Ontario launching new regulator for financial services and pensions

TORONTO — The Ontario government says it is combining two agencies to create one regulator of pensions and financial services aside from securities. Finance Minister Vic...
Canadian Money

More people applied for carbon rebate than expected, CRA data shows

OTTAWA — More families applied for the carbon tax rebates than the federal government predicted this spring but thus far Ottawa has paid out less money than expected. Canada...

Main Canadian stock index advances modestly, loonie strengthens

TORONTO — Canada's main stock index is up moderately with some of the lift coming from the metals and mining sector. The S&P/TSX composite index...

Industrials and materials pull Toronto stocks lower, loonie trades up

TORONTO — Canada's main stock index edged lower in late-morning trading, pulled lower by losses in the industrial and materials sectors. The S&P/TSX composite index...

Energy and materials weigh on Toronto market as U.S. stocks rise; Loonie up

TORONTO — The energy and materials sectors weighed on stocks in Toronto as Canada's main stock index edged lower late-morning trading, while U.S. stocks...

OSFI increases domestic stability buffer for big banks to 2.00 per cent

OTTAWA — The federal banking regulator is increasing the domestic stability buffer for the country's systemically important banks to 2.00 per cent from 1.75...

Materials sector helps lift Toronto stocks, loonie up against U.S. dollar

TORONTO — The materials stocks helped lift Canada's main stock index, helped by strength in the gold sector, as U.S. stock markets were mixed. The...

Fiscal monitor shows Ottawa ran $11.8B deficit for 2018-19 fiscal year

OTTAWA — A preliminary estimate by the Finance Department says the federal government posted a deficit of $11.8 billion for its 2018-19 fiscal year. The...

Toronto and U.S. stock markets down at late-morning, loonie falls

TORONTO — Canada's main stock index posted a triple-digit decline in late-morning trading in the face of broad-based weakness as U.S. stock markets also...

Bank of Canada to weigh in on economy, expected to leave interest rate unchanged

OTTAWA — Bank of Canada governor Stephen Poloz is widely expected to leave his trend-setting interest rate unchanged today — and he appears in no hurry to move...