TORONTO — The Toronto stock market tumbled more than 200 points Tuesday as commodity prices retreated amid worries that Greece could run out of money next month.Here are the closing numbersTSX — 11704.74 -1.31% -155.92S&P 500 — 1363.72 -0.43% -5.86Dow — 12932.09 -0.59% -76.44Nasdaq — 2946.27 -0.39% -11.49The S&P/TSX composite index fell 155.8 points or 1.3% to 11,704.85 in a broad-based retreat while the TSX Venture Exchange declined 59.05 points to 1,338.37.The Canadian dollar fell 0.53 of a cent to US100.17 cents after slipping below parity with the greenback earlier in the session, going as low as US99.77 cents.Traders avoided risky assets after a prominent Greek politician called on the country’s two main party leaders to renege on their support for the multibillion-euro bailout that is keeping Greece afloat. Alexis Tsipras’ Radical Left Coalition came in a surprise second in Sunday’s indecisive election and the country is struggling to form a new government.“The popular mandate clearly renders the bailout agreement invalid,” he said.U.S. markets also retreated but finished well off the worst levels of the day. The Dow Jones average came back from a 198-point plunge to close down 76.44 points at 12,932.09.The Nasdaq composite index slid 11.49 points to 2,946.27 and the S&P 500 index fell 5.86 points to 1,363.72.Commodity prices lost ground because if Greece can’t stay solvent, it risks falling out of the eurozone, with potential knock-on effects throughout the global economy.As it is, the economies of many heavily-indebted eurozone countries are worsening as tough austerity measures adopted to rein in spending are crushing growth.“It highlights the bigger issue, which is that Europe has made some meaningful progress in addressing the capital issues of the banking system and reinforcing the banking system,” said Norman Raschkowan, North American strategist at Mackenzie Financial Corp.The TSX energy sector lost 1.12% as the June crude contract on the New York Mercantile Exchange fell 93 cents to US$97.01 a barrel. It earlier went as low as US$95.52, its weakest level since late December.Crude has slumped about nine% since the beginning of the month on a deterioration of the global growth outlook. Canadian Natural Resources gave back 95 cents to $30.69 and Suncor Energy was 45 cents lower at $29.77.Copper prices are also down sharply from May 1, losing 4.3%. The July contract was down 10 cents to US$3.68 cents a pound on Tuesday. Copper is viewed as an economic bellwether as it is used in so many industries. The base metals sector gave back 2.16% and Teck Resources declined 81 cents to $33.53 while Ivanhoe Mines lost 45 cents to $9.90.Railway stocks fell alongside commodity prices and mining stocks, with Canadian National Railways down $1.85 to $82.20 and Canadian Pacific Railway off 80 cents at $73.69.The gold sector was also lower as bullion prices backed off, down $34.60 at US$1,604.50 an ounce, the lowest close since Jan 3. Goldcorp Inc. faded $1.53 to $34.40 and Barrick Gold Corp. shed 96 cents to $36.71.Blue chips also contributed to the negative showing with the financial sector down 1.2%. Scotiabank lost 57 cents to $53.02 and TD Bank eased $1.23 to $80.42.On the corporate front, Research In Motion gained 25 cents to $12 as the BlackBerry maker hired two veterans from the mobile computing industry for the key roles of chief operating officer and chief marketing officer.There was also plenty of earnings news to digest.Food company George Weston Ltd. said first-quarter net earnings attributable to shareholders grew 18% to $124-million from $105-million in the quarter a year earlier. Sales increased 1% to $7.22-billion from $7.15-billion a year ago but its shares dipped $1.35 to $59.13.Here’s the news investors were watching today:Condos drive Canada’s housing start surgeGermany to Greece: No austerity, no aidYahoo CEO apologizes for uproar over bogus degreeRIM appoints chief marketing officer, chief operating officerON DECK WEDNESDAYECONOMIC NEWSUNITED STATES10 a.m.Wholesale Trade (March): Economists expect 0.6% riseCORPORATE NEWSCANADATim Hortons Q1 earnings: Analysts expect 58¢ a share Telus Corp Q1 earnings: Analysts expect $1.04 Agrium Inc Q1 earnings: Analysts expect $1 Enbridge Inc Q1 earnings: Analysts expect 48¢ Torstar Corp Q1 earnings: Analysts expect 27¢ Quebecor Inc Q1 earnings: Analysts expect $1 Linamar Corp Q1 earnings: Analysts expect 48¢ Cascades Inc Q1 earnings: Analysts expect 7¢ First Quantum Minerals Ltd Q1 earnings: Analysts expect 24¢ HudBay Minerals Q1 earnings: Analysts expect 12¢ Onex Corp Q1 earnings UNITED STATESCisco Systems Q3 earnings: Analysts expect 47¢ a share CenturyLink Inc Q3 earnings: Analysts expect 58¢

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first_imgSoccer agents look with concern at the short-term future as a period of austerity in the looms looms. That will be one of the main consequences that soccer will suffer due to the coronavirus pandemic. The break caused by the COVID-19 has closed the tap of income of the clubs, which are already juggling to balance the accounts: ERTES, reduction of salaries in the templates … Volker Struth, representative of Toni Kroos, warned that there will be fewer transfers, and less, next summer and in that line it has been shown also Guido Albers, agent for Van de Beek, one of the most sought-after players in the current market. Uncertainty marks his speech. “What’s going to happen to Donny? No one knows at this time. The interest of various clubs, which is known, has been there for a long time. We will see what will come out in the coming weeks. I don’t dare say anything about it, also because some things are confidential, although the coronavirus will have changed the situation of some clubs and we have to look closely at that ”, he stated at Voetbal International.Albers foresees a market with fewer player movements and less money, although he is confident that the new scenario may have positive consequences for his client. Related to Real Madrid since last season he shone in that Ajax that eliminated the whites from the Champions League, his name has passed to the caboose on the Bernabéu agenda. Therefore, this new situation of crisis in the market makes the Dutchman’s agent open up to other options outside the capital of Spain: “Everything will be different, but I also have to be realistic: it also creates opportunities in clubs that perhaps thought they no longer had a chance and are now knocking on the door. I’m not worried about Donny. “United keeps an eye on him … In this range of options for the future, Albers does not rule out that Van de Beek remains in Ajax, as happened last season, when all the pools were seen outside the Johan Cruyff Arena, as happened with De Ligt and De Jong, the other pillars of that set trained by Ten Hag: “’The positive for Donny is that he is still very good everywhere. For Donny, the most important thing is, and has always said, a choice based on his feelings. That which he believes is best for him and which he believes to be the most successful. He did it last year and will continue to do it this summer. Don’t forget that Ajax is still the club he came to when he was a young player. It is not a punishment to play for Ajax. It will also include that in your consideration… “Two weeks ago, the player returned to distance himself from the possibility of signing for Real Madrid, despite the fact that in the Dutch press the possibility is a recurring issue. “My feeling must be positive in a club. It is not just that they love me, I also have to fit in with the game system and, of course, I also want to know the minutes they are going to give me, “he said in Helden. Asked if Madrid would be that ideal destination, he commented: “Playing in the sun is always nice, but no, I haven’t started taking Spanish classes yet.”last_img

first_img MIRACLE There’s a lot that’s been said about the triumph of the human spirit over adversity, and Oshane Murray is living proof of what a person can overcome when the mind kicks into gear. The 23-year-old was on a clear path to achievement as a former Calabar High School student, attending the University of Technology (UTech) pursuing a degree in electrical engineering and representing Jamaica at international and local events in tae kwon do. His life changed on January 30, 2013, when, during a cheerleading routine at UTech, he slipped and fell. “It’s when I was trying to get up I realised that I couldn’t. I didn’t feel a thing. I was very calm and laughing. When I was trying to move, I couldn’t, and everyone was saying ‘Oshane, Oshane, get up now nuh’ and I said ‘I can’t move’ and they were like, ‘Oshane stop joking around’. Then the girls started screaming and there was chaos,” he recalled of that day. He was taken to the hospital, where he learned he had a broken vertebrae in his spine. “The doctors were saying I should be dead based on the X-Ray ;that it’s a miracle I’m a alive and conscious,” he told The Gleaner. After almost a year in hospital, Murray was released. He got an infection a few days before his release, but was deemed well enough to go home just before Christmas 2013. “When I first came home, it was problematic because nobody really knew how to react or how to address me being in this situation. Even though they were trying their best, sometimes them just trying just makes it worse,” Murray said. It was during this period Murray, who turns 24 in May, learned who his real friends were. They turned out to be his teammates, his classmates and some family members. He returned to classes at UTech in September 2015 through the assistance of his coach Jason McKay, who provided him with a driver as well as an assistant, who writes his notes during classes. Exams have proven a little challenging, but he is coping. “I do exams in a room by myself. I draw and I talk, but that’s a next headache in itself. Especially when I have to draw, it’s hard to describe how to draw stuff, especially when you’re doing a lot of calculation courses. Sometimes in the middle of the exams, I get dizzy spells (too).” The thing he said he misses most is the fact that he can no longer train as a martial artist. However, he has found a way to contribute and has returned to training, even if in a different capacity. “I just want to finish what I started … My goal is that I just want to be independent. I don’t know how long it will take, but I will. “I don’t know what’s pushing me but I just don’t want to give up. I don’t know what’s going to happen and that fear of not knowing is what’s pushing me forward,” he said.last_img

first_imgView comments IT happens: Facebook sorry for Xi Jinping’s name mistranslation OSG plea to revoke ABS-CBN franchise ‘a duplicitous move’ – Lacson Missile-capable frigate BRP Jose Rizal inches closer to entering PH Navy’s fleet MOST READ Malacañang open to creating Taal Commission 787 earthquakes recorded in 24 hours due to restive Taal Volcano Muguruza, however, beat Serena to win the French Open title in 2016. And she’s expecting the same kind of atmosphere despite the unfamiliar opponent.“I don’t think it’s going to be different. A final is a final,” Muguruza said. “Only one’s going to win. … The racket has to talk.”Besides her experience on the court, Muguruza will also have some experience behind her off it. She has been working with 1994 Wimbledon champion Conchita Martinez recently.“I think she’s helping me to deal with the stress of the tournament, because it’s a long tournament,” Muguruza said. “So she just knows how to prepare, how to train, what to do.“Not that I’m doing something different, honestly. But to have her by my side gives me also this little confidence on having someone that has won before.”Williams and Muguruza have played each other four times before, and the American has won three of them. They have never before played on grass, though.“It’s good that she’s played her before, and that she’s beaten her. So she knows what’s to come,” Martinez said of Saturday’s match. “She just has to play tennis, and not worry about who’s favored or who isn’t favored. She needs to think about the next point and nothing else.”When Martinez won at Wimbledon for her only major, she beat 37-year-old Martina Navratilova in the final. Williams is the oldest Wimbledon finalist since then.Age, however, seems to be an advantage for Williams.“I think it’s wonderful to have the opportunity to play well and to be strong and have experience,” Williams said. “So I think experience can either work against you or for you. I like to think it’s working for me.” Marcosian mode: Duterte threatens to arrest water execs ‘one night’ Venus Williams of the United States returns to Britain’s Johanna Konta during their Women’s Singles semifinal match on day nine at the Wimbledon Tennis Championships in London Thursday, July 13, 2017. (AP Photo/Kirsty Wigglesworth)LONDON — Even at 37 and with five Wimbledon titles to her name, Venus Williams still has that overwhelming desire to win.And she’s showing it again this year at the All England Club, where she will face Garbine Muguruza on Saturday in her ninth Wimbledon final.ADVERTISEMENT Sports Related Videospowered by AdSparcRead Nextcenter_img Duterte’s ‘soft heart’ could save ABS-CBN, says election lawyer Filipinos turn Taal Volcano ash, plastic trash into bricks PLAY LIST 01:40Filipinos turn Taal Volcano ash, plastic trash into bricks01:32Taal Volcano watch: Island fissures steaming, lake water receding02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite End of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legend LATEST STORIES “I’m definitely in the position I want to be in,” Williams said. “It’s a long two weeks. Now, knocking on the door for a title. This is where I want to be.”Williams has quite a history at the grass-court major, winning her first Grand Slam title in London in 2000. The last of her seven majors came at the same place in 2008.FEATURED STORIESSPORTSEnd of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legendSPORTSRedemption is sweet for Ginebra, Scottie ThompsonSPORTSMayweather beats Pacquiao, Canelo for ‘Fighter of the Decade’Shortly after that, in 2011, Williams announced she had Sjogren’s disease, an energy-sapping illness that also can cause joint pain. She missed some big tournaments, and made several early exits at the majors.But she has bounced back, playing some of her best tennis over the last 12 months. She reached the Wimbledon semifinals last year, and the Australian Open final this year. Dy: We don’t think of ourselves as reserves On Saturday, she’ll be playing for the Venus Rosewater Dish for the ninth time in her 20th Wimbledon appearance.“There’s still a lot to be done. I have one more match that I’d like to be the winner of,” Williams said. “I have to go out there and take it and play well.”The person on the other side of the net also has experience playing in the last weekend on Centre Court. The 23-year-old Muguruza played for the title in 2015, losing to Venus’ little sister, Serena Williams.Serena isn’t at Wimbledon this year because she is pregnant and taking the rest of the season off. But Venus will likely be checking in with her for some advice ahead of Saturday’s match.“Serena did play her in a final,” Venus said. “I definitely will ask her. I’m sure she’s going to give me hopefully some things that will make a difference for me in the match.”ADVERTISEMENT Don’t miss out on the latest news and information. LIVE: Sinulog 2020 Grand Paradelast_img

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