vault

Tuesday April 5, 2022

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Tuesday April 5, 2022

The Vatican holds billions in assets. Residential school survivors say the Pope should step up on compensation

March 29, 2022

As a Canadian delegation prepares for its final meeting with Pope Francis in the Vatican Friday, a growing chorus in Canada is hoping Francis commits to immediately remedying the Roman Catholic Church’s broken compensation promises to residential school survivors.

Canadian bishops announced a renewed fundraising effort last fall —  $30 million over five years — and say work is well underway.

But critics are skeptical. Even if that money can be raised, they say it’s wrong to make the dwindling number of elderly survivors wait that long. They say that if Canadian bishops won’t do it immediately, the Vatican should.

Although all the full specifics of the Vatican’s holdings are unknown, a tabulation of known assets puts them in the tens or possibly hundreds of billions of dollars.

September 5, 2018

Survivors say the compensation money isn’t for them — it’s to fund addictions and mental health supports, job training, recreation, language preservation and other programs for their descendants suffering through intergenerational trauma.

“It affected my children, my grandchildren. So many are lost,” said survivor and mental health worker Audrey Eyahpaise of the Beardy’s & Okemasis Cree Nation.

The survivors say the Vatican is just as responsible as the local religious orders and dioceses.

October 18, 2018

“This has been a struggle for many years. They’ve been patient. They keep hearing broken promises,” said University of Saskatchewan Indigenous studies professor and Peter Ballantyne Cree Nation member Bonita Beatty.

“It’s a hierarchy. They report up to the Vatican. So yes, he [Pope Francis] is responsible for the various arms of his government. He can’t just wash his hands of it.”

Francis’s supporters say he has moved the church toward greater transparency, but a definitive dollar figure of the Roman Catholic Church’s wealth remains unavailable.

CBC News collected publicly available information to obtain a partial list of the church’s assets. They include:the Vatican, Vatican Bank, art and architecture, investments, and land. (CBC) 

 

Groundhog Day

From the vault, Tuesday, February 2, 2010

Three groundhogs see their shadows, the other three don’t.

It’s Groundhog Day, and the long-range forecast is in from Canada’s woodchuck “weathermen.”

Ontario’s Wiarton Willie emerged from his cozy den this morning and immediately spotted his shadow, which according to groundhog folklore means Canadians can expect six more weeks of what has already been a long, cold, snowy winter.

A little earlier Nova Scotia’s Shubenacadie Sam waddled out into the morning light, but unlike Willie, he did not see his shadow — indicating warmer days are just ahead.

Fred la Marmotte in Val d’Espoir, a town in Quebec Gaspésie region, wasn’t deterred by falling snow. He rendered his early-spring verdict around 9:30 a.m. ET on Sunday.

As for America’s rodent royalty, Pennsylvania’s Punxsutawney Phil — the most famous groundhog of them all — he did see his shadow this morning, heralding another month and a half of Old Man winter.

However, regardless of what the groundhogs may be trying to tell us, Environment Canada is predicting the frigid temperatures that have gripped much of the country for the past two months will likely persist right through February. (source: CBC News)