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TORONTO — Royal Bank of Canada joined its peers this quarter in setting more money aside for potentially bad loans, but the bank is also working to position itself to capture the substantial sums of money lying in wait for when economic trends shift. RBC chief risk officer Graeme Hepworth said the economic outlook is […]

TORONTO — Environment Canada is warning of a sharp cold front passing through Ontario on Wednesday, saying it is expected to dramatically shift weather conditions in most parts of the province. The weather agency has issued flash freeze warnings for several municipalities near Ottawa in the east and a snow squall warning for Sault Ste. […]

TORONTO — Ontario’s top court has upheld the life sentences for a man who opened fire in Toronto’s Eaton Centre mall in 2012, killing two people and leaving several others injured. In a unanimous decision released today, the Court of Appeal for Ontario found there was “no basis for interfering” in the sentences handed to […]

TORONTO — Canada’s main stock index was down in late-morning trading, weighed down by losses in the base metal and telecom stocks, while U.S. stock markets also fell. The S&P/TSX composite index was down 24.10 points at 21,294.80. In New York, the Dow Jones industrial average was down 60.46 points at 38,911.95. The S&P 500 […]

TORONTO — A global credit rating agency says Ontario’s recent post-secondary funding announcement is only a “stop gap” that will still leave universities struggling, and which may end up hurting the student experience. DBRS Morningstar says in commentary released today that the three-year, $1.3-billion package announced this week by Colleges and Universities Minister Jill Dunlop […]

TORONTO — George Weston Ltd. reported a smaller loss in its fourth quarter compared with a year ago as its revenue edged higher. The company, which owns a majority stake in Loblaw Cos. Ltd. and a large stake in Choice Properties REIT, says its net loss available to common shareholders from continuing operations amounted to […]

BRAMPTON, Ont. — MDA Ltd. reported a fourth-quarter profit of $13.5 million, up from $8.8 million a year earlier, as its revenue rose 10 per cent. The robotics and space technology firm says the profit amounted to 11 cents per diluted share for the quarter ended Dec. 31, up from seven cents per diluted share […]

TORONTO — Royal Bank of Canada reported a first-quarter profit of $3.58 billion, up from $3.13 billion a year earlier, as the money it set aside for bad loans rose. The bank says the profit amounted to $2.50 per diluted share for the quarter ended Jan. 31, up from $2.23 per diluted share in its […]

TORONTO — Kirsten Watson was weeks away last year from losing access to potentially life-saving medication — a situation she found herself in because Ontario does not cover the cost of take-home cancer drugs. The 43-year-old is on medication to help prevent a recurrence of breast cancer after being diagnosed in 2020. She lost her […]

TORONTO — This leap year, some financial experts say they’re seeing an unexpected trend: employees asking if they get paid for working on Feb. 29. Every four years, the calendar gains a day to sync up with the Earth’s movement around the sun. Yet inquiries about what it means for paycheques hasn’t previously been noticeable. […]