Author: The Canadian Press

TORONTO — Scotiabank says it has completed the first step in its investment in KeyCorp with the acquisition of a 4.9 per cent stake in the U.S. bank. The Canadian bank says it paid US$17.17 per share or about US$800 million for the stake. Scotiabank announced earlier this month a deal to acquire a 14.9 […]

OTTAWA — The Canadian economy grew at an annualized rate of 2.1 per cent in the second quarter. More coming. The Canadian Press

OTTAWA — Universities Canada says enrolment by students from outside Canada has fallen below the cap the federal government set on international student visas this year. The immigration minister announced a cap in January as a way to quell the rapid increase in the number of international students, citing pressure on housing, health care and […]

OTTAWA — Statistics Canada is set to release its gross domestic product report for the second quarter this morning. RBC says it expects the economy grew at an annualized rate of 1.4 per cent in Q2. That’s below Statistics Canada’s preliminary estimate of two per cent. RBC says it expects the report to show the […]

TORONTO — When August rolled around, April Hicke realized the $100 she typically gives her 13-year-old son to update his wardrobe in time for school to start was no longer enough. “Even on the sale racks, a pair of sweatpants at SportChek, they’re still $25 a pair. You used to be able to go and […]

TORONTO — The Toronto Zoo says an orangutan managed to leave its outdoor habitat before it was returned without incident. The zoo says Kembali the orangutan accessed an area just outside of its habitat Thursday evening. It says staff were able to clear guests from the area quickly and the male primate was taken back […]

OTTAWA — It is already more cost effective over the long term to buy an electric vehicle than a gas-powered model, but the savings must get substantially higher if Canada is to meet its EV sales targets, the parliamentary budget office concluded in a new analysis. The PBO report published Thursday comes eight months after […]

OTTAWA — Travis Green said the Ottawa Senators need to focus on more than scoring goals this season. The Seantors’ new head coach says the young NHL team needs to approach to the upcoming campaign around building a strong team culture and identity. “Day one is not going to be about how we’re going to […]

TORONTO — Canada’s largest public school board says identifying information about some students may have been exposed in a recent cyberattack. The Toronto District School Board said in June that an unauthorized party had gained access to its technology testing environment, which is separate and used to test programs before they run on the board’s […]

MISSISSAUGA, Ont. — Peel Region police say a suspect wanted for second-degree murder in the deaths of two women may be west of Toronto. Police say they are searching for 33-year-old Joseph Ayala, of Toronto, who may be in the area of Dixie Road and Lakeshore Road in southeast Mississauga, Ont. Toronto police say Ayala […]