In Canada, after 5 days of non-stop rain, the city of Calgary, AB is under its first local state of emergency. The Elbow River has risen to an extreme high and the town of Bragg Creek, just west of the city, is totally evacuated. This would be the first of 3 waves of major flooding.
In Canada, Cineplex Odeon announces that it is purchasing Famous Players, uniting the two largest movie theatre chains. Famous Players is currently owned by Viacom and will be purchased for about $500 million CAD. In fear of unfair competition, the Federal Commission of Competition has announced that Cineplex needs to sell off 35 of its theatres. (CBC)