Provinces and territories will work together to trace and locate parents who are not paying court-ordered child support. Premier Stephen McNeil and B.C. Premier Christy Clark will work with justice ministers across Canada to explore ways of strengthening the maintenance enforcement system and to improve the rate of collection of payments awarded to families by the courts. “Parents have a duty to raise and support their children,” said Premier McNeil. “We all know that family breakup can be a sad reality, but the obligation to your children remains. And when the courts determine that one parent owes child support, they should be expected to pay it, regardless of where they live.” Premier McNeil asked his colleagues for their co-operation during Council of the Federation meetings which conclude today, July 17, in St. John’s, N.L. Information-sharing arrangements exist nationally, but it can still be challenging to locate someone who moves to another province or territory. Cases are more likely to be in arrears when the parent ordered to provide child support lives in a different province or territory than the parent caring for the child. Nova Scotia is also taking steps to improve the maintenance enforcement program provincially. The province’s 20-year-old program is under review, and the results and measures to improve the program will be released later this summer.
NEW YORK — Stocks marched higher for the third day in a row Thursday, erasing the big plunge they took on Monday on worries about the worsening trade fight between China and the U.S.Banks reversed course and helped lead the broad gains. Banks were benefiting from higher bond yields, which allow them to charge higher interest rates on loans. Bank of America added 1.5% and Citigroup added 1.3%. Bond yields rose following a surprising rise in new home construction in April.The steady gains mark a turnaround from Monday, when stocks took a nosedive after Beijing issued retaliatory tariffs on U.S. goods, ratcheting up tensions between the two largest economies in the world.The S&P 500 and the Nasdaq are now both at breakeven for the week following steep drop drops on Monday. The Dow Jones Industrial Average is still down slightly for the weekTechnology stocks were also big gainers. The sector, which is highly exposed to trade tensions with China, has been volatile all week. Microsoft added 2.6% and Amazon rose 2.4%.Utilities and real estate companies lagged the market, another sign that investors were becoming more comfortable holding riskier assets.KEEPING SCORE: The S&P 500 index rose 1.1% as of 10:30 a.m. The Dow Jones Industrial Average rose 207 points, or 0.8%, to 25,856 points. The Nasdaq composite rose 1.3%.GOOD CONNECTION: Cisco jumped 5.9% after the company beat Wall Street’s fiscal third quarter earnings forecasts. The maker of gear that connects computers also issued a solid forecast for the current quarter. The company said it has factored in the escalating trade war between the U.S. and China and sees “very minimal impact” ahead.WALMART WHIPS GROWTH: Walmart rose 3.5% after reporting a surge in a key sales measure and strong online sales growth. The world’s largest retailer also beat Wall Street’s profit forecasts for the first quarter. The company has been working to get more people into its stores and use its online shopping service. It recently launched next-day delivery as it faces tougher competition from other retailers and Amazon.Damian J. Troise, The Associated Press