy. Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in the forward-looking information, investors and others are cautioned that this list is not exhaustive and there may be other factors that the Company has not identified. Readers are cautioned not to place undue reliance on forward-looking information contained in this press release. All forward-looking information contained in this press release or incorporated by reference herein is expressly qualified by this cautionary note.