TSX posts modest gain

first_img Related news Facebook LinkedIn Twitter Keywords Marketwatch The Toronto Stock Exchange’s main index was relatively flat as gains in lumber operations were offset by losses in marijuana companies. The S&P/TSX composite index gained 21.24 points to 16,308.18. Share this article and your comments with peers on social media Aleksandra Sagan center_img TSX gets lift from financials, U.S. markets rise to highest since March Toronto stock market dips on weakness in the energy and financials sectors S&P/TSX composite hits highest close since March on strength of financials sector “It’s basically being pulled at two sides,” said Ian Scott, an equity analyst at Manulife Asset Management. “It’s basically like trees versus weeds today.” West Fraser Timber Co. shares jumped 5.38% or $4.33 to $84.83 after RBC upgraded West Fraser from under-perform to sector-perform, he said, removing the final under-perform rating for the company. That bump permeated throughout the industry, Scott said. Interfor Corp. and Canfor Copr. also both gained more than 5% cent. But the boost from the materials sector was offset by a fall in health care. Shares in the sector shed more than 6% on average, with two marijuana companies being the index’s biggest losers of the day. Canopy Growth Corp. shares dropped 13.87% or $5.21 to $32.35, while Aphria Inc. shares fell 12.31% or $2.53 to $18.02. Volatility is the name of the game in the marijuana sector now, Scott said. “Any time a stock climbs over 40% in six days with no news flow, you should be prepared to see some profits taken,” he said. Canopy Growth shares closed at $29.74 on Dec. 29 and hit a 2018 high of $42.07 on Jan. 9 — a 41.46% increase. On Wall Street, all three indices reached a second consecutive day of record highs. The Dow Jones industrial average rose 228.46 points to 25,803.19, the S&P 500 index advanced 18.68 points to 2,786.24 and the Nasdaq composite index moved up 49.28 points to 7,261.06. U.S. markets will be closed on Monday, Jan. 15 for Martin Luther King, Jr. Day. The Canadian dollar closed at an average trading value of US79.97¢, up 0.19 of a U.S. cent. The February crude contract advanced US50¢ to US$64.30 per barrel and the February natural gas contract rose US11.6¢ to US$3.20 mmBTU. The February gold contract gained US$12.40 to US$1,334.90 an ounce and the March copper contract shed roughly US1.5¢ to about US$3.22 a pound.last_img read more

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Industrial action by school secretaries scheduled for Friday

first_img Google+ Harps come back to win in Waterford Facebook Previous articleSenior Championship Report – The Possible OutcomesNext articleCouncil urged to end process of buying houses on private market News Highland Google+ Industrial action by school secretaries scheduled for Friday Twitter WhatsApp WhatsApp Twitter News, Sport and Obituaries on Monday May 24th Important message for people attending LUH’s INR clinic center_img Pinterest Industrial action by school secretaries is set to go ahead on Friday in a row with the Department of Education over pay.A meeting between the Forsa union and department officials ended this morning without agreement.Forsa says most secretaries earn just 12,500 euro a year and have to sign on during school holidays.Secretaries at 1000 schools will stop work for an hour at the start of the school day, protests will also take place at around 250 schools. By News Highland – September 18, 2019 Pinterest Arranmore progress and potential flagged as population grows Homepage BannerNews Facebook RELATED ARTICLESMORE FROM AUTHOR DL Debate – 24/05/21 Journey home will be easier – Paul Hegarty last_img read more

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Lack of financial support impacting Kalinago Festival

first_img Share 222 Views   no discussions Share Sharing is caring! LocalNews Lack of financial support impacting Kalinago Festival by: Dominica Vibes News – July 31, 2015center_img Share Carib Chief, Charles WilliamsThe lack of financial support from government and the Ministry of Kalinago Affairs has been identified by Carib Chief, Charles Williams among reasons for rescheduling the first Indigenous Cultural Festival and cancellation of some planned activities. Chief Williams accused government and Kalinago Affairs Minister, Cassius Darroux of not being supportive of the Festival at a press briefing on Thursday 30 July 2015 at the Prevost Cinemall in Roseau.The Festival, which was initially scheduled for July has been rescheduled to 8-9 August 2015.Chief Williams claims that the Festival was developed by him and was used as his campaign message for re-election as chief.“When I got into office of Chief, I took it to the Council to endorse the program and from then on we started working on the program,” he explained. Chief Williams stated that as early as December 2014 a letter communicating the intention to host the Festival was sent to the Ministry Kalinago Affairs and inviting them to attend planning meetings. “The Minister did indicate that he was not receiving those messages, he did however participate in two of the meetings but the discussions that we had were not so encouraging,” Williams said.“So this is where we are, we cannot say that they are with us on the program, because they have not indicated their willingness to support the program,” he continued. Minister responsible for Kalinago Affairs, Casius DarrouxThe Chief noted however that Minister Darroux “said that he would support the program in words, but from a practical stand point we have not seen them come forward”.But Minister Darroux told Dominica Vibes on Friday 31 July 2015, the Ministry of Kalinago Affairs is in “full support” of a cultural festival for the Kalinago people but the Chief must be transparent.Minister Darroux informed that the Ministry was not part of the planning and was never informed about the Festival.“In fact, in the Kalinago Territory there is an events planning committee, Chief bypass the events planning committee and went and form another committee for the festival. He even went further opening up his own account so that monies can be deposited into an account which he has bypassed from the Kalinago Council’s account,” Mr Darroux indicated.Additionally, Mr Darroux said he had many concerns about how the monies collected for the festival would be spent as well as the safety of the persons participating in the Regatta. Mr Darroux said he advised Chief to write to the Minister of National Security asking for the Coast Guard to provide assistance for the Regatta and to the Minister of Finance regarding funding.“I told Chief I want to be part of the program but I am not going to be part of failure,” he said.He noted that the Chief is hosting an event of such magnitude with little planning and a budget that is larger than that of the World Creole Music Festival.“From the inception of this Festival Chief has been saying it is my festival, he personalized it to himself and those persons surrounding him and I am not prepared to facilitate anything to someone who is being selfish and dishonest to the Kalinago people,” Minister Darroux said. Tweetlast_img read more

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Arakawa, Hillman win FSAJ Awards

first_imgFigure skater Shizuka Arakawa, the women’s gold medalist at the 2006 Turin Olympics, and Hokkaido Nippon Ham Fighters manager Trey Hillman have been selected as the top Japanese and foreign sports figures for 2006 in voting by the Foreign Sportswriters Association of Japan.Arakawa, the 2004 world champion, took first place in balloting by members of the FSAJ in the Japanese category, outpolling World Baseball Classic MVP Daisuke Matsuzaka, who finished second, and soccer player Marcus Tulio Tanaka, who came in third, for the honor. GET THE BEST OF THE JAPAN TIMES IN FIVE EASY PIECES WITH TAKE 5center_img Hillman, who became just the second foreign-born manager ever to win the Japan Series, led the Fighters to the franchise’s first championship in 44 years last season and also piloted the club to victory in the Asia Series.He claimed the award in the foreign category over former Urawa Reds manager Guido Buchwald, who placed second, and sumo star Asashoryu, who was third.Figure skater Mao Asada and manager Bobby Valentine won the awards in 2005.The FSAJ honors one top foreign and Japanese sports figures, based on their performances in Japan or representing Japan, on an annual basis.This is the third year the awards have been handed out by the group, which is composed of foreign members of the sports media in Japan and Japanese sports media working at English-language media outlets. last_img read more

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Cavin: Saturday’s crash could cost Castroneves

first_imgParts fly off of A.J. Foyt EnterprisesÕ Jack Hawksworth (41) cart as the field of cars turns into turn one at the start of the the Angie's List Grand Prix of Indianapolis Saturday, May 9, afternoon at the Indianapolis Motor Speedway.Parts fly off of A.J. Foyt EnterprisesÕ Jack Hawksworth (41) cart as the field of cars turns into turn one at the start of the the Angie’s List Grand Prix of Indianapolis Saturday, May 9, afternoon at the Indianapolis Motor Speedway.Penalties could still come from Saturday’s first-lap IndyCar Series crash at Indianapolis Motor Speedway, and hold off saying it will be too little, too late.Scott Dixon might not feel better about his car getting turned around by Helio Castroneves in Turn 1 of the road course, and he surely will remain stuck in 10th place. But a decision by IndyCar could help Dixon win another series championship.It also could help Castroneves lose his first.IndyCar still reviewing Saturday’s first-lap crashPoints are precious in a series this competitive, particularly with a half-dozen title contenders, including Dixon and Castroneves, and any reduction likely will be felt when the parties gather for the season-ending event Aug. 28-30 at Sonoma (Calif.) Raceway.The past nine IndyCar championships have been decided at the season’s final race. Two drivers ended 2006 with the same number. Dario Franchitti won the ’10 title by just five points; Ryan Hunter-Reay won ’12 by three. The series is littered with close battles, with Castroneves involved in several of them.And remember, this year’s final race is worth twice the number of points.As of Monday — and that’s an important designation — the separation between Juan Pablo Montoya in first place and Castroneves in third is just 10 points.Any need to re-tabulate points won’t come until Wednesday because that’s when IndyCar announces post-race penalties, if necessary. Drivers punished for indiscretions in the Angie’s List Grand Prix of Indianapolis will learn their fate before the news breaks.But it seems something is coming. Because it should.Cavin: How was that not avoidable contact?First, a historical reminder: At the season-opening race in St. Petersburg, Fla., Charlie Kimball took a similar bump from Graham Rahal, and Rahal was called to pit road for a drive-through penalty. Instead of contending for the win, Rahal finished 11th.In this case, Dixon was the No. 2 qualifier and turning into the right-hander when rear contact came from Castroneves. Dixon spun, holding his breath as trailing cars darted and spun around him. How Jack Hawksworth stopped his car without hitting Dixon is a testament to the grip of the Firestone tires. But the incident was reminiscent of what happened in St. Pete, and it’s called avoidable contact.“Just like the Graham deal,” Tony Kanaan said Monday. “Only different ruling.”(In the interest of full disclosure, Kanaan is Dixon’s teammate. Similarly, Montoya is Castroneves’ teammate, and he thought Saturday’s incident was a non-story.)Said Montoya: “You put us on the longest straight you can think of, you put a first-gear corner at the end of it, what do you think is going to happen?”Weighing in from a neutral corner was Sebastien Bourdais, who said, “Just be consistent with these (rulings) so we know what’s allowed.”Saturday’s Dixon-Castroneves contact caused those behind them to adjust; some did correctly, some not so much. Before Hawksworth slid to a stop, he bounced off Luca Filippi and that activity caused James Hinchcliffe to bounce off Josef Newgarden, who hit Stefano Coletti. The accordion effect made a mess of Turn 1.Doyel: Is the Grand Prix cursed?How IndyCar sorts through the debris will set the paddock mood for this week’s Indianapolis 500 practice.Several drivers could still hear from IndyCar, including the handful who used the escape road to improve their position.IndyCar president Derrick Walker kept his words measured Monday, but it seems he’s on the verge of saying something about someone. Castroneves could be one of those someones.Follow Star reporter Curt Cavin on Twitter: @curtcavin.last_img read more

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