City Ontario Financial News

Canadians’ migration east in search of cheaper housing and a better quality of life in the Maritimes appears to be losing steam.

There were clues around the brick bungalow in north Toronto where Deb Scott grew up that hinted at her parents’ adventurous past. Photo albums full of black-and-white images of big lakes, dense northern forests, rocky hills and rushing waters; an old Coleman camping stove tucked away in a basement corner; a pair of heavy, eider-down sleeping bags; wooden crates full of rock samples; and a red, 16-foot Prospector canoe kept in the rafters of the two-car garage.

₹4,800 crore across commercial vehicles, passenger vehicles, tractors, construction equipment and MSME loans. As part of the investment, Rahul Mukim, director of private capital, India, is slated to join the board of Kogta as the nominee of Ontario Teachers’ Pension Plan.“Our investment in Kogta underscores our commitment to identifying and backing high-growth opportunities in India’s vibrant financial services sector.

Environment Canada said.“A prolonged heat event will begin today,” Environment Canada said in a special weather alert posted just before 6 a.m. Monday.The multi-day heat event is expected to last until Thursday or Friday, the weather agency said.

Austrian-Canadian auto parts billionaire Frank Stronach has been arrested on sexual assault charges involving accusations from the 1980s to last year

Real estate professionals would use the old phrase “drive until you qualify” to give prospective homebuyers in Canada’s biggest cities an idea of how to break into the housing market: essentially, get out of the expensive urban areas to find a cheaper home you can afford.

The federal government and the government of Ontario have reached a $357-million deal under the National Housing Strategy.

Peel Regional Police say hundreds of vehicles worth $33.2 million have been recovered in a major auto theft investigation — with 37 containers worth of cars found at the Port of Montreal.

Canada Pension Plan Investment Board’s exposure to investments in yuan has fallen by half in just two years, as the money manager pulls back in the world’s second-largest economy because of higher risks.

One of the alleged hitmen accused of killing B.C. Sikh temple leader Hardeep Singh Nijjar was arrested and released in Surrey, B.C., shortly before the attack, according to court records.

construction season.Workers will be outside taking advantage of the weather to get all sorts of projects done, such as road maintenance and sewer upgrades.However, the season is notorious for its traffic congestion, and with the amount of work going on, planning experts say better execution is needed to reduce the impact on people’s lives.“Disruption for a day, week or month is understandable. Disruption for five years to your life is something unacceptable,” said Murtaza Haider, a professor of management at Toronto Metropolitan University and director of the Urban Analytics Institute.“The kind of systems we have put in place (and) the kind of oversights we have put in place are not necessarily conducive for rapid, fast execution and delivery of transit infrastructure or transportation infrastructure.”Every spring, construction crews take to the streets of many Ontario cities to begin work on projects, taking advantage of the warm weather because some work can’t be done during the cold months, said Matti Siemiatycki, a professor of geography and planning and director of the Infrastructure Institute at the University of Toronto.Last year, work during Toronto’s construction season was pegged at $1.14 billion, and involved maintenance and upgrades to roads, bridges, expressways, TTC tracks, sewers and watermains.But nowadays, Toronto residents are beginning to see projects planned for year-round work.For example, parts of the city’s Gardiner Expressway were recently reduced by one lane in each direction for “critical rehabilitation work” over the next three years.

CALGARY — At Calgary’s Centre for Newcomers, where Kelly Ernst is chief program officer, staff have been — in Ernst’s words — “run off their feet.”

An extensive crackdown led to the recovery of 598 stolen vehicles in Canada before they could be illegally shipped overseas,  authorities announced Wednesday amid a boom in auto thefts across the country.

The decision by the government of Ontario will hit hardest at colleges that have been relying entirely on foreign enrollments to drive recent growth. Colleges Ontario, an industry group, said revenue losses will be in the hundreds of millions of dollars this fall. That will mean “immediate program suspensions” and a pause on capital spending, Marketa Evans, the group’s CEO, said in a statement. “No organization can absorb such losses without significant cuts to operations.”

Canadian and Ontario governments' COVID lockdown efforts and vaccination mandates on X. Her outspoken stance drew harassment from legacy media, censorship from prior Twitter management, and investigations by the College of Physicians and Surgeons of Ontario (CPSO), resulting in "cautions" being placed on her permanent public record. The legal battles drained Gill's life savings, leaving her with a staggering $300,000 court judgment due on Monday.

On paper, Kingston, Ont., is doing everything the provincial government has asked it to do on housing — and more.The city was told to get building work underway on 587 new homes in 2023 as part of the province’s push to build 1.5 million new homes. By the end of the year, Kingston had achieved 250 per cent of its target, with 1,465 housing starts.The benchmark price for a home in Kingston in February 2024 was $543,800, down 0.3 per cent from the same time last year.

A handful of senior executives from across the Ontario Securities Commission have left or are on their way out on the heels of a five-year extension of the term of chief executive Grant Vingoe.

Spring came early to Canada’s housing market.

How hard each province is hit by this year’s expected recession will depend on their relative exposures to the housing and commodities markets, saysone economist.

Marc Miller announced on Monday.Miller announced a slew of other curbs while speaking at the Liberal cabinet retreat, which he said would reduce the intake by 35 per cent over the next two years.The cap, he said, would be distributed provincially per capita, according to population.“In order to maintain a sustainable level of temporary residence in Canada, as well to ensure that there is no further growth in the number of international students in Canada for 2024, we are setting a national application intake cap for a period of two years for 2024. The cap is expected to result in approximately 364,000 approved study permits, a decrease of 35 per cent from 2023,” he said.He added that the cap will look different for each province.“In the spirit of fairness, we are also allocating the cap space by province based on population,” Miller added, saying that “some provinces will see much more significant reductions.”Miller said he has already had “productive discussions” with the governments of Ontario and British Columbia.Miller said the cap will not apply to students at graduate levels of studies, including master’s and doctoral students.