Markets update at midmorning

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On the markets at midmorning (ET):The Toronto Stock Exchange’s S&P/TSX composite index was down 5.82 points to 15,084.33, after 90 minutes of trading.In New York, the Dow Jones industrial average was up 67.40 points to 21,820.71. The S&P 500 index was up 5.00 points to 2,462.85 and the Nasdaq composite index was down 3.70 points to 6,371.88.The Canadian dollar was trading at 81.77 cents US, up from Tuesday’s average price of 80.83 cents US.The October crude contract was up 51 cents to US$49.17 per barrel and the October natural gas contract was up four cents to US$3.01 per mmBTU.The December gold contract was up 10 cents at US$1,344.60 an ounce and the December copper contract was up one cent to US$3.14 a pound. read more

Drug mule gets 4 years jail for trafficking 960 grams of

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Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedRepublic Park resident gets 4 years jail for drug traffickingJanuary 22, 2016In “Crime”Cocaine in gas cylinder: 4 years jail each for duo found guiltyJuly 24, 2018In “Court”Four men fingered in Sheriff Street cocaine bust remandedJanuary 30, 2015In “Crime” A father of four was on Tuesday sentenced to four years in prison and fined $2.5M when he appeared at the Georgetown Magistrates’ Court to answer to a charge of having cocaine in his possession for the purpose of trafficking.Julius Watkins, a 38-year-old taxi driver pleaded guilty to the charge when it was read to him by Chief Magistrate, Ann McLennan.The court heard that between September 12 and September 15, Watkins swallowed 114 pellets laced with a total of 960 grams of cocaine, when he was attempting to board an outgoing flight to Canada. However, Customs Anti-Narcotic Unit (CANU) officers reportedly noticed him acting in a suspicious manner when he approached the scanning area. As such, the taxi driver was questioned, and taken to CANU Headquarters where he confessed to his offence and was subsequently transported to the Woodlands Hospital to excrete the illegal substance.Watkins sought to justify his actions to the Chief Magistrate by explaining that he was facing a financial crisis and was unable to send his children to school. As such, he had taken up the job to earn extra income.His sentence was made after Chief Magistrate McLennan took into consideration that he had not wasted the court’s time. read more