Toronto stock index up modestly as Wall Street hits another record high

TORONTO — North American markets nudged higher Wednesday as the U.S. Federal Reserve’s latest meeting minutes signalled a December rate hike is still on track.The Toronto Stock Exchange’s S&P/TSX composite index was up 30.04 points to 15,800.40.In New York, it was another record-setting day on Wall Street, despite meagre market movements.The Dow Jones industrial average added 42.21 points at 22,872.89, the S&P 500 index inched up 4.60 points at 2,555.24 and the Nasdaq composite index gained 16.30 points to 6,603.55.Wednesday’s release of the Fed’s September meeting minutes showed that although officials struggled to come to term with persistently low inflation, some were worried that low unemployment could result in a quick rebound in inflation, and a third rate hike was needed. The central banking system previously raised rates in June and March.Still, this release signalled nothing new in terms of market expectations, said Macan Nia, a senior investment strategist at Manulife Investments.“The Fed minutes alluded to the likelihood of an increase in December by 25 basis points, that we believe has already been priced into the market,” he said.Nia added market participants were also watching Prime Minister Justin Trudeau’s meeting with U.S. President Donald Trump closely, but there were little signals from their press conference on Wednesday.“We’re all very interested to see the outcome in terms of the NAFTA negotiation,” he said.”We’re all sitting back and waiting to see more concrete details in terms of proposals.”Meanwhile in corporate news, shares of licensed marijuana producer Canopy Growth Corp. (TSX:WEED) rose 5.92 per cent Wednesday, on news of a tie-up with a B.C. greenhouse operator which would more than double its production footprint to about 2.3 million square feet.In commodities, the November crude contract added 38 cents to US$51.30 per barrel and the November natural gas contract was unchanged at US$2.89 per mmBTU.The December gold contract was down $4.90 to US$1,288.90 an ounce and the December copper contract was up four cents to US$3.10 a pound.The Canadian dollar was trading at an average price of 80.01 cents US, up 0.02 of a cent. read more

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Two more suspects arrested with Madush in Dubai deported

Two more suspects who were arrested in Dubai at a hotel with the notorious underworld leader Makandure Madush, were deported to Sri Lanka and were detained at the Katunayake airport by the Criminal Investigations Department (CID).The Police said that Mohammad Siddik Mohommad Shiyam and Weerasinghage Lanka Sajitha Perera had been deported by the authorities in Dubai. Several suspects who were arrested at the party had been deported to Sri Lanka over the past several days.

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Peter Gentzel to replace Ege in AG Copenhagen

← Previous Story Steiner Ege is operated, but season is over Next Story → Hungarian squad ready for “Olympic battle” in Sweden AG CopenhagenPeter GentzelSteiner EgeSwedish handball legend Retired goalkeeper, Swedish legend, Peter Gentzel is the first pick to replace injured Steiner Ege in AG Copenhagen. Former THW Kiel goalkeeper stopped to play last year, but he is still in good form, ready for a new challenge with Danish champion. He said that he got a call from AG’s coach, Magnus Andersson. Second option for Ege’s reserve is former Danish NT player, Peter Henriksen. read more

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