The province is taking another critical step towards renewing Nova Scotia’s public health system today, Aug. 23, announcing Dr. Robert Strang as Nova Scotia’s first chief public health officer. Creating the position was one of the fundamental recommendations in the 2006 report called The Renewal of Public Health in Nova Scotia: Building a Public Health System to Meet the Needs of Nova Scotians. The province has already implemented one of the main recommendations in the report by establishing the Department of Health Promotion and Protection in February 2006. “Dr. Strang is the right person to lead the renewal of the public health system,” said Barry Barnet, Minister of Health Promotion and Protection. “He has the passion, skills and leadership necessary to take on this exciting opportunity.” The chief public health officer will provide leadership in the planning, design, development, co-ordination and ongoing management of Nova Scotia’s public health system. This includes health promotion, health protection, surveillance, population health assessment and disease and injury prevention. Mr. Barnet also regrets to announce that Dr. Jeff Scott has decided to leave, effective Sept. 4, as chief medical officer of health. Dr. Strang will then be acting chief medical officer of health in the interim. “I would like to thank Dr. Scott for his years of dedicated service to the people of Nova Scotia and to our province’s public health system,” Mr. Barnet said. Dr. Strang, a community medicine specialist, received his medical training at the University of British Columbia, where he also received a bachelor of science and bachelor of physical education. From 1999 to 2007, Dr. Strang was the medical officer of health for Capital Health in Halifax. Since January, he has been the acting deputy chief medical officer of health for Nova Scotia.
TORONTO — The Toronto stock market registered a three-digit loss Wednesday as investors searched for some direction, despite easing tensions in Ukraine and cautious signs of a rebound in the U.S. manufacturing sector.Here are the closing numbersTSX — 14,184.10-115.39 -0.81%S&P 500 — 1,852.56-13.06 -0.70%Dow — 16,268.99-98.89 -0.60%Nasdaq —4,173.58-60.69 -1.43%The S&P/TSX composite index fell 115.39 points to 14,184.10, dragged down by the metals and mining, materials and gold sectors. The Canadian dollar gained 0.61 of a cent to 90.22 cents US.The U.S. Commerce Department says orders for durable goods rose in February by the largest amount in three months, helped by solid gains in demand for airplanes and cars. The increase amounted to a 2.2% jump last month, compared with a 1.3% drop in January.But the report wasn’t all good news, as the U.S. Commerce Department reported that a key category that reflects business investment fell 1.3%, the second setback in three months.It’s believed the weakness in business investment may have been due to the severe winter conditions in the U.S. last month, which could have caused some firms to put modernization and expansion plans on hold.U.S. markets were in negative territory as the Dow Jones industrials fell 98.89 points to 16,268.99, the Nasdaq shed 60.69 points to 4,173.58 and the S&P 500 index dipped 13.06 points to 1,852.56.King Digital Entertainment — the maker of the popular mobile game “Candy Crush Saga” — launched its IPO on Wall Street Wednesday but was not met with as much enthusiasm as anticipated. Prior to the debut, shares had been priced at US$22.50 but opened at US$20.50 and ended the day at US$19.Some analysts have questioned whether the Irish company would be able to repeat the success of “Candy Crush,” which has been far more successful than any of its other games.With earnings already reported by most major companies, the markets are taking a pause, observed Stephen Lingard, co-lead portfolio manager with Franklin Quotential Portfolios.“The market is searching for direction,” he said. “You have energy that is positive, financials that are positive and a little bit of weight from the gold sector.”On the Toronto Stock Exchange, most sectors declined, with the gold taking on the biggest losses sustained with a drop of 4.58%.June gold bullion contract fell $8 to US$1,303.40 an ounce, while May copper contract fell four cents to US$2.97 a pound. Oil gained $1.07 to US$100.26 a barrel on the New York Mercantile Exchange.In corporate news, Bombardier Inc. (TSX:BBD.B) says it has signed a deal to sell two water bombers used to fight forest fires to the Newfoundland and Labrador government for US$73.7 million. It also said it will be delaying the first flight of its new Learjet 85 business jet because of an undisclosed systems issue that will require a software update.Bombardier shares fell nine cents or 2.18% to $4.04.Shares in Pembina Pipeline Corp. (TSX:PPL), climbed Wednesday after it was announced that the Calgary energy company will be added to the S&P/TSX 60 next month. The list contains 60 large-cap Canadian companies in various industries. Stocks climbed more than 3%, or $1.30, to close at $41.40.Meanwhile, BlackBerry (TSX:BB) chief executive John Chen says he’s taking legal action against an unnamed person who allegedly stole confidential details about a future BlackBerry product and leaked them to the public. Its shares dipped 29 cents or 2.78% to $10.15.Meanwhile, shares in Capstone Mining charged ahead 5%, or 14 cents, to $2.87 after the Vancouver company announced it has extended the life of its Pinto Valley copper mine in Arizona by eight years to 2026. TOP STORIESBlackBerry CEO seeks to stomp out ‘distracting’ and ‘misleading’ product leaksFresh blow for Bombardier as software glitch delays Learjet 85’s first flight indefinitelyJapanese fashion giant Uniqlo in talks to open stores in Canada in 2016, sources sayCandy Crush maker King Digital’s shares plunge 15% in much-anticipated stock market debutWHAT’S ON DECK THURSDAYECONOMIC NEWSUNITED STATES8:30 a.m.Weekly jobless claims: Economists expect 325,000 new claims, up from last week Real GDP (Q4): Economists expect 2.7% growth annualized Corporate profits 10 a.m.Pending home sales: Economists expect 0.2% gain from month before, 9% decline year over year CORPORATE NEWSUNITED STATESAccenture Q2 earnings: Analysts expect US$1.04 a share Gamestop Corp. Q4 earnings: Analysts expect US$1.93 a share Red Hat, Inc. Q4 earnings: Analysts expect 37¢ a share CANADALululemon Athletica Inc. Q4 earnings: Analysts expect 71¢ a share
by Linda Nguyen, The Canadian Press Posted May 15, 2017 9:33 am MDT Last Updated May 15, 2017 at 4:00 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email TSX, Wall Street kick off trading week with broad gains, as oil climbs TORONTO – Major stock indices in Canada and the United States finished higher Monday as investors seemed to shrug off a number of emerging geopolitical risks.In Toronto, the S&P/TSX composite index climbed 91.59 points to 15,629.47, helped largely by a one per cent jump from the energy sector.Investors were buoyed amid news that OPEC’s most influential member, Saudi Arabia, and non-OPEC member Russia have both said they want to extend oil production cuts through the first quarter of 2018 — in a move the two major producers say would support the market price.The two countries say they plan on meeting with other producers to get them on board with the agreement before the scheduled OPEC meeting May 25 in Vienna.In late November, OPEC agreed to cut production by 1.2 million barrels per day, the first such reduction agreement since 2008. The following month, 11 non-OPEC oil-producing countries pledged to cut another 558,000 bpd, bringing the overall reduction to 1.8 million bpd.The move is an effort by oil producers to boost prices, as crude futures trade around US$50 a barrel, less than half their level from early 2014, though above the low of below US$30 in early 2015.Canadian markets strategist Craig Fehr said this news will help decrease volatility in crude prices.“It looks like there is some stability in oil prices in the near term and it’s going to come from the fact that major producers overseas appear to be committed to trying to prop up prices,” said Fehr, who works at Edward Jones in St. Louis.The June crude contract was up $1.01 at US$48.85 per barrel, but the June natural gas contract was down eight cents at US$3.35 per mmBTU.The higher oil price helped the Canadian dollar, which finished 0.39 of a U.S. cent higher to an average value of 73.31 cents US.Other commodities were also positive as the June gold contract climbed $2.30 at US$1,230 an ounce and the July copper contract was up two cents at US$2.54 a pound.In New York, the Dow Jones industrial average gained 85.33 points to 20,981.94.The broader S&P 500 index added 11.42 points at 2,402.32, while the tech-heavy Nasdaq composite index was ahead 28.44 points to 6,149.67 — both finishing with record closes.Fehr said markets seemed to be ignoring the growing geopolitical risks from a “ransomware” cyberattack that spread to thousands of computers worldwide, to bubbling tensions between the U.S. and North Korea.Instead, investors are continuing to stay focused on fundamentals such as strong corporate earnings growth and economic data.“It’s been a little bit too quiet on the equity front. We’re due for a little more volatility because I don’t think equity markets are going to be willing to ignore these geopolitical risks forever,” he said.“The longer we go without any real drama on the equity markets, the more painful it is going to feel when we do get a pullback.”— With files from The Associated PressFollow @LindaNguyenTO on Twitter.