Canada Stocks-banks, Industrials Boost Tsx As Focus Stays On Fed

The bounceback implies activity is on a stronger path than what was implied by the June data alone. Growth will expand 0.7 percent in July and an annualized 3.4 percent pace in the third quarter, Janzen predicts. Todays data is the last major release before Julys economic growth report on Sept. 30, and indicates GDP expanded 0.5 percent that month, Robert Kavcic , senior economist in Toronto at Bank of Montreal, said in a note to clients. Tipping Point The median forecast in a Bloomberg News survey of 22 economists was for a 0.5 percent gain in retail sales. From a year earlier, sales were up 3.0 percent. Canadas economy has been relying on consumers to drive growth, as the nation waits for faster global demand to fuel exports and business investment. Bank of Canada Governor Stephen Poloz said last week growing confidence about global demand has brought the economy to a tipping point. Sales in July were led by a 3.2 percent increase at gasoline stations. Clothing and accessory stores posted a 1.9 percent gain and home furnishing retailers boosted receipts by 1.6 percent. Sales rose in eight of 11 categories making up 52 percent of total receipts. Motor vehicle and parts sales fell for the first time in seven months, posting a 0.6 percent drop in July. Purchases excluding the motor vehicle and parts category rose 1.0 percent.

Canada keen on boosting energy exports to Japan

Among the data, a private sector report said U.S. consumer confidence slipped in September as consumers’ outlook on the future darkened a little, while U.S. home prices slowed their rate of gains in July. But German business morale improved slightly to its highest level in 17 months in September, suggesting Europe’s largest economy is staging a firm recovery. The financial sector had the biggest positive influence on the index. The group is up 11 percent this year, compared with the benchmark index’s 3 percent gain. “Banks are leading the charge,” said Allan Small, senior investment advisor at Dundee Wealth, adding the banking sector is “a very good growth and income play”. “A lot of people are flocking to it,” he added. “If the banks continue to do what they are doing, they make up enough of our market to power the TSX.” The Toronto Stock Exchange’s S&P/TSX composite index closed up 37.71 points, or 0.29 percent, at 12,848.89. Nine of the 10 main sectors on the index were higher. Financials, the index’s most heavily weighted sector, rose 0.4 percent. In the group, Toronto-Dominion Bank gained 0.7 percent to C$92.03 and played the biggest role of any single stock in leading the index higher. Royal Bank of Canada added 0.4 percent to C$66.55. The industrials group climbed 0.6 percent.

Leaders to discuss Japan importing Canada gas: reports

(AFP Photo/Chris Wattie) Michel Comte 6 hours ago OTTAWA (AFP) – Canada should boost energy exports to Japan as the resource-poor Asian country looks to diversify its fuel sources, their prime ministers said Tuesday. They spoke after meeting with Canadian business leaders. There are lots of areas for growth in Canadian-Japanese trade and investment ties but “one that came up most frequently is obviously energy,” Canadian Prime Minister Stephen Harper said. “Canada has considerable natural gas and it is the only country in the world that is a stable market-oriented producer of energy whose energy industry is also growing,” he said. “And Japan is the largest importer of energy in the world.” Harper spoke at a joint press conference with his Japanese counterpart Shinzo Abe, who was in Ottawa at the start of a five-day trip to North America. Japan’s national broadcaster earlier said Tokyo would consider giving assistance in the construction of pipelines and infrastructure to encourage the early export of liquefied natural gas (LNG) to Japan. Those exports are likely to start around 2020, according to Kyodo News, while the Nikkei newspaper said they might begin in late 2018. Japan, the world’s third largest economy, is the world’s biggest LNG consumer. But it pays a higher price for LNG than that charged in Europe and North America because Asian contracts are often long-term and linked to oil prices. The trend has remained despite increasing global production of LNG, particularly in light of the US shale gas revolution, Japanese officials have said. Hefty prices for LNG have hit Japanese utilities, which are now entirely without working atomic reactors because of a public backlash in the aftermath of the 2011 disaster at the Fukushima nuclear plant. LNG-powered thermal plants used to provide about a third of Japan’s electricity before the tsunami-sparked crisis. They now account for about a half. A gas trade deal with Canada would follow an earlier agreement by the United States to ship shale gas to Japan from around 2017. In Ottawa, Abe affirmed that Japan is looking to “secure a stable supply of LNG at competitive prices” and said Canada’s energy supplies and Japan’s energy demands are “mutually complimentary.” But no firm energy deal was announced.

More Team Canada leaks: recoil in horror at the black third jersey (Photo)

Japanese Prime Minister Shinzo Abe, who is in Ottawa at the start of a five-day trip to North America, was set to meet Canadian Prime Minister Stephen Harper later in the day. The two men will discuss Tokyo’s giving assistance in the construction of pipelines and infrastructure to encourage the early export of liquefied natural gas (LNG) to Japan, national broadcaster NHK said. Those exports were likely to start around 2020, according to Kyodo News, while the Nikkei newspaper said they might begin in late 2018. Japan, the world’s third largest economy, is the world’s biggest LNG consumer, but pays a higher price for LNG than that charged in Europe and North America because Asian contracts are often long-term and linked to oil prices. The trend has remained despite increasing global production of LNG, particularly in light of the US shale gas revolution, Japanese officials have said. Hefty prices for LNG have hit Japanese utilities, which are now entirely without working atomic reactors because of a public backlash in the aftermath of the 2011 disaster at the Fukushima nuclear plant. LNG-powered thermal plants used to provide about a third of Japan’s electricity before the tsunami-sparked crisis. They now account for about a half. A gas trade deal with Canada would follow an earlier agreement by the United States to ship shale gas to Japan from around 2017. Abe and Harper were also expected to discuss the trans-Pacific Partnership (TPP) free trade deal, as well as the violence in Syria.

It wasn’t perfect, of course, but it didn’t make me want to vomit in terror. The black third jersey, however, absolutely does. Via Reddit Hockey , this is the worst thing I’ve seen this week, and I watched the Dexter finale: View gallery . What. The Hell. Is that. According to the Redditor that uploaded the photo , these three jerseys just came into his store, so it seems safe to assume — just as it seemed safe when we saw a dour Jonathan Toews wearing the one on the left — that these are the official duds Canada will be sporting. And thus, I am filled with a great shame for our home and native land. The red one is still the best, and I think even those that hated it from the outset can agree that it looks better when juxtaposed with that monstrosity on the other side of the white one. Holy Lord. I was originally glad that the red jersey had no black. It was great to see the teams getting away from the unnecessary inclusion of black that plagued hockey jerseys in the 90s. But as it turns out, they were just saving the black for the worst jersey they could possibly make. What is that? It looks like a cigarette carton.