Prep Business Report – CP

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Prep Business Report – CP

by ahnationtalk on October 9, 2015389 Views

Source: The Canadian Press – Broadcast wire
Oct 9, 2015 4:29

Markets on both sides of the border closed in the black yesterday, thanks to gains in the energy sector.

Toronto’s S&P/TSX composite index climbed 110.31 points to 13,978.66.

In New York, the Dow Jones gained 138.46 points to 17,050.75, the Nasdaq index rose 19.64 points to 4,810.79 and the S&P 500 index increased by 17.60 points to end the day at 2,013.43.

The November crude contract gained $1.62 to settle at U-S$49.43 a barrel, while the December gold contract fell $4.40 to US$1,144.30 an ounce.

In Tokyo this morning, Japan’s Nikkei average jumped 297.50 points to 18,438.67.

In Hong Kong, the Hang Seng index increased by 103.89 points to 22,458.80.

And the loonie is trading overseas this morning at 77.06 cents U-S, up 25 basis points from yesterday’s close of 76.82 cents U-S.

(World Markets)

Asian stock markets rose Friday on expectations the U-S Federal Reserve will keep interest rates at a record low for several more months.

Energy stocks advanced with the price of oil.

Japan’s Nikkei 225 index added 1.64 per cent and Hong Kong’s Hang Seng jumped 0.46 per cent.

The Shanghai index rose 1.27 per cent. (The Associated Press)


Netflix is introducing another one-dollar per month price hike on its standard plan.

Canadians looking to sign up for Netflix’s standard plan will now pay nine dollars, 99 cents a month.

The basic plan, which does not offer high definition video quality and only permits one stream at a time, remains at $7.99 a month.

And the premium plan, which offers up to four simultaneous streams with the same login and ultra high definition 4-K content, also holds steady at $11.99 monthly. (The Canadian Press)


Three Federal Court of Appeal judges have reserved decision on whether to quash the approval of the Northern Gateway pipeline.

The court heard from pipeline opponents who said the government failed to get aboriginal consent or consider the impact on the environment when it approved the project.

Proponents claim a decision to overturn the pipeline approval would kill the project.

The government approved the seven-billion dollar Enbridge Northern Gateway project in June 2014 with 209 conditions, following recommendations made by a review panel considering the environmental impacts. (The Canadian Press)


The state of Texas is suing Volkswagen, alleging that its emission-rigging violated trade protections and clean air standards.

Attorney General Ken Paxton says his state will seek restitution for consumers, and an injunction and civil penalties to prohibit future violations.

V-W says it installed devices designed to defeat emissions testing on many Volkswagen and Audi diesel cars dating to model year 2009.

Paxton said Texans purchased around 32-thousand vehicles and there are about 49 authorized V-W dealerships statewide.

Last month, Harris County, which includes Houston, filed a multimillion dollar lawsuit against the automaker. (The Associated Press)


The United States plans to back a proposed international ban on rechargeable lithium battery shipments as cargo on passenger airlines.

Officials fear the risk of unstoppable fires.

Angela Stubblefield, a Federal Aviation Administration hazardous materials safety official, says the government agency believes the risk is “immediate and urgent.”

Billions of the lithium-ion batteries are used to power consumer electronics ranging from cellphones and laptops to power tools and toothbrushes.

The ban wouldn’t apply to cargo airlines or to other kinds of batteries and also wouldn’t apply to lithium-ion batteries that are packed inside equipment. (The Associated Press)

(Business Report by The Canadian Press)

(The Canadian Press)


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