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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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Jacob Hoggard abandons bid to challenge 2022 conviction before Canada’s top court

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Canadian musician Jacob Hoggard is abandoning his bid to appeal his 2022 sexual assault conviction before Canada’s top court.

The Supreme Court of Canada website shows the former Hedley frontman discontinued his application for leave to appeal last Friday.

That’s the same day Hoggard, 40, was found not guilty of sexual assault in a separate, unrelated case in northeastern Ontario.

In the 2022 case, a Toronto jury found Hoggard guilty of sexual assault causing bodily harm against an Ottawa woman, but not guilty of the same charge and of sexual interference in relation to a teenage fan.

Hoggard started serving his five-year sentence after the Court of Appeal for Ontario upheld his conviction in August.

The singer turned to the Supreme Court in early September, and the Appeal Court rejected his request for bail pending the outcome of his application to the Supreme Court.

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

The Canadian Press. All rights reserved.



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Jacob Hoggard abandons bid to challenge 2022 conviction before Canada’s top court

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Canadian musician Jacob Hoggard is abandoning his bid to appeal his 2022 sexual assault conviction before Canada’s top court.

The Supreme Court of Canada website shows the former Hedley frontman discontinued his application for leave to appeal last Friday.

That’s the same day Hoggard, 40, was found not guilty of sexual assault in a separate, unrelated case in northeastern Ontario.

In the 2022 case, a Toronto jury found Hoggard guilty of sexual assault causing bodily harm against an Ottawa woman, but not guilty of the same charge and of sexual interference in relation to a teenage fan.

Hoggard started serving his five-year sentence after the Court of Appeal for Ontario upheld his conviction in August.

The singer turned to the Supreme Court in early September, and the Appeal Court rejected his request for bail pending the outcome of his application to the Supreme Court.

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

The Canadian Press. All rights reserved.



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N.B. election: Tenants’ rights group presses parties to impose cap on rent increases

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FREDERICTON – With the provincial election approaching, a housing advocacy group is calling on the next government to strengthen tenants’ rights.

In a report published today, the New Brunswick Coalition for Tenants Rights says renters fear losing their homes as the cost of shelter increases.

The group surveyed 346 people around the province, three-quarters of whom said they worried about rent increases and one-third said they lived in unsafe conditions.

Tenants with disabilities, single parents, and racialized people were over-represented in the number of respondents who feared losing their homes.

The group’s top recommendation is for the party that wins the Oct. 21 election to impose a cap on rent increases.

The Liberal and Green parties have promised rent caps, but the Progressive Conservatives have not, saying the existing system is working.

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

The Canadian Press. All rights reserved.



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