News

TORONTO — The chief executive of Rogers Communications Inc. says it will likely take the better part of a year before Canada’s telecommunications sector sees a calming of the competitive intensity prompting many wireless customers to change carriers. Speaking Wednesday on the company’s second-quarter earnings call, Rogers president and CEO Tony Staffieri acknowledged his company’s […]

TORONTO — Losses in the industrial sector led Canada’s main stock index lower in late-morning trading on Wednesday, while U.S. stock markets also decreased. The S&P/TSX composite index was down 25.91 points at 22,787.84. In New York, the Dow Jones industrial average was down 385.71 points at 39,972.38. The S&P 500 index was down 91.73 […]

OTTAWA — The Bank of Canada delivered a widely expected interest rate cut today, marking the second consecutive time it has lowered its policy rate. The central bank’s quarter-percentage-point cut brings its policy rate down to 4.5 per cent. The Bank of Canada says the decision was motivated by continued progress on getting inflation down […]

TORONTO — The Ontario government has announced it will help the City of Toronto accelerate repairs to the Gardiner Expressway by at least one year by providing up to $73 million in funding. The acceleration moves up the construction timeline for the busy highway from April 2027 to at least April 2026, on the condition […]

TORONTO — Toronto police say they’re investigating a shooting that left two people dead and two others seriously injured early Wednesday morning. Police say it happened just after 2:30 a.m. in Scarborough, near the intersection of Ellesmere Road and Midland Avenue. They say there were four people with gunshot injuries. Two were pronounced dead. Two […]

TORONTO — Rogers Communications Inc. reported its second-quarter profit rose to $394 million from $109 million a year ago, in part due to lower restructuring and acquisition costs related to its purchase of Shaw Communications last year. The company says the profit amounted to 73 cents per diluted share for the quarter ended June 30, […]

TORONTO — A sentencing hearing is expected to begin today in Toronto for former fashion mogul Peter Nygard, who was found guilty of four counts of sexual assault last fall. The sentencing process has been delayed in part because Nygard’s two previous defence lawyers, Brian Greenspan and Megan Savard, asked to withdraw from the case […]

OTTAWA — The Bank of Canada is set to announce its interest rate decision this morning as economists widely expect a rate cut. Forecasters say slowing inflation and a weak economy justify a second consecutive cut by the central bank. After a historic run-up, the central bank lowered its policy rate for the first time […]

TORONTO — Indian writer Pankaj Mishra has won a prestigious Canadian award of $75,000 for an international non-fiction author. The Writers’ Trust of Canada says Mishra is the second-ever recipient of the Weston International Award. The prize goes to an author from outside of Canada who has produced an outstanding body of non-fiction work. Jurors […]

TORONTO — Designated hitter Brandon Lowe smacked a two-run homer in the fifth inning to help the Tampa Bay Rays take a series-opening 4-2 win over the Toronto Blue Jays on Tuesday. Trailing 3-0, Vladimir Guerrero Jr. and Justin Turner began the sixth inning with back-to-back homers off reliever Manuel Rodriguez. It was Guerrero’s team-leading […]