Ontario News

TORONTO — Canada's bank regulator said it is preparing for strain in the housing market to potentially last throughout the year as it flags the sector as a growing concern.

TORONTO — Food inflation continued to outpace headline inflation in March, but experts say another year-over-year dip is an encouraging sign as consumers hope for relief at the grocery store. The price of groceries rose 9.

TORONTO — Matthew Knies is settling into life as a professional hockey player in Canada's biggest city. The sights and sounds — and the traffic.

TORONTO — Record industry giant Universal Music Group is encouraging a crackdown on unauthorized use of its performers' voices after a fake, A.I.-generated song featuring Drake and the Weeknd made the rounds online.

TORONTO — Yung Wu has founded, built and invested in at least seven companies, but there's one thing that's not his strong suit: retiring. The first time the serial entrepreneur retired was in 2007, after the sale of his first company, Castek Inc.

One of Canada's most prominent conservation groups has reached a deal to buy the largest privately owned island in Lake Superior, a move that will protect it from development. Batchawana Island, located 45 kilometres north of Sault Ste. Marie, Ont.

BRAMPTON, Ont. — Galen Weston is stepping aside from day-to-day operations of Loblaw Companies Ltd. in a senior leadership shuffle that will see a European retail executive take over as president and CEO.

TORONTO — GSK plc has announced a deal to buy Canadian drug developer Bellus Health Inc. for US$2 billion. Under the agreement, GSK will pay US$14.75 per Bellus share in cash. Bellus shares closed at US$7.26 on the Nasdaq market on Monday.

Melissa Chatzimanolakis had been hoping to have her brother out of jail and home by now. Instead, the 29-year-old attended her sibling's funeral earlier this month, days before he was set to have a bail review that could have seen him leave custody.

MISSISSAUGA, Ont. — Ontario's police oversight agency says an officer who fatally shot a man who had killed five people at a condominium building should not face criminal charges.