Metals and energy shares lead TSX higher as oil and gold prices

TORONTO — Rallying metals and energy shares led a broad-based advance on Canada’s main stock index today.The Toronto Stock Exchange’s S&P/TSX composite index was up 64.97 points to 15,807.17.In New York, the Dow Jones industrial average added 30.71 points to 22,871.72. The S&P 500 index inched up 2.24 points to 2,553.17 and the Nasdaq composite index gained 14.29 points to 6,605.80.The Canadian dollar was trading at an average price of 80.08 cents US, down 0.10 of a centThe November crude contract advanced 85 cents to US$51.45 per barrel and the November natural gas contract was up one cent at US$3.00 per mmBTU.The December gold contract rose $8.10 to US$1,304.60 an ounce and the December copper contract was up one cent to US$3.13 a pound. read more

Calgary Transit weighs lowincome seniors pass against discount fare

Calgary Transit weighs low-income seniors pass against discount fare Calgary Transit is looking to move towards income based fares that would means low-income seniors could pay quite a bit more to take the bus or train. The service has identified a need to gain $10-million a year in fare revenue to pay for planed service expansion. Under the proposal, low income seniors would see their $15-a-year pass unavailable to any new applicants, allowing instead the 50 per cent discount offered to all low income users of any age. That works out to about $44 per month under today’s pricing.The service would continue for anyone already in the program for as long as they lived in Calgary. The change is part of Calgary Transit’s Strategy and Structure proposal to be discussed with the City’s Standing Policy Committee on Wednesday. The report finds the city’s seniors demographic will more than double its makeup of Calgary’s population over the next 30 years, which would render the very low yearly discount rate unsustainable.The reports also notes, Calgary’s $15-a-year pass offered to low income seniors is the lowest among cities across the country.While all fare rates are expected to rise, the tax-subsidized discount for regular adult fares is expected to remain unchanged.A copy of the Transportation Report can be found here. by News Staff Posted Jun 14, 2014 7:46 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more