TSX closes above 14000 for first time since August on rising oil

TORONTO — Canada’s main stock market has closed at its highest level in more than nine months, fuelled by gains in energy and bank stocks.The S&P/TSX composite index in Toronto racked up 100.89 points to settle at 14,053.74.The last time it closed above the 14,000 mark was on Aug. 19, 2015.The Canadian dollar also found strength, adding 0.72 of a cent to end the day at 76.79 cents US.The uptick came after the Bank of Canada announced it was holding its key interest rate steady and a report that showed a decrease in U.S. oil stockpiles, which helped lift crude prices.The July crude contract was up 94 cents at US$49.56 a barrel, while July natural gas gained four cents at US$2.18 per mmBTU.The June gold contract fell $5.40 to US$1,223.80 an ounce and July copper contracts rose four cents to US$2.10 a pound.On Wall Street, the Dow Jones industrial average soared 145.46 points at 17,851.51, the broader S&P 500 composite index advanced 14.48 points to 2,090.54 and the Nasdaq composite gained 33.83 points to 4,894.89. read more

Prince Albert police work to address roots of crime after spike in

PRINCE ALBERT — Police Chief Jon Bergen says the police force is aware of recent increases in both violent and property crimes and is doing what it can to respond and prevent more.City police held a news conference on Friday in response to recent crime statistics indicating Prince Albert has had five homicides this year, 27 incidents involving guns and 114 incidents where knives were used or produced.Guns have been fired eight times this year, Bergen said, including a pair of shootings last week.Seeing five homicides in a year is not typical, Bergen said. Last year there were just two. The city hasn’t seen five in one year since 2003.Arrests have been made in four of those deaths, while 18 people have been charged in connection with incidents involving guns and 44 in cases involving knives.Story continues belowThis advertisement has not loaded yet,but your article continues below.“Every death or serious injury … is its own tragedy and is a sad and scary time for our entire community,” Bergen said.“I want to tell the public that as a police service, we are working hard to combat crime and arrest those responsible. We can say these incidents of violence are not random. In most cases, the suspects and victims are known to each other. Our goal as a police service is to get ahead of crime through proactive policing, rather than just responding to violence.”After seeing a lull in property crime in the early part of the year, reports of break-ins spiked in the summer.Bergen said police have had some success addressing this already.A break-and-enter task force, announced on Aug. 21, has recovered a variety of stolen items and “made significant inroads” in connection with other break-ins, he said. Officers have interviewed or arrested nearly 40 people in connection with property crime investigations.A gang suppression initiative this summer led to the arrests of 35 people and the seizure of weapons, drugs and drug paraphernalia.Bergen said people should continue to be aware of their surroundings, but reiterated that much of the violent crime has been between people who know each other.“We are working aggressively to ensure we can provide the safest community we can. We are aware that because of the amount of concerning incidents that have occurred, the community will naturally call their safety into question,” he said.“Members of this police service are members of this community … and we are going to do what we can to protect it and keep it safe.”He said the new community policing unit, which was recently announced and will consist of two officers, will increase visibility downtown and in the city’s shopping districts to help deter crime.The force is also partnering with whomever they can to work towards crime prevention, he said.“Part of our work as a police service is addressing the root causes of crime. We are already actively participating in discussions with various levels of governments and community groups to find solutions to various factors that can lead to criminal activity.”Bergen said drug and alcohol addictions, especially involving crystal meth, are significant factors.“The biggest increase we’ve seen with property crimes is break-and-enters to outbuildings. When I looked at a graph it was quite clear. When we start to see meth in the community — between trafficking charges, possession charges and seizures of meth — we start to see an increase in property-related and violent offences too. We believe that if we can have an impact there, that’s going to have an impact on the outcomes and what the long-term solution is.”About 30 per cent of people who commit crimes in Prince Albert live outside of the city, he added, noting that the city’s numbers show the retail population of Prince Albert is close to 190,000, far greater than the city’s population of about 36,000. read more