Left, Jorge Parra of GM hunger strikers in Colombia with Martha Grevatt at Sept. 10 Detroit meeting.WW photo: Abayomi AzikiweWorking at breakneck speed under antiquated conditions at the General Motors Commodores plant in Bogotá, Colombia, more than 200 workers have suffered debilitating injuries and illnesses. After being fired and left with no source of income, workers formed the Association of Injured Workers and Ex-workers of GM Colombia, known as Asotrecol.On Aug. 1, 2011, the Asotrecol workers set up an encampment outside the U.S. Embassy in Bogotá. They chose that location because the U.S. government still owns 26 percent of GM. They want recognition of their injuries as work-related, and they want reintegration into the workforce for those who are able to work and pensions for those unable to work as well as paid health care. A key demand is recognition of Asotrecol as their union.On Aug. 1 of this year, 13 injured workers began a hunger strike, sewing their lips shut. The strike was ended when GM corporate representatives agreed to travel to Colombia for mediation. The company, however, offered only a paltry compensation sum and refused to give workers their jobs back. “The insignificant funding they offered would have accomplished nothing but convert us into street food vendors,” Asotrecol stated.Workers have sewn their lips shut again. The union’s president, Jorge Parra, is conducting his hunger strike in Detroit, hoping to get a meeting with GM corporate representatives.This reporter, a 25-year Chrysler worker and United Auto Worker member, interviewed Parra on Sept. 7, near Detroit’s lesbian, gay, bisexual, transgender and queer community center, called Affirmations. There, Parra had a warm exchange with LGBTQ activists, who are engaged in a rotating hunger strike to protest discrimination and bigotry in Michigan.Martha Grevatt: How big is the workforce at Colmotores?Jorge Parra: About 1,830 working two shifts.MG: What was its peak?JP: Three or four years ago there were 2,300 working three shifts.MG: Aside from about 200 who were injured and fired, how were the reductions accomplished?JP: The older workers are being fired. They make about 2 million pesos [$1,050] per month but newer workers make half that. For three years, they do not get a raise. Then it takes two years to reach top rate.MG: How many cars are produced each day and how much do they cost in Colombia?JP: One hundred and sixty per shift. The work process has one person doing what three or four workers in the U.S. would do. Cars cost from 18 million pesos to 45 million pesos [$10,000 to $24,000].MG: Where are things now with your struggle?JP: We hope with this trip to Detroit I’ll be able to talk directly with people in GM headquarters and try to find a solution that is just. My colleagues and their families are in a very desperate and critical situation. Three of them have lost their houses through mortgage foreclosure. One other is at risk of losing his home.It’s hard for our families and for our kids. Those of us who felt the helplessness decided to enter a hunger strike and sew our mouths shut. This was the only way we thought we would be able to resist the violations committed against us, with the little that we still have. GM practically gave us one choice — to die on a hunger strike or to die waiting for our indifferent governments to do something for us. It is unjust for the U.S. to demand human rights when it is financing human rights abuses by way of its ownership of GM.MG: How important is international solidarity?JP: The international support has been an enormous aid to us in making our struggle visible. GM is a multinational [corporation] and a large part of it belongs to the U.S. public. The support we have found in unions and organizations and from people has been invaluable. By making public statements and taking stances, they are increasing our profile. I’m proud to be able to be here in the U.S. I’m here because our situation has become so public. I’m glad I can count on this continued support, as we keep demanding justice and our rights.MG: Can you comment on the Free Trade Agreement?JP: It is unjust to us that the U.S. ratified the FTA with Colombia. There is a very difficult situation for unions and workers in Colombia. Colombia is not complying with the Labor Action Plan prerequisites of the FTA. When [President] Obama came to Cartagena and approved the FTA, it was like a slap in the face to me.MG: Is there anything else you would like to add?JP: We continue to ask for the enormous help of U.S. people and unions. We ask that they send letters and emails; that they engage in acts of protest and marches; and that they talk to their politicians, so that together we can demand that GM do the right thing and reach a prompt solution. We’re coming to the end of our rope in Colombia.We urgently need the collaboration of the people of the U.S. Our lives and our families depend on it.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this
DefinitionUnder general supervision, the Professional Expert providesassistance and support in accordance with assignments anddirections from the supervisor. Professional Experts:Have specialized knowledge or expertise not generally requiredof or found in the classifications established by theDistrict.Must be specially trained, experienced, or competent to performexpert services.Are used on a temporary basis for a specific project orprojects.Terms of employment will be described in the ProfessionalExpert Agreement Conditions of EmploymentThis is a professional expert position. The District reserves theright to extend, modify, or eliminate this position based uponavailable funds. The effective dates of employment will be arrangedwith the supervisor.This is a recruitment for an applicant POOL to filltemporary/short-term assignments on an as-needed basis. Departmentsor Divisions will refer to the POOL of applications on file to filltemporary/short-term assignments as the need arises. Applicationswill remain in the pool for one year. You will be contacted by thehiring manager should the department/division be interested inscheduling an interview. Please do not call the Office of HumanResources regarding the status of your application .Employment is contingent upon verification of employment history,background verification as governed under Education Coderequirements, eligibility to work in the United States, andapproval by the CCCD Board of Trustees. 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Individuals interested in advancing the District’sstrategic diversity goals are strongly encouraged to apply.Reasonable accommodations will be provided for qualified applicantswith disabilities who self-disclose.Application materials must be electronically submitted on-lineat http://www.cccd.edu/employment . Incomplete applications and applicationmaterials submitted by mail will not be considered.Additional InformationAPPLICATION REQUIREMENTS: To be considered for thisopportunity, you must submit a COMPLETE application packet. Acomplete application packet includes:A complete Coast Community College District OnlineEmployment Application.Answers to ALL Supplemental Questions, if any (pleaseprovide clear and detailed responses, where applicable, as theywill be carefully evaluated to determine the most qualifiedcandidate(s) to be invited for an interview; please do not pasteyour resume, put ‘see resume’ or ‘N/A’, or leave blank).A Current Resume (as a separate attachment – PDFrecommended).Candidates will also be responsible for all travel expenses ifselected for an interview, the Coast Community College Districtdoes not reimburse for candidate travel expenses.Disability AccommodationsIf you require accommodations in the Application or ExaminationProcess, please notify Human Resources by calling (714)438-4714.PHYSICAL DEMANDS AND WORK ENVIRONMENT:The physical demands are representative of those that must bemet by an employee to successfully perform the essential functionsof this job.The work environment characteristics are representative ofthose an employee encounters while performing the essentialfunctions of this job.Reasonable accommodations may be made to enable individualswith disabilities to perform the essential functions.A detailed list of physical demands and work environment is onfile and will be provided upon request.This direct link 2020 Annual Security and Fire Safety Report (ASFSR) is the 2020Annual Security and Fire Safety Report for Coast Colleges. Thecrime statistics for calendar years 2017, 2018, and 2019 weresubmitted to the U.S. Department of Education as required under theJeanne Clery Disclosure of Campus Security Policy and Campus CrimeStatistics Act. A hardcopy can be provided from one of the CampusSafety Offices. Please contact any of the Campus Safety Offices forany questions regarding the report.The Coast Community College District is a multi-college districtthat includes Coastline Community College , Golden WestCollege , and Orange Coast College . The three colleges offerprograms in transfer, general education, occupational/technicaleducation, community services and student support services.Coastline, Golden West and Orange Coast Colleges enroll more than60,000 students each year in more than 300 degree and certificateprograms.Since its founding in 1947, the Coast Community College Districthas enjoyed a reputation as one of the leading community collegedistricts in the United States. Governed by a locally elected Boardof Trustees, the Coast Community College District plays animportant role in the community by responding to needs of achanging and increasingly diverse population.Coast Community College District is an Equal OpportunityEmployerThe Coast Community College District is committed to employingqualified administrators/managers, faculty, and staff members whoare dedicated to student learning and success. The Board recognizesthat diversity in the academic environment fosters awareness,promotes mutual understanding and respect, and provides suitablerole models for all students. The Board is committed to hiring andstaff development processes that support the goals of equalopportunity and diversity, and provide equal consideration for allqualified candidates. The District does not discriminate unlawfullyin providing educational or employment opportunities to any personon the basis of race, color, sex, gender identity, genderexpression, religion, age, national origin, ancestry, sexualorientation, marital status, medical condition, physical or mentaldisability, military or veteran status, or geneticinformation. Non-academic, non-classified Professional Experts are notpart of classified service. Non-academic, non-classified short-termemployees are at-will employees and have no entitlement rights toany position in the District. Professional Expert employment shallnot result in the displacement of Classified personnel.* Retired CalPERS Annuitants: may not exceed 960 hours in afiscal year (July 1 through June 30)*REPRESENTATIVE DUTIES:Assists the Supervisor with the planning, development, support andadministration of assigned project. 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An interesting article in the Indy Star told how to assure yourself of a job in the NFL. Be the son or daughter of the head coach or owner. Bill Belichick of New England has his son, Steve, as a coaching assistant. Jeff Fisher of the Rams also has his son, Brandon, working as his defensive backs coach.In the case of Marvin Lewis of the Bengals, his son Marcus is also a defensive assistant. Andy Reid, the coach of the Chiefs, hired his son, Brit, as a defensive line assistant. Lovie Smith of the Tampa Bay Bucs brought his son Mikal in as a safety coach. Not to be out done, Mike Zimmer of the Vikings, has his son, Adam, as his linebacker coach.Pete Carroll of the SeaHawks has two of his sons working for him. Nate is a wide receiver coach and Brennan is an offensive line coach. Finally Mike Brown of the Bengals put his daughter, Kathy, in the position of chief negotiator for player salaries and she is also their business manager. How is this for nepotism?
– ‘He probably has season ticket’ –The frustrations provoked Klopp into his argument with a Swansea supporter around the hour mark and he admitted: “He was shouting at me all the time but I reacted. I am a human being, not just a professional manager.“I am sure I am not the first manager who has a problem. He probably has a season ticket.”Klopp added: “Swansea knew that to win today they needed our help and unfortunately we gave it to them.“They did the right things to deserve to win a game like this tonight and we didn’t deserve it.“We could have equalised at the end, but didn’t have that luck.”For new Swans manager Carlos Carvalhal, this was a tactical triumph as he used a five-man defence to deny Liverpool space and then hit them on the break.The Portuguese likes to use seafood metaphors to describe players as either lobsters or sardines, but this time he was borrowing motor racing analogies as he left Liverpool on the hard shoulder.Carvalhal said: “I talked with my players and said this (Liverpool) is a really strong team.“They are like a Formula One car. But at 4:00pm in London it will be difficult to speed, they would be a car like any other.“We needed to make sure there was traffic, we could not let them have open roads to drive in.”Share on: WhatsApp Swansea, United Kingdom | AFP | Jurgen Klopp blamed his players for becoming embroiled in a fight at Swansea City as they lost their unbeaten 18-match run to the Premier League’s bottom club.Liverpool failed to grab a late draw to extend their lead over fifth-placed Tottenham as they lost to a single goal from Alfie Mawson — and Klopp himself clashed verbally with a home supporter.It was Liverpool’s first defeat since October, but the points were priceless for Swansea, who cut the gap between themselves and those above the relegation places to just three points.He said: “I am more frustrated about the performance than the result.“We were just not good enough, especially in the first half. We didn’t play how we wanted to play.“We didn’t keep the right positions we needed to, to cause them problems and didn’t stretch them.“We gave them the opportunity to score and then we did exactly what Swansea wanted.“They didn’t need to play, they needed to fight and we did exactly what they wanted and their confidence grew.”Liverpool missed plenty of opportunities for their normally clinical strikers Sadio Mane, Mo Salah and Roberto Firmino.They also came up against a goalkeeper at the top of his game in Swansea’s Polish number one Lukasz Fabianski.The only goal came against the run of play in the 41st minute when Mawson swept the ball in at corner and Virgil van Dijk had misplaced a header as he tried to clear.It summed up an awkward league debut for Van Dijk, who had previously only played in one FA Cup tie since his record £75 million move from Southampton.
Martin Pedroza17618262310%$772,804 Thomas Proctor5386315%$564,378 Kent Desormeaux20834372716%$2,074,810 Tyler Baze31741413513%$2,451,248 Peter Eurton8715131517%$878,756 Rafael Bejarano28869453724%$3,387,918 Martin Garcia14729201720%$2,719,810 A. C. Avila2572328%$208,298 SAHARA SKY RETURNS IN GRADE II KONA GOLDGOOD POST FOR MASOCHISTIC IN KONA GOLDTHEATRE STAR WORKING WELL FOR COMEBACKESPINOZA: AMERICAN PHAROAH ‘AMAZING’ HORSEMIKE LUZZI TO RECEIVE WOOLF AWARD SUNDAYWARREN‘S VENEDA PREPS FOR GRADE I VANITY Philip D’Amato8019121324%$920,270 Michael Pender5288615%$217,900 Mark Casse62106816%$802,986 Victor Espinoza18535352619%$2,437,156 John Sadler14022191816%$1,473,100 SANTA ANITA STATISTICS Richard Baltas821714721%$740,135 SAHARA SKY SET TO CATCH THE SPEED IN KONA GOLDWith speed, speed and more speed on paper in Saturday’s Grade II Kona Gold Stakes, stretch-running Sahara Sky is primed to pick up the pieces in the 6 ½ furlong race for older horses that offers $200,000 in prize money.“He’s ready,” Dan Ward, assistant to Jerry Hollendorfer, said of the 7-year-old Pleasant Tap horse owned by Hollendorfer and the Sweetwater Stable of former trainer Kim Lloyd.“He’s not a fast worker, but he has two 13s (six furlong drills in 1:13, handily from thegate on March 28 and six furlongs in 1:13.20 on March 22), and that’s a good work for him.”On Sunday, Sahara Sky worked six furlongs in 1:16.“There are six other speed horses in there, but you know what happens,” Ward cautioned. “You look at an overnight and it looks like there are four speed horses, and somebody will go 23 and 46 by himself, so you never know.“But the horse is doing very well.”Sahara Sky, winner of the Grade I Metropolitan Mile in 2013, has earnings of $1,145,578 with eight wins, four seconds and four thirds from 21 starts. The Kona Gold: Spirit Rules, Iggy Puglisi, 8-1; Caminetto, 8-1, Martin Garcia; Seeking the Sherif, Kayla Stra, 4-1; Sahara Sky, Rafael Bejarano, 5-2; San Onofre, Alex Solis, 3-1; Masochistic, Tyler Baze, 2-1; and Ankeny Hills, Edwin Maldonado, 12-1. THEATRE STAR SHORTENS UP IN LAS CIENEGAS STAKESTheatre Star is cutting back in distance after 10 career starts at a mile or longer when she runs in Saturday’s Grade III, $100,000 Las Cienegas Stakes for older fillies and mares at about 6 ½ furlongs on turf. It will mark her first start in six months.The 5-year-old War Front mare trained by Tom Proctor for Glen Hill Farm has four wins, but seeks her first stakes score Saturday. Drayden Van Dyke, who has ridden the bay three times, has been aboard for her recent drills.“She’s working lights out and Tom knows where to put his horses,” said the Eclipse Award-winning apprentice rider of 2014. “If he thinks she belongs in that spot, I think she does. I hope for a nice, clean break and a nice trip to give her the best chance possible.”The field for the Las Cienegas: Theatre Star, Drayden Van Dyke, 8-1; Home Journey, Rafael Bejarano, 4-1; Living the Life, Flavien Prat, 9-2; Salsita, Felipe Valdez, 50-1; Blingismything, Elvis Trujillo, 4-1; Go West Marie, Gary Stevens, 2-1; Unforgettable U, Edwin Maldonado, 20-1; and Heavens Stairway, Tyler Baze, 5-2.‘PHAROAH’ SPEAKS VOLUMES TO ESPINOZAAmerican Pharoah will try to trump stablemate Dortmund in their running battle of one-upmanship in Saturday’s Grade I, $1 million Arkansas Derby at Oaklawn Park.Regular rider Victor Espinoza will be aboard the son of Pioneerof the Nile owned and bred by Ahmed Zayat.“He’s an amazing horse,” Espinoza said of the bay colt trained by Bob Baffert. “He’s improving all the time and every time I ride him I learn something new and different that shows me how amazing he is.“He has everything a horse needs to win the Kentucky Derby.”Espinoza should know. He won his first Run for the Roses in 2002 on War Emblem for Baffert, and captured the Derby last year on eventual Horse of the Year California Chrome. Mike Smith11422221719%$2,546,971 Peter Miller15729271918%$1,438,956 James Cassidy71981213%$396,690 Hector Palma3575220%$191,100 Edwin Maldonado12518121414%$614,204 Agapito Delgadillo5066512%$166,238 Flavien Prat15216182011%$930,344 Mark Glatt8314161217%$619,602 Steve Knapp4072318%$289,197 Felipe Valdez9213121614%$428,337 FINISH LINES: Streaking stakes winner Warren’s Veneda, prepping for the Grade I Vanity Stakes on May 9, worked five furlongs at 6:30 Friday morning in 1:00.40 under exercise rider Manny Rotela for Craig Lewis. Asked if he was happy with the drill, Lewis said, “Everything about her makes me happy.” . . . Gusto Dolce, stablemate of 1-5 morning line choice Beholder in today’s Santa Lucia Stakes, was one of three scratches in the 1 1/16-mile race. “She hit her head in her stall and there was blood in her nose,” said trainer Richard Mandella, displaying a picture of the mishap on his iPhone . . . Joe Talamo is recovering in Palm Springs from a sore right shoulder suffered when his mount, Sensitively, fell after the finish of Sunday’s Santa Paula Stakes. Agent Scotty McClellan said the 25-year-old Louisiana native would resume riding next Thursday . . . Trainer David Hofmans passed on today’s Maker’s 46 Mile at Keeneland with Home Run Kitten and now will point to the Grade III San Simeon Stakes at about 6 ½ furlongs on turf April 19 . . . Safety Steward Luis Jauregui is well-satisfied with the innovation several months ago that announces the location of loose horses on the track during morning workouts. “It’s really important,” said Jauregui, a former jockey, “because when you’re on a horse, you hear the sirens (warning of a loose horse), but you don’t know where the horse is. By announcing it over the PA system, it gives the riders on the track a chance to look up and see where the incident happened. We started this at Santa Anita. I approached (President) Tom Ludt and he jumped right on board and said, ‘Let’s do it.’” Jauregui ended his career in style, going out on a winner at Hollywood Park in December of 2006 on a horse named Charming Dot trained by Roger Stein. “I’ll never forget that,” Jauregui said. “It paid $160 to win.” . . . On Sunday, April 19, Santa Anita celebrates Hispanic music and culture with a Latin music festival in the Infield. Enjoy Los Ramones and other top musical acts for concert admission of just $5. Parking is free through Gate 6 . . . John DeSantis of Xpressbet.com, and TV host/analyst Peter Lurie,will be Tom Quigley‘sguests Saturday and Sunday, respectively,11:20 a.m., in the East Paddock Gardens . . .Today’s Santa Lucia Stakes trophy will be presented by Anthony Barr. A 2013 Consensus All American at UCLA, Barr was the No. 9 pick in the first round of the 2014 draft by the Minnesota Vikings, for whom he is currently a starting outside linebacker. Gary Stevens9817141817%$1,534,828 JockeyMts1st2nd3rdWin%Money Won Corey Nakatani11419111617%$933,348 Brandon Boulanger11565105%$213,346 Gonzalo Nicolas936546%$152,546 Joseph Talamo25527274311%$1,875,618 (Current Through Thursday, April 9) Richard Mandella6915101322%$944,646 Mario Gutierrez112101699%$554,602 Doug O’Neill18323162513%$1,113,242 Aaron Gryder8861187%$431,950 TrainerSts1st2nd3rdWin%Money Won Elvis Trujillo23126322311%$1,501,840 Jack Carava53710813%$222,870 MIKE LUZZI TO ACCEPT WOOLF AWARD SUNDAYMike Luzzi will accept Santa Anita’s 2015 George Woolf Memorial Jockey Award in a Winner’s Circle ceremony after the sixth race on Sunday.Sidelined because of a broken leg and a fractured pelvis sustained in a paddock accident last Nov. 2 at Aqueduct, Luzzi has undergone reconstructive surgery and is going through rehabilitation for a return to the saddle at some point this year.Presented annually by Santa Anita since 1950, the Woolf Award is one of the most coveted honors in racing, as it recognizes riders whose careers and personal character have earned esteem for both the individual and the sport of Thoroughbred racing.Luzzi, who has won 3,420 career races, is expected to be accompanied by his wife, Tania, and children Larue and Lane. Eddie Truman2373230%$325,690 MASOCHISTIC MAY RATE FOR ELLIS IN KONA GOLDThe only time Masochistic didn’t make the lead or wasn’t in front at any point in the race came in his first start, March 15, 2014, when he finished fifth, beaten 4 ¼ lengths.The 5-year-old California-bred son of Sought After won four of five subsequent starts, each time in front-running fashion, all under the aegis of trainer A. C. Avila.Purchased privately following his most recent start by Samantha Siegel and now trained by Ron Ellis, Masochistic is favored at 2-1 on the morning line to capture Saturday’s Kona Gold Stakes, although there are several other speed horses in the race.Asked if he had to be on the lead to win, Ellis said, “I hope not, because it’s kind of one dimensional. He drew a good post to be able to kind of adapt to whatever goes on. We’ll see how the break goes and see what Tyler (Baze) thinks.“I would hope he can rate a little bit. He’s been good since I’ve had him. He’s been working great.” Mike Puype10712151511%$525,346 Tiago Pereira1251791514%$503,732 MEET, GREET UNBEATEN DORTMUND AT TOC CLINIC TOMORROWAs a special bonus, all attendees at Saturday’s TOC Conformation Clinic will get an up-close look at undefeated Santa Anita Derby winner and Kentucky Derby contender Dortmund at the barn of Hall of Fame trainer Bob Baffert, who has graciously agreed to bring the towering colt out for viewing during the morning’s program.The Conformation Clinic starts 10 a.m. at Santa Anita’s Top o’ the Stretch. The workshop, which is intended to help participants develop an “eye” for a horse, will be co-hosted by trainers Dan Blacker, Matt Chew, Mike Machowsky and Howard Zucker.There is still time to register for the event by calling (626) 574-6620. Drayden Van Dyke21623262511%$1,466,663 Steven Miyadi4496620%$304,820 Jeff Bonde38102426%$381,976 Ron Ellis63145922%$481,840 Brice Blanc6173511%$339,980 Santiago Gonzalez13317152013%$751,634 Jerry Hollendorfer16930222418%$3,292,688 Bob Baffert11026191424%$2,952,602 Fernando Perez2041824259%$867,618 -30-
Colin Kaepernick can’t get signed to play quarterback in the NFL, but he has become a player in a congressional race in Minnesota.Last week Donald Trump injected himself into the 1st Congressional District race being contested by GOP candidate Jim Hagedorn and Democrat Jim Feehan (Republican incumbent Tim Walz is vacating the seat to run for governor). Speaking in support of Hagedorn, Trump told the crowd in Rochester, among other things, “We are standing proudly for our national anthem.”Even …
Juventus goalscorer Higuain: We won with great character and determinationby Carlos Volcano18 days agoSend to a friendShare the loveJuventus goalscorer Gonzalo Higuain was delighted with the manner of victory over Inter Milan.The Argentine came off the bench to score the winner in the 2-1 triumph.“It was a great game from Juve. Inter were the most solid side in the league, they had won six out of six,” Pipita told Sky Sport Italia.“We played with great character and determination. I am glad we took it home.“This is a great start to the season, but it’s still early and we want to fight on all fronts.” About the authorCarlos VolcanoShare the loveHave your say
Barcelona coach Valverde pleased with De Jong after victory over Eibarby Carlos Volcano5 days agoSend to a friendShare the loveBarcelona coach Ernesto Valverde was happy with Frenkie de Jong’s performance after victory over Eibar.De Jong played a key part in the victory and was applauded off by the home fans when he was substituted.”He’s having a great start to the season,” Valverde said about the midfielder.”We’ve seen that he gives us a lot for the strength that he has, as much in attack as in defence.”This is why the crowd recognised him.” About the authorCarlos VolcanoShare the loveHave your say
LEAVE A REPLY Cancel replyLog in to leave a comment Advertisement Twitter Advertisement Login/Register With: The Jason Reitman feature Tully starring Charlize Theron and Mackenzie Davis is expected to wrap up production in Vancouver next week.The comedy written by Diablo Cody, who won an Oscar for penning the Vancouver-filmed Juno, also directed Reitman, centres on Theron, a mother of three, who is gifted a night nanny (Davis) by her brother.Reitman, son of Hollywood legend Ivan Reitman (Ghostbusters, Stripes, Animal House), celebrated his 39th birthday on Thursday in Vancouver and received an on-set visit from his parents. Facebook Advertisement
TORONTO – Canada’s main stock index soared as the loonie fell after the governor of the Bank of Canada signalled in a speech it would be taking a more cautious approach on any future rate hikes.The Toronto Stock Exchange’s S&P/TSX composite index climbed 135.54 points to 15,609.66 on the strength of broad-based gain that saw all major sectors, excluding gold, push ahead.The Canadian dollar was trading at an average price of 80.57 cents US, down 0.27 of a cent.Central bank governor Stephen Poloz stressed Wednesday there’s no prearranged route for further interest rate hikes after the sizzling national economy motivated him to raise the rate once in July and again earlier this month.The speech marked the first public comments by Poloz since the bank drew criticism for its communications approach ahead of the September hike, which caught many forecasters off guard.“So the major changes in his tone were that he’s going to monitor very closely movements in the long-term rates,” said Macan Nia, a senior investment strategist at Manulife Investments.“And I think the one line that really stuck out for market participants was that he said there’s no predetermined path for interest rates. As a result you saw the Canadian dollar sell off and you saw the TSX rally.”Nia said Poloz’s announcement was a primary driver for financials in particular. Also helping the TSX, he added, was the continuation of positive news about oil markets and a “bullish oil sentiment” over the past couple of weeks.The November crude contract was up 26 cents to US$52.14 per barrel.On the corporate front, Bombardier Inc.’s (TSX:BBD.B) shares lost more than seven per cent to close at $2.10 as investors weighed the prospect of a 220 per cent duty on U.S. sales of its flagship CSeries passenger jets and the European merger of two railway rivals.South of the border, New York stock indices jumped after a U.S. Labor Department report showed business investment rose in August for the second month in a row. Investors hope that means U.S. manufacturing is getting stronger as the global economy continues to improve.The Dow Jones industrial average was up 56.39 points to 22,340.71. The S&P 500 index added 10.20 points to 2,507.04 and the Nasdaq composite index advanced 73.10 points to 6,453.26.Investors also eyed a proposed tax plan by President Donald Trump and congressional Republicans that cuts tax rates for individuals and corporations, reduces the number of personal tax brackets, and nearly doubles the standard deduction used by most Americans. They propose to cut the top corporate tax rate to 25 per cent from its current 35 per cent.However, with months of negotiations likely ahead and many key details missing, it’s not clear what kind of plan might ultimately pass.“With the long-anticipated Trump tax reform package, you saw markets didn’t react either way immediately,” said Nia. “It’s short on details.”Elsewhere in commodities, the December gold contract was down $13.90 to US$1,287.80 an ounce.The November natural gas contract gained six cents to US$3.06 per mmBTU and the December copper contract edged up a penny at US$2.93 a pound.– With files from The Associated Press.Follow @DaveHTO on Twitter.