Ontario News

The City of Toronto is proposing to increase property taxes by 6.9 per cent this year to help fund its $18.8 billion operating budget for 2025. The proposed hike includes a tax increase of 5.

BRANTFORD, Ont. — A group led by Edmonton Oilers forward Zach Hyman and his family have purchased the Ontario Hockey League's Brantford Bulldogs.

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.

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.

TORONTO — AFC Toronto has added experience to its backline in the form of veteran South Korean international Hong Hye-ji.

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.

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.

TORONTO — Toronto-based Float Financial Solutions Inc. says it has signed a $70 million financing round led by Goldman Sachs' growth equity division.

OTTAWA — As a race to elect a new Liberal leader quickly approaches, a high-profile candidate appears set to throw their hat into the ring.

OTTAWA — Prime Minister Justin Trudeau says talk of Canada becoming the 51st state is a distraction from more pressing threats of U.S tariffs on Canada and their likely impact.