Parents of infant who died in wrong-way crash on Ontario's Hwy. 401 were in same vehicle
Ontario’s Special Investigations Unit has released new details about a wrong-way collision in Whitby on Monday night that claimed the lives of four people.
North American stock markets finished strong on Tuesday as they rebound from a sharp sell-off that was sparked by concerns around COVID-19 variants on Monday.
It marked an end to two straight days of heavy losses that saw Canada's main stock index drop more than 500 points starting Friday.
Erik Bregar, head of currency strategy at the Exchange Bank of Canada, said market sentiment has recovered, although trends for the rest of the week will be hard to predict.
“If there's anything that could probably shake up things, it might be the European Central Bank meeting on Thursday, but unless they give us some sort of dovish surprise, I don't see much directionality for the week,” said Bregar in an interview.
“I wouldn't be surprised if we've seen the big volatility for the week already and we're kind of just meandering for the rest of it.”
The S&P/TSX composite index was up 216.26 points at 19,942.71.
In New York, the Dow Jones industrial average was up 549.95 points at 34,511.99. The S&P 500 index was up 64.57 points at 4,323.06, while the Nasdaq composite was up 223.90 points at 14,498.88.
Healthcare and consumer discretionary stocks led the charge on the TSX, with 2.93 per cent and 2.19 per cent increases in those indexes respectively.
Rebounding oil and gas prices also helped lift the Canadian market, with the TSX's energy index rising by 1.41 per cent.
The September crude oil contract was up 85 cents at US$67.20 per barrel and the August natural gas contract was up 9.7 cents at US$3.87 per mmBTU.
Oil prices had plunged on Monday as concerns around rising case counts the Delta coronavirus variant led to a weaker demand outlook for the commodity.
The prospect of looser border restrictions appeared to give airline stocks a lift.
Air Canada ended the day up $1.52, or 6.5 per cent, at $24.96, while travel company Transat A.T. was up 24 cents or 4.3 per cent at $5.88.
The federal government announced Monday that as of Aug. 9, fully vaccinated U.S. citizens and permanent residents will be allowed to enter the country, with the rest of the world to follow Sept. 7.
The Canadian dollar also rose Tuesday, trading for 78.55 cents US compared with 78.38 cents US on Monday.
“It's also not surprising to see the loonie bounce when broader risk sentiment bounces,” said Bregar, who expects currency traders to buy on the dip in the U.S. dollar.
In the U.S., a pause in the decline of bond yields stuck out to him the most throughout the course of the day.
“I think the precipitous decline in U.S. yields … has really been the story of markets over the last month,” said Bregar.
“People have had a really hard time explaining why, and so today we're seeing a nice technical balance.”
Ten-year U.S. Treasury bond yields rose by three basis points to 1.215 per cent on Tuesday, with yields on 30-year bonds rising five basis points to 1.87 per cent (a basis point is one-hundredth of a percent).
This report by The Canadian Press was first published July 20, 2021.
Ontario’s Special Investigations Unit has released new details about a wrong-way collision in Whitby on Monday night that claimed the lives of four people.
Three men in Quebec from the same family have fathered more than 600 children.
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.
A spike in impaired driving-related collisions has caused Ontario’s provincial police to begin enforcing mandatory alcohol screening (MAS) at all traffic stops in the Greater Toronto Area -- a move one civil rights group says is ‘not acceptable.’
William Nylander scored twice and Joseph Woll made 22 saves as the Toronto Maple Leafs downed the Boston Bruins 2-1 on Thursday to force Game 7 in their first-round series.
Jurors in the hush money trial of Donald Trump heard a recording Thursday of him discussing with his then-lawyer and personal fixer a plan to purchase the silence of a Playboy model who has said she had an affair with the former president.
Staff at a small southern Alberta office supply store were shocked to find someone had broken into the business last week, but they were even more confused when they discovered the culprit was a bear.
A federal judge on Thursday sentenced a scuba dive boat captain to four years in custody and three years supervised release for criminal negligence after 34 people died in a fire aboard the vessel.
Fake text message and email campaigns trying to get money and information out of unsuspecting Canadian taxpayers have started circulating, just months after the federal government rebranded the carbon tax rebate the Canada Carbon Rebate.
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.
The lawyer for a residential school survivor leading a proposed class-action defamation lawsuit against the Catholic Church over residential schools says the court action is a last resort.
Mounties in Nanaimo, B.C., say two late-night revellers are lucky their allegedly drunken antics weren't reported to police after security cameras captured the men trying to steal a heavy sign from a downtown business.