Toronto stock market advances while loonie falls twothirds of a cent

Major North American indices made gains Friday, with those in New York setting record highs, as investors felt confident about the economy and the global political climate.The Toronto Stock Exchange’s S&P/TSX composite index gained 39.22 points to 15,857.22.In New York, all three indices reached new highs.The Dow Jones industrial average rose 165.59 points to 23,328.63 and the S&P 500 index advanced 13.11 points to 2,575.21. That’s the fifth consecutive record-setting day for each index.The Nasdaq composite index, meanwhile, set a new high as it added 23.98 points to 6,629.05.The positive momentum comes as investors have decided that there’s little political risk and the economy is pretty stable, said Sadiq Adatia, chief investment officer at Sun Life Global Investments.“There really is very little out there today that should disrupt markets,” he said.Everyone is watching the Chinese Communist Party’s Congress, set to end next week, and parliamentary elections in Japan this weekend, Adatia said. But no surprises are expected from either event, he added.The TSX, which has recently experienced a rally, also benefits from lower expectations that the Bank of Canada will raise its benchmark interest rate once more before the end of the year, he said.Statistics Canada released inflation figures Friday that showed Canada’s annual inflation rate rose to 1.6 per cent in September, up from 1.4 per cent the previous month.The Bank of Canada scrutinizes the agency’s consumer price index ahead of rate decisions and economists said it’s unlikely the increase will push the central bank to raise rates at next Wednesday’s scheduled policy meeting.In currency markets, the Canadian dollar was trading at an average price of 79.36 cents US, down 0.78 of a U.S. cent.In commodities, the December crude contract gained 33 cents to US$51.84 per barrel and the November natural gas contract rose roughly four cents to about US$2.92 per mmBTU.The December gold contract shed US$9.50 to US$1,280.50 an ounce and the December copper contract was relatively unchanged at about US$3.17 a pound.— With files from the Associated PressFollow @AleksSagan on Twitter read more

GOP House panel takes first step to gut DoddFrank law

WASHINGTON – House Republicans have taken a major step toward their long-promised goal of unwinding the stricter financial rules created after the 2008 crisis.The lawmakers are pushing ahead with sweeping legislation that would undo much of President Barack Obama’s landmark banking law.A House panel on Thursday approved Republican-written legislation that would gut much of the Dodd-Frank law enacted by Democrats and signed by Obama in the wake of the financial crisis and the Great Recession.The party-line vote in the Republican-led House Financial Services Committee was 34-26. by Kevin Freking And Marcy Gordon, The Associated Press Posted May 5, 2017 2:17 am MDT Last Updated May 5, 2017 at 3:40 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email GOP House panel takes first step to gut Dodd-Frank law read more

Graphite producer developing fast charging batteries

first_imgElcora Advanced Materials Corp is developing graphene infused Lithium-ion batteries for fast charge applications. Graphene among other applications has exceptionally high electrical and thermal conductivity. Currently li-ion battery technology is restricted by recharging time which Elcora plans on addressing through the application of graphene properties. Given these characteristics graphene could significantly improve the performance of lithium-ion battery technology and result in a major impact in the future of Li-ion applications.Elcora is uniquely positioned to develop graphene infused Li-ion batteries for several reasons:Elcora produces high quality graphene in its advanced graphite processing facility on-demandElcora produces high purity Lithium-ion anode battery powder from the same facilityElcora’s supplies the feed-stock for both graphene and anode powder fabrication processesElcora has expertise in graphene and Lithium-ion battery technology and is presently working with strategic partners in development of applicationsElcora has its own in-house Lithium-Ion R&D Battery Lab.Elcora may improve Lithium-ion battery performance by optimizing thermal and electrical conductivity of the electrodes. Battery electrodes use carbon black as a conductivity promoter. The carbon black used in traditional electrodes may be replaced/supplemented with graphene produced using Elcora’s environmentally friendly processing techniques. The highly conductive graphene should influence charge transfer kinetics, allowing for faster charging times compared to conventional electrode formulations.Unlike carbon black, high-quality graphene has a relatively short shelf life (weeks if not days) and requires understanding of proper dispersion techniques. Elcora can produce its own graphene, that can be used in electrode formulation experiments immediately after fabrication. This synergy ensures that the graphene is of the highest quality before being infused into the battery electrode.Elcora’s goal is to develop proprietary battery technology that can store more capacity and deliver more power at lower cost.CEO Troy Grant: “We believe Elcora’s production of both graphene and anode powder along with our expertise and strategic relationships with third parties is a perfect fit to our end goal of addressing the energy storage market.”Elcora was founded in 2011 and has been structured to become a vertically integrated graphite and graphene company. Elcora mines, processes, and refines graphite. That graphite is converted to graphene or graphite powder for Li-ion batteries. As part of the vertical integration strategy, Elcora has secured high-grade graphite from its interest in the operation of the Ragedara mine in Sri Lanka, which is already in production. Elcora says it “has the tools and resources for graphite and graphene vertical integration.”last_img read more