News/Canada

{mosimage}TORONTO - It was a bad month for just about all investors, but a little bit worse for ethical investors in September.

The Jantzi Social Index of 60 Canadian stocks chosen for their environmental, social and governance performance plummeted 15.3 per cent in September, compared with a 13.76-per-cent drop in the S&P/TSX 60 and a 14.45-per-cent slide in the S&P/TSX Composite.

Canadian income gap widens

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{mosimage}TORONTO - The rich are getting richer, poor are getting poorer and even the middle class is losing touch with wealthy Canadians, according to a new report from the Paris-based Organization for Economic Co-operation and Development.

After 20 years of declining inequality from the mid-1970s to mid-1990s, the gap between rich and poor has risen sharply in Canada since 1995, the OECD said in Growing Unequal, released Oct. 21. Canada is now one of the more unequal countries among the 30 rich nations who make up the OECD.

Truth and Reconciliation Commission chair's resignation "sad"

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{mosimage}OTTAWA - The sudden resignation of Truth and Reconciliation Commission chair Justice Harry LaForme has surprised and disappointed both Catholic and aboriginal leaders.

The commission was formed as a result of the Indian residential schools settlement agreement and has a five-year mandate to allow former students and others who participated in the schools to tell their stories.

Cistercian named Canada's newest bishop

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{mosimage}OTTAWA - Pope Benedict XVI has appointed Abbot Yvon Moreau of the Cistercian Abbey of Oka, Que., to the episcopate in Quebec.

Bishop-elect Moreau will succeed retiring Sainte-Anne-de-la-Pocatière Bishop Clément Fecteau, who turned 75 in April. Canon law requires bishops reaching their 75th birthday to offer their resignation.

Honour still being challenged

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{mosimage}TORONTO - An Order of Canada recipient who founded an orphanage for girls in Haiti is continuing his legal challenge to the federal government over Dr. Henry Morgentaler’s award nomination, even though the controversial pro-abortion activist received the country’s highest civilian honour on Oct. 10.

Frank Chauvin, a retired police detective from Windsor, Ont., launched a judicial review application in late July to the Federal Court of Canada through lawyer Gerard Charette. Toronto lawyer Phil Horgan is also helping with the case.

Stock market causes chaos with charities

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{mosimage}TORONTO - Plunging prices on Bay Street and Wall Street aren’t just a problem for the stock market. Since changes in tax laws governing gifts of stock in 2006, stock market joy has been joy for charities — and stock market trouble will be trouble for charities, including churches.

Beginning in May 2006, donors have been able to deduct 100 per cent of the value of any donations of stock to a registered charity up to a value of 75 per cent of their net annual income. If their gift exceeds that 75-per-cent threshold the donor can carry forward the deduction for up to five years.

A Catholic view of Election 2008

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{mosimage}On Oct. 14, Canadian voters chose to replace its minority Conservative government in Ottawa with another, slightly larger, minority Conservative government. The Catholic Register asked five Catholics from across Canada who closely observed the election campaign, for their views on how the campaign unfolded and what needs to be done now. Below we present their responses to our questions.

Stain on Order of Canada official

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{mosimage}OTTAWA - On the Friday of Thanksgiving weekend, Canada’s Governor General invested abortionist Dr. Henry Morgentaler with the Order of Canada.

“The Order of Canada was created in order to acknowledge the great achievements of citizens who desire a better country,” said Archbishop Thomas Collins, archbishop of Toronto.

Election results: Canadians put Harper on a short leash

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{mosimage}The Canadian people woke up Oct. 15 to a new government that looks remarkably like the old government. They could be forgiven for scratching their heads and wondering what all the fuss was for.

As final polls were still being counted, it appeared that Prime Minister Stephen Harper's Conservatives would once again form a minority government with 143 seats in the House of Commons — 12 short of a majority. They face a Liberal party with 76 seats, the Bloc Quebecois with 50, the New Democrats with 37 and two independents.

Battle lines drawn for next pro-life legal fight

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{mosimage}TORONTO - Defending doctors’ conscience rights, Catholic groups’ freedom of speech and the anti-euthanasia movement represent the next legal battlegrounds for the pro-life movement, said activists at an international pro-life conference held in Toronto in early October.

Dr. Jack Willke, president of the U.S.-based International Right to Life Federation, told more than 200 conference participants on Oct. 4 that the struggle of the pro-life movement is similar to the anti-slavery movement because of the hostility and opposition that both groups have faced.

Social investers give low grades to Liberals, Conservatives.

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{mosimage}The Social Investment Organization grades the Liberals and the Conservatives with a D and an F on the issue of transparency for investors in Canada's stock markets.

The SIO gives top marks to the Greens and Bloc Quebecois and places the NDP in the middle. The Greens rate an A+, the Bloc a B+ and the NDP a B-.

Comment

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