CaFFE calls for foreign monitors

“Without such an understanding the final verdict given might by the observers might be a repeat of the observations they made after the 2008 Eastern Provincial Council election. Therefore CaFFE reiterates the need to invite foreign monitors at the earliest and allow them to understand the context in which the election is conducted and how prevalent structural and immediate issues affect the outcome of an election, ” Tennakoon said. The Campaign for Free and Fair Election (CaFFE) has called for foreign election monitors to observe the Northern Provincial Council elections.CaFFE Executive Director Keerthi Tennakoon said that representatives from political parties and the election commissioner discussed the possibility of foreign election monitors observing the elections even before the northern provincial council election was officially announced. CaFFE it is of great importance that foreign observers arrive in the country as the election campaign begins, so that they understand the context, the ground realities and the challenges ahead of the election. “After the president established the council last week, opposition political parties have renewed their call for impartial foreign monitors. However if these monitors are to conduct proper election monitoring they should be here in time to understand the structural and political context in which the election is conducted,” he said. read more

Toronto stock market falls miners sell off amid plunging copper prices

by Malcolm Morrison, The Canadian Press Posted Mar 11, 2014 6:20 am MDT Toronto stock market falls, miners sell off amid plunging copper prices AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email The TMX Group logo, home of the TSX, is shown in Toronto on June 28, 2013. THE CANADIAN PRESS/Aaron Vincent Elkaim TORONTO – The Toronto Stock Exchange closed lower, dragged down by base metal miners as worries about Chinese growth slammed copper prices for a third day, leaving the metal at its lowest level in almost four years.The S&P/TSX composite index declined 34.83 points to 14,267.23.The Canadian dollar dipped 0.01 of a cent to 90.07 cents US.New York’s Dow Jones industrials fell 67.43 points to 16,351.25, the Nasdaq dropped 27.26 points to 4,307.19 and the S&P 500 index declined 9.54 points to 1,867.63.The TSX energy and base metal sectors continued to lose ground amid concerns about Chinese growth after data released over the weekend showed that exports of the world’s second-biggest economy fell by an unexpectedly large 18 per cent in February. The country’s official 2014 economic growth target of 7.5 per cent assumes trade also will grow by 7.5 per cent.Copper, widely viewed as a proxy for the global economy, dropped another eight cents to US$2.95 a pound, its lowest close since June, 2010 after shedding six per cent over the previous two sessions. read more