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S&P/TSX composite up in late-morning trading, U.S. stock markets mixed

Published Tue, 25 Feb 2025 18:30:02 GMT

TORONTO — Strength in the financial and utility sectors helped Canada’s main stock index move higher in late-morning trading, while U.S. stock markets were mixed to start the trading week.The S&P/TSX composite index was up 27.30 points at 19,528.79.In New York, the Dow Jones industrial average was up 141.88 points at 32,379.41. The S&P 500 index was up 6.04 points at 3,977.03, while the Nasdaq composite was down 23.87 points at 11,800.09.The Canadian dollar traded for 72.96 cents US compared with 72.66 cents US on Friday.The May crude contract was up US$1.36 at US$70.62 per barrel and the May natural gas contract was down 13 cents at US$2.23 per mmBTU.The April gold contract was down US$27.50 at US$1,956.30 an ounce and the May copper contract was down a penny at US$4.06 a pound.This report by The Canadian Press was first published March 27, 2023.Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)The Canadian Press

Pardon sought for Black man executed in 1908 in Illinois

Published Tue, 25 Feb 2025 18:30:02 GMT

SPRINGFIELD, Ill. (AP) — Joe James, a Black man, was asleep under a tree when he was grabbed, beaten and then arrested for the murder of a white man in Springfield, Illinois.Before he was put on trial and later executed, a white mob seeking vengeance for the crime James was accused of committing took out its hate and anger on other Black people in the state capital.The 1908 race riot left Black-owned businesses and homes looted and burned. At least two other Black men were lynched weeks before an all-white jury convened in the aftermath of the violence found James guilty, according to legal teams petitioning for a pardon 114 years after the fact. Their argument: The jury was racially prejudiced and James did not receive a fair trial.The riot and its aftermath fueled the formation a year later of the National Association for the Advancement of Colored People. “James’ factual innocence is not the focus of this petition, because the passage of time and the destruction of evidence have ...

At least 16 death in landslide in Ecuador’s Andean community

Published Tue, 25 Feb 2025 18:30:02 GMT

QUITO, Ecuador (AP) — At least 16 people died and 16 others were injured when a massive landslide buried dozens of homes in an Andean community in central Ecuador, the country’s emergency response agency reported Monday.Ecuador’s Risk Management Secretariat said seven people remain missing hours after the landslide Sunday in Alausí, about 137 miles (220 kilometers) south of the capital, Quito. The disaster also destroyed a portion of the Pan-American Highway.The governor of Chimborazo, Ivan Vinueza, told The Associated Press that some of the injured have been taken to area hospitals. He added that people have been ordered to evacuate the area due to the imminent risk of new landslides. The Associated Press

Teenager fatally stabs teacher, wounds five others in Brazil

Published Tue, 25 Feb 2025 18:30:02 GMT

A 13-year-old student in Brazil’s biggest city Sao Paulo fatally stabbed a 71-year-old teacher and wounded three teachers and two fellow students Monday in a knife attack at a public school, state officials said.The five wounded victims from the Thomazia Montoro school were in hospital in stable condition. The suspected attacker was detained and under investigation by the military police, Gov. Tarcisio Freitas wrote on social media. “Our efforts are concentrated on helping the wounded and comforting the family members,” Gov. Tarcísio de Freitas wrote on social media. Associated Press, The Associated Press

Dye & Durham considering possible spin out of TM Group in addition to sale option

Published Tue, 25 Feb 2025 18:30:02 GMT

TORONTO — Dye & Durham Ltd. says it is considering spinning out its TM Group business in addition to a possible sale after agreeing with the United Kingdom’s competition regulator last year that it would dispose of the business.The UK’s Competition and Markets Authority (CMA) ordered the sale of the software company’s July 2021 acquisition after it found it would “substantially” lessen competition in property search reports in England and Wales.Dye & Durham says a sale of TM Group remains its first and preferred option, but that it is also looking at a spin out as an alternative.The company says it has engaged with multiple bidders as part of an auction process.However, it says it believes having two options helps ensure the disposition generates maximum shareholder value. Both plans are subject to CMA approval, among other conditions.This report by The Canadian Press was first published March 27, 2023.Companies in this story: (TSX:DND)The Canad...

No atmosphere found at faraway Earth-sized world, study says

Published Tue, 25 Feb 2025 18:30:02 GMT

CAPE CANAVERAL, Fla. (AP) — The Webb Space Telescope has found no evidence of an atmosphere at one of the seven rocky, Earth-sized planets orbiting a nearby star. Scientists said Monday that doesn’t bode well for the rest of the planets in this solar system, some of which are in the sweet spot for harboring water and potentially life. The NASA-led team reported little if no atmosphere exists at the innermost planet in the Trappist system, 40 light-years away. The researchers used a special technique geared toward a warm planet like this one. Results were published Monday in the journal Nature. The lack of an atmosphere would mean no water and no protection from cosmic rays, said NASA’s Thomas Greene, the lead researcher. As for the other planets orbiting the small, feeble Trappist star, “I would have been more optimistic about the others” having atmospheres if this one had, Greene said in an email.Because this innermost planet is bombarded by solar radiation — four times as mu...

Poland, EU seek to boost munitions production

Published Tue, 25 Feb 2025 18:30:02 GMT

WARSAW, Poland (AP) — Officials from Poland and the European Union on Monday discussed artillery munitions manufacturing as part of a new, 2 billion euro ($2.2 billion) program to supply Ukraine in its war against invading Russian forces and to replenish Europe’s dwindling stocks. EU Internal Market Commissioner Thierry Breton visited DEZAMET S.A. munition plant in Nowa Deba, in southeast Poland, accompanied by Polish Prime Minister Mateusz Morawiecki and Defense Minister Mariusz Blaszczak. The visit came just days after Brussels announced a program to reimburse countries offering artillery ammunition to Ukraine from a 1 billion euro ($1.1 billion) fund. The program also aims to spend an equal amount on increasing production in 11 countries with such manufacturing capacity.Breton said the EU is “determined” to quickly do what is needed in light of a conflict that’s expected to drag on. He also encouraged other EU countries to transfer ammunition to Ukraine as soon as possible....

In Trump probe, Manhattan grand jury is back at work

Published Tue, 25 Feb 2025 18:30:02 GMT

NEW YORK (AP) — The Manhattan grand jury investigating former President Donald Trump over hush money payments returned on Monday to hear more evidence, with still no word on when it might be asked to vote on a possible indictment.It was the first time the panel was hearing testimony in the Trump probe since last Monday, when a witness favorable to the ex-president appeared before the grand jury. The jurors did not meet at all on Wednesday, one of the days when they ordinarily convene, and heard other matters on Thursday.The grand jury is now back on Trump, according to a person familiar with the matter who spoke on condition of anonymity to discuss secretive proceedings. It was not immediately clear whether an additional witness might be called before the panel.Trump raised anticipation that criminal charges were imminent with a March 18 post on his social media platform in which he said he expected to be arrested last Tuesday. He has since used the absence of an indictment to claim...

Ottawa’s slow rollout of internet to First Nations creating economic rift: audit

Published Tue, 25 Feb 2025 18:30:02 GMT

OTTAWA — The federal government’s slow rollout of high-speed internet to rural areas is putting First Nations at an economic disadvantage while billions of dollars earmarked to fix the issue remains untouched, says Canada’s auditor general.The lack of internet access continues to exclude First Nation reserves from accessing education, work and medical or government services online, Karen Hogan says in a report released Monday — despite there being billions of dollars in last year’s budget to address their needs.“Internet and mobile services is not equal for all Canadians,” reads the audit report, which covered the period from July 2018 to January.On First Nations, about 43 per cent of households have high-speed internet, while 91 per cent of households across Canada do. In rural and remote areas, about 60 per cent have access to high-speed internet.The audit found that the federal government is failing to account for affordability, because it is only &#...

MP Han Dong suing Global News over ‘false’ reporting on Chinese interference

Published Tue, 25 Feb 2025 18:30:02 GMT

MP Han Dong says he is suing Global News and Corus Entertainment over their reporting that he advised a Chinese diplomat on the detentions of the Two Michaels in 2021.Dong released a statement on Monday saying he has retained a lawyer and is ready to “begin legal action to its fullest extent.”“I voted in support of a public inquiry on foreign interference to demonstrate to my family, colleagues and constituents that I have nothing to hide and to remind my false accusers and Global News that the truth will always come out in the end,” reads the statement from Dong.Please see my statement below. pic.twitter.com/7NgcDKSaXy— Han Dong (@handongontario) March 27, 2023The Toronto MP for Don Valley North announced he would resign from the Liberal caucus last week and sit as an Independent. Dong told the House of Commons that he would defend himself against “absolutely untrue claims” regarding his alleged involvement in Chinese interference.Global Ne...