Nygard gets 11 year sentence in Toronto abuse case
Ontario judge calls Peter Nygard a sexual predator and sentences him to 11 years in prison with credit for time served. He will be eligible for parole in about two years amid victims’ calls for closure and ongoing appeals from Nygard’s defense. Nygard’s four convictions spanned the 1980s to mid 2000s at his Toronto headquarters.
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Markets rally as major indexes gain on optimism and rate cut bets
Canadian and U S markets rose broadly led by financials and tech as investors priced in potential quarter point rate cuts from the Fed and ongoing BoC easing. The S P/TSX gained 245.72 points to 23027.15 while Dow, S P 500 and Nasdaq rose about 1.2 percent. Oil and metals edged higher amid cautious optimism about inflation and policy.
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