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.
Canada's main stock index closed down Wednesday along with U.S. stock markets as investors continue to digest the potential for higher interest rates.
The S&P/TSX composite index started up, but ended down 69.41 points at 21,205.16 as financial, tech, and energy stocks fell.
"Most of the stocks across the board are down after starting the day pretty strong," said Michael Currie, vice-president and investment adviser at TD Wealth.
The index was down despite strong gains for commodities, including the February gold contract closing up US$30.80 at US$1,843.20 an ounce and oil hitting a seven-year high as the March crude oil contract ended up 97 cents at US$85.80 per barrel.
"I'm a little bit shocked that Toronto's down, just because it was such a good day for gold and oil overall," said Currie.
He said that the news for oil on the day was positive, including the price gains and the International Energy Agency forecasting higher demand, but that the drop in energy stocks may have just been profit taking after the TSX energy index gained 17 per cent so far this year.
Materials, however, was a bright spot, with the index up more than four per cent as both gold and copper prices rose. Big winners included Barrick Gold Corp. up 8.52 per cent, Yamana Gold up 8.19 per cent, and Kinross Gold Corp. up 7.86 per cent.
The gold price was likely boosted by some slackening of bond yields, said Currie.
"The 10 year yield in the U.S. for several days now has had a really really good start, and it's had a little bit of a pullback today, so that has definitely helped gold."
In New York, the Dow Jones industrial average closed down 339.82 points at 35,028.65. The S&P 500 index was down 44.35 points at 4,532.76, while the Nasdaq composite was down 166.64 points at 14,340.25 points.
The Canadian dollar traded for 80.05 cents US compared with 79.81 cents US on Tuesday on a day that Statistics Canada reported an annual inflation of 4.8 per cent in December to reach the highest level in 30 years.
The high inflation rate had economists predicting the Bank of Canada could start raising interest rates as soon as next week with several more increases expected this year.
The February natural gas contract was down 25 cents at US$4.03 per mmBTU, and the March copper contract was up nine cents at US$4.47 a pound.
This report by The Canadian Press was first published Jan. 19, 2022.
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.