York Region

OTTAWA — Canada Mortgage and Housing Corp. says the country’s total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4 per cent year-over-year and representing the slowest growth in 23 years. The federal housing agency says in a new report that higher mortgage costs and uncertainty around the Bank of Canada […]

OTTAWA — Prime Minister Justin Trudeau is set to attend the G7 leaders’ summit next month in Italy, followed by the Ukraine peace summit in Switzerland. In a news release today, the Prime Minister’s Office says Trudeau’s focus at the G7 summit will be on highlighting the importance of democracy, promoting fair economic growth and […]

TORONTO — BMO Financial Group raised its dividend as it reported a profit of $1.87 billion in its latest quarter, up from $1.03 billion a year earlier. The bank says it will now pay a quarterly dividend of $1.55 per share, up four cents from $1.51 per share. The increased payment to shareholders came as […]

A group of Canadian and American experts is urging emergency room doctors to prescribe specific medications to help curb cravings and alleviate withdrawal from heavy use of alcohol, which leads to more hospitalizations than any other substance. Guidelines on prescribing by the Society for Academic Emergency Medicine include input from ER physicians, specialists in addiction […]

TORONTO — Losses in industrial, utility and financial stocks weighed on the Toronto stock market as Canada’s main stock index fell more than 100 points Tuesday, while U.S. stock markets were mixed. The S&P/TSX composite index closed down 108.33 points at 22,265.05. In New York, the Dow Jones industrial average was down 216.73 points at […]

TORONTO — World champion Justina Di Stasio and veteran Amar Dhesi will lead Canada’s wrestling team into the Olympic Games in Paris. Ana Godinez Gonzalez of Burnaby, B.C., Montreal’s Alex Moore, Linda Morais of Tecumseh, Ont., and Hannah Taylor of Summerside, P.E.I. join Dhesi of Surrey, B.C., and Di Stasio of Coquitlam, B.C., on the […]

TORONTO — An Ontario judge issued an order Tuesday that recognizes and enforces Red Lobster’s U.S. bankruptcy protection proceedings in Canada. The order from judge Michael Penny was requested by lawyers for the beleaguered seafood restaurant chain’s Canadian business, who told a virtual court their client is working to steady its operations. “Everything we are […]

OTTAWA — Conservative MP Todd Doherty says the federal government is offering “false hope” to Canadians with a national pharmacare bill that will not initially apply to a broad range of medications. The Liberals and NDP, who collaborated on the program, say the bill is a “framework legislation” that will guide a future universal and […]

TORONTO — Rising strain in auto loans and mortgages led Scotiabank to set aside more money in the second quarter, leading to a drop in profits and analyst concern about its growth prospects. The bank said Tuesday its net income fell to $2.09 billion or $1.57 per diluted share for the quarter ended April 30, […]

OTTAWA — Canada’s privacy czar and a government official warn that a Senate bill proposing to block minors from “sexually explicit material” online could apply to streaming services such as Netflix. Philippe Dufresne, the country’s privacy commissioner, and Owen Ripley, a deputy minister at Canadian Heritage, say legislators should dramatically narrow the bill’s scope. They […]