News

CHATHAM, Ont. — Almost two years after a 22-year-old woman was found dead in a southwestern Ontario house fire, police have charged a man with first-degree murder. Chatham-Kent police say the 48-year-old man was arrested in British Columbia last week after a Canada-wide warrant was issued earlier this month. Along with murder, he faces five […]

TORONTO — BMO Financial Group shares came under pressure after the bank reported results that missed expectations on higher loan-loss provisions and U.S. growth issues. The bank, which significantly expanded its U.S. presence early last year with its US$16.3-billion Bank of the West acquisition, said the results reflect a challenging environment there along with pressure […]

TORONTO — Canada’s main stock index was down nearly 300 points in a broad-based decline, while U.S. stock markets also fell in late-morning trading. The S&P/TSX composite index was down 296.17 points at 21,968.88. In New York, the Dow Jones industrial average was down 349.27 points at 38,503.59. The S&P 500 index was down 30.62 […]

OTTAWA — Canada Mortgage and Housing Corp. says the country’s total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4 per cent year-over-year and representing the slowest growth in 23 years. The federal housing agency says in a new report that higher mortgage costs and uncertainty around the Bank of Canada […]

OTTAWA — Prime Minister Justin Trudeau is set to attend the G7 leaders’ summit next month in Italy, followed by the Ukraine peace summit in Switzerland. In a news release today, the Prime Minister’s Office says Trudeau’s focus at the G7 summit will be on highlighting the importance of democracy, promoting fair economic growth and […]

TORONTO — BMO Financial Group raised its dividend as it reported a profit of $1.87 billion in its latest quarter, up from $1.03 billion a year earlier. The bank says it will now pay a quarterly dividend of $1.55 per share, up four cents from $1.51 per share. The increased payment to shareholders came as […]

A group of Canadian and American experts is urging emergency room doctors to prescribe specific medications to help curb cravings and alleviate withdrawal from heavy use of alcohol, which leads to more hospitalizations than any other substance. Guidelines on prescribing by the Society for Academic Emergency Medicine include input from ER physicians, specialists in addiction […]

TORONTO — Losses in industrial, utility and financial stocks weighed on the Toronto stock market as Canada’s main stock index fell more than 100 points Tuesday, while U.S. stock markets were mixed. The S&P/TSX composite index closed down 108.33 points at 22,265.05. In New York, the Dow Jones industrial average was down 216.73 points at […]

TORONTO — World champion Justina Di Stasio and veteran Amar Dhesi will lead Canada’s wrestling team into the Olympic Games in Paris. Ana Godinez Gonzalez of Burnaby, B.C., Montreal’s Alex Moore, Linda Morais of Tecumseh, Ont., and Hannah Taylor of Summerside, P.E.I. join Dhesi of Surrey, B.C., and Di Stasio of Coquitlam, B.C., on the […]

TORONTO — An Ontario judge issued an order Tuesday that recognizes and enforces Red Lobster’s U.S. bankruptcy protection proceedings in Canada. The order from judge Michael Penny was requested by lawyers for the beleaguered seafood restaurant chain’s Canadian business, who told a virtual court their client is working to steady its operations. “Everything we are […]