County Ontario Financial News

After the Lotto 6/49 gold ball wasn’t drawn on Saturday, the game’s next draw is guaranteed to see someone take home a record-breaking $68 million.

Ottawa, Ontario, after the killing of a Sikh separatist leader in the Vancouver area, but Canada developed the most definitive intelligence that led it to accuse India of orchestrating the plot, according to Western allied officials. In the aftermath of the killing, U.S. intelligence agencies offered their Canadian counterparts context that helped Canada conclude that India had been involved.

National Bank of Canada is better positioned than many of its larger rivals to navigate a downturn that’s poised to hit banks’ balance sheets and customers, according to chief executive Laurent Ferreira.

Pierre Poilievre’s polling momentum continues to chug along with 40 per cent of Canadians saying he’s the best choice to be prime minister, according to a new Ipsos poll done exclusively for Global News.Poilievre’s favourables on this question are up five points from a year ago. The number of respondents who think Prime Minister Justin Trudeau is the best choice remains static year-over-year at 31 per cent.Ipsos CEO Darrell Bricker said this gap shows the Conservatives could form a majority government if an election was held today.“So a real economic set of concerns.”The amount of respondents who think NDP Leader Jagmeet Singh is the best choice to be prime minister slipped four points since September 2022, with 22 per cent of respondents saying he’s the best choice to lead the government.On core issues facing Canada around the economy, health care and housing, the poll found a plurality of Canadians think Poilievre has the best plans across all three areas.Regionally, Poilievre’s favourables top the list in every province and region except for Quebec.

Canadians are expected to pass on as much as $1 trillion in inheritances over the next decade, though you may have a better chance of being on the receiving end depending on which province you live in, new research suggests.

Pirola. Eris. Kraken.

Canadian Bitcoin mining firm Hut 8 is set to wrap up its planned merger with US Bitcoin (USBTC) following final approval from the Supreme Court of British Columbia.

Indian students who have been protesting against inflation and are experiencing a housing crisis. The protests started in the second week of September on the campus of Canadore College in North Bay, Ontario. However, three days later, the college administration and students reached an agreement, with the latter promising to take their requests for inexpensive housing into account, according to Indian Express reports.

The Bank of Canada is supposed to be free from government interference, but elected officials have become more vocal about interest rates, inflation and the effect on their citizens, leaving some experts fretting about the central bank’s independence when it comes to monetary policy.

Cloud data company Databricks recently announced the completion of a Series I fundraising round where it raked in $500M from primary investor accounts led by T.Rowe and new investors Capital One Ventures, Ghisallo Capital Management, Ontario Teachers’ Pension Plan and Nvidia.

By David Ljunggren

Steve Clark was first tapped to be Ontario’s Minister of Municipal Affairs and Housing in 2018, his directions from Premier Doug Ford were clear: his ministry was not to touch Ontario’s Greenbelt and instead Clark was explicitly instructed to protect the 2-million acres of land around the Greater Toronto Area.Four years later, amid a housing shortage crisis, the Ford government tore up that pledge, throwing itself into a scandal that forced Clark and his chief of staff to resign.Global News obtained the 2018 mandate letters which contain the specific instructions given to the Ontario cabinet ministers by Premier Doug Ford after his inaugural election.For five years, the Ford government has fought to keep these letters private, asserting that they related to internal cabinet deliberations and should be kept confidential.Global News can exclusively reveal, for the first time, the contents of the letters in a new series, ‘Mandated.’Premier Doug Ford’s election in 2018 marked a sea change moment in Ontario politics.The Liberal government, which had been in power for 15 years, was brought to a crippling end, ushering in a people-centric government that was determined to not lose sight of ethics and accountability.In the build-up to the 2018 provincial election, Ford was forced to alter his campaign after touching what could be considered one of the third rails of Ontario politics: the Greenbelt.In February of that year, Ford was recorded on video promising his government would “open up a big chunk” of the Greenbelt for affordable housing developments.“I’ve already talked to some of the biggest developers in this country,” Ford said of his conversation with builders.

Homeless encampments have been multiplying across Ontario since the pandemic, but experts say this visible symptom of the national housing crisis has been a long time coming.

Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT), one of North America's leading digital asset and bitcoin mining pioneers, has announced further developments regarding its proposed all-stock merger with U.S. Data Mining Group, Inc., also known as US Bitcoin Corp (USBTC). The resulting entity from this merger will be christened «Hut 8 Corp.» and will be based in the U.S.

Tech giant Apple is gearing up for its highly anticipated Wonderlust event on September 12. During this event, Apple is set to unveil its latest offerings, including the iPhone 15 series, the Watch Series 9, and the Watch Ultra 2.

Conservative party gathers in Québec City this weekend.The Conservatives are riding high in national polling and head into this weekend’s policy convention — the party’s first in-person convention since 2018 — with a sense of cautious optimism after eight years on the opposition benches.But it wouldn’t be a Conservative gathering without some good old fashioned intra-party power struggles.Alissa Golob, the executive director of anti-abortion group Right Now, said her organization is pushing for more transparency around party nominations and more power resting with local riding associations — rather than Poilievre and his team in Ottawa.The group’s goal is to nominate and elect more anti-abortion politicians to the House of Commons, with an aim of passing legislation to restrict abortion access in Canada.Unlike previous conventions, however, Golob said social conservatives are focusing their attention less on policy debates and more on the power dynamics between the party “establishment” and local volunteers.

Long-Term Care needs to put in place clear rules for in-person inspections to prepare for a future pandemic and immediately act when residents are at risk of ongoing serious harm.Paul Dube’s report today on the inspection regime for long-term care homes during the COVID-19 outbreak says that there were no inspections for the first seven weeks of the pandemic and no inspection reports issued for the first two months.Dube says inspections stopped because the ministry had no plan to ensure inspectors’ safety, with no personal protective equipment available for them and a lack of training in infection prevention and control.His 76 recommendations include urging the ministry to ensure it always has staff available for in-person inspections.Dube also says his investigation found many instances in which inspectors were deployed to “support” homes rather than enforce compliance with legislation and sometimes gave homes reduced penalties, so he recommends stronger enforcement.The ministry told Dube it has already fully or partially implemented more than half of his recommendations.

Musk was seen for the first time with his twins Strider and Azure, along with their mother, venture capitalist Shivon Zhilis. The picture was shared by Musk’s biographer Walter Isaacson, on his X handle. In the picture, the 52-year-old business tycoon could be seen sitting cross-legged on a couch with one of the twins on his lap, while the other is being held by Zhilis. Another picture shows one of the twins hovering near a robot. Dropping the pictures, the veteran journalist wrote, “Ever since imbibing Isaac Asimov's stories as a kid, Musk has worried that our robots could turn on us. This Time excerpt explains why and what he’s doing about it.” “For a moment I was struck by the oddness of the scene,” Isaacson wrote. “We were sitting on a suburban patio by a tranquil backyard swimming pool on a sunny spring day, with two bright-eyed twins learning to toddle, as Musk somberly speculated about the window of opportunity for building a sustainable human colony on Mars before an AI apocalypse destroyed earthly civilization,” he tweeted. The photo was taken at Zilis’s home in Austin, Texas. The twins were born in November 2021, weeks before Musk and Canadian songstress Grimes welcomed their second child via surrogacy.

Rumours about Caledonia selling 7IM have been floating since early 2022.

Two Toronto men are dead and six other men were injured, including an American, after a shooting outside of a wedding venue in Ottawa on Saturday night.

Doug Ford has become the second Canadian premier to formally express his displeasure with interest rate hikes, calling on the Bank of Canada to end the increases, which he says are “hurting people.”