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City investing almost $5M in Toronto community services – Toronto Sun

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4 years ago

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Toronto will invest $4.97 million to support vulnerable residents during the pandemic.

Announced Tuesday, Mayor John Tory said the funds will be distributed from the TO Supports Investment Fund to community-based agencies working to meet the needs of those most affected by COVID-19.

“It really has indeed been through partnerships with community agencies across the city that we’ve been able to do this in a way that I think has been successful, effective and unprecedented,” the mayor said during a press conference announcing the initiative.

“Many of the non-profit organizations have stepped up and helped us in our efforts responding to the pandemic, and they of course for many years have recognized and have been helping us deal with what is a very real need out there.”

The TO Supports Investment Fund was created in partnership with investments from both the city and the province, as well outside foundations and agencies.

So far, the fund has aided the Red Cross’s food hamper program feeding seniors under quarantine, as well as other emergency food access initiatives.

Fifty more community agencies will benefit from the fund over the coming weeks, offering everything from mental health supports to increased and culturally appropriate prepared meals for those in need.

“COVID-19 has had severe consequences on our finances, both in terms of increased costs of looking after especially most vulnerable people, but looking after all people,  and revenue shortfalls that we’ve experienced because, for example, people are not using the public transit,” Tory said.

“That effects our ability in the present, and in the future, to continue to look after vulnerable people in our city.”

bpassifiume@postmedia.com
On Twitter: @bryanpassifiume

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Investment

S&P/TSX composite up more than 100 points, U.S. stock markets mixed

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1 day ago

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October 16, 2024

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TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 103.40 points at 24,542.48.

In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.

The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.

The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.

The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.

This report by The Canadian Press was first published Oct. 16, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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Economy

S&P/TSX up more than 200 points, U.S. markets also higher

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6 days ago

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October 11, 2024

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TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.

The S&P/TSX composite index was up 205.86 points at 24,508.12.

In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.

The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.

The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.

The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.

This report by The Canadian Press was first published Oct. 11, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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Economy

S&P/TSX composite little changed in late-morning trading, U.S. stock markets down

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1 week ago

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October 10, 2024

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TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.

The S&P/TSX composite index was up 0.05 of a point at 24,224.95.

In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.

The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.

The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.

The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.

This report by The Canadian Press was first published Oct. 10, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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