Couple randomly attacked, 1 stabbed, by group of teens in Toronto, police say
A man has been transported to hospital after police say he was stabbed in a random attack carried out by a group of teens in Toronto on Friday night.
Canada's main stock index was largely unchanged Tuesday as weakness in energy was offset by gains in telecom and industrials, while U.S. markets were mixed.
The S&P/TSX composite index was down 2.03 points at 20,629.55.
In New York, the Dow Jones industrial average was up 104.40 points at 33,733.96. The S&P 500 index was down 2.86 points at 4,016.95, while the Nasdaq composite was down 30.14 points at 11,334.27.
Markets are anticipating a pivot in interest rate policies from central banks soon, said Kevin Burkett, portfolio manager at Victoria-based Burkett Asset Management.
The Bank of Canada is widely expected to announce a quarter of a percentage point hike Wednesday and then pause, while the Federal Reserve is also expected to be near the end of its cycle.
"Certainly, the tone is changing," said Burkett. "And that's what's driven markets higher in the first few weeks of this year."
He also expects the commentary from central banks will begin to shift, with the Fed tempering some of the inflation-fighting rhetoric that defined its position last year.
U.S. earnings continued to roll in on Tuesday, with some firms missing estimates.
Markets are anticipatory, so while earnings last year were good even as markets declined, now the decline is beginning to show in company results, said Burkett. He expects this will continue as earnings begin to reflect interest rate hikes and their effects on different parts of the economy, and added that results this year are likely to diverge significantly between companies and sectors.
The Canadian dollar traded for 74.79 cents US compared with 74.73 cents US on Monday.
The March crude contract was down US$1.49 at US$80.13 per barrel and the March natural gas contract was down 17 cents at US$3.06 per mmBTU.
Energy weighed on the TSX Tuesday, with the energy index down more than one per cent. The price of oil was down on continued uncertainty regarding future demand from China amid its rocky reopening, said Burkett.
Oil prices were rising late last year because of optimism over a possible recovery and subsequent uptick in demand from China, said Burkett, as well as over the constraint of Russian supply.
But “neither of those things have delivered in a way that would send oil prices higher,” he said.
The February gold contract was up US$6.80 at US$1,935.40 an ounce and the March copper contract was down a penny at US$4.25 a pound.
This report by The Canadian Press was first published Jan. 24, 2023.
A man has been transported to hospital after police say he was stabbed in a random attack carried out by a group of teens in Toronto on Friday night.
Ron Ellis, who played over 1,000 games with the Toronto Maple Leafs and was a member of Canada's team at the 1972 Summit Series, has died at age 79.
The wildfire that sparked Friday and caused evacuation orders for more than 3,000 people in Fort Nelson, B.C., and the nearby Fort Nelson First Nation, has grown to nearly 1,700 hectares in size, according to a Saturday morning update from the BC Wildfire Service.
Hours before the final, Dutch contestant Joost Klein was dramatically booted out by organizers over a backstage incident. He had failed to perform at two dress rehearsals on Friday, and contest organizer the European Broadcasting Union said it was investigating an "incident."
From London, to Grand Bend, Collingwood and Guelph, here are some highlights of Friday night and Saturday morning's northern lights display.
A growing number of civilians and police officers are demanding the dismissal and arrest of Haiti's police chief as heavily armed gangs launched a new attack in the capital of Port-au-Prince, seizing control of yet another police station early Saturday.
Irresponsibly using a credit card can land you in financial trouble, but personal finance columnist Christopher Liew says when used properly, it can be a powerful wealth-building tool that can help grow your credit profile and create new opportunities.
Where you live plays a big factor in what you pay at the grocery store. And while it's no secret the same item may have a different price depending on the store, city or province, we wanted to see just how big the differences are, and why.
The rolling hills leading to the hamlet of Rosebud are dotted with sprawling farms and cattle pastures -- and a sign sporting a simple message: No Race Track.
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.
The stakes have been set for a bet between Vancouver and Edmonton's mayors on who will win Round 2 of the Stanley Cup playoffs.
A grieving mother is hosting a helmet drive in the hopes of protecting children on Manitoba First Nations from a similar tragedy that killed her daughter.