TSX Wall Street barely changed ahead of OPEC meeting

TORONTO — There was little movement on Toronto and New York Stock markets as traders wait to see what emerges from Thursday’s meeting of the Organization of Petroleum Exporting Countries.The S&P/TSX composite index was in negative territory for a third straight day, but down a mere 2.09 points at 14,063.69.Wall Street indexes were up slightly in the face of mixed economic reports out of the U.S. and China. The Dow Jones industrial average added 2.47 points to 17,789.67, while the broader S&P 500 gained 2.37 points at 2,099.33 and the Nasdaq edged up 4.20 points to 4,952.25.In commodities, the July contract for natural gas posted another strong advance, up nine cents at US$2.38 per mmBTU after having shot up 12 cents on Tuesday. August gold was down $2.80 at US$1,214.70 a troy ounce and July copper lost two cents to US$2.07 a pound.The July contract for benchmark North American crude pulled back nine cents to US$49.01 a barrel. However, the Canadian dollar, which usually follows oil prices, was up 0.25 of a U.S. cent at 76.53 cents US. read more

Greek island ferry crews to launch 24hour strike Sept 24

ATHENS, Greece — Ferry services to Greek popular island destinations face severe disruptions next week due to a strike called by the country’s powerful seamen’s union.The PNO union says the walkout will keep ferries tied up in port for 24 hours starting at 6 a.m. on Sept. 24.Coastal shipping firms have urged the union to reconsider, saying the strike would harm Greece’s key tourism industry.PNO said in a statement Tuesday that it is protesting proposed legislation that’s been roundly criticized by labour unions because it will make it harder for them to call strikes.The country’s umbrella civil servants’ union has also called a 24-hour strike for Sept. 24 to protest the draft law that was presented by Greece’s new centre-right government.The Associated Press read more