York Region

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 […]

TORONTO — BMO says it has restored its online banking services for customers after a technical problem overnight. The bank says it experienced a service disruption due to a false fire alarm at one of its data centres. It says its services have returned online, although it added some customers may experience delays in transactions […]

OTTAWA — Prime Minister Justin Trudeau is announcing the opening of a major vaccine production plant in Toronto today — part of Canada’s efforts to build up the domestic biomanufacturing sector in the aftermath of the COVID-19 pandemic. The new Sanofi facility is the largest in Canada and is expected to significantly increase Canada’s domestic […]

TORONTO — Ontario students will soon be required to pass a financial literacy test as part of a number of changes coming to the requirements needed to earn a high school diploma. Education Minister Stephen Lecce says students will learn home economics such as managing a household budget and how to protect themselves against financial […]

TORONTO — BMO says it is working to restore online banking services for customers after a technical problem overnight. The bank says it was experiencing a service disruption due to a false fire alarm at one of its data centres. It says customers can get updates and continue to access their accounts through the bank’s […]

TORONTO — Royal Bank of Canada raised its dividend as it reported its second-quarter profit rose compared with a year ago, helped by record earnings in its capital markets business. The bank says it will now pay a quarterly dividend of $1.42 per share, an increase of four cents. It also says it plans to […]

TORONTO — CIBC reported a second-quarter profit of $1.75 billion, up from $1.69 billion in the same quarter last year. The bank says the profit amounted to $1.79 per diluted share for the quarter ended April 30, up from $1.76 per diluted share in the same quarter a year earlier. Revenue totalled $6.16 billion in […]

TORONTO — A new study finds fewer Canadians say they’re interested in buying an electric vehicle as concerns remain about limited driving ranges, high prices and a lack of charging stations. The J.D. Power survey shows 11 per cent of respondents said they were “very likely” to buy an EV as their next car, down […]