‘Santa is coming to town’ as election candidate fighting for seat forced to leave count centre for very festive reasonTORONTO — Canada's main stock index lost more than 100 points Tuesday ahead of an expected interest rate cut Wednesday, while U.S. markets were also down. The S&P/TSX composite index closed down 121.09 points at 25,504.33. In New York, the Dow Jones industrial average was down 154.10 points at 44,247.83. The S&P 500 index was down 17.94 points at 6,034.91, while the Nasdaq composite was down 49.45 points at 19,687.24. “Relative to the churn we have seen in the markets the last few days ... today being a little bit of a boring day would be fairly welcome for many investors,” said Stephen Duench, vice-president and portfolio manager for AGF Investments Inc. Wednesday is set to be more exciting, with an interest rate cut expected in Canada and important consumer inflation data coming in the U.S. “I do expect a little bit more fireworks tomorrow,” said Duench. The Bank of Canada is widely expected to announce an outsized cut Wednesday of half a percentage point, he said. “Anything other than that would be a surprise.” The U.S. Federal Reserve has its last decision of the year scheduled for next week, and market watchers are leaning toward a smaller quarter-percentage-point cut there, said Duench. It would be the third cut this year after the central bank hiked rates to a two-decade high to fight inflation. The inflation report will be the last significant data point before the central bank’s decision, Duench said. If the inflation report shows price growth is proving more stubborn than expected, that could change the Fed’s thinking on rates next week, he said. “Maybe that's part of the reason we've seen churn in the market the last few days in the U.S.” Beneath the surface, there was some movement in the tech sector, where Oracle sank 6.7 per cent after its latest earnings report missed expectations. Meanwhile, Google's stock price rose by more than five per cent. The company on Tuesday unveiled its new chip meant for quantum computing. Duench said after the advent of artificial technology led a rally earlier this year, quantum computing could be another frontier for investors to keep an eye on. The Canadian dollar traded for 70.59 cents US compared with 70.77 cents US on Monday. The January crude oil contract was up 12 cents at US$68.59 per barrel and the January natural gas contract was down two cents at US$3.16 per mmBTU. The February gold contract was up US$32.60 at US$2,718.40 an ounce and the March copper contract was down less than a penny at US$4.27 a pound. — With files from The Associated Press This report by The Canadian Press was first published Dec. 10, 2024. Companies in this story: (TSX:GSPTSE, TSX:CADUSD) Rosa Saba, The Canadian Press(Reuters) - President Joe Biden’s decision to pardon his son Hunter Biden drew sharp criticism from Republicans but also from fellow Democrats, who said the move sets a bad precedent and sows doubt in a U.S. justice system they have tried to defend against President-elect Donald Trump's attacks. Biden, a Democrat whose term ends on Jan. 20, signed an unconditional pardon for Hunter, 54, on Sunday and said he believed his son had been selectively prosecuted and targeted unfairly by the president's political opponents. On Monday, the White House said Biden also feared his political opponents would continue to persecute the younger Biden in the future. Biden previously pledged not to intervene in the two criminal convictions against his son. Many of his own allies said they sympathized with the president's urge to help out his troubled son but couldn't back the move. "As a father, I get it. But as someone who wants people to believe in public service again, it’s a setback," Ohio congressman Greg Landsman, a Democrat, wrote on X. Democrats are still reeling over Trump's defeat of Vice President Kamala Harris in November's election, which some blamed on Biden, 82, and his decision to remain in the race despite concerns over his age. Trump has spent the last few years lambasting the U.S. criminal justice system as a corrupt institution weaponized by Democrats as he faced a series of probes. His nominees, including Kash Patel at the FBI, have pledged to upend it and strip out employees if confirmed. Trump became the first U.S. president to be convicted of a crime earlier this year when he was found guilty of falsifying documents to cover up a payment to silence a porn star ahead of the 2016 election. He is seeking a dismissal of the case after sentencing delays and legal concerns about punishing a sitting president. He also faced federal and state criminal charges for his role in seeking to overturn the 2020 election results and the Jan.6, 2021 attack on the U.S. Capitol. The federal charges have been dropped and the case in the state of Georgia is unlikely to proceed. Democrats were often the most vocal main defenders of the fairness and credibility of those criminal cases. Many say they now fear that Biden's pardon muddies the political waters and threatens to make the party's previous defense seem hollow. "President Biden’s decision put personal interest ahead of duty and further erodes Americans’ faith that the justice system is fair and equal for all," U.S. Senator Michael Bennet, a Colorado Democrat. U.S. congressman Greg Stanton, an Arizona Democrat, said he respects Biden but the decision was a bad one. "This wasn’t a politically-motivated prosecution. Hunter committed felonies, and was convicted by a jury of his peers," Stanton said. Former U.S. Attorney General Eric Holder, who served under Democratic President Barack Obama, took to X to defend Biden's move, arguing no U.S. attorney would have charged the case given the underlying facts. "After a 5 year investigation the facts as discovered only made that clear. Had his name been Joe Smith the resolution would have been - fundamentally and more fairly - a declination. Pardon warranted," Holder said. (Reporting By Jarrett Renshaw; Editing by Heather Timmons and Alistair Bell)Saturday Night Live has lined up its last trio of hosts for 2024. After a season full of nostalgic bits, political bites, and even some emotional moments, Season 50’s first stretch will conclude with three back-to-back-to-back episodes in December. Here’s what to know about how to tune in for the last three episodes of the year.0
Azincourt Energy Corp. ( CVE:AAZ – Get Free Report ) rose 50% on Friday . The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 253,181 shares changed hands during trading, a decline of 2% from the average daily volume of 259,671 shares. The stock had previously closed at C$0.01. Azincourt Energy Stock Up 50.0 % The firm has a market capitalization of C$4.48 million, a PE ratio of -1.50 and a beta of 2.78. The stock has a 50-day simple moving average of C$0.01 and a 200-day simple moving average of C$0.02. Azincourt Energy Company Profile ( Get Free Report ) Azincourt Energy Corp., an exploration and development company, focuses on the alternative fuels/alternative energy sector in Canada and Peru. It explores for uranium and lithium deposits, as well as other clean energy elements. The company owns interest in the East Preston project covering an area of approximately 25,000 hectares located in Saskatchewan, Canada; and the Big Hill Lithium project covering approximately an area of 7,500 hectares located in southwestern Newfoundland, Canada. See Also Receive News & Ratings for Azincourt Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Azincourt Energy and related companies with MarketBeat.com's FREE daily email newsletter .Nearly 13 months after his beloved wife Rosalynn died in November 2023, former President Jimmy Carter passed away at the age of 100, the Carter Center confirmed on Sunday. The former president made a rare public appearance at her memorial service. He sat in a wheelchair with a blanket that had a picture of him and Rosalynn together. He would also make a rare public appearance on October 1 as his hometown celebrated his 100th birthday. “Rosalynn was my equal partner in everything I ever accomplished,” President Carter said after his wife passed away. “She gave me wise guidance and encouragement when I needed it. As long as Rosalynn was in the world, I always knew somebody loved and supported me.” The couple was married for 77 years. They met as children, both growing up in Plains, Georgia. Their storied romance started when Jimmy was 17 years old. After their first date, he reportedly told his mom, “She’s the girl I want to marry.” The pair would marry not long after — in 1946. The couple moved to Norfolk, Virginia, where Jimmy was stationed after graduating from the U.S. Naval Academy. Like many military families, the Carters moved from city to city. Their three sons were born in three different states: Virginia, Hawaii and Connecticut. Their only daughter was born in their home state of Georgia. Jimmy left the military in 1953 and began a career in politics about 10 years later. RELATED STORY | Former President Jimmy Carter dies at age 100 Rosalynn was reportedly an important member of Jimmy’s campaign team when he ran for governor of Georgia, a race he won in 1970. After serving four years as governor, Jimmy decided to run for president. During the campaign, Rosalynn traveled the country independently, proving to be a strong advocate for her husband’s vision for the country. Jimmy Carter would go on to defeat President Gerald Ford and become the 39th president of the United States. Rosalynn was an active first lady. She attended cabinet meetings and frequently represented her husband at ceremonial events. Rosalynn shared in her husband’s efforts to work to make the U.S. government more “competent and compassionate,” the White House said. After leaving the White House in 1981, the couple returned to Georgia. They would go on to become some of the most notable philanthropists in the world. They founded The Carter Center, which is committed to protecting human rights around the world.
CPEC Chili Project earned reward at the ongoing at the 2nd China International Supply Chain Expo (CISCE), China Economic Net (CEN) reported on Friday. During a featured event-the Trade Promotion Think Tank Exchange and the release of the “One Report, Two Indices”-an awards ceremony was held for the Global Supply Chain Promotion Research Competition. Among the recognized works, the report titled “Enhancing the Quality of Green Agricultural Supply Chains under China-Pakistan Economic Corridor: A Case Study of the Pakistan-China Chili Project”, co-authored by Professor Song Zhihui from Sichuan University’s Pakistan Study Center and Dr. Liu Yajing of China Agricultural University, stood out, earning third prize in the Business Advocacy Award category. Professor Song Zhihui told CEN that as a project aimed at improving the quality of green agricultural supply chains under CPEC, his team was confident from the start in the research’s practical significance and long-term strategic value. “Our case study on the Pakistan-China chili project gave us a thorough understanding of the critical role green agriculture plays in global supply chains. Green agriculture is not only essential for improving product quality and promoting sustainable development, but it is also a vital measure for addressing global environmental crisis and advancing agricultural modernization.” Dr. Liu Yajing noted that the recognition from the China Council for the Promotion of International Trade (CCPIT) underscores not only the outcomes of deep reflection and exploration by outstanding enterprises but also the potential and prospects for agricultural cooperation within CPEC. The study identified agriculture as a crucial area for bilateral collaboration, aligning with the resource strengths of both China and Pakistan. By sharing expertise and technology, the two countries can address economic challenges, improve farmer incomes, and promote sustainable development. The chili project exemplifies this approach, combining Pakistan’s agricultural assets with China’s supply chain expertise to create significant value. While addressing key challenges in the bilateral supply chain under CPEC, the researchers said that logistical inefficiencies, including inadequate infrastructure and high transportation costs, remain significant barriers. Differences in product standards and insufficient systems for information sharing further complicate cross-border operations. The need for resilient supply chains has become increasingly critical in the face of global economic uncertainties. The researchers proposed several solutions, including improving infrastructure, developing talent through specialized training programs, investing in e-commerce and digital platforms, and enhancing policy coordination between the two governments. These measures aim to reduce costs, increase efficiency, and build stronger connections between the two economies. The chili project under study is from Sichuan Puji Holdings Co.,Ltd., it is recognized as one of the inaugural agricultural initiatives under CPEC.TOPEKA, Kan. (AP) — Republicans made claims about illegal voting by noncitizens a centerpiece of their 2024 campaign messaging and plan to push legislation in the new Congress requiring voters to provide proof of U.S. citizenship. Yet there's one place with a GOP supermajority where linking voting to citizenship appears to be a nonstarter: Kansas. That's because the state has been there, done that, and all but a few Republicans would prefer not to go there again. Kansas imposed a proof-of-citizenship requirement over a decade ago that grew into one of the biggest political fiascos in the state in recent memory. The law, passed by the state Legislature in 2011 and implemented two years later, ended up blocking the voter registrations of more than 31,000 U.S. citizens who were otherwise eligible to vote. That was 12% of everyone seeking to register in Kansas for the first time. Federal courts ultimately declared the law an unconstitutional burden on voting rights, and it hasn't been enforced since 2018. Kansas provides a cautionary tale about how pursuing an election concern that in fact is extremely rare risks disenfranchising a far greater number of people who are legally entitled to vote. The state’s top elections official, Secretary of State Scott Schwab, championed the idea as a legislator and now says states and the federal government shouldn't touch it. “Kansas did that 10 years ago,” said Schwab, a Republican. “It didn’t work out so well.” Steven Fish, a 45-year-old warehouse worker in eastern Kansas, said he understands the motivation behind the law. In his thinking, the state was like a store owner who fears getting robbed and installs locks. But in 2014, after the birth of his now 11-year-old son inspired him to be “a little more responsible” and follow politics, he didn’t have an acceptable copy of his birth certificate to get registered to vote in Kansas. “The locks didn’t work,” said Fish, one of nine Kansas residents who sued the state over the law. “You caught a bunch of people who didn’t do anything wrong.” Kansas' experience appeared to receive little if any attention outside the state as Republicans elsewhere pursued proof-of-citizenship requirements this year. Arizona enacted a requirement this year, applying it to voting for state and local elections but not for Congress or president. The Republican-led U.S. House passed a proof-of-citizenship requirement in the summer and plans to bring back similar legislation after the GOP won control of the Senate in November. In Ohio, the Republican secretary of state revised the form that poll workers use for voter eligibility challenges to require those not born in the U.S. to show naturalization papers to cast a regular ballot. A federal judge declined to block the practice days before the election. Also, sizable majorities of voters in Iowa, Kentucky, Missouri, Oklahoma, South Carolina and the presidential swing states of North Carolina and Wisconsin were inspired to amend their state constitutions' provisions on voting even though the changes were only symbolic. Provisions that previously declared that all U.S. citizens could vote now say that only U.S. citizens can vote — a meaningless distinction with no practical effect on who is eligible. To be clear, voters already must attest to being U.S. citizens when they register to vote and noncitizens can face fines, prison and deportation if they lie and are caught. “There is nothing unconstitutional about ensuring that only American citizens can vote in American elections,” U.S. Rep. Chip Roy, of Texas, the leading sponsor of the congressional proposal, said in an email statement to The Associated Press. After Kansas residents challenged their state's law, both a federal judge and federal appeals court concluded that it violated a law limiting states to collecting only the minimum information needed to determine whether someone is eligible to vote. That's an issue Congress could resolve. The courts ruled that with “scant” evidence of an actual problem, Kansas couldn't justify a law that kept hundreds of eligible citizens from registering for every noncitizen who was improperly registered. A federal judge concluded that the state’s evidence showed that only 39 noncitizens had registered to vote from 1999 through 2012 — an average of just three a year. In 2013, then-Kansas Secretary of State Kris Kobach, a Republican who had built a national reputation advocating tough immigration laws, described the possibility of voting by immigrants living in the U.S. illegally as a serious threat. He was elected attorney general in 2022 and still strongly backs the idea, arguing that federal court rulings in the Kansas case “almost certainly got it wrong.” Kobach also said a key issue in the legal challenge — people being unable to fix problems with their registrations within a 90-day window — has probably been solved. “The technological challenge of how quickly can you verify someone’s citizenship is getting easier,” Kobach said. “As time goes on, it will get even easier.” The U.S. Supreme Court refused to hear the Kansas case in 2020. But in August, it split 5-4 in allowing Arizona to continue enforcing its law for voting in state and local elections while a legal challenge goes forward. Seeing the possibility of a different Supreme Court decision in the future, U.S. Rep.-elect Derek Schmidt says states and Congress should pursue proof-of-citizenship requirements. Schmidt was the Kansas attorney general when his state's law was challenged. "If the same matter arose now and was litigated, the facts would be different," he said in an interview. But voting rights advocates dismiss the idea that a legal challenge would turn out differently. Mark Johnson, one of the attorneys who fought the Kansas law, said opponents now have a template for a successful court fight. “We know the people we can call," Johnson said. “We know that we’ve got the expert witnesses. We know how to try things like this.” He predicted "a flurry — a landslide — of litigation against this.” Initially, the Kansas requirement's impacts seemed to fall most heavily on politically unaffiliated and young voters. As of fall 2013, 57% of the voters blocked from registering were unaffiliated and 40% were under 30. But Fish was in his mid-30s, and six of the nine residents who sued over the Kansas law were 35 or older. Three even produced citizenship documents and still didn’t get registered, according to court documents. “There wasn’t a single one of us that was actually an illegal or had misinterpreted or misrepresented any information or had done anything wrong,” Fish said. He was supposed to produce his birth certificate when he sought to register in 2014 while renewing his Kansas driver's license at an office in a strip mall in Lawrence. A clerk wouldn't accept the copy Fish had of his birth certificate. He still doesn't know where to find the original, having been born on an Air Force base in Illinois that closed in the 1990s. Several of the people joining Fish in the lawsuit were veterans, all born in the U.S., and Fish said he was stunned that they could be prevented from registering. Liz Azore, a senior adviser to the nonpartisan Voting Rights Lab, said millions of Americans haven't traveled outside the U.S. and don't have passports that might act as proof of citizenship, or don't have ready access to their birth certificates. She and other voting rights advocates are skeptical that there are administrative fixes that will make a proof-of-citizenship law run more smoothly today than it did in Kansas a decade ago. “It’s going to cover a lot of people from all walks of life,” Avore said. “It’s going to be disenfranchising large swaths of the country.” Associated Press writer Julie Carr Smyth in Columbus, Ohio, contributed to this report.