Grandparents killed in wrong-way crash on Hwy. 401 identified
A 60-year-old man and a 55-year-old woman killed in a wrong-way crash on Highway 401 earlier this week have been identified by the Consulate General of India in Toronto.
The Canadian dollar strengthened against its U.S. counterpart on Tuesday and index futures pointed to a higher open for the Toronto stock market as oil prices rose and the re-election of Prime Minister Justin Trudeau's Liberals kept the door open to more fiscal spending.
Trudeau acknowledged he will need to work with other parties after he fell short of winning a majority in parliamentary elections on Monday, leaving him once more dependent on opposition legislators to govern.
"Unlike most high-income countries, Canada is unlikely to embark on near-term fiscal consolidation," Marc Chandler, chief market strategist at Bannockburn Global Forex, said in a note.
"A policy mix of tighter monetary policy and relatively looser fiscal policy tends to be supportive of the currency."
Foreign investors had worried that the election could result in a deadlock that would hamper Ottawa's response to the COVID-19 pandemic and further slow the economic recovery from the crisis.
The Liberals have pledged a substantial C$78 billion in new spending over five years, while analysts expect the Bank of Canada to further reduce its bond purchases as soon as next month.
The Canadian dollar was trading 0.5% higher at 1.2763 to the greenback, or 78.35 U.S. cents, after trading in a range of 1.2742 to 1.2830.
On Monday, the loonie hit its weakest intraday level in one month at 1.2895 as troubles at property group China Evergrande roiled global financial markets, while Canada's main stock index fell 1.6%, its biggest decline since January.
World stocks stabilized on Tuesday and commodity prices recovered from the previous day's heavy selling.
The price of oil, one of Canada's major exports, was up 1% at $71.01 a barrel, while December futures on the S&P/TSX 60 index advanced 0.7%.
The Canadian 10-year yield rose nearly one basis point to 1.231%.
Reporting by Fergal Smith Editing by Paul Simao.
A 60-year-old man and a 55-year-old woman killed in a wrong-way crash on Highway 401 earlier this week have been identified by the Consulate General of India in Toronto.
Three people have been arrested and charged in the killing of B.C. Sikh activist Hardeep Singh Nijjar – as authorities continue investigating potential connections to the Indian government.
Pius Suter scored with 1:39 left and the Vancouver Canucks advanced to the second round of the NHL playoffs with a 1-0 victory over the Nashville Predators on Friday night in Game 6.
TD Bank Group could be hit with more severe penalties than previously expected, says a banking analyst after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits.
A Quebec man who pleaded guilty to threatening Prime Minister Justin Trudeau and Premier François Legault has been sentenced to 20 months in jail.
RCMP say human remains found in a rural area in central Saskatchewan may have been there for a decade or more.
A source close to singer Britney Spears tells CNN that the pop star is 'home and safe' after she had a 'major fight' with her boyfriend on Wednesday night at the Chateau Marmont in West Hollywood.
As Wegovy becomes available to Canadians starting Monday, a medical expert is cautioning patients wanting to use the drug to lose weight that no medication is a ''magic bullet,' and the new medication is meant particularly for people who meet certain criteria related to obesity and weight.
Drew Carey took over as host of 'The Price Is Right' and hopes he’s there for life. 'I'm not going anywhere,' he told 'Entertainment Tonight' of the job he took over from longtime host Bob Barker in 2007.
Alberta Ballet's double-bill production of 'Der Wolf' and 'The Rite of Spring' marks not only its final show of the season, but the last production for twin sisters Alexandra and Jennifer Gibson.
A British Columbia mayor has been censured by city council – stripping him of his travel and lobbying budgets and removing him from city committees – for allegedly distributing a book that questions the history of Indigenous residential schools in Canada.
Three men in Quebec from the same family have fathered more than 600 children.
A group of SaskPower workers recently received special recognition at the legislature – for their efforts in repairing one of Saskatchewan's largest power plants after it was knocked offline for months following a serious flood last summer.
A police officer on Montreal's South Shore anonymously donated a kidney that wound up drastically changing the life of a schoolteacher living on dialysis.
Since 1932, Montreal's Henri Henri has been filled to the brim with every possible kind of hat, from newsboy caps to feathered fedoras.
Police in Oak Bay, B.C., had to close a stretch of road Sunday to help an elephant seal named Emerson get safely back into the water.
Out of more than 9,000 entries from over 2,000 breweries in 50 countries, a handful of B.C. brews landed on the podium at the World Beer Cup this week.
Raneem, 10, lives with a neurological condition and liver disease and needs Cholbam, a medication, for a longer and healthier life.