Ontario News

TORONTO — When investor exuberance in tech stocks faded as COVID-19 spending habits petered out and recession predictions grew, the head of the Silicon Valley Bank's Canadian arm knew what would keep startups going: venture debt.

SMITHS FALLS, Ont. — Canopy Growth Corp. says it is looking to grow its U.S. business with the creation of a new U.S.-domiciled company that will hold its U.S. cannabis investments.

TORONTO — The chair of the Ontario Securities Commission has stepped down less than a year after taking the job. A spokesperson for Ontario Finance Minister Peter Bethlenfalvy says the minister accepted Heather Zordel's resignation on Oct. 21.

TORONTO — Ontario's big city mayors elected to a new term in office may soon have enhanced powers at their disposal to tackle tough issues like housing.

TORONTO — Two former Ontario party leaders carved municipal paths to political redemption Monday, narrowly winning mayoral races mere months after disappointing provincial losses, while several large cities opted to hand their incumbents another term

Results are in for municipal elections across Ontario.

TORONTO — John Tory secured a strong third mandate as mayor of Canada's most populous city on Monday, after a campaign that saw him tout his years of experience in Toronto's top office in his bid for re-election.

TORONTO — Ontario has announced it is raising the non-resident speculation tax on homes purchased by foreign nationals from 20 per cent to 25 per cent, effective Tuesday.

TORONTO — Environment Canada issued, then removed, what a meteorologist said was believed to be its first air quality statement in relation to holiday fireworks on Monday, prompting questions about why a major Hindu holiday was singled out.

TORONTO — Cronos Group Inc. and one of its former executives signed settlements Monday with U.S. and Canadian regulators that accused them of filing inaccurate financial statements.