Energy sector weighs on Toronto stock index as crude oil prices tumble

TORONTO – Toronto’s main stock index fell Monday amid tumbling oil prices as tropical storm Harvey wreaked havoc on energy markets.The S&P/TSX composite index slipped 3.96 points to 15,052.03, with lower shares of oil and gas companies weighing heavily after widespread flooding in Texas forced many refineries on the Gulf Coast to shut down.Surging gold, materials and base metals stocks weren’t enough to overcome the downward pressure from the energy sector.The October crude contract shed $1.30 to US$46.57 per barrel while the December bullion contract climbed $17.40 to US$1,315.30 an ounce.“We’re seeing weakness in crude oil prices, which is really a reflection of the fact that with so many refineries off-line (in Texas) the demand for the feedstock — that being oil — is down a little bit,” said Craig Fehr, a Canadian markets strategist at Edward Jones in St. Louis.“On the flip side we are seeing a lift in gold prices, which I think is largely a function of the weakness in the U.S. dollar, as opposed to gold surging as some sort of a safe haven trade.”Fehr said a carry-over trend from last week was Federal Reserve Chair Janet Yellen’s lack of specific, hawkish tone about future U.S. policy at an annual meeting of central bankers, economists and policy makers in Jackson Hole, Wyo.“That really took some of the lustre off the greenback,” he said.The Canadian dollar advanced 0.07 of a U.S. cent, trading at an average price of 80.12 cents US.On Wall Street, major indexes were relatively flat, but mixed.The Dow Jones industrial average dropped 5.27 points to 21,808.40, the S&P 500 index inched up 1.19 points to 2,444.24, and the Nasdaq composite index advanced 17.38 points to 6,283.02.Elsewhere in commodities, the October natural gas contract was up four cents to US$2.96 per mmBTU and the September copper contract was up three cents to US$3.06 a pound.Follow @DaveHTO on Twitter. Energy sector weighs on Toronto stock index, as crude oil prices tumble by David Hodges, The Canadian Press Posted Aug 28, 2017 9:28 am MDT Last Updated Aug 28, 2017 at 3:20 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more

Teenager clings to her horse as its hounded by out of control

first_imgThe dog Rottweiler horse riding The Rottweiler hounding Mrs Smith’s horseCredit:Caters She said: “A horse’s reaction is to flee danger and that’s what Ella’s was trying to do. There was nothing that could be done because we usually stop and stand to let dogs pass, but because it was at the horse’s legs, it wouldn’t stand still.“These incidents happen quite often where dogs are out-of-control near the horses. It was scary for my daughter. As soon as the dog got close, her horse was up in the air on two legs.”Mrs Smith, 40, has been a victim of a similar previous incident when a dog ran at her horse causing her to fall and leaving her with broken ribs.During the Rottweiler incident, which Mrs Smith filmed, she says the dog’s owner couldn’t hear her screams as their horses were harassed. Mrs Smith added: “It’s a worry for horse riders when you come across dogs off-lead because you never know how they or the horses are going to behave. I usually shout ‘the horse will kick’ and give the owner time to put their dog on a lead while we stop and stand.” A mother has shared footage of the terrifying moment her daughter was accosted by a snarling Rottweiler while out horse riding.Tracy Smith can be heard desperately screaming for the dog’s owner to control the pet as her daughter Ella clung on during the three-minute ordeal in Oxford.Fortunately Ella, 14, is an experienced rider and was able to stay mounted. However Mrs Smith has called for dog-owners to be more responsible when their pets are around horses. Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings. Dog-owners are advised to train a reliable recall for their pets or keep them on a lead when a horse is nearby. 14-year-old Ella chased by ‘out of control’ Rottweiler Credit:Caterslast_img read more