'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.
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.
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.