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Tech and metals stocks help lift S&P/TSX composite, U.S. stock markets mixed

Published Wed, 26 Feb 2025 21:53:58 GMT

TORONTO — Strength in technology and base metal stocks helped Canada’s main stock index climb higher in late-morning trading, while U.S. stock markets were mixed.The S&P/TSX composite index was up 35.07 points at 20,474.94.In New York, the Dow Jones industrial average was down 15.64 points at 33,515.19. The S&P 500 index was up 12.40 points at 4,084.03, while the Nasdaq composite was up 148.27 points at 11,947.43.The Canadian dollar traded for 73.42 cents US compared with 73.41 cents US on Tuesday.The June crude contract was down a penny at US$77.06 per barrel and the June natural gas contract was down 14 cents at US$2.30 per mmBTU.The June gold contract was up US$3.40 at US$2,007.90 an ounce and the July copper contract was up a penny at US$3.88 a pound.This report by The Canadian Press was first published April 26, 2023.Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)The Canadian Press

Canada Infrastructure Bank loaning $220M to Flo for EV charging network expansion

Published Wed, 26 Feb 2025 21:53:58 GMT

TORONTO — Electric vehicle drivers can expect more charging options ahead as the Canada Infrastructure Bank is loaning $220 million to Flo Services Inc. to expand its network.The Infrastructure Bank says the loan will allow Montreal-based Flo to install more than 2,000 charging ports, nearly doubling the number of universal public fast charging ports available in Canada.The loan is the first from the Infrastructure Bank’s $500 million fund designed specifically to increase EV charging and hydrogen refuelling options.Flo will own and operate the network that will mostly use its own dual-port, 320 kilowatt chargers designed to bring most EV batteries to an 80 per cent charge in 15 minutes.The chargers are expected to be installed within four years at about 400 sites across Canada.Investments in charging networks come as the government is also mandating that at least 60 per cent of vehicle sales be electric by 2030 and 100 per cent by 2035.This report by The Canadian Press was fi...

Psychiatric evaluation completed for man accused of crashing bus into Quebec daycare

Published Wed, 26 Feb 2025 21:53:58 GMT

LAVAL, Que. — A psychiatric hospital has completed an evaluation of a man accused of killing two young children by driving a city bus into a Montreal-area daycare. Montreal’s Philippe-Pinel institute had been mandated to evaluate Pierre Ny St-Amand’s mental state at the time of his alleged crimes on Feb. 8.Both the Crown and the defence told a Laval, Que., courtroom that they had only received the 22-page report earlier today, and they asked that case be put off until June 13 to allow them to evaluate its contents.St-Amand appeared in court by video conference and listened without showing emotion as the judge ordered the evaluation sealed.The 51-year-old driver with the Laval transit corporation was arrested after a bus crashed into the front of a daycare in the city’s Ste-Rose neighbourhood, killing two four-year-olds and injuring six other children.He faces two counts of first-degree murder as well as seven other charges, including attempted murder and aggravated...

UK House of Commons set to back controversial migration bill

Published Wed, 26 Feb 2025 21:53:58 GMT

LONDON (AP) — A sweeping British bill that will dramatically curb migrants’ ability to seek asylum in the U.K. is due to be approved by lawmakers on Wednesday, despite critics’ allegations that it breaks international law.The government says the Illegal Migration Bill will deter tens of thousands of people from trying to reach the country in small boats across the English Channel each year.Although opposition lawmakers claim they have not had enough time to scrutinize it, it is likely to easily clear the House of Commons, where the governing Conservatives have a large majority.“This government has sought to railroad this deplorable, disgusting bill through the House of Commons,” said Stephen Flynn of the opposition Scottish National Party.The bill is likely to face strong opposition in Parliament’s upper chamber, the House of Lords, though the unelected Lords don’t have powers to block it completely.The legislation bars asylum claims by anyone who reaches the U.K. by unauthorized me...

Rogers partners with SpaceX, Lynk Global for satellite-to-phone coverage in Canada

Published Wed, 26 Feb 2025 21:53:58 GMT

Rogers Communications Inc. revealed a partnership with SpaceX and Lynk Global to bring satellite-to-phone coverage nationwide.Rogers President and CEO Tony Staffieri announced the collaboration on Wednesday. Staffieri said the agreement will aim to ensure Canadians stay connected in areas beyond the limits of traditional wireless networks.Rogers Communications Inc., SpaceX and Lynk Global will deliver a service to connect 5G and 4G phones in remote locations and rural highways. Lynk Global’s service will start with SMS texting and expand to include voice and data to help all Canadians reach 911 with 5G and 4G smartphones.Through SpaceX, the satellite-to-phone technology in Canada will utilize Starlink’s low earth orbit satellites and Rogers’ national wireless spectrum. Rogers and SpaceX will also begin with satellite coverage for SMS text and eventually provide voice and data across Canada’s most remote wilderness, national parks and rural highways.SpaceX Sta...

Uber driver sexually assaulted woman, stole phone to give him good review: police

Published Wed, 26 Feb 2025 21:53:58 GMT

York Regional Police are searching for a male Uber driver that allegedly sexually assaulted a female passenger in Vaughan and stole her phone to leave him a good review on the app.Authorities say the suspect was working as an Uber driver in a white 2021 Toyota Corolla on April 23 when he picked up an adult woman in the Yonge Street and Eglinton Avenue area in Toronto to transport her to Vaughan.The Uber driver allegedly pulled over into a parking lot in the Rutherford Road and Weston Road area in Vaughan, where he sexually assaulted the woman.Police said the male driver then took the victim’s phone, concluded the trip on the Uber app and gave himself a five-star review and a monetary tip.The woman got her phone back and exited the vehicle. The Uber driver then left the area.Police said the 26-year-old woman was not physically injured.The Uber driver was identified as 53-year-old Vikram Lather of Brampton. He’s facing one count of sexual assault and one count of fraud und...

Australian coal company withdraws plan for mine in Alberta foothills

Published Wed, 26 Feb 2025 21:53:58 GMT

An Australian coal company is withdrawing its plan for a mine in the Crowsnest Pass region of the eastern slopes of Alberta’s Rocky Mountains.In a letter, Montem Resources is asking the Alberta Energy Regulator to end the environmental impact assessment for its Tent Mountain proposal.The letter says the company will not be resuming mining for metallurgical coal at the site, which last operated in 1983.  CEO Peter Doyle says the company will instead be focusing efforts on building a renewable hydro project at the site. In February, Montem announced a deal with TransAlta in which the utility would acquire a 50 per cent interest in the plan to combine wind and hydro to generate renewable electricity. Doyle says a final decision on whether to proceed with the renewable energy plan will come in 2025. This report by The Canadian Press was first published April 26, 2023.The Canadian Press

Microsoft opens top cloud data processing hub in Poland

Published Wed, 26 Feb 2025 21:53:58 GMT

WARSAW, Poland (AP) — Microsoft said Wednesday it has launched a cloud service “region” in central Poland, the first large-scale data storage and processing hub of its kind in Central and Eastern Europe. The cloud region, which is part of Microsoft’s $1 billion IT transformation plan for Poland, consists of three separate physical locations around Warsaw. Microsoft says it will give businesses fast and reliable access to cloud services, accelerating the digitization of the economy and strengthening resilience and data security. Ralph Haupter, Microsoft’s president for Europe, Middle East and Africa, and Polish Prime Minister Mateusz Morawiecki announced the launch while attending the European Economic Congress in Katowice, southern Poland.“The war in Ukraine has made us all acutely aware how very important cybersecurity is and protection against the flood of fake news and propaganda tricks that Russia excels in,” Morawiecki said to stress that Microsoft’s state-of-...

Dolton man charged in 2021 fatal hit-and-run on North Side

Published Wed, 26 Feb 2025 21:53:58 GMT

CHICAGO — A man has been charged in a 2021 shooting that led to a fatal hit-and-run crash on the city's North Side.Ollonzo Wilson, 38 of Dolton, has been charged with murder, aggravated discharge of a firearm and failure to report an accident/death.According to police, Wilson was arrested Monday after being identified as the person responsible for a fatal crash that happened on Oct. 3, 2021 in the 2400 block of West Irving Park Road. Woman carjacked at gunpoint by 5 men in Lincoln Park: police Police said Wilson discharged a firearm before fleeing at a high-rate of speed and caused the crash that killed 37-year-old Janelle Gardiner and injured a 27-year-old man.Wilson is expected in bond court Wednesday.

Fauci acknowledges 'problems' after scathing report on pandemic response

Published Wed, 26 Feb 2025 21:53:58 GMT

(The Hill) -- Anthony Fauci, the former director of the National Institute of Allergy and Infectious Diseases, acknowledged “problems” in the country’s COVID-19 management following a scathing report on the U.S. response. Fauci told CNN’s Kaitlan Collins in an interview on Wednesday that the U.S. had a “fractionated” response and needed to deal with significant polarization of the pandemic. He said officials had believed that the U.S. was the best-prepared country from a science point of view, demonstrated through the rapid development of the COVID-19 vaccine, but challenges happened in other areas. “There were a lot of problems, Kaitlan, that we had,” Fauci said on “CNN This Morning."He noted that the U.S. struggled with implementing public health measures, having a uniform response and clear communication, as well as being able to get data “in real time.” Fauci added that the country should look to learn from the issues that happened during the pandemic to have...