News

OTTAWA — Industry Minister François-Philippe Champagne plans to reveal Tuesday whether he will run in the upcoming party leadership race to replace Prime Minister Justin Trudeau. Champagne is expected to share his decision during a talk at the Canadian Club in Toronto hosted by business journalist Amanda Lang, a source close to the minister said […]

The City of Toronto is proposing to increase property taxes by 6.9 per cent this year to help fund its $18.8 billion operating budget for 2025. The proposed hike includes a tax increase of 5.4 per cent on residential properties, which would cost $210 more annually for an average home with an assessed value of […]

TORONTO — A new report says the cost of insured damage caused by severe weather last year hit a record high as it totalled more than $8 billion. According to Catastrophe Indices and Quantification Inc., the cost of insured damage totalled $8.55 billion for 2024, topping the previous record of $6.2 billion from 2016 when […]

BRANTFORD, Ont. — A group led by Edmonton Oilers forward Zach Hyman and his family have purchased the Ontario Hockey League’s Brantford Bulldogs. The league announced Monday that its board of governors has approved the sale of the Bulldogs by Ottawa Senators majority owner Michael Andlauer to a group including Hyman, his brother Spencer and […]

OTTAWA — Liberals considering launching their own bids to replace Justin Trudeau as party leader are now making public appeals for support. Seven prospective leadership candidates now have forms posted on the Liberal party website to collect the signatures they require to enter the race. Former finance minister Chrystia Freeland, former central banker Mark Carney […]

OTTAWA — The cost to send a letter in Canada is increasing by about 25 per cent, effective today. Canada Post says the cost of stamps for domestic mail bought in a booklet, coil or pane has increased by 25 cents to $1.24 per stamp. The cost of a single domestic stamp is now $1.44, […]

Toronto police say they are launching a new initiative to address a rise in criminal and violent incidents in the tow truck industry. Police say plainclothes and uniformed officers will be deployed in critical areas around Toronto to tackle shootings, arsons and other criminal acts linked to “bad actors” in the industry. They say such […]

TORONTO — The U.S. Securities and Exchange Commission says BMO has agreed to pay more than US$40 million to settle charges related to the bank’s alleged supervision failure in bond selling. The regulator says the apparent issue allowed employees in the BMO Capital Markets division to allegedly sell mortgage-backed bonds using misleading metrics. The SEC […]

OTTAWA — International Development Minister Ahmed Hussen and MP Omar Alghabra have made the first Canadian delegation visit to the border region of Turkey and Syria since the fall of the Bashar Assad regime in Syria. During the visit, Hussen announced $17.25 million in funding for humanitarian assistance including clean water and food, protection services, […]

TORONTO — Cineplex says its box office revenue for December was up from a year earlier as movies released in November including Wicked and Moana 2 gained momentum. The movie theatre company says box office revenue in December totalled $64.8 million, up from $51.8 million in December 2023. However, the total was less than then […]