Australia stocks lower at close of trade; S&P/ASX 200 down 0.67% By Investing.com

© Reuters. Australia stocks lower at close of trade; S&P/ASX 200 down 0.67%

Investing.com – Australia stocks were lower after the close on Thursday, as losses in the , and sectors led shares lower.

At the close in Sydney, the fell 0.67%.

The best performers of the session on the were Treasury Wine Estates Ltd (ASX:), which rose 12.33% or 1.410 points to trade at 12.850 at the close. Meanwhile, AMP Ltd (ASX:) added 10.87% or 0.150 points to end at 1.530 and Mesoblast Ltd (ASX:) was up 10.10% or 0.310 points to 3.380 in late trade.

The worst performers of the session were AGL Energy Ltd (ASX:), which fell 9.59% or 1.63 points to trade at 15.36 at the close. Breville Group Ltd (ASX:) declined 8.39% or 2.29 points to end at 25.00 and Telstra Corporation Ltd. (ASX:) was down 8.26% or 0.280 points to 3.110.

Rising stocks outnumbered

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Dave called it: Why Rosenberg saw a downgrade in Canada’s future

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So Canada in aggregate doesn’t have a AAA-rated balance sheet to begin with and now Ottawa has to somehow shoulder a good chunk of these liabilities.

In the end, it doesn’t matter what the rating agencies do, in any event, as we saw with the inconsequential U.S. debt downgrade in the summer of 2011. It has to be remembered that, prior to 2002, the Canadian federal government was frequently rated as an AA-credit by at least one of the major agencies. I’m not sure anyone cared or even noticed… as much as it may be a source of national pride. Remember that in 2002, when the Canadian government was an AA-credit, the all-in debt-to-GDP ratio was more than 100 percentage points lower than it is today. And we also have to keep in mind, especially now that Ottawa is being forced to backstop everyone, that the national

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Breaking down Kamala Harris’s net worth as she steps into a new role as Joe Biden’s running mate

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Joe Biden’s running mate Kamala Harris, announced Tuesday, already stands out on the political field as the first woman of color on a presidential campaign ticket. Another factor sets the California senator apart: She is among the wealthiest of the Democratic candidates for the 2020 election.

Biden chose Harris as his potential Vice President after they campaigned against each other during the Democratic primary—with former VP Biden ultimately prevailing over rivals to be presumed the party’s nominee.

Harris’s net worth is as much as $6.3 million, based on the assets listed in her latest Senate financial disclosure, filed in May. That makes her wealthier by some measures than even her presidential running mate: Biden’s assets, according to his 2018 tax return, amounted to as much as $2.7 … Read More