TSX slips on lower commodity prices; U.S. retail sales power advance in New York TORONTO – The Toronto stock market turned lower Thursday amid falling commodity prices and a warning by the Bank of Canada about ongoing risks to the economy as a result of low oil prices and high debt levels.The S&P/TSX composite index closed down 58.16 points at 14,830.88, while the loonie retreated 0.08 of a U.S. cent to 81.47 cents.On the commodity markets, the July crude contract closed down 66 cents at US$60.77 a barrel, while the August gold contract fell $6.20 to US$1,180.40 an ounce.American markets were modestly higher after major gains Wednesday that saw the widely watched Dow Jones industrial average shoot up more than 230 points.Enthusiasm in New York was helped by a report from the U.S. Commerce Department showing shoppers returned to stores in a big way in May, with retail sales rising a seasonally adjusted 1.2 per cent last month after a 0.2 per cent gain in April.The Dow added 38.97 points to 18,039.37, while the Nasdaq advanced 5.82 points to 5,082.51 and the S&P 500 gained 3.66 points to 2,108.86.“I think the main data point for the day globally was basically U.S. consumer sales, retail sales,” said Patrick Blais, senior portfolio manager at Manulife Asset Management.Although many economists pointed to the breadth of uptick in consumer spending, Blais said he felt it was just the fact that the overall gain came in line with expectations.“I think there has been a lot of confusion in the marketplace where the U.S. economy stood,” as a result of the weak start to the year, he said.Now, with retail sales added to last week’s strong employment numbers, it’s giving investors confidence. “The assumption that the U.S. economy can continue to gain traction is coming back to the forefront,” Blais said.That has some economists predicting U.S. gross domestic product will come in better than expected in the April-June quarter.“I think the estimates are sort of in the mid-twos,” Blais said.In Ottawa, the Bank of Canada said in its latest financial system review that the oil slump on its own is unlikely to set off considerable systemic stress and that the probability of a severe recession remains low.But it warned that the weakness caused by cheaper crude has put the Canadian system more at risk to any event that would lead to widespread job losses and falling incomes. Part of the risk to the system is historically high debt levels in Canada.Blais said the warning came as no surprise, adding that the central bank wants to see “some normalization when it comes to credit formation, housing prices, borrowing trends.”“I don’t think there is any need to panic but I do think the Bank of Canada is using messaging to encourage some normalization within balance sheets as well as asset levels. The last thing they want to do is actually have to use interest rates or other measures to try to contain the risks.” by Brian McKenna, The Canadian Press Posted Jun 11, 2015 7:13 am MDT Last Updated Jun 11, 2015 at 4:50 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email

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first_img Cuba and its Decree Law 370: annihilating freedom of expression on the Internet October 12, 2018 Find out more News A Paris court today banned Reporters Without Borders and the French advertising agency Rampazzo from using a world-famous photo of Cuban guerrilla leader Ernesto “Che” Guevara wearing a beret with a red star on it. The organisation warned that if it did not lodge an appeal, it would find new ways to publicise the plight of the 30 journalists currently imprisoned in Cuba and try to win their release. RSF and Fundamedios welcome US asylum ruling in favor of Cuban journalist Serafin Moran Santiago Organisation A Paris court today banned Reporters Without Borders and the French advertising agency Rampazzo from using a world-famous photo of Cuban guerrilla leader Ernesto “Che” Guevara wearing a beret with a red star on it. The ban was at the request of Diane Diaz Lopez, daughter and heir of the late Cuban photographer Alberto Diaz Gutierrez, known as Korda, who took the picture. “We deplore this court decision, which plays into the hands of the Cuban authorities,” said the organisation’s secretary-general, Robert Ménard. “We especially regret that the complaint against us, which concerns the principle of the right to use photos, did not include discussion of the broader issue of the appalling state of press freedom and human rights in Cuba.” The grounds for the ban would be examined before a decision to appeal was made.He said the organisation would obey the ban and suspend a planned 8-22 July poster campaign using the photo. But he he warned that if it did not lodge an appeal, it would find new ways to publicise the plight of the 30 journalists currently imprisoned in Cuba and try to win their release.The judge who issued the ban set a fine of 200 euros for every time it was infringed and said the photo must be removed from the Reporters Without Borders website. The organisation was ordered to pay 1,000 euros in damages to the plaintiff as well as 1,000 euros in costs. However the judge refused Mrs Diaz Lopez’ request for the verdict to be published at Reporters Without Borders’ expense in five French national daily papers and on its website.The lawsuit had sought to “stop publication, distribution and sale” of the photo which was to have been used in a poster campaign about lack of press freedom in Cuba aimed at the 120,000 or so French people who each year go on holiday to Cuba, drawn by the sun, the beaches or the legend of the Cuban Revolution. The planned campaign poster showed Guevara’s face superimposed on a famous image of a policeman brandishing a truncheon and a shield that became famous in the 1968 student uprising in France. The caption said: “Welcome to Cuba, the world’s biggest prison for journalists.”Behind the ideology of the Cuban revolution, which still inspires many tourists, is the reality of a totalitarian regime which uses the image of “Che” in an effort to legitimise repression. The poster also shows how a revolution that inspired a entire generation in the 1960s has now turned into what that generation most detested – a police state. Mrs Diaz Lopez said Reporters Without Borders could not “plead press freedom to distort Korda’s work for their political and advertising purposes.” Korda’s photograph of Che in Havana in 1960 “represented and still represents a symbol of struggle and the future for the Cuban people,” she said. The Cuban government launched a nationwide crackdown on 18 March in which 75 dissidents were rounded up and sentenced to prison terms of up to 28 years each for “undermining the unity and sovereignty of the state” or its “independence.” They included 26 independent journalists who joined four others already in jail. Cuba thus became the world’s biggest prison for journalists. The heavy punishment of these journalists who have challenged the state’s monopoly of information has been extended by sending them to prisons hundreds of miles from their homes, restricting visits from their families and keeping them in bad conditions of detention. CubaAmericas RSF_en to go further Follow the news on Cuba CubaAmericas New press freedom predators elected to UN Human Rights Council October 15, 2020 Find out more May 6, 2020 Find out more News July 9, 2003 – Updated on January 20, 2016 French court bans Reporters Without Borders from using photo of dead Cuban leader “Che” Guevara News Receive email alerts Help by sharing this information Newslast_img

first_imgVanishing Ireland podcast documenting interviews with people over 70’s, looking for volunteers to share their stories  by Kathy [email protected] up for the weekly Limerick Post newsletter Sign Up LIMERICK TD Niall Collins is calling on Justice Minister Frances Fitzgerald to come to Limerick to speak with frontline gardaí and business and community groups about their fears of gangland violence returning to the city.The Fianna Fáil Justice Spokesperson revealed that there is growing concern in Limerick’s business and tourism sectors about how the city’s image could be affected by the recent shooting of Christy Keane in the University of Limerick.He told the Limerick Post: “I’ve been contacted by people involved in business, hospitality and tourism in Limerick and they are very concerned about the image of Limerick.“The Limerick brand has recovered strongly from the height of the gangland activity, and they are worried that the city’s image will slip back if that activity was to return.”Deputy Collins said he has also spoken to gardaí who say that garda resources across the county have suffered as so many members of the force have been deployed to investigate the Keane shooting.“The official line coming from An Garda Siochána is that they have enough resources to deal with this, but the facts are different. We lost over 100 gardaí in Limerick in the last three years, that’s a big drop.“Unfortunately, response times have been affected. A lot of gardaí have been sucked into the investigation into the Christy Keane shooting, and that has affected other parts of county Limerick. It’s been said to me that gardaí have been pulled from various parts of the county,” he explained.Deputy Collins added: “Looking at Limerick’s former gangland experience in the early noughties, the government put in strong legislation and resources, but now unfortunately the resource side is not there.”Meanwhile, gang boss Christy Keane has been transferred to Cork University Hospital, where he remains under armed garda protection.A man and a woman who were arrested in connection with the shooting, which took place on Monday June 29, have been released without charge. Linkedin TAGSchristy keaneDeputy Niall CollinsJustice Minister Frances Fitzgeraldlimerick Facebook Limerick Artist ‘Willzee’ releases new Music Video – “A Dream of Peace” Limerick’s National Camogie League double header to be streamed live Previous article80% increase in patients on trolleysNext articlePlan has potential to make Cork link a reality John Keoghhttp://www.limerickpost.ie Print WhatsAppcenter_img Twitter RELATED ARTICLESMORE FROM AUTHOR WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads NewsAction needed on gang violenceBy John Keogh – July 9, 2015 646 Limerick Ladies National Football League opener to be streamed live Email Advertisement Predictions on the future of learning discussed at Limerick Lifelong Learning Festival last_img

first_imgLocal News WhatsApp By Odessa American – April 18, 2021 Twitter Pinterest Twitter Facebook Cornhole tournament and fundraiser Pinterest Facebook WhatsApp Casa de Amigos and Tall-City Baggers have scheduled Casa de Cornholio, a cornhole tournament, and fundraiser from 9 a.m. to 4 p.m. May 1.All ages are welcome.Cost is $50 per person or $100 per team. Double elimination open doubles tournament.Even sponsorships are available. Volunteers are also needed for the event.Registration deadline is April 29.To register, visit https://app.scoreholio.com/link/ebTK.To volunteer or for more information, call 432-682-9701 or email [email protected] Previous articleFundraiser dinnerNext articleLETTER TO THE EDITOR: Rhodes is good choice Odessa Americanlast_img

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