News

TORONTO — The threat and uncertainty around tariffs is creating a chill on borrowing and business activity, said Scotiabank and BMO as they kicked off first quarter bank earnings Tuesday. The banks both still managed to beat analyst expectations for the quarter ending Jan. 31, thanks in part to a spike in trading revenue from […]

OTTAWA — Public Safety Minister David McGuinty is headed to Washington to discuss the latest efforts by Canada and the United States to fight deadly fentanyl. Joining McGuinty is newly appointed “fentanyl czar” Kevin Brosseau and representatives of the RCMP and Canada Border Services Agency. The Canadians are slated to meet senators and senior White […]

Toronto Mayor Olivia Chow is calling for an investigation into the city’s winter maintenance operations, as piles of snow remain on sidewalks and roads after multiple snowstorms this month. Chow says she’s “frustrated” with the response, and she’s asked city manager Paul Johnson to conduct a full review of winter maintenance contracts and consider renegotiating […]

TORONTO — Canada’s main stock index was down 150 points in late-morning trading, weighed down by losses in energy, base metal and technology stocks, while the price of oil fell below US$70 per barrel. The S&P/TSX composite index was down 150.32 points at 25,000.94. In New York, the Dow Jones industrial average was up 4.95 […]

Police in Hamilton are searching the city’s landfill as they investigate whether a woman missing since December was killed in her apartment. They say Shalini Singh was reported missing by her family on Dec. 10. Homicide investigators say she was initially reported missing alongside her boyfriend but he showed up at a family member’s house […]

TORONTO — Spin Master Corp.’s CEO says he has an eye on numerous points of “volatility” the toy maker could face this year. Max Rangel says the Toronto-based company stands to be impacted by 10 per cent tariffs U.S. President Donald Trump has levied on goods entering his country from China. He says Spin Master’s […]

TORONTO — The threat of tariffs is leading to a pullback in borrowing as businesses and consumers wait to see what comes, said Scotiabank. Kicking off first-quarter results for Canadian banks, Scotiabank moderately boosted its provisions for bad loans but has held off on a larger allocation because of the lack of clarity of what […]

TORONTO — The Canadian agriculture industry needs to expand its international exports to hold its own against U.S. tariffs and global competitors, according to a new report from RBC. Amid the looming tariff threat, the report says Canada’s agriculture and agri-food sector is vulnerable as more than 60 per cent of its exports go to […]

TORONTO — Dye & Durham Ltd. says it has received an unsolicited offer to buy the company, but that it is not in talks regarding any such deal. The software company said Tuesday it has received an unsolicited, non-binding, conditional and indicative proposal to buy the company for $20 per common share. The bid would […]

MISSISSAUGA, Ont. — Maple Leaf Foods Inc. reported a profit of $53.5 million in its fourth quarter compared with a loss of $9.3 million a year earlier. The company says the profit amounted to 43 cents per share for the quarter ended Dec. 31 compared with a loss of eight cents per share a year […]