'Unruly passenger' forces WestJet flight to make emergency landing in B.C.
A WestJet flight heading to Calgary had to make an emergency landing in northern B.C. Monday due to an incident involving an 'unruly passenger,' Mounties say.
Canada's main stock index reached record highs on a broad rally led by the strength of the financial and energy sectors as the price of oil climbed past US$82 per barrel.
"Great day, on the heels of a great day yesterday," Allan Small, senior investment adviser at IA Private Wealth, said Friday.
"It looks like we're on a bit of a roll coming out of the September funk."
The S&P/TSX composite index closed up 108.16 points to 20,928.10 after reaching an intraday high of 20,969.36. The market climbed 2.5 per cent over the Thanksgiving holiday-shortened week for its best performance since early March.
The Toronto market is up 4.3 per cent so far in October and 20 per cent year-to-date.
In New York, the Dow Jones industrial average was up 382.20 points at 35,294.76. The S&P 500 index was up 33.11 points at 4,471.37, while the Nasdaq composite was up 73.91 points at 14,897.34.
The three main sectors on the TSX were "on fire" for much of the day, Small said, as the heavyweight financials sectors led, oil prices pushed energy up despite a drop in natural gas prices, and copper helped materials even though gold fell.
Financials gained nearly per cent with the Toronto-Dominion Bank up 1.8 per cent and Bank of Montreal 1.5 per cent higher as the banks moved up in sympathy with the U.S. banks that have reported strong quarterly results.
Positive signs from U.S. banks, such as improving loan loss provisions, may be echoed when Canadian banks report results next month.
"So just a general good feeling in the markets right now," Small said in an interview, adding that economic data such as U.S. retail sales were above analyst expectations.
He said there's a general sense that supply chain and COVID-19 constraints are getting better and inflation should start to abate a little bit.
"If that is true, then we could see higher markets moving forward."
Energy increased as crude oil prices continued to march higher, helping to boost MEG Energy Corp. climb 2.1 per cent and Canadian Natural Resources Ltd. gain 1.9 per cent.
The November crude contract was up 97 cents at US$82.28 per barrel and the November natural gas contract was down 27.7 cents at US$5.41 per mmBTU.
The Canadian dollar traded for 80.78 cents US compared with 80.83 cents US on Thursday.
Materials was slightly higher with First Quantum Minerals Ltd. up eight per cent.
The December gold contract was down US$29.60 at US$1,768.30 an ounce and the December copper contract was up 9.8 cents at US$4.73 a pound.
Technology was one of seven sectors that gained on the day as shares of Hut 8 Mining Inc. surged 15.4 per cent as the digital currency miner benefited from the price of Bitcoin moving above US$60,000.
Small said Bitcoin has climbed on reports that the U.S. may soon offer a Bitcoin or cryptocurrency ETF that is already available in Canada.
He said markets posted great ends to another volatile week.
"And in my opinion, I think volatility continues. But I think we are higher come Dec. 31 than we are today. It's just going to be a bit choppy getting there, but I think we can still move higher before year-end."
This report by The Canadian Press was first published Oct. 15, 2021.
A WestJet flight heading to Calgary had to make an emergency landing in northern B.C. Monday due to an incident involving an 'unruly passenger,' Mounties say.
It’s the airplane seat design that launched a thousand memes and kickstarted a media storm. And now the double-level seat is back – only this time, with a twist.
Three people were shot to death in a small South Dakota town, and a former law officer who once served as the town's mayor is charged in the killings.
Dermatologists are sounding the alarm about misinformation from the anti-sunscreen movement, saying not wearing sunscreen can cause cancer and other problems.
Pierre Poilievre's Conservative Party is offering to help Prime Minister Justin Trudeau's Liberal government pass a piece of legislation aimed at countering foreign interference in Canada.
An associate professor at McMaster University has been fired after its board of governors found that he engaged in 'unethical, inappropriate and in some instances exploitative' sexual relationships with students.
The actor Richard Dreyfuss showed up in a dress at a 'Jaws'-themed event in Massachusetts, where the blockbuster 1975 movie he starred in was shot, and then proceeded to make demeaning remarks about women, LGBTQ2S+ people and diversity.
There is 'irrefutable evidence' a member of the Parole Board of Canada sexually harassed multiple employees, without adequate disciplinary action from management, according to a report by Canada's Public Sector Integrity Commissioner.
'Son of Sam' killer David Berkowitz, who set New York City on edge with late-night shootings in the 1970s, was denied parole after his twelfth board appearance.
It's been a long time coming, but one Oilers superfan is hoping this will be the year he gets to touch up his massive Stanley Cup back tattoo.
A man's daring rescue of a newborn wild foal that was trapped after falling down a steep embankment was caught on video over the weekend.
A Winnipeg pinball wizard is heading to the granddaddy of them all – the IFPA World Pinball Championship.
It’s the chance of a lifetime for a group of Ottawa athletes who are getting ready to represent Team Canada at the World Junior Ultimate championships in the United Kingdom.
Parishioners at Holy Trinity Anglican Church are praying for a monetary miracle, as their historic place of worship could collapse at any moment.
A Saskatchewan man made it to the summit of Mount Everest earlier this month.
IAMGOLD’s Cote Gold open pit mine, located off Highway 144 between Timmins and Sudbury, had its official ribbon-cutting ceremony this week as production ramps up.
When one is extended an invitation to the Royal Garden Party in London, England, there's undoubtedly no shortage of pomp and circumstance. Barrie, Ont. natives Megan Kirk Chang and her husband Brandon experienced just that as they entered the prestigious event hosted at Buckingham Palace on Tuesday.
An unlikely celebrity emerged from social media to cheer on the Edmonton Oilers as they face the Dallas Stars tonight in Game 1 of the Western Conference Finals.