News

Peru has elected a new president. Olianta Humala defeated Keiko Fujimori in a run-off election Monday.

Humala has been compared with Hugo Chavez of Venezuela for his dedication to defeating poverty and combating inequality. But he says he has no plans to nationalize industries like Chavez did. A move that scared American investors away from the oil rich nation.

There are signs that investors in Peru fear the same fate. The Peruvian stock exchange fell over 10% as soon as the results came in. Humala officially takes over from outgoing president Alan Garcia on July 28th.

Starting Monday, transit goers will no longer have access to Villa Maria metro station. It will be undergoing repairs and  renovations for at least the next three months.

A special shuttle bus will be available to take people to Cote St. Catherine or Snowdon metro stations. During peak hours the shuttle will leave every two to three hours.

The repairs are expected cost $1.9 million.

Photo by Nika Vee.

Finance Minister Jim Flaherty will table Canada’s budget to the House of Commons Monday afternoon. It will be an almost identical budget to the one tabled on March 22. The Conservatives hold a majority of the seats in Parliament and the budget is likely to pass without any trouble.

Read and produced by Erica Bridgeman

Stories written by Michael Lemieux, Aisha Samu and Samah Fadil.

Tonight snail mail will become even slower as Canadian postal workers go on strike. As of midnight the Canadian Union of Postal Workers will begin a series of 24-hour strikes starting in Winnipeg.

The union has been in contract talks with Canada Post for over seven months but has not reached an agreement. On Monday, they gave the required 72 hours notice for a strike.

The union is demanding increases in wages as well as upgrades to sick leave and pensions. Currently a starting postal worker makes $23 an hour.

One child is dead after a collision in N.D.G. on Tuesday. The accident happened at Grand Blvd. and Terrebonne St., a few blocks away from the Loyola campus. The 3-year-old boy was ejected from a SUV after it was hit by a Tundra 4x4. The second driver was not injured, but a woman and three children in the other car were taken to hospital.

Neighbours say that drivers treat Grand like a highway. They say it was an accident waiting to happen.

Its official: the Atlanta Thrashers are moving to Winnipeg.

True North Sports and Entertainment hosted the press conference at the MTS centre, the arena where the team will play their games. True North has been in talks with Atlanta Spirit, the owner of the Thrashers, for weeks and has said a formal announcement would be made as soon as the deal was finalized.

Winnipeg mayor Sam Katz was delighted to learn of the news which he says will be excellent for not only the city, but for the entire NHL.