CANADA STOCKS-TSX may open higher after data cools Fed fears
(Photo credit should read KAREN BLEIER/AFP/Getty Images) From Getty: A demonstrator waves signs in Lafayette Park across from the White House in Washington, DC November 6, 2011. Thousands of people are descending on the White House to join hands with one another and stand up to the Keystone XL pipeline. From Getty: A demonstrator dressed as an oil soaked bird in Lafayette Park across from the White House in Washington, DC November 6, 2011. Thousands of people are descending on the White House to join hands with one another and stand up to the Keystone XL pipeline. From Getty: Demonstrators listen to speakers in Lafayette Park across from the White House in Washington, DC November 6, 2011. Thousands of people are descending on the White House to join hands with one another and stand up to the Keystone XL pipeline. From Getty: A demonstrator holds signs in front of the White House in Washington, DC November 6, 2011. Thousands of people are descending on the White House to join hands with one another and stand up to the Keystone XL pipeline. From Getty: A demonstrator holds a magazine open to an article concerning tanker routes for the proposed Keystone XL Pipeline in front of the White House in Washington, DC November 6, 2011. Thousands of people are descending on the White House to join hands with one another and stand up to the Keystone XL pipeline. From Getty: Children demonstrate in front of the White House in Washington, DC November 6, 2011. Thousands of people are descending on the White House to join hands with one another and stand up to the Keystone XL pipeline. AFP PHOTO / Karen BLEIER From Getty: Demonstrators hold up a banner in front of the White House in Washington, DC November 6, 2011.
However, Harper said a significant amount of work and political compromise is still needed on a handful of key issues before Canada and the European Union complete a trade deal. aBased on the meeting we had today, and some recent discussions, we still have some very significant gaps that have not been bridged, and that is the reality of the situation,a Harper told reporters at the conclusion of the summit. The Canada-EU Comprehensive Economic and Trade Agreement (CETA) would be the biggest trade deal in Canadian history, but Harper said it must be done in a way that serves the interests of the provinces and the broader Canadian economy. aWe are not there as of now,a he said. The schism between the two sides on some major issues could be problematic for the Harper government, as the European Union turns its attention to negotiating a free-trade deal with the United States. The EU and U.S. launched their trade talks over the summer. Canada and the EU have seemingly been deadlocked on a couple of key issues in recent months, including Canadian beef access into Europe, government procurement on urban transit in Canada, and financial services and investment protection. The European Union delegation in Canada said Friday that Harper and Barroso had a constructive meeting and that aThere is further approximation of positions,a with both sides planning to remain in contact in the coming weeks with aa view to conclude negotiations.a Recently leaked documents indicated Canadian negotiators agreed to increase to $1.5 billion the threshold for reviewing foreign acquisitions of Canadian firms by European companies. All EU takeovers under $1.5 billion would not be subject to review under the Investment Canada Act to determine whether theyare of anet benefita to Canada, said the documents. The federal governmentas budget bill, passed in the House of Commons in the spring, increases the threshold for a review of foreign acquisitions from the current $344 million to $1 billion over the next four years.
Markets closed Air Canada Reports Record August Load Factor Press Release: Air Canada Thu, Sep 5, 2013 4:00 PM EDT 3.03 +0.1000 MONTREAL, Sept. 5, 2013 /CNW Telbec/ – For the month of August, Air Canada reported a record system load factor of 89.5 per cent, versus 87.9 per cent in August 2012, an increase of 1.6 percentage points. System traffic increased 4.7 per cent on a system-wide capacity increase of2.9 per cent. Air Canada reports trafficresults on asystem-widebasis, including Air Canada rouge, which began operations on July 1, 2013, and regional airlinesfrom which Air Canada purchases capacity. “I am pleased to report a record load factor of 89.5 per cent for the month of August,” said Calin Rovinescu, President and Chief Executive Officer. “The increase in our load factor by 1.6 percentage points over the prior year underscores the effectiveness of our capacity management strategy. System wide, traffic grew 4.7 per cent, led by the Pacific, Atlantic and domestic Canada markets. This is the eighth consecutive month Air Canada has set new records system-wide for passengers boarded, and on August 15 we achieved a new single day record of 127,100 customers. During the month, we successfully completed the transfer of all 15 Embraer 175 aircraft to Sky Regional, our Air Canada Express partner, an important step in Air Canada’s regional diversification strategy and our ongoing cost transformation program. I thank our employees for maintaining their focus on our operational performance which continues to show year-over-year improvements, while taking care of our customers and transporting them safely to their destination during this peak travel season.” +0.8 pts * Australia has been reclassified to “Pacific” from “Latin America & Caribbean”. Air Canada is Canada’s largest domestic and international airline serving more than 175 destinations on five continents. Canada’s flag carrier is among the 20 largest airlines in the world and in 2012 served close to 35 million customers. Air Canada provides scheduled passenger service directly to 60 Canadian cities, 49 destinations in the United States and 67 cities in Europe, the Middle East, Asia, Australia, the Caribbean, Mexico and South America.
Canada’s The Shopping Channel Rebrands Amid Digital Makeover
data showed job growth was less than expected in August, which could delay the Federal Reserve scaling back its massive monetary stimulus later this month. Separately, Canada’s economy churned out a surprising 59,200 jobs in August, according to Statistics Canada estimates released on Friday, with most of the gains in part-time work and led by the health care and social assistance sector. TOP STORIES * U.S. President Barack Obama faced growing pressure from Russia’s Vladimir Putin and other world leaders on Thursday to decide against launching military strikes in Syria, which many of them fear would hurt the global economy and push up oil prices. * German exports fell unexpectedly in July but imports rose, underscoring that the domestic economy will be key for growth in Germany this year as a weak global environment makes selling goods abroad hard. * Ford Motor Co Chief Executive Alan Mulally, credited with driving a culture change that helped save the No. 2 U.S. automaker, may step down sooner than planned, according to people with knowledge of the matter. * Japan’s biggest mobile carrier NTT DoCoMo Inc is expected to start selling iPhones as soon as autumn, helping Apple Inc extend its reach in a country where it has more than three times the market share of rival Samsung Electronics Co Ltd. MARKET SNAPSHOT * Canada stock futures traded higher * U.S. stock futures , , rose * Thomson Reuters-Jefferies CRB Index : 292.3503; rose 0.37 percent * Gold futures were higher * US crude : $109.06; rose 0.64 percent * Brent crude : $115.81; rose 0.48 percent * LME 3-month copper : $7,196.25; rose 1.24 percent CANADIAN STOCKS TO WATCH * Agrium Inc : Canadian regulators have approved Glencore Xstrata PLC’s sale of some Viterra farm retail stores to the fertilizer company in a deal that will make Agrium the dominant farm retailer in Canada. ANALYSTS’ RECOMMENDATIONS Following is a summary of research actions on Canadian companies reported by Reuters.
Canada: A suburban nation
The decision by TSC parent Rogers Media to hire Goldsmith also followed his online retail experience at Victorias Secret and Amazon.com, and growing the e-commerce divisions at SmartBargains.com and ShopNBC. Goldsmith, on taking over TSC, found the Canadian TV shopping channel was profitable and popular with women north of the border. It just wasn’t giving shoppers options to experience the TV shopping channel across multiple digital platforms, and to buy via online, mobile, tablet and social media apps. And that was missing as the Internet and mobile commerce account for an increasing share of revenue for Canadian retailers battling new American competition. “We didn’t have shopping apps. We did not have a great mobile experience. We did not have a great experience on a computer for her to watch us live,” Goldsmith recalled. So he’s transformed the digital shopping experience for TSC. As a multimedia retailer, the TV channel now has new mobile apps, onscreen social media engagement and more celebrity guest appearances by the likes of Wolfgang Puck, Joan Rivers and designers like Carol Brodie and R.J. Graziano. TSC is looking to use its biggest stars to hawk their wares on TV to distinguish itself from retailing rivals.
Canada Pre-Harvest Wheat Stockpiles Fell 14.8% From 2012
6, 2013. Canada (3-2) went on an 11-0 scoring run started by a pair of Cory Joseph free throws with 5:25 left in the fourth quarter. Joseph accounted for six of the next eight points and a three-pointer by Brady Heslip at 2:25 cut the deficit to 60-57 before Venezuela called a timeout. Tristan Thompson scored on an offensive rebound to make it a one-point game with two minutes to go, but that turned out to be Canada’s final bucket. David Cubillan hit a three-pointer at 1:36 and Venezuela’s defence did the rest. “I thought Venezuela did a really good job,” said Canadian coach Jay Triano. “They’re a very physical team, I think their average age is about 29 years old, and they have one way to play, and it’s physical, and we were no match for their physicality.” Joseph led Canada with 14 points while Thompson added 12 points and a game-high 20 rebounds. Canada dominated the boards, out-rebounding their opponents 40-24, but were hapless from the arc where they shot just 4 of 25. “Their defence stopped us from going where we wanted to go, and we had a hard time penetrating,” said Triano. Canada held Venezuela to 36 per cent shooting, “and you’re supposed to win games like that, but when you don’t score, that makes things tough,” said Triano. Nestor Colmenares scored 13 points and Cubillan added 12 for Venezuela (3-2), which moved ahead of Canada in the standings. “This is what the international game is about, being in a foreign country with fans going crazy, and you’re not going to get many calls,” said Triano.
Air Canada Reports Record August Load Factor
aThe mayor has done a good job in cleaning up the city,a Van Vliet, 27, said. aI always come back to Surrey. Economically itas more feasible, you get a lot more for what you pay for. Iave lived downtown but Iad like to fit more than a bed in my bedroom for $1,500 a month.a a Affordable housing is a big draw for people moving to the suburbs, Condon said, along with the fact that many jobs have shifted to these municipalities from Vancouver, which now only boasts about half the regionas jobs. aVancouver is completely unaffordable these days for families … wages are still stuck at the mid-$60,000 range,a he said. aMeanwhile, the cost of bungalows in the City of Vancouver has quadrupled and that may be forcing people out of the city.a When Starkey got a job as a coordinator at the Mulgrave School in West Vancouver two years ago, she left Pitt Meadows and thought about buying a small house in Vancouver. Instead, she decided to rent an apartment in Lynn Valley for her and seven-year-old daughter Ayla, preferring the quiet and fresh air and knowing that she only had to cross a bridge to reach the city. aThe North Shore is just a lot prettier, a lot cleaner and a nice environment to raise my daughter,a Starkey said. aItas not as crowded, not as busy. We have a forest in our backyard which you would never have downtown.a a If Herjit Dhanoa were not a mother, she would prefer to live in downtown Vancouver where she could eat out at a host of restaurants, go to the theatre and enjoy the city nightlife. Life in Stevestonas historic fishing village is decidedly slower than that, she admits, but itas a trade-off Dhanoa is willing to make for a more affordable three-bedroom house and a quieter place to raise her two young sons. aI do really love it because of the current lifestyle I have with my children,a Dhanoa said.
On average, six analysts surveyed by Bloomberg News expected 5.672 million tons. Canola reserves fell 14 percent to 608,000 tons, compared with analysts forecast of a 2.8 percent increase to 727,000. While supplies are down, grain bins will be refilled in coming months. The government predicts wheat production in 2013 will reach a 22-year high of 30.6 million tons and canola will jump to 14.7 million tons, the most ever. Minneapolis wheat prices have tumbled 26 percent in the past year, while Winnipeg canola futures that in May were the highest since 2008 have plummeted since then, down 21 percent from a year ago. We knew there was a lot of disappearance of grain, and certainly with prices being as high as they were, the signal was very strong for farmers to get that grain into the system, Jonathon Driedger, a senior market analyst at Winnipeg-based FarmLink Marketing Solutions, said today on a conference call. Inventories of non-durum wheat are the lowest since 2007-2008 and reserves of canola are extremely tight, he said. Yield Prospects Warm, wet weather in late June and early July boosted yield prospects across Western Canada . Above-average yields are being reported in Saskatchewan , the largest grower of spring wheat and canola. The yields for canola range between 30 bushels and 36 bushels an acre, the provinces agriculture ministry said. That compares to an average yield of 24 bushels to 27 bushels across most of the province a year earlier , reports show.