York Region

TORONTO — A new report says the cost of insured damage caused by severe weather last year hit a record high as it totalled more than $8 billion. According to Catastrophe Indices and Quantification Inc., the cost of insured damage totalled $8.55 billion for 2024, topping the previous record of $6.2 billion from 2016 when […]

BRANTFORD, Ont. — A group led by Edmonton Oilers forward Zach Hyman and his family have purchased the Ontario Hockey League’s Brantford Bulldogs. The league announced Monday that its board of governors has approved the sale of the Bulldogs by Ottawa Senators majority owner Michael Andlauer to a group including Hyman, his brother Spencer and […]

OTTAWA — Liberals considering launching their own bids to replace Justin Trudeau as party leader are now making public appeals for support. Seven prospective leadership candidates now have forms posted on the Liberal party website to collect the signatures they require to enter the race. Former finance minister Chrystia Freeland, former central banker Mark Carney […]

OTTAWA — The cost to send a letter in Canada is increasing by about 25 per cent, effective today. Canada Post says the cost of stamps for domestic mail bought in a booklet, coil or pane has increased by 25 cents to $1.24 per stamp. The cost of a single domestic stamp is now $1.44, […]

Toronto police say they are launching a new initiative to address a rise in criminal and violent incidents in the tow truck industry. Police say plainclothes and uniformed officers will be deployed in critical areas around Toronto to tackle shootings, arsons and other criminal acts linked to “bad actors” in the industry. They say such […]

TORONTO — The U.S. Securities and Exchange Commission says BMO has agreed to pay more than US$40 million to settle charges related to the bank’s alleged supervision failure in bond selling. The regulator says the apparent issue allowed employees in the BMO Capital Markets division to allegedly sell mortgage-backed bonds using misleading metrics. The SEC […]

OTTAWA — International Development Minister Ahmed Hussen and MP Omar Alghabra have made the first Canadian delegation visit to the border region of Turkey and Syria since the fall of the Bashar Assad regime in Syria. During the visit, Hussen announced $17.25 million in funding for humanitarian assistance including clean water and food, protection services, […]

TORONTO — Cineplex says its box office revenue for December was up from a year earlier as movies released in November including Wicked and Moana 2 gained momentum. The movie theatre company says box office revenue in December totalled $64.8 million, up from $51.8 million in December 2023. However, the total was less than then […]

TORONTO — AFC Toronto has added experience to its backline in the form of veteran South Korean international Hong Hye-ji. The 28-year-old centre back has won 40 senior caps for Korea and featured at the FIFA Women’s World Cup and two FIFA U-20 Women’s World Cups. Hong, who captained Korea at the 2016 U-20 tournament […]

TORONTO — Toronto-based Float Financial Solutions Inc. says it has signed a $70 million financing round led by Goldman Sachs’ growth equity division. The business finance platform says the series B financing also includes funding from OMERS Ventures, FJ Labs, Teralys and existing investor Garage Capital. It says the financing adds to a $50 million […]