News

TORONTO — Shares of Royal Bank of Canada and National Bank hit all-time highs on Wednesday as the two banks reported earnings that topped expectations. Both banks reported notable revenue growth despite the economic headwinds that helped push profits higher, while RBC also reported much lower-than-expected loan loss provisions. RBC reported a third-quarter profit of […]

OTTAWA — The chair of Canada Post’s board says the organization’s financial situation is unsustainable. André Hudon says Canada Post is at a “critical juncture” and significant change is urgently needed to preserve its delivery network. Hudon said the surge in online shopping during the COVID-19 pandemic reshaped the parcel delivery market, and Canada Post […]

TORONTO — Saskatchewan Roughriders quarterback Trevor Harris and cornerback Tyrell Ford of the Winnipeg Blue Bombers were named the top offensive and defensive players Wednesday in the CFL’s monthly honour roll. Harris earned a grade of 90.9 in two of Saskatchewan’s four games in August. He completed 49-of-68 passes (72.1 per cent) for 545 yards […]

Certain solar farms will be banned on prime agricultural land in Ontario as the province expands energy production to meet demand in the coming decades, Energy Minister Stephen Lecce said Wednesday. Ontario is looking to add some 5,000 megawatts of energy to the grid, with Lecce directing the Independent Electricity System Operator to secure “technology […]

TORONTO — Canada’s main stock index fell in late-morning trading, weighed down by losses in the base metal and technology sectors, while U.S. stock markets also moved lower. The S&P/TSX composite index was down 78.33 points at 23,181.63. In New York, the Dow Jones industrial average was down 23.29 points at 41,227.21. The S&P 500 […]

OTTAWA — A Federal Court of Appeal judge has acquitted Canadian Pacific Kansas City Ltd. of contempt of court related to excessively long hours worked by employees. The ruling from Justice Donald Rennie sets aside a lower court decision, stating it is “impossible to rationalize a finding of contempt with the facts” given CPKC took […]

OTTAWA — Shopify Inc. has named a new chief technology officer, filling a role that has been empty since January 2023. The Ottawa-based e-commerce software firm says Mikhail Parakhin will take on the job. Parakhin’s LinkedIn profile says he was previously CEO of Microsoft’s advertising and web services and was chief technology officer at Yandex, […]

TORONTO — Royal Bank of Canada reported a jump in earnings in the third quarter that handily beat analyst expectations as it had only a modest increase in money set aside for potentially bad loans while revenue rose. The bank reported a third-quarter profit of $4.49 billion, up from $3.86 billion a year earlier. RBC […]

OTTAWA — A man facing terror charges for allegedly plotting an attack in Toronto along with his son came to Canada in 2018 and became a citizen just months before his arrest. Public Safety Minister Dominic LeBlanc provided a House of Commons committee with a detailed timeline of the pair’s immigration file today. Ahmed Fouad […]

TORONTO — A woman is dead and a man has been taken to hospital with life-threatening injuries after a fire that broke out at a home in Toronto just after midnight. Police say officers responded to reports of a house on fire in the area of College Street and Dovercourt Road at 12:06 a.m. Wednesday. […]