Stock Market News Live: Stocks come off highs after blasts in Baghdad - Yahoo Canada Finance - Canada News Media
Connect with us

Business

Stock Market News Live: Stocks come off highs after blasts in Baghdad – Yahoo Canada Finance

Published

on



<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Follow Yahoo Finance here for up-to-the-minute briefings on the financial markets, breaking news and other topics of interest to investors and traders. Please check back for continuing coverage.” data-reactid=”15″>Follow Yahoo Finance here for up-to-the-minute briefings on the financial markets, breaking news and other topics of interest to investors and traders. Please check back for continuing coverage.

Stocks have surged while oil and gold have fallen following President Donald Trump’s response to Iran’s attack on two Iraqi bases housing US troops — more sanctions but no armed response.

4:15 p.m. ET: Stocks come off highs after rockets in Baghdad

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Stocks fell after a Reuters&nbsp;report&nbsp;that two blasts were heard in the Iraqi capital of Baghdad, pulling back from record highs after Trump announced no armed response to Iran’s attacks. The blasts were later revealed to be rockets that fell within Baghdad’s Green Zone, causing no casualties. There was no immediate claim of responsibility, Reuters says.” data-reactid=”18″>Stocks fell after a Reuters report that two blasts were heard in the Iraqi capital of Baghdad, pulling back from record highs after Trump announced no armed response to Iran’s attacks. The blasts were later revealed to be rockets that fell within Baghdad’s Green Zone, causing no casualties. There was no immediate claim of responsibility, Reuters says.

Here’s where markets were at 4:15 p.m. ET:

  • S&P 500 (^GSPC): +0.49% or +15.87 points to 3,253.05

  • Dow (^DJI): +0.56% or +161.41 points to 28,745.09

  • Nasdaq (^IXIC): +0.67% or +60.66 points to 9,129.24

  • Crude oil (CL=F): -3.81% or -2.39 to 60.31 a barrel

  • Gold (GC=F): +2.57% or +0.0470 to 1.8740

2:45 p.m. ET: Market response to U.S.-Iran tensions will fade, strategist says

History suggests that developments in U.S.-Iran tensions will not leave a lasting mark on U.S. stocks, oil and safe haven assets, according to Capital Economics senior market economist Oliver Jones. 

“We doubt that U.S.-Iran tensions will play more than a minor role in deciding the best and worst-performing asset classes in 2020 as a whole, at least outside the Middle East,” Jones wrote in a note entitled “A bit of perspective on geopolitical risk” Wednesday. 

So far, Wednesday’s trading action – namely, a sharp rebound in equities and stark declines in oil and gold prices – are early indications that Jones’ thesis may come to pass over the course of the year.

“Such a small and short-lived reaction is actually fairly typical of what has happened after other events which have raised the risk of military action involving the U.S., like North Korea’s missile tests and the U.S. threats of ‘fire and fury’ in 2017, or the Cuban missile crisis in the 1960s,” Jones said. 

As another example, Jones pointed to cross-asset performance after the start of the Gulf War in 1990s. In the immediate aftermath of this conflict, returns from energy commodities surged, precious metal prices firmed and equities sank, in a similar response as witnessed late last week after the first reports of the U.S. airstrike that took out top Iranian commander Qassem Soleimani. 

“By the six-month mark, though, energy commodities had given back a lot of their initial gains. And precious metals had started to struggle, faring about as badly as global equities, which were contending with a recession in the US economy,” Jones said. A similar reversal also took place around six months after the start of the Iraq War in 2003, he added.

“These conflicts simply haven’t had large enough lasting effects on the global economy to matter much to markets outside the Middle East for long,” Jones said. “That looks like the most likely outcome this time too.” 

<h2 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="1:45 p.m. ET: The oil shock is cancelled” data-reactid=”35″>1:45 p.m. ET: The oil shock is cancelled

Crude is collapsing in the wake of President Trump’s remarks, which markets are interpreting (rightly or wrongly) as a de-escalation of the U.S.’s standoff with Iran. Overnight, crude traders aggressively priced in the possibility of an armed confrontation, but Trump’s speech is momentarily calming fears of things heating up.

Brent is now down over 5% on the session, having cracked $60 per barrel. 

1:38 p.m. ET: S&P 500 and Nasdaq hit record highs

Following Trump’s announcement that Iran is “standing down,” the S&P 500 hit a record high of 3,260.98 and the Nasdaq hit a record high of 9,144.00.

Here’s where the major indices were at 1:38 p.m. ET:

  • S&P 500 (^GSPC): +0.65% or +20.90 points to 3,258.08

  • Dow (^DJI): +0.70% or +201.12 points to 28,784.80

  • Nasdaq (^IXIC): +0.81% or +73.68 points to 9,142.26

  • Crude oil (CL=F): -5.12% or -3.21 to 59.49 a barrel

  • Gold (GC=F): -0.97% or -15.20 to 1,559.10 per ounce

<h2 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="12:55 pm. ET: GrubHub spikes on report of strategic options” data-reactid=”53″>12:55 pm. ET: GrubHub spikes on report of strategic options

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="GrubHub (GRUB) is staging a breathtaking rally of nearly 14% on the day, after The&nbsp;Wall Street Journal reported&nbsp;that the food delivery startup is weighing its options, which may include a sale. The report said talks are in early stages and nothing may come of it. The stock has hit rough shoals since going public nearly 6 years ago, with its valuation less than half of where it began life as a public company.” data-reactid=”54″>GrubHub (GRUB) is staging a breathtaking rally of nearly 14% on the day, after The Wall Street Journal reported that the food delivery startup is weighing its options, which may include a sale. The report said talks are in early stages and nothing may come of it. The stock has hit rough shoals since going public nearly 6 years ago, with its valuation less than half of where it began life as a public company.

<h2 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="11:40 a.m. ET: Trump vows more sanctions on Iran but no armed response” data-reactid=”60″>11:40 a.m. ET: Trump vows more sanctions on Iran but no armed response

President Donald Trump addresses the nation from the White House on the ballistic missile strike that Iran launched against Iraqi air bases housing U.S. troops, Wednesday, Jan. 8, 2020, in Washington, as Vice President Mike Pence, Secretary of State Mike Pompeo and military leaders, looks on. (AP Photo/Alex Brandon)

View photos

President Donald Trump addresses the nation from the White House on the ballistic missile strike that Iran launched against Iraqi air bases housing U.S. troops, Wednesday, Jan. 8, 2020, in Washington, as Vice President Mike Pence, Secretary of State Mike Pompeo and military leaders, looks on. (AP Photo/Alex Brandon)

Addressing Iran’s retaliation against U.S. bases in Iraq late Tuesday, President Donald Trump said Tehran “appears to be standing down” — in keeping with most observers’ thinking that an armed U.S. response isn’t imminent. Trump added that his administration “will immediately impose additional punishing economic sanctions on the Iranian regime.”

Investors seemed to cheer that news, with stocks adding to the session’s gains on hopes that tensions won’t spiral into further armed conflict.

Here were the main moves in markets, as of 11:46 a.m. ET:

  • S&P 500 (^GSPC): 3,257.71, up 0.68%

  • Dow (^DJI): 28,782.11, up 0.69%

  • Nasdaq (^IXIC): 9,133.99, up 0.72%

  • Crude oil (CL=F): $60.47 per barrel, down 3.56%

  • Gold (GC=F): $1,565.80 per ounce, down 0.54%

<h2 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="11:00 a.m. ET: The oil shock that never was (and might never be)” data-reactid=”95″>11:00 a.m. ET: The oil shock that never was (and might never be)

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="With Iran escalation fears (momentarily) in retreat, oil (CL=F) has reversed dramatically after spiking by 4% in after-hours trading on Tuesday. One of the major concerns about a prolonged U.S.-Iran conflict has been the impact on crude — and whether it would spark a global supply crisis that could send prices well above $100.” data-reactid=”96″>With Iran escalation fears (momentarily) in retreat, oil (CL=F) has reversed dramatically after spiking by 4% in after-hours trading on Tuesday. One of the major concerns about a prolonged U.S.-Iran conflict has been the impact on crude — and whether it would spark a global supply crisis that could send prices well above $100.

The U.S. shale boom has lubricated world markets with oil, and helped insulate the world’s largest economy from supply shocks. Torsten Slok, Deutsche Bank’s top economist, pointed out that the U.S. is in fact much less sensitive to rising oil prices than in years past.

The US economy is much less sensitive to higher oil prices today than it used to be.The US economy is much less sensitive to higher oil prices today than it used to be.

View photos

The US economy is much less sensitive to higher oil prices today than it used to be.

10:46 a.m. ET: Nasdaq hits, holds near fresh record high

The Nasdaq posted an all-time high of 9,104.99 at about 10:15 a.m. ET. The index held near this record level as investors continued to shrug off the most recent U.S.-Iran developments. Both the S&P 500 and Dow were also in the green, with the former within 0.3% of its own all-time high at the highs of the session so far.

Here were the main moves in markets, as of 10:46 a.m. ET:

  • S&P 500 (^GSPC): 3,240.96, up 3.78 points or 0.12%

  • Dow (^DJI): 28,589.74, up 6.06 points or 0.02%

  • Nasdaq (^IXIC): 9,080.79, up 12.21 points or 11.75%

  • Crude oil (CL=F): $60.47 per barrel, down 3.56%

  • Gold (GC=F): $1,565.80 per ounce, down 0.54%

10:26 a.m. ET: Carlos Ghosn ends press conference

Over the course of a more than two-hour press conference in Lebanon, former Nissan chief executive officer Carlos Ghosn attempted to explain his reasoning for fleeing Japan, where he had been arrested under allegations of financial misconduct and aggravated breach of trust.

In his first public appearance since his escape, Ghosn went into detail over his treatment in Japan, which has a conviction rate north of 99% and where he believed he would not be given a fair trial. He described solitary confinement, a lack of access to prescribed medications, hours of interrogation and just two showers a week as all part of his incarceration.

Ghosn blamed a host of individuals and institutions for his situation, including Japanese prosecutors and government officials, and Nissan and its law firm.

The former auto executive was arrested in November 2018 and faced multiple charges for allegedly under-reporting years’ worth of compensation and misusing Nissan’s resources for his personal gain.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="READ MORE” data-reactid=”134″>READ MORE

Carlos Ghosn, the former CEO of Nissan and Renault, speaks for the first time since fleeing Japan.Carlos Ghosn, the former CEO of Nissan and Renault, speaks for the first time since fleeing Japan.

View photos

Carlos Ghosn, the former CEO of Nissan and Renault, speaks for the first time since fleeing Japan.

9:34 a.m. ET: Boeing shares fall after Ukrainian airplane crash

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Shares of Boeing (BA) extended losses from the overnight session to trade more than 1% lower after a&nbsp;Ukrainian passenger jet crashed Wednesday shortly after taking off from Iran’s capital of Tehran, killing all 176 people aboard.” data-reactid=”157″>Shares of Boeing (BA) extended losses from the overnight session to trade more than 1% lower after a Ukrainian passenger jet crashed Wednesday shortly after taking off from Iran’s capital of Tehran, killing all 176 people aboard.

Iranian officials said they believed a mechanical issue caused the crash of the Boeing 737-800 aircraft, which had been en route to Ukraine’s capital Kyiv.

The crash took place just hours after Iran launched a missile attack on airbases in Iraq housing U.S. troops.

Ukrainian officials have most recently declined to offer their assessment for the cause of the accident, as the investigation remains ongoing.

9:31 a.m. ET: Markets open little changed

U.S. equities opened mostly flat, shrugging off earlier fears after Iran launched more than a dozen missiles to strike U.S.-Iraqi airbases.

Here were the main moves in markets, as of 9:31 a.m. ET:

  • S&P 500 (^GSPC): 3,238.20, up 1.02 points or 0.03%

  • Dow (^DJI): 28,548, down 35.51 points or 0.09%

  • Nasdaq (^IXIC): 9,075.09, up 6.51 points or 0.09%

  • Crude oil (CL=F): $62.40 per barrel, down 0.48%

  • Gold (GC=F): $1,578.40 per ounce, up $4.10 or 0.26%

8:15 a.m. ET: Private payrolls rise more than expected in December

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The U.S. economy added 202,000 private payrolls at the end of last year, according to a report from&nbsp;ADP/Moody’s Wednesday. This exceeded consensus economist expectations for an increase of just 160,000, according to Bloomberg data.&nbsp;In November, private payrolls had risen by an upwardly revised 124,000, from the 67,000 reported previously.” data-reactid=”173″>The U.S. economy added 202,000 private payrolls at the end of last year, according to a report from ADP/Moody’s Wednesday. This exceeded consensus economist expectations for an increase of just 160,000, according to Bloomberg data. In November, private payrolls had risen by an upwardly revised 124,000, from the 67,000 reported previously.

By sector, service-producing firms led December’s advances, posting a net increase of 173,000 jobs. However, gains were capped by a loss of 21,000 jobs in the leisure and hospitality industry, and a loss of 14,000 jobs in the information industry.

Goods-producing firms increased jobs by a net 29,000, with a gain of 37,000 payrolls in construction industries offset by declines in mining and manufacturing.

<h2 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="8:00 a.m. ET: Carlos Ghosn speaks for the first time since fleeing Japan” data-reactid=”177″>8:00 a.m. ET: Carlos Ghosn speaks for the first time since fleeing Japan

Former Nissan chief Carlos Ghosn slammed the Japanese justice system during his first public appearance since fleeing the country. 

“I did not escape justice. I fled injustice and persecution, political persecution,” Ghosn said at a press conference in Lebanon on Wednesday. “You’re going to die in Japan or you’ve got to get out.”

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="READ MORE” data-reactid=”180″>READ MORE

<h2 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="7:33 a.m. ET: Stock futures muted after Iran missile strike scare” data-reactid=”182″>7:33 a.m. ET: Stock futures muted after Iran missile strike scare

Wall Street jitters flared before quieting after Iran fired missiles at U.S.-Iraqi airbases during the overnight session. The retaliatory move by Iran, after a U.S. airstrike last week took out its top military general, produced no reported casualties so far.

Here were the main moves during the pre-market session, as of 7:33 a.m. ET:

  • S&P futures (ES=F): 3,241.50, up 6.25 points or 0.19%

  • Dow futures (YM=F): 28,513, down 13 points or 0.05%

  • Nasdaq futures (NQ=F): 8,870.25, up 17.25 points or 0.19%

  • Crude oil (CL=F): $62.59 per barrel, down $0.11 or 0.18%

  • Gold (GC=F): $1,578.90 per ounce, up $4.60 or 0.29%

After reports of the projectiles around 5:30 p.m. ET Tuesday, stock futures slid and gold and oil prices spiked. Brent crude oil prices briefly surged to $71.75 per barrel and gold jumped to more than $1,600 per ounce for the first time in about seven years. These gains, however, retraced shortly thereafter.

“There was a knee-jerk reaction in financial markets, with oil and gold prices rising,” UBS economist Paul Donovan wrote in a note Wednesday. “However, a response was expected by investors, and the initial market moves seem hard to justify.”

US equity futures made a round trip.US equity futures made a round trip.

View photos

US equity futures made a round trip.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Follow Yahoo Finance on&nbsp;Twitter,&nbsp;Facebook,&nbsp;Instagram,&nbsp;Flipboard,&nbsp;LinkedIn, and&nbsp;reddit.” data-reactid=”213″>Follow Yahoo Finance on TwitterFacebookInstagramFlipboardLinkedIn, and reddit.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Find live stock market quotes and the latest business and finance news” data-reactid=”214″>Find live stock market quotes and the latest business and finance news

Let’s block ads! (Why?)



Source link

Business

Uber driver says he was ticketed by bylaw officers in Surrey – CTV News

Published

on


VANCOUVER —
A Vancouver Uber driver says he was shocked to get a bylaw infraction ticket after he accepted a ride request in Surrey.

While other Metro Vancouver cities have welcomed the long-awaited ride hailing services Uber and Lyft, Surrey’s mayor, Doug McCallum, has steadfastly opposed the business model, saying it poses unfair competition to taxi companies.

Carlos Altamirano Medina started driving for Uber as soon as B.C.’s Passenger Transportation Board approved Uber and Lyft last week.

On Sunday, he had picked up a passenger at Vancouver International Airport and driven them to Surrey. A little before 2 p.m. he got another ride request: a passenger at the Safeway on King George.

As Altamirano Medina approached, the passenger waved him over; he stopped and the woman asked if he was Carlos. As soon as he said yes, two uniformed bylaw officers approached him, told him they were from the City of Surrey, and informed him he didn’t have a licence to operate in Surrey.

They also asked him to cancel the requested ride so the pretend passenger would not be charged, according to Altamirano Medina .

They then gave him a warning notice, which says he’s in violation of Surrey’s business licence bylaw: “No person will carry on business in the city without holding a valid and subsisting licence.” The notice says the possible fine is $500.

The officers also asked to see his drivers licence and car insurance.

Altamirano Medina said he was shocked, and even asked two nearby RCMP officers if the bylaw officers had the right to ask to see his licence and insurance.

The interaction ended with the bylaw officers telling him he can drop passengers off in Surrey, but Uber drivers can’t pick anyone up.

Altamirano Medina has only driven a handful of passengers so far, and said he had gotten consistent five-star reviews. But, he says, he ended up getting a poor review for the cancelled ride, which has pulled down his overall average.

CTV News has reached out to the City of Surrey and to Uber’s Western Canada representative, Michael van Hemmen. The City of Surrey had not responded as of 7 p.m. Sunday.

In an email, van Hemmen reiterated his company’s position on the issue.

“Premier Horgan has been clear that municipalities do not have the authority to prevent ridesharing companies from operating,” he said. “Uber and drivers have all the required approvals from the provincial government and the Passenger Transportation Board to operate in Metro Vancouver. We do not believe there is any legal basis for drivers to be fined by the City of Surrey.”

Let’s block ads! (Why?)



Source link

Continue Reading

Business

'To be expected': Patience urged over limited supply of cannabis edibles – Calgary Herald

Published

on



Adam Chammorry displays some of the edibles available at Queen of Bud in Calgary on Monday, Jan. 13, 2020.



Darren Makowichuk/Postmedia

Cannabis retailers say the appetite for pot-infused edibles is outstripping the supply — and the provincial distributor can’t say when that will change.

It’s a replay of what occurred a year ago when logistical and regulatory hurdles created a shortage of cannabis in stores, a bottleneck that led to a six-month halt on new pot shops being approved by regulator-wholesaler Alberta Gaming, Liquor and Cannabis.

“This was definitely to be expected in a brand new industry,” said AGLC spokeswoman Heather Holmen.

She noted 406 cannabis stores have now been approved by the AGLC — by far the most of any province — that share the limited supply.

“I can’t confirm that it will further strain the supply, as Alberta is one of the leading jurisdictions with the most LPs (licensed producers) providing for our market,” said Holmen.

“We are confident that variety and quantity will increase as LPs receive their licences to manufacture 2.0 products.”

The provincial regulator has now signed up 45 licensed producers to supply the Alberta market, with more than half of them expected to add to the edibles supply sometime this year, said Holmen.

She said the AGLC has yet to receive cannabis-infused beverages and coffee/tea packets from licensed producers.

“Anything we can get our hands on, we’ll put into the inventory system,” said Holmen, adding that’s dependent on how quickly licensed producers make them available.

Retailers say some of the edible products they receive from the AGLC are far less than they order, one saying it’s just over 50 per cent.

The most popular items — chewable candies — are quickly sold out, say store operators.

“Edibles are selling very well but there’s definitely been some challenges with the regulatory system,” said Nathan Mison, chairman of the Alberta Cannabis Council, which represents retailers and producers.

“The challenges we’ve seen in legalization 1.0 are the same as 2.0.”

He said Health Canada approvals of edibles processors has been slow, while the large number of stores in Alberta has limited what’s available.

“Everybody’s fighting over the good products everybody wants, and the AGLC is struggling to fill our orders due to all the competitors in the market,” said Mison.

The looser regulatory regime in Saskatchewan, he said, had retailers selling edibles and vaping products there on Dec. 18, four weeks before most of those products appeared on Alberta shelves.

Related

That supply squeeze is due to a smaller number of edibles producers than there were bud growers at the start of legalization in late 2018, said Ryan Hellard, chief marketing and products officer for Olds-based Sundial Growers.

But he said Health Canada’s relaxation of regulations governing edibles producers should ease that.

“They no longer have to do any cultivation . . . there are a lot of people either getting their processing licences or close to it, so the supply should increase in the next few months,” said Hellard.

For now, Sundial is focused on producing cannabis vape cartridges it supplies to several other provinces.

The provincial government has delayed the addition of cannabis vape cartridges into the Alberta market pending a review of their safety, a move retailers and producers have decried.

The AGLC’s Holmen said she expects a decision on those products to come in a few weeks.

There are a number of Alberta businesses that hope to fill any supply gap with their offering once they’ve either been granted a processing licence from Health Canada or have their production line going.


Canopy Growth unveiled the company’s edible offerings including these vape products at Hotel Arts in Calgary on Monday, December 9, 2019.

Darren Makowichuk /

Postmedia

Edmonton-based Aurora Cannabis said the response to their new products “has been positive.”

“We are working closely with provinces and retailers as these new categories develop,” company spokeswoman Michelle Lefler said in a statement.

Calgary firm Choklat expects to add its chocolate bars, drinks and cannabis-infused sugar packets to the Alberta market in March and is hiring up to 25 new staff to ensure it.

Edmonton-area craft grower Freedom Cannabis is also positioning itself to feed the province’s appetite for pot treats.

“We’re encouraged by the demand for them and we’re in the process of buying land and building a lab,” said owner Troy Dezwart.

“We plan on expanding and hiring new people.”

BKaufmann@postmedia.com

Twitter: @BillKaufmannjrn

Let’s block ads! (Why?)



Source link

Continue Reading

Business

GRT strike, 'horrific' crash on Hwy. 401, 97 cats found in residence: Top stories of the week – CTV News

Published

on


Grand River Transit strike halts buses in Waterloo Region

Talks broke down between the Region of Waterloo and the union that represents hundreds of Grand River Transit workers Monday night and has resulted in strike. No GRT buses have hit the road in that time and no talks between the union and the region have been scheduled as of Saturday.

Students, those with physical handicaps, and commuters have all voiced their concerns with the job action. Meanwhile, alternative transportation has seen a spike in business.

LRT continues to be in service during the strike.

Ingersoll man killed in ‘horrific’ three-vehicle crash on Hwy. 401

A three-vehicle crash on Highway 401 eastbound in Newcastle, Ont. has left a 40-year-old man from Ingersoll dead.

Police say that a transport truck was broken down or disabled on the right shoulder of the eastbound lanes. A straight truck heading east collided with it from behind, becoming wedged underneath it.

The drivers got out to speak to one another about the crash when the third vehicle, another transport truck, collided with the side of the straight truck. One of the drivers who was outside of his truck was pinned between the vehicles. Police say he was the one killed.

“The collision scene here is obviously horrific, as you can see,” Sgt. Kerry Schmidt said in a video posted to Twitter.

Laurier, Waterloo, and Guelph crack top-20 list of ‘sugar baby’ schools in Canada

A list of Canadian universities with the most registered student “sugar babies” features three area schools. The list published by Seeking Arrangement has Laurier as the fifth school with 459 registered student members, University of Guelph at 11 with 396 and University of Waterloo at 13 with 312.

The numbers are gathered based on accounts registered to the site with student email addresses. The service is described as primarily for young women who are financially pampered by “sugar daddies” in exchange for companionship and negotiable sexual favours.

Guelph home had 97 cats inside, not 80: humane society

The Guelph Humane Society says that a total of 97 cats have been rescued from a home in Guelph, and that most of them are pretty healthy. Originally, it was believed that about 80 cats had been living in the residence on Huron Street.

The landlord of the building, who didn’t want to be named, told CTV on Wednesday that a woman had lived in the apartment for about four years. He says that the woman’s eviction led to the discovery of the cats, which prompted the humane society to begin removing them.

Cat getting wellness check

Trio of Boston Pizza locations close in Waterloo Region, but company hopes to reopen

Three Boston Pizza restaurants in Waterloo Region have closed, but fret not, the company says. According to a spokesperson for the chain, the current local owner decided to close the restaurants.

“However, given the continued popularity and success of the other Boston Pizzas in the area and all across Canada, we will work quickly to find new owners and return more Boston Pizza restaurants to the area as soon as possible,” a statement from the company reads.

Let’s block ads! (Why?)



Source link

Continue Reading

Trending