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Rio Tinto Group announced that a number of employees heading to its Diavik diamond mine were killed in a plane crash near Fort Smith, N.V.
The miners said in a statement today that they are working closely with authorities to determine exactly what happened. The company did not disclose the number of deaths.
The British Aerospace Jetstream jet crashed about 740 kilometers south of Yellowknife, near the Alberta border, according to the National Transportation Safety Board.
The plane took off from the Fort Smith airport, lost contact and crashed near the banks of the frigid Slave River.
There was no immediate word on how many people were on the plane, but the airline's website says this type of plane can carry 19 passengers.
Rio operated Diavik, Canada's largest diamond mine, since it began production in 2003 until taking full control of the asset in 2021.
— Bloomberg, Canadian Press
Stock market before the opening bell
Stock prices are rising this morning as investors feel good about a number of positive results.
Netflix rose 10% in premarket trading, becoming the latest company to report better-than-expected profits. Tesla and International Business Machines are expected to report later today.
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China's plan to stimulate the economy by lowering bank reserve requirements further boosted sentiment. European commodity stocks rose, with the Hang Seng index up 3.6%.
“Right now we're kind of in a sweet spot in terms of stocks,” François Limoux, a strategist at La Française Asset Management in Paris, told Bloomberg. He said: “The US economic news flow is good and European growth is flat, but this is not a drama and no one believes inflationary pressures will return.”
— Bloomberg
what will you see today
The Bank of Canada will announce its first interest rate decision of the year, releasing its Monetary Policy Report at 9:45 a.m. ET today, 15 minutes earlier than usual. Policymakers are expected to keep rates unchanged at 5%, but analysts are watching for clues about when the central bank will start cutting rates.Click here for details
In the United States, earnings season continues for major companies such as Tesla, AT&T, and IBM. Co-op announced its financial results today.
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Additional reporting from The Canadian Press, Associated Press and Bloomberg
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