News

TORONTO — Average asking rents across Canada hit an 18-month low in January, declining 4.4 per cent on an annual basis to $2,100. A monthly report by Rentals.ca and Urbanation, which analyzes listings in the former’s network, says it marks the fourth straight month of annual rent declines after 38 consecutive increases. The report says […]

TORONTO — Canada Goose Holdings Inc.’s third-quarter profit ticked higher as the company worked to make its operations “more flexible and nimbler,” but warned of headwinds materializing in China. The luxury parka maker revealed Thursday that its profit attributable to shareholders amounted to $139.7 million or $1.42 per diluted share for the quarter ended Dec. […]

TORONTO — Strength in base metal stocks helped prop up Canada’s main stock index in late-morning trading even as it saw losses in the telecommunications and technology sectors. The S&P/TSX composite index was up 5.07 points at 25,574.91. In New York, the Dow Jones industrial average was down 78.95 points at 44,794.33. The S&P 500 […]

Ontario Liberal Leader Bonnie Crombie says Progressive Conservative Leader Doug Ford is partially responsible for the behaviour of two former staffers alleged to have used their contacts in a real-estate rezoning scheme. Oakville, Ont., property owner Amanpreet Jakhar and two numbered companies have filed a $2.2-million suit against former government staffers Ryan Amato and Shiv […]

TORONTO — Thomson Reuters raised its dividend 10 per cent as it reported a fourth-quarter profit of US$587 million. The company, which keeps its books in U.S. dollars, says it will now pay a quarterly dividend of 59.5 cents US per share, up from 54 cents US. The increased payment to shareholders came as Thomson […]

TORONTO — Jordi Fernandez is stepping down as head coach of Canada’s senior men’s national basketball team, Canada Basketball announced Thursday. Hired in 2023 to replace Nick Nurse, Fernandez led the program to its first Olympic qualification in 24 years and a bronze medal at the 2023 FIBA World Cup. Canada finished fifth at the […]

TORONTO — Canada Goose Holdings Inc. reported its third-quarter profit rose compared with a year ago as its revenue edged lower. The luxury parka maker says its profit attributable to shareholders amounted to $139.7 million or $1.42 per diluted share for the quarter ended Dec. 29. The result compared with a profit of $130.6 million […]

Canadian bids for a Commonwealth Games have died by provincial government disinterest, so multiple provinces sharing reduced costs is the pitch by Olympic and Commonwealth Games artistic swimmer Claire Carver-Dias. The president of Commonwealth Sport Canada states cutting the cost of hosting by 60 per cent — from roughly a billion dollars to $350 million […]

Ontario’s main party leaders are set to make stops in Toronto and southwestern Ontario today before two of them venture north. Liberal Leader Bonnie Crombie is set to make a health-care announcement in Toronto this morning before heading to Thunder Bay later in the day, while NDP Leader Marit Stiles will be in Hamilton and […]

Here’s where the leaders of Ontario’s main political parties are on Thursday, Feb. 6: Progressive Conservative Leader Doug Ford Waterloo: Ford is set to visit two manufacturing facilities in the region and hold a media availability. — NDP Leader Marit Stiles Hamilton: Stiles is set to make a campaign stop at noon. Sault Ste. Marie: […]