News

OTTAWA — Economists say the Bank of Canada is still on track to cut interest rates next week, despite economic growth coming in stronger than expected in the second quarter. Statistics Canada’s gross domestic product report on Friday said the economy grew at an annualized rate of 2.1 per cent in the second quarter — […]

TORONTO — Canada’s main stock index was down in late-morning trading, weighed down by losses in energy stocks, while U.S. stock markets were mixed. The S&P/TSX composite index was down 36.08 points at 23,191.41. In New York, the Dow Jones industrial average was down 56.72 points at 41,278.33. The S&P 500 index was up 9.71 […]

BRAMPTON, Ont. — Peel Regional Police say their homicide bureau is investigating after a man died of a gunshot wound in Brampton, Ont., early Friday morning. Police say they responded to a report of a suspicious vehicle just before 1 a.m. When officers and paramedics arrived, they found a man inside the vehicle who had […]

OTTAWA — The Finance Department says the federal deficit was $2.9 billion over the first three months of the fiscal year. The result compared with a $3.6-billion surplus for the same period a year earlier Program expenses excluding net actuarial losses for the April-to-June period totalled $107.5 billion, up from $93.8 billion for the same […]

TORONTO — Scotiabank says it has completed the first step in its investment in KeyCorp with the acquisition of a 4.9 per cent stake in the U.S. bank. The Canadian bank says it paid US$17.17 per share or about US$800 million for the stake. Scotiabank announced earlier this month a deal to acquire a 14.9 […]

OTTAWA — The Canadian economy grew at an annualized rate of 2.1 per cent in the second quarter. More coming. The Canadian Press

OTTAWA — Universities Canada says enrolment by students from outside Canada has fallen below the cap the federal government set on international student visas this year. The immigration minister announced a cap in January as a way to quell the rapid increase in the number of international students, citing pressure on housing, health care and […]

OTTAWA — Statistics Canada is set to release its gross domestic product report for the second quarter this morning. RBC says it expects the economy grew at an annualized rate of 1.4 per cent in Q2. That’s below Statistics Canada’s preliminary estimate of two per cent. RBC says it expects the report to show the […]

TORONTO — When August rolled around, April Hicke realized the $100 she typically gives her 13-year-old son to update his wardrobe in time for school to start was no longer enough. “Even on the sale racks, a pair of sweatpants at SportChek, they’re still $25 a pair. You used to be able to go and […]

TORONTO — The Toronto Zoo says an orangutan managed to leave its outdoor habitat before it was returned without incident. The zoo says Kembali the orangutan accessed an area just outside of its habitat Thursday evening. It says staff were able to clear guests from the area quickly and the male primate was taken back […]