Author: The Canadian Press

OTTAWA — Labour Minister Steven MacKinnon has rejected a request from Canadian National Railway Co. for binding arbitration as the clock ticks down to a potential lockout of its employees. MacKinnon says he wants to make it clear that he expects CN Rail and the Teamsters Canada Rail Conference to negotiate in good faith, adding […]

TORONTO — OMERS says it earned a net investment return of 4.4 per cent for the first six months of this year, helped by the performance of its investments in public equities and strong contributions from its holdings in private credit and infrastructure. OMERS chief executive Blake Hutcheson says the fund had a good start […]

Canada Jetlines has grounded its planes and ceased operations amid a cash crunch that caused it to become the third Canadian carrier in less than a year to stop flying. The airline, which flew mainly to sun destinations out of Toronto, said Thursday it has been unable to find the capital needed to stay afloat […]

OTTAWA — The Canadian government is still calling for an investigation into Israel’s destruction nearly a month ago of a large water facility in an area of the Gaza Strip where Ottawa is known for supporting Palestinians. The office of the International Development Minister Ahmed Hussen says the incident adds to a “catastrophic” humanitarian situation. […]

TORONTO — RBC and TD Bank Group have agreed to pay tens of millions of dollars in penalties after being charged by the U.S. Securities and Exchange Commission over recordkeeping violations. RBC Capital Markets has agreed to pay US$45 million. Various TD divisions, including its recently acquired Cowen and Co., have agreed to pay a […]

OTTAWA — Canada’s housing market softened slightly in July from a month earlier as sales of existing homes dipped and new listings inched up, the Canadian Real Estate Association said. Sales were down 0.7 per cent from June when seasonally adjusted, though up 4.8 per cent from a year earlier, while new listings were up […]

Thirty-two people are facing criminal charges after a police investigation into a street gang in Toronto known as the Jamestown Crips. Toronto police say officers started investigating last September when they partnered with York Regional Police, Peel Regional Police Service and the Ontario Provincial Police to disrupt a drug and firearm trafficking network. They say […]

TORONTO — Canada’s main stock index was up more than 200 points in late-morning trading, helped by strength in the base metal, technology and energy sectors, while U.S. stock markets also surged higher. The S&P/TSX composite index was up 242.56 points at 23,002.57. In New York, the Dow Jones industrial average was up 473.89 points […]

TORONTO — The head of Canada Jetlines Ltd. and three other executives are stepping down from the company amid serious financial problems that put its future in doubt. The airline says it will need to raise more capital to continue operations. Shares of the company on the NEO Exchange have been halted pending news. The […]

OTTAWA — The Canadian Real Estate Association says home sales in July were up from a year ago, but edged back from where they were in June this year. The association says home sales in July were up 4.8 per cent compared with the same month last year. On a seasonally adjusted basis, home sales […]