Canada Stocks Fluctuate as Energy Gains Offset Health-Care Slump

Historica l ly , Chinese Canadians haven’t been shy about supporting Canada’s military. According to the Chinese Canadian Military Museum Society, about 200 Chinese-Canadians volunteered to join the military when the First World War started in 1914, and the community again volunteered en masse during the Second World War. This enthusiastic response was even more impressive when one takes into account the various discriminatory laws Ottawa put on the community at that time (the head tax and the 1923 Immigration Act were the most prominent examples). But demographics change with the times. Since the 1970s, immigration from Hong Kong, China and Taiwan have largely consisted of people from urban areas, with significant personal wealth and business acumen – and also, incidentally, with less inclination for military service. According to Norman, five per cent of current navy personnel are visible minorities – a figure that the navy would absolutely like to increase. “I honestly don’t know,” Norman said when asked why minority participation in the navy has been so low. I wish I knew. But our goal is to double that figure. It’s an ambitious number … but we are committed to the multicultural face of the Canadian armed forces.” The Canadian navy is small by international standards: About 9,000 military and 4,000 civilian personnel split between Halifax and Esquimalt, with Halifax’s share a 60/40 majority. The Atlantic base has seven frigates and five destroyers, while five frigates and one destroyer is based in Esquimalt.

Rogers Communications Inc. rose 1.5 percent as Canadas three largest phone carriers signaled their intent to bid in a wireless spectrum auction that is not expected to attract a foreign competitor. Catamaran Corp. plunged 2.3 percent after Morgan Stanley cut its rating on the stock. BlackBerry Ltd. fell 5 percent, extending losses a second day after reporting declining second-quarter earnings and slashing its workforce. The Standard & Poors/TSX Composite Index rose 6.94 points, or 0.1 percent, to 12,813.41 at 10:16 a.m. in Toronto. The benchmark Canadian equity gauge has surged 5.6 percent this quarter and is up 3.1 percent in 2013. Energy shares contributed the most to gains in the index, rising 1.2 percent even as West Texas Intermediate crude slipped to a one-month low on easing concern that Syrias conflict will disrupt supplies. To contact the reporter on this story: Eric Lam in Toronto at elam87@bloomberg.net To contact the editor responsible for this story: Lynn Thomasson at lthomasson@bloomberg.net More News: