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TORONTO — BMO Financial Group cited numerous headwinds as it reported first-quarter results where revenue and earnings fell short of expectations. The bank’s net income totalled $1.29 billion, up from $133 million a year earlier, but its results in recent quarters have been clouded by everything from its Bank of the West acquisition to accounting […]

OAKVILLE, Ont. — Accomplished amateur and professional player Lisa Meldrum has been selected to the Canadian Golf Hall of Fame. The 41-year-old from Montreal will be inducted into the player category in a ceremony on May 28. She will become the Hall of Fame’s 86th member. Meldrum, a Class A member of the PGA of […]

TORONTO — Canada’s main stock index was little changed as strength in the base metal stocks weighed against losses in the financial and industrial sectors in late-morning trading. The S&P/TSX composite index was down 0.77 of a point at 21,323.54. In New York, the Dow Jones industrial average was down 148.83 points at 38,920.40. The […]

TORONTO — Scotiabank says it doesn’t see a recession ahead in any of its markets as it reported its first-quarter profit rose compared with a year ago. The bank kicked off earnings results for the big Canadian banks this week with a first-quarter net income of $2.20 billion, up from $1.76 billion a year earlier. […]

TORONTO — A new survey from credit reporting agency Equifax shows Canadians are increasingly concerned about identity and mortgage frauds. The Equifax report shows 74 per cent of people believe frauds affect their auto insurance payments, pressuring them with the financial burden of the growing crime. The company, which surveyed 1,614 Canadians aged 18 to […]

TORONTO — Cineplex Inc. has made almost $40 million from online booking fees at the heart of deceptive marketing claims the country’s competition commissioner has made against the cinema chain. An agreed statement of facts filed in the case before the Competition Tribunal shows Canada’s largest theatre owner made over $11.6 million in the six […]

Toronto police say two males are dead after a shooting in the city’s Weston neighbourhood early Tuesday morning. Police say they received numerous calls after gunshots were heard in the Hickory Tree Road and Lawrence Avenue West area just after 4:30 a.m. Two males were found with multiple gunshot wounds and they died after being […]

TORONTO — In a world of sky-high home prices and rising cost of living, many parents are inclined to financially help their adult children. But experts say parents need to lay out clear guidelines before their children tap the Bank of Mom and Dad to ensure they don’t put their own retirements on the line. […]

TORONTO — BMO Financial Group reported a first-quarter profit of $1.29 billion as its provision for credit losses rose compared with a year ago. The bank says its profit amounted to $1.73 per diluted share for the quarter ended Jan. 31, up from $133 million or 14 cents per diluted share a year earlier. Revenue […]

TORONTO — The Bank of Nova Scotia reported first-quarter net income of $2.20 billion, up from $1.76 billion a year earlier, even as the amount it put aside for bad loans rose compared with a year ago. The bank says the profit amounted to $1.68 per diluted share for the quarter ended Jan. 31, up […]