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Canada’s main stock index reaches highest level since Oct. 5

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Canada’s main stock index posted a triple-digit gain Friday after oil hit a three-month high to extend the market’s winning streak to six weeks.

The S&P/TSX composite index closed up 142.26 points to 15,838.24, after hitting a peak during the day of 15,866.60. That’s the highest level since Oct. 5.

The Toronto market is just 4.4 per cent off the all-time high set last July and up 10.6 per cent so far this year.

Allan Small, senior investment adviser at HollisWealth, foresees the positive momentum continuing as long as geopolitical issues, especially the trade dispute between the U.S. and China, remain positive.

« Yes the year-to-date numbers look really strong in such a short period of time, but we’re just getting back to where we were trading at the end of the summer and early fall, » he said in an interview.

« Let’s get back from the highs … and that’s where things start to get a little bit more dicey. You may see the market start to trade sideways for a little bit until we get some sort of clarity on future and I think that’s where we kind of stall out. »

North American markets increased by as much as 1.7 per cent on continuing optimism about a trade deal with China after U.S. President Donald Trump told reporters he might extend the March 2 deadline for the imposition of tariffs, said Small.

We’ve heard some positive things come out of the administration over the past few days and I think it is no doubt that that’s what’s carrying the markets higher.– Allan Small, senior investment adviser at HollisWealth

In New York, the Dow Jones industrial average was up 443.86 points at 25,883.25. The S&P 500 index was up 29.87 points at 2,775.60, while the Nasdaq composite was up 45.46 points at 7,472.41.

« We’ve heard some positive things come out of the administration over the past few days and I think it is no doubt that that’s what’s carrying the markets higher, » said Small.

Energy sector gains

In Toronto, the key energy sector gained 3.2 per cent as Frontera Energy Corp. increased eight per cent, followed by Encana Corp., Canadian Natural Resources and Suncor Energy Inc.

The April crude contract was up $1.19 at $55.98 US per barrel, the highest level since mid-November on a weaker U.S. dollar and support from production curtailments by OPEC.

The March natural gas contract was up 5.2 cents at $2.62 per mmBTU.

The Canadian dollar traded at an average of 75.38 cents US, compared with an average of 75.20 cents US on Thursday.

The April gold contract was up $8.20 at $1,322.10 an ounce and the March copper contract was 2.4 cents at $2.80 a pound.

The Toronto market had widespread gains as industrials and financials rose.

The positive streak was also extended for another week on strong corporate earnings from several firms, including TransCanada Corp. and Manulife Financial Corp. In addition to beating analyst estimates, several raised their dividends and share buybacks.

« All the stuff that’s great for investors and adding to this positive feel for the market, » he added.



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Anglais

A stunning Water Lantern Festival is coming to Montreal

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What might just be the most magical night ever is coming up for Montreal this year.

The Water Lantern Festival has announced that it will be gracing Mississauga with thousands of floating lanterns later this year, as part of a celebration that spans the entire world.

According to the festival’s official website, the event is a celebration of life with proceeds going towards charities and non-profit organizations within the area.

“Water Lantern Festival brings together individuals from all ages, backgrounds, and walks of life to join in one emotional and memorable night. At the Water Lantern Festival, we cherish these moments and will do our best to help you have a memorable experience that you’ll never forget as you witness the beauty of thousands of lanterns reflecting upon the water,” the website states.

The festival takes place throughout multiple cities around the world, with the Canadian cities of Quebec, Regina, Vancouver, Hamilton, Calgary, Ottawa, Mississauga, and, of course, Montreal taking part.

For the Calgary event, a date has been confirmed and tickets are already rolling out. Montreal shan’t be far behind, and you can click the Notify Me tab on the event’s site to be kept in the loop.

Expect an evening filled with food trucks, music, lantern designing and finally, a magical launch of the lanterns into the water as the sun goes down.

For our pals over in Calgary, their event includes a floating lantern, a commemorative drawstring bag, a marker, and a wristband. Expect something similar, if not the same, when more details float through about Montreal’s event.

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Anglais

Euthanasia order on hold for Montreal dog that attacked children

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A pit bull dog that attacked four children and two adults in August 2018 in Montreal North will not be euthanized in the immediate future.

The euthanasia order has been temporarily suspended pending the appeal of a Quebec Superior Court decision.

On Tuesday, Judge Lukasz Granosik rejected a request to halt the euthanasia order issued by the Montreal North borough, which declared the animal a “dangerous dog.”

The City of Montreal has not changed its mind. This is only a delay before it proceeds with euthanizing the dog, a source told the Canadian Press.

Shotta, the one-year-old dog, was in the care of its owner’s acquaintance in August 2018. The dog attacked four children and two adults, causing serious injuries in separate incidents on the same day.

After the attacks, the dog was taken from the home and entrusted to the SPCA.

WATCH: Dog found dead in Angrignon Park

The Road to Home Rescue Support, an American shelter, asked the court if it could take in the dog. Christa Frineau, the dog’s owner, had also asked that Shotta not be euthanized.

Granosik refused to grant the request.

—With files from Global’s Kalina Laframboise

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Anglais

9 Things To Do In Montreal This Friday, Saturday & Sunday

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Today’s sunny skies have me itching to make weekend plans. I absolutely cannot wait to make the most of this warmer weather. This might be the time to inflate my bike tires and dust off my running shoes…

Whether you want to brush up on your cooking skills, let loose, or fill your stomach with amazing food, there’s an event out there for you. Read on for 9 fun things you can do with friends or a fling this weekend.

TL;DR Read on for 9 fun things you can do in Montreal this weekend.

Let Yourself Go At Dress Up

Where: 185 Avenue Van Horne, Montréal.

When: Friday, March 29, 9:00 p.m.

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