Tag: Cash

October 22, 2019

Weekly Traffic Advisories

first_imgCONTINUING WORK PICTOU COUNTY: Highway 104 Two temporary intersections are now in use on Highway 104, Trans-Canada Highway, near Sutherlands River. One is located about 70 metres west of the Exit 27A intersection. To access Trunk 4, use this temporary intersection. The other intersection is on School Road in front of East Pictou Middle School. To access School Road, including F. H. MacDonald Elementary School and East Pictou Middle School, use this temporary intersection. They will be used until summer. Local Area Office: 902-755-7184 INVERNESS COUNTY: Murrays Hill Bridge Murrays Hill Bridge, which crosses the Mabou River near Rankinville Road, is closed until further notice. Local Area Office: 902-625-4388 CUMBERLAND COUNTY: Northport Bridge Northport Bridge on Route 366 is closed until late May or early June, for replacement. A detour is available from Shinimicas Road to the east of the bridge and Mudcreek Road to the west of the bridge. Cyclists should travel with caution. Local Area Office: 902-667-2972 KINGS COUNTY: Bridge Closure Traffic on the Busby McMahon Bridge on Brooklyn Street, near Aylesford, is reduced to one lane until further notice. Traffic lights are in place. Local Area Office: 902-679-4979 ANTIGONISH COUNTY: Route 337, Canal Bridge During construction of a new Canal Bridge on Main Street, Antigonish, traffic on Route 337 is being rerouted to a temporary detour bridge. The temporary bridge will be in place until Tuesday, May 31. Signs and traffic signals are on site. Local Area Office: 902-863-7387 CAPE BRETON REGIONAL MUNICIPALITY: George Street A section of George Street, near the Highway 125 overpass, will be reduced to one lane at various times for the construction of a new overpass. Work will take place until Saturday, April 30. Traffic control people will be on site. Expect delays. Work takes place from sunrise to sunset. Local Area Office: 902-563-2518 VICTORIA COUNTY: MacLeod Bridge The northbound lane of MacLeod Bridge, on the Cabot Trail in Cape North, will be closed for repairs until further notice. A traffic control person will be on site until traffic signals are installed. Local Area Office: 902-295-2700 -30- DIGBY COUNTY: Dick Theriault Road The bridge on Dick Theriault Road, about two kilometres southeast of the Old DAR Railway crossing, is closed for repairs. There is no detour. Transportation officials will be on site 24 hours a day until the bridge is repaired. Local Area Office: 902-769-2192 KINGS COUNTY: Hantsport Kates Bridge, on Tannery Road in Hantsport, is closed for repairs until further notice. A detour is available on Avon Street. Local Area Office: 902-527-5448 CUMBERLAND COUNTY: Allan Hill and South Branch Roads Allan Hill and South Branch roads in the Advocate area have a weight restriction of five tonnes until further notice. Local Area Office: 902-667-2972 VICTORIA COUNTY: Corsen Bridge Traffic on Corsen Bridge on the Cabot Trail, two kilometres south of Ingonish, is reduced to one lane until further notice. Local Area Office: 902-383-2232 GUYSBOROUGH COUNTY: Melford Brook Bridge The Melford Brook Bridge on Route 344 at Middle Melford is closed. A two-lane detour bridge is in place until a permanent bridge is built. The speed limit has been reduced to 60 km/h and warning signs are in place. Local Area Office: 902-533-2771last_img read more

October 6, 2019

Toronto stock market closes down on European social unrest mixed US home

TORONTO – The Toronto Stock Exchange pared earlier losses but closed in the red Wednesday as commodity prices lost ground amid a mixed report on U.S. housing and social unrest over austerity measures in Greece and Spain.The S&P/TSX composite index fell 24.32 points to 12,232.86, rebounding slightly from an earlier loss of more than 80 points. The TSX Venture Exchange shed 6.35 points to 1,306.86.The Canadian dollar fell 0.48 of a cent to 101.50 cents U.S. as commodity prices failed to get a lasting boost from an improvement Tuesday in U.S. consumer confidence to its highest level since February.Wall Street markets were also lower, with the Dow industrials average down 44.04 points to 13,413.51, the Nasdaq off 24.03 points at 3,093.70. The broader S&P 500 index was down 8.27 points to 1,433.32.A day after U.S. stocks suffered their biggest retreat in three months on comments from a leading official at the U.S. Federal Reserve, investors were spooked Wednesday by scenes of violent protests in Athens and Madrid that reignited concerns over Europe’s ability to implement the measures needed to deal with its debt.The developments in Europe overshadowed some mildly encouraging data on the state of the U.S. housing market.The median price of new homes sold in August rose by a record amount, while sales of new homes dipped slightly. Sales in August were up 27.7 per cent from a year earlier, but remain at about half the pace economists consider healthy.Stronger data on the U.S. housing market have insulated stocks in recent weeks from a slackening global economy. The other main source of support has been the Federal Reserve’s program to boost the economy by pumping money in. That idea lost some lustre Tuesday after a key Fed official said he doubted it will do much good.But investors were more focused on Europe than on the U.S. housing market news, said Gavin Graham, president of Graham Investment Strategy Ltd.“We may finally be starting to see the turn in what’s been a major drag on growth,” he said.“Maybe now we’re starting to see a little bit of positive news but that’s obviously more of a long-term story. In the meantime when you have rioting crowds in the streets that tends to rather focus people’s attention.”If there are continued worries about Europe being able to achieve a successful resolution to its debt crisis, that could worsen the recession across the Atlantic, lowering demand for commodities, which make up a big portion of the companies on the TSX, he explained.The benchmark New York oil contract was $1.39 lower at $89.98 a barrel, the December gold contract slipped $12.80 to $1,753.60 an ounce and the December copper contract fell five cents to $3.71 a pound.The mining sector was the biggest drag on the TSX as it lost 1.3 per cent with shares in HudBay Minerals (TSX:HBM) down two per cent or 19 cents to $9.46. That was followed by the energy sector, which fell 0.84 per cent with shares in Suncor Energy (TSX:SU) down 22 cents to $32.01.In Canadian economic news, the Conference Board said consumer confidence improved this month, following a weak showing in August. The Ottawa-based economic forecaster said its consumer confidence index increased 6.7 points to 82.2.And in Canadian deals, Onex Corp. (TSX:OCX) is leading a $718-million bid to acquire a German manufacturing company, the first European investment for the Toronto-based company’s flagship private equity fund. Onex shares added 13 cents to $38.20.CGI Group (TSX:GIB.A) has received a five-year contract worth up to US$871 million from the Defense Information Systems Agency. Shares in the company dropped 1.7 per cent 45 cents to $26.38.Investment manager AGF Management Ltd. (TSX:AGF.B) reported a loss of $13.3 million or 14 cents per share in the quarter ended Aug. 31 compared with a profit of $15.4 million or 16 cents per share a year ago. Shares fell nine per cent or $1.13 cents to $11.30.And shares of Research In Motion Ltd. (TSX:RIM) gained six per cent or 38 cents to $6.88. The move higher followed comments from RIM’s chief executive Thorsten Heins, who told a developer conference Tuesday that RIM has grown its user base to about 80 million at the end of its second quarter.That’s up from 78 million in the previous quarter. RIM is scheduled to report its second-quarter financial results on Thursday after market close.A DBRS report released Wednesday said the net benefit of a $15.1-billion takeover of Nexen Inc. (TSX:NXY) by a Chinese company is “somewhat mixed” because the deal offers only limited direct financial benefits but may help trade relations. Shares in Nexen rose 18 cents to $24.91. by Sunny Freeman, The Canadian Press Posted Sep 26, 2012 4:40 pm MDT Toronto stock market closes down on European social unrest, mixed U.S. home data AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more