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TORONTO — Smith Financial Corp. is merging a pair of its portfolio companies, Fairstone Bank of Canada and Home Trust Co., in a move they say will create the leading alternative lender in Canada. Smith financial founder and CEO Stephen Smith says the combination is characterized by a strong cultural fit and complementary strengths. Fairstone […]

TORONTO — It’s budget day in Ontario, and the finance minister is set to present his plan to bolster the economy ahead of an expected slowdown, while also trying to ease the rising cost of living. Finance Minister Peter Bethlenfalvy says his budget takes a “prudent and responsible” approach to the province’s finances, and will […]

TORONTO — The Toronto Raptors season took another turn for the worse as backup centre Jontay Porter became the subject of a gambling investigation.  Raptors head coach Darko Rajakovic confirmed late Monday that Porter is the subject of an NBA investigation into irregularities on prop betting involving him. Rajakovic said the allegations “caught him off […]

TORONTO (AP) — Dennis Schroder scored 19 points against his former team, Trendon Watford had 11 of his season-high 19 points in the second quarter and the Brooklyn Nets snapped a six-game losing streak by beating the short-handed Toronto Raptors 96-88 on Monday night. Mikal Bridges scored 13 points and Jalen Wilson added 12 as […]

TORONTO — Dennis Schroder had 19 points, seven assists and five rebounds to lead the Brooklyn Nets past Toronto 96-88 on Monday as the Raptors found themselves mired in a gambling investigation. It was Schroder’s first game back in Toronto after being traded to the Nets ahead of the NBA trade deadline on Feb. 8. […]

TORONTO — The Toronto Raptors have offered no comment on media reports that backup centre Jontay Porter is part of an investigation for gambling. ESPN was the first to report that Porter is subject of an NBA investigation into irregularities on prop betting involving him. Porter has been on Toronto’s inactive list since Saturday for […]

MISSISSAUGA, Ont. — Police say they are investigating after a body was found on the Lake Ontario shoreline west of Toronto.  Peel regional police say a person who lives along the Mississauga, Ont., lakefront called for help after spotting a body. Speaking to reporters at the scene, police spokesman Const. Richard Chin says officers located […]

TORONTO — Energy and mining stocks got a boost from rising commodity prices Monday but Canada’s main stock index closed down overall to kick off a short trading week. The S&P/TSX composite index was down 41.80 points at 21,942.28. In New York, the Dow Jones industrial average was down 162.26 points at 39,313.64. The S&P […]

Ontario’s finance minister is set to present his budget Tuesday amid pressures to ease the rising cost of living, spur new home construction and plan for larger public sector salaries, all while eyeing an expected weaker economy on the horizon. Premier Doug Ford has said the fiscal plan will be “balanced, per se,” not necessarily […]

TORONTO — The Toronto Raptors have signed guard Kobi Simmons to a 10-day contract. The six-foot-five, 180-pound Simmons has averaged 15.9 points, 4.9 assists, 4.1 rebounds and 31.6 minutes per game in 23 regular-season stints with Raptors 905 in the NBA G League. Simmons is just the latest addition to a depleted Toronto squad. The […]