Ontario News

TORONTO — John Tory, who shocked Toronto residents with his admission of an affair with a former staffer, submitted his formal resignation from the mayor's office late Wednesday shortly after councillors approved what became his final budget.

SARNIA, Ont. — Nolan Burke scored four goals to fuel the Sarnia Sting's dominant 9-1 victory over the Guelph Storm on Wednesday.

TORONTO — Sheldon Keefe has asked his players to take more ownership in key moments. Auston Matthews — back in the Maple Leafs' lineup following an injury absence — and William Nylander took their head coach's words to heart early on Wednesday.

TORONTO — Shopify Inc. executives warned investors and analysts that it is expecting personnel expenses to weigh on its 2023 outlook as it revealed its most recent quarter delivered a loss of US$623.6 million.

TORONTO — Losses in energy on Canada's main stock index were offset by gains in other sectors, with the index posting a minor gain Wednesday, while U.S. markets were also up. The S&P/TSX composite index was up 15.60 points at 20,720.39.

TORONTO — Kinross Gold Corp. says it saw a loss of US$106 million from continuing operations in the fourth quarter of 2022, down from a loss of $66.2 million during the same quarter a year earlier. The company, which reports in U.S.

TORONTO — Manulife Financial Corp. says earnings slipped in the fourth quarter compared with a year earlier but rose for the full 2022 financial year. The insurance giant says net income attributable to shareholders came in at $1.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,720.39, up 15.60): Enbridge Inc. (TSX:ENB). Energy. Down 17 cents, or 0.32 per cent, to $52.89 on 19.7 million shares.

TORONTO — Ontario's economy can withstand a recession, the province's finance minister said Wednesday.

Ottawa police say a coach who worked for Gymnastics Ontario is facing several charges of sexual assault involving multiple students.