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Newspaper
Medicine Hat News
Location
Medicine Hat, Alberta, Canada
Date
Oct 30, 2012
Page
4
Toronto close shows S&P/TSX Composite up 12.45 to 12 312.75 while ISX Venture falls 9.41 to 1291.43 and TSX 60 rises 1.21. Dow Nasdaq and S P 500 closed due to hurricane Sandy with currencies near 99.92 cents US and oil at 85.54 per barrel. Gold trades at 1708.70 an ounce and silver at 33 096 per ounce.
The Toronto Star said it will launch a digital subscription model next year joining peers The Globe and Mail and the National Post. Publishers seek new revenue as readers move online, eroding print ad revenues in favor of online ads.
Western observers criticized the parliamentary vote as biased against the opposition. OSCE noted abuses of power and money, lacked transparency in tallying, and cited the absence of jailed ex PM Tymoshenko as undermining Ukraine’s democratic progress.
Syria faced a large scale aerial campaign with scores of airstrikes across Aleppo Idlib and around Damascus amid a supposed four day cease fire that activists say killed more than 80 and left over 500 dead. Rebels blamed the regime for its heavy use of air power diminishing ground gains.
The Commerce Department reports September consumer spending rose 0.8 percent while personal income increased 0.4 percent, the strongest gains since early 2023. After inflation and taxes, income was flat, marking a third straight month of reduced saving as consumption sustains 70 percent of economic activity.
The Associated Press Economy Survey indicates the next president faces major threats to growth. Economists expect Europe’s continuing recession to curb U S exports and jobs, while budget battles in Congress raise the risk of tax rises and deeper recession next year.
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