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The federal environment minister is warning that Ottawa will not provide disaster compensation where a province deliberately allows housing to be built in areas prone to flooding.  Steven Guilbeault’s comments come after the Ontario government announced plans last month to open up the protected Greenbelt to development.  The Progressive Conservative government has proposed removing land […]

TORONTO — CIBC says a New York court has issued a liability ruling against the Canadian bank in a lawsuit brought by Cerberus Capital Management LP. Cerberus filed the lawsuit in November 2015. The case related to an October 2008 transaction in which CIBC issued a limited recourse note to Cerberus specifying certain payment streams, […]

TORONTO — New research indicates refugee children and youth aged under 17 do not place substantial demands on the health care system in Ontario compared with their Canadian-born peers. A study led by SickKids hospital in Toronto and non-profit research institute ICES compares 23,287 resettled refugees to 93,148 matched Ontario-born children and youth from 2008 […]

TORONTO — Hollywood loves a comeback story. But filmmaker Lindsay MacKay is among the rare few who can say that they came back from death. MacKay says her brush with mortality gave her an unparalleled perspective in bringing “The Swearing Jar” to the screen. The Ontario-shot musical romance, which opens in select theatres Friday and […]

WINDSOR, Ont. — Colton Smith scored twice as the Windsor Spitfires downed the Oshawa Generals 7-2 on Thursday. Liam Greentree also had two goals for Windsor while Jacob Maillet, AJ Spellacy and Alex Christopoulos added singles.  Thomas Stewart and Brett Harrison had the Oshawa goals. — ATTACK 5 COLTS 2 BARRIE – Cedrick Guindon scored […]

TORONTO — Canadian golfing great Mike Weir closed the Toronto Stock Exchange on Thursday evening. Weir, from Brights Grove, Ont., pressed the button that formally stops trading for the day as gold confetti fell in the downtown building. The 52-year-old Weir is the winningest men’s golfer in Canadian history with eight victories on the PGA […]

TORONTO — Canada’s main stock index closed up around 70 points Thursday, with mixed results across sectors, while U.S. markets largely held on to the outsized gains they made the day before.  The S&P/TSX composite index was up 72.19 points at 20,525.45. In New York, the Dow Jones industrial average was down 194.76 points at […]

TORONTO — Vladimir Guerrero Jr., was named Blue Jays player of the year on Thursday in voting by the Toronto chapter of the Baseball Writers’ Association of America. The all-star first baseman had a .274 batting average, smashed 32 home runs, and won a Gold Glove for his fielding. Alek Manoah was named pitcher of […]

TORONTO — Ontario’s premier says the province’s auditor general should “stay in her lane” after she hired undercover operatives to test money laundering protections at casinos. Auditor General Bonnie Lysyk said she hired mystery shoppers who were able to obtain casino cheques in a way that confirmed they could launder money. But she also said […]

TORONTO — From boosting cash on hand to cutting staff, Canadian banks are taking a variety of strategies to prepare for a widely expected economic slowdown in the year ahead. Banks outlined some of their approaches in their fourth quarter results this week, which saw executives strike notes of caution because of the variety of […]