BREAKING Shooting outside of Drake's Bridle Path mansion, 1 person seriously injured: source
Toronto police are investigating a shooting that took place outside of Drake’s Bridle Path mansion early Tuesday morning, a source tells CP24.
Canada's main stock index posted its first gain in six days as it joined U.S. markets in staging comebacks from steep morning losses for a second day in a row.
The S&P/TSX composite index closed up 19.68 points to 20,590.98 on Tuesday after losing more than 400 points in early trading.
In New York, the Dow Jones industrial average ended the day down 66.77 points at 34,297.73 after being down more than 800 points.
The tech-heavy Nasdaq composite lost 315.83 points at 13,539.30, while the S&P 500 index was down 53.68 points at 4,356.45. Both closed up from their morning lows when they were in correction territory and off more than 10 per cent from their recent highs. The S&P ended the day down 9.6 per cent from its peak while Nasdaq is off 16.5 per cent.
“Volatility continues to grip the marketplace and has shown little in the way of subsiding,” said Candice Bangsund, portfolio manager for Fiera Capital.
The trading came ahead of central bank interest rate decisions Wednesday in Canada and the U.S. with investors “contemplating the prospect for an accelerated path to policy normalization that has sent bond yields soaring and weighed on stock markets,” she wrote in an email.
U.S. 10-year treasuries reached 1.781 per cent, which benefited financial sectors in both countries, but hurt technology.
The heavyweight banking sector moved higher on the TSX with shares of Bank of Montreal and Laurentian Bank up 1.6 and 1.5 per cent, respectively.
Energy led the gains in Toronto, rising 3.6 per cent as higher crude oil prices powered Baytex Energy Corp. up 6.7 per cent and Vermilion Energy Inc. 5.8 per cent higher.
“Despite the fragile mood in the marketplace, crude oil prices resumed their powerful rally and traded near US$85 per barrel, with a solid outlook for global energy demand underpinning prices,” Bangsund said.
The March crude oil contract was up US$2.29 at US$85.60 per barrel and the March natural gas contract was up 1.9 cents at US$3.89 per mmBTU.
The Canadian dollar traded for 79.18 cents US compared with 79.01 cents US on Monday.
Geopolitical risks stemming from a potential Russian incursion in Ukraine and fourth-quarter results that sometimes missed expectations have added to the “wall of worry for investors,” she added.
Of the 68 companies in the S&P 500 that have reported fourth-quarter results so far, 19.1 per cent have missed analysts' earnings-per-share estimates, compared with 14.2 per cent in the third quarter.
Materials was higher as gold prices rose as recent volatility helped to “buttress demand for the safe-haven metals.”
The February gold contract was up US$10.80 at US$1,852.50 an ounce and the March copper contract was up 3.8 cents at US$4.45 a pound.
Turquoise Hill Resources Ltd. shone Tuesday as its shares surged 15.6 per cent on updates about the future of its mine in Mongolia.
Technology was the biggest laggard, losing 3.0 per cent on the TSX with Shopify Inc. down 4.9 per cent and Lightspeed Commerce Inc. off 4.0 per cent.
This report by The Canadian Press was first published Jan. 25, 2022.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD
Toronto police are investigating a shooting that took place outside of Drake’s Bridle Path mansion early Tuesday morning, a source tells CP24.
Prince Harry will not be seeing his father King Charles during his current visit to Britain as the monarch will be too busy, Harry's spokesperson said on Tuesday.
Movement is movement, right? Not exactly. Here’s what your body is looking for in addition to your morning walk or yoga session, according to experts.
An Ontario man says he paid more than $7,700 for a luxury villa he found on a popular travel website -- but the listing was fake.
Sporting mullets, Canadian Armed Forces officer cadets placed second in an annual military skills competition in the U.S.
The Met Gala and its fashionista A-listers on Monday included Jennifer Lopez, Zendaya and a parade of others in a swirl of flora and fauna looks on a green-tinged carpet lined by live foliage.
Quebec is looking at tightening the regulations around sperm donation in the province following the release of a documentary that revealed three men from the same family fathered hundreds of children.
As the higher cost of living continues to squeeze household budgets, many Canadians find they have even less left over at the end of every month to squirrel away for the future.
The rumours are true: Vegetables aren't real — that is, in botany, anyway. While the term fruit is recognized botanically as anything that contains a seed or seeds, vegetable is actually a broad umbrella term.
Whether passionate about Poirot or hungry for Holmes, Winnipeg mystery obsessives have had a local haunt for over 30 years in which to search out their latest page-turners.
Eighty-two-year-old Susan Neufeldt and 90-year-old Ulrich Richter are no spring chickens, but their love blossomed over the weekend with their wedding at Pine View Manor just outside of Rosthern.
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 mother goose and her goslings caused a bit of a traffic jam on a busy stretch of the Trans-Canada Highway near Vancouver Saturday.
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.