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Feds announce $200k investment in youth mental health at Cambridge YMCA

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Cambridge MP Bryan May announced an investment of $165,290, with an additional $50,000 through centralized resources and supports, for young people’s mental health on Friday while at the Cambridge YMCA.

The funding supports the expansion of YMCA of Three Rivers’ mental wellness programs

Young people have been disproportionally impacted by the COVID-19 pandemic, with social isolation, virtual learning challenges, job insecurity, and financial hardship worsening their mental health and well-being.

“Young people have been leaders in the fight for better mental health in this country. We stand with the YMCA as they expand their work to bring mindfulness, resources, and evidence-based tools to the forefront of their youth mental wellness programming. We are proud to support their efforts in promoting mental wellness and creating a better tomorrow,” May said in a press release.

The announcement was made on behalf of the Honourable Carolyn Bennett, Minister of Mental Health and Addictions and Associate Minister of Health.

The funding will support the scaling up and expansion of the organization’s “Y Mind” and “Mind Medicine” evidence-based, youth-informed, early intervention programs across Canada.

“Through the Public Health Agency of Canada’s $6.9 million investment through Y Canada, we’re pleased to be able to offer the program at the YMCA of Three Rivers, including Guelph-Wellington, Stratford Perth, and Waterloo Region. Providing safe spaces for teens and youth to discuss mental health and well-being, as well as learn positive coping strategies, in our efforts of helping make our diverse communities healthier and more vibrant,” said Mike Ennis CEO, YMCA of Three Rivers.

The programs are intended for young people 13 to 30 years of age who are experiencing mild to moderate anxiety and/or depression, and aim to support the development of effective coping skills and improvements to participant’s overall well-being.

Y Mind introduces them to evidence-based tools and connects them with peers and experienced professionals. Mind Medicine, an adapted version of Y Mind, has been developed specifically for Indigenous young people, and will be implemented in partnership with Indigenous-serving organizations and communities.

This announcement is part of a $100 million investment provided in the 2021 federal budget to support projects that promote mental health and prevent mental illness in populations disproportionately affected by the COVID-19 pandemic.

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

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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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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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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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