TSX gets boost from retail sales data loonie continues streak for 5th

TORONTO — Canada’s main index saw its first day of gains in more than a week as Statistics Canada released another set of positive economic data.The Toronto Stock Exchange’s S&P/TSX composite index advanced 33.08 points to 14,984.96. The last time the commodity-heavy index finished the day out of the red was Monday, Aug. 14.Tuesday’s gain came as Statistics Canada released data showing retail sales rose 1.1 per cent in June, excluding automotive and gasoline sales.“Any tidbit of information — positive or negative — is going to have outsized impacts on the market today,” said Craig Jerusalim, a portfolio manager of Canadian equities at CIBC Asset Management.That’s because the backdrop is a low-volume market, he said, as many people are away on vacation.The retail sales data also helped to lift the Canadian dollar, which continued its streak of gains for the fifth consecutive day.The loonie was trading at an average price of 79.67 cents US, up 0.15 of a U.S. cent. It has advanced 1.27 of a U.S. cent since last Tuesday’s daily average price of 78.40 cents US.In New York, markets also got a boost after a muted start to the week, as investors jumped on the losses of the past couple weeks as a buying opportunity rather than joining the sell-off.The Dow Jones industrial average climbed 196.14 points to 21,899.89, the S&P 500 index added 24.14 points to 2,452.51, and the Nasdaq composite index rose 84.35 points to 6,297.48.Gold continued to be unable to crack the US$1,300 an ounce mark, Jerusalim said, despite the ongoing political and social issues coming out of the White House that usually see investors turn to the precious metal as a safe haven.The December bullion contract dropped $5.70 to US$1,291.00 an ounce.Jerusalim suggested some investors may also be turning to cryptocurrencies, like Bitcoin, as alternative safe haven assets. He said they seem to be doing well when the U.S. dollar is weak — traditionally, a time when gold rallies.“Cryptocurrencies could be taking some of that excess demand off the table.”Elsewhere in commodities, the October crude contract gained 30 cents to US$47.83 per barrel, the September natural gas contract shed 2.3 cents to roughly US$2.94 per mmBTU, and the September copper contract gained about seven-tenths of a cent to roughly US$2.99 pound.– With files from the Associated PressBy Aleksandra Sagan in VancouverFollow @AleksSagan on Twitter. read more

Brock in the News October 17

Brock names interim presidentBrock University has named Tom Traves as its new Interim President. Traves comes to Brock with 18 years of experience as President of Dalhousie University and a strong track record of leadership in higher education: CBC, Global News, The Globe and Mail, Toronto StarBrock renames road after Métis business womanLongtime Brock supporter and Board of Trustees member Suzanne Rochon-Burnett is remembered for her commitment to empowering and educating Indigenous youth, with the University commemorating her work by renaming a road on-campus in her honour: St. Catharines StandardInside the 38-bed Manitoba hospital where babies were switched at birth and they ‘were always short staffed’The National Post highlights Maureen Lux’s research and book “Separate Beds: A History of Indian Hospitals in Canada,” detailing the segregated healthcare system and the impact it had on Indigenous families.Brock studying insect migration Leading Zika expert Fiona Hunter continues her research on mosquitos, explaining in Newsweek and the St. Catharines Standard that warming climates could potentially attract insects further north into Ontario.Charles Kissi signs contract extension with Brock men’s basketballTSN and St Catharines Standard recently sat down with Brock men’s basketball coach Charles Kissi to discuss his recent three-year contract extension with the Badgers. read more

PODCAST Registration open for Young Entrepreneur KickOff Weekend

The Good Morning Goodman podcast continues with co-hosts Susan LeBlanc and Amanda Malkiewich announcing that registration is open for the Niagara Young Entrepreneur Kick-Off Weekend being held Nov. 4-6.The event is co-hosted by BioLinc, Brock’s business incubator run by the Goodman School of Business, and Niagara College’s NC Takeoff program. Young entrepreneurs will have the opportunity to form a team and build and pitch an idea in a collaborative environment.The Etiquette Dinner hosted by the Goodman Career Development Office and sponsored by CPA Ontario is being held tomorrow where Goodman students will learn the proper etiquette for dining in a professional setting. There are a few spots left and students can register in person today during Career Chats from 10 a.m. – 12 noon in the third floor hallway of Taro Hall. There is a $15 fee which includes a three course meal.There is an information session this Friday, Oct. 28 from 1 – 3 p.m. about the Solidarity Experiences Abroad Entrepreneurship Trip to Ecuador. Organized by Brock’s Faith and Life Centre in partnership with the Goodman School of Business, this trip will give students an opportunity to facilitate workshops on the different aspects of entrepreneurship. This trip is happening from May 4-17, 2017 and costs just over $3,000. More details are on CareerZone.Students interested in operations and supply chain management are encouraged to register for the How to Get a Job in Operations and Supply Chain event being hosted Nov. 10 at 5 p.m. by the Goodman Career Development Office. The event is part of the “How to Get a Job” series where students can network and learn from a panel of industry professionals.All MBA students are invited to the next Goodman Alumni Network event which is happening Nov. 1 at 6 p.m. in Toronto. Breaking the Glass Ceiling: A conversation with women who are leading the way features a panel with this year’s Distinguished Leader recipient Martine Irman, and Goodman graduates Rhonda Klosler and Deborah Rosati.0:25 – Etiquette Dinner1:09 – Distinguished Leader Lecture2:18 – Niagara Young Entrepreneur Kick-Off Weekend2:57 – Solidarity Experiences Abroad – Ecuador Trip Information Session4:11 – How to Get a Job in Operations & Supply Chain Management4:32 – Breaking the Glass Ceiling4:22 – Goodman BSA Fashion Show5:56 – Goodman Expansion Construction Update read more