Author: The Canadian Press

TORONTO — Canada’s financial intelligence agency says it has levied a $9.2-million penalty against The Toronto-Dominion Bank for non-compliance with money laundering and terrorist financing measures as the bank also faces compliance investigations in the U.S.  The penalty by the Financial Transactions and Reports Analysis Centre of Canada follows on a $7.5-million fine against RBC […]

TORONTO — A group of students at the University of Toronto say they have started a protest on campus to call on the university to cut its ties with Israel over the ongoing war in Gaza.  The students say in a news release that they breached a newly-installed fence around an area on campus known […]

TORONTO — A judo athlete who trains in Toronto has been named to the Olympic refugee team for the Paris Games. Nigara Shaheen was among 36 athletes from 11 different countries introduced by the International Olympic Committee on Thursday. The IOC first entered a refugee team in the 2016 Olympic Games in Rio to represent […]

TORONTO — A new report lays out how an innovative funding model for community groups could be scaled up. The report by Tapestry Community Capital looks at the growing use of community bonds, which not-for-profits are using to raise money for everything from solar projects to social housing.  Community bonds pay out interest, and eventually […]

TORONTO — Cadence Weapon says the release of his tech-skeptical rap album couldn’t be timed any better thanks to Drake’s latest diss battle. The Edmonton-raised rapper, born Rollie Pemberton, dropped “Rollercoaster” the same day Toronto’s hip-hop superstar surprised the internet with “Taylor Made Freestyle” late last month. Drake’s lyrical grenade was lobbed at rap contemporary […]

MISSISSAUGA, Ont. — Maple Leaf Foods Inc. reported a profit in its latest quarter compared with a loss a year ago as its sales edged lower. The company says its profit amounted to $51.6 million or 42 cents per share for the quarter ended March 31 compared with a loss of $57.7 million or 48 […]

TORONTO — Traditional wealth management firms are at an increasing risk of losing younger clients, particularly as new rules to make investment fees more transparent loom, a new survey shows. An investor satisfaction study by J.D. Power finds 25 per cent of generation Z respondents and 22 per cent of millennials would consider switching wealth […]

It’s byelection day in two Ontario ridings and one of the races appears to be quite competitive. Polls and observers suggest the Progressive Conservatives and Liberals are neck and neck in Milton, just west of Mississauga, while the Tories are largely expected to hold onto the southwest Ontario riding of Lambton-Kent-Middlesex. Milton has been vacant […]

NORTH BAY, Ont. — Sandis Vilmanis’s second goal of the game, scored at 6:02 of overtime, lifted the North Bay Battalion to a 5-4 victory over the visiting Oshawa Generals in the Ontario Hockey League’s Eastern Conference final series on Wednesday. The win prevented a series sweep by the Generals, who still lead the best-of-seven […]

TORONTO — Natalie Spooner scored twice in leading Toronto to clinching first place in the Professional Women’s Hockey League with a 4-1 win over Minnesota on Wednesday. Toronto (12-4-0-7) moved ahead of Montreal (10-3-5-5) in the standings with 44 points, while holding the tiebreaker in case of a tie by regular season’s end. Both teams […]