'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.
Energy helped to power Canada's main stock index higher to start the week as crude oil prices rose to a near three-month high and natural gas soared 10 per cent to the highest level since late 2013.
The S&P/TSX composite index closed up 60.76 points to 20,463.42 after hitting an intraday high of 20,503.83.
Colin Cieszynski, chief market strategist at SIA Wealth Management, attributed the continued energy pricing gains to an improvement in demand as the Delta variant is carrying less of a punch while oil supply is being constrained by OPEC and its allies.
"I think that people are probably thinking, 'Well, maybe we won't have the lockdowns that we had in the past' because particularly in the U.S., numbers did look like they've been turning the corner and so that certainly helps," he said in an interview.
The energy sector climbed 3.1 per cent with shares of Enerplus Corp. up 10.2 per cent, followed by Crescent Point Energy Corp. at 10.1 per cent, MEG Energy Corp. at 7.6 per cent and Whitecap Resources Inc. each at 7.1 per cent.
The November crude contract was up US$1.47 at US$75.45 per barrel and the November natural gas contract was up 53.1 cents at US$5.73 per mmBTU.
The more optimistic outlook also helped the transportation sector with Air Canada shares rising 3.5 per cent.
"That's a sector that had been hit pretty hard by the pandemic, so I think we are seeing some interest in some of the pandemic impacted sectors as well. Just probably a feeling that a Delta wave isn't going to have the impact on the economy that previous waves had," Cieszynski said.
The Canadian dollar traded for 79.13 cents US, its highest level in 11 trading sessions and compared with 78.86 cents US on Friday.
Health care gained 2.7 per cent led by Aurora Cannabis Inc., which gained seven per cent as it released quarterly results.
The heavyweight financials sector moved higher with shares of several Canadian banks increasing as the U.S. 10-year bond yield climbed above 1.5 per cent for the first time since the beginning of July. It reached a high of 1.517 per cent but ended the day below the threshold.
Materials was also higher despite flat metals prices.
The December gold contract was up 30 cents at US$1,752.00 an ounce and the December copper contract was up 0.4 of a cent at US$4.29 a pound.
In New York, stock markets were mixed. The Dow Jones industrial average was up 71.37 points at 34,869.37. Technology companies caused the S&P 500 index to lose 12.37 points at 4,443.11, while the Nasdaq composite was down 77.73 points at 14,969.97.
Contentious votes in Congress on infrastructure spending and raising the debt ceiling will continue to raise concerns before some sort of deal is likely, said Cieszynski.
In Canada, GDP and manufacturing PMI numbers come out on Friday. September jobs numbers aren't available until Oct. 8.
Cieszynski said the historically choppy month of September is winding down with the prospect that the fluctuations will continue into early October.
"We might still see some choppiness through until earning season picks up in a couple of weeks."
This report by The Canadian Press was first published Sept. 27, 2021.
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 suspect in a homicide investigation after a man was slashed in downtown Toronto on Sunday.
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.