Canadian dollar gets a boost while Chinas economy slows oil prices rise

Canadian dollar gets a boost while China’s economy slows; oil prices rise AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by David Friend, The Canadian Press Posted Dec 1, 2014 2:50 pm MDT TORONTO – A slight uptick in oil prices helped send the loonie nearly a full cent higher on Monday despite concerns about the health of China’s economy.The Canadian dollar rose 0.87 to 88.28 cents US.A survey published by HSBC Corp. showed Chinese manufacturing activity weakened in November, adding to signs that an economic slowdown is deepening.HSBC said its purchasing managers’ index declined to 50.0 from the previous month’s 50.4 on a 100-point scale in which numbers below 50 show activity contracting. The bank said domestic demand was sluggish and new orders were weak.A better outlook came from Canada’s manufacturing sector which remained steady at a 12-month high in November.The RBC Canadian PMI remained at 55.3 last month, matching a high point set in November last year and again in October. A measure above 50.0 indicates the manufacturing sector is expanding.Crude oil prices pulled ahead, with the January futures contract up $2.85 to US$69 on the New York Mercantile Exchange, a mild reprieve for the commodity.Oil prices have plunged about 35 per cent from mid-summer highs because of a higher U.S. dollar, lower demand and most particularly, a glut of global supply.Gold prices were also higher, with February bullion rising $42.60 to US$1,218.10 an ounce.March copper rose five cents to US$2.90 a pound. read more

School gives parents three days notice before closing so staff can celebrate

first_imgThe day must be exclusively set apart for religious observance by the religious body to which the parents belong. Where necessary, schools should seek advice from the parents’ religious body about whether it has set the day apart for religious observance. Headteacher Mark Elms told parents: “Please accept my sincere apologies for the short notice which could not be helped and for the disruption to the beginning of the new academic year.”The Harris Federation, which runs the academy, said parents who were unhappy should contact them. A large inner-city school gave parents just three days’ notice it was closing to allow staff to celebrate a religious festival.Chobham Academy in Newham, east London, is partially closed on Monday due to a “high number of staff requesting leave for religious observance” for the Muslim festival Eid al-Adha. Eighteen-hundred pupils aged three to 18 attend the independent mixed academy, but families were given just days to find alternative childcare arrangements.Mark Elms, the primary principal at the school, offered parents his “sincere apologies”.Chobham has been closed to nursery, reception, Y1 and Y2 pupils, leading one father to claim parents had been “penalised”.Pedro Martin, a Spanish teacher and tutor in London, said: School closed next Monday, @chobhamacademy inform us today. Unacceptable short notice. Working parents penalised again.— Pedro Martin (@pedrojmm) September 9, 2016 Eid al-Adha falls on the 10th day of Dhu al-Hijjah, the twelfth and final month in the Islamic calendar.As the exact day is based on lunar sightings, the date can vary between countries and the date of this year’s festival was only announced by religious leaders ten days ago.The Eid al-Adha prayer marks the end of the annual pilgrimage or Hajj to the holy city of Mecca. According to guidelines issued by the Department of Education, schools must treat absence as authorised when it is due to religious observance.  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.last_img read more