Ontario News

TORONTO — Shares in CI Financial Corp. soared after it announced a deal to sell a 20 per cent stake in its U.S. wealth management business to a group of institutional investors for about $1.34 billion. Shares in the company were up $5.

TORONTO — Brookfield Corp. reported first-quarter net income of US$424 million, down from US$2.96 billion in the same quarter last year. The company, which keeps its books in U.S.

OAKVILLE, Ont. — Algonquin Power and Utilities Corp. says it has launched a strategic review of its renewable energy group. The company, which terminated its deal to buy Kentucky Power Company and AEP Kentucky Transmission Co. Inc.

TORONTO — Ontario Economic Development Minister Vic Fedeli calls it the "sleeper story" of the province's massive auto industry transition.

TORONTO — The City of Ottawa and the province are in talks after Ontario decided to give the nation's capital less than $1 million in new money for homelessness.

TORONTO — The Vancouver Whitecaps opened defence of their Canadian Championship title with a 4-1 quarterfinal victory over York United FC on Wednesday, a result that means the road to the Voyageurs Cup now goes through B.C. for them.

TORONTO — The National Arts Centre has revealed its first full slate of new programming since 2019, betting that years of disruptions are no more.

TORONTO — Maple Leafs fans who gathered in downtown Toronto to watch the hockey team battle for NHL playoff survival were rewarded for their faith and loyalty on Wednesday night.

TORONTO — Edmonton Oilers forward Connor McDavid, Boston Bruins forward David Pastrnak and San Jose Sharks defenceman Erik Karlsson are the finalists for the Ted Lindsay Award.

TORONTO — RioCan Real Estate Investment Trust says net income for the first quarter was $118 million, down from $160 million a year earlier. The Toronto-based company says same property net operating income grew by 3.