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Algoma Steel reports net loss of $84.8 million in third quarter, revenues rise

Algoma Steel reports net loss of $84.8 million in third quarter, revenues rise

SAULT STE. MARIE, Ont. — Algoma Steel Group Inc. reported a net loss of $84.8 million in its third quarter, compared with a net loss of $69.8 million a year earlier. The Sault Ste. Marie, Ont.-based company says revenue totalled $615.
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Homicide unit investigating after two people found dead in Richmond Hill, Ont., home

Homicide unit investigating after two people found dead in Richmond Hill, Ont., home

York Regional Police say their homicide unit is investigating after two people were found dead inside a Richmond Hill, Ont., home. Police say they made the discovery after responding to a welfare check call on Monday morning.
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Backstop on insurance needed from catastrophe risk: OSFI head

Backstop on insurance needed from catastrophe risk: OSFI head

TORONTO — It's important to develop a backstop for the insurance industry against major catastrophes like an earthquake, said the head of Canada's financial institutions regulator Tuesday.
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Business funding on climate action needs to "rise exponentially": RBC report

Business funding on climate action needs to "rise exponentially": RBC report

TORONTO — Business funding for climate action needs to "rise exponentially" for Canada to be on track for net zero emissions by 2050, said a report out Tuesday from RBC.
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Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,957.74, up 85.85 points): Manulife Financial Corp. (TSX:MFC). Finance. Up 43 cents, or 1.45 per cent, to $30.01 on 7.
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U.S. stock markets hold on to gains while base metal stocks help boost TSX

U.S. stock markets hold on to gains while base metal stocks help boost TSX

TORONTO — Strength in base metal stocks helped lead modest but broad-based gains on Canada's main stock index, while U.S. markets ticked higher. The S&P/TSX composite index closed up 85.85 points at 20,957.74.
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Ontario spending nearly $800 million on new hospital tower in Toronto

Ontario spending nearly $800 million on new hospital tower in Toronto

TORONTO — Ontario is spending almost $800 million for a new tower at a Toronto hospital. The province says a new 15-storey tower at University Health Network's Toronto Western Hospital will have 82 patient beds and 20 operating rooms.
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Court allows negligence class-action suit against Ontario LTC minister to proceed

Court allows negligence class-action suit against Ontario LTC minister to proceed

TORONTO — Ontario's Court of Appeal is allowing a class-action lawsuit to proceed against the minister of long-term care for alleged negligence regarding the government's response to COVID-19.
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'Like a time capsule': Woman's forgotten wallet found at Toronto mall 40 years later

'Like a time capsule': Woman's forgotten wallet found at Toronto mall 40 years later

As a young child, Vanessa Austin used to spend many weekends strolling through one of Canada’s busiest malls with her family. It was during one of those visits to Toronto’s Eaton Centre four decades ago that her mother’s wallet disappeared.
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Strong start to home sales in 2024 unlikely to delay BoC rate cuts: economists

Strong start to home sales in 2024 unlikely to delay BoC rate cuts: economists

TORONTO — A surge in home sales across Canada's largest markets to kick off 2024 is unlikely to prompt the Bank of Canada to delay its probable interest rate cuts later this year.
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