TORONTO — Falling energy stocks led the Toronto stock market lower for a second consecutive day Friday.The S&P/TSX composite index lost 11.97 points to 14,534.06 amid weak jobs data.The Canadian dollar tumbled 0.62 of a cent to cents US as Statistics Canada reported that the economy cut 28,900 jobs in April against expectations of a gain of about 12,000. It was also a huge turnaround from the previous month when the economy cranked out 43,000 jobs, which means just 14,000 jobs were added over the two-month period.The unemployment rate held steady at 6.9%.U.S. indexes registered modest gains as the Dow Jones industrials rose 32.37 points to 16,583.34, the Nasdaq climbed 20.37 points to 4,071.87 and the S&P 500 index added 2.84 points to 1,878.47.The TSX was negative this week after three weeks of advances, down 1.57% after traders digested a heavy slate of earnings news and took some profits from sectors that have run up sharply this year, including gold and energy stocks. But it is still one of the best performing stock indexes, up almost 7% year to date, a gain that many analysts believe the TSX would register for the whole year.“It’s been a good start to the year,” said Chris King, portfolio manager at Morgan, Meighen and Associates.“We’re up 6.5% or so, I mean, that’s your annual return and we’re already there in May.”It was a quiet day for earnings news as shares in The Second Cup Ltd. (TSX:SCU) lost 22 cents or 4.54% to $4.63 as the coffee chain reported a drop in its first-quarter net income to $56,000, or one cent per share, compared with $688,000, or seven cents per share, in the same quarter of 2013.Revenue was up at $7.6 million, compared with $6.2 million year-over-year.On Thursday, after markets closed, energy producer Canadian Natural Resources (TSX:CNQ) said that quarterly net income totalled $622 million or 57 cents per share compared with $213 million or 19 cents in the prior-year period. Revenue for the three months ended March 31 rose to almost $4.4 billion from $3.76 billion in the prior-year period and its shares gave back 10 cents to $42.90.In other corporate developments, The Financial Times reported that Apple is orchestrating a $3.2-billion acquisition of Beats Electronics, the headphone maker and music streaming distributor founded by hip-hop star Dr. Dre and record producer Jimmy Iovine. Apple could announce a deal as early as next week and its shares were off 0.4% in New York.The TSX energy sector led decliners, down 0.56% as June oil gave up early gains to move 27 cents lower to US$99.99 a barrel.The gold sector gained about 0.2% while June bullion faded a dime to US$1,287.60 an ounce. The base metals group was ahead 0.42% as July copper was up two cents to US$3.08 a pound amid some positive inflation news from China.Consumer prices in the world’s second-largest economy rose 1.8% over a year earlier, down from March’s 2.4% increase, giving the government more leeway if needed to stimulate the slowing economy. read more

first_imgBrothers Noel and Liam Gallagher have been embroiled in perhaps the most famous sibling feud in popular culture for almost a decade.However, it appears that the former Oasis bandmates have been able to set aside their differences in time for Christmas.Fans were overjoyed when younger brother Liam, 45,  tweeted that the two were “all good” — as he often tweets insults towards Noel, 50,  and the two have had a rocky year.It even appears the two are to meet up — causing fans to wonder if a reunion is on the cards.He tweeted to wish his older brother a “Happy Xmas” saying “looking forward to seeing you tomorrow”. 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. He’s already reached out— Liam Gallagher (@liamgallagher) December 19, 2017 I wanna say Happy Xmas to team NG it’s been a great year thanks for everything looking forward to seeing you tmorrow AS YOU WERE LG x— Liam Gallagher (@liamgallagher) December 19, 2017 He said of his brother: “We’re all good again.”Last month, Liam admitted he missed his brother and that he disliked taking to the stage without him.He told FAULT magazine: “‘I don’t want to be solo. I don’t want to do it on my own – I’m not a guitar player or a prolific songwriter.”Admitting he wanted to make up, he told the Sunday Mirror: “I hope we make up. Not just for Oasis but for brothers. Enough is enough now. “I know I wind him up. I have put it out there enough times, but I think he doesn’t want to know. I reckon we would have to meet up and hug it out, as they say.”last_img read more