News

TORONTO — Fairfax Financial Holdings Ltd. says it earned US$1.3 billion in the fourth quarter of 2024, down from US$1.7 billion during the same quarter in 2023. The company, which keeps its books in U.S. dollars, says the profit amounted to US$50.42 per diluted share, down from US$52.87 per diluted share. Gross premiums written totalled […]

OTTAWA — Conservative Leader Pierre Poilievre’s pledge to boost Arctic security through a “massive” cut to Canada’s foreign aid budget has led to renewed attacks from his political opponents, who are accusing him of borrowing policy from U.S. President Donald Trump. But some Conservative strategists are brushing off those comparisons, saying now is not the […]

OTTAWA — President Donald Trump signed another executive order on Thursday authorizing reciprocal tariffs and his White House singled out Canada’s digital services tax as one such trade irritant. The White House sent out a document calling Canada and France’s digital taxes as “unfair” for taxing American companies. The Trudeau government’s three per cent tax […]

TORONTO — Ontario’s NDP and Liberal party leaders cried foul Thursday over a trip Progressive Conservative Leader Doug Ford took to Washington, D.C., in the middle of a snap election he called, saying he’s touting that visit for partisan purposes. NDP Leader Marit Stiles said she is planning to write to the province’s integrity commissioner […]

OTTAWA — Rival Liberal leadership candidates Mark Carney and Chrystia Freeland issued duelling policy pledges on Thursday, with one candidate vowing to speeding up home building and the other promising to bring doctors back to Canada. Carney said he plans to incentivize prefabricated and modular homes to help tackle the housing affordability crisis, since they […]

TORONTO — Cineplex Inc. says it has sold its digital rentals business to a subsidiary of CosmoBlue Media for “nominal proceeds.” The Toronto-based theatre operator has not revealed the terms of the deal that quietly closed last month and handed the Swiss media company’s Canadian arm ownership of the Cineplex Store. Cineplex spokesperson Michelle Saba […]

TORONTO — Sun Life Financial Inc.’s share price was under pressure Thursday after the insurance giant reported a big earnings miss driven by various factors including claims headwinds in its U.S. division. Shares were down more than 10 per cent in morning trading on the Toronto Stock Exchange before regaining a bit of ground to […]

TORONTO — Ontario’s NDP and Liberal party leaders cried foul Thursday over a trip Progressive Conservative Leader Doug Ford took to Washington, D.C., in the middle of a snap election he called, saying he’s touting that visit for partisan purposes. NDP Leader Marit Stiles said she is planning to write to the province’s integrity commissioner […]

OTTAWA — Canada has announced sweeping changes to a program designed to ensure First Nations kids get the care and supports they need, when they need them. The changes come almost a year after the federal government argued before the Canadian Human Rights Tribunal that requests for funding under Jordan’s Principle were including things like […]

OTTAWA — Liberal leadership candidate Mark Carney is vowing to incentivize prefabricated and modular home building to help tackle the housing affordability crisis. Carney laid out broad strokes of part of his housing plan in Vancouver. Rival candidate Chrystia Freeland meanwhile says she has a plan to woo back Canadian doctors and nurses practicing in […]