by Brian McKenna, The Canadian Press Posted Jun 30, 2015 6:02 am MDT Last Updated Jun 30, 2015 at 3:16 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Toronto, New York markets close on better note after big drop amid Greek woes TORONTO – Buyers returned to North American stock markets Tuesday after frantic selling the previous session sparked by the Greek debt crisis drove most major indexes into the red for the year to date.The S&P/TSX composite index closed up a solid 63.18 points at 14,553.33, but still finished the first six months of the year with a slight loss courtesy of an almost 318-point plunge on Monday.The loonie was down sharply, off 0.64 of a U.S. cent at 80.06 cents amid speculation of a possible rate cut by the Bank of Canada after Statistics Canada reported gross domestic product contracted for a fourth consecutive month in April.Gareth Watson, director, investment management and research, Richardson GMP, described the GDP numbers as “disappointing,” noting economists had been expecting a 0.1 per cent gain versus the 0.1 per cent loss the economy actually delivered.“It will get some people talking about potentially a technical recession if Q2 ends up being in negative territory,” Watson said.“But, more broadly speaking, the concern here is that the Bank of Canada might look at the data and feel that perhaps another interest rate cut is necessary … and, of course, the Canadian dollar will always fall on those expectations that rates are going to go lower.”In New York, indexes were also higher after big drops Tuesday, with the Dow Jones industrial average advancing 23.16 points to 17,619.51 following a 350-point drop Monday, its biggest of the year.The Nasdaq bounced back 28.40 points to 4,986.87 and the S&P 500 added 5.47 points to 2,063.11 and was marginally in positive territory for the year to date.In commodities, the August oil contract rose $1.14 to US$59.47 a barrel, while the August gold fell $7.20 to US$1,171.80 an ounce.Canadian markets will be closed Wednesday for the Canada Day holiday. New York markets will remain open but close Friday in advance of the July 4th Independence Day holiday on Saturday.Despite the recovery on markets Tuesday, Greece’s debt woes appear likely to drive volatility for some time to come.Currently, talks are at a standstill and the Greek people face a referendum on Sunday called by Prime Minister Alexis Tsipras to accept or reject austerity terms demanded by creditors. As a result, Athens seemed certain to miss a midnight deadline Tuesday to make a 1.6-billion-euro repayment to the International Monetary Fund.“It’s been said that the IMF will give them a month’s grace period before taking any type of action,” Watson said, adding that the next big date is July 20 “when it owes, I believe, the (European Central Bank) some money.”So expect ongoing volatility between now and July 20 “no matter what the outcome (of the referendum) and definitely if the answer is ‘No,’” he added.Note to readers: This is a corrected story: A previous version gave an incorrect number for the S&P 500 close
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Toronto police investigators are looking to interview Sergio Abreu about the circumstances surrounding the mysterious death of Bell Laboucan-McLean. Photo:clubcatcher.comBy Jorge Barrera APTN National NewsToronto police investigators are now seeking to question a third man in relation to the mysterious circumstances surrounding the death of a Cree woman who fell 31 storeys from the balcony of a Toronto condo this past July, APTN National News has learned.Police are still trying to determine what led to Bella Laboucan-McLean’s death in the early morning hours of July 20, 2013.Investigators have already questioned two men and two women who were at a party in condo unit 3109 at the time when Laboucan-McLean, 25, fell to her death.Nobody in the condo called police at the time of the incident. A man from the condo called in a missing persons report on Laboucan-McLean 12 hours after she fell from the a balcony on the 31st floor of 21 Iceboat Terr.Investigators are still trying to determine whether the death was suicide, accidental or murder. The case has not been transferred to homicide detectives and is in the hands of Toronto police’s 14 Division’s criminal investigation bureau.The division’s investigators have obtained a production order from an Ontario judge to access the cell phone records of at least four of the individuals in the condo at the time of Laboucan-McLean’s death.They hope to discover whether there were any spikes in data transfers or phone calls to and from cells at the time of the fateful fall.It could take up to three months for police to obtain the records from cell phone service providers, according to a police source close to the investigation.Investigators, however, have managed to confirm the identity of a third man who was also in the condo at the time of the incident, according to the police source.Investigators knew early on that a man named “Sergio” was also at the party, but failed to glean any information beyond his first name from their interviews.He has since been identified as Sergio Abreu who appears to be friends with Andrew James, aka Ox, the man who was renting unit 3109.The two were pictured together at the Tryst nightclub in December 2012, according to Facebook photos.Andrew James (left) and Sergio Abreu (right) in a photo posted in December 2012 on Abreu’s Facebook page.The two men were also photographed together at Tryst on July 19, 2013, the same night Laboucan-McLean went to the club with friend Antony Rankine. The four later went to James’ condo with two women from Montreal.Andrew James (foreground) and Sergio Abreu (background) at club Tryst on July 19, 2013. Photo: clubcatcher.comAbreu is currently unemployed and no longer has an active cell phone number, according to a relative contacted by APTN National News.Abreu did not respond to requests for comment from APTN National News.Investigators made contact with Abreu last week.Police were alerted to Laboucan-McLean’s death at about 5 a.m. when a neighbour called police after hearing a strange sound and seeing a body on the ground.Investigators went into the condo building and began knocking on doors from the section of the building from where they believed she fell.They came up empty. Investigators believe the party was still going at the time of Laboucan-McLean’s death.“They were partying when the police was called at 5 a.m.,” said the police source.Rankine, who is also a hip hop artist named Scandalis, told APTN National News that no one knew Laboucan-McLean had disappeared until they woke later in the day.“The truth has been told already,” said Rankine. “None of us knew she fell until we woke up next day. The police have all this information.”Police are still investigation mysterious circumstances around the death of Bella Laboucan-McLean, 25. Photo courtesy of LeeLee PhotographyLaboucan-McLean grew up in her mother’s community of Sturgeon Lake Cree Nation in Alberta. Her father Billy Joe Laboucan is the Chief of the Lubicon Lake Band.She had recently graduated from Humber College’s Fashion Arts program and was planning to launch a career in the industry. She also attended the University of Alberta.Her death stunned her friends and family who believe there is no way she would have taken her own life.A vigil held near the spot where she died was attended by actor Tantoo Cardinal and author Naomi Klein.firstname.lastname@example.org@JorgeBarrera
WASHINGTON — No retreat, no surrender is how President Donald Trump frames his decision to temporarily reopen the government while still pursuing a border wall deal.Some of his conservative backers have a different take, using words like “pathetic” and “wimp.”Other Trump supporters seem willing to give Trump the benefit of the doubt, while insisting that any ultimate government funding deal the president signs must include money for a wall.Trump defended himself Saturday from the conservative backlash to his decision to end the 35-day partial government shutdown without money for his promised border wall.He says if he doesn’t get a fair deal from Congress, the government will shut down again on Feb. 15 or he will use his executive authority to address problems on the southern U.S. border.Deb Riechmann And Steve Peoples, The Associated Press