Ontario News

TORONTO — It's been a wild week in the crypto market following the collapse of exchange platform FTX, but an industry insider says that while the situation is probably one of the most unfortunate events in the history of the asset class, it's not the

MISSISSAUGA, Ont. — Pivot Air's chief executive says paperwork filed in a Dominican Republic court today could allow the airline's five staff kept in the Caribbean nation since April to return home soon.

TORONTO — Manulife Financial Corp. says it will name Don Lindsay as chair of the company's board early next year. Lindsay will replace John Cassaday, who will retire in February after 30 years on the Manulife board, including the past five as chair.

TORONTO — Gerry Schwartz, founder of Toronto-based private equity firm Onex Corp., will step down from his role as CEO of the company after nearly 40 years. The billionaire, who turns 81 this month, will remain chairman of Onex.

TORONTO — Ontario's labour relations board says the provincial government has withdrawn its application to have a walkout by 55,000 education workers declared illegal.

When Majd Darwich heard the sound of police sirens speeding past his home in Mississauga, Ont., last week, he instinctively ran upstairs to check if his nonverbal autistic son was still in his room. His 19-year-old wasn't there.

TORONTO — Thomson Reuters Corporation says it has signed a deal to acquire U.S. company SurePrep, LLC, in a transaction worth US$500 million.

Toronto Mayor John Tory appealed to the provincial and federal governments for immediate financial help on Thursday, warning that without it the city could face "unprecedented" tax hikes and "extreme" service cuts.

OAKVILLE, Ont. — Algonquin Power & Utilities Corp. reported a $195.2-million loss in its latest quarter and cut its financial guidance for the year. The power utility, which keeps its books in U.S.

TORONTO — Hydro One Ltd. reported a third-quarter profit of $307 million, up from $300 million in the same quarter last year. The power utility says the profit amounted to 51 cents per diluted share for the quarter ended Sept. 30.