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Jones feeling the heat

first_imgFormer Wallabies coach Jones’s side raced to a 12-0 lead in Bloemfontein on Saturday before the Springboks got into the game and over-ran them 23-12 to secure the series.It’s the second week in a row England have let a lead slip, with South Africa coming back to win 42-39 in Johannesburg.The defeat on Saturday was the sixth overall on the trot for England, who also lost to the Barbarians before they left for South Africa.The tide has seemingly now turned for England and Jones after they rode an unprecedented run of success and looked like a favourite for next year’s World Cup in Japan.”England … find themselves in a state of freefall, with questions mounting about how can they arrest it,” Gavin Mairs wrote in the Daily Telegraph.”The series defeat, on the back of their fifth-place finish in the Six Nations, has stripped Eddie Jones’ side of the status of genuine contenders for next year’s World Cup.”Mairs also suggested Jones’ job security was now in question, particularly given their fixtures as they finetune their World Cup preparations.Jones was initially lauded when he took the job after England were knocked out of the 2015 World Cup in the pool phase and led them to 18 successive wins.Three losses in the Six Nations this year, despite high hopes of becoming the first side to win three successive titles since it expanded in 2000, however, have seen the team slip to fourth in the world.”One hundred and twenty-six days have now elapsed since England last won a game of test rugby and the long wait goes on,” Rob Kitson wrote in The Guardian.”Whatever magic dust Jones scattered earlier in his tenure has long since disappeared into the ether.”The postmortem will become even messier if England are flattened again at Newlands, raising fresh doubts about the effectiveness of Jones’ training methods and whether or not he can drag things back between now and the World Cup.”last_img read more

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Loonie finds lift from ECB pledge to save euro data shows slowing

TORONTO – The Canadian dollar closed higher Friday amid further indications that European leaders are finally getting a grip on the region’s sovereign debt crisis.The loonie gained 0.51 of a cent to 99.56 cents US as the loonie and other riskier assets such as commodities continued to find lift after German Chancellor Angela Merkel and French President Francois Hollande released a joint statement saying they will do anything they can to stop the 17 countries that use the euro from breaking up. They didn’t offer details.Markets had rallied Thursday after the European Central Bank president pledged to do whatever it takes to save the euro currency union. Mario Draghi suggested that the central bank could intervene in markets to lower the borrowing rates of financially weak countries like Spain.Traders also took in data showing U.S. economic growth for the second quarter came in just about where economists expected.The U.S. Commerce Department reported that the economy grew at an annual rate of just 1.5 per cent from April through June, which was the slowest growth in a year.It also says the economy grew a little better than previously thought in the January to March quarter. It raised its estimate to a two per cent rate, up from 1.9 per cent.Markets have been depressed in recent weeks as the focus of the European government debt crisis moved to Spain. Traders skeptical over the government’s ability to manage high debt levels have driven up bond yields past the seven per cent level, which is considered unsustainable in the long run.Draghi suggested that the ECB considers it part of its job to keep government borrowing rates at normal levels. It could do so by buying government bonds, which has the effect of lowering their yield, or interest rate.Commodity prices advanced with the September crude contract on the New York Mercantile Exchange ahead 74 cents to US$90.13 a barrel.September copper ran ahead three cents to US$3.43 a pound while August gold gained $2.90 to US$1,618 an ounce. by Malcolm Morrison, The Canadian Press Posted Jul 27, 2012 4:26 pm MDT Loonie finds lift from ECB pledge to save euro, data shows slowing U.S. growth read more

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