Ontario News

TORONTO — First Quantum Minerals Ltd. says it is prepared to commit to a deal that includes a minimum level of tax and royalty payments as talks continue with the government of Panama over the long-term future of its Cobre Panama mine.

TORONTO — Hydro One Ltd. says David Lebeter has been named the company's new president and chief executive. Lebeter currently serves as the utility's chief operating officer. The company says the promotion to the top job is effective Feb. 1.

TORONTO — A major Toronto hospital network said its digital systems went down on Monday and it was working to investigate what was causing the outage.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (19,857.07, up 42.56): TC Energy Corp. (TSX:TRP). Energy. Up 55 cents, or 1.01 per cent, to $54.79 on 6.6 million shares.

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.