Statistics Canada says manufacturing helps boost economic growth in November

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Statistics Canada says manufacturing helps boost economic growth in November

first_imgOTTAWA – Strength in manufacturing helped boost economic growth in November as the sector posted its largest monthly increase since February 2014.Statistics Canada said Wednesday real gross domestic product increased 0.4 per cent in November following a flat reading for October.The result matched the expectations of economists polled by Thomson Reuters.TD Bank senior economist Brian DePratto said equally important to the strength of growth was its breadth.Of the 20 industrial sectors tracked, 17 posted increases.“The Canadian economy fired on all cylinders in November: production resumptions led the way, but nearly all major sectors reported gains on the month, an encouraging sign,” DePratto wrote in a report.The Bank of Canada raised its key interest rate target earlier this month on the back of a string of unexpectedly solid economic data. It was the third rate increase since last summer.“Looking through monthly volatility, though, the GDP numbers add to the evidence that the Canadian economy as a whole continues to grow at a modestly ‘above-potential’ pace even as it increasingly looks to be operating at or beyond its long-run capacity,” Royal Bank senior economist Nathan Janzen wrote.The growth in November came as goods-producing industries rose 0.8 per cent boosted by the manufacturing sector and mining, quarrying and oil and gas extraction.The manufacturing sector gained 1.8 per cent in November as non-durable manufacturing rose 1.1 per cent while durable manufacturing increased 2.5 per cent.Mining, quarrying, and oil and gas extraction increased 0.5 per cent.Meanwhile, services-producing industries climbed 0.3 per cent, led by the real estate and rental and leasing, wholesale and retail trade sectors.Real estate and rental and leasing rose 0.4 per cent in November while retail trade gained 0.6 per cent and wholesale trade rose 0.5 per cent.last_img read more

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Govt curtails sale period of electoral bonds in May to 5 days

first_imgNew Delhi: The government on Wednesday curtailed the time period for sale of electoral bonds by the SBI in the current month to only 5 days from May 6, instead of 10 days as was announced earlier.The government, however, did not give any reason for reducing the time period for sale of electoral bonds. “The Government of India has now decided to restrict the next phase of Electoral Bonds sale to May 6, 2019 to May 10, 2019 (instead of May 6, 2019 to May 15, 2019 scheduled and notified earlier),” a finance ministry statement said. Ahead of the general elections, the government in February had announced that electoral bonds will be sold in three tranches from March 1-15, April 1-20 and May 6-15. The 7-phase general elections, which begun on April 11, will continue till May 19 and counting of vote will take place on May 23. Meanwhile, the Supreme Court is hearing a petition by NGO ‘Association of Democratic Reforms’ which had prayed that the issuance of electoral bonds be stayed or the names of donors be made public. The Supreme Court last month had asked political parties to furnish by May 30 all the details of funds received through electoral bonds to the Election Commission in a sealed cover. The government had brought in electoral bond scheme as an alternative to cash donations made to political parties as part of its efforts to bring transparency in political funding. The State Bank of India (SBI) has been authorised to issue and encash electoral bonds through its 29 authorised branches, in cities like New Delhi, Mumbai, Kolkata, Chennai, Gandhinagar, Chandigarh, Ranchi, and Bengaluru. The electoral bonds will be valid for 15 calendar days from the date of issue and no payment will be made to any payee political party if the bond is deposited after expiry of the validity period. The electoral bond deposited by an eligible political party in its account will be credited on the same day.last_img read more

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The March Of The Penguins Shouldnt Be This Difficult

It wasn’t easy, but the Pittsburgh Penguins kept their bid for a second-consecutive Stanley Cup alive on Thursday night, surviving the surprising Ottawa Senators with a double-overtime win in Game 7 of the Eastern Conference finals. On paper, there was little reason to think the Sens would pose much of a threat to the defending champs, let alone take them into the 85th minute of Game 7. But that’s the way things have been for Pittsburgh all playoffs long.Chris Kunitz’s game-winning goal saved Pittsburgh from what would have been the biggest conference-finals upset since 1996, when the Florida Panthers knocked off a very different version of the Penguins. According to Hockey-Reference.com’s Simple Rating System (SRS), Pittsburgh ranked fourth in the league during the regular season (0.59 goals per game better than average), while Ottawa ranked a distant 18th (0.01 goals per game below average).1In 1996, the Pens ranked third and the Panthers ranked eighth, though the gap between the two teams — 0.6 goals — was just as big as the gap between Pittsburgh and Ottawa this season.It was the second series in a row that Pittsburgh has been taken the distance by its opponent, after Washington pushed them to seven games in the conference semifinal. To their credit, the Penguins weathered each onslaught; they even outgunned the Sens by 45 combined shots in the East final, including 49 over the series’ final four games. But Pittsburgh has also been living dangerously. Its even-strength possession metrics over the entire playoffs are not as good as they were during last year’s run to the Cup final, nor do they compare well with the postseason numbers of the Penguins’ upcoming opponent, the Nashville Predators.The Preds didn’t play particularly great hockey during the regular season — they ranked 13th in SRS (in part because brilliant defenseman P.K. Subban missed 16 games with an injury). But they’ve saved their best work for the playoffs, where they rank second in possession rate (Pittsburgh is 12th out of 16 teams) and first in SRS2Playoff SRS is calculated by adjusting each team’s playoff goal differential for the regular-season SRS ratings of the teams they’ve played, with a home-ice advantage adjustment to account for where each game was played. (Pittsburgh is second). Pittsburgh was better in the regular season, but Nashville’s been the hotter team of late.So which situation would you rather be in, heading into next week’s series? Intuition might say it’s better to be the comparatively less worn-down Preds, rolling with the more impressive postseason stats. But history suggests otherwise. Going back to 1988,3The earliest season of data in Hockey-Reference’s indispensable game finder tool. there have been 14 cases in which one Stanley Cup finalist had the better regular-season SRS, but its opponent had the superior SRS in the playoffs leading up to the final.414 other times, SRS from both the regular season and postseason agreed who the better team was; those clear favorites won their series 79 percent of the time. Of those, the better regular-season team won the Cup nine times (64 percent). And that’s not even considering that the Penguins’ regular-season edge was slightly wider than the typical favorite’s, or that they’ll have home-ice advantage in the final.If we’ve learned anything about the Penguins these playoffs, it’s that they rarely make things easy. (And if we’ve learned anything about the NHL since 1998, it’s that repeating as a champion is really hard.) But a grueling, complicated postseason run isn’t necessarily a handicap in the Stanley Cup Final, if you’ve had a championship track record all season long. read more

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Defense confident without Coleman

Ohio State’s Big Ten season started favorably with a convincing 30-0 thrashing of Illinois on Saturday. The Buckeyes’ first conference test went smoothly despite unfavorable weather conditions.“I thought our guys did a good job of focusing on the task at hand, the Big Ten beginning,” coach Jim Tressel said at his weekly press conference. “We had a couple mistakes with the football, but for the most part I thought we did a good job of handling a game type that we hadn’t been in in quite some time.”The last time the Illini visited The Horseshoe they played the role of spoiler, as they defeated the then-ranked No. 1 Buckeyes 28-21. However, there would be no upset this season as the Bucks held their opponent scoreless for the second consecutive week, posting back-to-back shutouts for the first time since 1996.“Obviously our defense sets the tone,” Tressel said. “Even if the opposing team starts a couple first downs and so forth, they don’t panic. They just keep playing, come up to the play.”The score might have been decisive over Illinois, but Tressel doesn’t believe his team played mistake-free football in its first conference win. Only three players on offense and five on defense were graded as having “winning performances” by the coaching staff.“We enjoyed the decisiveness of the score, and the fact that it was a shutout was something you take tremendous pride in as a defensive football team, but we’ve obviously got a lot of work to do,” Tressel said.Although the Buckeyes (3-1, 1-0) were considered visitors when they traveled to Cleveland to play Toledo, they now prepare for their first real road test against Indiana (3-1, 1-0) Saturday night.Senior safety Kurt Coleman outSenior captain Kurt Coleman has been suspended by the Big Ten for Saturday’s game against Indiana after a late “helmet-to-helmet” hit on Illinois backup quarterback Eddie Mcgee. The suspension was handed down Monday by Big Ten officials. A joint statement was released following the suspension by athletic director Gene Smith and coach Jim Tressel that showed displeasure with the ruling. Losing a three-year starter and captain is never easy, but the Buckeyes will try to move forward despite losing their defensive leader.“Well, you can never look at losing a player as something that stops you in your tracks because guys sprain ankles, they twist knees, they pull hamstrings, they hurt elbows,” Tressel said. “You better have been getting ready the next guy at any position. So do you like losing guys? No. I think we’ve been pretty fortunate.”Tressel said Coleman took the decision like a man and will move forward. Anderson Russell and Jermale Hines will play at the safety spots this week. Sophomore Ohrian Johnson has also seen time at safety and should see more action in Coleman’s absence.Buckeyes’ stout defense vs. Indiana’s high-powered offenseThe Buckeyes’ defense had another strong performance against Illinois, forcing three turnovers and holding the Illini to 170 yards of total offense. After its second shutout, OSU turns its attention to Indiana and a Hoosiers offense that put up 467 yards against Michigan last week. After two solid defensive outings, the Buckeyes are preparing to be tested again.“Obviously they watch TV. They watch the highlights,” Tressel said of his team’s awareness of Indiana’s offense. “They see the facts and figures, and they saw that Indiana had every opportunity to win thier Big Ten opener and put up a lot of yards and made a lot of plays, so our guys went to work on that.”After struggling with Navy the first game of the season, the defense has been the strong point of the team thus far, and their success can be attributed to several factors.“I think it starts with good personnel. There’s no doubt about it,” Tressel said. “We have some veterans who have been there and grown and so forth. We have a little bit of depth, such that we can play 15 or 16 or 17 guys a week, but they prepare awfully hard.”Shotgun offense and running game spell successOSU’s offense looked a little different in the rain on Saturday, as most of its plays were run out of the shotgun. The Buckeyes used more spread formations and a formidable running game to control the clock for the win, despite having no passing yards in the first half. Running back tandem of Daniel “Boom” Herron and Brandon Saine, along with quarterback Terrelle Pryor’s rushing ability, accounted for 236 yards on the ground in what might be the Buckeyes’ new style of offense.“I think if you’re a defense, you’re a little more concerned about the quarterback as a runner when he’s in the shotgun, as opposed to having to go backward to run forward,” Tressel said. “The downside to the shotgun quite obviously is that when I’m under center I can have my eyes on those safeties all the time, and I know how they’re spinning their coverage, and I can get my post-snap reads.” OSU’s success on the ground will also open up its passing game, which has not been up to Tressel’s standards yet.“We haven’t completed as many passes, period, as I’d like to complete,” he said. read more

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20YearOld Killed In Head On Collision On Sterling Highway

first_imgPreliminary findings show the Hyundai crossed the center line divider and into the Ford’s lane.  The driver of the Hyundai was Moore. Facebook0TwitterEmailPrintFriendly分享The Soldotna Police Department and Central Emergency Services responded to the Sterling Hwy and Kleeb Loop for a report of a motor vehicle collision, yesterday morning, around 5:20 a.m. According to a press release from SPD, an investigation revealed a 2016 Hyundai was traveling south on the Sterling Hwy and struck a 2017 Ford F350 which was traveling north on the Sterling Hwy. The driver of the Ford, Erick S. Endecott, 39 of Soldotna, received minor injuries which did not need medical treatment.center_img According to CES Chief Dan Grimes there was one fatality as a result of the accident,  Jeffery T. Moore, 20 of Soldotna, died at the scene. Moore’s next of kin has been notified.  According to SPD Alcohol may have been a factor in the collision.last_img read more

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Mike Chenault Awarded KPBSD Golden Apple Award

first_imgGolden Apple nominator Sean Dusek: “It is with great pleasure that I nominate Mike Chenault for a KPBSD Golden Apple Award for his tireless support of public education in Alaska.” Facebook0TwitterEmailPrintFriendly分享Mike Chenault, Alaska House of Representatives, is a graduate of Kenai Central High School in the Kenai Peninsula Borough School District and now a recipient of a Golden Apple Award through KPBSD. He served on the KPBSD Board of Education before becoming a State Representative. His time in the State House of Representatives culminated in his election as Speaker of the House where he led Alaska in its strong support of public education. The Kenai Peninsula Borough School District Board of Education honored Mike Chenault, Alaska House of Representatives, for his dedication to the students of the school district, past, present, and future at their board meeting on Monday. Assistant Superintendent Dave Jones: “When Mike Chenault was elected to the House of Representatives for the State of Alaska, he took it upon himself to become highly informed and aware of the details involved with funding K-12 schools in Alaska. He learned about the intricacies of SB 36 (K-12 funding formula in place at that time) and the shortcomings and inequities it created.”last_img read more

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