Ontario News

TORONTO — The parent company of the master franchisee of Tim Hortons coffee shops in China says it has signed a deal for the exclusive development of Popeyes in mainland China and Macau. TH International Ltd.

TORONTO — Brookfield Asset Management Ltd. says its share of the latest quarterly profit of the asset management business it owns with Brookfield Corp. amounted to US$19 million.

TORONTO — Automakers have made high-profile price cuts for some of the most well-known electric cars this year, but experts say the overall sticker shock of buying vehicles will prove harder to remove.

TORONTO — Brookfield Reinsurance has signed a deal to buy Argo Group International Holdings for US$1.1 billion in cash. Argo is a U.S. focused underwriter of specialty insurance products.

TORONTO — TMX Group Ltd. is proposing to split its shares on a five-for-one basis. The operator of the Toronto Stock Exchange says it believes the split may encourage greater liquidity for its shares. Shares in the company closed at $133.

TORONTO — After seven seasons with the Toronto Raptors, Pascal Siakam is over trade deadline speculation. "At the end of the day, we know what it is.

BRAMPTON, Ont. — A second-half surge wasn't enough for the Brampton Honey Badgers as they dropped a 99-93 decision to Real Esteli in Basketball Champions League Americas play on Tuesday.

SAINT CATHARINES, Ont. — Matteo Drobac turned away all 18 shots he faced as the Hamilton Bulldogs blanked the struggling Niagara IceDogs 6-0 in Ontario Hockey League play on Tuesday.

BRANTFORD, Ont. — The Ontario Hockey League's Hamilton Bulldogs officially have a new home. The team announced Tuesday that it will relocate to Brantford, Ont., and play at the Brantford Civic Centre beginning next season.

TORONTO — Canada's main stock index gained almost 100 points Tuesday as strong performance in the energy sector was dragged down by losses in telecom and utilities, while U.S. markets also rose. The S&P/TSX composite index was up 96.