![](https://www.ctvnews.ca/polopoly_fs/1.6928617.1718492429!/httpImage/image.png_gen/derivatives/landscape_800/image.png)
Ottawa Food Bank receives largest donation in its 40-year history
210,000 pounds of food was delivered to the Ottawa Food Bank on Saturday, the largest donation in its 40-year history.
Canada's main stock index declined Thursday for a sixth straight session, driven by a commodities sell-off affecting oil and mining companies.
"We've seen quite a selloff in some of those commodity producers today," said Ryan Crowther, vice-president and portfolio manager with Franklin Templeton Canada.
"It's why we see the Canadian market weaker than the U.S. today -- just because we've got the energy and materials sector making up a more significant contingent of the equity markets here in Canada."
The S&P/TSX composite index was down 86.75 points at 20,215.36.
In New York, the Dow Jones industrial average was down 66.57 points at 34,894.12. The S&P 500 index was up 5.53 points at 4,405.80, while the Nasdaq composite was up 15.88 points at 14,541.79.
The Canadian dollar traded for 78.17 cents US compared with 79.18 cents US on Wednesday.
The October crude oil contract was down US$1.71 at US$63.50 per barrel and the September natural gas contract was down 2 cents at US$3.83 per mmBTU.
The December gold contract was down $1.30 at US$1,783.10 an ounce and the September copper contract was down eight cents at US$4.04 a pound.
Many Canadian mining and energy stocks declined on Thursday as commodity prices fell. Labrador Iron Ore Royalty Corp. was down 9.83 per cent at end of day, while mining giant Teck Resources and copper explorer Lundin Mining Corp were both down more than 7 per cent.
Crowther said investors are risk-averse right now right now due to growing global concerns about the potential economic impact of the COVID-19 Delta variant. When investors are nervous, they tend to divest from higher-risk sectors like minerals and metals.
Oil is also extremely vulnerable to negative headlines about COVID-19, as public health lockdowns anywhere on the globe have a significant impact on fuel demand. On Thursday, oil fell to its lowest level since May at US$63.50 per barrel.
The S&P/TSX energy index was down 1.72 per cent Thursday.
Another reason markets were on the defensive Thursday, Crowther said, were minutes released this week from the U.S. Federal Reserve gathering in July, which indicate the central bank could make a formal decision on scaling back its bond buying program by year-end. This expected tapering of pandemic emergency relief programs is making some investors jittery, as the potential effect on consumer behaviour remains unclear.
It's unknown whether this week's market decline will be short-lived or whether it's the beginning of a trend, Crowther said -- though he added investors should be careful.
"We'd be urging investors to use cautions when they're looking at stocks to invest in . . . because I would view valuations in the market as being 'glass half-full' right now," he said.
This report by The Canadian Press was first published Aug. 19, 2021.
210,000 pounds of food was delivered to the Ottawa Food Bank on Saturday, the largest donation in its 40-year history.
Your father's diet before you were born could have played a role in your health, a new study has found.
Canadians would get more than $1 billion in unclaimed benefits each year through an automatic tax filing system, according to a report published by the Parliamentary Budget Officer (PBO).
Nova Scotia has installed fewer than 10 per cent of the 200 shelters it promised to set up for the province's homeless residents more than eight months after first making the pledge.
Prince William on Sunday shared a photograph showing him as a child with his father, King Charles III, to mark Father’s Day in the United Kingdom this year.
Some of Hollywood's brightest stars headlined a fundraiser for U.S. President Joe Biden that took in a record US$30 million-plus for a Democratic candidate, according to his campaign, in hopes of energizing would-be supporters for a White House contest they said may rank among the most consequential in U.S. history.
A fire in an underground parking facility in Regina led to no injuries, according to the city's fire department.
Donald Trump blamed immigrants for stealing jobs and government resources as he courted separate groups of Black voters and hardcore conservatives in battleground Michigan on Saturday.
On a day that a local state of emergency was declared in Calgary, city residents answered a request from the mayor and emergency officials to use less water.
The thunderstorm that hit Ottawa Thursday evening was accompanied by heavy rain and lightning that struck a house in Orléans.
Canadian and U.S. ironworkers shook hands across the border as the Gordie Howe bridge deck officially becomes an international crossing.
Age may be just a number to George Steciuk, but it’s just one of many that add up to one inspirational athlete.
It has taken more than 100 years, but Almonte’s forgotten soldier, George B. Monterville has had his name etched back into history.
For Father's Day, CP24.com and CTVNewsToronto.ca reached out to local politicians, community advocates, and other prominent figures in the city to ask them to share what important lesson they have learned from their dads.
Fancy Pokket owner Mike Timani has decided to create a 220-foot long flat bread to celebrate its 35th anniversary.
If certain goals that are in the Paris Climate Accord aren't met, the existence of polar bears in the Hudson Bay may come to an end.
In an attempt to invite one of the most popular recording artists in the world to the land of living skies – the City of Swift Current has offered to rename itself in honour of Taylor Swift.
More than a dozen dogs arrived by Cargojet early Thursday morning to the People for Animal Wellbeing Shelter to find a permanent place to call home in New Brunswick.