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S&P/TSX composite up more than 100 points, U.S. stocks also trade higher

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TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in the technology and base meta sectors, while U.S. stock markets also climbed higher.

The S&P/TSX composite index was up 106.70 points at 24,179.21.

In New York, the Dow Jones industrial average was up 280.87 points at 42,361.24. The S&P 500 index was up 26.51 points at 5,777.64, while the Nasdaq composite was up 69.52 points at 18,252.44.

The Canadian dollar traded for 73.08 cents US compared with 73.22 cents US on Tuesday.

The November crude oil contract was down 67 cents at US$72.90 per barrel and the November natural gas contract was down eight cents at US$2.66 per mmBTU.

The December gold contract was down US$2.30 at US$2,633.10 an ounce and the December copper contract was down five cents at US$4.41 a pound.

This report by The Canadian Press was first published Oct. 9, 2024.

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

The Canadian Press. All rights reserved.



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In the news today: Trudeau in Laos to deepen ties with Indo-Pacific

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Here is a roundup of stories from The Canadian Press designed to bring you up to speed…

Canada seeks deeper ties with Indo-Pacific as Trudeau attends ASEAN summit in Laos

Prime Minister Justin Trudeau is in Laos today to attend the Association of Southeast Asian Nations Summit. The visit marks the Liberal government’s latest effort to strengthen Canada’s ties in a region with strong Chinese influence. It’s also the third consecutive time Trudeau has attended the ASEAN Summit, and one year since Canada established a strategic partnership with the regional bloc. Government officials say Canada is increasing its presence in the region to build credibility as a reliable economic partner, noting ASEAN is one of the fastest-growing economic regions.

Grim listening in B.C. party leaders’ debate

The leaders of the three main political parties in British Columbia have faced off in the only televised debate of this provincial election campaign. NDP Leader David Eby, B.C. Conservative Leader John Rustad and Green Party Leader Sonia Furstenau covered topics from health care to housing as well as the overdose crisis and the province’s relationship with Indigenous people. There were grim anecdotes from Rustad, who described seeing a man dead on the streets of Vancouver on his way to the debate, and told of a woman “covered in blood” after miscarrying in a hospital washroom as he criticized the state of B.C. health care. Eby spent a significant amount of time criticizing Rustad and his slate of candidates describing Rustad as an “anti-vaxxer” who was “embarrassing” the province, while Furstenau said Eby and Rustad were near-look-alikes on health care, the overdose crisis and subsidizing the fossil fuel industry.

Here’s what else we’re watching…

Probe finds DFO officers face high-powered weapons

A labour investigator has agreed with federal fishery officers that heavily armed criminals pose a threat to their lives and has ordered managers to take steps immediately to reduce the danger. In a report issued Friday to the fisheries department, the federal labour program’s compliance unit concludes “protective equipment and tactical protocols” currently used during fisheries investigations are inadequate. The finding by the senior investigator — obtained by The Canadian Press — comes in response to fisheries department enforcement officers filing refusal to work applications under provisions of the Canada Labour Code.

National security adviser to appear at inquiry

Nathalie Drouin, the prime minister’s national security and intelligence adviser, is scheduled to appear today at a federal inquiry into foreign interference. The commission of inquiry will also hear from Privy Council clerk John Hannaford, the country’s top public servant. They will testify alongside senior Privy Council official Daniel Rogers, former Privy Council clerk Janice Charette and former national security adviser Jody Thomas. Later in the day, Zita Astravas, who was once chief of staff to the public safety minister, is expected to appear.

Condo supply up ahead of expected rebound: report

A new report says condo inventory is on the rise in most major Canadian markets as more sellers are listing their properties in anticipation of growing demand from buyers. The report by Re/Max Canada, which examined condominium activity from January to August of this year, found B.C.’s Fraser Valley led year-over-year inventory growth at 58.7 per cent, followed by the Greater Toronto Area at 52.8 per cent and Calgary at 52.4 per cent. While most regions saw sales decline from last year over the eight-month period, Edmonton posted a 36.7 per cent sales increase, with 3,351 properties changing hands. The GTA, Greater Vancouver and Fraser Valley each recorded sales declines of more than eight per cent.

Another beluga whale dies at Marineland

Another beluga whale has died at Marineland — the fourth to die at the Niagara Falls, Ontario, park since November. Sixteen belugas and one killer whale have died at the park since 2019. Ontario’s Animal Welfare Services, which is part of the Ministry of the Solicitor General, has been investigating Marineland since 2020. A spokesperson for Solicitor General Michael Kerzner says animal welfare inspectors have been at the park 200 times. The minister’s office wouldn’t answer follow-up questions about what is happening during those visits.

This report by The Canadian Press was first published Oct. 9, 2024.

The Canadian Press. All rights reserved.



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Don MacLean sworn in as first permanent Black chief for Halifax police

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HALIFAX – Don MacLean was sworn in today as the first permanent African Nova Scotian chief of the Halifax Regional Police.

He had been serving in the role on an acting basis for about one year.

MacLean says it’s an honour and a privilege to lead the city’s police force, which he says has the responsibility of staying responsive to the evolving needs of residents.

He emphasized that the public’s trust is an “invaluable commodity” that cannot be taken for granted.

His priorities include improving community safety and police wellness.

MacLean, who assumed the permanent role on Aug. 12, has been with the police force for 31 years.

This report by The Canadian Press was first published Oct. 9, 2024.

The Canadian Press. All rights reserved.



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Nova Scotia premier says police investigating theft from his riding association fund

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HALIFAX – Nova Scotia’s premier says police are investigating the theft of an undisclosed amount of money from his riding association’s bank account.

Tim Houston disclosed the investigation Wednesday to reporters at the Progressive Conservative party’s office in downtown Halifax.

Houston said he learned that money had gone missing from the Pictou East Progressive Conservative riding association on Monday and immediately reported the incident to police in New Glasgow, N.S.

“On Monday evening we learned that funds had been taken from the local riding association bank account without authorization,” Houston told reporters. “I’ve been asked by law enforcement to limit the amount of public discussion about the details in order to protect the integrity of the ongoing investigation.”

However, Houston added that he thought it was important to publicly disclose the “developing situation.”

“I can’t even begin to explain the incredible level of betrayal I feel, and my riding executive feels about this matter,” he said.

New Glasgow Regional Police were not immediately available for comment Wednesday.

The premier said he didn’t know exactly how much money was taken, but he added that the amount is probably in the thousands of dollars. Houston said Elections Nova Scotia had been notified and the riding association is working closely with a local bank to determine what happened.

He said a volunteer he has known for many years has been dismissed from the association and the party.

“The investigation must run its course,” Houston said. “We want the truth, we want accountability and we want answers … and we are working closely with the police on this matter.”

This report by The Canadian Press was first published Oct. 9, 2024.

The Canadian Press. All rights reserved.



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