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S&P/TSX composite index down more than 100 points as oil falls below US$80 per barrel

Published Wed, 26 Feb 2025 14:31:41 GMT

TORONTO — Canada’s main stock index was down more than 100 points in late-morning trading with losses led by the energy sector as the price of oil dropped below US$80 per barrel.The S&P/TSX composite index was down 127.31 points at 19,616.63.In New York, the Dow Jones industrial average was up 64.90 points at 34,160.76. The S&P 500 index was up 14.48 points at 4,380.46, while the Nasdaq composite was up 127.10 points at 13,645.88.The Canadian dollar traded for 72.65 cents US compared with 73.12 cents US on Monday.The December crude contract was down US$2.42 at US$78.40 per barrel and the December natural gas contract was down eight cents at US$3.18 per mmBTU.The December gold contract was down US$16.10 at US$1,972.50 an ounce and the December copper contract was down four cents at US$3.68 a pound.This report by The Canadian Press was first published Nov. 7, 2023.Companies in this story: (TSX:GSPTSE, TSX:CADUSD) The Canadian Press

Elderly woman seriously injured when hit by pickup truck near Yonge-Dundas

Published Wed, 26 Feb 2025 14:31:41 GMT

A woman in her 80s is in hospital with serious injuries after she was struck by a pickup truck near Yonge-Dundas.Emergency crews responded to the scene at Dundas Street East near Bond Street just after 10:15 a.m. on Tuesday.The pedestrian was trapped underneath the pickup and freed by firefighters.Paramedics say the woman’s injuries are not life-threatening.Dundas is closed from Victoria to Church streets.

Tech community pleased with Alberta move to change rules around ‘engineer’ title

Published Wed, 26 Feb 2025 14:31:41 GMT

CALGARY — Canada’s tech community is applauding a proposal by the Alberta government that would allow more workers to use the “software engineer” title.Bill 7 was tabled yesterday and if passed, would carve out an exception in the province’s Engineering and Geoscience Professions Act.The act currently prevents people from using the “software engineer” label or similar job titles unless they are professional engineers or licence holders.More than 30 signatories asked the province to change the restrictions last year after the Association of Professional Engineers and Geoscientists of Alberta filed lawsuits against tech companies that use variations of the engineer title.Sam Pillar’s Edmonton-based tech company Jobber was sued by the association over its use of the engineer title. Pillar now says he’s pleased with the government’s move because it will allow his company to compete on a level playing field for top talent.Benjamin Ber...

Brazilian police search Portugal’s Consulate in Rio de Janeiro for a corruption investigation

Published Wed, 26 Feb 2025 14:31:41 GMT

RIO DE JANEIRO (AP) — Brazilian federal police conducted searches at five locations, including the Portuguese Consulate in Rio de Janeiro, as part of a corruption investigation Tuesday.Portuguese public prosecutors and Portuguese security agents accompanied the Brazilian officers, according to a statement from the Federal Police force. Pictures shared by the agency’s press office showed officers in front of the consulate, which is located in the Sao Clemente Palace.Portuguese authorities are investigating alleged corruption and the falsification of documents in collusion with applicants seeking visas and Portuguese nationality, according to the statement. Many Brazilians have struck out for Portugal during the past decade of economic downturn and political polarization; about 252,000 live there, according to Brazil’s government. They are by far the largest foreign community in the European nation. A spokesperson from the federal police’s press office said the searches we...

Nobel peace laureate Bialiatski has been put in solitary confinement in Belarus, his wife says

Published Wed, 26 Feb 2025 14:31:41 GMT

TALLINN, Estonia (AP) — Nobel Peace Prize laureate and activist Ales Bialiatski has been transferred to solitary confinement at his prison in Belarus, his wife said Tuesday.Natalia Pinchuk told The Associated Press that prison authorities have toughened conditions for the 61-year-old Bialiatski, who is serving a 10-year sentence, despite his chronic illnesses.“Effectively, it’s a prison inside prison,” she said. Prison authorities didn’t allow Bialiatski to meet with his lawyer following his transfer over alleged disciplinary violations, she said.Bialiatski, Belarus’ top human rights advocate and one of the winners of the 2022 Nobel Peace Prize, was convicted in March with three colleagues on charges of financing actions violating public order and smuggling, accusations he denied.He has been serving his sentence at a prison colony for repeat offenders in the city of Gorki. The facility is known for inmates being beaten and subjected to hard labor.“The prison colony in Gorki ha...

The US sanctions Mexican Sinaloa cartel members and firms over fentanyl trafficking

Published Wed, 26 Feb 2025 14:31:41 GMT

WASHINGTON (AP) — The Biden administration on Tuesday imposed sanctions on 13 members of Mexico’s powerful Sinaloa cartel and four Sonora, Mexico-based firms accused of trafficking fentanyl and other drugs into the United States. The latest action follows a series of measures taken this year against members of the Sinaloa cartel, cash couriers and cartel fraud schemes.Included in the sanctions are a manager of cartel operations in Nogales who oversaw the trafficking of multi-ton quantities of drugs, authorities said, as well as members of his family and his associates. Also sanctioned are a restaurant, stone and mining companies and an import-export firm.The sanctions cut them off from the U.S. banking system, cut off their ability to work with Americans and block their U.S. assets.The Treasury Department’s undersecretary for terrorism and financial intelligence, Brian Nelson, said that the U.S. “will aggressively pursue all who are complicit operators and facilitators of thes...

Three arrested after child killed inside suburban home north of Montreal

Published Wed, 26 Feb 2025 14:31:41 GMT

BOIS-DES-FILION, Que. — Quebec police say three people have been arrested in connection with the death of a child Monday evening in a suburb north of Montreal.The police force for Bois-des-Filion, Que., about 20 kilometres north of Montreal, says the three suspects are being questioned by investigators.Police say they were called to a home about 5:30 p.m. regarding a young child suffering from serious injuries.Despite attempts to revive the child, whose age and gender were not made public, the death was declared at the scene.Forensic technicians were dispatched to the home Monday night where an investigation began in conjunction with Quebec provincial police.Police said on Monday that provincial police divers were searching the Mille-Îles River for evidence linked to the death.This report by The Canadian Press was first published Nov. 7, 2023.The Canadian Press

Feds unlock public properties to build homes, say 29,200 units to be built by 2029

Published Wed, 26 Feb 2025 14:31:41 GMT

OTTAWA — As the federal government faces mounting pressure to address a national housing crisis, it announced on Tuesday that it would build more than 2,800 homes on its properties in cities across the country.The latest announcement, which also comes as Liberals face a major dip in the polls, puts the government on track to build about 29,200 homes on public lands by 2029. Procurement Minister Jean-Yves Duclos also said on Tuesday the Canada Lands Corp. is setting a new target to include at least 20 per cent affordable housing across its projects.“This will mean around 5,300 affordable homes in the next five years, which is twice as many as in the last 30 years,” Duclos said at a news conference in Ottawa.“This is a significant acceleration of providing affordable homes to Canadians but we think — and we know — there is more we can do.”Duclos said that the corporation, through agreements with developers, will be unlocking 2,800 additional units by March 2024...

Toothpicks, sewing needle among ‘foreign objects’ found inside Halloween candy in Durham

Published Wed, 26 Feb 2025 14:31:41 GMT

Durham Regional Police say they’ve received reports of “foreign objects” being discovered inside Halloween candy in Ajax and Oshawa — the latest in what has emerged as a concerning trend in Toronto and the GTA. The police force received two reports of dangerous objects located inside the candies handed out on the night of October 31. A spokesperson tells CityNews 680 that the objects include toothpicks, a staple, and a sewing needle.The Halloween candies were collected in the areas of Geta Circle and Pickering Parkway in Ajax and Galahad Drive and Gladfern Street in Oshawa.No injuries were reported. Related: Nail found in Halloween candy in St. Clair West and Lansdowne area “[Durham police] would like to remind all parents to check their children’s Halloween candies thoroughly prior to any consumption,” a spokesperson wrote in a news release.“If any candy seems suspicious, contains material that is not original to the ...

R.E.M. celebrates ‘a very radical departure’ 25 years ago with their album ‘Up’

Published Wed, 26 Feb 2025 14:31:41 GMT

NEW YORK (AP) — Twenty-five years ago, an R.E.M. album arrived that didn’t sound like a typical R.E.M. album.“Up,” the band’s 11th album which dropped in the fall of 1998, was a curious and challenging collection that split fans and critics alike but reveals more interesting things with each listen. A newly remastered reissue out Friday offers a chance to reevaluate.“A lot of people may not have liked it because it didn’t sound like ‘R.E.M.,’ whatever that is. But that was not the point. We were not trying to sound like R.E.M. We were trying to sound like the three guys that we were at the time,” Mike Mills, bassist and band co-founder, tells The Associated Press.“Up” peaked at No. 3 on the Billboard Top 200 and was certified gold, while single “Daysleeper” was a Top 20 alternative radio hit. Another single, “Lotus,” peaked at No. 31 on both the alternative and mainstream rock charts.“I think it rewards repeated listenings because there is a depth to it. It is not a surf...