'He's in our hearts': Family and friends still seek answers one year after Nathan Wise’s disappearance
It’s been a year since Nathan Wise went missing and his family is no closer to finding out what happened to him.
Canada's main stock index eked out another record high on Friday as losses in the technology sector were offset by gains in the energy sector.
The S&P/TSX composite index closed up just 3.76 points at 21,216.15, but specific sectors saw more individual movement, said Greg Taylor, chief investment officer with Purpose Investments.
“(The market) looked relatively flat today, but under the surface there was a lot of sector rotation going on,” Taylor said.
The energy sector was the best performer, gaining 1.32 per cent. The price of crude oil hit US$84 a barrel Friday after a brief sell-off earlier this week. Crude has gained more than 11 per cent this month alone and more than 70 per cent since the start of the year.
The December crude oil contract was up $1.26 at US$83.76 per barrel and the January natural gas contract was up 10 cents at US$5.56 per mmBTU.
Taylor said Canadian energy companies are expected to generate a lot of free cash flow at these commodity prices.
“I think that's really catching the attention of the investors, who it feels like had really forgotten about the energy stocks the last few years,” he said. “It's a sector that's doing very well, but it's very under-owned. And people are starting to come back to it.”
The price of gold also moved higher Friday, likely on concerns over inflation, Taylor said. The December gold contract was up US$14.40 at US$1,796.30 an ounce while the December copper contract was down six cents at US$4.50 a pound.
However, gains in energy as well as the industrials and materials sectors were somewhat offset by losses on the technology side. The S&P/TSX capped information technology index was down 1.83 per cent. Taylor said this can be partly attributed to disappointing quarter results from U.S. tech giants Intel Corporation and Snap Inc., the parent company of Snapchat.
“Technology's an area that's had a pretty good run the last few weeks, but it looks like it's under pressure today and that's taken down Shopify and some of the other Canadian names,” he said.
Shares in Shopify Inc. closed at $1,764.23, down 86.25 points or 4.66 per cent.
In New York, the Dow Jones industrial average was up 73.94 points at 35,677.02. The S&P 500 index was down 4.88 points at 4,544.90, while the Nasdaq composite was down 125.50 points at 15,090.20.
The Canadian dollar traded for 80.93 cents US compared with 80.97 cents US on Thursday.
Canadian telecom giant Rogers Communications Inc. grabbed headlines this week due to an escalating boardroom fight between the company and Edward Rogers, who was removed as Rogers chair Thursday but remains chair of the family trust that controls the company.
However, the company's share price remained relatively flat, closing at $60.02, down just 0.28 per cent.
Taylor said the lack of movement is probably a sign that investors still expect the $26-billion deal Rogers signed earlier this year to take over rival Shaw Communications Inc to go through.
“As much as the boardroom activities are interesting, it doesn't seem to be impacting the share price too much,” Taylor said.
This report by The Canadian Press was first published Oct. 22, 2021.
It’s been a year since Nathan Wise went missing and his family is no closer to finding out what happened to him.
Dozens of Ontarians are expressing frustration in the province’s health-care system after their family doctors either dropped them as patients or threatened to after they sought urgent care elsewhere.
An Ottawa pizzeria is being recognized as one of the top 20 deep-dish pizzas in the world.
Amazon's paid subscription service provides free delivery for online shopping across Canada except for remote locations, the company said in an email. While customers in Iqaluit qualify for the offer, all other communities in Nunavut are excluded.
The fire burning near Fort McMurray grew from 25 hectares to 5,500 hectares over the weekend.
Russia’s President Vladimir Putin began a Cabinet shakeup on Sunday, proposing the replacement of Sergei Shoigu as defence minister as he begins his fifth term in office.
Police are searching for a male suspect after a man was “slashed in neck” on Sunday morning in downtown Toronto and died.
There were some scary moments for several people on a northern Ontario highway caught on video Thursday after a chain reaction following a truck fire.
Health Canada announced various product recalls this week, including electric adapters, armchairs, cannabis edibles and vehicle components.
English, history, entertainment, math and geography: high school trivia teams could be quizzed on any of it when they compete at the Reach for the Top Nationals in Ottawa in June.
An Ottawa pizzeria is being recognized as one of the top 20 deep-dish pizzas in the world.
A family of fifth generation farmers from Ituna, Sask. are trying to find answers after discovering several strange objects lying on their land.
A Listowel, Ont. man, drafted by the Hamilton Tigercats last week, is also getting looks from the NFL, despite only playing 27 games of football in his life.
The threat of zebra mussels has prompted the federal government to temporarily ban watercraft from a Manitoba lake popular with tourists.
A small Ajax dessert shop that recently received a glowing review from celebrity food critic Keith Lee is being forced to move after a zoning complaint was made following the social media influencer’s visit last month.
The Canada Science and Technology Museum is inviting visitors to explore their poop. A new exhibition opens at the Ottawa museum on Friday called, 'Oh Crap! Rethinking human waste.'
The Regina Police Service says it is the first in Saskatchewan and possibly Canada to implement new technology in its detention facility that will offer real-time monitoring of detainees’ vital health metrics.
Just as she had feared, a restaurant owner from eastern Quebec who visited Montreal had her SUV stolen, but says it was all thanks to the kindness of strangers on the internet — not the police — that she got it back.