News

TORONTO — Ontario Premier Doug Ford says new legislation is coming that will target homeless encampments across the province, and he’s pledging to use the notwithstanding clause if necessary. Ford has told 12 mayors who asked him for tougher laws on encampments that the province will provide the tools to help municipalities clear encampments and […]

TORONTO — BMO Financial Group significantly missed analyst earnings expectations as the money it set aside for potential loan losses jumped. The bank on Thursday reported a fourth-quarter profit of $2.30 billion, up from last year thanks to a $1.18 billion pre-tax boost from the reversal of a legal judgment related to a Ponzi scheme […]

TORONTO — TD Bank Group reported a rise in fourth quarter profits after selling part of its Charles Schwab Corp. holdings, while its adjusted earnings dropped as it continued to grapple with the fallout from its anti-money laundering deficiencies. The bank reported a profit of $3.64 billion, up from $2.87 billion in the same quarter […]

TORONTO — Canada’s new WNBA franchise will be called the Toronto Tempo, a handle officially unveiled with some haste Thursday morning after it was leaked the previous day. The name appeared — briefly — on a team drop-down menu on the league’s official website. Team president Teresa Resch took it all in stride. “Well, nothing […]

TORONTO — TD Bank Group reported a fourth-quarter profit of $3.64 billion, up from $2.87 billion in the same quarter last year, boosted by the sale of part of its stake in the Charles Schwab Corp. The bank says its profit amounted to $1.97 per diluted share for the quarter ended Oct. 31, up from […]

TORONTO — Canada’s new WNBA franchise will be called the Toronto Tempo, a handle officially unveiled with some haste Thursday morning after it was leaked the previous day. The name appeared — briefly — on a team drop-down menu on the league’s official website. Team president Teresa Resch took it all in stride. “Well, nothing […]

TORONTO — BMO Financial Group raised its quarterly dividend as it reported a fourth-quarter profit of $2.30 billion, boosted by the reversal of a 2022 jury verdict against the bank in a lawsuit related to a Ponzi scheme in the United States. The bank says it will now pay a quarterly dividend of $1.59 per […]

TORONTO — Canada’s new WNBA franchise will be called the Toronto Tempo, a handle officially unveiled with some haste this morning after it was leaked yesterday. The name appeared — briefly — on a team drop-down menu on the WNBA’s official website. The logo shows a light-blue basketball emblazoned with a T and leaving a […]

OTTAWA — The federal government says it will spend up to $1 billion to build public computing infrastructure for the Canadian artificial intelligence sector, part of a $2 billion commitment outlined in this spring’s federal budget. A government official not authorized to speak publicly on the issue says that supercomputing infrastructure will be made available […]

TORONTO — Canadian Imperial Bank of Commerce raised its quarterly dividend as it reported a fourth-quarter profit of $1.88 billion, up from $1.49 billion in the same quarter last year. CIBC says it will now pay a quarterly dividend of 97 cents per share, up from 90 cents. The increase in the payment came as […]