TSX surges amid mega deals in telecom tech

TORONTO — The Toronto stock market got off to a strong start to September trading amid improved manufacturing data from China and fading chances of a military strike against Syria.The S&P/TSX composite index ran ahead 117.5 points to 12,771.4.Support also came from the telecom sector on Tuesday after U.S. telecom giant Verizon Communications Inc. said it was no longer interested in entering the Canadian wireless market. Verizon had announced Monday that it was paying US$130-billion for the 45% stake in Verizon Wireless owned by British cellphone carrier Vodafone.Rogers Communications (TSX:RCI.B) rose $3.12 or 7.5 per cent to $44.38, BCE Inc. (TSX:BCE) climbed $1.81 or 4.19% to $45 and Telus Corp. (TSX:T) jumped $2.06 or 6.3% to $34.75.Techs also advanced after Microsoft Corp. announced it was buying Nokia Corp.’s lineup of smartphones and a portfolio of patents and services for US$7.2-billion. Buyout hopes for BlackBerry (TSX:BB) sent the smartphone maker’s stock up 26 cents to $10.90.The Canadian dollar was down 0.14 of a cent to 94.83 cents US as the U.S. dollar appreciated on a much better than expected reading on American manufacturing.U.S. indexes were also higher as traders weighed the chances of President Barack Obama getting congressional approval for punishing Syria for a sarin gas attack outside Damascus on Aug. 21 that U.S. intelligence says killed 1,429 people, including more than 400 children.“We’re not out of the woods yet,” observed Kash Pashootan, vice-president and portfolio manager at First Avenue Advisory, a Raymond James company, adding that volatility could return when Congress comes back from vacation next week.“I think volatility could be back.”The Dow Jones industrials ran ahead 90.12 points to 14,900.43 as the latest reading on the U.S. manufacturing sector showed stronger than expected expansion in August. The Institute for Supply Management’s index rose to 55.7 from 53 in July, much stronger than the 54 reading that had been expected.The Nasdaq gained 44.98 points to 3,634.85 and the S&P 500 index was up 15.12 points at 1,648.09.Microsoft is attempting to strengthen its fight with Apple Inc. and Google Inc. to capture a slice of the lucrative mobile computing market through the Nokia purchase.The proposed price consists of (euro)3.79 billion for the Nokia unit that makes mobile phones, including its line of Lumia smartphones that run Windows Phone software. Another (euro)1.65 billion will be paid for a 10-year licence to use Nokia’s patents, with the option to extend it indefinitely.The deal came down a day after Verizon announced its deal with Vodafone. Verizon CEO Lowell McAdam also suggested in an interview with Bloomberg that speculation Verizon might try to compete in Canada was “way overblown.”The spectre of competition in the Canadian wireless market from the big U.S. telco had pushed Canadian telecom stocks well off their 52-week highs over the last few of months.On the commodity markets, copper prices ran ahead following two reports — both released Monday — that showed China’s manufacturing sector improved last month after prolonged weakness. China is the world’s biggest consumer of copper, which itself is an economic barometer as it is used in so many applications. The HSBC purchasing managers’ index rose to 50.1 points in August, a level that indicates expansion as output and new orders edged up slightly and order backlogs rose at the fastest pace in two years. Meanwhile, the official China Federation of Logistics and Purchasing PMI showed increasing expansion, rising to 51 from July’s 50, which was the highest level in 16 months.December copper got extra lift from the strong U.S. manufacturing data and gained eight cents to US$3.31 a pound, sending the base metals sector up 3.3%. Teck Resources (TSX:TCK.B) advanced 91 cents to $27.43.The energy sector gained 0.8 per cent as oil prices shed early losses after the release of the ISM data. The October crude contract on the New York Mercantile Exchange was up 17 cents to US$107.82 a barrel. Suncor Energy (TSX:SU) rose 51 cents to $36.01.Gold prices reversed early losses with the December contract climbing $5.40 to US$1,401.50 an ounce and the gold sector rose 1.8%. Goldcorp Inc. (TSX:G) gained 38 cents to $31.48.Financials also provided lift as TD Bank (TSX:TD) ran up $1.13 to $90.75.Jobs data will also weigh on markets this week.Markets are especially anxious to see how U.S. job creation fared in August. The consensus calls for the American economy to have cranked out about 180,000 jobs but recent data showing continuing declines in the numbers of people applying for jobless benefits have led some to think that number could be much higher.In any event, traders hope the data will provide another clue as to whether the U.S. Federal Reserve will start to pare its monthly US$85-billion of bond purchases, which have kept long-term rates low and fuelled a strong rally on many stock markets.European bourses slipped lower as London’s FTSE index moved down 0.29%, Frankfurt’s DAX declined 0.38 per cent and the Paris CAC 40 dipped 0.16%. read more

An egg a day may keep heart disease away according to new

“The researchers accounted for many dietary and other behaviours in their analyses, but it is important to emphasise that eggs are not eaten in isolation, and overall healthy or unhealthy dietary patterns will always matter.”Victoria Taylor, senior dietitian at the British Heart Foundation, said: “It’s possible that the lower risk of cardiovascular disease seen in those who consumed eggs on a daily basis may have been caused by something else in their diet or lifestyle – rather than a specific cause and effect.”The study was also carried out on a middle-aged Chinese population so the results may not be directly applicable to a UK population.”However, these findings may be reassuring for people who like to ‘go to work on an egg’ and are consistent with current advice in the UK; that eggs can be included as part of a healthy, balanced diet.” The study followed more than 400,000 people in China The results are consistent with current UK advice that eggs can be part of a balanced diet Haemorrhagic strokes, caused by bleeding in and around the brain, are less common than ischaemic strokes, which are the result of a blockage. The group were followed up around nine years later, with daily egg consumption found to be linked to a lower risk of cardiovascular disease overall.Those who ate up to one a day had a 26% lower risk of haemorrhagic stroke, 28% lower risk of haemorrhagic stroke death and an 18% lower risk of cardiovascular disease death, the study found.There was also a 12% reduction in the risk of ischaemic heart disease, or coronary heart disease, in those consuming an estimated 5.32 eggs a week compared to those eating around two. But they have a higher prevalence rate in China than in high-income countries.”This present study finds that there is an association between moderate level of egg consumption (up to one egg per day) and a lower cardiac event rate,” the authors wrote.”Our findings contribute scientific evidence to the dietary guidelines with regard to egg consumption for the healthy Chinese adult.” The results are consistent with current UK advice that eggs can be part of a balanced diet Professor Nita Forouhi, of the MRC epidemiology unit at the University of Cambridge, said: “The take home message of this research from a large study from China is that at the very least up to one egg a day is not linked with raised cardiovascular risk, and at best up to one egg a day may even have health benefits. The study followed more than 400,000 people in ChinaCredit:AFP Previous studies examining the impact of eggs on health have been inconsistent and most have found insignificant associations between consumption and coronary heart disease or stroke.Commenting on the findings, Tim Chico, professor of cardiovascular medicine at the University of Sheffield, said: “It is very difficult to determine the part any single element of our diet plays in our risk of developing heart disease.”This study has shown that people who eat more eggs have lower rates of a range of diseases including heart attack and stroke.”It is important to stress that this does not prove that eating eggs protects against these diseases, as there may be other differences between the people eating more eggs that cause these differences.” The 1960s advertising slogan, “Go to work on an egg,” may have offered sound dietary advice, according to new research that found an egg a day may reduce the risk of cardiovascular disease.Consumption of up to one egg daily was linked with lower rates of strokes and heart disease, according to the research published in journal Heart.Daily consumers also had a lower risk of death from cardiovascular disease when compared to those who did not eat eggs.The researchers, from Peking University Health Science Centre, examined data from 416,213 participants in China.At the start of the study, 13.1% of participants reported daily consumption of eggs and 9.1% said they never or rarely ate them. 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. read more