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.
Commodities propelled Canada's main stock index to its best day in two months, while the Federal Reserve signalled that interest rates will increase earlier than expected as the economic recovery continues.
The S&P/TSX composite index closed up 157.20 points to 20,401.49, after reaching an intraday high of 20,479.70.
In New York, the Dow Jones industrial average was up 338.48 points at 34,258.32. The S&P 500 index was up 41.45 points at 4,395.64, while the Nasdaq composite was up 150.45 points at 14,896.85.
The day started strongly after contagion fears from the potential insolvency of Chinese property developers eased as China's central bank injected cash into the banking system and heavily indebted Evergrande reached a deal with bondholders.
"Some people in the market are looking for reason to buy because we were down four, almost five per cent from the peak on the month," said Michael Currie, vice-president and investment adviser at TD Wealth.
Markets rose after the U.S. central bank said "moderation in the pace of asset purchases may soon be warranted" but failed to give a schedule.
It also projected interest rates would rise from near zero beginning late next year, three more times in 2023 and three times in 2024.
"We knew they were coming, it's just that it's a little bit earlier than expected," Currie said in an interview.
The initial market reaction subsided later in the session.
Nine of the 11 major sectors on the TSX rose with consumer staples and telecommunications marginally lower..
Energy led, gaining 3.9 per cent as crude oil prices rose on U.S. inventories tightening to the lowest level in three years following two hurricanes.
The November crude contract was up US$1.74 at US$72.23 per barrel and the October natural gas contract was unchanged at US$4.81 per mmBTU.
Cenovus Energy Inc. gained 7.4 per cent, while shares of Vermilion Energy Inc. were up 6.4 per cent.
The Canadian dollar traded for 78.39 cents US compared with 78.12 cents US on Tuesday.
Materials was pushed higher by First Quantum Minerals Ltd. rising 7.5 per cent and Teck Resources Ltd. increasing six per cent.
The December gold contract was up 60 cents at US$1,778.80 an ounce and the December copper contract was up 12.6 cents at US$4.25 a pound.
Health care was up two per cent with cannabis producers Canopy Growth Inc. and Tilray Inc. up 4.5 and 3.5 per cent, respectively.
Auto parts manufacturers Magna International Inc. and Linamar Corp. gained 4.1 and 2.5 per cent, respectively, helping the consumer discretionary sector to increase 1.4 per cent.
This report by The Canadian Press was first published Sept. 22, 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.