Economy

South Korea Eyes Rich Nation Status as Economy Holds Up – Yahoo Canada Finance

Published

4 years ago

January 24, 2021

The Canadian Press

Ty Smith extends points streak to 5, Devils beat Islanders

NEWARK, N.J. — Ty Smith set up two first-period goals to become the sixth NHL rookie defenceman to get points in his first five games, leading the New Jersey Devils to an 2-0 victory over the New York Islanders on Sunday night. Scott Wedgewood, who spent last season in the AHL, made 28 saves for his first NHL shutout since blanking the Devils in December 2017 for Arizona. The win was his first in an NHL game since February 2018. Jack Hughes and Pavel Zajac scored two minutes apart late in the opening period as the Devils split their home-and-home series with the Islanders. Wedgewood, who signed with the Devils as a free agent in the off-season, has started the last two games for New Jersey. No. 1 goalie Mackenzie Blackwood was placed on the COVID-19 list on Thursday, hours before the Islanders posted a 4-1 win over the Devils. Wedgewood was at his best in the first period when he made six saves on the Islanders first power play. Rookie Ilya Sorokin made 22 saves in his second career game. He started against the Rangers and the Islanders also were shut out. Hughes, who had seven goals last season after being picked first overall in the 2019 draft, got his third of the season with a power-play goal from the left circle at 17:00. Smith had the primary assist on a play Islanders penalty-killer Cal Clutterbuck broke his stick. Zacha doubled the margin two minutes later, putting in the rebound of a Nikita Gusev shot past Sorokin. Smith had the second assist. The last rookie defenceman to score in five straight games to start his career was Cale Makar of Colorado in 2019. SPECIAL TEAMS The Devils came into the game struggling on the power play and penalty kill. They were 1 of 11 with the extra man in their first four games and were 1 of 2 against the Islanders. After giving up six goals in 16 short-handed situations, New Jersey was perfect on two kills. MOVES: Islanders left wing Michael Dal Colle played after missing the first four games with an injury. The Devils recalled forward Nick Merkley from the taxi squad and loaned forward Jesper Boqvist to the taxi squad. Merkley played on a line with Gusev and Zacha. He was on the ice for the Zacha goal. INJURY Islanders forward Anthony Beauvillier left the ice in the second period and played only 7:16. UP NEXT Islanders: Visit the Washington Capitals on Tuesday night. Devils: Host the Philadelphia Flyers on Tuesday night. ___ More AP NHL: https://apnews.com/NHL and https://twitter.com/AP_Sports The Associated Press

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Economy

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

Published

16 hours ago

September 13, 2024

Anne Joseph

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)

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Economy

Statistics Canada reports wholesale sales higher in July

Published

23 hours ago

September 13, 2024

Anne Joseph

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.

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Economy

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

Published

2 days ago

September 12, 2024

Anne Joseph

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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