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TORONTO — Stock markets on both sides of the border took a steep tumble Monday as the reality of a U.S.-Canada trade war took further hold, with the TSX losing almost 400 points, while the blue-chip Dow was down almost 900 points and the Nasdaq was four per cent lower. The S&P/TSX composite index was […]

WASHINGTON — Ontario placed a 25 per cent surcharge on electricity exports to the United States on Monday as Canada braced for steel and aluminum duties the Trump administration is set to deploy on Wednesday. “I feel terrible for the American people, because it’s not the American people who started this trade war,” Ontario Premier […]

OTTAWA — The Conservative candidate for a northern Ontario riding has dropped out just weeks ahead of an expected election, citing issues with the local electoral district board. Cassidy Villeneuve, who was nominated to run for the Tories in Nipissing-Timiskaming, says in a letter posted to social media that she’s been working tirelessly on the […]

TORONTO — The stock index in Toronto was down more than 400 points Monday afternoon as the reality of a U.S.-Canada trade war took further hold, with U.S. equities also tumbling — the blue-chip Dow was down more than 800 points and the Nasdaq was more than four per cent lower. The S&P/TSX composite index […]

Police say five men from the Greater Toronto Area have been charged in an investigation into commercial break-ins that saw hundreds of thousands of dollars in thefts in Guelph, Ont., and other areas. Guelph police say the investigation that began in December involves break-ins at nine convenience stores and one auto repair shop in the […]

TORONTO — The restructuring process Hudson’s Bay kicked off Friday will likely see Canada’s oldest company shrink as it works to stay alive. According to a source familiar with the matter, the department store company is looking at closing around 40 of its 80 stores, although that number could change. The person was granted anonymity […]

President Donald Trump is dismissing business concerns over the uncertainty caused by his planned tariffs on a range of American trading partners and the prospect of higher prices and isn’t ruling out the possibility of a recession this year. Also, Secretary of State Marco Rubio said Monday the Trump administration had finished its six-week purge […]

TORONTO — RBC says it has laid off some employees as part of its “growth strategy.” Canada’s largest bank says the cuts come amid changes meant to “better position RBC to take advantage of our global scale, simplify how we work and elevate the leaders and talent who will shape our client-focused growth opportunities.” It […]

TORONTO — Retail and insolvency experts expect Hudson’s Bay will close some of its stores as it restructures through creditor protection. While the department store chain dating back to 1670 hasn’t announced plans to shutter locations, Insolvency Insider newsletter editor Dina Kovacevic says it’s not unusual for retailers under creditor protection to take such a […]

TORONTO — Ontario’s surcharge of 25 per cent on electricity exported to the United States goes into effect today, and the government says it could raise that amount even higher in response to further American escalation. Premier Doug Ford has announced the price increase on the electricity the province sends to 1.5 million homes in […]