Author: The Canadian Press

TORONTO — Ontario will spend $35 million to help the Shaw Festival rebuild the Royal George Theatre. Tourism Minister Stan Cho says the funding will be used to build a larger, more modern theatre as the province looks to beef up the economy in Niagara-on-the-Lake and the surrounding region. The province says the theatre’s construction […]

TORONTO — CIBC Global Asset Management says it has entered into a strategic relationship with Indigenous-owned and led asset management firm Longhouse Capital Partners Inc. The bank says the relationship will give its institutional clients opportunities to expand access to private markets through investments in Indigenous-managed alternative investment options such as private infrastructure debt. It […]

TORONTO — Ontario minimum wage earners will be making $17.60 an hour, starting Oct. 1. The provincial government announced today the amount of the annual increase to the minimum wage, which is tied to inflation. Ontario’s minimum wage is currently at $17.20, and the increase is based on the Ontario Consumer Price Index of 2.4 […]

TORONTO — Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in the technology, base metal and utility sectors, while U.S. markets also climbed higher. The S&P/TSX composite index was up 146.90 points at 25,064.40. In New York, the Dow Jones industrial average was up 81.46 points at […]

TORONTO — Rogers’ new reported deal with the National Hockey League to retain television rights allowed it to maintain its hold on the Canadian market for another 12 years beginning in 2026. Brock University sport management associate professor Michael Naraine says the deal reflects Rogers’ strategy to shape the future of NHL broadcasting in Canada. […]

TORONTO — A new report says more than three-quarters of Canadian startups say tariffs will impact their business. The survey of MaRS and Communitech ventures says 38 per cent expect a direct impact as a result of the tariffs, while 38 per cent say they expect indirect effects. U.S. President Donald Trump is set to […]

OTTAWA — The prospect of another wave of U.S. tariffs this week loomed over the federal election Tuesday as another busy day of campaigning got underway. On Wednesday, U.S. President Donald Trump is expected to slap “reciprocal tariffs” on multiple countries — including Canada — in response to various alleged trade practices. Liberal Leader Mark […]

Condos can be fixer-uppers too. Home inspections can warn prospective buyers of upcoming critical costs — such as a new roof or a leaking basement — but buyers in the condo market might not have the same clarity. First of all, they have to parse through the current finances and legal position of the condo […]

TORONTO — Canaccord Genuity Group Inc. has signed a deal to sell its U.S. wholesale market making business to Cantor as part of a plan to sharpen the focus of its U.S. capital markets operations. Financial terms of the deal were not immediately available. Canaccord Genuity says the U.S. wholesale market making business operated adjacent […]

BRAMPTON, Ont. — MDA Space Ltd. has signed a deal to buy Israeli company SatixFy Communications Ltd., a maker of chips for satellite communication systems. Under the deal, MDA Space will pay US$2.10 per share in cash and plans to retire SatixFy’s existing debt of about US$76 million immediately upon closing, for a total cash […]