York Region

TORONTO — Canada’s main stock index differentiated itself from sliding U.S. markets Thursday, gaining more than 150 points on the back of better-than-expected quarterly results from Royal Bank and CIBC. The S&P/TSX composite index was up 173.73 points at 22,071.71. In New York, the Dow Jones industrial average was down 330.06 points at 38,111.48. The […]

TORONTO — CIBC and Royal Bank wrapped a round of second-quarter bank earnings on Thursday that showed rising but manageable consumer strain. In what was the last quarter before the Bank of Canada is widely expected to start cutting interest rates, all banks showed they set aside more money for potentially bad loans from last […]

HAMILTON — Americans Sam Burns and Sean O’Hair are the clubhouse leaders in the first round of the RBC Canadian Open. They are three shots ahead of the pack after 7-under 63 rounds. Two-time champion Rory McIlroy of Northern Ireland is in a group tied for fourth at 4-under par. McIlroy played with Canadians Nick […]

TORONTO — Brookfield is in talks to acquire a majority stake in French renewable power developer Neoen, with plans to buy the remaining interest in the company, if it is successful in reaching a deal. The plan led by the Brookfield Global Transition Fund values Neoen, which has renewable power projects in operation and under […]

TORONTO — Royal Bank of Canada says it’s rewarding shareholders as its second-quarter profit rose from last year and it successfully closed its HSBC Canada acquisition. The bank said Thursday it will now pay a quarterly dividend of $1.42 per share, an increase of four cents. It also said it plans to buy back up […]

TORONTO — One of eight teen girls charged in the death of a homeless man in downtown Toronto has pleaded guilty to manslaughter. Three 13-year-olds, three 14-year-olds and two 16-year-olds were initially charged with second-degree murder in the death of Kenneth Lee, a 59-year-old man police say was living in the city’s shelter system. Lee […]

TORONTO — Ontario Premier Doug Ford has suggested immigrants are to blame for the shooting of an empty Jewish school in Toronto over the weekend, despite police saying they have little information on the suspects. Toronto police have said two suspects fired shots shortly before 5 a.m. last Saturday at Bais Chaya Mushka Elementary School […]

TORONTO — Canada’s main stock index was up more than 150 points in late-morning trading after better-than-expected quarterly results at Royal Bank and CIBC helped boost shares in the two big banks, while U.S. stock markets fell. The S&P/TSX composite index was up 177.81 points at 22,075.79. In New York, the Dow Jones industrial average […]

TORONTO — CIBC’s second-quarter results showed profits up from last year as the bank’s share of bad loans benefited from efforts to cut exposure to the U.S. office segment. The bank reported Thursday it had a profit of $1.75 billion, or $1.79 per diluted share for the quarter ending April 30, up from $1.69 billion […]

OTTAWA — The Supreme Court of Canada will not hear an appeal from victims’ families who are trying to enforce a $107-million judgment against Iran over its downing of a passenger jet. Ukraine International Airlines Flight PS752 was shot down by Iranian officials shortly after takeoff from Tehran in 2020. Most of the passengers were […]