From outer space? Sask. farmers baffled after discovering strange wreckage in field
A family of fifth generation farmers from Ituna, Sask. are trying to find answers after discovering several strange objects lying on their land.
Canada's main stock index had another record day on broad gains as crude oil futures settled above US$70 a barrel for the first time since the October 2018.
The S&P/TSX composite index gained 30.62 points to a record close of 20,065.92 after setting an intraday high of 20,106.20.
The Toronto stock market is up more than 15 per cent so far in 2021.
In New York, the Dow Jones industrial average was down 30.42 points at 34,599.82. The S&P 500 index was up 0.74 of a point at 4,227.26, while the Nasdaq composite was up 43.19 points at 13,924.91.
It was generally a very quiet day on markets with little news to drive activity.
“It's just one of those kind of typical June days,” said Colin Cieszynski, chief market strategist at SIA Wealth Management.
The Bank of Canada meets Wednesday ahead of gatherings by other central banks, including the U.S. Federal Reserve.
The Canadian bank isn't expected to adjust interest rates or increase its tapering of monetary supply.
The U.S. bank will study Thursday's inflation numbers before its meeting the following week.
Canada posted a surprise $594-million merchandise trade surplus in April even as both imports and exports fell as the auto sector was hurt by a shortage of computer chips.
The report didn't hurt markets, Cieszynski said in an interview.
“If nothing else, it was a little bit of good news to help keep the market going.”
Seven of the 11 major sectors on the TSX were up, led by industrials, real estate, technology and energy.
Industrials climbed as Air Canada shares gained 6.3 per cent amid a continuing economic reopening and discussion by federal authorities about a reopening of the border.
Prime Minister Justin Trudeau said Tuesday that Canada will eventually take steps to ease border restrictions for fully vaccinated people, but did not give a date.
“If that happens, that's certainly beneficial for Air Canada,” Cieszynski said.
Ottawa may have dipped its toe in that direction by agreeing this week to issue a travel exemption to allow the Montreal Canadiens and an American counterpart hockey team to cross the border during the third and final rounds of the NHL playoffs.
Energy was up as crude oil prices rose to its highest level in more than 2 1/2 years on growing demand and a controlled increase in supply.
The July crude contract was up 82 cents at US$70.05 per barrel and the July natural gas contract was up 5.8 cents at US$3.13 per mmBTU.
Shares of Cenovus Energy Inc. rose 4.2 per cent.
A potential nuclear deal with Iran isn't expected to be reached quickly, which has allowed prices to move higher.
The Canadian dollar traded for 82.67 cents US compared with 82.83 cents US on Monday.
Technology was also higher with Lightspeed POS Inc. up 2.6 per cent after announcing two new acquisitions.
Materials slipped as a strong U.S. dollar weighed on gold prices.
The August gold contract was down US$4.40 at US$1,894.40 an ounce and the July copper contract was up nearly three cents at US$4.56 a pound.
This report by The Canadian Press was first published June 8, 2021.
A family of fifth generation farmers from Ituna, Sask. are trying to find answers after discovering several strange objects lying on their land.
The National Post is reporting that Rex Murphy, the pundit and columnist who hosted a national call-in radio show for decades, has died.
Another suspect is in custody in connection with the gold heist at Toronto Pearson International Airport last year, police say.
Careful attention to government statements and legislation is required to get a handle on the level of risk British Columbians’ information is under, as investigators probe multiple breaches under a continued barrage of attacks.
A southwestern Ontario woman has received an $8,400 bill from a hospital in Windsor, Ont., after she refused to put her mother in a nursing home she hated -- and she says she has no intention of paying it.
A Conservative government led by Pierre Poilievre would not legislate on, nor use the notwithstanding clause, on abortion, his office says, as anti-abortion protesters gather on Parliament Hill.
Hailey and Justin Bieber are going to be parents. The couple announced the news on Thursday on Instagram, both sharing a video that showcases Hailey Bieber's growing belly.
Studies have shown that ultraprocessed foods can have a detrimental impact on health. But 30 years of research show they don’t all have the same impact.
The Oscar-winning team behind the nearly US$6 billion blockbuster 'Lord of the Rings' and 'The Hobbit' trilogies is reuniting to produce two new films.
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.
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.
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.
A chicken farmer near Mattawa made an 'eggstraordinary' find Friday morning when she discovered one of her hens laid an egg close to three times the size of an average large chicken egg.
A P.E.I. lighthouse and a New Brunswick river are being honoured in a Canada Post series.
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.