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S&P/TSX composite rises more than 150 points, U.S. markets post strong gains

Published Sat, 08 Feb 2025 14:56:01 GMT

TORONTO — Canada’s main stock index rose more than 150 points with broad-based gains led by financials, health care and metals, while U.S. markets posted strong gains as tech stocks continued to impress during earnings season. The S&P/TSX composite index was up 155.92 points at 20,522.64.In New York, the Dow Jones industrial average was up 524.29 points at 33,826.16. The S&P 500 index was up 79.36 points at 4,135.35,while the Nasdaq composite was up 287.89 points at 12,142.24.The Canadian dollar traded for 73.46 cents UScompared with 73.39 cents US on Wednesday.The June crude contract was up 46 cents at US$74.76 per barrel and the June natural gas contract was up five cents at US$2.36 per mmBTU.The June gold contract was up US$3.00 at US$1,999.00 an ounce and the July copper contract was up two cents at US$3.88 a pound.This report by The Canadian Press was first published April 27, 2023.Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)The Canadian Press

Glencore willing to take Teck Resources bid directly to shareholders

Published Sat, 08 Feb 2025 14:56:01 GMT

Swiss commodities giant Glencore said it is willing to present its takeover offer directly to shareholders of Teck Resources Ltd. if the company’s board does not come to the negotiating table regarding its unsolicited proposal.Meanwhile, Canada’s official opposition party waded into the fray by formally calling for the federal government to block any attempt by Glencore to acquire the Vancouver-based Teck, which is Canada’s largest diversified mining company.“We believe that with engagement, we could further improve our proposal’s structure, terms and value, which would be in the best interests of all Teck shareholders,” Glencore said in a statement Thursday, its first public comments since Teck cancelled a key shareholder vote Wednesday on a plan to split its business — a plan that Glencore had opposed.Teck called off the vote when it became apparent it did not have the required two-thirds majority approval from shareholders for the proposal, which wou...

Sellers asking up to $10K for ticket to tonight’s Leafs game

Published Sat, 08 Feb 2025 14:56:01 GMT

The last time the Toronto Maple Leafs won a playoff series (2004), YouTube didn’t even exist yet. That puts in perspective just how long fans have suffered and how badly they’re yearning to witness the team exorcise its post-season demons.They’ll get that chance to erase all those years of heartache on home ice, but if you want to see it in person, you’ll have to be willing to erase some considerable heft from your bank account.The hottest ticket in town is commanding some huge prices online.On ticket exchange and resale site, StubHub, prices for tonight’s game start at nearly $700 and peak at over $10,000.The site confirms recent ticket sales for $1,822 (CAD) for a seat in Section 114, Row 6 and $1,458 for a spot in Section 107, row 15.What’s the view look like for the $10,476?Photo courtesy: StubHub screengrab.Of course, a win is never guaranteed against the always-formidable Tampa Bay Lightning, but Maple Leafs’ legend Wendel Clark offere...

Environmentalists denounce Nevada U.S. senator’s mining bill

Published Sat, 08 Feb 2025 14:56:01 GMT

RENO, Nev. (AP) — The Nevada Democrat who’s the heir apparent to the late Sen. Harry Reid’s role as chief defender of the mining industry across the West is for the first time feeling the wrath of environmentalists, who otherwise consider her an ally.National environmental groups, Native American tribes and progressive activists in Nevada are vigorously protesting a pro-mining bill Sen. Catherine Cortez Masto introduced this week.The Mining Regulatory Clarity Act effectively would insulate mining companies from a U.S. appeals court ruling that blocked a copper mine in Arizona. The court decision was a significant victory for environmentalists that poses perhaps the first real threat in nearly a century to corporate mineral rights protected under a Civil War-era mining law.“Sen. Cortez Masto has become a mining industry puppet and is throwing communities, tribes and wildlife under the bus,” said Patrick Donnelly, Great Basin director of the Arizona-based Center for Biological Diversi...

Police release details on Canada stabbings that left 11 dead

Published Sat, 08 Feb 2025 14:56:01 GMT

MELFORT, Saskatchewan (AP) — Police in Canada released details Thursday about a stabbing rampage that left 11 people dead and 17 injured last year, but said they may never know why the assailant went on the killing spree.Myles Sanderson, the 32-year-old accused in the attacks, died in police custody a few days later.Supt. Joshua Graham, the officer in charge of major crimes, said Myles Sanderson and his brother Damien Sanderson went to the James Smith Cree Nation to deal drugs on Sept. 1.Throughout their time in the community, they attacked some residents and stole a vehicle. The day before the massacre, Damien Sanderson told people at a nearby bar they had a “mission to do” and that “people would hear all about it in the next few hours.”Damien Sanderson, however, was one of the first people killed the morning of the rampage.Assistant Commissioner Rhonda Blackmore, commanding officer of the Saskatchewan RCMP, said since both Myles and Damian Sanderson are dead “some of the pieces of...

White woman whose claim caused Emmett Till murder has died

Published Sat, 08 Feb 2025 14:56:01 GMT

JACKSON, Miss. (AP) — The white woman who accused Black teenager Emmett Till of whistling at her — causing his 1955 lynching in Mississippi, which galvanized a generation of activists to rise up in the Civil Rights Movement — has died at 88.Carolyn Bryant Donham died in hospice care Tuesday night in Westlake, Louisiana, according to a death report filed Thursday in the Calcasieu Parish Coroner’s Office.Her death marks the last chance for anyone to be held accountable for a kidnapping and brutal murder that shocked the world.Till’s mother, Mamie Till Mobley, insisted on an open-casket funeral in their hometown of Chicago so the world could see her 14-year-old son’s mutilated body, which was pulled from a river in Mississippi. Jet magazine published photos.In August 1955, Till had traveled from Chicago to visit relatives in Mississippi. Donham — then 21 and named Carolyn Bryant — accused him of making improper advances on her at a grocery store where she was working in the...

Amazon stocks surge after Q1 revenue, profit wins

Published Sat, 08 Feb 2025 14:56:01 GMT

NEW YORK (AP) — Amazon on Thursday reported a continuing slowdown in its cloud computing unit AWS but stronger than expected revenue and profits for the first quarter sent its stocks higher in after-hours trading. The Seattle-based company said it pulled in $127.4 billion in revenue for the January-March quarter, a 9% growth compared to the $116.4 billion it reported during the same period last year. Analysts surveyed by FactSet had expected $124.6 billion. Profits came out to $3.2 billion, or 31 cents per share, higher than the $2.24 billion industry analysts had expected. It’s also a strong improvement from the same period last year, when the e-commerce giant reported its first quarterly loss in years mainly driven by a loss in value of its investment in the electric vehicle company Rivian Automotive. Amazon’s stock rose 9% in after-hours trading.The report on Thursday rounds out a busy earnings week for major tech companies. On Wednesday, Facebook parent Meta beat pro...

Search underway for missing 11-year-old in Chicago

Published Sat, 08 Feb 2025 14:56:01 GMT

CHICAGO -- The Chicago Police Department are asking for the public's help in locating a missing 11-year-old who was last seen Wednesday evening.Kayan Jones, 11, was last seen near 84th Street and Seeley Avenue on Chicago's south side around 6 p.m. on Wednesday, April 26. Search underway for missing Berwyn teen Jones is described as 5 foot, weighing 130 pounds, with brown eyes and black hair. He was last seen wearing a blue jacket, a black hooded sweatshirt, black shorts, and black gym shoes.Anyone with information on Jones' whereabouts are asked to contact the Chicago Police Department at 312-747-8274.

Indiana student was told to eat his own vomit with a spoon as staffers watched, police say

Published Sat, 08 Feb 2025 14:56:01 GMT

BROWNSBURG, Ind. (WXIN) – Staffers at an elementary school in Brownsburg, Indiana are now facing criminal charges after investigators say they told a 7-year-old student to eat his own vomit and failed to report the incident.The Hendricks County Prosecutor’s Office filed criminal charges against five staff members in connection with the incident in which a special education student was mistreated during lunch. Brownsburg Community School Police learned about the incident on April 12, although it occurred during a lunch period in February, according to the investigation. Illinois middle school wrestler sucker-punched by opponent after loss in viral video The prosecutor’s office identified the staff members and charges as:Brown Elementary Life Skills teacher Sara Seymour, 27; neglect of a dependent as a Level 6 felony, and failure to report, a Class B misdemeanor.Brown Elementary Life Skills instructional aide Debra Kanipe, 63; neglect of a dependent as a Level 6 felony, and failure ...

Third severe weather threat of the week comes Friday evening

Published Sat, 08 Feb 2025 14:56:01 GMT

AUSTIN (KXAN) -- Welcome rain fell in many areas from storms Thursday night, but the level of Lake Travis only rose one inch and remains 31 feet lower than normal. This week's drought update has only showed very slight improvement.24-hour rain totals as of 6AM ThursdayClear, beautiful weather settled in behind the cool front and will remain overnight into early Friday. But gusty south winds ramp up through the day Friday, leading to the quick return of severe-weather-inducing heat and humidity.The Storm Prediction Center has our entire area in a 2 out of 5 or 3 out of 5 threat of damaging storms Friday evening as another potent low pressure system dives into the state. The main concern is large hail, and wind damage is secondary. Tornadoes appear unlikely at this time.Severe weather risk on Friday eveningNext round of severe weather looks to arrive late Friday afternoon through late eveningMake sure you download the KXAN Weather App and enable your location to receive severe weather...