Canada Beats Usa In Olympic Warmup

CANADA STOCKS-TSX flat with eye on U.S. budget talks; golds weigh

Currency, Bonds Canadas dollar strengthened 0.1 percent to C$1.0386 versus its U.S. counterpart at 12:03 p.m. in Toronto. One Canadian dollar buys 96.28 U.S. cents. Government benchmark two-year bond yields were unchanged at 1.20 percent. The participation rate fell to 66.4 percent from 66.6 percent, reaching the lowest since February, 2002. That development is very disappointing, Watt said in an e-mail. I would have thought that more would have been getting drawn back into the labor force, he said. Instead the labor force is not keeping pace with the population. The jobs number confirm the softening trend in the domestic economy, said David Tulk, chief Canada macro strategist with TD Securities in Toronto. Todays data probably wont have major implications for the Bank of Canada, he said. Full-time employment rose by 23,400 in September and part-time work fell by 11,500 positions. Private companies added 73,600 workers and public-sector employment fell by 16,300. Remains Positive The report shows the overall long-term trend in Canada remains positive, Finance Minister Jim Flaherty said in an e-mailed statement. Not only were more jobs created in September, but we saw solid gains in the private sector and in full-time employment. Finance, insurance real estate and leasing led the job gains by industry with an increase of 33,200 in September.

Canada’s women’s hockey team holds off U.S. in first game of exhibition series

budget talks; golds weigh Financials Fri Oct 11, 2013 4:32pm EDT * TSX edges down 2.30 points, or 0.02 percent, to 12,892.11 * Five of 10 main sectors advance * Potash slips after cut in profit forecast * Barrick, Goldcorp weigh the most on market By Solarina Ho TORONTO, Oct 11 (Reuters) – Canada’s main stock index was little changed on Friday with investors awaiting a resolution by U.S. lawmakers to end a federal government shutdown and overall market action muted ahead of the Canadian Thanksgiving long weekend. A drop in gold producers and a decline in Potash Corp of Saskatchewan Inc, after the fertilizer company cut its profit forecast for the third quarter, weighed on the market, offsetting some of the optimism around a possible deal being reached in Washington. “The TSX is of course adversely affected today by the drop in precious metals in particular … you also had that announcement by Potash pre-warning,” said David Baskin, portfolio manager and president of Baskin Financial Services “Add that all up, and that’s why Canada is not following the U.S. uphill.” After recording its biggest jump in three months in the previous session, the Toronto Stock Exchange’s S&P/TSX composite index finished the session down 2.30 points, or 0.02 percent, at 12,892.11. President Barack Obama and congressional Republican leaders worked to end their fiscal impasse on Friday but struggled to strike a deal on the details for a short-term reopening of the government and an increase in the U.S. debt limit. Failure to raise the borrowing limit would have serious repercussions for the fiscal standing of the United States, the world’s biggest economy, and for markets and economies of the United States and other nations worldwide. Investors, who are also looking ahead to the start of the earnings session soon, hesitated to make calls until there was certainty about a resolution to the crisis. “We’re certainly sitting on the sidelines,” said David Cockfield, managing director and portfolio manager at Northland Wealth Management.

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“We kind of floundered a little bit early on but we’ll get there,” Stone said. “The good news is we came on as the game went on. We scored two goals, we put a ton of pressure on them at the end We need to start faster.” Canada had the edge in offensive zone time in a scoreless first period, netted two goals in the second and pushed the lead to 3-0 early in the third. The USA broke through with a two-player advantage power play goal at mid-third, cut the deficit to one with 5:31 remaining and drove hard to the finish. Those final minutes included not only several good USA chances but a skirmish that earned two players on each team five-minute roughing majors and game misconducts after USA forward Jocelyne Lamoureux collided with Canada goalie Shannon Szabados at 16:53. Szabados sprawled on the ice and her teammates came to her defense, setting off a lengthy tussle in the corner. “It happens from time to time,” said longtime Canadian team member Hayley Wickenheiser of the scuffle, recalling a 2010 incident. In the first period, Canada had a 5-4 edge in shots that failed to reflect its territorial control. The USA’s game was disjointed but the Americans’ speed still led to a couple of quality chances that Szabados (15 saves) rejected. Ouellette sent Canada into a 1-0 lead at 4:16 of the second, converting Jayna Hefford’s cross-slot power play pass. Only 1:21 later, Bailey Bram knocked in Canada’s second goal during a goal-mouth scrum. MORE: Men’s Olympic hockey tracker Meanwhile, the Canadian team defense ramped up its play, effectively blunting any USA attack by hindering breakouts, smothering rushes and blocking shots. Until a late power play, the U.S. put one shot on goal during an earlier player-advantage. The extent of Canadian domination was reflected not only in the two goals but the 12-2 shot advantage in the second period and 17-6 through 40 minutes.

Canada Jobless Rate Hits Lowest Since 2008 on Youth Dropouts (2)

The Americans defeated Canada 3-2 in Ottawa this year to reclaim the world title. Canada’s head coach Dan Church had that loss at the worlds in mind after the win Saturday. “I think we wanted to set the tone here for the series,” he said. “We also wanted to have a little redemption based on our last game. I think that’s the way it’s going to go for both teams as we move through this year. No one’s going to want to let the other one get up too many, so it was a good start for us.” The game ended in a brawl. A U.S. player clipped Canadian goaltender Shannon Szabados outside her crease with just over three minutes left, sparking the fight with all 10 skaters squaring off. Two players from each team were charged with major penalties for roughing and game misconducts. “We had a similar scrap in 2010, so I guess we have one every Olympic cycle to get it out of our system,” said Hayley Wickenheiser. “It was kind of fun to see, and it brought a lot of intensity to another dog fight with these guys.