Closing Bell TSX closes higher amid string of positive US economic data

TORONTO — The Toronto stock market closed slightly higher Thursday amid reassuring economic data from the United States.Here are the closing numbersTSX — 13,362.06 +12.29 0.09%S&P 500 — 1,807.23 +4.48 0.25%Dow — 16,097.33 +24.53 0.15%Nasdaq — 4,044.75 +27.00 0.67%The S&P/TSX composite index rose 12.29 points to 13,362.06, held back by declines in base metals and utilities stocks.Sharply lower oil prices helped push the Canadian dollar down 0.59 of a cent to 94.38 cents US.U.S. indexes were higher as the Dow Jones industrials climbed 24.53 points to 16,097.33, the Nasdaq gained 27 points to 4,044.75, while the S&P 500 index edged up 4.48 points to 1,807.23.“Today’s economic news was generally favourable,” said Terry Sandven, chief equity strategist for U.S. Bank Wealth Management.“In the absence of bad news, the path of least resistance for equities is up.” As traders get set to wind down for the American Thanksgiving holiday on Thursday when U.S. markets will be shuttered, they took in data showing U.S. jobless insurance claims, which are a proxy for layoffs, fell by 10,000 last week to 316,000. Economists had expected a slight rise.Orders for American durable goods fell 2% in October, which was in line with expectations. Excluding transportation, orders dipped 0.1%.A key gauge of the manufacturing sector in the U.S. Midwest showed slower expansion. The Chicago purchasing managers index dropped to a higher than expected 63 in November from 65.9 in October.Meanwhile, the U.S. Conference Board said its leading economic indicator rose 0.2% in October. That data gives an indication on where the American economy is heading over the next six months.And the University of Michigan released its latest reading on U.S. consumer sentiment. It rose to 75.1 in November from 73.2 in October, better than the 73 reading that had been expected.The TSX gold sector led advances, up 1.2% as traders bought into a segment that is down almost 50% year to date as gold prices have also fallen amid speculation that the U.S. Federal Reserve is set to taper its monthly US$85 billion of bond purchases, which have kept rates low and supported a stock market rally. Also, inflation is very low in many parts of the world.“It’s only going to go down for so long and all of a sudden, you have to think that it’s time to turn around and move it up,” said Fred Ketchen, manager of equity trading at ScotiaMcLeod..December bullion shed early gains and fell $3.60 to US$1,237.90 an ounce. Iamgold (TSX:IMG) was up nine cents at C$4.41 and Kinross Gold (TSX:K) improved by five cents to $4.92.The telecom sector was ahead 0.7% as Rogers Communications (TSX:RCI.B) was up 96 cents to $47.19 a day after reaching a 12-year, $5.2-billion agreement with the National Hockey League that gives the company the league’s broadcast and multimedia rights in Canada.Gains in railway stocks also lifted the TSX as Canadian National Railways (TSX:CNR) ran up $1.17 to $118.61.Financials were also positive with Manulife Financial (TSX:MFC) ahead 18 cents to $20.36.The interest rate sensitive utilities sector lost 1% with TransAlta Corp. (TSX:TA) down 65 cents to $14.02. The sector has been under selling pressure amid rising U.S. bond yields amid speculation about when the Federal Reserve might cut back on its US$85 billion of monthly bond purchases.“And I don’t think we’re going to see any change in that sector any time soon,” said Ketchen.The base metal sector was down 0.8% as March copper dropped three cents to US$3.19 a pound. Teck Resources (TSX:TCK.B) dropped 28 cents to C$25.24.The energy sector lost 0.34% as the January crude contract fell $1.38 to US$92.30 a barrel. Supply data from the U.S. Energy Department for last week showed oil supplies rose about three million barrels, versus a decline of 1.5 million barrels that had been expected. Crude supplies have now increased for the past 10 weeks. Canadian Oil Sands (TSX:COS) fell 32 cents to C$19.81.On the corporate front, Hewlett-Packard rose $2.27 or 9.05% to US$27.36 as the world’s second-largest maker of PCs issued a strong profit prediction for the current quarter. TOP STORIESBank of Canada can afford to put off rate hike until 2015: IMFHomeowners feel the pinch of rising prices, mortgage ratesBuffett promises ‘generous’ severance packages to 700 workers being laid off due to Heinz plant closureBitcoin surges to new record above US$1,000 as virtual currency moves into the mainstreamWHAT’S ON DECK THURSDAYU.S. markets closed for Thanksgiving holiday ECONOMIC NEWSCANADA8:30 a.m.Current account balance Q3: Economists expect a deficit of $14.4-billion Industrial product price index (Oct): Economists expect a decline of 0.5% Raw materials price index: Economists expect a decline of 2% read more

Warning over appetite suppressant lollipops advertised by Instagram celebrities as they send

The star wrote: “#ad Tummy Game Plan? You know it’s @flattummytea. Nothings [sic] gonna get you flat the same as this tea will. The excuses are in the past, much like the water weight I used to have.”The ASA upheld a complaint which challenged the implication that the tea could help with water weight.It concluded that the posts violated CAP Code rules that marketing containing nutrition or health claims “must be supported by documentary evidence to show they meet the conditions of use associated with the relevant claim, as specified in the EU Register [of nutrition and health claims made on foods]”.The company said at the time that it was not aware of the register or the relevant regulation, and stated that it “did not hold scientific data to support their claims that the tea ingredients could help with water weight loss”. Celebrities have come under fire from charities and campaigners for promoting appetite suppressants to their young, female followers on social media.Kim Kardashian West, one of the most-followed celebrities on social media in the world, has been heavily criticised for her involvement in promoting “appetite suppressant” lollipops to her millions of followers, many of whom are young girls.Under a photograph of herself sucking one of the diet sweets, she writes: “#ad, You guys, @flattummyco just dropped a new product. They’re Appetite Suppressant Lollipops and they’re literally unreal. They’re giving the first 500 people on their website 15% OFF so if you want to get your hands on some…you need to do it quick!”She finished her message by asking her followers to “#suckit”.The star’s message was criticised by eating disorder charity Beat, which argues this message is potentially damaging to young women. Beat’s Director of External Affairs, Tom Quinn, told The Telegraph: “Eating disorders are mental illnesses with complex causes, so it is unlikely that this product would be the sole and direct reason for someone developing one.”However, we know that appetite suppressants are used by people with restrictive eating disorders like anorexia, and feel it is harmful to widely distribute and promote such products.” Jameela Jamil said the marketing was “terrible and toxic”Credit: NBCUniversal Jameela Jamil said the marketing was "terrible and toxic" The lollipops are manufactured by Flat Tummy Co, which pays some of the most popular stars on Instagram large sums to market its “detox” teas, some of which contain a laxative, meal-replacement milkshakes, and lollipops, which contain an appetite suppressant. The pink packaging, and the fact the company refers to its customers as “babes”, suggests the weight loss products are aimed predominantly at the young women who follow the Instagram celebrities.Flat Tummy Co has been contacted for comment, as has Kim Kardashian West’s company.It has also come under fire for false advertising. In September last year, the Advertising Standards Agency (ASA) told the company to take down a post from Geordie Shore’s Sophie Kasaei’s Instagram. Eating disorders are a very real issue for a lot of young people and to see Kim Kardashian actively encouraging her fans to develop an unhealthy relationship with food is terrifying and gravely concerning.— Dr. Liam Hackett (@DiageoLiam) May 16, 2018 Body positivity campaigner and British actress Jameela Jamil also criticised the star, writing: “No. F— off. No. You terrible and toxic influence on young girls. I admire their mother’s branding capabilities, she is an exploitative but innovative genius, however this family makes me feel actual despair over what women are reduced to.”Dr Liam Hackett, the founder and CEO of equality and anti-bullying charity Ditch the Label, tweeted: “Eating disorders are a very real issue for a lot of young people and to see Kim Kardashian actively encouraging her fans to develop an unhealthy relationship with food is terrifying and gravely concerning. ”  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