Ontario News

TORONTO — OMERS says it earned a net investment return of 4.

TORONTO — RBC and TD Bank Group have agreed to pay tens of millions of dollars in penalties after being charged by the U.S. Securities and Exchange Commission over recordkeeping violations. RBC Capital Markets has agreed to pay US$45 million.

OTTAWA — Canada's housing market softened slightly in July from a month earlier as sales of existing homes dipped and new listings inched up, the Canadian Real Estate Association said. Sales were down 0.

Thirty-two people are facing criminal charges after a police investigation into a street gang in Toronto known as the Jamestown Crips.

OTTAWA — Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, fell 0.6 per cent to $82.4 billion in June. The agency says sales fell in five of the seven subsectors.

MISSISSAUGA, Ont. — Maple Leaf Foods Inc. has named Deepak Bhandari as chief financial officer of its pork business, which it plans to spin off as an independent, publicly traded company.

INNISFAIL, Alta. — Team Ontario has defended its title in the Inter-Provincial Team competition at the Canadian Junior Boys Championship at Innisfail Golf Club. Team Ontario edged runner-up Team B.C.

OTTAWA — Peter Baxter, the longtime athletic director at Wilfrid Laurier, has been appointed to Football Canada's board of directors. The governing body of amateur football in Canada made the announcement Wednesday.

TORONTO — Corus Entertainment is making several structural changes to cut costs, including shuttering its 900 CHML radio station in Hamilton after decades on the air.

TORONTO — Rogers Communications says Edward Rogers is becoming the company's executive chair effective immediately. The company says Rogers, previously chairman, will lead the development and review of the company’s long-term strategy for growth.