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|TORONTO Stephen Piscotty Jersey , June 25 (Xinhua) --Toronto Stock Exchange, Canada's main stock market, rebounded Wednesday as the rally in energy and gold shares offset the negative impact of the revised U.S. economic data for the first quarter.
The benchmark S&PTSX Composite Index of the bourse added 12.28 points, or 0.08 percent, to 14 Santiago Casilla Jersey ,974.65 points on the closing bell, following an almost one percent decline Monday.
The market sentiment was weighed in the midday trading as the U. S. economy shrank at an annual rate of 2.9 percent in the first quarter, the worst performance in five years, according to the third estimate released by the Commerce Department Wednesday.
Analysts believed the data may be negative to Canada's economy, especially the exports to the U.S.
But the Canadian stock market regained rising momentum as the chaos in Iraq helped push up the energy and gold prices Rollie Fingers Jersey , and also lift the energy and gold shares.
The energy sector was up 0.17 percent. Canadian Natural Resources Ltd. was up 0.63 percent to 48.25 Canadian dollars ( about 44.87 U.S. dollars), and Suncor Energy Inc. advanced 0.27 percent to 44.70 Canadian dollars.
S&PTSX Global Gold Index moved up 0.54 percent after diving 2. 77 percent Monday. Most of the leading companies were in the green again, with Barrick Gold Corp. up 0.16 percent to 19.07 Canadian dollars a share and Yamana Gold Inc. rising 1.37 percent to 8.89 Canadian dollars.
The health care sector, however, logged the biggest gain by 1. 16 percent among the eight most weighed sectors in TSX. The drug maker Valeant jumped 4.27 percent to 134.93 Canadian dollars and Extendicare Inc. increased 0.27 percent to 7.41 Canadian dollars.
The mining sector lost 1.56 percent Rickey Henderson Jersey , leading the losers, with Teck Resources Ltd. shrinking 1.29 percent to 23.63 Canadian dollars per share, and First Quantum Minerals Ltd. down 0.09 percent to 22.10 Canadian dollars.
Canada's traditional sector Industrials ticked up 0.31 percent after the country's Bombardier Inc. announced Wednesday that it has received certification from the U.S. Federal Aviation Administration (FAA) for its Challenger 350 business aircraft. The aircraft and railway maker moved up 0.26 percent to 3.81 Canadian dollars a share.
On the currency front, the Canadian dollar Wednesday climbed to 0.9327 U.S. dollar from 0.9308 U.S. dollar Tuesday.
PARIS, April 24 (Xinhua) -- Foreign policy expert Madani Cheurfa has said the outcome of elections for the French National Assembly will be the real sign of how the French political landscape has been reshaped.
Cheurfa Reggie Jackson Jersey , secretary general of the Research Center at the Political Science Institute in Paris (CEVIPOF), discussed with Xinhua the implications of centrist newcomer Emmanuel Macron and extreme-right candidate Marine Le Pen moving on to the runoff in the French presidential elections.
"The legislative elections next June will be more important than ever and will indicate what will be the practice of power for the next five years to come in France."
"The legislative elections will show if the winner of the second round (Macron according to our projections) will have a large majority or a coalition. This would make us enter into a France where the practice of power will be more animated, more intense," he added.
Addressing the first round of presidential elections, Cheurfa point out that with 7.6 million votes in the first round Matt Joyce Jersey , the National Front gained close to 1.2 million votes between 2012 and 2017, which is a historic record for the party.
During the legislative elections, the National Front will present candidates in every district and Marine Le Pen herself should run in Henin-Beaumont (northern France).
"If she wins, she could enter the National Assembly and construct a group of representatives with the necessary visibility to create an opposition to Macron. We would be in a fairly unique situation with those supporting globalization and a united Europe, opposed by Le Pen and her supporters wanting a France with closed borders Mark McGwire Jersey ," Cheurfa said.
The expert said traditional French political parties such as the Republicans and Socialists, both eliminated during the first round of presidential voting, risk a further fall in popularity even though they traditionally benefit from "strong local establishments."
"A major discussion is underway to know who will lead the Republican party during the legislative elections, knowing that it is possible that there will be more leaders elected from the National Front than the Republicans," Cheurfa stated.
Everything rides on the rate of voter turnout during the legislative elections. If Macron is elected as French president Marcus Semien Jersey , he would need to put forward a name for prime minister who will give direction to the entirety of his sponsors from the right, the center and the left, he added.
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