Ontario News

TORONTO — A proposal to increase Toronto's police budget by nearly $50 million was passed unanimously by the force's board on Monday, despite outcry from critics who said the money would be better invested in underfunded community services.

TORONTO — Canada's main stock index stalled in the afternoon after a morning of strong gains in energy, technology and base metals, while U.S. markets also cooled, ending the day with mixed results. The S&P/TSX composite index was up 42.

TORONTO — Canada's big banks say they have the cash reserves needed ahead of a potential economic slowdown, while minimizing the risks it poses to their finances.

TORONTO — The Ontario Liberals are in no rush to select a new leader, with the party's executive council set to start consultations on changing the leadership process itself, as recommended in a report on the "devastating" 2022 election loss.

TORONTO — Brandy Rennick's seven-year-old son took a small stuffed toy to school on Monday to place on the chair beside him, where his friend Khaleesi used to sit.

TORONTO — Energy prices will likely be volatile in the first quarter of 2023 as geopolitical uncertainty continues, Deloitte said.

TORONTO — The father-daughter drama "Aftersun" by first-time director Charlotte Wells scored big with the Toronto Film Critics Association, netting four awards including best picture.

TORONTO — Online media company Gonez Media (GMI) says it has acquired Now Magazine. Financial terms of the agreement were not immediately available. Now Magazine published its last print edition last year, but has maintained its website.

TORONTO — TMX Group Ltd. has signed a deal to buy a 21 per cent stake in VettaFi Holdings LLC for $234 million. U.S.-based VettaFi is a privately owned data, analytics, indexing and digital distribution company.

TORONTO — A management-led group of Canaccord Genuity Group Inc. employees has made a takeover bid for the company valued at $1.127 billion. The employee group is offering $11.25 per share for the financial services firm.