TSX Wall Street near breakeven as price of oil hovers around 50

TSX Wall Street near breakeven as price of oil hovers around 50


TORONTO — The Toronto stock market hovered between small gains and losses as the heavily weighted financials and energy sectors turned lower even as oil prices continue to hover near US$50 a barrel.At midafternoon, the S&P/TSX composite index was down 9.52 points at 13,969.14 after having soared more than 600 points in the week’s first four trading days, but still leaving Canada’s main market on track for its best week of the year.Most of the strength Friday came from the metals and mining and gold sectors, up more than three per cent apiece as base and precious metals prices continued to recover.Meanwhile the oil-sensitive loonie was up 0.39 of a U.S. cent at 77.21 cents US, its highest level in two months, amid general U.S. dollar weakness.On the commodity markets, the December gold contract was up $11.10 at US$1,155.40 an ounce, while December copper shot up seven cents to US$2.41 a pound. The November contract for benchmark oil edged down eight cents to US$49.35 a barrel, while November natural gas added a penny to US$2.51 per thousand cubic feet.In New York, markets were flat but still heading for their best week of the year. The Dow Jones industrial average was down 5.78 points at 17,044.97, while the broader S&P 500 gave back 2.63 points to 2,010.80 and the Nasdaq gained 10.83 points to 4,821.61.European and Asian markets also enjoyed a banner week, with Germany’s DAX up 5.7 per cent, France’s CAC-40 up 5.4 per cent and London’s FTSE up 4.7 per cent this week. In Asia, markets in Japan, China and Hong Kong were all up about four per cent on the week.In corporate news, shares in commodities group Glencore closed up seven per cent in London after the company said it was slashing its zinc production by a third and cutting jobs in response to a sharp fall in the price of the metal.Airline stocks were among the biggest gainers on the S&P 500 after the companies said their flights flew nearly full last month. United Continental stock rose six per cent, American Airlines shares advanced 5.5 per cent and JetBlue Airways and Southwest Airlines were both up four per cent.In economic news, Statistics Canada reported the economy added 12,000 jobs in September, but that the unemployment rate still edged up a tenth of a percentage point to 7.1 per cent, its highest level since February 2014, as more people entered the labour force.And the Bank of Canada said in its business outlook survey that forward-looking indicators of business activity have improved, supported by a generally positive outlook for the U.S. economy and the low loonie.However, business sentiment remains tepid as persistent weakness in commodity prices continue to work their way through the economy, dampening the outlook for firms tied to the resource sector.


Lae to savour big grand final day

first_imgPresident Alex Toki says this grand final will be one of the biggest in the history of soccer in the LFA and will feature all the 11 division teams, both women and men’s.Toki says the grand final day will feature under 17, Under 20, Under 20 Reserves grade both men’s and women’s , 1st Division men’s, A League and Premiers.Toki says two fields will be used and before the main grand final there will be a curtain raiser game between Lae Masters and Wau Masters, both team’s players comprise old Morobe soccer players plus the grand final of Meri Futbol in junior women’s  program.Toki said in under 17 women’s,  Bara will take on 12A Pascols while in Men’s Balob will go up against Zilu Scientific West. In under 20 women’s 8 Mile Pukpuks will challenge Malabu  while Men’s will see Ahi taking on ADCO and Balob up against Malabu in under 20 division two.Another grand final match in the under 20 reserve division two will see City United challenging Blue Kumuls while in other reserves men’s,  Poro will challenge Trobriand Island.The main game in the afternoon will be between Wantoks and Lae Biscuit Poro  in women’s A League division while B League men’s  will feature Eriku wawens testing  Chakalua and will end with Premier League division grand final between City United taking on Lae Biscuit Poro.Toki said that the games will feature new and upcoming NSL players and urged NSL team selectors to make their way to Lae and watch the game.last_img

Cup and Plate teams confirmed for Amaiu 7s Cup

first_imgIn the plate grand final, Brothers (1) will go up against North East.Brothers thrashed Nova 38-14 in the semi-final while North East were too strong for Wanderers  (1),  winning 28-0.In the Cup grand final, the University Piggies will play the Harlequins.Piggies edged out Baike Brothers 22-21.In the second Cup grand final, Harlequins romped home to victory over Defence 22-19.last_img

Muruks to get back to basics

first_img“We’re just lacking getting the basics right at the moment. We’re not completing our sets of six, our ball control is poor and so is our defence.“The Gurias capitalized on this and beat this. They were the better side yesterday afternoon. “This week at training will be about getting back to the basics and making sure we do the simple things right,” said Kereme.He added that there will definitely be changes made for this Sunday’s round 4 clash against the TNA Simbu Lions at home in Mendi.The Muruks have lost two games this season and are sitting second last on the ladder with 1 competition point.This came from a 16-16 draw with the Wamp Nga Mt.Hagen Eagles in round two.last_img

NRL steps up its Voice Against Violence

first_imgOn the eve of Representative Round, representative players from Australia, New Zealand, City, Country and Pacific teams gathered at Rugby League Central in a combined show of support and to reaffirm efforts to end domestic violence.Representative players included Corey Parker (Kangaroos), Ruan Sims (Jillaroos), Sarina Fiso (Ferns), James Maloney (Country), Wade Graham (City), Peni Terepo (Tonga), Stanton Albert (PNG) and Eloni Vunakece (Fiji).The NRL has worked alongside domestic violence partners Our Watch, White Ribbon and Rape and Domestic Violence Services Australia to develop additional resources and education tools in the fight against domestic violence, with a new commercial, website and education sessions announced today.Ambassador Alan Tongue will lead a group of NRL ambassadors in visiting communities throughout regional and rural Australia, helping to educate young men in particular on the importance of standing up, speaking out and taking action against domestic violence.”Our strong stance against this terrible issue is one of the most important messages that we can impart on communities and as a game, we will continue to do everything we can to prevent domestic violence,” Mr Tongue said.”We have a responsibility to our Rugby League players, their families and our communities at large to ensure they receive the education, support and resources available to make informed decisions and ultimately, make positive and consistent behaviour choices.”Kangaroos player Matt Scott will join Kangaroos coach Mal Meninga in a new commercial that highlights the need to communicate and speak out against domestic violence before it is too late.And a new website has been created, providing testimonials and interviews with former and current rugby league players, together with support options and advice from the NRL’s domestic violence partners.The NRL has received funding from ‘Our Watch’ (an independent, not for profit organisation aimed at eradicating domestic violence) to continue to reach existing and new communities and educate communities that violence of any kind is not okay.CEO Mary Barry congratulated the NRL on its continued stand against domestic violence and additional resources announced.”This isn’t a sporting issue or a rugby league issue, however sport has the opportunity to play an important role in preventing violence against women and their children,” said Ms Barry.”Sporting clubs and organisations bring together large numbers of people and are a ready-made environment to promote women’s participation and opportunities to eliminate gender-based discrimination, disrespect for women and violence-supportive attitudes.”It is pleasing that this is what the NRL is doing and the code should be commended for providing ongoing awareness towards ending discrimination and violence against women.”The NRLs domestic violence commercial will air for the first time during the upcoming Downer Test Match on Friday 6 May and education resources can be viewed online. Key messages:• One in three women in Australia have experienced physical violence.  This is unacceptable.• The NRL, together with players, Clubs, States, Pacific neighbours and communities, wants to continue to be a catalyst for change and contribute directly to the long-term prevention of domestic violence.• The game is strengthening its ongoing work and resolve to stand up, speak out and take action against domestic violence – forming a coalition alongside domestic violence experts, to change the behaviours, attitudes and actions of those in our communities that think domestic violence is ok.• The NRL has received funding from ‘Our Watch’ (a Federal Government department aimed at eradicating domestic violence) to continue to reach existing and new communities and educate young males in particular, that violence of any kind is not ok.• Voice Against Violence includes a Grassroots program for 16 – 18 year olds, a new commercial and website, aimed at decreasing and ultimately, ending domestic violence.last_img

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