News

TORONTO — Canadian bank CEOs say they see the risks around mortgage renewals easing, while they prepare for rising risks around tariffs and political uncertainty. RBC chief executive Dave McKay, speaking at a CEO conference hosted by the bank, says that while many Canadians are still struggling financially, the uncertainties around borrowers making mortgage payments […]

OTTAWA — Canada Post says it has reinstated on-time service guarantees and returned to full service levels for domestic parcels after a strike brought deliveries to a halt last year. However, it says Canadians should continue to expect delivery delays of several days beyond its service standard for transaction mail such as letters, bills and […]

OTTAWA — U.S. President Joe Biden says he is proud to call Prime Minister Justin Trudeau a friend as both men now prepare for their departures from leadership. Biden says he spoke with Trudeau on the phone Monday after the prime minister announced he would resign his post as soon as a new Liberal leader […]

TORONTO — The Ontario government says it has launched an operation intended to beef up security along the border with the United States. In a news release, Premier Doug Ford says Operation Deterrence will “crack down on illegal border crossings and illegal guns and drugs.” It comes as U.S. president-elect Donald Trump threatens to impose […]

OTTAWA — Statistics Canada says the country’s merchandise trade deficit with the world was $323 million in November. The result compared with a revised deficit of $544 million in October. The agency says exports rose 2.2 per cent to $66.1 billion in November, helped in part by higher prices. Exports of consumer goods rose 4.4 […]

VAUGHAN, Ont. — GFL Environmental Inc. has signed a deal to sell a majority interest in its environmental services business to private equity firms Apollo and BC Partners in an agreement that will see it realize $6.2 billion in cash proceeds. Under the transaction, Apollo Funds and BC Funds will each hold a 28 per […]

TORONTO — Greater Toronto home sales fell slightly last month to cap a year that saw buyers take advantage of “substantial negotiating power” on price. The Toronto Regional Real Estate Board says 3,359 homes were sold in December throughout the Greater Toronto Area, down 1.8 per cent compared with 3,419 in the same month the […]

OTTAWA — Prime Minister Justin Trudeau announced Monday he will resign as prime minister and Liberal leader once the party chooses a successor. Trudeau, who was first elected Oct. 19, 2015, steps down after nearly a decade in power. Here are the key pieces of his political legacy. Legalizing pot On Oct. 17, 2018, cannabis […]

TORONTO — RJ Barrett and the Toronto Raptors had no excuses for their dismal effort against the Milwaukee Bucks on Monday. The Bucks embarrassed the home team 128-104 before 17,829 at Scotiabank Arena, even though the Raptors had starters Barrett, Scottie Barnes, Immanuel Quickly, Jakob Poeltl and Gradey Dick on the floor together for the […]

TORONTO — Damian Lillard scored 25 points, while Giannis Antetokounmpo added 11 more with 13 assists and 12 rebounds in the Milwaukee Bucks 128-104 win against the Toronto Raptors on Monday. Lillard’s offensive output in only 26 minutes of playing time was highlighted by five three-pointers as the Bucks halted their mini two-game slide at […]