Trumps Immigration Intentions Revealed

Rabat – Officials from the Department of Homeland Security (DHS) have revealed details regarding US President, Donald Trump’s, intentions for his immigration policies, according to a report from CNN.Officials from the DHS revealed detailson Tuesday, from so-called “guidance memos” regarding changes Trump intends to make to existing American immigration policies. The memos being referred to were signed by Homeland Security Secretary, John Kelly.Two executive orders are in the offing. One will pertain to border security and purportedly involve the construction of a border fence along the US border with Mexico. The second order will refer to interior enforcement policy and procedural changes. The guidance memos released by the DHS predict a massive increase in resources being allocated to Immigration and Customs Enforcement, building that wall, now downgraded to a fence, at the Mexican border and a hard-line approach to undocumented immigrants.The memos give a strong indication that the number of people at risk of being deported will be vastly increased. To achieve this, the Trump administration will authorize a broader use of the existing “expedited removal” procedures, greatly reducing the need for court proceedings.According to the same source, under the changes about to be imposed, if someone cannot prove they have lived in the US for two continuous years, they could be eligible for “expedited removal.” This provision has historically been reserved only for people apprehended within 100 miles of the border, or those who had arrived only 1-2 weeks previous to their apprehension.Changes are also being predicted to the “catch and release” program, with the intent of eventually bringing an end to it altogether. Currently, undocumented immigrants can be caught, then released pending their court appearance. These appearances sometimes don’t take place until years after the immigrant’s apprehension. The guidance memos released by the DHS clearly point to this policy as a Trump target. read more

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Closing Bell TSX ekes out minor gain Syrian worries push oil to

TORONTO — The Toronto stock market closed slightly higher at the end of a volatile session as worries about the prospect of a U.S.-led military strike on Syria inflicted losses on most sectors.Here are the closing numbersTSX — 12,607.22 +16.01 0.13%S&P 500 — 1,634.96 +4.48 0.27%Dow — 14,824.51 +48.38 0.33%Nasdaq — 3,593.35 +14.83 0.41%The S&P/TSX composite index closed up 16.01 points at 12,607.22 on Wednesday as gold and base metal stocks lost early gains amid falling metal prices.The market found support from energy companies as investor jitters sent crude oil to its highest level in more than two years and record earnings from National Bank (TSX:NA).“I don’t think the international community is worried about Syria in itself — they’re worried about the fallout in the area if things were to escalate further,” said Gareth Watson, vice-president investment management and research at Richardson GMP.National Bank, Canada’s sixth-biggest bank, earned $419 million or $2.39 a diluted share, up from $353 million or $1.98 per share in the same 2012 period. Revenue rose 5% to $1.29 billion. Ex-items, net income was a record $391 million or $2.22 per diluted share, 16 cents higher than analysts expected and its shares rose $1.89 to $81.14. The Canadian dollar was lower as investors avoided riskier assets such as commodity based currencies and equities, falling 0.1 of a cent to 95.37 cents US.U.S. markets fared better amid data showing the recovery in the U.S. housing sector remains on track despite higher mortgage rates.The National Association of Realtors said its latest seasonally adjusted index for pending home sales declined 1.3% to 109.5. That compared with a reading in May of 111.3, which was the highest since December 2006.The Dow Jones industrials were ahead 48.38 points to 14,824.51, the Nasdaq climbed 14.83 points 3,593.35 and the S&P 500 index rose 4.48 points to 1,634.96.Concerns about an attack grew after the United Nations’ special envoy to Syria said that evidence suggests that some kind of chemical “substance” was used in Syria that may have killed more than 1,000 people. But Lakhdar Brahimi added that any military strike in response must first gain UN Security Council approval.The comments came as a UN inspection team was investigating an alleged poison gas attack near Damascus on Aug. 21.The energy sector led advancers, up 1.5% as oil ran up to its highest level in over two years on worries over supply disruptions despite data showing an unexpected climb in oil inventories last week.“When you add it all up — the problems in Libya, Egypt, Syria — you’re looking at three million barrels a day in potential production outages,” said Nick Koutsoftas, a commodities-focused portfolio manager at Cohen & Steers in New York.The October contract on the New York Mercantile Exchange closed up $1.09 to US$110.10 a barrel, its highest close since May, 2011. Canadian Natural Resources (TSX:CNQ) was ahead $1.21 to C$32.95 and Cenovus Energy (TSX:CVE) was up 81 cents to $30.86.The industrials sector was also positive, up while transport giant Bombardier Inc. (TSX:BBD.B) has signed a preliminary agreement with a Russian state corporation for the purchase of as many as 100 Q400 NextGen aircraft in a deal that could be worth up to US$3.39 billion. The agreement includes 50 Q400 NextGen aircraft to be sold to Russian operators and the potential placement of at least another 50 in the region. Bombardier shares gained 12 cents to $4.69.Technology stocks were also supportive with BlackBerry (TSX:BB) ahead 31 cents to $10.85 amid reports that Chinese technology company Lenovo will make a US$17 a share bid for the smartphone maker.The gold sector led decliners, down about 2.5% following a slide of 4% Tuesday as gold prices slipped. The December bullion contract lost $1.40 to US$1,418.80 an ounce after sent prices surged $27 on Tuesday. Barrick Gold Corp. (TSX:ABX) faded 38 cents to C$20.26 while Iamgold (TSX:IMG) dropped 26 cents to $6.46.Gold has also been in demand through its status as a haven in times of geopolitical uncertainty. Earlier in the session, it had hit a three-month high of US$1,434.The metals and mining sector was down 0.6% while the September copper contract was down three cents to US$3.30 a pound. First Quantum Minerals (TSX:FM) fell 48 cents to C$17.39.In other corporate news, Capital Power (TSX: CPX) announced a deal to sell three New England power plants to Emera Inc. (TSX: EMA) in a US$541 million deal that will see it will wind down its commodity and energy trading business outside Alberta.Capital Power shares gained 54 cents to $20.42 while Emera slipped 11 cents at $30.24. TOP STORIES WHAT’S ON DECK THURSDAYBombardier to do Q400 assembly work in Russia after $3.4B deal for 100 planes struckNational Bank impresses as earnings surge to ‘record’‘Banging the close’ in the US$4.7 trillion-a-day currency marketAs Syria fears send oil higher, Canada looks like bastion of safetyECONOMIC NEWSCANADA8:30 a.m.Current Account Balance (Q2): Economists expect deficit of -$14.8-billion Industrial Product price index (July): Economists expect 0.3% rise Raw material price index (July): Economists expect expect 0.8% rise UNITED STATES8:30 a.m.Weekly jobless claims: Economists expect 332,000 new claims, down from last week Real GDP (Q2): Economists expect 2.2% gain annualized CORPORATE NEWSCANADACanadian Imperial Bank Comm: Q3 earnings: Analysts expect $2.12 a share Royal Bank Of Canada: Q3 earnings: Analysts expect $1.37 a share Toronto-dominion Bank Q3 earnings: Analysts expect $1.53 a share UNITED STATESCampbell Soup Company: Q4 earnings: Analysts expect 42¢ a share Salesforce.com, Inc. Q2 earnings: Analysts expect 7¢ a share Pall Corp. Q4 earnings: Analysts expect 89¢ a share read more

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