North American markets bounce back as energy and mining stocks recover slightly

TORONTO — North American equity markets rose as energy and mining stocks recovered despite a continuing decline in commodity prices.The S&P/TSX composite index rose 79 points to close at 13,016.59, adding to a meagre 15-point gain on Wednesday after Canada’s main index tumbled more than 430 points earlier in the week.New York indexes also rose, following a three-day losing streak.The Dow Jones added 82.45 points to close at 17,574.75, while the S&P 500 climbed 4.61 points to 2,052.23 and the Nasdaq rose 22.30 points to 5,045.17.On commodity markets, the January contract for benchmark oil lost 40 cents to US$36.76 a barrel, January natural gas gave back almost five cents to settle at US$2.015 per mmBtu and February gold fell $4.50 to US$1,072.00 an ounce.Falling oil helped pull the loonie down 0.36 of a cent to 73.36 cents U.S. The Canadian dollar has lost more than a cent and a half in value against the greenback since Dec. 3. read more

YWCA to move sells downtown plot of land

The YWCA has sold its prized piece of land.In one of the largest downtown land deals in recent history, the organization sold its entire city block of space to the real estate developer, Great Gulf Group of Companies.The YWCA says the money in the transaction will be used to build a future hub site expected to be finished in 2016, while services at the downtown location will continue thanks to a free two year lease offered to the YWCA by the purchaser.Great Gulf has not said what its plans are for the site, but a representative says long term development plans are in place.The price of the transaction was not released. YWCA to move, sells downtown plot of land AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by Mike Tarasko Posted Nov 27, 2015 7:30 am MDT read more