Afternoon Update August 29th, 2011 (10)

CANADA

#1 — CNews | Vancouver is No. 1 hub for illegal animal parts

VANCOUVER – More animal part smugglers are busted in Vancouver than any other city in Canada, with illegal shipments to China becoming brazenly bigger over the last decade, according to Environment Canada.

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#2 — Globe | Mortgage refinancing drops under new rules: CMHC

Canada Mortgage and Housing Corp. says that it has seen mortgage refinance activity drop nearly 40 per cent since Ottawa brought in new rules.

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#3 — LFP | Merchant mariners call for medal recognition

OTTAWA – Canada’s merchant mariners spent almost half a century fighting for recognition. Now they’re asking for one more courtesy: A badge of pride.

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#4 — NP | McParland: McGuinty and Hudak share code of silence on health care

At some point this week or next, you have to figure Ontario’s provincial election is going to get serious.

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#5 — Star | Magna to invest $400M in electric vehicle R&D

A government official says Magna International Inc. (TSX: MG) is pairing with the Ontario government to invest more than $400 million to research and develop electric vehicle technology.

The company is expected to announce later this morning at its headquarters in Brampton that the province will put forward about $48 million for the project.

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WORLD

#6 — BBC | Syrian town of Rastan ‘surrounded by tanks’

Syrian tanks and armoured vehicles have surrounded the town of Rastan, north of Homs, which has been the site of anti-regime dissent, activists say.

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#7 — Fox | Irene Flood Waters Threaten Vermont Towns

MONTPELIER, Vt. –  The storm that had been Hurricane Irene crossed into Canada overnight but wasn’t yet through with the U.S., where flood waters threatened Vermont towns and big city commuters had to make do with slowly reawakening transit systems.

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CNN | Flooding traps military trucks

Independent | US counts the cost of hurricane’s brutal trail of destruction

#8 — DM | They don’t make them like that any more!

Here’s one car that’s never needed an AA callout. And even if it had, the AA didn’t even exist until a year after its manufacture.

Britain’s oldest car, a two-seater Wolseley 6 built in 1904, ‘runs like a dream’ and has never broken down.

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#9 — Independent | RBS helped bankroll Europe’s last dictator

The Royal Bank of Scotland faces more damaging revelations about its ethical record after it emerged that the bank was part of a deal to issue more than $800m (£489m) in Belarusian government bonds earlier this year, a month after the country’s leader, Alexander Lukashenko, ordered the brutal repression of pro-democracy campaigners.

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#10 — Telegraph | Japan sends search team to find remains of Iwo Jima dead

Japanese search teams are to return to the island of Iwo Jima after US documents identified sites where thousands of soldiers killed in the bloody battle for the island may have been interred.

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