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DIVER DROWNED OFF NORTH VANCOUVER PARK A scuba diver has died in the water off Deep Cove’s Strathcona Lookout Park, North Vancouver RCMP say. According to police, the manand his
BC NON-ESSENTIAL TRAVEL BAN: EVERYTHING YOU NEED TO KNOW Restrictions on travel in BC are extended until June 15, 2021, to stop the spread of coronavirus. Here is the four-step plan to resumetravel.
METRO VANCOUVER RESIDENT MAKES EPIC 'WIZARD OF OZ' DISPLAY Ed Lien has found himself beyond the yellow brick road after first setting out to build a simple fence. Over the last year, if those passing Ed’s property in Lynn Valley haven’t slowed their BC NON-ESSENTIAL TRAVEL BAN WITH ROAD CHECKS EXTENDED The restrictions on travel across British Columbia will be extended until mid-June in order to stop the spread of COVID-19 and variants of concern. Provincial officials revealed B.C.'s Restart CP RAIL'S LARGEST SHAREHOLDER URGES CN RAIL TO ABANDON BID TORONTO — Canadian Pacific Railway Ltd.'s largest shareholder has called on CN Rail to drop its bid for Kansas City Southern because of the sizable break fee CN Rail would be forced to pay if HERE'S HOW A TOWN WILL REMEMBER A BELOVED TRUCKING COUPLE Thus, fellow trucker Darren Doak, who owns JR Transport, has organized a memorial truck convoy and air horn tribute to the pair set for May29. The
VANCOUVER BREWERY RELEASES "INVISIBLE" GREEN SCREEN BEER Vancouver's R&B Brewing has released what they're calling "an unprecedented beer for unprecedented times." Their new Green ScreenIPA is a fun take
WHERE ARE CORONAVIRUS HOT SPOTS ARE IN BC COMMUNITIES These new maps show which B.C. communities are COVID-19 hot spots. So far, the maps have only shown COVID-19 'hot spots' in local health areas, rather than at CORONAVIRUS: BC TO RELEASE MAPS WITH COMMUNITY HOT SPOT COVID-19: B.C. to release maps that show hot spots at community level. So far, the maps have only shown COVID-19 'hot spots' in local health areas, rather than at NORTH SHORE LOCAL NEWS Your best source for North Short news, sports, business, community news and events, entertainment, lifestyles, obituaries, and opinioncoverage.
DIVER DROWNED OFF NORTH VANCOUVER PARK A scuba diver has died in the water off Deep Cove’s Strathcona Lookout Park, North Vancouver RCMP say. According to police, the manand his
BC NON-ESSENTIAL TRAVEL BAN: EVERYTHING YOU NEED TO KNOW Restrictions on travel in BC are extended until June 15, 2021, to stop the spread of coronavirus. Here is the four-step plan to resumetravel.
METRO VANCOUVER RESIDENT MAKES EPIC 'WIZARD OF OZ' DISPLAY Ed Lien has found himself beyond the yellow brick road after first setting out to build a simple fence. Over the last year, if those passing Ed’s property in Lynn Valley haven’t slowed their BC NON-ESSENTIAL TRAVEL BAN WITH ROAD CHECKS EXTENDED The restrictions on travel across British Columbia will be extended until mid-June in order to stop the spread of COVID-19 and variants of concern. Provincial officials revealed B.C.'s Restart CP RAIL'S LARGEST SHAREHOLDER URGES CN RAIL TO ABANDON BID TORONTO — Canadian Pacific Railway Ltd.'s largest shareholder has called on CN Rail to drop its bid for Kansas City Southern because of the sizable break fee CN Rail would be forced to pay if HERE'S HOW A TOWN WILL REMEMBER A BELOVED TRUCKING COUPLE Thus, fellow trucker Darren Doak, who owns JR Transport, has organized a memorial truck convoy and air horn tribute to the pair set for May29. The
VANCOUVER BREWERY RELEASES "INVISIBLE" GREEN SCREEN BEER Vancouver's R&B Brewing has released what they're calling "an unprecedented beer for unprecedented times." Their new Green ScreenIPA is a fun take
WHERE ARE CORONAVIRUS HOT SPOTS ARE IN BC COMMUNITIES These new maps show which B.C. communities are COVID-19 hot spots. So far, the maps have only shown COVID-19 'hot spots' in local health areas, rather than at CORONAVIRUS: BC TO RELEASE MAPS WITH COMMUNITY HOT SPOT COVID-19: B.C. to release maps that show hot spots at community level. So far, the maps have only shown COVID-19 'hot spots' in local health areas, rather than atNORTH SHORE NEWS
North Shore teens, parents relieved at getting green light for COVID vaccines. Bookings already open for 12 - 17 year olds in North and West Vancouver clinics. about an hour ago Read more >. DAILY COVID-19 RATE DROPS ON THE NORTH SHORE 8 hours ago · From the BCCDC data for the week of June 1 to June 7:. The average daily rate of COVID-19 cases dropped in North Vancouver tothree. Almost nine
CHICAGO MAN JUMPS INTO LAKE MICHIGAN FOR 365TH STRAIGHT 3 hours ago · CHICAGO (AP) — A Chicago bus driver looking for a way to relieve stress during the coronavirus pandemic jumped into Lake Michigan for a 365th straight day on Saturday. THE LATEST: CALIFORNIA TO LIFT MOST OF STATE’S VIRUS RULES 1 day ago · SACRAMENTO, Calif. -- California Gov. Gavin Newsom has signed an executive order that will lift most of the state’s coronavirus rules. The order Newsom signed Friday takes effectTuesday.
CHINA AND ITS VANCOUVER ALLIES CLAP BACK AT CCP CRITICS 1 day ago · China and a prominent Vancouver civic group supportive of Chinese Communist Party (CCP) policies have clapped back at their critics over the past week, as geopolitical tensions continue to stira
COVID-19: WHEN CAN I GET MY SECOND ASTRAZENECA DOSE IN BC The recommended timeframe between the first and second doses of AstraZeneca is eight to 12 weeks. The BC Pharmacy Association (BCPhA) says that people who received their first dose at a BC RESTAURANTS TOLD BY INDUSTRY LEADER TO REOPEN MAY 25 UPDATE May 25: Under the new B.C. Restart Plan, as of May 25 we are in Step 1 and restaurants can resume offering indoor dining. Read moreabout what is
GLOBAL CHIP SHORTAGE, PANDEMIC DEMAND DRIVE UP HOME A global shortage of computer chips, along with a surge in demand during the pandemic, has driven up prices of home appliances. Guelph, Ont.,-based appliance company Danby said a B.C. WATCHING COVID-19 VACCINE SUPPLY TO ACCELERATE B.C. reported 411 new cases of COVID-19 on Tuesday for a total of 140,075 infections. Two additional deaths were reported, bringing the total number of fatalities to 1,650. More than 2.5 million ALBERTA JUSTICE MINISTER HIKES FINES, PROMISES RENEWED EDMONTON — Alberta has doubled fines for disobeying public health measures meant to fight COVID-19 and Justice Minister Kaycee Madu is promising a renewed effort to__
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TSX PLUNGES BEFORE TRADING HALT WHILE U.S. ON PATH TO WORST WEEK SINCE2008
The Canadian Press
February 27, 2020 07:00 AM
Financial numbers flow on the digital ticker tape at the TMX Group in Toronto's financial district on May 9, 2014. THE CANADIAN PRESS/DarrenCalabrese
TORONTO — Canada's main stock index plunged for a fifth straight day before trading was prematurely halted while U.S. markets were in correction territory on the path to their worst weekly performance since the financial crisis. The S&P/TSX composite index was down 324.48 points or 1.9 per cent at 16,717.44 before trading ended at 1:54 p.m. due to a technical issue.__
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* UPDATE: Police take-down closes Highway 1 in West Vancouver * At last, here is Whistler Blackcomb’s best-kept secret * Emergency crews respond to 10-vehicle pileup in North Vancouver * Latest B.C. coronavirus cases linked to Iran The country's primary exchange closed abruptly during a week when investors were rattled by concerns over the economic impact of thecoronavirus.
"It's crazy. Like what the hell," said Ryan Crowther, portfolio manager at Franklin Templeton Canada. "Unlikely to instil confidence as we go into Friday, assuming we're back on line tomorrow morning." With its early close, the TSX missed out on some of the deeper losses on U.S. markets heading into the close. What that means following a resumption of TSX trading will depend on the overnight news flow around the virus called COVID-19, Crowther said in an interview. In New York, the Dow Jones industrial average closed down 1,190.95 points or 4.4 per cent at 25,766.64. The S&P 500 index was down 137.63 points or 4.4 per cent at 2,978.76, while the Nasdaq composite was down 414.29 points or 4.6 per cent at 8,566.48. U.S. markets are as much as 12.9 per cent below the all-time high it set just a week ago. This is now their worst week since October 2008, when Wall Street was mired in the financial crisis. By contrast, the TSX is just seven per cent of last week's record high. Former Federal Reserve chairwoman Janet Yellen reportedly suggested Thursday that the coronavirus could drag the U.S. economy into arecession.
"It's definitely something being widely contemplated now," saidCrowther.
He said it's been awhile since markets acted like this. "If we look at the performance of equities since late 2018, the markets have been largely shrugging off any apparent risks to economic growth but if U.S.-China trade concerns and Brexit weren't enough to rattle investor sentiment, it appears that COVID-19 could be thetipping point."
The Canadian dollar traded for 74.84 cents US, the lowest level in eight months, compared with an average of 75.15 cents US on Wednesday. All sectors on the TSX were down, led by health care, materials andenergy.
Health care dropped 3.6 per cent with The Green Organic Dutchman Holdings Ltd. off 9.3 per cent, followed by several other cannabisproducers.
Materials was 3.2 per cent lower as Eldorado Gold lost 8.8 per cent on slightly lower gold prices. The April gold contract was down 60 cents at US$1,642.50 an ounce and the May copper contract was down 0.2 of a cent at US$2.57 a pound. The key energy sector was off 2.7 per cent with Frontera Energy Corp. and Husky Energy Inc. off 7.5 and 5.7 per cent, respectively, as crude oil prices sank to their lowest level since January 2019. The April crude contract was down US$1.64 at US$47.09 per barrel and the April natural gas contract was down 8.5 cents at US$1.75 permmBTU.
The recent severe market volatility coming so soon after reaching record highs is unusual and something newer investors may be experiencing for the first time amid a protracted bull run, saidCrowther.
"The younger generation a lot of them didn't live through the global financial crisis so they're seeing some volatility that would remind us of some of the market dynamics that we would have seen in 2008 and2009."
This report by The Canadian Press was first published Feb. 27, 2020. Companies in this story: (TSX:HSE, TSX:TGOD, TSX:FEC, TSX:ELD, TSX:TSX:GSPTSE, TSX:CADUSD=X)next
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GAMES POLL
SHOULD VANCOUVER HOST THE 2030 OLYMPICS? Yes, we have the infrastructure and we should use it. No, the only thing more outrageous than the cost of the Games wouldbe the traffic.
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