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Biden hits Trump on economy in critical Pennsylvania county – 570 News

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ERIE, Pa. — With the backdrop of a union facility in a key battleground county of Pennsylvania, Joe Biden on Saturday blistered President Donald Trump as only pretending to care about the working-class voters who helped flip the Rust Belt to the Republican column four years ago.

“Anyone who actually does an honest day’s work sees him and his promises for what they are,” Biden told a masked, socially distanced crowd at a training facility for plumbers and other tradespeople.

The Democratic challenger has hammered Trump on the economy in recent weeks, from sweeping indictments of how the president has downplayed the novel coronavirus and its economic fallout to a withering personal contrast between Biden’s middle-class upbringing with that of the multimillionaire’s son and self-proclaimed billionaire.

Nowhere could Biden’s arguments prove more decisive than in Erie County. Long a Democratic bastion, it was among the most populous counties in the nation to flip from the Democratic column to Republicans in 2016.

Trump outpaced Democrat Hillary Clinton by almost 12,000 votes, four years after President Barack Obama led Republican Mitt Romney by 19,000 votes. That accounted for a net 31,000-vote swing in a state that Trump won by about 44,000 votes. Trump was the first Republican presidential nominee to carry Erie since President Ronald Reagan’s landslide reelection in 1984 and the first GOP standard-bearer to win Pennsylvania since George Bush’s election in 1998.

Erie County rebounded strongly to Democrats in the 2018 midterms.

“The president can only see the world from Park Avenue. I see it from Scranton and Claymont. Y’all see it from Erie,” Biden told union officers and members, referring to his childhood hometowns in Pennsylvania and Delaware.

He lamented “the most unequal recovery in American history” since COVID-19 ground the economy to a halt in the spring. The investor class and top wage earners are fine, Biden said, “but what did the bottom half get?”

The former vice-president and his aides believe it’s critical for voters to connect the pandemic to the economy. A Pew Research poll conducted from Sept. 30 through Oct. 5 found Biden with a wide advantage when voters were asked who they trusted to handle coronavirus. Biden topped Trump on the question 57% to 40%. Yet Trump held a 52% to 51% edge as voters’ choice to “make good decisions about economic policy.”

Biden used the stop at the training facility to show off his knowledge of apprentice programs and underscored the role that tradespeople play in the larger economy.

“If every investment banker in New York went on strike, nothing would much change in America,” Biden said, “but if every plumber decided to stop working, every electrician, the country would come to a halt.”

Biden delivered the first speech of his campaign at a Pittsburgh union hall in April 2019, and he’s since piled up a long list of union endorsements. The president’s reelection campaign is looking for a repeat of 2016, when Clinton won many of the same union endorsements but large swaths of rank-and-file members split from their leadership to back Trump.

The president and his GOP allies have pushed paid media and social media messaging arguing that Biden’s tax and energy policies would cripple industrial state economies, especially energy-producing states like Pennsylvania. Trump has repeatedly stated, falsely, that Biden will outlaw fracking as a means to extract natural gas. Biden has proposed only barring new leases on federal land, a fraction of U.S. fracking operations.

“No matter how many lies he tells, I am not, not, not banning fracking,” Biden said. “Period.”

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Associated Press writer Marc Levy in Harrisburg, Pennsylvania, contributed to this report.

Bill Barrow, The Associated Press

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S&P/TSX composite gains almost 100 points, U.S. stock markets also higher

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TORONTO – Strength in the base metal and technology sectors helped Canada’s main stock index gain almost 100 points on Friday, while U.S. stock markets also climbed higher.

The S&P/TSX composite index closed up 93.51 points at 23,568.65.

In New York, the Dow Jones industrial average was up 297.01 points at 41,393.78. The S&P 500 index was up 30.26 points at 5,626.02, while the Nasdaq composite was up 114.30 points at 17,683.98.

The Canadian dollar traded for 73.61 cents US compared with 73.58 cents US on Thursday.

The October crude oil contract was down 32 cents at US$68.65 per barrel and the October natural gas contract was down five cents at US$2.31 per mmBTU.

The December gold contract was up US$30.10 at US$2,610.70 an ounce and the December copper contract was up four cents US$4.24 a pound.

This report by The Canadian Press was first published Sept. 13, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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Statistics Canada reports wholesale sales higher in July

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OTTAWA – Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, rose 0.4 per cent to $82.7 billion in July.

The increase came as sales in the miscellaneous subsector gained three per cent to reach $10.5 billion in July, helped by strength in the agriculture supplies industry group, which rose 9.2 per cent.

The food, beverage and tobacco subsector added 1.7 per cent to total $15 billion in July.

The personal and household goods subsector fell 2.5 per cent to $12.1 billion.

In volume terms, overall wholesale sales rose 0.5 per cent in July.

Statistics Canada started including oilseed and grain as well as the petroleum and petroleum products subsector as part of wholesale trade last year, but is excluding the data from monthly analysis until there is enough historical data.

This report by The Canadian Press was first published Sept. 13, 2024.

The Canadian Press. All rights reserved.

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S&P/TSX composite up more than 150 points, U.S. stock markets mixed

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TORONTO – Canada’s main stock index was up more than 150 points in late-morning trading, helped by strength in the base metal and energy sectors, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 172.18 points at 23,383.35.

In New York, the Dow Jones industrial average was down 34.99 points at 40,826.72. The S&P 500 index was up 10.56 points at 5,564.69, while the Nasdaq composite was up 74.84 points at 17,470.37.

The Canadian dollar traded for 73.55 cents US compared with 73.59 cents US on Wednesday.

The October crude oil contract was up $2.00 at US$69.31 per barrel and the October natural gas contract was up five cents at US$2.32 per mmBTU.

The December gold contract was up US$40.00 at US$2,582.40 an ounce and the December copper contract was up six cents at US$4.20 a pound.

This report by The Canadian Press was first published Sept. 12, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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