Canada Must Develop Nation-wide Dementia Strategy: Editorial

It’s FREE! Click one of these fan favorites to get started: Apple ; Google ; Ford . Is Air Canada’s Rally Set to Continue? September 19, 2013 | Comments (0) About a week ago, I discussed some of the reasons for Air Canada’s (TSX: AC.B ) strong stock performance over the past year. If the airline closed above its then-52-week high of $3.40, I promised I’d give it another look.Here’s why that ended up happening sooner than I thought. Industry rally As stocks react to positive developments over time, or as investors pile in, sensing a move upward, many companies can rise on momentum-style buying. With shares up more than 22% since the beginning of September (as of Sept. 17), and up nearly 100% year to date, there is clearly an uptrend happening in Air Canada’s stock. But what’s driving this rally? Airlines in general have been rallying this year, with United Continental Holdings (NYSE: UAL ) and Delta Air Lines (NYSE: DAL ) up 41% and 96%, respectively, year to date. These companies have benefited from a rebounding economy and disciplined capacity measures, both of which helped them post substantial earnings increases. Not only is the industry’s situation getting better, but investors are also beginning to see a new perspective on airlines: stable profits fed by higher fares and load factors and reduced competition. I don’t see this perspective fully priced into airlines yet, however. Using Businessweek’s earnings estimates and closing prices from Sept. 17, Delta Air Lines trades at only 7.8 times its 2014 fiscal year earnings, and United Continental trades for even less, at 7.3 times its 2014 earnings.

Is Air Canada’s Rally Set to Continue?

Thats a huge hit on precious health dollars, not to mention the lost productivity of exhausted family caregivers. What Canada needs is a national plan to deal with this slow-motion crisis. Such a strategy would bring a sharp, united focus to the work of medical research projects, doctors, Alzheimer associations and even front-line caregivers. The federal government should listen to the rising voices of organizations like the Alzheimer Society of Canada and create a national strategy. As Alzheimer society CEO Mimi Lowi-Young told the Economic Club of Canada this past week, Unless we start defusing the dementia time bomb this disease will be the greatest threat to our economy, to our countrys productivity and to our quality of life. Strong words, but appropriate. As a recent study in the New England Journal of Medicine concluded, dementia has exceeded cancer and heart disease as the most costly illness in America. In Canada, we face the same sad reality. Instead of following countries like Britain, where Prime Minister David Cameron is holding a dementia summit this December, Canada has no overall plan to manage the disease. Indeed, it doesnt even have an aging strategy. The Alzheimer society is recommending an arms-length, not-for-profit organization be funded through the Public Health Agency of Canada at a cost of $30 million over five years. It would be responsible for research coordination, training for health-care providers, delivery of health-care services and education including how to recognize early signs of the disease that affects people in their 40s and 50s. Its a worthy idea that could make a striking difference.

Canada Crash: Train And Bus Collide, Multiple Fatalities Reported (PHOTOS)

The bus was on a dedicated transit line that runs parallel to a busy commuter artery just outside the suburban train station of Fallowfield. The Transportation Safety Board said the train was traveling at a reduced speed because it was nearing a station and because of the crossing. Via Rail crossings have long been a concern, according to the national Transportation Safety Board’s lead investigator, Glen Pilon, who said retrieving the black box recording was a priority to determine what went wrong. “Our team will take the time required to determine what happened. This could take several months,” said Jean Laporte, the Transit Safety Board’s chief operating officer. Canada has seen 257 accidents involving passenger trains colliding with vehicles at level crossings over the last decade, the safety board said Wednesday. Trains striking cars or trucks at rail crossings occur “with unfortunate frequency,” said Grady Cothen, a former senior safety official with the U.S. Federal Railroad Administration. Driver distraction or fatigue and poorly designed intersections all can be factors, he said. In the U.S., buses are required to stop before proceeding through a railroad crossing, even if crossing gates are up and there is no signal indicating a train is coming, Cothen said. ___ Associated Press writer Rob Gillies in Toronto and Joan Lowy in Washington contributed to this report. Loading Slideshow A city bus is severely damaged after colliding with a Via Rail passenger train at a crossing in Ottawa, Ontario, Wednesday, Sept. 18, 2013. An Ottawa Fire spokesman told CP24 television there are multiple fatalities and a number are injured from the bus but no injuries on the train. (AP Photo/The Canadian Press, Terry Pedwell) Officials respond to the scene where a city bus collided with a Via Rail passenger train at a crossing in Ottawa, Ontario, Wednesday, Sept.