News

TORONTO — Canada’s main stock index was down more than 100 points in late-morning trading, weighed down by losses in the telecommunications and energy sectors, while U.S. stock markets also fell. The S&P/TSX composite index was down 119.63 points at 21,578.48. In New York, the Dow Jones industrial average was down 150.75 points at 38,496.35. […]

TORONTO — Red Lobster Canada will ask an Ontario court next week to recognize a stalking horse bid from its lenders and approve a sales process for its assets. Court filings made on behalf of the beleaguered seafood chain’s Canadian operations say the matter will be heard by the Superior Court of Justice on June […]

OTTAWA — Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, rose 2.4 per cent to $83.3 billion in April. The overall increase came as sales increased in five of the seven subsectors. The motor vehicle and motor vehicle parts and accessories subsector increased 10.2 per cent […]

OTTAWA — Statistics Canada says manufacturing sales rose 1.1 per cent to $70.8 billion in April, helped by gains in sales of transportation equipment, primary metals and chemical products. The increase followed a decline of 1.8 per cent in March. Statistics Canada says sales of transportation equipment rose 4.1 per cent in April as sales […]

OTTAWA — Canada’s minister of defence says the federal government is committed to supporting Ukraine. Bill Blair is meeting with members of NATO in the Belgian capital of Brussels. On X, formerly known as Twitter, Blair says that the Canadian government is donating 900 drones built in Canada to strengthen Ukraine’s defence capabilities. Additionally, Blair […]

TORONTO — Ontario awarded nearly $1 million in contracts to various companies to write a business case on moving the Ontario Science Centre to Ontario Place on Toronto’s waterfront, The Canadian Press has learned. The $925,075 in contracts, an amount disclosed through a freedom-of-information request, is a fraction of the province’s overall $215-billion budget. However, […]

The CEOs of Canada’s five biggest banks stuck to the message that they’re committed to help in the energy transition as they were questioned by a parliamentary committee Thursday about their impacts on climate change. The leaders of Royal Bank of Canada, TD Bank Group, BMO Financial Group, Scotiabank and CIBC pushed back against MPs […]

TORONTO — Comedian and actor Tom Green is angling for a return to the small screen with three new projects for Prime Video – including a reality series about his life on a farm. The shows are among seven new Canadian projects commissioned by the streamer, which also ordered two true crime series, a northern […]

This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. ___ Author: Steven Tufts, Associate Professor, Faculty of Environmental and Urban Change, York University, Canada The Ontario government has announced it’s expediting its plan to get […]

OTTAWA — Significantly more Canadians were driving zero-emissions vehicles in the first quarter compared with a year ago. Statistics Canada says zero-emission vehicle registrations jumped 53 per cent in the first quarter year-over-year. The federal agency says 46,744 new zero-emission vehicles were registered in the first quarter, making up 11.3 per cent of total new […]