News

TORONTO — Scotiabank has signed a deal to buy a minority stake in U.S. bank KeyCorp as it works to focus on the North American market. The Canadian bank said Monday it will pay a total of about US$2.8 billion for a 14.9 per cent stake in the company in two stages. The deal significantly […]

TORONTO — The Toronto Zoo says one of its moose has been euthanized after its health deteriorated over several months. The zoo says the moose, named Trilly, died last week at the age of 11, which it says is beyond the life expectancy of moose in human care. The organization says Trilly was “quite thin” […]

OTTAWA — The recently appointed chief commissioner of the Canadian Human Rights Commission says he has agreed to resign today after an investigation into comments he made in the past related to Israel. The justice minister launched an investigation after Canadian Jewish organizations raised concerns about Birju Dattani’s past activities. Dattani has previously denied allegations […]

NAPANEE, Ont. — Goodyear Canada is planning to spend more than $575 million to expand and modernize an eastern Ontario plant to produce electric vehicle and all-terrain tires and make its processes more energy efficient. Prime Minister Justin Trudeau and Premier Doug Ford were on hand for an announcement Monday at the factory in Napanee, […]

TORONTO — Tapestry Community Capital says housing groups across Canada are aiming to raise $110 million through community bonds to secure affordable living options. It says at least 11 charitable, non-profit, and co-operative housing providers will be using the funding model to create or preserve more than 3,000 housing units. Community bonds pay out interest […]

TORONTO — The former chief financial officer for Royal Bank of Canada is suing the bank for almost $50 million over claims of wrongful dismissal. RBC announced on April 5 it had fired Nadine Ahn after an internal review found evidence she was in an “undisclosed close personal relationship” with another employee who received preferential […]

TORONTO — Canada’s main stock index was up in late-morning trading, helped by strength in the energy sector as the price of oil also climbed higher. The S&P/TSX composite index was up 76.22 points at 22,387.52. In New York, the Dow Jones industrial average was down 141.13 points at 39,356.41. The S&P 500 index was […]

TORONTO — Barrick Gold Corp. reported its second-quarter profit rose compared with a year ago, helped by higher gold and copper prices. The miner, which keeps its books in U.S. dollars, says it earned US$370 million or 21 cents US per diluted share for the quarter ended June 30, up from US$305 million or 17 […]

TORONTO — Scotiabank has signed a deal to buy a minority stake in U.S. bank KeyCorp. The Canadian bank will pay a total of about US$2.8 billion for a 14.9 per cent take in the company in two stages. Under the agreement, Scotiabank will acquire its stake through the issuance of a total of 163 […]

TORONTO — Amanda Anisimova took a seat as the unpredictable wind continued to swirl around Sobeys Stadium. Having dominated the first set and on her heels in the second, the 22-year-old ascending the WTA Tour rankings following an eight-month break to work on her mental health had finally been granted a medical timeout to deal […]