'He's in our hearts': Family and friends still seek answers one year after Nathan Wise’s disappearance
It’s been a year since Nathan Wise went missing and his family is no closer to finding out what happened to him.
Canada's main stock index closed down Wednesday along with U.S. stock markets as investors continue to digest the potential for higher interest rates.
The S&P/TSX composite index started up, but ended down 69.41 points at 21,205.16 as financial, tech, and energy stocks fell.
"Most of the stocks across the board are down after starting the day pretty strong," said Michael Currie, vice-president and investment adviser at TD Wealth.
The index was down despite strong gains for commodities, including the February gold contract closing up US$30.80 at US$1,843.20 an ounce and oil hitting a seven-year high as the March crude oil contract ended up 97 cents at US$85.80 per barrel.
"I'm a little bit shocked that Toronto's down, just because it was such a good day for gold and oil overall," said Currie.
He said that the news for oil on the day was positive, including the price gains and the International Energy Agency forecasting higher demand, but that the drop in energy stocks may have just been profit taking after the TSX energy index gained 17 per cent so far this year.
Materials, however, was a bright spot, with the index up more than four per cent as both gold and copper prices rose. Big winners included Barrick Gold Corp. up 8.52 per cent, Yamana Gold up 8.19 per cent, and Kinross Gold Corp. up 7.86 per cent.
The gold price was likely boosted by some slackening of bond yields, said Currie.
"The 10 year yield in the U.S. for several days now has had a really really good start, and it's had a little bit of a pullback today, so that has definitely helped gold."
In New York, the Dow Jones industrial average closed down 339.82 points at 35,028.65. The S&P 500 index was down 44.35 points at 4,532.76, while the Nasdaq composite was down 166.64 points at 14,340.25 points.
The Canadian dollar traded for 80.05 cents US compared with 79.81 cents US on Tuesday on a day that Statistics Canada reported an annual inflation of 4.8 per cent in December to reach the highest level in 30 years.
The high inflation rate had economists predicting the Bank of Canada could start raising interest rates as soon as next week with several more increases expected this year.
The February natural gas contract was down 25 cents at US$4.03 per mmBTU, and the March copper contract was up nine cents at US$4.47 a pound.
This report by The Canadian Press was first published Jan. 19, 2022.
It’s been a year since Nathan Wise went missing and his family is no closer to finding out what happened to him.
Dozens of Ontarians are expressing frustration in the province’s health-care system after their family doctors either dropped them as patients or threatened to after they sought urgent care elsewhere.
An Ottawa pizzeria is being recognized as one of the top 20 deep-dish pizzas in the world.
Amazon's paid subscription service provides free delivery for online shopping across Canada except for remote locations, the company said in an email. While customers in Iqaluit qualify for the offer, all other communities in Nunavut are excluded.
The fire burning near Fort McMurray grew from 25 hectares to 5,500 hectares over the weekend.
Russia’s President Vladimir Putin began a Cabinet shakeup on Sunday, proposing the replacement of Sergei Shoigu as defence minister as he begins his fifth term in office.
Police are searching for a male suspect after a man was “slashed in neck” on Sunday morning in downtown Toronto and died.
There were some scary moments for several people on a northern Ontario highway caught on video Thursday after a chain reaction following a truck fire.
Health Canada announced various product recalls this week, including electric adapters, armchairs, cannabis edibles and vehicle components.
English, history, entertainment, math and geography: high school trivia teams could be quizzed on any of it when they compete at the Reach for the Top Nationals in Ottawa in June.
An Ottawa pizzeria is being recognized as one of the top 20 deep-dish pizzas in the world.
A family of fifth generation farmers from Ituna, Sask. are trying to find answers after discovering several strange objects lying on their land.
A Listowel, Ont. man, drafted by the Hamilton Tigercats last week, is also getting looks from the NFL, despite only playing 27 games of football in his life.
The threat of zebra mussels has prompted the federal government to temporarily ban watercraft from a Manitoba lake popular with tourists.
A small Ajax dessert shop that recently received a glowing review from celebrity food critic Keith Lee is being forced to move after a zoning complaint was made following the social media influencer’s visit last month.
The Canada Science and Technology Museum is inviting visitors to explore their poop. A new exhibition opens at the Ottawa museum on Friday called, 'Oh Crap! Rethinking human waste.'
The Regina Police Service says it is the first in Saskatchewan and possibly Canada to implement new technology in its detention facility that will offer real-time monitoring of detainees’ vital health metrics.
Just as she had feared, a restaurant owner from eastern Quebec who visited Montreal had her SUV stolen, but says it was all thanks to the kindness of strangers on the internet — not the police — that she got it back.