Author: The Canadian Press

OSHAWA, Ont. — Ontario Health Minister Sylvia Jones says a new hospital will be built and operational within 10 years in Whitby, Ont. The province has given Lakeridge Health $12 million in grants as it works on a masterplan for the Durham region, east of Toronto, for several health-care projects. Lakeridge plans to add 300 […]

TORONTO — Canada’s main stock index wiped out its gains from the day before in late-morning trading Thursday, declining 1.6 per cent with most major sectors down, while U.S. markets also fell. The S&P/TSX composite index was down 366.30 points at 22,744.51. In New York, the Dow Jones industrial average was down 473.45 points at […]

BCE Inc. boosted its profits despite a dip in revenue last quarter as the telecoms giant began to feel the financial effect of thousands of job cuts from earlier this year. Earnings attributable to shareholders jumped 63 per cent year-over-year to $537 million in the company’s second quarter. The higher profits resulted from lower expenses, […]

OTTAWA — The parliamentary budget officer estimates the Liberals’ increase to the capital gains inclusion rate will bring in $17.4 billion in revenue over five years. That’s two billion dollars less than the federal government projected in its spring budget. The Liberal government proposed making two-thirds rather than one-half of capital gains — the profit […]

TORONTO — Thomson Reuters says its earnings slipped in the second quarter while revenue rose and it edged up its revenue outlook. The media giant says it had earnings of US$841 million in its second quarter, down from US$894 million last year. It says earnings worked out to US$1.86 per share, down from US$1.90 per […]

TORONTO — Canada Goose Inc. saw its net loss reach $74 million in its first quarter as revenue climbed. The Toronto-based luxury apparel company says the net loss for the period ended June 30 compared with a net loss a year earlier of $85 million. Those results amounted to a net loss attributable to shareholders […]

TORONTO — BCE Inc. says its earnings rose in the second quarter as it focused on cost management in a highly competitive environment, while adjusted earnings dipped. The telecoms giant says earnings attributable to shareholders came in at $537 million, up from $329 million in the same quarter last year. Earnings worked out to 59 […]

TORONTO — A coalition of Ontario developers has written to three levels of government to ask for a reduction in taxes on new housing, saying it will pass on those savings dollar for dollar to homebuyers. The new group, called the Coalition Against New-Home Taxes, or CANT, is composed of 18 developers who collectively plan […]

OTTAWA — A witness who stormed out of a parliamentary committee meeting in tears Wednesday is demanding an apology from a Liberal MP who put a halt to a planned discussion about violence against women in favour of a debate about abortion rights. Cait Alexander was on Parliament Hill to provide testimony at a rare […]

TORONTO — TMX Group Ltd. says it earned $100 million in the second quarter of 2024, up from $97.3 million during the same quarter last year. Revenue for the company that operates the Toronto Stock Exchange totalled $367.1 million, up from $306.2 million a year ago. Diluted earnings per share were 36 cents, up from […]