Author: The Canadian Press

OTTAWA — The Bank of Canada lowered its key interest rate by half a percentage point, bringing it to 3.25 per cent. More coming. The Canadian Press

TORONTO — Clothing retailer Roots Corp. reported a third-quarter profit of $2.4 million, up from a profit of $519,000 in the same quarter last year. The company says the result amounted to six cents per diluted share for the quarter ended Nov. 2, compared with a penny per diluted share a year earlier. Sales for […]

TORONTO — Ontario long-term care homes could soon have nurse practitioners overseeing residents’ medical care instead of physicians, a move applauded by nurses and the homes but not supported by doctors. The plan to replace the requirement for homes to have a medical director, who must be a physician, with a requirement for a clinical […]

OTTAWA — The Bank of Canada is set to make its final interest rate announcement of the year this morning. Forecasters are widely expecting a half-percentage point interest rate cut. That would bring the Bank of Canada’s key rate down to 3.25 per cent. The November labour force survey solidified those expectations, as the latest […]

TORONTO — The Toronto Blues have acquired all-star second baseman Andres Gimenez and right-handed pitcher Nick Sandlin in a Tuesday deal with the Cleveland Guardians. The Jays are sending infielder Spencer Horwitz and outfielder Nick Mitchell to Cleveland. The 26-year-old Gimenez played 152 games with the Guardians in 2024, hitting .252 with 22 doubles, a […]

TORONTO — The Toronto Raptors will have to recreate Scottie Barnes in the aggregate. Barnes was wearing an air cast boot and walking with a cane at Raptors practice on Tuesday morning at Scotiabank Arena. A team spokesperson said the boot is just to protect his sprained right ankle, an injury suffered in the third […]

TORONTO — Canada’s main stock index lost more than 100 points Tuesday ahead of an expected interest rate cut Wednesday, while U.S. markets were also down. The S&P/TSX composite index closed down 121.09 points at 25,504.33. In New York, the Dow Jones industrial average was down 154.10 points at 44,247.83. The S&P 500 index was […]

The Canadian winner of this year’s Nobel Prize in physics is pouring hundreds of thousands of dollars from his winnings into a small Ontario-based organization. Geoffrey Hinton, a so-called godfather of artificial intelligence, is not boosting the latest tech startup or funding an initiative to counter the dangers of AI that he so often warns […]

TORONTO — A First Nation police force in northern Ontario will become an essential service as it opts into provincial legislation governing police boards. Nishnawbe Aski Nation Grand Chief Alvin Fiddler says the agreement signed by Nishnawbe Aski Police Service Board will allow the force to have the same standards as every other force across […]

TORONTO — When Geoffrey Hinton strode across the Stockholm Concert Hall stage Tuesday to receive his Nobel Prize for physics from King Carl XVI Gustaf of Sweden, he was beaming. It has taken decades for many beyond the science community to realize the British Canadian computer scientist’s life’s work was so significant it eventually formed […]