Canada Fx Debt-loonie Weakens As U.s. Government Remains Closed

Markets open in 5 hrs 11 mins Canada Needs a Comprehensive Review System for Child and Youth Deaths Press Release: Canadian Paediatric Society 4 hours ago Print Related Content OTTAWA, ONTARIO–(Marketwired – Oct 3, 2013) – The Canadian Paediatric Society is calling for a formal, standardized child death review (CDR) system for every region in Canada. “Currently, only a few Canadian provinces or territories have formal child death review systems,” said Dr. Natalie Yanchar, co-author of the new statement and Chair of the CPS Injury Prevention Committee. “A standardized CDR would help us collect information around the circumstances of child and youth deaths so that we can better understand how and why children die.” Unintentional injuries are the leading cause of death in Canadian children and youth. Other major causes of death include sudden death in infancy, congenital and medical disorders, suicide, and homicide. Although many deaths are preventable, there are currently no national standards for child death investigations in Canada. “CDR is very well established in other countries, as well as some provinces in Canada, and there is now good data to show that the process actually works,” said Dr. Amy Ornstein, a co-author and paediatrician in Halifax. “Death review has provided valuable information around public health issues including safe sleep practices, suicide prevention, ATV safety, and others.” A CDR system would allow stakeholders from multiple disciplines and agencies to share information and learn from each other. Ideally, it would lead to policies that prevent deaths and improve the overall health and safety of children and youth. The CPS is calling for CDR that has: Broad representation including: a regional chief medical examiner or coroner; representatives from law enforcement, child protective services, local public health; a crown attorney; a paediatrician, family physician and/or other health care provider Structured processes for reporting trends Linkable databases to allow meaningful data collection A mechanism to report effectiveness of CDR follow-up and recommendations Designated financial support by all levels of government The October issue of Paediatrics & Child Health is focused on child and youth maltreatment. For highlights, contact media@cps.ca . The Canadian Paediatric Society is a national professional association that promotes the health needs of children and youth. Founded in 1922, the CPS represents more than 3,000 paediatricians, paediatric subspecialists and other child health professionals across Canada.

climbed 2.3 percent to C$19.02 and Semafo increased 6.7 percent to C$2.40 as gold rebounded from an eight-week low. Gold futures for December delivery rose 2.7 percent to $1,320.70 an ounce in New York , the most in almost two weeks. Canadian Natural Resources declined 1.7 percent to C$32.25 and Cenovus Energy Inc. slipped 1.6 percent to C$30.31 as energy stocks dropped 0.5 percent as a group. U.S. crude production climbed last week, the Energy Information Administration said. Output rose to 7.8 million barrels a day in the week ended Sept. 13, the highest level since May 1989. Paladin Energy jumped 6.4 percent to 50 Canadian cents. The company said yesterday it will cut cash costs for 2014 by $23 million, including a 10 percent reduction in board and management base salaries. The company is also pursuing joint venture partners for its undeveloped assets. Air Canada soared 4 percent to C$3.90, the highest close since November 2008.

The shutdown cast uncertainty on two other points of focus for markets: the looming deadline to raise the U.S. debt ceiling and what influence that could have on central bank policy. “It just pushes out any expected … policy tightening of QE tapering in the U.S. and eventual rate hikes in Canada,” said Reitzes. The next big political battle lawmakers face is raising the $16.7 trillion debt ceiling by mid-October. Failure to do so would force the United States to default on some payment obligations and Tuesday’s government shutdown stoked concerns about U.S. politicians’ ability to come to any agreement. While the political wrangling has shifted some attention away from monetary policy, analysts were also trying to gauge what impact a lengthy shutdown could have on the Fed’s current efforts to prop up the economy. The central bank surprised markets last month by maintaining the amount of assets it is buying at $85 billion a month. Analysts were speculating that fiscal drag on the economy could prevent the Fed from reducing its bond purchases as soon as had been expected. Investors will be watching a speech from Fed Chairman Ben Bernanke scheduled for this afternoon. Tuesday’s comments from the Bank of Canada continued to cause some weakness in the Canadian dollar after the central bank cut its third-quarter economic growth forecast, suggesting interest rates will stay low for some time. Prices for Canadian government bonds were higher across the maturity curve.