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Author: The Canadian Press

Page: 7

TORONTO — BMO and Scotiabank both reported higher loan growth and profits in the last quarter from a year ago and said commercial and consumer demand remains strong despite growing worries about the economy. The two banks, the first to report results for the second quarter that ran until the end of April, say that […]

TORONTO — North American stock markets climbed after minutes from the last Federal Reserve meeting suggested the central bank won’t be any more hawkish in aggressively raising interest rates in the months to come. The S&P/TSX composite index closed up 97.55 points at 20,383.75. In New York, the Dow Jones industrial average was up 191.66 […]

UXBRIDGE, Ont. — Jeffery Bolingbroke and Brittany Risebrough had been in living in their new home for just two months before the roof was torn off.  The Uxbridge, Ont., couple recalled sitting on their front deck and barely making it inside for cover as their porch collapsed and trees flew through the window during a […]

VAUGHAN, Ont. — Three former CannTrust Holdings Inc. leaders accused of securities offences have had some charges dropped, the Ontario Securities Commission said Tuesday, though the fraud charges remain. The withdrawn charges against Peter Aceto, Mark Litwin and Eric Paul were linked to making false or misleading statements to the Ontario Securities Commission through CannTrust […]

TORONTO — The frequent flyer miles belonging to the Scarborough Shooting Stars must be something to behold. Players on the Canadian Elite Basketball League expansion team have had stints in Argentina, Australia, Bahrain, Belgium, France, Germany, Greece, Israel, Italy, Netherlands, Portugal, Romania, Spain, Turkey and Ukraine. There have also been some short stops in the […]

TORONTO — A running list of election promises announced by the Progressive Conservatives, NDP, Liberals and Greens in Ontario since late March: Progressive Conservatives May 21: Build 1.5 million homes over 10 years. May 20: Invest $1 billion over three years to get more people into the skilled trades. May 13: Continue to accelerate five […]

VAUGHAN, Ont. — Three former CannTrust Holdings Inc. leaders accused of securities offences have had some charges dropped, the Ontario Securities Commission said Tuesday, though the fraud charges remain. OSC spokesperson JP Vecsi says the withdrawn charges against Peter Aceto, Mark Litwin and Eric Paul were linked to making false or misleading statements to the […]

TORONTO — Prosecutors in Jacob Hoggard’s sexual assault trial suggested Wednesday that the Hedley frontman lied about his encounters with a teenage fan and a young woman, pointing to several other instances in which he lied to get out of “difficult situations.” Over more than a day of testimony, Hoggard, 37, acknowledged he lied to […]

TORONTO — BMO Financial Group said Wednesday that loan growth remained strong in the second quarter as businesses kept investing and residential mortgages were up, but that it is also ramping up its risk assessments as economic pressures including inflation grow. Central banks have been responding to rising prices by raising interest rates, leading to […]

TORONTO — The digital asset industry has seen nearly US$2 trillion in market value wiped out over the last several months — a staggering US$300 billion during the week of May 9 alone — but some crypto watchers see this moment as an opportunity for the sector to reset and evolve into the next phase.  […]