'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 was down almost 150 points Monday with broad-based losses, while U.S. stock markets retreated further from last week's gains.
The S&P/TSX composite index was down 142.37 points at 20,572.11.
In New York, the Dow Jones industrial average was down 260.99 points at 33,717.09. The S&P 500 index was down 52.79 points, or 1.3 per cent, at 4,017.77, while the Nasdaq composite was down 227.90 points, or almost two per cent, at 11,393.81.
Last week was strong for markets, especially in the U.S., on optimism that central banks were nearing the end of their rate-hike cycles, said Les Stelmach, senior vice-president and portfolio manager at Franklin Templeton Canada.
"There's an expectation inflation's turning the corner," said Stelmach.
"Maybe a pause or a reversal of tightening is what people are starting to bet on."
The Nasdaq, particularly sensitive to interest rate sentiment, gained more than four per cent last week.
With no major catalyst Monday, Stelmach said markets appeared to give up some of their gains in anticipation of a big news week ahead.
The Federal Reserve is set to announce its first interest rate decision of the year Wednesday, and is widely expected to hike again, but smaller than previous increases, echoing the Bank of Canada's quarter of a percentage point hike last week.
Equally important will be the messaging from the central bank about where it intends to take interest rates for the rest of the year.
This week will also see earnings reports from major U.S. tech names like Apple, Amazon, and Google's parent company.
The Canadian dollar traded for 74.87 cents US compared with 75.11 cents US on Friday.
With oil prices down Monday, the TSX energy index was down more than two per cent, while other index heavyweights like financials and industrials saw much smaller losses, helping stave off a larger slide. Meanwhile, technology also lost more than two per cent.
The March crude contract was down US$1.78 cents at US$77.90 per barrel and the March natural gas contract was down 17 cents at US$2.68 per mmBTU.
The April gold contract was down US$6.40 at US$1,939.20 an ounce and the March copper contract was down two cents at US$4.20 a pound.
This report by The Canadian Press was first published Jan. 30, 2023.
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.