Hackers release corporate data stolen from London Drugs
Retailer London Drugs says cybercriminals who stole files from its corporate head office last month have released some of the data after it refused to pay a ransom.
Gains in energy and battery metals helped lift Canada's main stock index higher Tuesday as the price of oil also rose above US$70 a barrel.
The S&P/TSX composite index was up 49.58 points at 20,204.87, while U.S. stock markets were closed for the Independence Day holiday.
Energy stocks, along with other commodities, helped boost the TSX into the green on a low-volume day, said Mike Archibald, vice-president and portfolio manager with AGF Investments Inc.
Oil has been trading for weeks in a range between the high 60s and low 70s, he said, and Tuesday was no exception as the price of oil has climbed back above US$70 a barrel.
The uptick came after Saudi Arabia and Russia announced Monday they are extending July production cuts into August as they seek to boost the price of oil.
“Whether or not Russia and Saudi Arabia follow through on that remains to be seen, but yes, it's definitely … having a bit of an impact on the energy price today,” said Archibald.
Oil is still caught between the downward pull of the slowing global economy and the ongoing cuts pulling prices upward, he said: “That continues to be a battle.”
The rest of the week will see employment data coming out in the U.S. and Canada, which will help inform upcoming interest rate decisions by the central banks, said Archibald. Meanwhile, earnings season is on the horizon as investors eye U.S. firms' second-quarter reports amid a slowing economy.
In recent weeks there has been a bit of a reversion to underperforming areas of the market, but it's not yet clear how long-lasting this rotation will be, said Archibald, adding earnings will likely affect that outcome.
“Financials have done fairly well in the last week or so, and energy as well,” he said. “We'll have to see whether or not that follows through as we get further into the second half of the year.”
The Canadian dollar traded for 75.65 cents US compared with 75.53 cents US on Friday.
The August crude oil contract was up US$1.21 at US$71.00 per barrel as of late afternoon Tuesday, and the August natural gas contract was up four cents at US$2.75 per mmBTU.
The August gold contract was up US$4.10 at US$1,933.60 an ounce and the September copper contract was down less than a penny at US$3.79 a pound.
- With files from The Associated Press
This report by The Canadian Press was first published July 4, 2023.
Retailer London Drugs says cybercriminals who stole files from its corporate head office last month have released some of the data after it refused to pay a ransom.
A Toronto man who won $70 million in a recent Lotto Max draw literally fell off his chair when he saw the funds in his bank account.
Approximately 50 Montreal-area students — the vast majority of them female — were suspended Wednesday after their school deemed the shorts they were wearing were too short. On Thursday, several students staged a walk-out to protest what they believe is a "sexist" dress code that unfairly targets girls.
Something shifted in the pretty little village of Lumby, B.C., after Tatjana Stefanski vanished. It used to be the sort of place where parents let their kids roam free or play in the local creek, but everything has changed.
Celine Dion's fans are getting a first glimpse of the superstar's struggle with a rare neurological disorder in an emotional trailer for an upcoming documentary about her career and life.
An unlikely celebrity emerged from social media to cheer on the Edmonton Oilers as they face the Dallas Stars tonight in Game 1 of the Western Conference Finals.
American Airlines has distanced itself from a court filing in which the carrier said a nine-year-old girl should have noticed there was a camera taped to the seat of an airplane lavatory.
French luxury makeup and skincare brand Clarins is pulling out of Hudson's Bay stores in Canada.
The B.C. Supreme Court has ruled in the provincial government's favour on the City of Surrey's legal challenge to its ongoing transition to a municipal police force, according to B.C. Minister of Public Safety and Solicitor General Mike Farnworth.
The proprietors of Regina's sole discount theatre are aware they're carrying on a significant legacy.
When Jujhar Mann said he wanted to be a pastry chef on a grade school career project, he didn't imagine that pursuing his dream would land him on a popular Netflix baking competition.
A city known for its history, ties to outer space and southern barbecue, is also home to a Winnipeg chef dishing out dozens of perogies.
A Montreal photographer captured the moment a Canada goose defended itself from a fox at the Botanical Garden.
Public libraries in Atlantic Canada are now lending a broader range of items.
Flashes of purple darting across the sky mixed with the serenading sound of songs will be noticed more with spring in full force in Manitoba.
Catching 'em all with impressive speed, a 7-year-old boy from Windsor, Ont. who only started his competitive Pokémon journey seven months ago has already levelled up to compete at a world championship level.
A sanctuary dedicated to animals with disabilities is celebrating the third birthday of one of its most popular residents.
2b Theatre recently moved into the old Video Difference building, seeking to transform it into an artistic hub, meeting space, and temporary housing unit for visiting performers in Halifax.