Widow looking for answers after Quebec man dies in Texas Ironman competition
The widow of a Quebec man who died competing in an Ironman competition is looking for answers.
North American stock markets were relatively quiet Monday in advance of a flood of earnings reports from major U.S. and Canadian companies expected later this week.
The S&P/TSX composite index was down 23.47 points at 20,164.96.
In New York, the Dow Jones industrial average was up 83.16 points at 35,144.71. The S&P 500 index was up 10.44 points at 4,422.23, while the Nasdaq composite was up 3.72 points at 14,840.71.
Edward Jones investment strategist Angelo Kourkafas said that with a number of major North American stock indexes hovering near record highs, investors appeared to pause Monday for a breather before what is expected to be a busy week.
“We have a lot of S&P heavyweights who are set to report earnings, including Apple, Amazon, Facebook, Alphabet. And the same in Canada, we're expecting a wave of earnings from a number of energy stocks, as well as Shopify,” Kourkafas said. “About 20 per cent of the TSX companies will be reporting earnings this week.”
Canada's benchmark stock index plummeted to its lowest level in months a week ago on investor fears over rising COVID-19 case counts around the world, closing at 19,616.62. However, the S&P/TSX composite index spent the remainder of last week rebounding to close at 20,188.43 on Friday.
Kourkafas said while investors were spooked early last week by the Delta variant of the novel coronavirus and the potential risk it poses to the global economy, they appear to be gaining confidence as a growing number of companies report positive second-quarter results.
“The second quarter earnings season is off to a very strong start, and that's really what's allowed investors to look through the Delta variant uncertainties,” he said.
Kourkafas added if this week's earnings are also positive, the market rally will likely continue.
“Markets rarely move in a straight line ... so we won't be surprised if we see some volatility,” he said. “But we do have a lot of confidence that the business and markets side will prove durable and sustainable.”
The Canadian dollar traded for 79.69 cents US compared with 79.52 cents US on Friday.
The September crude oil contract was down 16 cents at US$71.91 per barrel and the September natural gas contract was up 4 cents at US$4.08 per mmBTU.
The August gold contract was down US$2.60 at US$1,799.20 an ounce and the September copper contract was up 18.5 cents at US$4.59 a pound.
This report by The Canadian Press was first published July 26, 2021.
The widow of a Quebec man who died competing in an Ironman competition is looking for answers.
Former NDP leader Tom Mulcair says that what's happening now in a trash-littered federal park in Quebec is a perfect metaphor for how the Trudeau government runs things.
The world is seeing a near breakdown of international law amid flagrant rule-breaking in Gaza and Ukraine, multiplying armed conflicts, the rise of authoritarianism and huge rights violations in Sudan, Ethiopia and Myanmar, Amnesty International warned Wednesday as it published its annual report.
A photographer who worked for Megan Thee Stallion said in a lawsuit filed Tuesday that he was forced to watch her have sex, was unfairly fired soon after and was abused as her employee.
Facing pushback from physicians and businesspeople over the coming increase to the capital gains inclusion rate, Prime Minister Justin Trudeau and his deputy Chrystia Freeland are standing by their plan to target Canada's highest earners.
The Senate passed legislation Tuesday that would force TikTok's China-based parent company to sell the social media platform under the threat of a ban, a contentious move by U.S. lawmakers that's expected to face legal challenges.
People living near a wildfire burning about 15 kilometres southwest of Peace River are being told to evacuate their homes.
The U.S. Senate has passed US$95 billion in war aid to Ukraine, Israel and Taiwan, sending the legislation to President Joe Biden after months of delays and contentious debate over how involved the United States should be in foreign wars.
A Winnipeg man said a single date gone wrong led to years of criminal harassment, false arrests, stress and depression.
The giant stone statues guarding the Lions Gate Bridge have been dressed in custom Vancouver Canucks jerseys as the NHL playoffs get underway.
A local Oilers fan is hoping to see his team cut through the postseason, so he can cut his hair.
A family from Laval, Que. is looking for answers... and their father's body. He died on vacation in Cuba and authorities sent someone else's body back to Canada.
A former educational assistant is calling attention to the rising violence in Alberta's classrooms.
The federal government says its plan to increase taxes on capital gains is aimed at wealthy Canadians to achieve “tax fairness.”
At 6'8" and 350 pounds, there is nothing typical about UBC offensive lineman Giovanni Manu, who was born in Tonga and went to high school in Pitt Meadows.
Kevin the cat has been reunited with his family after enduring a harrowing three-day ordeal while lost at Toronto Pearson International Airport earlier this week.
Molly Knight, a Grade 4 student in Nova Scotia, noticed her school library did not have many books on female athletes, so she started her own book drive in hopes of changing that.
Almost 7,000 bars of pure gold were stolen from Pearson International Airport exactly one year ago during an elaborate heist, but so far only a tiny fraction of that stolen loot has been found.