TSX moves higher midday Tuesday

TORONTO — The Toronto stock market moved higher near midday as metals prices fluctuated, leaving several key sectors moving erratically.The S&P/TSX composite index moved up 11.18 points to 12,381.37 after slipping into negative territory in the morning. The TSX Venture Exchange lost 1.03 points to 1,337.67. The Canadian dollar fell 0.05 of a cent to 101.71 cents US.The base metals sector gained 0.5%, as the December contract for copper rose a penny to US$3.80 a pound. Copper is viewed as an economic barometer because it is used in so many industries.TSX energy stocks gained 0.7% while November crude on the New York Mercantile Exchange moved down 26 cents to US$92.22 a barrel. December bullion pulled back $5.60 to US$1,777.70 an ounce, as the gold sector slipped 0.2%.On Wall Street, the Dow Jones industrials slipped 34.66 points to 13,480.45. The Nasdaq composite index lifted 6.31 points to 3,119.84 and the S&P 500 index was up 0.71 of a point at 1,445.20.Traders are focused on a potential bailout request from Spain that could happen soon. And Greece’s government is in talks with its debt inspectors over its latest austerity measures. If the inspectors refuse to sign off on the measures, Greece faces the prospect of not getting its next batch of bailout funds, a development that may lead to its exit from the euro.In corporate developments, CML HealthCare Inc. (TSX:CLC) said it is selling its diagnostic imaging business in Alberta to Canada Diagnostic Centres for $17-million. Shares of CML were unchanged at $8.82.In Europe, the FTSE 100 index was down 0.2% at 5,808 while Germany’s DAX fell 0.2% to 7,313. The CAC-40 in France was off 0.7% to 3,413.Earlier, Asian trading was subdued as markets in Hong Kong, mainland China and India were closed for public holidays. Japan’s Nikkei 225 index shed morning gains to close 0.1% lower at 8,786.05, but Australia’s S&P/ASX 200 gained one per cent to 4,433 after the country’s central bank cut its benchmark interest rate by a quarter percentage point.The Canadian Press read more

SUSI set up special unit to urgently reassess 65 students

first_imgUpdated 11.28amSUSI HAS ASSIGNED a dedicated unit to handle postgraduate students who must have their grant applications reassessed or else face the possibility of the authority ‘recovering’ the funds.However, just six of the 65 who received a letter have reapplied.The remainder were sent another letter from the grant authority on Friday to ask them again if they wanted to be reassessed.These reassessments are being given top priority within the existing SUSI team.The students involved received a letter earlier this month inviting them to be reassessed as dependent students.The letter stated that if the student don’t do this, SUSI “will have to implement a recovery process in order to recoup the cost of fees from you that were paid to your institution in respect of the 2012/13 academic year.”The error arose from students applying and being classed as “independent”, where the income of the applicant and their spouses’/cohabitants’ are assessed, when they should have applied and been assessed as “dependent”, where the income of parents or guardians is taken into account.Background: SUSI may ‘seek to recover’ 65 postgraduate grants > Read: SUSI restores grant funding for 39 dental nursing and hygiene students >last_img read more