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SUNDAY, DECEMBER 3, 2017 | THE GLOBE AND MAIL I A19
LIFE & ARTS TRAVEL | THEATRE | FILM | CRITICISM | PUZZLES
M
y love affair with cemeteries began with the
grave of 19th-century American poet Henry
Wadsworth Longfellow. He lay entombed on
Mt. Auburn Cemetery’s Indian Ridge Path amid bro-
ken, green-hued sunlight, creeping periwinkles, and a
red-tailed hawk perched in the tree overhead. My first
crush in a lifetime of romances with poets, visiting
Longfellow’s final resting place filled my head with
rhyming verses and New England tales.
“I looked quietly down into it without one feeling
of dread,” Longfellow declared on a visit to his own
designated plot after the death of his first wife. “It is a
beautiful spot, this Mount Auburn.” I, too, was wooed
by its natural beauty.
A child of the city, it became my sanctuary; a read-
ing spot forever tied to my love of literature.
It was there I experienced a rare calm, despite the
gloomy headstones and Victorian mausoleums that
were constant reminders of the cemetery’s chief pur-
pose. Somehow the juxtaposition of stark mortality
with a lush landscape gave me a comfort with my own
temporary state. A childhood mix of titillation and
fear for ghosts and ghouls gradually grew into an
genuine appreciation of Victorian aesthetics and the
macabre. I had discovered the charms of the garden
cemetery, the thrilling mix of spookiness and verdant
life.
Created in 1831 in Cambridge, Mass., in response to
unhealthy, overcrowded graveyards of yore, Mt.
Auburn was America’s first garden cemetery. I
roamed its rolling landscape through pathways with
names like Citron Lane and Lilac Path written on offi-
cial yet quaint poles. Sunbathing turtles edged its tiny
ponds. If I was feeling stoic and in need of light, I’d
make my way over to Christian Science founder Mary
Baker Eddy’s sun-soaked granite colonnade overlook-
ing Halcyon Lake. The days often culminated in a
climb to the top of Washington Tower for sweeping
views of the Boston area.
As I grew up and ventured out, I began a ritual –
often with dead poets as my hosts – of seeking out
beautiful, cemetery oases in cities around the world.
They provide brief escapes from the hectic pace of
travelling among the living. From the shadow of an
ancient pyramid to the foot of a stately castle, here are
two more of my favourite cemeteries to unwind in
and explore.
ROME’S NON-CATHOLIC CEMETERY
A curious painting provided a clue to my beloved, pic-
turesque cemetery. Nestled in the home of John Keats
along Rome’s Spanish Steps, the Keats-Shelley Memo-
rial House and museum commemorates the lives of
these two Romantics living abroad in Italy. The paint-
ing, found in the room where Keats, 25, passed his
final, laboured breath thanks to consumption, depicts
a tranquil, pastoral setting with a seemingly out-of-
place pyramid in the background. The description
reads: Non-Catholic Cemetery, also known as the
Protestant Cemetery. The mere description of its vio-
lets – his favourite flower – convinced an ailing Keats
to be buried there, as he “already seemed to feel the
flowers growing on him.”
And so I ventured off the beaten tourist path of
ancient ruins and elaborate Catholic churches to
Rome’s Testaccio neighbourhood to find Keats’s – and
my own – sweet escape. The clouds parted and the
day’s rain subsided just as I entered Cimitero Acattol-
ico, the “Non-Catholic Cemetery for Foreigners” as it is
welcomingly called. Within its high walls, I found a
silent landscape of sloping paths lined by Cypress and
pomegranate trees, and bright flowers shaking off the
recent rainfall. As an added bonus, an army of very-
much-alive cats napped on the detailed, sculptural
gravestones. Last year, the cemetery celebrated its
300th anniversary as a dedicated burial ground to
“Protestants, Muslims, Jews, Orthodox Christians, and
other non-Christians” residing in the heart of Roman
Catholicism.
I found Keats’s violet-covered grave just as prom-
ised. Fellow Romantic Percy Bysshe Shelley said of
Keats’s burial spot: “It might make one in love with
death, to think that one should be buried in so sweet
a place.” Shelley would consummate that lust at 29,
joining Keats at Cimitero Acattolico after a mysterious
boating accident in Italy.
Beyond Keats’s memorial looms the Pyramid of
Cestius, built as a tomb for Gaius Cestius circa 12 BC
and linked to the Aurelian Walls once fortifying the
city in the third century AD. It was my initial clue
from the painting. The Cat Sanctuary, where the cem-
etery’s many feline guardians are fed and cared for,
was just below.
More than 6,400 kilometres from my native Bos-
ton, I felt at home for a brief moment reading a quick
poem among its gardens and purring felines that ri-
valled the flora and fauna of my first love, Mt. Auburn.
On my otherwise hectic visit to Rome, it was my first
moment of quiet reflection. I no longer wondered
why Oscar Wilde called it “the holiest place in Rome.”
It was morbid, but peaceful.
OLD TOWN CEMETERY, STIRLING, SCOTLAND
The words of another Romantic led me to my next
favourite “final” destination. “We know of no sweeter
cemetery in all of our wanderings than that of Stir-
ling,” said William Wordsworth of Old Town Ceme-
tery. I appreciated the tip, even if Wordworth loyalties
were questionable: he ended up buried in “the love-
liest spot” in a churchyard in Grasmere, England. On
what seemed the singular day of Scottish summer, I
departed my fellow castle-hungry tourists for holier
ground.
Roughly 40 kilometres from Glasgow, Stirling’s Old
Town Cemetery was built in the mid-1800s to cele-
brate Scottish Presbyterianism and as a calculated de-
parture from the standard British burial grounds.
Unlike Britain’s ubiquitous churchyards, Old Town’s
verdant, hilly design spreads over the valley between
the imposing Stirling Castle and the Church of the
Holy Rude. Its graves range from tall Gothic-styled
tombstones to more elaborate structures like the glass
cupola enshrining its famed The Martyrs Monument.
Like Cimitero Acattolico, Old Town has its own pyr-
amid tomb, albeit much smaller and centuries young-
er. The Star Pyramid is made of sandstone ashlar and
surrounded by a “pleasure garden” of wildflowers,
butterflies, and frolicking jackdaws.
I found a perfect reading bench high atop the sum-
mit of the Ladies’ Rock – a mini mountain named for
its prime “knight-views” by ladies of court during
jousting tournaments. Before heading out, I spied a
kindred spirit and fellow graveyard enthusiast reading
while nestled on a craggy ledge below. We both
emerged from book and cemetery renewed and ready
to get on with life.
SPECIAL TO THE GLOBE AND MAIL
A view from Mt. Auburn Cemetery in autumn. GABRIELLA GAGE FOR THE GLOBE AND MAIL
TRAVELLERS
FIND SOLACE
IN THE SOCIETY
OF DEAD POETS
Historic garden cemeteries provide oases of peace
and respite from the demands of modern life amid
the graves of the great and the unknown
in Rome's 'Non Catholic Cemetery'
on March 26, 2013 in Rome, Italy.
John Keats, one of England's most
famous poets died early in 1820 of
tuberculosis aged 25, after travelling
to Italy in search of a better climate
to help cure him of the disease.
Rome's Non-Catholic Cemetery
contains one of the highest densities
of famous and important graves
anywhere in the world.
DAN KITWOOD/GETTY IMAGES
GABRIELLA GAGE
(HDFCC|00007Q /e.i
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U.S. POLITICS . . . . . . . . . . . . . . . . . . . . . . . . . . A4-5
JUDICIARY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A6
BRITISH COLUMBIA . . . . . . . . . . . . . . . . . . . A13-14
MARGARET WENTE . . . . . . . . . . . . . . . . . . . . . . A17
JOHN DOYLE . . . . . . . . . . . . . . . . . . . . . . . . . . . . A17
ANDRE PICARD . . . . . . . . . . . . . . . . . . . . . . . . . . A17
SECTION A
MOMENT IN TIME. . . . . . . . . . . . . . . . . . . . . . . . . A2
FOLIO: THE BIG PICTURE . . . . . . . . . . . . . . A10-11
EDITORIAL & LETTERS . . . . . . . . . . . . . . . . . . . A16
LIFE & ARTS: TRAVEL . . . . . . . . . . . . . . . . . . . . A19
FACTS & ARGUMENTS . . . . . . . . . . . . . . . . . . . A21
WEATHER, PUZZLES, CROSSWORD . . . . . . A22
SECTION B
STREETWISE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B2
NAFTA: OPINION . . . . . . . . . . . . . . . . . . . . . . . . . B3
PROPERTY REPORT . . . . . . . . . . . . . . . . . . . . . . . B6
GLOBE INVESTOR & AGATE. . . . . . . . . . . . . . . B12
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OBITUARIES. . . . . . . . . . . . . . . . . . . . . . . . . . . . B23
Prime Minister Justin Trudeau rejected repeated
opposition demands on Monday to reveal the
names of other cabinet ministers who used the
same loophole as Finance Minister Bill Morneau
to avoid divesting personal investments or put-
ting them in a blind trust.
The Office of Conflict of Interest and Ethics
Commissioner Mary Dawson told The Globe and
Mail that a handful of cabinet ministers have
managed to retain control of assets they would be
required to divest if this wealth was not held indi-
rectly through a holding company or similar
mechanism.
Ms. Dawson’s office, citing confidentiality rules,
declined to identify the ministers but said “fewer
than five cabinet ministers currently hold con-
trolled assets indirectly.”
The issue, first reported by The Globe on Mon-
day, dominated the Com-
mons Question Period.
Opposition Leader
Andrew Scheer pressed Mr.
Trudeau to name the other
cabinet ministers “using
the exact same loophole. It
is a very simple question.
Who are they?”
Mr. Trudeau would not
reveal any names despite
numerous requests from
opposition MPs, calling the
line of inquiry nothing but “petty personal
attacks.”
“The Finance Minister, all ministers in this
House … follow the advice and recommendations
of the Conflict of Interest Commissioner,” the
Prime Minister told the Commons. “The conflict
of interest and ethics commissioner is there to
ensure that, above all of these petty personal
attacks, Canadians can be confident that people
follow the rules.”
The refusal of both Ms. Dawson and the Prime
Minister to reveal names make it difficult to know
for certain who is using the loophole.
“This is some sort of shell game going on where
you have to guess at who might or might not be
in a conflict of interest,” NDP ethics critic Nathan
Cullen told reporters.
LOOPHOLE, A13
Trudeau won’t
name ministers
using tax loophole
Amid opposition calls for the names
of cabinet members using blind
trusts, PM calls line of inquiry a series
of ‘petty personal attacks’
ROBERT FIFE
STEVEN CHASE OTTAWA
reveal the strongest evidence so far
of ties between Mr. Trump’s circle
and the Putin regime that alleged-
ly interfered in last year’s election
to help Mr. Trump win. And they
put the President’s claims that
there was no collusion on increas-
ingly thin ice as the investigation
intensifies.
As part of a deal with prosecut-
ors, George Papadopoulos, a for-
eign-policy adviser to the Trump
presidential campaign, pleaded
guilty to making false statements
to investigators and is now co-op-
erating with Mr. Mueller’s probe.
Former chair Paul Manafort and
his business associate, Rick Gates,
pleaded not guilty to 12 charges
that included conspiracy against
the United States, failing to regis-
ter as agents of Kremlin-backed
former Ukrainian president Viktor
Yanukovych and laundering $75-
million (U.S.) in payments
through offshore bank accounts.
In the spring and summer of
2016, Mr. Papadopoulos repeatedly
met and corresponded with Rus-
sian intermediaries in a bid to
arrange meetings between cam-
paign officials and Russian politi-
cians, including a prospective
meeting between Mr. Trump and
Mr. Putin, court filings reveal.
CHARGES, A3
Robert Mueller has fired his first
shots at the White House in the
Russia investigation, with a for-
mer adviser to U.S. President
Donald Trump’s campaign admit-
ting he met with purported inter-
mediaries of the Kremlin then
lied about it to the FBI, and the
campaign’s former chair facing
charges over his secret lobbying
for allies of Russian President Vla-
dimir Putin.
The indictments, released Mon-
day by the Special Counsel’s office,
Investigation into
Russian deals blow
to White House
Paul Manafort, U.S. President Donald Trump’s former campaign chair, leaves court in Washington on Monday. Mr. Trump’s former
adviser, George Papadopoulos, has pleaded guilty to making false statements to the FBI. ALEX BRANDON/ASSOCIATED PRESS
ADRIAN MORROW WASHINGTON
JOANNA SLATER NEW YORK
Trump’s former adviser
pleads guilty, faces 20
years in prison
Onetime campaign chair
faces 12 charges as
Mueller probe expands
President dismisses
charges as frivilous, and
distracting from policy
Dams built decades ago in an era
of relatively lax environmental
rules have significantly disrupted
the flow of water on the Saskatch-
ewan River and the aboriginal
way of life, particularly the fishery
on the river. Now, Saskatchewan is
preparing to grant licences that
would continue that disruption in
perpetuity.
The leaders of the Cumberland
House Cree First Nation are not
asking for the E.B. Campbell dam,
which is about 100 kilometres
upriver from their community,
and the Nipawin dam, which is 60
kilometres beyond that, to be
shut down or dismantled – al-
though it might come to that if
the effects cannot be mitigated
any other way.
Rather, they want a full consult-
ation before in-perpetuity licences
are approved. They want to do
their own study on how the dams
will further impede their ability to
exercise their treaty rights to hunt,
trap, fish and enjoy their tradition-
al way of life – which they say
were already eroded during the
E.B. Campbell dam’s half century
of operation.
“I think they are owed the duty
to have a process that rigorously
and credibly examines the poten-
tial adverse impacts of the contin-
uation of the E.B. Campbell dam
on the nation’s treaty rights,” said
their lawyer, Tim Dickson, “and
that is what the nation believes
has not at all been adequately
done to date.”
Saskatchewan’s Water Security
Agency (WSA), the provincial reli-
censing body, said in an e-mail
that renewing the dams’ licence
does not require extensive con-
sultations because the potential
adverse effects on treaty rights
“are minor in nature.”
DAMS, A13
First Nation demands consultation for dams
GLORIA GALLOWAY OTTAWA
The gender pay gap
and Harvey Weinstein
This is some sort
of shell game
going on where
you have to guess
at who might or
might not be in a
conflict of interest
NATHAN CULLEN
NDP ETHICS CRITIC
BANKING
CIBC withdraws as underwriter
for Tapscott-led blockchain fund B4
ECONOMICS
Job growth speeds up, unemployment
rate falls; wages flat B8
SPORTS
Rebecca Marino begins her tennis
comeback after years away B16
JOHN DOYLE, A17
A4 I THE GLOBE AND MAIL | SUNDAY, DECEMBER 3, 2017
Mr. Papadopoulos and one of his
contacts also discussed “dirt”
that the Russians had obtained
by hacking the e-mails of Hillary
Clinton, Mr. Trump’s presidential
rival. Earlier this year, U.S. intelli-
gence agencies concluded that
the Russian government was
behind the release of embarrass-
ing e-mails stolen from the Dem-
ocratic National Committee and
fed to Wikileaks.
Throughout the process, the
indictment says, Mr. Papadopou-
los frequently updated others in
the campaign on his progress.
On March 31, 2016, Mr. Papado-
poulos attended a national-
security briefing in Washington
with Mr. Trump, at which he ad-
vised that he could help set up a
meeting with Mr. Putin. On an-
other occasion, a “campaign su-
pervisor” told Mr. Papadopoulos
he was doing “great work” in try-
ing to connect the Russian
leadership and the campaign.
The Trump administration
swiftly tried to distance itself
from Mr. Papadopoulos and Mr.
Manafort, insisting that the Dem-
ocrats should instead be investi-
gated for trying to dig up
Russian-related dirt about Mr.
Trump.
“Sorry, but this was years ago,
before Paul Manafort was part of
the Trump campaign. But why
aren’t Crooked Hillary & the
Dems the focus?????” Mr. Trump
tweeted. “Also, there is NO COL-
LUSION!”
White House spokeswoman
Sarah Huckabee Sanders told
reporters that Mr. Papadopoulos
had “little role” in the campaign
and said the indictments Mon-
day have “nothing to do with the
President.” She also vaguely
asserted that the White House
expected Mr. Mueller’s investiga-
tion to end soon, but said Mr.
Trump had no plans to fire him.
The indictments suggest Mr.
Mueller is far from done.
Solomon Wisenberg, a former
federal prosecutor who once
worked for the independent
counsel that investigated former
president Bill Clinton, said the
moves send a message to anyone
else touched by the investiga-
tion: “Be worried, be scared. …
We’re serious, we’re not ama-
teurs.” Politically, Mr. Wisenberg
said, this also makes it increas-
ingly hard for Mr. Trump to par-
don anyone or fire Mr. Mueller.
Mr. Papadopoulos was arrest-
ed in July but not charged until
this month, raising the question
of whether he has been helping
the authorities gather informa-
tion – such as by recording his
conversations with other Trump
associates – in the interim.
“There are a lot of people who
are going to have sleepless
nights, particularly if they’ve
talked to him since July,” said
Nick Akerman, a former federal
prosecutor who worked on the
Watergate scandal.
Mr. Papadopoulos’s Russian
connections are unnamed in the
indictment, identified only as
“the professor,” a “female Rus-
sian national” and a man with
connections to the Russian for-
eign ministry. The Washington
Post named the professor as
Joseph Mifsud, honorary director
of the London Academy of
Diplomacy.
The prospective meeting be-
tween Mr. Trump and Mr. Putin
never materialized. One cam-
paign official – unnamed in the
indictment but identified by The
Washington Post as Mr. Manafort
– wrote that Mr. Trump “is not
doing these trips.” Mr. Papado-
poulos’s higher-ups in the cam-
paign instead encouraged him to
make an “off-the-record” trip to
Russia himself for meetings with
the Kremlin. That trip did not
end up happening.
The professor, who was Mr.
Papadopoulos’s first point of
contact with the Russians,
informed him at an April 26,
2016, breakfast meeting in Lon-
don that Moscow had “thou-
sands” of Ms. Clinton’s e-mails.
The meeting bore striking simi-
larities to a June 9 sit-down at
Trump Tower between Mr. Mana-
fort, Mr. Trump’s oldest son,
Donald Jr., son-in-law Jared
Kushner and a Russian lawyer. In
arranging the meeting, an inter-
mediary had told the younger
Mr. Trump that the Russian
government wanted to give the
campaign scandalous informa-
tion about Ms. Clinton.
“I love it,” Donald Jr. wrote in
an e-mail at the time. He has
subsequently insisted not much
of interest happened at the
meeting.
CHARGES, A1
Expert says
Papadopoulos’s
plea is all but
unprecedented
O
n Friday, CNN broke the
news that special prosecut-
or Robert Mueller had filed
charges against someone in Don-
ald Trump’s circle and would
reveal the target on Monday. The
news sent the public into a flurry
of speculation damning in its own
right: The list of people in the
President’s camp under federal
investigation is so long that there
was no way to predict with confi-
dence who the first indicted
would be.
Today, the loser of this per-
verse game of Clue was named: it
was Paul Manafort, with alleged
money-laundering all over the
world. His arrest was not surpris-
ing: In September, Mr. Mueller
had told Mr. Manafort – a GOP op-
erative who served dictators and
oligarchs abroad before becoming
Mr. Trump’s campaign manager
in 2016 – that his indictment was
forthcoming. But Mr. Manafort’s
surrender on Monday to the FBI
still feels shocking.
The indictment of Mr. Mana-
fort – which focuses on his work
with lobbyist Richard Gates (also
indicted) to boost Kremlin lack-
eys in Ukraine and their alleged
money-laundering – does not in-
dicate that justice will be served,
but that justice remains possible,
at least for now. The wheels of
justice may finally be turning, but
they grind slowly like the initial
trek up a roller coaster, and
Americans should expect a stom-
ach-turning plunge as the Trump
administration retaliates and
whiplash as the investigation pro-
ceeds.
From the beginning, Mr.
Trump has operated with the au-
dacity of an autocrat. The select-
ion of Mr. Manafort – a
notoriously shady operative who
has been under federal investiga-
tion for several years – as chair-
man of Mr. Trump’s election
campaign was itself an audacious
move, indicating that Mr. Trump
had no qualms about aligning
himself with a possible criminal
with a fondness for dictators.
When the extent of Mr. Mana-
fort’s illicit Russia ties was
exposed in March, Mr. Trump and
his spokespeople played down
their relationship with equal au-
dacity, claiming the President
barely knew Mr. Manafort – a fel-
low resident of Trump Tower who
had been in his social circle for
more than 30 years.
As the Manafort news broke on
Monday, Mr. Trump continued to
twist the truth, tweeting that
“Crooked Hillary & the Dems”
were the real Russia conspirators
and that “there is NO COLLU-
SION!” About two weeks before
Mr. Manafort’s indictment, Mr.
Trump’s team had begun a co-
ordinated propaganda blitz to flip
the script on Russia – a sign that
they knew they could no longer
deny foreign interference, so they
had no recourse left but to try to
blame those, such as Hillary Clin-
ton, who opposed and exposed it.
The Russia reversal was so pre-
dictable I gave a speech about it
before it happened, and while the
propaganda is partially aimed to
divert from Mr. Mueller’s charges,
it also shows a disturbing willing-
ness to persecute private citizens.
Unable to deliver the Mexico wall
or Obamacare repeal, the Presi-
dent’s team has reverted to the
campaign promise of “lock her
up” – a promise that extends well
beyond Ms. Clinton. One should
expect Mr. Trump’s camp to tar-
get any perceived opponent who
has documented the administra-
tion’s illicit dealings, and to
potentially fire Mr. Mueller –
much as Mr. Trump fired James
Comey, Sally Yates and Preet
Bharara before.
That the Trump administration
is stocked with men whose loyal-
ty to Mr. Trump possibly super-
sedes their loyalty to the
Constitution makes the conse-
quences of any indictment highly
uncertain. The Manafort dragnet
potentially implicates Attorney-
General Jeff Sessions, who ran Mr.
Trump’s foreign-policy campaign
team and illicitly met with Rus-
sian officials under Mr. Manafort’s
direction, as well as Mike Pence,
who was selected by Mr. Manafort
to be Mr. Trump’s running mate.
In addition to being charged with
money-laundering, Mr. Manafort
has been charged with “conspira-
cy against the United States.”
Manafort
charges don’t
ensure justice –
but it’s a start
SARAH
KENDZIOR
OPINION
How Papadopoulos
went from plying
Russia contacts
to aiding probe
THE MEETING
George Papadopoulos’s Russian contacts began in March of 2016, shortly after he
joined the Trump campaign as a foreign-policy adviser. He started by making
overtures to a London-based university professor he met in Italy. The man is uni-
dentified in Justice Department documents, but The Washington Post has pre-
viously named him as Joseph Mifsud, director of the London Academy of
Diplomacy. On March 24, Mr. Papadopoulos met the professor and a “female Rus-
sian national” who falsely presented herself as Russian President Vladimir
Putin’s niece in London. When Mr. Papadopoulos told his higher-ups in the cam-
paign about the sit-down, one replied “great work.”
THE LIE
Over breakfast in London on April 26, 2016, the professor told Mr. Papadopoulos
that Russia had “thousands of e-mails” that contained “dirt” on Ms. Clinton –
presumably a reference to the hacked Democratic National Committee e-mails
that would later be released through Wikileaks. When the FBI asked Mr. Papado-
poulos about this information, he insisted he learned about the e-mails before
he joined Mr. Trump’s campaign. Mr. Papadopoulos insisted it was merely “a
very strange coincidence” that he received this information.
THE COVERUP
The day after his second interview with the Federal Bureau of Investigation, in
February, 2017, Mr. Papadopoulos deactivated his Facebook account and created a
new one, and also switched telephone numbers. This was designed to dissociate
himself from his communications with his Kremlin intermediaries, including the
professor and another man connected with the Russian foreign ministry.
GAME OVER
On July 27, 2017, Mr. Papadopoulos was arrested at Dulles International Airport
near Washington. After his arrest, the document notes, Mr. Papadopoulos “met
with [special counsel Robert Mueller’s investigators] on numerous occasions to
provide information and answer questions.” Separately, Mr. Papadopoulos’s plea
agreement stipulates that the government will make sure the court knows that
he is co-operating with the investigation – a factor that could get him a lighter
sentence – on condition he continues to “provide information.”
TRUMP IN ATTENDANCE
On March 31, 2016, Mr. Papadopoulos was photographed sitting a few seats away
from Donald Trump at a “national-security meeting” of the campaign team. Dur-
ing the session, the document says, Mr. Papadopoulos said that he had contacts
that could pull together a meeting between Mr. Trump and Mr. Putin.
U.S. POLITICS
Sarah Kendzior is a St. Louis, Mo.-based
commentator who writes about politics,
the economy and media
SUNDAY, DECEMBER 3, 2017 | THE GLOBE AND MAIL I A21
I
lost a friend this summer. It wasn’t a death, al-
though it feels like one. A friend I made in my
early 20s divorced me – by ghosting – ending a
30-year relationship.
We met on a field trip in our student days. We
never lived in the same town, but we built and
maintained our relationship with liberal letter
writing and later by e-mail. Phone calls, Skype
calls and infrequent trips to visit each other’s new
homes kept our friendship strong for more than
three decades.
Last year, she was “simply too busy” to stop by.
I understood, she needed family time with her
aging mom and adult children. I thought I sensed
a chill, but maybe I was imagining it.
This year on her annual visit home – I don’t live
too far away – she “didn’t have a moment to
spare.” This time there was no question – she was
avoiding me.
Gently in an e-mail, I inquired. I sensed a chasm
between us. Was she okay? Was there something
I’d said or done to cause this distance in our
friendship, or was it something I hadn’t said or
hadn’t done?
A month later, I received a reply by e-mail. In a
carefully worded dissertation, I read a
long list of my character flaws and
shortcomings as a friend. She needed
to move away from negative influ-
ences. I was one. I was no longer
needed. I was out.
It was painful. My feelings were hurt.
My ego, bruised. A fissure ran through
my heart. Surprisingly, I wasn’t angry,
but I was humiliated by the deceit and
affronted by her tactics. If I hadn’t inquired, how
long would the silent treatment have gone on? I
felt a fool for not seeing it coming.
On social media, I’d seen her posters with self-
affirming statements such as, “Giving up our rela-
tionship doesn’t mean I hate you, it means I love
me more,” and “Delete the negative people from
your life!” I thought she was railing against her ex-
husband. It never occurred to me that I was the
negative element that needed deleting.
I had no context for the experience. I’ve never
been deleted or unfriended before. I wondered if it
was a stage of life thing. Was a friendship divorce a
normal experience in your 50s? Maybe we’re all
just too tired, too sleep-deprived from meno-
pause. Maybe we don’t have the patience to accept
failures and imperfections in our friends any
more. Maybe we’re too irritable to tolerate slights,
too tired to strive to work things out.
I found myself paying attention to items she
had given me as gifts over the years. I suppose I
was grieving. I admired her art hanging in my
kitchen. I dug around in my desk and found the
sterling silver letter opener she’d made for me,
adorned with an opal, my birthstone. I wore the
gold earrings she’d given me for a week straight. I
felt terrible. How could three decades of friend-
ship end like this?
I worked at finding something positive in the
experience. I tried to garner something learned. I
went so far as to feel proud of her. If she was suf-
fering and needed healing and ditching me was
the way to get it, then, good. After all, she was my
friend. What I wanted most for her was a happy
healthy life.
And yet, it didn’t sit well. The long slow freeze
out had been an insidious act, disrespectful in its
duplicity. I kept thinking that there had to be a
better way, a more noble way to end a friendship.
In looking for answers, I queried my friends,
“Was this how things were done now?”
“It happens all the time,” my twentysomething
friends explained. “You get sick of somebody, you
just ghost them.”
“Ghost them?”
“It’s a term from the online dating world. You
know, if you’re fed up with someone you just
ghost them, you disappear out of their life with-
out a word. It’s the ultimate cold shoulder.”
I was dumbfounded. Steadfast avoidance, the
coward’s way out, that’s what’s in? I searched for
guidance online, hoping to find gracious unfriend-
ing strategies and advice on how to end relation-
ships with integrity. I was disturbed to find just
the opposite.
Authors crowed, “It’s better this
way!” while gloating that the self-serv-
ing tactic is “harder on them, but easi-
er on you!” Total nonverbal rejection
was the best way some purported. It
was even better, apparently, to make
sure that your friends knew their mes-
sages have been read and purposely
left unanswered.
Writers insisted that one should never unfriend
someone in person. Never agree to a meeting, stall
a rendezvous at all costs they said. If pressed, one
advice-giver suggested agreeing to meet and then
cancelling at the last minute as a sure way to
“send a message.”
Obviously I was out of touch. Have more than
two decades of reality TV taught us a new way to
deal with people we don’t like; we vote them off
the island or fire them from the show? Have we
become a society that believes that to ignore and
avoid, to delete someone or to ghost them, is “for
the best” simply because it’s easier?
I guess I am old-fashioned. I believe in stepping
up to the uncomfortable, to being willing to feel
pain if you are knowingly causing it. Ghosting is
no way to end a relationship – it’s the desecration
of friendship itself. After all, our humanity is not
defined by how we treat our friends, but by how
we treat the people who are not our friends or no
longer our friends. I believe it is possible to care
about others even if you do not wish to carry on a
relationship with them.
I still care about my friend and I miss her, but I
respect the decision she has made to let me go. I
wish she had been less fashionable. I wish she had
shown more courage. Even though the friendship
was over, I wish she had shown me that she still
cared.
JENNIFER M. SMITH LIVES IN BURLINGTON, ONT.
We want your personal stories. See the guidelines on our website tgam.ca/essayguide
ILLUSTRATION BY DREW SHANNON
DON’T GHOST ME,
YOU COWARD
I sensed a chasm
between us. Was she
okay? Was there
something I’d said or
done to cause this
distance in our
friendship, or was it
something I hadn’t
said or hadn’t done?
If you don’t want to be my friend any more,
Jennifer M. Smith writes, then at least be honest about it
THE QUESTION
I recently completed my PhD
and started working on another
project immediately afterward. I
was able to get a workspace at
an organization a few days dur-
ing the week (I have another job
on the other days). The people
at the office are warm and wel-
coming, but my issue is about
socializing with a larger group.
I’m not used to office culture.
One on one I’m fine, but I find it
hard to join in conversations
that go around in the cubicles,
or when people congregate in
the kitchen. I can hold my own
at parties. Here, though, I feel
awkward. I would like to join in
and add to the conversation, but
I haven’t been in this kind of
work setting before. I also spent
the past year focused on my the-
sis and was writing in relative
isolation. My social group was
small and consisted of family
and close friends.
Now, I’m realizing how out of
practice I am at making small
talk. I’m worried I’m giving the
impression that I don’t want to
engage socially or that perhaps
I’m aloof, which isn’t true.
Actually, I’d like to grow my net-
work, meet cool people and
become more social. Any
advice?
THE ANSWER
You’ve come to the right place.
All my life, I’ve alternated be-
tween office work and writing in
splendid isolation in my home
office. At the risk of stating the
obvious: You say you’re good at
parties but find it difficult to so-
cialize at work. The reason is
because seeing people socially
and socializing with them at
work are two distinct animals/
entities.
When we see people socially,
it tends to be for short periods
and not that often – say a few
hours every few weeks – and
there’s not a lot at stake. So peo-
ple are able to present their best
face to you, the “greatest hits” of
their personality.
But when you’re cheek-to-
jowl, cubicle-to-cubicle, all day,
day in, day out with someone,
you get a more three-dimen-
sional picture of a person’s char-
acter. On the few occasions I’ve
worked with someone I’d pre-
viously only known socially,
even someone I’d known a long
time, it was a revelation: I’ve
only really known the tip of the
iceberg of this person.
Then there’s the food-on-
table aspect of work. Non-work
socializing is all, “Ha-ha-ha, pass
the chardonnay, let me tell you
about my trip to Curacao, you
look great in that shirt by the
way …”
At work, it’s all about keeping
that same shirt on your back, as
well as groceries in the fridge
and diapers on the baby. People
are willing to go to the mattress
for that sort of thing. Suddenly,
there are stakes.
People at work are socializing,
yes, but with more of an agenda:
covering their asses, trying to get
ahead, maybe glean some infor-
mation about you to rat you out,
curry favour with the boss, and
so on.
(At least if the places I’ve
worked are anything to go by.)
So they tend to behave in a
more Machiavellian fashion,
backstabbing and double-cross-
ing, playing cards closer to the
vest than they do at, say, a din-
ner party.
But you’re in a unique posi-
tion in that you have no real
skin in the game when it comes
to the politics of the office in
which you occupy a cubicle.
You’re a renter, an interloper,
an outsider. On the one hand, it
means you are missing out on a
key avenue to making friend-
ships – working on a shared
enterprise – but on the other, it
means you can lend an impar-
tial ear to whatever whining,
complaining and kvetching peo-
ple need to unburden them-
selves.
ARE YOU IN A STICKY SITUATION?
SEND YOUR DILEMMAS TO
DAMAGE@GLOBEANDMAIL.COM.
I’m not a
recluse – just
out of practice
with
conversation
DAVID EDDIE
OPINION
FACTS & ARGUMENTSA10 I THE GLOBE AND MAIL | SUNDAY, DECEMBER 3, 2017
Photographs and text by Alia Youssef
MEHNAZ AHMED
“In most environments I find myself in (UofT,
a lab, airplanes, other countries) I believe
that I am perceived as a minority. Sometimes
I think people see me as a token... a represen-
tation of the ‘Muslim woman’, almost like a
prototype for how most Muslim women act,
what they do, and what they aspire to be.”
THE BIG PICTURE
When Mehnaz isn’t busy being a full time
Bachelor of Science student, an undergrad
researcher, and a senior mentor with the
FITF Peer mentorship program, she enjoys
going to quaint neighborhoods, indepen-
dent gelato shops, and strolling by a large
body of water on a nice day. She is 22
years old, was born in Canada, and her
favourite quality in someone else is when
they put in the effort to learn things about
her. This brought up an interesting ques-
tion of how she feels others perceive her.
“I would like to be perceived as a capable,
intelligent, confident person whose deter-
mination, perseverance and resilience
amounted to any success I am fortunate
to receive. Furthermore, I hope to one day
be perceived as a kind, generous, philan-
thropic leader who just happens to be a
follower of Islam and is a good role
model.”
SUMAIYA TUFAIL
“The woods is a place where I can escape the
city, pollution, people, exchange O2 with the
trees, make Dhikr (remembrance) of Allah,
and be inspired to write a poem.”
Sumaiya, known widely as “Sumi Speaks”
on her social media platforms, is a 22 year
old Poet. She’s currently studying in
Sudan for a year learning Arabic and will
be launching a visual poetry book in a few
months. Her book will talk about topics
that are important to Sumaiya, such as
3rd wave feminism, consumerism, islamo-
phobia, self-hate, stigma, and naturalism.
Because of her work, Sumaiya suspects
that she’s perceived as an outspoken and
positive person and she hopes to be a pos-
itive inspiring person to the people who
see her work and who are around her.
Even though Sumaiya’s favourite quality
about herself is that she’s extremely
ambitious, the one thing she knows for
sure is that “if you believe you can accom-
plish anything with Allah you will.”
SAHAR ANSARI
“This is one my favourite spiritual places
with good vibrations for me.”
The
Sister’s
Project
Sahar is a 33 year old regulatory affair
specialist in Pharmaceuticals from Iran.
Her favourite hobby is listening to tradi-
tional music, being in nature, and spend-
ing as much time as she can by the water.
When I asked Sahar what her own fav-
ourite quality was she responded, “my
smile never goes off from my lips”(which
I can’t help but agree with.) She is a beau-
tiful soul that believes the most impor-
tant part of life is to live life with love.
Sahar told me if there is one thing she
knows for sure it is that "we are nothing-
everything is nothing but love.”
SUNDAY, DECEMBER 3, 2017 | THE GLOBE AND MAIL I A11
AIMA WARRIACH
“Being bombarded of images such as the
niqab being worn by ISIS terrorists, images
of sunken eyes, and worn out souls, I took it
upon myself to change that narrative.”
Aima, 20, is a politics student, an anime/
manga and all things Korean enthusiast,
a lover of books, and has endless passion
and energy. Her passion and energy,
especially for fighting the patriarchy, is
her favourite quality about herself, and
her favourite quality in another person is
resilience when faced with hardships, but
also their ability to be in touch with their
emotions. Aima told me, “I wear niqab as
an act of defiance against the patriarchy
that keeps telling me what to wear
because somehow they know what it
means to be liberated from “Taliban like
oppression.” she continued to say,
“because at the end of the day being a
Muslim, woman of colour, Canadian-
immigrant, and a feminist to top it all off,
it doesn’t matter if I free the nipple or if I
wear niqab. My body will be policed and
my choices scrutinized.” The most impor-
tant thing to Aima is expressing her soli-
darity and using her skills and energy to
help others become more “woke” and
aware of today's issues.
JANA GHALAYINI
“Our collective energy and efforts can make
a change no matter how big or small that
change is, if it is positive it will lead to some-
thing greater!”
Jana is a 24 year old artist. She recently
received her BFA in printmaking, and was
honoured with the medal in her pro-
gram. Her art work explores her identity,
culture, ideas of home, and sense of
place. Jana loves watching films and con-
tributing to community projects such as
the Palestinian film festival. Jana’s fav-
ourite place to be is wherever she can
make her work. That way she can reflect
on and understand herself better, and
she can also stay true to herself which is
most important to her. One thing she’s
realized about herself and come to love is
how empathetic and intuitive she is. She
told me these qualities really come
through when she is making her art.
When I asked Jana what one thing is that
she knows for sure she told me,
ASALAH YOUSSEF
“The barn is my happy place, it’s where ev-
erything else that happened in the day
doesn’t matter anymore, because the only
thing I need to focus on is myself and my
horse. It’s is such a therapeutic place. Some-
times it helps me to control my emotions
and sometimes it helps me to release them,
because you get to be one with nature and
your horse.”
Asalah is a 14-year-old student at a fine
art high school and an advocate for the
Real Acts of Caring organization. She has
been featured on podcasts, spoken to
high school students, and advocated to
local and national school boards, and city
councils about how important spreading
acts of love and kindness is in everyday
life and how it should be a focus of teach-
ing in schools. She was chosen by the
Vancouver Canucks to be a ‘Hammers
Hero’ and a video was played about her
during the game’s half time and the
entire stadium and hockey team cheered
her on. When she’s not helping the peo-
ple around her, she likes to either be
practicing her love for photography,
going on walks in nature, or spending
time with and riding her horse.
From pre-19th century imperialism to Trump’s Muslim ban, colonial representations of Muslim
women have circulated in literature and media time and time again. These representations depict
Arab women as voiceless, oppressed, demure, and helpless, essentially complete victims of their
patriarchal societies. This one-dimensional image is stamped repeatedly on the bodies of every
single Muslim woman, all 850 million of them, Arab or not. This “sameness” has had a part in
motivating a 42% increase in the number of hate crimes against Muslim women in the past three
years and has become the basis for widespread islamophobia. The Sisters Project counters the
idea that Muslim women can be painted with one brush by humanizing and diversifying the nar-
ratives of Muslim women. The project asserts that agency and individuality is broadly present in
Islam, intrinsically and extrinsically, in the everyday lives of women across the globe. The portraits
that make up this project show Canadian Muslim women doing and creating, showing their abili-
ties, and excelling on all levels in their communities. Whether a kinesiology student considering
medical school, an ESL teacher who eases immigrants into Canadian life, or the program manager
of Ecotrust working tirelessly to preserve the British Columbian rainforest, these women make up
the fabric of contemporary Canada. This project subverts labels and false associations, counters
voicelessness and lack of agency, and shows women in control of their lives.
SUNDAY, DECEMBER 3, 2017B16
Israeli actor
played a
femme fatale
in spy spoofs
D
aliah Lavi, an Israeli actress
who transitioned from se-
rious parts in foreign cin-
ema and in dramatic films like
“Lord Jim” to lighthearted turns
in 1960s spy-movie spoofs like
“Casino Royale,” died on Wednes-
day at her home in Asheville, N.C.
She was 74.
Her husband, Charles Gans,
confirmed her death but did not
specify the cause.
Ms. Lavi, who spoke several
languages, became an actress as
a teenager while studying ballet
in Sweden. Her first movie was a
1955 Swedish adaptation of Au-
gust Strindberg’s novel “The Peo-
ple of Hemso.”
She went on to play a reporter
in the German thriller “The Re-
turn of Dr. Mabuse” (1961), the ro-
mantic lead flogged in Mario Ba-
va’s lurid Italian horror film “The
Whip and the Body” (1963), and
Cunégonde to Jean-Pierre Cassel’s
Candide in a 1960 French film ad-
aptation of Voltaire’s novel.
“A new actress by the name of
Dahlia Lavi is impressive along
the lines of Brigitte Bardot or
Claudia Cardinale as the lustrous
Cunégonde,” Bosley Crowther
wrote in a review in The New York
Times, which, like many reviews
and film credits from the period,
misspelled Ms. Lavi’s first name.
Her first American film was
“Two Weeks in Another Town”
(1962), Vincente Minnelli’s dra-
ma, starring Kirk Douglas, about
filming a movie in Rome. Ms. Lavi
said Mr. Douglas had discovered
her as a child in Israel and started
her on the path to becoming an
actress.
“Lord Jim” (1965), Richard
Brooks’s adaptation of the Jo-
seph Conrad novel starring Peter
O’Toole, was to be the breakout
American role for Ms. Lavi, who
played Mr. O’Toole’s love interest.
But the movie flopped, and Ms.
Lavi accepted a new career path
as scantily clad femmes fatales in
a number of parodies that sprung
up after the initial success of the
James Bond films.
She appeared in “The Silenc-
ers” (1966), the first of Dean Mar-
tin’s Matt Helm films, and “The
Spy With a Cold Nose” (1966), a
British comedy built around the
conceit of a bugged bulldog. It
also starred Lionel Jeffries and
Laurence Harvey.
Perhaps the best example of
the subgenre was the discursive,
psychedelic “Casino Royale”
(1967), which had almost noth-
ing in common with Ian Flem-
ing’s first Bond novel besides the
titular casino. The movie had an
ensemble cast that included Peter
Sellers, Orson Welles, Ursula An-
dress, Deborah Kerr and Woody
Allen; and an ensemble of direc-
tors that included John Huston,
Ken Hughes and Joseph McGrath,
each shooting a segment.
Ms. Lavi played a British agent
who tricks Mr. Allen’s character
into poisoning himself with an
atomic pill.
The critical response was
largely negative, but audiences
enjoyed it, making it a financial
success, as was the soundtrack
by Burt Bacharach. But it marked
the beginning of the end of Ms.
Lavi’s American film career.
Daliah Levinbuck was born on
Oct. 12, 1942, in Haifa, in what was
then British Palestine. (Her last
name at birth is spelled different-
ly by some sources online).
Ms. Lavi told The New York
Post that she was 10 when she
met Mr. Douglas, who was in Isra-
el filming “The Juggler,” and told
him that she wanted to become a
dancer.
He helped persuade her par-
ents to send her to Stockholm
for dance instruction when she
was 12. Her father died when she
was 16, and she returned to Israel,
where she worked for a time as a
swimsuit model before becoming
a full-time actress.
Ms. Lavi was married four
times. In addition to her husband,
she is survived by a sister, Michal
Vizansky; three sons, Alexander,
Rouven and Stephen Gans; a
daughter, Kathryn Rothman; and
six grandchildren.
In 1964, before “Lord Jim”
opened, Ms. Lavi told The Boston
Globe that she took the vicissi-
tudes of her film career in stride.
“I like acting and it pays well,
and they say one day I will be-
come a big star,” she said. “But I
don’t really care about an acting
career. I’d rather be a dancer.”
DANIEL E. SLOTNIK
DALIAH LAVI
PERFORMER, 74
J. P EARC E BU N TIN G
STO CK E XCHA NGE PRESIDE NT, 8 7
VISIONARY TSX
LEADER EMBRACED
TECHNOLOGY
FRED LANGAN SPECIAL TO THE GLOBE AND MAIL
To submit an I Remember: obit@globeandmail.com
Send us a memory of someone we have recently profiled on the Obituaries page.
Please include I Remember in the subject field.
A
. Pearce Bunting, who died last month at
the age of 87, was president of the Toronto
Stock Exchange for 17 years, from 1977 to
1994. He was from central casting: hand-
some, well dressed, with impeccable manners and
a fine pedigree; he was the public ideal of what a
stock exchange president should be.
He was also a visionary who embraced the future.
Though he grew up in the era of ticker tape and
open outcry markets, with floor traders shouting
themselves hoarse – some needed voice training
to cure damaged vocal cords – as president of the
Toronto Stock Exchange he brought in computer-
aided trading, starting in 1977.
This was the beginning of the end for the floor
traders. Slowly computers took over, though the
floor of the exchange wouldn’t close until 1997.
Mr. Bunting is also credited with creating the
world’s first ETF or exchange-traded fund, when he
helped put together a way to trade the top 35 stocks
on the exchange through one instru-
ment.
John Pearce Bunting was born in
Toronto on Sept. 6, 1929, three days
after stock markets hit their peak –
measured by the Dow Jones Industrial
Index – after rising tenfold during the
Roaring Twenties, following the First
World War. He was not yet two months
old when the crash happened on Wall
Street, when markets lost more than 30
per cent in one week and kept falling
until the middle of 1932.
Markets in Toronto and Montreal
(then the more important exchange) plunged with-
in hours of the crash in New York – with the news
coming by telephone or broker’s private wires, ac-
cording to a case study by Joe Martin of the Rotman
School of Management at the University of Toronto.
“Stock speculators shaken in wild day of panic,”
read The Globe’s front page headline on Oct. 30,
1929.
No brokerage houses in Toronto went under,
though, including Alfred Bunting and Co., the
firm run by Pearce Bunting’s father, Alfred, who
specialized in mining stocks. Toronto exchanges,
there were two of them at the time, fared better
than those in New York because of a mining boom,
helped in great measure by the price of gold rising
under an order from former U.S. president Franklin
D. Roosevelt.
Alfred Bunting and Co. and the Toronto markets
prospered, while Montreal firms and the Montreal
Stock Exchange, home to banks and large industri-
als, floundered. Volume on the Toronto exchanges
passed Montreal in 1934, and kept growing, presag-
ing Toronto’s rise as the financial capital of Canada,
the theme of Mr. Martin’s case study.
Pearce Bunting grew up in Oakville, Ont., insu-
lated from the Great Depression that followed the
stock market crash. The name Pearce came from his
mother, Harriet Pearce. He attended Appleby Col-
lege, a private preparatory school in Oakville. Pearce
was a top track athlete, specializing in running the
mile. He won speaking and writing contests and was
head prefect at his house at the boarding school.
He went on to McGill University, where he board-
ed with a Polish family, living in an attic. One of his
fellow boarders was Zbigniew Brzezinski, who later
became national security adviser to former U.S.
president Jimmy Carter. Mr. Bunting graduated with
a commerce degree in 1952. He worked at the bro-
kerage firm McLeod Young Weir.
Mr. Bunting told The Globe and
Mail’s Vivian Smith in 1988 that he al-
ways assumed that his father’s partner
was going to buy the firm, so he never
really planned a career in finance. He
spent the summer of 1955 in Europe
where he met his first wife, Bodil Malm-
strom. He had returned to Montreal to
work for another firm when his father
called him and said he had bought out
his partner and he asked Pearce to join
the family firm.
Mr. Bunting worked on the trading
floor of the Toronto Stock Exchange for two and a
half years before he returned to Alfred Bunting and
Co. By 1967 he was president. He modernized the
firm, shifting its client base from wealthy individu-
als to institutions, such as banks, pension funds and
insurance companies.
The Toronto Stock Exchange was controlled by
the brokers. Mr. Bunting became a governor of the
exchange and its chairman, a post he could hold
while still running his family firm.
In 1977 he left Alfred Bunting to become presi-
dent of the Toronto Stock Exchange, moving into
a fourth-floor office insulated from the noisy trad-
ing floor of the art deco building, which opened in
1934. He soon set about modernizing the exchange.
He brought in a system called CATS, short for Com-
puter Assisted Trading System, much to the disgust
of the floor traders he once worked alongside.
He brought in computer-aided trading and helped create
the world’s first exchange-traded fund
Pearce Bunting
grew up in
Oakville, On.,
insulated from
the great
depression that
followed the
stock market
Obituaries
Weak support
for supply
management in
NAFTA talks
A new survey shows most Canadians
would accept a weakening of
protections for domestic producers
Say that supply
management
should be on the
chopping block
without any
resistance
26%
U.S. President Donald Trump has called Canada's
restrictions on dairy imports a "disgrace," raising
expectations that Canada's policy of supply man-
agement will be under pressure when formal ne-
gotiations begin later this month to update North
America's trading regime.
Current television ads from the Dairy Farmers of
Canada showing young campers enjoying ice-cream
cones on the bus and ballplayers celebrating with
postgame pints of milk are aimed at instilling warm
feelings in the hearts of Canadians when it comes to
supply management.
But a survey by the Angus
Reid Institute shows those
farmers have a lot more per-
suading to do with the general
public.
Canada's supply-manage-
ment policy – which includes
extremely high import duties
to restrict imports and tight
quotas on the amounts a farm-
er can produce – are frequently cited as an irritant
by other countries when it comes to trade. Canada
accepted some concessions in its trade deal with the
European Union that will allow for more agricultur-
al imports, but the supply-management system was
maintained.
The survey asked participants for their views on how
Canada should handle the supply-management is-
sue during the approaching NAFTA negotiations.
"If concessions are demanded at the negotiating
table, most Canadians seem quite comfortable with
the idea of at least talking about scrapping the sys-
tem," the institute states in a report. According to
the survey, just 29 per cent say they would want the
government to stand firm in negotiations and pro-
tect supply management.
NAFTA, PAGE X
Business
Report on
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VIJAY SINGH -6
DANIEL S. -5
TENNIS
ANDY MURRAY 7750
RAFAEL NADAL 7465
ROGER FEDERER 6545
NOVAK DJOKOVIC 6325
SOCCER
How Jessie Fleming
elevates Canada in
women’s soccer
PAGE S4
GOLF
Alena Sharp, Brittany
Marchand off to strong
starts at Manulife LPGA
PAGE S6
GLOBE INVESTOR
Alphabet and Amazon have seen their
shares pass the $1,000 benchmark,
proving investors have buoyed
confidence in tech giants PAGE B7
ALPHABET........................................................B10
APPLE................................................................B8
ASANKOGOLD...................................................B5
BOMBARDIER.....................................................B5
CAMECO...........................................................B10
CANADA GOOSE HOLDINGS .......................... B12
CANNABIS WHEATON ....................................... B3
CSX ................................................................... B5
EBAY................................................................B12
FAIRFAX FINANCIAL HOLDINGS ........................ B8
FITBIT ................................................................ B8
ICICI BANK ........................................................ B8
TD BANK ......................................................... B3
COMPANIES
S&P/TSX 15,039.87 174.84 | DOW 18,956.69 88.76 | NASDAQ 5,368.86 47.34 | DOLLAR 74.55/1.3413 0.55 | GOLD 1,209.80 1.10 | OIL 48.24 1.88 | GCAN 10-YR 1.56% 0.01
Bombardier begins Global
7000 luxury jet assembly
Bombardier Inc. has started building its new Global 7000 luxury jet for initial customers, capitalizing on new systems. CREDIT/CREDIT
Bombardier Inc. has started building
its new Global 7000 luxury jet for ini-
tial customers, capitalizing on new
factory systems to speed up manu-
facturing as it tries to get the plane
certified and into service by the end
of 2018.
The Canadian plane maker, which
received $372.5-million in federal
aid earlier this year – earmarked
largely for the new Global jet – said
it is running four Global 7000 planes
through final assembly in Toronto.
At the same time, three Global 7000
jets are in flight testing, with two oth-
ers expected to join them shortly.
“The program’s development and
certificationscheduleisontrack,”Mi-
chel Ouellette, senior vice-president
in charge of the Global 7000/8000
program, said in a statement to be
released Monday. “Our confidence
level is high.” The Global 7000, which
sells for a list price of about $72-mil-
lion (U.S.), and sister 8000 aircraft
are Bombardier’s biggest business
jets. Their development is a key pillar
of the company’s turnaround plan
as chief executive Alain Bellemare
and his team aim to build a luxury-
aircraft business that will generate a
minimum 8-per-cent pretax margin
on revenue of $10-billion by 2020.
It’s not unusual for a manufacturer
to start building the first units of an
all-new aircraft for customers before
testing on the plane is complete and
it wins certification from regulatory
authorities. But Bombardier says the
build-up for the Global 7000 is hap-
pening faster than with previous air-
craft, partly because of innovations it
has introduced on the factory floor
Those include the introduction of a
special interiors test rig at a facility in
Dorval, Que. The rig is a replica of the
plane’s actual fuselage. Using data
collected from the flight-test aircraft,
the rig simulates the kind of real-
world conditions the plane will be
subject to in order to determine the
impact on the jet’s highly-custom-
ized interiors.
BOMBARDIER, PAGE B4
Executives are confident
the new series, which is a
key pillar of the company’s
turnaround, will be
delivered on schedule
‘Day of reckoning’
looms for consumer
debt bomb
T
im Hortons plans to expand to Spain, its
fourth venture abroad in recent months,
as it tries to overcome lagging sales and an
internal revolt from franchisees in Canada.
Restaurant Brands International, the parent
company of the coffee-and-doughnut chain, said
Wednesday it has signed a deal with a joint venture
partner to set up shop in one of the largest cafe mar-
kets in Europe. Chief financial officer Josh Kobza
said Spain provides an intriguing opportunity for
RBI in its quest to be a dominant player in the global
coffee industry following forays into Mexico, Britain
and the Philippines.
"We're building a lot of momentum in the inter-
national business," Kobza said in an interview.
"Some of our other potential partners are starting
to see how well the Tims brand is resonating in oth-
er countries outside of Canada around the world."
The announcement coincided with RBI's results
that showed same-store sales at Tim Hortons, an im-
portant metric in retail measuring sales at locations
open for at least a year, fell for the second consecu-
tive quarter.
TIM HORTONS, PAGE X
Restaurant Brands
signs deal to take
Tim Hortons to Spain
That's the takeaway from a handful of recent stud-
ies, one of which warns a "day of reckoning" may be
looming, at least for those who have borrowed far
more than they should have.
This comes amid exceptionally high property val-
ues in some cities, even as prices ease somewhat in
regions such as the Toronto area, where recent pro-
vincial government measures are aimed at prevent-
ing a burst bubble.
But it also comes amid rising interest rates, which
is precisely the issue.
Let's start with prices. The latest study of afford-
ability by National Bank of Canada suggests we're
now experiencing the "least affordable market" in
nine years, based on mortgage payments as a per-
centage of income. This rose in the second quarter
of the year, meaning that, nationally, it takes 39.4
months to save for a down payment on a "represen-
tative home" at a savings rate of 10 per cent. That's
up from 35.3 months a year earlier.
"The worsening of affordability in Q2 was the
eighth in a row, the longest run in almost three de-
cades," said Matthieu Arsenau and Kyle Dahms of
National Bank.
DEBT, PAGE X
Sports
NICOLAS VAN PRAET
BILL CURRY
MICHAEL BABAD ERIC REGULY
n OPINION
SUNDAY, DECEMBER 3, 2017 B11
S
till riding the momentum from
the bronze medal she won at the
2016 Games, Masse roared to vic-
tory in the 100-metre backstroke in
a world-record time Tuesday at the
world swimming championships in Buda-
pest, Hungary. In the process she became
Canada's first ever woman world champion
swimmer.
Masse powered to the wall in a time of
58.10 seconds, edging the previous long-
course backstroke record of 58.12 seconds
set by British swimmer Gemma Spofforth at
the 2009 world championships in Rome.
"I don't think it's really sunk in yet,"
Masse said in a conference call Tuesday. "I
touched the wall and looked back and had
to make sure I was looking at the right name
and the right time. I was just super excited.
In the moment I don't even know what I was
thinking but excitement and joy."
Masse is the first Canadian to hold the
100-metre long-course backstroke record
since Wendy Cook in 1974 and the first Ca-
nadian record holder in any discipline since
Annamay Pierce set the 200-metre long-
course breaststroke record in the semifinals
of the 2009 championships.
While she said she and her coaches have
been fine-tuning her technique — she men-
tioned her starts and turns as key areas of
focus — Masse is quick to credit the 2016
Olympics as a turning point. It was a mas-
sive success for Canada's women's swim
team which won six medals, including four
by Toronto teen Penny Oleksiak, and was
given The Canadian Press Team of the Year
award for 2016.
SWIMMING, B15
RECORD BREAKER‘I think it was incredible last summer to be a part of that Canadian
team and it really gave us confidence and momentum,
and showed we belong on the international stage’
Sports
An underwater camera shows Masse competing in the women's 200m freestyle final during the swimming competition
at the 2017 FINA World Championships in Budapest MARTIN BUREAUMARTIN BUREAU/GETTY IMAGES
BASEBALL
Donaldson’s 10th-
inning home run
helps Blue Jays avoid
the sweep
PAGE S2
SOCCER
Jessie Fleming lifts
Canada over Costa
Rica in women’s
soccer friendly
PAGE S4
GOLF
Alena Sharp,
Brittany Marchand
off to strong starts
at Manulife LPGA
PAGE S6
Weekday: Friday
Drive
SECTION B | TOPIC | TOPIC | TOPIC
TRUMP Lorem fugiati squos min es susa sed que mis imussum in TURNWORD, A6
HOUSING Ipsum squos min es susa sed que mis imussum in TURNWORD, A6
NAFTA Dolor a vent fugiati squos min es susa sed que mis imussum in TURNWORD, A6
THE
TESLA
FACTOR
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vel in nobit et re posandisit
ommolupports ipsam vel
in nobit et re posandisit
ommolupit labor rum
Lorem fugiati squos
min es susa sed que
mis imussum in
TURNWORD, A6
Lorem fugiati squos
min es susa sed que
mis imussum in
TURNWORD, A6
Lorem fugiati squos
min es susa sed que
mis imussum in
TURNWORD, A6
W
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namu sdaectissum et fuga. Ga. Ita
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debis doluptatiati nam, utempel li-
gendae od essit lantia suntiur solup-
tata deliciu mquunt volum hitatios
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LORE ABOR
IQUOS ETUM
IPSAM VEL IN
NOBIT ET RE
POSANDISIT
OMMOLUPIT
LABOR IQUOS
ETUM IPSAM VE
L IN NOBIT ET
RE POSANDISIT
OMMOLUPIT
LABOR
Estate
Real
Fort McMurray
rebuilding faster
than expected,
CMHC says
Fort McMurray is rebounding more quickly than ex-
pected from the loss of 2,500 homes in a devastating
wildfire last year, with one-third of destroyed houses
now under reconstruction in the northern Alberta
city.
A new report by Canada Mortgage and Housing
Corp. says rebuilding has started on a total of 844
homes that were destroyed by fire in May, 2016, with
722 of the projects launching in the first half of 2017
and the rest launched in 2016.
The study said 99 per cent of the houses destroyed
in the fire are slated to be rebuilt, with only a small
number of sites to be left vacant to create a flood de-
fence zone.
At the current pace, the rebuilding should be com-
pleted by 2020 or 2021, said CMHC analyst Timothy
Gensey, who wrote the new report. The city will see
its highest level of housing construction starts this
year since 2009, when Fort McMurray was booming
due to high oil prices.
Fort McMurray fire: One year later, a look at a city
working to rebuild from tragedy
“Even in spite of uncertain oil prices, residents
of Fort McMurray are returning, they are rebuilding
their homes and the community remains vibrant,”
Mr. Gensey said in an interview.
Mr. Gensey said he had predicted last year that
rebuilding would take longer because many at the
time felt the city lacked the capacity to launch more
than 600 new home construction projects in one
year. But the construction push has increased more
quickly than estimated, due in part to an influx of
construction workers from other areas.
“The community has persevered and there has
been a strong push for rebuilding this year,” Mr.
Gensey said.
The building boom comes as Fort McMurray is
facing ongoing weak employment and weakness in
the resale home market due to low oil prices, which
began to fall in 2014.
Mr. Gensey said it appears most residents have
opted to rebuild rather than leave the city or move
to other areas. He said there is a risk the city’s house
supply will outstrip current demand if energy pric-
es remain low, but said reconstruction has been an
appealing option for people who want to return to
their homes and stay in their neighbourhoods.
The vacancy rate in the city’s rental market has
fallen from 29 per cent in 2015 to 18 per cent in 2016
as many displaced residents opted to rent while
waiting for their houses to be rebuilt. CMHC is fore-
casting vacancy levels will fall to 10 per cent this year
because of demand from construction workers com-
ing to the city to work on house rebuilding projects.
Mr. Gensey said he is not certain whether vacan-
cy rates will remain as relatively low in 2018 or 2019,
however, because people will begin moving back
into their rebuilt homes, freeing up rental space.
Ontario’s new energy-efficiency rules could save
homeowners money in long run
SAVE THE PLANET
SAVE SOME CASH
W
hen Ian Roland and Linda Rothstein, who
are partners in both law and marriage, de-
cided to extensively renovate their home
three years ago, they made green design a
key priority, and not just because they wanted, as Mr. Ro-
land puts it, to “leave as little footprint as possible.”
He describes their rambling old midtown house,
which they sold in 2013, as “a leaky old ship” that cost
them about $7,000 a year in electricity and gas bills.
The couple retained Toronto architect Heather Dub-
beldam to design a renovation that would be highly en-
ergy-efficient. “It’s a very tight ship,” Mr. Roland says of
their new home. Its features include superhigh velocity
cooling, low-flow plumbing, extensive insulation and
skylight that allows natural ventilation. The bottom line:
Their energy bills are less than half of what they were in
their previous dwelling.
While such projects shoot well past minimum re-
quirements, changes to the Ontario Building Code this
year will bring more energy efficiency to all new homes
as well as some renos. Ms. Dubbeldam says the 2017 revi-
sions are about 15 per cent more efficient than the previ-
ous set, adopted in 2012. They’re also more prescriptive:
The code gives designers fewer options in terms of how
to achieve those targets. Still, she adds, “it will actually
save you money in the long run.”
“We do relatively well compared to other countries,”
says Ted Kesik, a professor of building science at the Uni-
versity of Toronto’s faculty of architecture, landscape
and design. But some, he notes, especially Germany and
the Scandinavian countries, have adopted far more am-
bitious building codes, such as so-called passive-house
NATIONAL EDITION
TUESDAY, DECEMBER 1, 2017
GLOBEANDMAIL.COM
Weekend: A+B
Comey speaks: Highlights from his testimony on Trump PAGE B1
MARGARET WENTE
How investors can
prepare for the next
market downturn
PAGE B2
DOUG SAUNDERS
How to play
Toronto’s falling
real estate prices
PAGE B6
ADAM RADWANSKI
Eight companies
insiders are buying
and selling
PAGE B4
KINDER MORGEN ............... A10
HOME CAPITAL .................. A11
CANADA 150 .................... A13
PERSONAL FINANCE ............ A13
NAFTA ........................... A14
UNFOUNDED .................... A15
KINDER MORGEN ................ A10
HOMECAPITAL................... A11
CANADA150..................... A13
PERSONAL FINANCE ............. A13
NAFTA ........................... A14
UNFOUNDED .................... A15
TOPICS TOPICS
How we
got here
In 51 days, Donald Trump
could be elected president.
Joanna Slater examines how
a bigoted, fear-mongering
billionaire came to embody a stark
shift in American politics
TURNWORD, B6
THE
GLOBE
AND
MAILBRITISH COLUMBIA EDITION
TUESDAY, DECEMBER 1, 2017
GLOBEANDMAIL.COM
S&P/TSX 15,039.87 ‚174.84 | DOW 18,956.69 88.76 | NASDAQ 5,368.86 ‚47.34 | DOLLAR 74.55/1.3413 0.55 | GOLD 1,209.80 1.10 | OIL 48.24 1.88 | GCAN 10-YR 1.56% ‚0.01
Business
Report on
W
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lant duntusam asseque excea neturep tatur, omni-
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nam, utempel ligendae od
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tios aliquid ut hictorest aut
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rae. Itas magnatur?
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dolutesendel mod quae qui cus provit quidebit,
TURNWORD, B6
Brexit blues:
For U.K. winner,
a soft economy
Despite retreat,
Shell affirms
commitment
to Canada
SOLAR-TRADE
BATTLE HEATS UP
Ontario manufacturer among the producers that could be hit by tariffs
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ERIC REGULY
EUROPEAN BUREAU CHIEF
BYLINE HERE
TITLE OR COLUMN HERE
LORE ABOR
IQUOS ETUM
IPSAM VEL IN
NOBIT ET RE
POSANDISIT
OMMOLUPIT
European Dividend Growth Fund (the “Fund”) is offering units to investors either by (i) cash payment of $10.00 per unit, or (ii) an exchange
of securities of any exchange eligible issuer listed below. Please contact your investment advisor or refer to the preliminary prospectus dated
May 30, 2017 for detailed information on how to participate in the offering by way of either cash purchase or exchange of securities. The Fund
will invest in a portfolio of equity securities of 20-25 large capitalization European Dividend Growth Companies selected by Brompton Funds
Limited, giving consideration to dividend growth potential, valuation, profitability, dividend yield, balance sheet strength, and liquidity. The initial
distribution target for the Fund is $0.04167 per Unit per month representing a yield on the subscription price of 5.0% per annum.
EXCHANGE OFFER AND CASH OPTION AVAILABLE
Exchange deadline: 5:00 p.m. (Toronto time) on June 22, 2017. CDS participants may have earlier deadlines.
A preliminary prospectus containing important information relating to the units has been filed with securities commissions or similar authorities in each
of the provinces and territories of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus
may be obtained from your financial advisor. This advertisement shall not constitute an offer to sell. There will not be any sale or any acceptance of
an offer to buy the securities until a receipt for the final prospectus has been issued. There are ongoing fees and expenses associated with owning
shares of an investment fund. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
IF YOU OWN ANY OF THE FOLLOWING SECURITIES, YOU ARE INVITED TO EXCHANGE THOSE SECURITIES FOR UNITS OF EUROPEAN DIVIDEND GROWTH FUND
www.bromptongroup.com 1-866-642-6001
European Issuers
(ADRs unless otherwise noted)
ABB
Anheuser-Busch Inbev
ASML Holding
Astrazeneca (Common)
Astrazeneca
Banco Bilbao Vizcaya Argentaria
Banco Santander
Barclays
BMW (Common)
BP
British American Tobacco
BT Group
Carnival Corporation (Common)
Carnival plc
Daimler (Common)
Diageo
ENI
Glaxosmithkline
HSBC Holdings (Common)
HSBC Holdings
ING Groep
Lloyds Banking Group
National Grid
Novartis
Novo Nordisk
Prudential plc
Rio Tinto
Royal Dutch Shell (Class A)
Royal Dutch Shell (Class B)
Sanofi
SAP
Shire
Syngenta
Telefonica
Total
UBS (Common)
Unilever
Vodafone Group
Canadian ETFs
iShares MSCI EAFE Index ETF
iShares Core MSCI EAFE ETF
iShares MSCI Europe IMI Index ETF
FTSE Dvlpd. Europe All-Cap Idx. ETF
Canadian Issuers (Common)
ARC Resources
Barrick Gold
Blackberry
Bombardier
Cameco
Cenovus Energy
Crescent Point Energy
Eldorado Gold
ABB
BUD
ASML
AZN
AZN
BBVA
SAN
BCS
BMW
BP
BTI
BT
CCL
CUK
DAI
DEO
E
GSK
HSBA
HSBC
ING
LYG
NGG
NVS
NVO
PUK
RIO
RDS.A
RDS.B
SNY
SAP
SHPG
SYT
TEF
TOT
UBSG/UBS
UL
VOD
XIN
XEF
XEU
VE
ARX
ABX
BB
BBD.B
CCO
CVE
CPG
ELD
Enbridge
Goldcorp
Husky Energy
Kinross Gold
Potash Corporation
Saputo
SNC-Lavalin Group
Valeant Pharmaceuticals
Yamana Gold
ENB
G
HSE
K
POT
SAP
SNC
VRX
YRI
G
S&P/TSX
15,409.78
-32.97
DOW
21,184.04
-22.25
S&P 500
2,436.10
-2.97
NASDAQ
6,295.68
-10.12
DOLLAR
74.17/1.3483
+0.12/-0.0021
GOLD
1,282.70
+2.50
OIL
47.40
-0.26
GCAN 10-YR
1.41%
+0.01
.....................................................................................................................................................................................................................................................................................................................................................
Reporton Business
TUESDAY, JUNE 6, 2017 SECTION B
.....................................................................................................................................................................................................................................................................................................................................................
Connect with us: @globebusiness facebook.com/theglobeandmail linkedin.com/company/the-globe-and-mail EDITOR: DEREK DeCLOET
.....................................................................................................................................................................................................................................................................................................................................................
Rosenberg 6 Concerns about Canada in global financial markets are way overblown PAGE 9
The federal government says it is
concerned about high cellphone
prices and is ordering the tele-
com regulator to review a recent
ruling on roaming that makes it
harder for some small wireless
companies to provide inexpen-
sive service.
Innovation Minister Navdeep
Bains said on Monday he has
directed the CRTC to revisit a
March decision on how smaller
wireless companies can access
roaming services provided by the
major wireless providers, Rogers
Communications Inc., Telus
Corp. and BCE Inc.
In that ruling, the CRTC said
service providers that use WiFi as
their primary network can’t rely
on regulated rates for cellular
roaming from the Big Three to
keep their customers connected
when WiFi is not available.
The regulator said companies
that do not own airwaves or op-
erate a cellular network in a par-
ticular geographic area cannot
allow their customers to “perma-
nently roam” on the networks of
the established national carriers.
The ruling reflected the CRTC’s
policy of encouraging wireless
companies to invest in building
their own networks.
The decision, as well as a relat-
ed ruling, put a halt to a business
model used by Toronto-based
Sugar Mobile, which offered a
cheap wireless service relying pri-
marily on WiFi access. When a
cellular connection was neces-
sary, Sugar turned to a roaming
agreement that a related com-
pany had with Rogers in the
northern territories.
Telecoms, Page 2
Bains takes aim at wireless affordability
Consumers ‘deserve more choice,’ minister says as he orders CRTC to review a recent decision on smaller carriers’ roaming access
.....................................................................................................................................................................................................................................................................................................................................................
CHRISTINE DOBBY
TELECOM REPORTER
................................................................
Toronto’s overheated housing
market has cooled rapidly since
the Ontario government
announced a suite of new hous-
ing measures in April, with aver-
age prices dropping 6 per cent in
May, while the number of homes
sold fell by 12 per cent during the
month.
The average sale price for all
types of homes in the Greater
Toronto Area was $863,910 in
May, a drop of 6.2 per cent from
$920,791 in April, according to
sales data from the Toronto Real
Estate Board (TREB). The price
was still up 15 per cent compared
with May, 2016, however, because
of large price gains earlier this
year.
The month-over-month price
decline came as more homes
were listed for sale in May, with
new listings rising 19.4 per cent to
25,837 from 21,630 in April. New
listings were up 49 per cent over
May last year. At the same time,
sales fell 12 per cent, with 10,196
homes selling in May compared
with 11,630 in April. Sales were
down 20 per cent from 12,790 in
May last year.
Realtors say the Toronto mar-
ket seems to be correcting from a
huge rate of price growth earlier
this year, but shows no signs of
sliding into a real estate crash.
“In the first quarter, the market
was not normal,” said Christo-
pher Alexander, regional director
for Ontario and Atlantic Canada
at Re/Max. “We had between
6,000 and 7,000 active listings for
a district of over five million peo-
ple, so prices were extremely
high and it was fuelled by specu-
lation, panic and low inventory.”
Housing, Page 2
GTA housing: cooling,
but far from cold
.....................................................................................................................................
A row of houses is seen along Dupont Street in Toronto in April, 2017. The city’s housing market is beginning to
show signs of stabilization following government measures announced in April. COLE BURSTON/THE GLOBE AND MAIL
JANET McFARLAND
................................................................
Bank of Nova Scotia brass
used to throw an annual
holiday cocktail party for jour-
nalists and spiced up the event
a few years back by serving
up pisco sours, a Peruvian fav-
ourite, to celebrate an acquisi-
tion in the South American
country.
If they hold the bash this year,
a shot of Mexican tequila or a
Chilean Borgona wine punch,
with fresh strawberries, may be
required, if Scotiabank chief ex-
ecutive Brian Porter can deliver
on an acquisition-based interna-
tional growth strategy that
boasts higher potential returns
and less risk that the U.S.
expansion plans playing out at
rival Canadian banks.
Scotiabank turned in better-
than-expected financial results
last week, with quarterly profit
up 11 per cent to $2.06-billion,
in part because of of the
strength of its Latin America
operations. Mr. Porter made it
clear that his well-capitalized
bank plans to continue expand-
ing in the region, highlighting
the possibility of making acqui-
sitions over the next year in
Mexico and Chile.
Scotiabank has deep roots in
both countries; it currently
owns the seventh largest bank
in both Mexico and Chile, mea-
sured by assets. Mr. Porter said
he wants to bulk up franchises
in both countries, to increase
their profitability. The Canadian
bank has approximately 6 per
cent of the market in each
country, and last week, Scotia-
bank executives said the goal is
to increase that share to 10 per
cent or more.
As Scotiabank targets a slight-
ly smaller regional rival to hit
that 10-per-cent market-share
threshold, the Canadian bank is
working through a relatively
short list of takeover targets –
approximately a dozen banks in
both Mexico and Chile fit the
bill.
Willis, Page 2
STREETWISE
Scotiabank’s playbook:
More deals in Latin America
.....................................................................................................................................
ANDREW WILLIS
awillis@globeandmail.com
................................................................
ALPHABET ............................................. B10
APPLE ..................................................... B8
ASANKO GOLD ....................................... B5
BOMBARDIER .......................................... B5
CAMECO ................................................ B10
CANADA GOOSE HOLDINGS ................. B12
CANNABIS WHEATON ............................. B3
CSX ......................................................... B5
EBAY ...................................................... B12
FAIRFAX FINANCIAL HOLDINGS ............. B8
FITBIT ..................................................... B8
ICICI BANK .............................................. B8
TD BANK ................................................. B3
TOSHIBA ................................................. B8
XIAOMI ................................................... B8
XTREME DRILLING ................................. B10
Companies
Globe Investor
GOOGL
.....................................................................................................................................
Alphabet and Amazon have seen their shares
pass the $1,000 benchmark, proving investors
have buoyed confidence in tech giants PAGE 10
The parent of Tim Hortons,
which has faced rising pushback
from its franchisees about its
tight-fisted management style,
held its annual meeting on Mon-
day but didn’t give them a
chance to air their grievances.
Daniel Schwartz, chief execu-
tive officer of Restaurant Brands
International Inc., which
acquired Tim Hortons in late
2014, cut off the meeting when
other companies usually take
questions from the audience.
“I’m astounded,” John James
(J.J.) Hoey, a franchisee in Missis-
sauga and an organizer of the
Great White North Franchisee As-
sociation, said later. The associa-
tion was formed in March to
speak for Tim Hortons restaurant
owners and raise concerns about
the effects of RBI’s cost-cutting.
In an interview later, Mr.
Schwartz said the company is in
“constant dialogue with our res-
taurant owners. We’re always
willing to speak with them.”
RBI, Page 2
No questions,
please – we’re
Tim Hortons
................................................................
MARINA STRAUSS
RETAILING REPORTER
OAKVILLE, ONT.
................................................................
GLOBE INVESTOR
Alphabet and Amazon have seen their
shares pass the $1,000 benchmark,
proving investors have buoyed
confidence in tech giants PAGE 10
ALPHABET........................................................B10
APPLE ................................................................ B8
ASANKOGOLD...................................................B5
BOMBARDIER ..................................................... B5
CAMECO...........................................................B10
CANADA GOOSE HOLDINGS .......................... B12
CANNABIS WHEATON ....................................... B3
CSX ................................................................... B5
EBAY ................................................................ B12
FAIRFAX FINANCIAL HOLDINGS ........................ B8
FITBIT ................................................................ B8
ICICI BANK ........................................................ B8
TD BANK ......................................................... B3
TOSHIBA .......................................................... B8
CSX ................................................................... B5
EBAY ................................................................ B12
COMPANIES
DAVID BERMAN
Where will flightsimulation giant CAE
find profitable growth opportunities
to justify the stock’s lofty valuation?
PAGE B2
Aciendae molupta tibusam rep-
reicit id quiaero tempore, quam
estiatenist venduci enisque
nosseque molore plabor autem
aspersp ellessi ut di consequia
ad quasim apis incid mi, sequi
ut acea vendi aliqui vellor aut
eaquaes unt aut etures num
repre non et utatur molescias
mos quasi nos endaecturi quatis
cuptatus magnamu sdaectissum
et fuga. Ga. Ita consequas re, ium
expeliqui audaepe ribuscium
facerunt apit eiciis ameturerum
qui cores et occullant duntusam
asseque excea neturep tatur, om-
nimol orectatios alias asserestota
debis doluptatiati nam, utempel
ligendae od essit lantia suntiur
soluptata deliciu mquunt volum
hitatios aliquid ut hictorest aut
alis aspel impelit, quos solorec-
tiam, cullest, tem debit ut rem
eliquia dolor sitiur alis debit,
con nitiones aditaturi ut quisi-
ment ma vent imo id quod que
lia nonsed que voluptasped que
pore incidem eiusam ipsuntet
que omnis volestrumqui dolo
etur sam audam is volupta sin
Iqui optaerunda doluptatur
aut quid ut voluptiae aut mol-
orepelis as dolupti sserion sequi-
bus quianda dolore, si si accabor
sus, sum, iusaect aecture ssimin
pro ipsus esciae nos mint fugiat-
quo corem alitassequi con pos
T
ciendae molupta tibus-
am repreicit id quiaero
tempore, quam esti-
atenist venduci enisque
nosseque molore plabor autem
aspersp ellessi ut di consequia
ad quasim apis incid mi, sequi
ut acea vendi aliqui vellor aut
eaquaes unt aut etures num
repre non et utatur molescias
mos quasi nos endaecturi quatis
cuptatus magnamu sdaectissum
et fuga. Ga. Ita consequas re, ium
expeliqui audaepe ribuscium
facerunt apit eiciis ameturerum
qui cores et occullant duntusam
asseque excea neturep tatur, om-
nimol orectatios alias asserestota
debis doluptatiati nam, utempel
ligendae od essit lantia suntiur
soluptata deliciu mquunt volum
hitatios aliquid ut hictorest aut
alis aspel impelit, corerfe rferae.
Itas magnatur?
Equid quos solorectiam,
cullest, tem debit ut rem eliquia
dolor sitiur alis debit, con nitio-
nes aditaturi ut quisiment ma
vent imo id quod que lia nonsed
que voluptasped que pore inci-
dem eiusam ipsuntet que omnis
volestrumqui dolo etur sam au-
dam is volupta sinctus.
Iqui optaerunda doluptatur
aut quid ut voluptiae aut mol-
orepelis as dolupti sserion sequi-
bus quianda dolore, si si accabor
A
ciendae molupta tibus-
am repreicit id quiaero
tempore, quam esti-
atenist venduci enisque
nosseque molore plabor autem
aspersp ellessi ut di consequia
ad quasim apis incid mi, sequi
ut acea vendi aliqui vellor aut
eaquaes unt aut etures num
repre non et utatur molescias
mos quasi nos endaecturi quatis
cuptatus magnamu sdaectissum
et fuga. Ga. Ita consequas re, ium
expeliqui audaepe ribuscium
facerunt apit eiciis ameturerum
qui cores et occullant duntusam
asseque excea neturep tatur, om-
nimol orectatios alias asserestota
debis doluptatiati nam, utempel
ligendae od essit lantia suntiur
soluptata deliciu mquunt volum
hitatios aliquid ut hictorest aut
alis aspel impelit, corerfe rferae.
Itas magnatur?
Equid quos solorectiam,
cullest, tem debit ut rem eliquia
dolor sitiur alis debit, con nitio-
nes aditaturi ut quisiment ma
vent imo id quod que lia nonsed
que voluptasped que pore inci-
dem eiusam ipsuntet que omnis
volestrumqui dolo etur sam au-
dam is volupta sinctus.
Iqui optaerunda doluptatur
aut quid ut voluptiae aut mol-
orepelis as dolupti sserion sequi-
bus quianda dolore, si si accabor
Cannabis
Wheaton
lights up new
financing deal
How to play
Toronto’s
falling real
estate prices
BYLINE HERE
TITLE OR COLUMN HERE
BYLINE HERE
TITLE OR COLUMN HERE
The political fad that’s heaping huge risks on investors PAGE B1
JEFFREY JONES
Weekend: Arts, Sports, Opinion
Section overview
Section overview
Section overview
Section overview
Section overview
Section overview
Section overview
Section overview
Section overview
Section overview

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Section overview

  • 1.
  • 3. SUNDAY, DECEMBER 3, 2017 | THE GLOBE AND MAIL I A19 LIFE & ARTS TRAVEL | THEATRE | FILM | CRITICISM | PUZZLES M y love affair with cemeteries began with the grave of 19th-century American poet Henry Wadsworth Longfellow. He lay entombed on Mt. Auburn Cemetery’s Indian Ridge Path amid bro- ken, green-hued sunlight, creeping periwinkles, and a red-tailed hawk perched in the tree overhead. My first crush in a lifetime of romances with poets, visiting Longfellow’s final resting place filled my head with rhyming verses and New England tales. “I looked quietly down into it without one feeling of dread,” Longfellow declared on a visit to his own designated plot after the death of his first wife. “It is a beautiful spot, this Mount Auburn.” I, too, was wooed by its natural beauty. A child of the city, it became my sanctuary; a read- ing spot forever tied to my love of literature. It was there I experienced a rare calm, despite the gloomy headstones and Victorian mausoleums that were constant reminders of the cemetery’s chief pur- pose. Somehow the juxtaposition of stark mortality with a lush landscape gave me a comfort with my own temporary state. A childhood mix of titillation and fear for ghosts and ghouls gradually grew into an genuine appreciation of Victorian aesthetics and the macabre. I had discovered the charms of the garden cemetery, the thrilling mix of spookiness and verdant life. Created in 1831 in Cambridge, Mass., in response to unhealthy, overcrowded graveyards of yore, Mt. Auburn was America’s first garden cemetery. I roamed its rolling landscape through pathways with names like Citron Lane and Lilac Path written on offi- cial yet quaint poles. Sunbathing turtles edged its tiny ponds. If I was feeling stoic and in need of light, I’d make my way over to Christian Science founder Mary Baker Eddy’s sun-soaked granite colonnade overlook- ing Halcyon Lake. The days often culminated in a climb to the top of Washington Tower for sweeping views of the Boston area. As I grew up and ventured out, I began a ritual – often with dead poets as my hosts – of seeking out beautiful, cemetery oases in cities around the world. They provide brief escapes from the hectic pace of travelling among the living. From the shadow of an ancient pyramid to the foot of a stately castle, here are two more of my favourite cemeteries to unwind in and explore. ROME’S NON-CATHOLIC CEMETERY A curious painting provided a clue to my beloved, pic- turesque cemetery. Nestled in the home of John Keats along Rome’s Spanish Steps, the Keats-Shelley Memo- rial House and museum commemorates the lives of these two Romantics living abroad in Italy. The paint- ing, found in the room where Keats, 25, passed his final, laboured breath thanks to consumption, depicts a tranquil, pastoral setting with a seemingly out-of- place pyramid in the background. The description reads: Non-Catholic Cemetery, also known as the Protestant Cemetery. The mere description of its vio- lets – his favourite flower – convinced an ailing Keats to be buried there, as he “already seemed to feel the flowers growing on him.” And so I ventured off the beaten tourist path of ancient ruins and elaborate Catholic churches to Rome’s Testaccio neighbourhood to find Keats’s – and my own – sweet escape. The clouds parted and the day’s rain subsided just as I entered Cimitero Acattol- ico, the “Non-Catholic Cemetery for Foreigners” as it is welcomingly called. Within its high walls, I found a silent landscape of sloping paths lined by Cypress and pomegranate trees, and bright flowers shaking off the recent rainfall. As an added bonus, an army of very- much-alive cats napped on the detailed, sculptural gravestones. Last year, the cemetery celebrated its 300th anniversary as a dedicated burial ground to “Protestants, Muslims, Jews, Orthodox Christians, and other non-Christians” residing in the heart of Roman Catholicism. I found Keats’s violet-covered grave just as prom- ised. Fellow Romantic Percy Bysshe Shelley said of Keats’s burial spot: “It might make one in love with death, to think that one should be buried in so sweet a place.” Shelley would consummate that lust at 29, joining Keats at Cimitero Acattolico after a mysterious boating accident in Italy. Beyond Keats’s memorial looms the Pyramid of Cestius, built as a tomb for Gaius Cestius circa 12 BC and linked to the Aurelian Walls once fortifying the city in the third century AD. It was my initial clue from the painting. The Cat Sanctuary, where the cem- etery’s many feline guardians are fed and cared for, was just below. More than 6,400 kilometres from my native Bos- ton, I felt at home for a brief moment reading a quick poem among its gardens and purring felines that ri- valled the flora and fauna of my first love, Mt. Auburn. On my otherwise hectic visit to Rome, it was my first moment of quiet reflection. I no longer wondered why Oscar Wilde called it “the holiest place in Rome.” It was morbid, but peaceful. OLD TOWN CEMETERY, STIRLING, SCOTLAND The words of another Romantic led me to my next favourite “final” destination. “We know of no sweeter cemetery in all of our wanderings than that of Stir- ling,” said William Wordsworth of Old Town Ceme- tery. I appreciated the tip, even if Wordworth loyalties were questionable: he ended up buried in “the love- liest spot” in a churchyard in Grasmere, England. On what seemed the singular day of Scottish summer, I departed my fellow castle-hungry tourists for holier ground. Roughly 40 kilometres from Glasgow, Stirling’s Old Town Cemetery was built in the mid-1800s to cele- brate Scottish Presbyterianism and as a calculated de- parture from the standard British burial grounds. Unlike Britain’s ubiquitous churchyards, Old Town’s verdant, hilly design spreads over the valley between the imposing Stirling Castle and the Church of the Holy Rude. Its graves range from tall Gothic-styled tombstones to more elaborate structures like the glass cupola enshrining its famed The Martyrs Monument. Like Cimitero Acattolico, Old Town has its own pyr- amid tomb, albeit much smaller and centuries young- er. The Star Pyramid is made of sandstone ashlar and surrounded by a “pleasure garden” of wildflowers, butterflies, and frolicking jackdaws. I found a perfect reading bench high atop the sum- mit of the Ladies’ Rock – a mini mountain named for its prime “knight-views” by ladies of court during jousting tournaments. Before heading out, I spied a kindred spirit and fellow graveyard enthusiast reading while nestled on a craggy ledge below. We both emerged from book and cemetery renewed and ready to get on with life. SPECIAL TO THE GLOBE AND MAIL A view from Mt. Auburn Cemetery in autumn. GABRIELLA GAGE FOR THE GLOBE AND MAIL TRAVELLERS FIND SOLACE IN THE SOCIETY OF DEAD POETS Historic garden cemeteries provide oases of peace and respite from the demands of modern life amid the graves of the great and the unknown in Rome's 'Non Catholic Cemetery' on March 26, 2013 in Rome, Italy. John Keats, one of England's most famous poets died early in 1820 of tuberculosis aged 25, after travelling to Italy in search of a better climate to help cure him of the disease. Rome's Non-Catholic Cemetery contains one of the highest densities of famous and important graves anywhere in the world. DAN KITWOOD/GETTY IMAGES GABRIELLA GAGE (HDFCC|00007Q /e.i BRITISH COLUMBIA EDITION SUNDAY, DECEMBER 3, 2017 | GLOBEANDMAIL.COM MON-FRI: $3.00 WEEKEND: $4.50 PRICES VARY IN SOME AREAS THE GLOBE'S SECUREDROP SERVICE PROVIDES A WAY TO SECURELY SHARE INFORMATION WITH OUR JOURNALISTS TGAM.CA/SECUREDROP TOPICS + COLUMNISTS U.S. POLITICS . . . . . . . . . . . . . . . . . . . . . . . . . . A4-5 JUDICIARY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A6 BRITISH COLUMBIA . . . . . . . . . . . . . . . . . . . A13-14 MARGARET WENTE . . . . . . . . . . . . . . . . . . . . . . A17 JOHN DOYLE . . . . . . . . . . . . . . . . . . . . . . . . . . . . A17 ANDRE PICARD . . . . . . . . . . . . . . . . . . . . . . . . . . A17 SECTION A MOMENT IN TIME. . . . . . . . . . . . . . . . . . . . . . . . . A2 FOLIO: THE BIG PICTURE . . . . . . . . . . . . . . A10-11 EDITORIAL & LETTERS . . . . . . . . . . . . . . . . . . . A16 LIFE & ARTS: TRAVEL . . . . . . . . . . . . . . . . . . . . A19 FACTS & ARGUMENTS . . . . . . . . . . . . . . . . . . . A21 WEATHER, PUZZLES, CROSSWORD . . . . . . A22 SECTION B STREETWISE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B2 NAFTA: OPINION . . . . . . . . . . . . . . . . . . . . . . . . . B3 PROPERTY REPORT . . . . . . . . . . . . . . . . . . . . . . . B6 GLOBE INVESTOR & AGATE. . . . . . . . . . . . . . . B12 SPORTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B16 OBITUARIES. . . . . . . . . . . . . . . . . . . . . . . . . . . . B23 Prime Minister Justin Trudeau rejected repeated opposition demands on Monday to reveal the names of other cabinet ministers who used the same loophole as Finance Minister Bill Morneau to avoid divesting personal investments or put- ting them in a blind trust. The Office of Conflict of Interest and Ethics Commissioner Mary Dawson told The Globe and Mail that a handful of cabinet ministers have managed to retain control of assets they would be required to divest if this wealth was not held indi- rectly through a holding company or similar mechanism. Ms. Dawson’s office, citing confidentiality rules, declined to identify the ministers but said “fewer than five cabinet ministers currently hold con- trolled assets indirectly.” The issue, first reported by The Globe on Mon- day, dominated the Com- mons Question Period. Opposition Leader Andrew Scheer pressed Mr. Trudeau to name the other cabinet ministers “using the exact same loophole. It is a very simple question. Who are they?” Mr. Trudeau would not reveal any names despite numerous requests from opposition MPs, calling the line of inquiry nothing but “petty personal attacks.” “The Finance Minister, all ministers in this House … follow the advice and recommendations of the Conflict of Interest Commissioner,” the Prime Minister told the Commons. “The conflict of interest and ethics commissioner is there to ensure that, above all of these petty personal attacks, Canadians can be confident that people follow the rules.” The refusal of both Ms. Dawson and the Prime Minister to reveal names make it difficult to know for certain who is using the loophole. “This is some sort of shell game going on where you have to guess at who might or might not be in a conflict of interest,” NDP ethics critic Nathan Cullen told reporters. LOOPHOLE, A13 Trudeau won’t name ministers using tax loophole Amid opposition calls for the names of cabinet members using blind trusts, PM calls line of inquiry a series of ‘petty personal attacks’ ROBERT FIFE STEVEN CHASE OTTAWA reveal the strongest evidence so far of ties between Mr. Trump’s circle and the Putin regime that alleged- ly interfered in last year’s election to help Mr. Trump win. And they put the President’s claims that there was no collusion on increas- ingly thin ice as the investigation intensifies. As part of a deal with prosecut- ors, George Papadopoulos, a for- eign-policy adviser to the Trump presidential campaign, pleaded guilty to making false statements to investigators and is now co-op- erating with Mr. Mueller’s probe. Former chair Paul Manafort and his business associate, Rick Gates, pleaded not guilty to 12 charges that included conspiracy against the United States, failing to regis- ter as agents of Kremlin-backed former Ukrainian president Viktor Yanukovych and laundering $75- million (U.S.) in payments through offshore bank accounts. In the spring and summer of 2016, Mr. Papadopoulos repeatedly met and corresponded with Rus- sian intermediaries in a bid to arrange meetings between cam- paign officials and Russian politi- cians, including a prospective meeting between Mr. Trump and Mr. Putin, court filings reveal. CHARGES, A3 Robert Mueller has fired his first shots at the White House in the Russia investigation, with a for- mer adviser to U.S. President Donald Trump’s campaign admit- ting he met with purported inter- mediaries of the Kremlin then lied about it to the FBI, and the campaign’s former chair facing charges over his secret lobbying for allies of Russian President Vla- dimir Putin. The indictments, released Mon- day by the Special Counsel’s office, Investigation into Russian deals blow to White House Paul Manafort, U.S. President Donald Trump’s former campaign chair, leaves court in Washington on Monday. Mr. Trump’s former adviser, George Papadopoulos, has pleaded guilty to making false statements to the FBI. ALEX BRANDON/ASSOCIATED PRESS ADRIAN MORROW WASHINGTON JOANNA SLATER NEW YORK Trump’s former adviser pleads guilty, faces 20 years in prison Onetime campaign chair faces 12 charges as Mueller probe expands President dismisses charges as frivilous, and distracting from policy Dams built decades ago in an era of relatively lax environmental rules have significantly disrupted the flow of water on the Saskatch- ewan River and the aboriginal way of life, particularly the fishery on the river. Now, Saskatchewan is preparing to grant licences that would continue that disruption in perpetuity. The leaders of the Cumberland House Cree First Nation are not asking for the E.B. Campbell dam, which is about 100 kilometres upriver from their community, and the Nipawin dam, which is 60 kilometres beyond that, to be shut down or dismantled – al- though it might come to that if the effects cannot be mitigated any other way. Rather, they want a full consult- ation before in-perpetuity licences are approved. They want to do their own study on how the dams will further impede their ability to exercise their treaty rights to hunt, trap, fish and enjoy their tradition- al way of life – which they say were already eroded during the E.B. Campbell dam’s half century of operation. “I think they are owed the duty to have a process that rigorously and credibly examines the poten- tial adverse impacts of the contin- uation of the E.B. Campbell dam on the nation’s treaty rights,” said their lawyer, Tim Dickson, “and that is what the nation believes has not at all been adequately done to date.” Saskatchewan’s Water Security Agency (WSA), the provincial reli- censing body, said in an e-mail that renewing the dams’ licence does not require extensive con- sultations because the potential adverse effects on treaty rights “are minor in nature.” DAMS, A13 First Nation demands consultation for dams GLORIA GALLOWAY OTTAWA The gender pay gap and Harvey Weinstein This is some sort of shell game going on where you have to guess at who might or might not be in a conflict of interest NATHAN CULLEN NDP ETHICS CRITIC BANKING CIBC withdraws as underwriter for Tapscott-led blockchain fund B4 ECONOMICS Job growth speeds up, unemployment rate falls; wages flat B8 SPORTS Rebecca Marino begins her tennis comeback after years away B16 JOHN DOYLE, A17 A4 I THE GLOBE AND MAIL | SUNDAY, DECEMBER 3, 2017 Mr. Papadopoulos and one of his contacts also discussed “dirt” that the Russians had obtained by hacking the e-mails of Hillary Clinton, Mr. Trump’s presidential rival. Earlier this year, U.S. intelli- gence agencies concluded that the Russian government was behind the release of embarrass- ing e-mails stolen from the Dem- ocratic National Committee and fed to Wikileaks. Throughout the process, the indictment says, Mr. Papadopou- los frequently updated others in the campaign on his progress. On March 31, 2016, Mr. Papado- poulos attended a national- security briefing in Washington with Mr. Trump, at which he ad- vised that he could help set up a meeting with Mr. Putin. On an- other occasion, a “campaign su- pervisor” told Mr. Papadopoulos he was doing “great work” in try- ing to connect the Russian leadership and the campaign. The Trump administration swiftly tried to distance itself from Mr. Papadopoulos and Mr. Manafort, insisting that the Dem- ocrats should instead be investi- gated for trying to dig up Russian-related dirt about Mr. Trump. “Sorry, but this was years ago, before Paul Manafort was part of the Trump campaign. But why aren’t Crooked Hillary & the Dems the focus?????” Mr. Trump tweeted. “Also, there is NO COL- LUSION!” White House spokeswoman Sarah Huckabee Sanders told reporters that Mr. Papadopoulos had “little role” in the campaign and said the indictments Mon- day have “nothing to do with the President.” She also vaguely asserted that the White House expected Mr. Mueller’s investiga- tion to end soon, but said Mr. Trump had no plans to fire him. The indictments suggest Mr. Mueller is far from done. Solomon Wisenberg, a former federal prosecutor who once worked for the independent counsel that investigated former president Bill Clinton, said the moves send a message to anyone else touched by the investiga- tion: “Be worried, be scared. … We’re serious, we’re not ama- teurs.” Politically, Mr. Wisenberg said, this also makes it increas- ingly hard for Mr. Trump to par- don anyone or fire Mr. Mueller. Mr. Papadopoulos was arrest- ed in July but not charged until this month, raising the question of whether he has been helping the authorities gather informa- tion – such as by recording his conversations with other Trump associates – in the interim. “There are a lot of people who are going to have sleepless nights, particularly if they’ve talked to him since July,” said Nick Akerman, a former federal prosecutor who worked on the Watergate scandal. Mr. Papadopoulos’s Russian connections are unnamed in the indictment, identified only as “the professor,” a “female Rus- sian national” and a man with connections to the Russian for- eign ministry. The Washington Post named the professor as Joseph Mifsud, honorary director of the London Academy of Diplomacy. The prospective meeting be- tween Mr. Trump and Mr. Putin never materialized. One cam- paign official – unnamed in the indictment but identified by The Washington Post as Mr. Manafort – wrote that Mr. Trump “is not doing these trips.” Mr. Papado- poulos’s higher-ups in the cam- paign instead encouraged him to make an “off-the-record” trip to Russia himself for meetings with the Kremlin. That trip did not end up happening. The professor, who was Mr. Papadopoulos’s first point of contact with the Russians, informed him at an April 26, 2016, breakfast meeting in Lon- don that Moscow had “thou- sands” of Ms. Clinton’s e-mails. The meeting bore striking simi- larities to a June 9 sit-down at Trump Tower between Mr. Mana- fort, Mr. Trump’s oldest son, Donald Jr., son-in-law Jared Kushner and a Russian lawyer. In arranging the meeting, an inter- mediary had told the younger Mr. Trump that the Russian government wanted to give the campaign scandalous informa- tion about Ms. Clinton. “I love it,” Donald Jr. wrote in an e-mail at the time. He has subsequently insisted not much of interest happened at the meeting. CHARGES, A1 Expert says Papadopoulos’s plea is all but unprecedented O n Friday, CNN broke the news that special prosecut- or Robert Mueller had filed charges against someone in Don- ald Trump’s circle and would reveal the target on Monday. The news sent the public into a flurry of speculation damning in its own right: The list of people in the President’s camp under federal investigation is so long that there was no way to predict with confi- dence who the first indicted would be. Today, the loser of this per- verse game of Clue was named: it was Paul Manafort, with alleged money-laundering all over the world. His arrest was not surpris- ing: In September, Mr. Mueller had told Mr. Manafort – a GOP op- erative who served dictators and oligarchs abroad before becoming Mr. Trump’s campaign manager in 2016 – that his indictment was forthcoming. But Mr. Manafort’s surrender on Monday to the FBI still feels shocking. The indictment of Mr. Mana- fort – which focuses on his work with lobbyist Richard Gates (also indicted) to boost Kremlin lack- eys in Ukraine and their alleged money-laundering – does not in- dicate that justice will be served, but that justice remains possible, at least for now. The wheels of justice may finally be turning, but they grind slowly like the initial trek up a roller coaster, and Americans should expect a stom- ach-turning plunge as the Trump administration retaliates and whiplash as the investigation pro- ceeds. From the beginning, Mr. Trump has operated with the au- dacity of an autocrat. The select- ion of Mr. Manafort – a notoriously shady operative who has been under federal investiga- tion for several years – as chair- man of Mr. Trump’s election campaign was itself an audacious move, indicating that Mr. Trump had no qualms about aligning himself with a possible criminal with a fondness for dictators. When the extent of Mr. Mana- fort’s illicit Russia ties was exposed in March, Mr. Trump and his spokespeople played down their relationship with equal au- dacity, claiming the President barely knew Mr. Manafort – a fel- low resident of Trump Tower who had been in his social circle for more than 30 years. As the Manafort news broke on Monday, Mr. Trump continued to twist the truth, tweeting that “Crooked Hillary & the Dems” were the real Russia conspirators and that “there is NO COLLU- SION!” About two weeks before Mr. Manafort’s indictment, Mr. Trump’s team had begun a co- ordinated propaganda blitz to flip the script on Russia – a sign that they knew they could no longer deny foreign interference, so they had no recourse left but to try to blame those, such as Hillary Clin- ton, who opposed and exposed it. The Russia reversal was so pre- dictable I gave a speech about it before it happened, and while the propaganda is partially aimed to divert from Mr. Mueller’s charges, it also shows a disturbing willing- ness to persecute private citizens. Unable to deliver the Mexico wall or Obamacare repeal, the Presi- dent’s team has reverted to the campaign promise of “lock her up” – a promise that extends well beyond Ms. Clinton. One should expect Mr. Trump’s camp to tar- get any perceived opponent who has documented the administra- tion’s illicit dealings, and to potentially fire Mr. Mueller – much as Mr. Trump fired James Comey, Sally Yates and Preet Bharara before. That the Trump administration is stocked with men whose loyal- ty to Mr. Trump possibly super- sedes their loyalty to the Constitution makes the conse- quences of any indictment highly uncertain. The Manafort dragnet potentially implicates Attorney- General Jeff Sessions, who ran Mr. Trump’s foreign-policy campaign team and illicitly met with Rus- sian officials under Mr. Manafort’s direction, as well as Mike Pence, who was selected by Mr. Manafort to be Mr. Trump’s running mate. In addition to being charged with money-laundering, Mr. Manafort has been charged with “conspira- cy against the United States.” Manafort charges don’t ensure justice – but it’s a start SARAH KENDZIOR OPINION How Papadopoulos went from plying Russia contacts to aiding probe THE MEETING George Papadopoulos’s Russian contacts began in March of 2016, shortly after he joined the Trump campaign as a foreign-policy adviser. He started by making overtures to a London-based university professor he met in Italy. The man is uni- dentified in Justice Department documents, but The Washington Post has pre- viously named him as Joseph Mifsud, director of the London Academy of Diplomacy. On March 24, Mr. Papadopoulos met the professor and a “female Rus- sian national” who falsely presented herself as Russian President Vladimir Putin’s niece in London. When Mr. Papadopoulos told his higher-ups in the cam- paign about the sit-down, one replied “great work.” THE LIE Over breakfast in London on April 26, 2016, the professor told Mr. Papadopoulos that Russia had “thousands of e-mails” that contained “dirt” on Ms. Clinton – presumably a reference to the hacked Democratic National Committee e-mails that would later be released through Wikileaks. When the FBI asked Mr. Papado- poulos about this information, he insisted he learned about the e-mails before he joined Mr. Trump’s campaign. Mr. Papadopoulos insisted it was merely “a very strange coincidence” that he received this information. THE COVERUP The day after his second interview with the Federal Bureau of Investigation, in February, 2017, Mr. Papadopoulos deactivated his Facebook account and created a new one, and also switched telephone numbers. This was designed to dissociate himself from his communications with his Kremlin intermediaries, including the professor and another man connected with the Russian foreign ministry. GAME OVER On July 27, 2017, Mr. Papadopoulos was arrested at Dulles International Airport near Washington. After his arrest, the document notes, Mr. Papadopoulos “met with [special counsel Robert Mueller’s investigators] on numerous occasions to provide information and answer questions.” Separately, Mr. Papadopoulos’s plea agreement stipulates that the government will make sure the court knows that he is co-operating with the investigation – a factor that could get him a lighter sentence – on condition he continues to “provide information.” TRUMP IN ATTENDANCE On March 31, 2016, Mr. Papadopoulos was photographed sitting a few seats away from Donald Trump at a “national-security meeting” of the campaign team. Dur- ing the session, the document says, Mr. Papadopoulos said that he had contacts that could pull together a meeting between Mr. Trump and Mr. Putin. U.S. POLITICS Sarah Kendzior is a St. Louis, Mo.-based commentator who writes about politics, the economy and media
  • 4. SUNDAY, DECEMBER 3, 2017 | THE GLOBE AND MAIL I A21 I lost a friend this summer. It wasn’t a death, al- though it feels like one. A friend I made in my early 20s divorced me – by ghosting – ending a 30-year relationship. We met on a field trip in our student days. We never lived in the same town, but we built and maintained our relationship with liberal letter writing and later by e-mail. Phone calls, Skype calls and infrequent trips to visit each other’s new homes kept our friendship strong for more than three decades. Last year, she was “simply too busy” to stop by. I understood, she needed family time with her aging mom and adult children. I thought I sensed a chill, but maybe I was imagining it. This year on her annual visit home – I don’t live too far away – she “didn’t have a moment to spare.” This time there was no question – she was avoiding me. Gently in an e-mail, I inquired. I sensed a chasm between us. Was she okay? Was there something I’d said or done to cause this distance in our friendship, or was it something I hadn’t said or hadn’t done? A month later, I received a reply by e-mail. In a carefully worded dissertation, I read a long list of my character flaws and shortcomings as a friend. She needed to move away from negative influ- ences. I was one. I was no longer needed. I was out. It was painful. My feelings were hurt. My ego, bruised. A fissure ran through my heart. Surprisingly, I wasn’t angry, but I was humiliated by the deceit and affronted by her tactics. If I hadn’t inquired, how long would the silent treatment have gone on? I felt a fool for not seeing it coming. On social media, I’d seen her posters with self- affirming statements such as, “Giving up our rela- tionship doesn’t mean I hate you, it means I love me more,” and “Delete the negative people from your life!” I thought she was railing against her ex- husband. It never occurred to me that I was the negative element that needed deleting. I had no context for the experience. I’ve never been deleted or unfriended before. I wondered if it was a stage of life thing. Was a friendship divorce a normal experience in your 50s? Maybe we’re all just too tired, too sleep-deprived from meno- pause. Maybe we don’t have the patience to accept failures and imperfections in our friends any more. Maybe we’re too irritable to tolerate slights, too tired to strive to work things out. I found myself paying attention to items she had given me as gifts over the years. I suppose I was grieving. I admired her art hanging in my kitchen. I dug around in my desk and found the sterling silver letter opener she’d made for me, adorned with an opal, my birthstone. I wore the gold earrings she’d given me for a week straight. I felt terrible. How could three decades of friend- ship end like this? I worked at finding something positive in the experience. I tried to garner something learned. I went so far as to feel proud of her. If she was suf- fering and needed healing and ditching me was the way to get it, then, good. After all, she was my friend. What I wanted most for her was a happy healthy life. And yet, it didn’t sit well. The long slow freeze out had been an insidious act, disrespectful in its duplicity. I kept thinking that there had to be a better way, a more noble way to end a friendship. In looking for answers, I queried my friends, “Was this how things were done now?” “It happens all the time,” my twentysomething friends explained. “You get sick of somebody, you just ghost them.” “Ghost them?” “It’s a term from the online dating world. You know, if you’re fed up with someone you just ghost them, you disappear out of their life with- out a word. It’s the ultimate cold shoulder.” I was dumbfounded. Steadfast avoidance, the coward’s way out, that’s what’s in? I searched for guidance online, hoping to find gracious unfriend- ing strategies and advice on how to end relation- ships with integrity. I was disturbed to find just the opposite. Authors crowed, “It’s better this way!” while gloating that the self-serv- ing tactic is “harder on them, but easi- er on you!” Total nonverbal rejection was the best way some purported. It was even better, apparently, to make sure that your friends knew their mes- sages have been read and purposely left unanswered. Writers insisted that one should never unfriend someone in person. Never agree to a meeting, stall a rendezvous at all costs they said. If pressed, one advice-giver suggested agreeing to meet and then cancelling at the last minute as a sure way to “send a message.” Obviously I was out of touch. Have more than two decades of reality TV taught us a new way to deal with people we don’t like; we vote them off the island or fire them from the show? Have we become a society that believes that to ignore and avoid, to delete someone or to ghost them, is “for the best” simply because it’s easier? I guess I am old-fashioned. I believe in stepping up to the uncomfortable, to being willing to feel pain if you are knowingly causing it. Ghosting is no way to end a relationship – it’s the desecration of friendship itself. After all, our humanity is not defined by how we treat our friends, but by how we treat the people who are not our friends or no longer our friends. I believe it is possible to care about others even if you do not wish to carry on a relationship with them. I still care about my friend and I miss her, but I respect the decision she has made to let me go. I wish she had been less fashionable. I wish she had shown more courage. Even though the friendship was over, I wish she had shown me that she still cared. JENNIFER M. SMITH LIVES IN BURLINGTON, ONT. We want your personal stories. See the guidelines on our website tgam.ca/essayguide ILLUSTRATION BY DREW SHANNON DON’T GHOST ME, YOU COWARD I sensed a chasm between us. Was she okay? Was there something I’d said or done to cause this distance in our friendship, or was it something I hadn’t said or hadn’t done? If you don’t want to be my friend any more, Jennifer M. Smith writes, then at least be honest about it THE QUESTION I recently completed my PhD and started working on another project immediately afterward. I was able to get a workspace at an organization a few days dur- ing the week (I have another job on the other days). The people at the office are warm and wel- coming, but my issue is about socializing with a larger group. I’m not used to office culture. One on one I’m fine, but I find it hard to join in conversations that go around in the cubicles, or when people congregate in the kitchen. I can hold my own at parties. Here, though, I feel awkward. I would like to join in and add to the conversation, but I haven’t been in this kind of work setting before. I also spent the past year focused on my the- sis and was writing in relative isolation. My social group was small and consisted of family and close friends. Now, I’m realizing how out of practice I am at making small talk. I’m worried I’m giving the impression that I don’t want to engage socially or that perhaps I’m aloof, which isn’t true. Actually, I’d like to grow my net- work, meet cool people and become more social. Any advice? THE ANSWER You’ve come to the right place. All my life, I’ve alternated be- tween office work and writing in splendid isolation in my home office. At the risk of stating the obvious: You say you’re good at parties but find it difficult to so- cialize at work. The reason is because seeing people socially and socializing with them at work are two distinct animals/ entities. When we see people socially, it tends to be for short periods and not that often – say a few hours every few weeks – and there’s not a lot at stake. So peo- ple are able to present their best face to you, the “greatest hits” of their personality. But when you’re cheek-to- jowl, cubicle-to-cubicle, all day, day in, day out with someone, you get a more three-dimen- sional picture of a person’s char- acter. On the few occasions I’ve worked with someone I’d pre- viously only known socially, even someone I’d known a long time, it was a revelation: I’ve only really known the tip of the iceberg of this person. Then there’s the food-on- table aspect of work. Non-work socializing is all, “Ha-ha-ha, pass the chardonnay, let me tell you about my trip to Curacao, you look great in that shirt by the way …” At work, it’s all about keeping that same shirt on your back, as well as groceries in the fridge and diapers on the baby. People are willing to go to the mattress for that sort of thing. Suddenly, there are stakes. People at work are socializing, yes, but with more of an agenda: covering their asses, trying to get ahead, maybe glean some infor- mation about you to rat you out, curry favour with the boss, and so on. (At least if the places I’ve worked are anything to go by.) So they tend to behave in a more Machiavellian fashion, backstabbing and double-cross- ing, playing cards closer to the vest than they do at, say, a din- ner party. But you’re in a unique posi- tion in that you have no real skin in the game when it comes to the politics of the office in which you occupy a cubicle. You’re a renter, an interloper, an outsider. On the one hand, it means you are missing out on a key avenue to making friend- ships – working on a shared enterprise – but on the other, it means you can lend an impar- tial ear to whatever whining, complaining and kvetching peo- ple need to unburden them- selves. ARE YOU IN A STICKY SITUATION? SEND YOUR DILEMMAS TO DAMAGE@GLOBEANDMAIL.COM. I’m not a recluse – just out of practice with conversation DAVID EDDIE OPINION FACTS & ARGUMENTSA10 I THE GLOBE AND MAIL | SUNDAY, DECEMBER 3, 2017 Photographs and text by Alia Youssef MEHNAZ AHMED “In most environments I find myself in (UofT, a lab, airplanes, other countries) I believe that I am perceived as a minority. Sometimes I think people see me as a token... a represen- tation of the ‘Muslim woman’, almost like a prototype for how most Muslim women act, what they do, and what they aspire to be.” THE BIG PICTURE When Mehnaz isn’t busy being a full time Bachelor of Science student, an undergrad researcher, and a senior mentor with the FITF Peer mentorship program, she enjoys going to quaint neighborhoods, indepen- dent gelato shops, and strolling by a large body of water on a nice day. She is 22 years old, was born in Canada, and her favourite quality in someone else is when they put in the effort to learn things about her. This brought up an interesting ques- tion of how she feels others perceive her. “I would like to be perceived as a capable, intelligent, confident person whose deter- mination, perseverance and resilience amounted to any success I am fortunate to receive. Furthermore, I hope to one day be perceived as a kind, generous, philan- thropic leader who just happens to be a follower of Islam and is a good role model.” SUMAIYA TUFAIL “The woods is a place where I can escape the city, pollution, people, exchange O2 with the trees, make Dhikr (remembrance) of Allah, and be inspired to write a poem.” Sumaiya, known widely as “Sumi Speaks” on her social media platforms, is a 22 year old Poet. She’s currently studying in Sudan for a year learning Arabic and will be launching a visual poetry book in a few months. Her book will talk about topics that are important to Sumaiya, such as 3rd wave feminism, consumerism, islamo- phobia, self-hate, stigma, and naturalism. Because of her work, Sumaiya suspects that she’s perceived as an outspoken and positive person and she hopes to be a pos- itive inspiring person to the people who see her work and who are around her. Even though Sumaiya’s favourite quality about herself is that she’s extremely ambitious, the one thing she knows for sure is that “if you believe you can accom- plish anything with Allah you will.” SAHAR ANSARI “This is one my favourite spiritual places with good vibrations for me.” The Sister’s Project Sahar is a 33 year old regulatory affair specialist in Pharmaceuticals from Iran. Her favourite hobby is listening to tradi- tional music, being in nature, and spend- ing as much time as she can by the water. When I asked Sahar what her own fav- ourite quality was she responded, “my smile never goes off from my lips”(which I can’t help but agree with.) She is a beau- tiful soul that believes the most impor- tant part of life is to live life with love. Sahar told me if there is one thing she knows for sure it is that "we are nothing- everything is nothing but love.” SUNDAY, DECEMBER 3, 2017 | THE GLOBE AND MAIL I A11 AIMA WARRIACH “Being bombarded of images such as the niqab being worn by ISIS terrorists, images of sunken eyes, and worn out souls, I took it upon myself to change that narrative.” Aima, 20, is a politics student, an anime/ manga and all things Korean enthusiast, a lover of books, and has endless passion and energy. Her passion and energy, especially for fighting the patriarchy, is her favourite quality about herself, and her favourite quality in another person is resilience when faced with hardships, but also their ability to be in touch with their emotions. Aima told me, “I wear niqab as an act of defiance against the patriarchy that keeps telling me what to wear because somehow they know what it means to be liberated from “Taliban like oppression.” she continued to say, “because at the end of the day being a Muslim, woman of colour, Canadian- immigrant, and a feminist to top it all off, it doesn’t matter if I free the nipple or if I wear niqab. My body will be policed and my choices scrutinized.” The most impor- tant thing to Aima is expressing her soli- darity and using her skills and energy to help others become more “woke” and aware of today's issues. JANA GHALAYINI “Our collective energy and efforts can make a change no matter how big or small that change is, if it is positive it will lead to some- thing greater!” Jana is a 24 year old artist. She recently received her BFA in printmaking, and was honoured with the medal in her pro- gram. Her art work explores her identity, culture, ideas of home, and sense of place. Jana loves watching films and con- tributing to community projects such as the Palestinian film festival. Jana’s fav- ourite place to be is wherever she can make her work. That way she can reflect on and understand herself better, and she can also stay true to herself which is most important to her. One thing she’s realized about herself and come to love is how empathetic and intuitive she is. She told me these qualities really come through when she is making her art. When I asked Jana what one thing is that she knows for sure she told me, ASALAH YOUSSEF “The barn is my happy place, it’s where ev- erything else that happened in the day doesn’t matter anymore, because the only thing I need to focus on is myself and my horse. It’s is such a therapeutic place. Some- times it helps me to control my emotions and sometimes it helps me to release them, because you get to be one with nature and your horse.” Asalah is a 14-year-old student at a fine art high school and an advocate for the Real Acts of Caring organization. She has been featured on podcasts, spoken to high school students, and advocated to local and national school boards, and city councils about how important spreading acts of love and kindness is in everyday life and how it should be a focus of teach- ing in schools. She was chosen by the Vancouver Canucks to be a ‘Hammers Hero’ and a video was played about her during the game’s half time and the entire stadium and hockey team cheered her on. When she’s not helping the peo- ple around her, she likes to either be practicing her love for photography, going on walks in nature, or spending time with and riding her horse. From pre-19th century imperialism to Trump’s Muslim ban, colonial representations of Muslim women have circulated in literature and media time and time again. These representations depict Arab women as voiceless, oppressed, demure, and helpless, essentially complete victims of their patriarchal societies. This one-dimensional image is stamped repeatedly on the bodies of every single Muslim woman, all 850 million of them, Arab or not. This “sameness” has had a part in motivating a 42% increase in the number of hate crimes against Muslim women in the past three years and has become the basis for widespread islamophobia. The Sisters Project counters the idea that Muslim women can be painted with one brush by humanizing and diversifying the nar- ratives of Muslim women. The project asserts that agency and individuality is broadly present in Islam, intrinsically and extrinsically, in the everyday lives of women across the globe. The portraits that make up this project show Canadian Muslim women doing and creating, showing their abili- ties, and excelling on all levels in their communities. Whether a kinesiology student considering medical school, an ESL teacher who eases immigrants into Canadian life, or the program manager of Ecotrust working tirelessly to preserve the British Columbian rainforest, these women make up the fabric of contemporary Canada. This project subverts labels and false associations, counters voicelessness and lack of agency, and shows women in control of their lives.
  • 5. SUNDAY, DECEMBER 3, 2017B16 Israeli actor played a femme fatale in spy spoofs D aliah Lavi, an Israeli actress who transitioned from se- rious parts in foreign cin- ema and in dramatic films like “Lord Jim” to lighthearted turns in 1960s spy-movie spoofs like “Casino Royale,” died on Wednes- day at her home in Asheville, N.C. She was 74. Her husband, Charles Gans, confirmed her death but did not specify the cause. Ms. Lavi, who spoke several languages, became an actress as a teenager while studying ballet in Sweden. Her first movie was a 1955 Swedish adaptation of Au- gust Strindberg’s novel “The Peo- ple of Hemso.” She went on to play a reporter in the German thriller “The Re- turn of Dr. Mabuse” (1961), the ro- mantic lead flogged in Mario Ba- va’s lurid Italian horror film “The Whip and the Body” (1963), and Cunégonde to Jean-Pierre Cassel’s Candide in a 1960 French film ad- aptation of Voltaire’s novel. “A new actress by the name of Dahlia Lavi is impressive along the lines of Brigitte Bardot or Claudia Cardinale as the lustrous Cunégonde,” Bosley Crowther wrote in a review in The New York Times, which, like many reviews and film credits from the period, misspelled Ms. Lavi’s first name. Her first American film was “Two Weeks in Another Town” (1962), Vincente Minnelli’s dra- ma, starring Kirk Douglas, about filming a movie in Rome. Ms. Lavi said Mr. Douglas had discovered her as a child in Israel and started her on the path to becoming an actress. “Lord Jim” (1965), Richard Brooks’s adaptation of the Jo- seph Conrad novel starring Peter O’Toole, was to be the breakout American role for Ms. Lavi, who played Mr. O’Toole’s love interest. But the movie flopped, and Ms. Lavi accepted a new career path as scantily clad femmes fatales in a number of parodies that sprung up after the initial success of the James Bond films. She appeared in “The Silenc- ers” (1966), the first of Dean Mar- tin’s Matt Helm films, and “The Spy With a Cold Nose” (1966), a British comedy built around the conceit of a bugged bulldog. It also starred Lionel Jeffries and Laurence Harvey. Perhaps the best example of the subgenre was the discursive, psychedelic “Casino Royale” (1967), which had almost noth- ing in common with Ian Flem- ing’s first Bond novel besides the titular casino. The movie had an ensemble cast that included Peter Sellers, Orson Welles, Ursula An- dress, Deborah Kerr and Woody Allen; and an ensemble of direc- tors that included John Huston, Ken Hughes and Joseph McGrath, each shooting a segment. Ms. Lavi played a British agent who tricks Mr. Allen’s character into poisoning himself with an atomic pill. The critical response was largely negative, but audiences enjoyed it, making it a financial success, as was the soundtrack by Burt Bacharach. But it marked the beginning of the end of Ms. Lavi’s American film career. Daliah Levinbuck was born on Oct. 12, 1942, in Haifa, in what was then British Palestine. (Her last name at birth is spelled different- ly by some sources online). Ms. Lavi told The New York Post that she was 10 when she met Mr. Douglas, who was in Isra- el filming “The Juggler,” and told him that she wanted to become a dancer. He helped persuade her par- ents to send her to Stockholm for dance instruction when she was 12. Her father died when she was 16, and she returned to Israel, where she worked for a time as a swimsuit model before becoming a full-time actress. Ms. Lavi was married four times. In addition to her husband, she is survived by a sister, Michal Vizansky; three sons, Alexander, Rouven and Stephen Gans; a daughter, Kathryn Rothman; and six grandchildren. In 1964, before “Lord Jim” opened, Ms. Lavi told The Boston Globe that she took the vicissi- tudes of her film career in stride. “I like acting and it pays well, and they say one day I will be- come a big star,” she said. “But I don’t really care about an acting career. I’d rather be a dancer.” DANIEL E. SLOTNIK DALIAH LAVI PERFORMER, 74 J. P EARC E BU N TIN G STO CK E XCHA NGE PRESIDE NT, 8 7 VISIONARY TSX LEADER EMBRACED TECHNOLOGY FRED LANGAN SPECIAL TO THE GLOBE AND MAIL To submit an I Remember: obit@globeandmail.com Send us a memory of someone we have recently profiled on the Obituaries page. Please include I Remember in the subject field. A . Pearce Bunting, who died last month at the age of 87, was president of the Toronto Stock Exchange for 17 years, from 1977 to 1994. He was from central casting: hand- some, well dressed, with impeccable manners and a fine pedigree; he was the public ideal of what a stock exchange president should be. He was also a visionary who embraced the future. Though he grew up in the era of ticker tape and open outcry markets, with floor traders shouting themselves hoarse – some needed voice training to cure damaged vocal cords – as president of the Toronto Stock Exchange he brought in computer- aided trading, starting in 1977. This was the beginning of the end for the floor traders. Slowly computers took over, though the floor of the exchange wouldn’t close until 1997. Mr. Bunting is also credited with creating the world’s first ETF or exchange-traded fund, when he helped put together a way to trade the top 35 stocks on the exchange through one instru- ment. John Pearce Bunting was born in Toronto on Sept. 6, 1929, three days after stock markets hit their peak – measured by the Dow Jones Industrial Index – after rising tenfold during the Roaring Twenties, following the First World War. He was not yet two months old when the crash happened on Wall Street, when markets lost more than 30 per cent in one week and kept falling until the middle of 1932. Markets in Toronto and Montreal (then the more important exchange) plunged with- in hours of the crash in New York – with the news coming by telephone or broker’s private wires, ac- cording to a case study by Joe Martin of the Rotman School of Management at the University of Toronto. “Stock speculators shaken in wild day of panic,” read The Globe’s front page headline on Oct. 30, 1929. No brokerage houses in Toronto went under, though, including Alfred Bunting and Co., the firm run by Pearce Bunting’s father, Alfred, who specialized in mining stocks. Toronto exchanges, there were two of them at the time, fared better than those in New York because of a mining boom, helped in great measure by the price of gold rising under an order from former U.S. president Franklin D. Roosevelt. Alfred Bunting and Co. and the Toronto markets prospered, while Montreal firms and the Montreal Stock Exchange, home to banks and large industri- als, floundered. Volume on the Toronto exchanges passed Montreal in 1934, and kept growing, presag- ing Toronto’s rise as the financial capital of Canada, the theme of Mr. Martin’s case study. Pearce Bunting grew up in Oakville, Ont., insu- lated from the Great Depression that followed the stock market crash. The name Pearce came from his mother, Harriet Pearce. He attended Appleby Col- lege, a private preparatory school in Oakville. Pearce was a top track athlete, specializing in running the mile. He won speaking and writing contests and was head prefect at his house at the boarding school. He went on to McGill University, where he board- ed with a Polish family, living in an attic. One of his fellow boarders was Zbigniew Brzezinski, who later became national security adviser to former U.S. president Jimmy Carter. Mr. Bunting graduated with a commerce degree in 1952. He worked at the bro- kerage firm McLeod Young Weir. Mr. Bunting told The Globe and Mail’s Vivian Smith in 1988 that he al- ways assumed that his father’s partner was going to buy the firm, so he never really planned a career in finance. He spent the summer of 1955 in Europe where he met his first wife, Bodil Malm- strom. He had returned to Montreal to work for another firm when his father called him and said he had bought out his partner and he asked Pearce to join the family firm. Mr. Bunting worked on the trading floor of the Toronto Stock Exchange for two and a half years before he returned to Alfred Bunting and Co. By 1967 he was president. He modernized the firm, shifting its client base from wealthy individu- als to institutions, such as banks, pension funds and insurance companies. The Toronto Stock Exchange was controlled by the brokers. Mr. Bunting became a governor of the exchange and its chairman, a post he could hold while still running his family firm. In 1977 he left Alfred Bunting to become presi- dent of the Toronto Stock Exchange, moving into a fourth-floor office insulated from the noisy trad- ing floor of the art deco building, which opened in 1934. He soon set about modernizing the exchange. He brought in a system called CATS, short for Com- puter Assisted Trading System, much to the disgust of the floor traders he once worked alongside. He brought in computer-aided trading and helped create the world’s first exchange-traded fund Pearce Bunting grew up in Oakville, On., insulated from the great depression that followed the stock market Obituaries Weak support for supply management in NAFTA talks A new survey shows most Canadians would accept a weakening of protections for domestic producers Say that supply management should be on the chopping block without any resistance 26% U.S. President Donald Trump has called Canada's restrictions on dairy imports a "disgrace," raising expectations that Canada's policy of supply man- agement will be under pressure when formal ne- gotiations begin later this month to update North America's trading regime. Current television ads from the Dairy Farmers of Canada showing young campers enjoying ice-cream cones on the bus and ballplayers celebrating with postgame pints of milk are aimed at instilling warm feelings in the hearts of Canadians when it comes to supply management. But a survey by the Angus Reid Institute shows those farmers have a lot more per- suading to do with the general public. Canada's supply-manage- ment policy – which includes extremely high import duties to restrict imports and tight quotas on the amounts a farm- er can produce – are frequently cited as an irritant by other countries when it comes to trade. Canada accepted some concessions in its trade deal with the European Union that will allow for more agricultur- al imports, but the supply-management system was maintained. The survey asked participants for their views on how Canada should handle the supply-management is- sue during the approaching NAFTA negotiations. "If concessions are demanded at the negotiating table, most Canadians seem quite comfortable with the idea of at least talking about scrapping the sys- tem," the institute states in a report. According to the survey, just 29 per cent say they would want the government to stand firm in negotiations and pro- tect supply management. NAFTA, PAGE X Business Report on n LOCATED ON PAGES 8-24 BASEBALL BLUE JAYS 4 FINAL WHITE SOX 8 YANKEES 6 FINAL RAYS 5 SOCCER TORONTO FC 1 FINAL COLORADO 1 SOUNDERS 1 FINAL COLUMBUS 0 PGA TOUR MATT EVERY -7 KEVIN CHAPPELL -7 VIJAY SINGH -6 DANIEL S. -5 TENNIS ANDY MURRAY 7750 RAFAEL NADAL 7465 ROGER FEDERER 6545 NOVAK DJOKOVIC 6325 SOCCER How Jessie Fleming elevates Canada in women’s soccer PAGE S4 GOLF Alena Sharp, Brittany Marchand off to strong starts at Manulife LPGA PAGE S6 GLOBE INVESTOR Alphabet and Amazon have seen their shares pass the $1,000 benchmark, proving investors have buoyed confidence in tech giants PAGE B7 ALPHABET........................................................B10 APPLE................................................................B8 ASANKOGOLD...................................................B5 BOMBARDIER.....................................................B5 CAMECO...........................................................B10 CANADA GOOSE HOLDINGS .......................... B12 CANNABIS WHEATON ....................................... B3 CSX ................................................................... B5 EBAY................................................................B12 FAIRFAX FINANCIAL HOLDINGS ........................ B8 FITBIT ................................................................ B8 ICICI BANK ........................................................ B8 TD BANK ......................................................... B3 COMPANIES S&P/TSX 15,039.87 174.84 | DOW 18,956.69 88.76 | NASDAQ 5,368.86 47.34 | DOLLAR 74.55/1.3413 0.55 | GOLD 1,209.80 1.10 | OIL 48.24 1.88 | GCAN 10-YR 1.56% 0.01 Bombardier begins Global 7000 luxury jet assembly Bombardier Inc. has started building its new Global 7000 luxury jet for initial customers, capitalizing on new systems. CREDIT/CREDIT Bombardier Inc. has started building its new Global 7000 luxury jet for ini- tial customers, capitalizing on new factory systems to speed up manu- facturing as it tries to get the plane certified and into service by the end of 2018. The Canadian plane maker, which received $372.5-million in federal aid earlier this year – earmarked largely for the new Global jet – said it is running four Global 7000 planes through final assembly in Toronto. At the same time, three Global 7000 jets are in flight testing, with two oth- ers expected to join them shortly. “The program’s development and certificationscheduleisontrack,”Mi- chel Ouellette, senior vice-president in charge of the Global 7000/8000 program, said in a statement to be released Monday. “Our confidence level is high.” The Global 7000, which sells for a list price of about $72-mil- lion (U.S.), and sister 8000 aircraft are Bombardier’s biggest business jets. Their development is a key pillar of the company’s turnaround plan as chief executive Alain Bellemare and his team aim to build a luxury- aircraft business that will generate a minimum 8-per-cent pretax margin on revenue of $10-billion by 2020. It’s not unusual for a manufacturer to start building the first units of an all-new aircraft for customers before testing on the plane is complete and it wins certification from regulatory authorities. But Bombardier says the build-up for the Global 7000 is hap- pening faster than with previous air- craft, partly because of innovations it has introduced on the factory floor Those include the introduction of a special interiors test rig at a facility in Dorval, Que. The rig is a replica of the plane’s actual fuselage. Using data collected from the flight-test aircraft, the rig simulates the kind of real- world conditions the plane will be subject to in order to determine the impact on the jet’s highly-custom- ized interiors. BOMBARDIER, PAGE B4 Executives are confident the new series, which is a key pillar of the company’s turnaround, will be delivered on schedule ‘Day of reckoning’ looms for consumer debt bomb T im Hortons plans to expand to Spain, its fourth venture abroad in recent months, as it tries to overcome lagging sales and an internal revolt from franchisees in Canada. Restaurant Brands International, the parent company of the coffee-and-doughnut chain, said Wednesday it has signed a deal with a joint venture partner to set up shop in one of the largest cafe mar- kets in Europe. Chief financial officer Josh Kobza said Spain provides an intriguing opportunity for RBI in its quest to be a dominant player in the global coffee industry following forays into Mexico, Britain and the Philippines. "We're building a lot of momentum in the inter- national business," Kobza said in an interview. "Some of our other potential partners are starting to see how well the Tims brand is resonating in oth- er countries outside of Canada around the world." The announcement coincided with RBI's results that showed same-store sales at Tim Hortons, an im- portant metric in retail measuring sales at locations open for at least a year, fell for the second consecu- tive quarter. TIM HORTONS, PAGE X Restaurant Brands signs deal to take Tim Hortons to Spain That's the takeaway from a handful of recent stud- ies, one of which warns a "day of reckoning" may be looming, at least for those who have borrowed far more than they should have. This comes amid exceptionally high property val- ues in some cities, even as prices ease somewhat in regions such as the Toronto area, where recent pro- vincial government measures are aimed at prevent- ing a burst bubble. But it also comes amid rising interest rates, which is precisely the issue. Let's start with prices. The latest study of afford- ability by National Bank of Canada suggests we're now experiencing the "least affordable market" in nine years, based on mortgage payments as a per- centage of income. This rose in the second quarter of the year, meaning that, nationally, it takes 39.4 months to save for a down payment on a "represen- tative home" at a savings rate of 10 per cent. That's up from 35.3 months a year earlier. "The worsening of affordability in Q2 was the eighth in a row, the longest run in almost three de- cades," said Matthieu Arsenau and Kyle Dahms of National Bank. DEBT, PAGE X Sports NICOLAS VAN PRAET BILL CURRY MICHAEL BABAD ERIC REGULY n OPINION SUNDAY, DECEMBER 3, 2017 B11 S till riding the momentum from the bronze medal she won at the 2016 Games, Masse roared to vic- tory in the 100-metre backstroke in a world-record time Tuesday at the world swimming championships in Buda- pest, Hungary. In the process she became Canada's first ever woman world champion swimmer. Masse powered to the wall in a time of 58.10 seconds, edging the previous long- course backstroke record of 58.12 seconds set by British swimmer Gemma Spofforth at the 2009 world championships in Rome. "I don't think it's really sunk in yet," Masse said in a conference call Tuesday. "I touched the wall and looked back and had to make sure I was looking at the right name and the right time. I was just super excited. In the moment I don't even know what I was thinking but excitement and joy." Masse is the first Canadian to hold the 100-metre long-course backstroke record since Wendy Cook in 1974 and the first Ca- nadian record holder in any discipline since Annamay Pierce set the 200-metre long- course breaststroke record in the semifinals of the 2009 championships. While she said she and her coaches have been fine-tuning her technique — she men- tioned her starts and turns as key areas of focus — Masse is quick to credit the 2016 Olympics as a turning point. It was a mas- sive success for Canada's women's swim team which won six medals, including four by Toronto teen Penny Oleksiak, and was given The Canadian Press Team of the Year award for 2016. SWIMMING, B15 RECORD BREAKER‘I think it was incredible last summer to be a part of that Canadian team and it really gave us confidence and momentum, and showed we belong on the international stage’ Sports An underwater camera shows Masse competing in the women's 200m freestyle final during the swimming competition at the 2017 FINA World Championships in Budapest MARTIN BUREAUMARTIN BUREAU/GETTY IMAGES BASEBALL Donaldson’s 10th- inning home run helps Blue Jays avoid the sweep PAGE S2 SOCCER Jessie Fleming lifts Canada over Costa Rica in women’s soccer friendly PAGE S4 GOLF Alena Sharp, Brittany Marchand off to strong starts at Manulife LPGA PAGE S6
  • 7. Drive SECTION B | TOPIC | TOPIC | TOPIC TRUMP Lorem fugiati squos min es susa sed que mis imussum in TURNWORD, A6 HOUSING Ipsum squos min es susa sed que mis imussum in TURNWORD, A6 NAFTA Dolor a vent fugiati squos min es susa sed que mis imussum in TURNWORD, A6 THE TESLA FACTOR Lore abor Iquos etum ipsam vel in nobit et re posandisit ommolupports ipsam vel in nobit et re posandisit ommolupit labor rum Lorem fugiati squos min es susa sed que mis imussum in TURNWORD, A6 Lorem fugiati squos min es susa sed que mis imussum in TURNWORD, A6 Lorem fugiati squos min es susa sed que mis imussum in TURNWORD, A6 W ciendae molupta tibus- am repreicit id quiaero tempore, quam esti- atenist venduci enisque nosseque molore plabor autem aspersp ellessi ut di consequia ad quasim apis incid mi, sequi ut acea vendi aliqui vellor aut eaquaes unt aut etures num repre non et utatur molescias soluptata deliciu mquunt volum mos quasi nos endaecturi quatis cuptatus magnamu sdaectis- sum et fuga. Ga. 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Ita consequas re, ium expeliqui audae- pe ribuscium facerunt apit eiciis am- eturerum qui cores et occullant dun- tusam asseque excea neturep tatur, omnimol orectatios alias asserestota debis doluptatiati nam, utempel li- gendae od essit lantia suntiur solup- tata deliciu mquunt volum hitatios aliquid ut hictorest aut alis aspel im- pelit, quos solorectiam, cullest, tem debit ut rem eliquia dolor sitiur alis debit, con nitiones aditaturi ut qui- siment ma vent imo id quod que lia LORE ABOR IQUOS ETUM IPSAM VEL IN NOBIT ET RE POSANDISIT OMMOLUPIT LABOR IQUOS ETUM IPSAM VE L IN NOBIT ET RE POSANDISIT OMMOLUPIT LABOR Estate Real Fort McMurray rebuilding faster than expected, CMHC says Fort McMurray is rebounding more quickly than ex- pected from the loss of 2,500 homes in a devastating wildfire last year, with one-third of destroyed houses now under reconstruction in the northern Alberta city. A new report by Canada Mortgage and Housing Corp. says rebuilding has started on a total of 844 homes that were destroyed by fire in May, 2016, with 722 of the projects launching in the first half of 2017 and the rest launched in 2016. The study said 99 per cent of the houses destroyed in the fire are slated to be rebuilt, with only a small number of sites to be left vacant to create a flood de- fence zone. At the current pace, the rebuilding should be com- pleted by 2020 or 2021, said CMHC analyst Timothy Gensey, who wrote the new report. The city will see its highest level of housing construction starts this year since 2009, when Fort McMurray was booming due to high oil prices. Fort McMurray fire: One year later, a look at a city working to rebuild from tragedy “Even in spite of uncertain oil prices, residents of Fort McMurray are returning, they are rebuilding their homes and the community remains vibrant,” Mr. Gensey said in an interview. Mr. Gensey said he had predicted last year that rebuilding would take longer because many at the time felt the city lacked the capacity to launch more than 600 new home construction projects in one year. But the construction push has increased more quickly than estimated, due in part to an influx of construction workers from other areas. “The community has persevered and there has been a strong push for rebuilding this year,” Mr. Gensey said. The building boom comes as Fort McMurray is facing ongoing weak employment and weakness in the resale home market due to low oil prices, which began to fall in 2014. Mr. Gensey said it appears most residents have opted to rebuild rather than leave the city or move to other areas. He said there is a risk the city’s house supply will outstrip current demand if energy pric- es remain low, but said reconstruction has been an appealing option for people who want to return to their homes and stay in their neighbourhoods. The vacancy rate in the city’s rental market has fallen from 29 per cent in 2015 to 18 per cent in 2016 as many displaced residents opted to rent while waiting for their houses to be rebuilt. CMHC is fore- casting vacancy levels will fall to 10 per cent this year because of demand from construction workers com- ing to the city to work on house rebuilding projects. Mr. Gensey said he is not certain whether vacan- cy rates will remain as relatively low in 2018 or 2019, however, because people will begin moving back into their rebuilt homes, freeing up rental space. Ontario’s new energy-efficiency rules could save homeowners money in long run SAVE THE PLANET SAVE SOME CASH W hen Ian Roland and Linda Rothstein, who are partners in both law and marriage, de- cided to extensively renovate their home three years ago, they made green design a key priority, and not just because they wanted, as Mr. Ro- land puts it, to “leave as little footprint as possible.” He describes their rambling old midtown house, which they sold in 2013, as “a leaky old ship” that cost them about $7,000 a year in electricity and gas bills. The couple retained Toronto architect Heather Dub- beldam to design a renovation that would be highly en- ergy-efficient. “It’s a very tight ship,” Mr. Roland says of their new home. Its features include superhigh velocity cooling, low-flow plumbing, extensive insulation and skylight that allows natural ventilation. The bottom line: Their energy bills are less than half of what they were in their previous dwelling. While such projects shoot well past minimum re- quirements, changes to the Ontario Building Code this year will bring more energy efficiency to all new homes as well as some renos. Ms. Dubbeldam says the 2017 revi- sions are about 15 per cent more efficient than the previ- ous set, adopted in 2012. They’re also more prescriptive: The code gives designers fewer options in terms of how to achieve those targets. Still, she adds, “it will actually save you money in the long run.” “We do relatively well compared to other countries,” says Ted Kesik, a professor of building science at the Uni- versity of Toronto’s faculty of architecture, landscape and design. But some, he notes, especially Germany and the Scandinavian countries, have adopted far more am- bitious building codes, such as so-called passive-house NATIONAL EDITION TUESDAY, DECEMBER 1, 2017 GLOBEANDMAIL.COM
  • 9. Comey speaks: Highlights from his testimony on Trump PAGE B1 MARGARET WENTE How investors can prepare for the next market downturn PAGE B2 DOUG SAUNDERS How to play Toronto’s falling real estate prices PAGE B6 ADAM RADWANSKI Eight companies insiders are buying and selling PAGE B4 KINDER MORGEN ............... A10 HOME CAPITAL .................. A11 CANADA 150 .................... A13 PERSONAL FINANCE ............ A13 NAFTA ........................... A14 UNFOUNDED .................... A15 KINDER MORGEN ................ A10 HOMECAPITAL................... A11 CANADA150..................... A13 PERSONAL FINANCE ............. A13 NAFTA ........................... A14 UNFOUNDED .................... A15 TOPICS TOPICS How we got here In 51 days, Donald Trump could be elected president. Joanna Slater examines how a bigoted, fear-mongering billionaire came to embody a stark shift in American politics TURNWORD, B6 THE GLOBE AND MAILBRITISH COLUMBIA EDITION TUESDAY, DECEMBER 1, 2017 GLOBEANDMAIL.COM S&P/TSX 15,039.87 ‚174.84 | DOW 18,956.69 88.76 | NASDAQ 5,368.86 ‚47.34 | DOLLAR 74.55/1.3413 0.55 | GOLD 1,209.80 1.10 | OIL 48.24 1.88 | GCAN 10-YR 1.56% ‚0.01 Business Report on W ciendae molupta tibusam repreicit id quiaero tempore, quam estiatenist venduci enisque nosseque molore pla- bor autem aspersp ellessi ut di conse- quia ad quasim apis incid mi, sequi ut acea vendi aliqui vellor aut eaquaes unt aut etures num repre non et utatur molescias mos quasi nos endaecturi quatis cuptatus magnamu sdaectissum et fuga. Ga. Ita consequas re, ium expeliqui audaepe ribuscium facerunt apit eiciis ameturerum qui cores et occul- lant duntusam asseque excea neturep tatur, omni- mol orectatios alias asserestota debis doluptatiati nam, utempel ligendae od essit lantia suntiur soluptata deliciu mquunt volum hita- tios aliquid ut hictorest aut alis aspel impelit, corerfe rfe- rae. Itas magnatur? Equid quos solorectiam, cullest, tem debit ut rem el- iquia dolor sitiur alis debit, con nitiones aditaturi ut quisiment ma vent imo id quod que lia nonsed que voluptasped que pore incidem eiusam ipsuntet que omnis volestrumqui dolo etur sam audam is volupta sinctus. Iqui optaerunda doluptatur aut quid ut voluptiae aut molorepelis as dolupti sserion sequibus qui- anda dolore, si si accabor sus, sum, iusaect aecture ssimin pro ipsus esciae nos mint fugiatquo corem alitassequi con pos aperiam re nonsequia dit elen- tia sinctiae voles sandele ndinimol orectatios alias asserestota debis doluptatiati nam, utempel ligen- dae od essit lantia suntiur soluptata dei quaeces ecepernatus id quiaeptam et, accusam ium repuda dolutesendel mod quae qui cus provit quidebit, TURNWORD, B6 Brexit blues: For U.K. winner, a soft economy Despite retreat, Shell affirms commitment to Canada SOLAR-TRADE BATTLE HEATS UP Ontario manufacturer among the producers that could be hit by tariffs Aciendae molupta tibusam repreicit id quiae- ro tempore, quam estiatenist venduci enisque nosseque molore plabor autem aspersp ellessi ut di consequia ad quasim apis incid mi, sequi ut acea vendi aliqui vellor aut eaquaes unt aut etures num repre non et utatur molescias mos quasi nos endaectu Ita consequas re, ium expeliqui audaepe ri- buscium facerunt apit eiciis ameturerum qui cores et occullant duntusam asseque excea neturep tatur, omnimol orectatios alias as- serestota debis doluptatiati nam, utempel li- gendae od essit lantia suntiur soluptata deliciu mquunt volum hitatios aliquid ut hictorest aut alis aspel impelit, quos solorectiam, cullest, tem debit ut rem eliquia dolor sitiur alis debit, con nitiones aditaturi ut quisiment ma vent imo id quod que lia nonsed que voluptasped que pore incidem eiusam ipsuntet que omnis volestrumqui dolo etur sam audam is volupta sin Iqui optaerunda doluptatur aut quid ut voluptiae aut molorepelis as dolupti sserion sequibus quianda dolore, si si accabor sus, sum, iusaect aecture ssimin pro ipsus esciae nos mint fugiatquo corem alitassequi con pos aperiam re nonsequia dit elentia sinctiae voles sandele ndionse pre sam qui quaeces ecepernatus id quiaeptam et, accusam ium repuda dolutesendel mod quae qui cus provit quidebit, ut ut qui aut voluptas aut quam, ut alic to omnis autem quuntiur am ad magnihi ERIC REGULY EUROPEAN BUREAU CHIEF BYLINE HERE TITLE OR COLUMN HERE LORE ABOR IQUOS ETUM IPSAM VEL IN NOBIT ET RE POSANDISIT OMMOLUPIT European Dividend Growth Fund (the “Fund”) is offering units to investors either by (i) cash payment of $10.00 per unit, or (ii) an exchange of securities of any exchange eligible issuer listed below. Please contact your investment advisor or refer to the preliminary prospectus dated May 30, 2017 for detailed information on how to participate in the offering by way of either cash purchase or exchange of securities. The Fund will invest in a portfolio of equity securities of 20-25 large capitalization European Dividend Growth Companies selected by Brompton Funds Limited, giving consideration to dividend growth potential, valuation, profitability, dividend yield, balance sheet strength, and liquidity. The initial distribution target for the Fund is $0.04167 per Unit per month representing a yield on the subscription price of 5.0% per annum. EXCHANGE OFFER AND CASH OPTION AVAILABLE Exchange deadline: 5:00 p.m. (Toronto time) on June 22, 2017. CDS participants may have earlier deadlines. A preliminary prospectus containing important information relating to the units has been filed with securities commissions or similar authorities in each of the provinces and territories of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from your financial advisor. This advertisement shall not constitute an offer to sell. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued. There are ongoing fees and expenses associated with owning shares of an investment fund. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. IF YOU OWN ANY OF THE FOLLOWING SECURITIES, YOU ARE INVITED TO EXCHANGE THOSE SECURITIES FOR UNITS OF EUROPEAN DIVIDEND GROWTH FUND www.bromptongroup.com 1-866-642-6001 European Issuers (ADRs unless otherwise noted) ABB Anheuser-Busch Inbev ASML Holding Astrazeneca (Common) Astrazeneca Banco Bilbao Vizcaya Argentaria Banco Santander Barclays BMW (Common) BP British American Tobacco BT Group Carnival Corporation (Common) Carnival plc Daimler (Common) Diageo ENI Glaxosmithkline HSBC Holdings (Common) HSBC Holdings ING Groep Lloyds Banking Group National Grid Novartis Novo Nordisk Prudential plc Rio Tinto Royal Dutch Shell (Class A) Royal Dutch Shell (Class B) Sanofi SAP Shire Syngenta Telefonica Total UBS (Common) Unilever Vodafone Group Canadian ETFs iShares MSCI EAFE Index ETF iShares Core MSCI EAFE ETF iShares MSCI Europe IMI Index ETF FTSE Dvlpd. Europe All-Cap Idx. ETF Canadian Issuers (Common) ARC Resources Barrick Gold Blackberry Bombardier Cameco Cenovus Energy Crescent Point Energy Eldorado Gold ABB BUD ASML AZN AZN BBVA SAN BCS BMW BP BTI BT CCL CUK DAI DEO E GSK HSBA HSBC ING LYG NGG NVS NVO PUK RIO RDS.A RDS.B SNY SAP SHPG SYT TEF TOT UBSG/UBS UL VOD XIN XEF XEU VE ARX ABX BB BBD.B CCO CVE CPG ELD Enbridge Goldcorp Husky Energy Kinross Gold Potash Corporation Saputo SNC-Lavalin Group Valeant Pharmaceuticals Yamana Gold ENB G HSE K POT SAP SNC VRX YRI G S&P/TSX 15,409.78 -32.97 DOW 21,184.04 -22.25 S&P 500 2,436.10 -2.97 NASDAQ 6,295.68 -10.12 DOLLAR 74.17/1.3483 +0.12/-0.0021 GOLD 1,282.70 +2.50 OIL 47.40 -0.26 GCAN 10-YR 1.41% +0.01 ..................................................................................................................................................................................................................................................................................................................................................... Reporton Business TUESDAY, JUNE 6, 2017 SECTION B ..................................................................................................................................................................................................................................................................................................................................................... Connect with us: @globebusiness facebook.com/theglobeandmail linkedin.com/company/the-globe-and-mail EDITOR: DEREK DeCLOET ..................................................................................................................................................................................................................................................................................................................................................... Rosenberg 6 Concerns about Canada in global financial markets are way overblown PAGE 9 The federal government says it is concerned about high cellphone prices and is ordering the tele- com regulator to review a recent ruling on roaming that makes it harder for some small wireless companies to provide inexpen- sive service. Innovation Minister Navdeep Bains said on Monday he has directed the CRTC to revisit a March decision on how smaller wireless companies can access roaming services provided by the major wireless providers, Rogers Communications Inc., Telus Corp. and BCE Inc. In that ruling, the CRTC said service providers that use WiFi as their primary network can’t rely on regulated rates for cellular roaming from the Big Three to keep their customers connected when WiFi is not available. The regulator said companies that do not own airwaves or op- erate a cellular network in a par- ticular geographic area cannot allow their customers to “perma- nently roam” on the networks of the established national carriers. The ruling reflected the CRTC’s policy of encouraging wireless companies to invest in building their own networks. The decision, as well as a relat- ed ruling, put a halt to a business model used by Toronto-based Sugar Mobile, which offered a cheap wireless service relying pri- marily on WiFi access. When a cellular connection was neces- sary, Sugar turned to a roaming agreement that a related com- pany had with Rogers in the northern territories. Telecoms, Page 2 Bains takes aim at wireless affordability Consumers ‘deserve more choice,’ minister says as he orders CRTC to review a recent decision on smaller carriers’ roaming access ..................................................................................................................................................................................................................................................................................................................................................... CHRISTINE DOBBY TELECOM REPORTER ................................................................ Toronto’s overheated housing market has cooled rapidly since the Ontario government announced a suite of new hous- ing measures in April, with aver- age prices dropping 6 per cent in May, while the number of homes sold fell by 12 per cent during the month. The average sale price for all types of homes in the Greater Toronto Area was $863,910 in May, a drop of 6.2 per cent from $920,791 in April, according to sales data from the Toronto Real Estate Board (TREB). The price was still up 15 per cent compared with May, 2016, however, because of large price gains earlier this year. The month-over-month price decline came as more homes were listed for sale in May, with new listings rising 19.4 per cent to 25,837 from 21,630 in April. New listings were up 49 per cent over May last year. At the same time, sales fell 12 per cent, with 10,196 homes selling in May compared with 11,630 in April. Sales were down 20 per cent from 12,790 in May last year. Realtors say the Toronto mar- ket seems to be correcting from a huge rate of price growth earlier this year, but shows no signs of sliding into a real estate crash. “In the first quarter, the market was not normal,” said Christo- pher Alexander, regional director for Ontario and Atlantic Canada at Re/Max. “We had between 6,000 and 7,000 active listings for a district of over five million peo- ple, so prices were extremely high and it was fuelled by specu- lation, panic and low inventory.” Housing, Page 2 GTA housing: cooling, but far from cold ..................................................................................................................................... A row of houses is seen along Dupont Street in Toronto in April, 2017. The city’s housing market is beginning to show signs of stabilization following government measures announced in April. COLE BURSTON/THE GLOBE AND MAIL JANET McFARLAND ................................................................ Bank of Nova Scotia brass used to throw an annual holiday cocktail party for jour- nalists and spiced up the event a few years back by serving up pisco sours, a Peruvian fav- ourite, to celebrate an acquisi- tion in the South American country. If they hold the bash this year, a shot of Mexican tequila or a Chilean Borgona wine punch, with fresh strawberries, may be required, if Scotiabank chief ex- ecutive Brian Porter can deliver on an acquisition-based interna- tional growth strategy that boasts higher potential returns and less risk that the U.S. expansion plans playing out at rival Canadian banks. Scotiabank turned in better- than-expected financial results last week, with quarterly profit up 11 per cent to $2.06-billion, in part because of of the strength of its Latin America operations. Mr. Porter made it clear that his well-capitalized bank plans to continue expand- ing in the region, highlighting the possibility of making acqui- sitions over the next year in Mexico and Chile. Scotiabank has deep roots in both countries; it currently owns the seventh largest bank in both Mexico and Chile, mea- sured by assets. Mr. Porter said he wants to bulk up franchises in both countries, to increase their profitability. The Canadian bank has approximately 6 per cent of the market in each country, and last week, Scotia- bank executives said the goal is to increase that share to 10 per cent or more. As Scotiabank targets a slight- ly smaller regional rival to hit that 10-per-cent market-share threshold, the Canadian bank is working through a relatively short list of takeover targets – approximately a dozen banks in both Mexico and Chile fit the bill. Willis, Page 2 STREETWISE Scotiabank’s playbook: More deals in Latin America ..................................................................................................................................... ANDREW WILLIS awillis@globeandmail.com ................................................................ ALPHABET ............................................. B10 APPLE ..................................................... B8 ASANKO GOLD ....................................... B5 BOMBARDIER .......................................... B5 CAMECO ................................................ B10 CANADA GOOSE HOLDINGS ................. B12 CANNABIS WHEATON ............................. B3 CSX ......................................................... B5 EBAY ...................................................... B12 FAIRFAX FINANCIAL HOLDINGS ............. B8 FITBIT ..................................................... B8 ICICI BANK .............................................. B8 TD BANK ................................................. B3 TOSHIBA ................................................. B8 XIAOMI ................................................... B8 XTREME DRILLING ................................. B10 Companies Globe Investor GOOGL ..................................................................................................................................... Alphabet and Amazon have seen their shares pass the $1,000 benchmark, proving investors have buoyed confidence in tech giants PAGE 10 The parent of Tim Hortons, which has faced rising pushback from its franchisees about its tight-fisted management style, held its annual meeting on Mon- day but didn’t give them a chance to air their grievances. Daniel Schwartz, chief execu- tive officer of Restaurant Brands International Inc., which acquired Tim Hortons in late 2014, cut off the meeting when other companies usually take questions from the audience. “I’m astounded,” John James (J.J.) Hoey, a franchisee in Missis- sauga and an organizer of the Great White North Franchisee As- sociation, said later. The associa- tion was formed in March to speak for Tim Hortons restaurant owners and raise concerns about the effects of RBI’s cost-cutting. In an interview later, Mr. Schwartz said the company is in “constant dialogue with our res- taurant owners. We’re always willing to speak with them.” RBI, Page 2 No questions, please – we’re Tim Hortons ................................................................ MARINA STRAUSS RETAILING REPORTER OAKVILLE, ONT. ................................................................ GLOBE INVESTOR Alphabet and Amazon have seen their shares pass the $1,000 benchmark, proving investors have buoyed confidence in tech giants PAGE 10 ALPHABET........................................................B10 APPLE ................................................................ B8 ASANKOGOLD...................................................B5 BOMBARDIER ..................................................... B5 CAMECO...........................................................B10 CANADA GOOSE HOLDINGS .......................... B12 CANNABIS WHEATON ....................................... B3 CSX ................................................................... B5 EBAY ................................................................ B12 FAIRFAX FINANCIAL HOLDINGS ........................ B8 FITBIT ................................................................ B8 ICICI BANK ........................................................ B8 TD BANK ......................................................... B3 TOSHIBA .......................................................... B8 CSX ................................................................... B5 EBAY ................................................................ B12 COMPANIES DAVID BERMAN Where will flightsimulation giant CAE find profitable growth opportunities to justify the stock’s lofty valuation? PAGE B2 Aciendae molupta tibusam rep- reicit id quiaero tempore, quam estiatenist venduci enisque nosseque molore plabor autem aspersp ellessi ut di consequia ad quasim apis incid mi, sequi ut acea vendi aliqui vellor aut eaquaes unt aut etures num repre non et utatur molescias mos quasi nos endaecturi quatis cuptatus magnamu sdaectissum et fuga. Ga. Ita consequas re, ium expeliqui audaepe ribuscium facerunt apit eiciis ameturerum qui cores et occullant duntusam asseque excea neturep tatur, om- nimol orectatios alias asserestota debis doluptatiati nam, utempel ligendae od essit lantia suntiur soluptata deliciu mquunt volum hitatios aliquid ut hictorest aut alis aspel impelit, quos solorec- tiam, cullest, tem debit ut rem eliquia dolor sitiur alis debit, con nitiones aditaturi ut quisi- ment ma vent imo id quod que lia nonsed que voluptasped que pore incidem eiusam ipsuntet que omnis volestrumqui dolo etur sam audam is volupta sin Iqui optaerunda doluptatur aut quid ut voluptiae aut mol- orepelis as dolupti sserion sequi- bus quianda dolore, si si accabor sus, sum, iusaect aecture ssimin pro ipsus esciae nos mint fugiat- quo corem alitassequi con pos T ciendae molupta tibus- am repreicit id quiaero tempore, quam esti- atenist venduci enisque nosseque molore plabor autem aspersp ellessi ut di consequia ad quasim apis incid mi, sequi ut acea vendi aliqui vellor aut eaquaes unt aut etures num repre non et utatur molescias mos quasi nos endaecturi quatis cuptatus magnamu sdaectissum et fuga. Ga. Ita consequas re, ium expeliqui audaepe ribuscium facerunt apit eiciis ameturerum qui cores et occullant duntusam asseque excea neturep tatur, om- nimol orectatios alias asserestota debis doluptatiati nam, utempel ligendae od essit lantia suntiur soluptata deliciu mquunt volum hitatios aliquid ut hictorest aut alis aspel impelit, corerfe rferae. Itas magnatur? Equid quos solorectiam, cullest, tem debit ut rem eliquia dolor sitiur alis debit, con nitio- nes aditaturi ut quisiment ma vent imo id quod que lia nonsed que voluptasped que pore inci- dem eiusam ipsuntet que omnis volestrumqui dolo etur sam au- dam is volupta sinctus. Iqui optaerunda doluptatur aut quid ut voluptiae aut mol- orepelis as dolupti sserion sequi- bus quianda dolore, si si accabor A ciendae molupta tibus- am repreicit id quiaero tempore, quam esti- atenist venduci enisque nosseque molore plabor autem aspersp ellessi ut di consequia ad quasim apis incid mi, sequi ut acea vendi aliqui vellor aut eaquaes unt aut etures num repre non et utatur molescias mos quasi nos endaecturi quatis cuptatus magnamu sdaectissum et fuga. Ga. Ita consequas re, ium expeliqui audaepe ribuscium facerunt apit eiciis ameturerum qui cores et occullant duntusam asseque excea neturep tatur, om- nimol orectatios alias asserestota debis doluptatiati nam, utempel ligendae od essit lantia suntiur soluptata deliciu mquunt volum hitatios aliquid ut hictorest aut alis aspel impelit, corerfe rferae. Itas magnatur? Equid quos solorectiam, cullest, tem debit ut rem eliquia dolor sitiur alis debit, con nitio- nes aditaturi ut quisiment ma vent imo id quod que lia nonsed que voluptasped que pore inci- dem eiusam ipsuntet que omnis volestrumqui dolo etur sam au- dam is volupta sinctus. Iqui optaerunda doluptatur aut quid ut voluptiae aut mol- orepelis as dolupti sserion sequi- bus quianda dolore, si si accabor Cannabis Wheaton lights up new financing deal How to play Toronto’s falling real estate prices BYLINE HERE TITLE OR COLUMN HERE BYLINE HERE TITLE OR COLUMN HERE The political fad that’s heaping huge risks on investors PAGE B1 JEFFREY JONES