Tag: Shanese

Canadian banks could weather a housing crash Fitch

OTTAWA — The Fitch ratings service says it believes Canada’s big banks can likely withstand a moderate to severe housing downturn — but they would feel the pinch.The Chicago-based service says Canada’s biggest six banks — TD, RBC, Bank of Montreal, CIBC, Scotiabank and National — all have equity ratios well above what is required under the new Basel III requirements.But the U.S.-based rating service says a housing crash in Canada would push down those ratios as the value of their mortgage assets plunge in relation to their considerable loan levels.In fact, Fitch says, it’s because Canadian home values have been rising in the last seven years despite a soft economy that the six banks have been able to appear so financially sound, as their rivals in the U.S. and Europe have struggled.Fitch also says loan-to-value ratios can reverse quickly during a housing correction.“Fitch generally believes that Canadian home prices are likely nearing a plateau and could exhibit some weakness over a medium-term time horizon,” the rating service says in an assessment issued Tuesday.“We believe a sharper than expected correction would flow through to higher (risk-weighted asset) levels, thereby putting further pressure on regulatory capital ratios at a time when rising credit losses will likely hurt retained earnings.”Still, Fitch concludes the banks’ capital buffers will be adequate to withstand a moderate to severe real estate price shock. read more

With focus on cervical cancer Ban says where people live should not

“We must do more to end the many tragedies that cancer inflicts,” said Mr. Ban in his message on the Day. “About one third of cancers can be prevented, while others are curable if diagnosed and treated early. And even when cancer is advanced, patients should benefit from palliative care,” he said. Although cancer affects all countries, the UN chief underlined that those with fewer resources are hit hardest. “Nothing illustrates this better than the burden of cervical cancer. The world’s poorest countries are home to more than 8 in 10 women newly diagnosed with cervical cancer, and 9 in 10 deaths from the disease.” While applauding the success of cervical cancer screening in many high-income countries, the Secretary-General insisted that the global community has a responsibility to replicate this progress in low-income States, where cervical cancer remains one of the most common cancers among women. “Today, we have the knowledge, experience and tools to protect every woman, everywhere,” he stated. “Comprehensive cervical cancer prevention includes vaccines to protect girls against future infection with the human papilloma virus (HPV), screening measures and preventive treatment of pre-cancers,” he explained. This year’s World Cancer Day was described by Mr. Ban as having “special impetus” thanks to the recent adoption of the 2030 Agenda for Sustainable Development, which aims “to usher in a life of dignity for all people.” The 2030 Agenda for Sustainable Development endorsed by all UN Member States call for reducing by one third premature death from non-communicable diseases. The UN chief also mentioned the Every Woman Every Child movement, which is an example of an initiative working to develop stronger health systems, universal health care coverage and the scale up of life-saving interventions for comprehensive cancer prevention and control. “On World Cancer Day, let us resolve to end the injustice of preventable suffering from this disease as part of our larger push to leave no one behind,” concluded Mr. Ban. read more

Brock Pride organizes transgenderrelated events on campus this week

Brock recently took steps to be more inclusive by designating single-stall washrooms on the main floor of the Schmon Tower as “gender inclusive,” meaning anyone can use them.Brock Pride, in co-operation with the University’s Human Rights and Equity Office, has organized a series of transgender-related events on campus from Nov. 17 to 21.Transgender, trans, and gender non-conforming are umbrella terms that encompass persons whose identity or expression breaches the gender roles that society expects of them. Gender identity refers to an individual’s innate sense of self as male/masculine, female/feminine, somewhere in between, or outside of gender boundaries.The central focus of the week is the Transgender Day of Remembrance, a memorial service that remembers trans persons who have been killed as a result of transphobia, which is the hatred or fear of people who do not conform to gender expectations.Precious Omoruyi, president of student-run Brock Pride, said the club decided to hold a more-sustained initiative surrounding trans issues, rather than a single memorial service.The following trans-related events will take place during the week:• Monday, Nov. 17: The transgender flag will be displayed in the Thistle corridor near Sean O’Sullivan Theatre. Resource tables will be set up in Mackenzie Chown A block from noon to 3 p.m.• Tuesday, Nov. 18: Workshop 1: “Transgender 101,” facilitated by Mike Sherman, WH 208, 4-6 p.m.; Workshop 2: “Transsexual Health,” Dr. Charles A. Sankey Chamber, 7-9 p.m.• Wednesday, Nov. 19, 7 p.m.: Transgender Day of Remembrance memorial service, organized by Transgender Niagara, Silver Spire United Church, 366 St. Paul St., St. Catharines.• Thursday, Nov. 20, 7-9 p.m., Th 257: Speaker panel addresses issues such as poverty, mental health, intersectionality, relationships, and violence against trans people. Panelists include representatives from community organizations Transgender Niagara, PFLAG, and Quest Community Health Centre. Refreshments provided.5-7p.m., Th 244: In addition to Brock Pride events, a class in the Centre for Women’s and Gender Studies will host “Joy of Gender,” which will be presented by trans activist and educator Hershel Russell. The CBC series Doc Zone is shooting a documentary about Russell, and part of it will be shot at Brock.• Friday, Nov. 21, 7-10 p.m., Th 244: Screening of documentary “Two Spirits.”Brock recently took steps to be more inclusive by designating single-stall washrooms on the main floor of the Schmon Tower as “gender inclusive,” meaning anyone can use them. Trans persons are often targets of violence in gender-specific change rooms and washrooms.Tom Saint-Ivany, associate vice-president, Facilities Management, says Brock has completed an inventory of single-user washrooms “and as our operating budget allows, we’ll progressively undertake their conversion into gender-inclusive washrooms, including signage and amenities.”Marla Terreberry-Portfilio, Human Rights and Equity officer, said the gender-inclusive washrooms are “an important signal of inclusivity at the University.”Despite human rights gains at the provincial level in the past few years, gender non-conforming individuals face many struggles, such as in the areas of the workplace, housing, and health.The Canadian Mental Health Association recently reported on a provincewide poll that found 77 per cent of trans respondents had considered suicide and 45 per cent had attempted suicide, far greater than the national average.To learn more about the trans experience, click here. read more