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Statistics Canada says household debt-to-income ratio lower in Q3, service costs up

Statistics Canada says household debt-to-income ratio lower in Q3, service costs up

TORONTO — The amount Canadians owe relative to their income edged lower in the third quarter, but the cost of servicing that debt relative to income climbed, Statistics Canada said on Wednesday.
At least one Canadian airline will be gone within two years, Porter CEO predicts

At least one Canadian airline will be gone within two years, Porter CEO predicts

Porter Airlines CEO Michael Deluce says the travel market is too small to keep all of Canada's airlines afloat for two more years, even as several embark on swift expansion plans — Porter most of all.
Ontario reversing course on Region of Peel dissolution, cites tax hike concerns

Ontario reversing course on Region of Peel dissolution, cites tax hike concerns

TORONTO — Ontario reversed course Wednesday on its plan to dissolve the Region of Peel, citing concerns about tax hikes in an about-face that has come to typify the latter half of the year for Premier Doug Ford's government, in particular on the hous
French actor Gérard Depardieu stripped of Order of Quebec after documentary remarks

French actor Gérard Depardieu stripped of Order of Quebec after documentary remarks

QUEBEC — The Quebec government has stripped French actor Gérard Depardieu of his Order of Quebec after "shocking" comments made by the actor came to light in a documentary film The release of a documentary in France this month showing him repeatedly
Scotiabank increasing North American focus, could exit some foreign markets

Scotiabank increasing North American focus, could exit some foreign markets

TORONTO — Scotiabank will focus its growth efforts closer to home and could exit some foreign markets under a new strategic plan outlined by chief executive Scott Thomson on Wednesday.

TSX gains two per cent, led by energy, while U.S. markets also gain after rate hold

TORONTO — Strength in energy, utilities and base metals helped lead Canada's main stock index up almost two per cent on Wednesday, while U.S. markets also jumped after the U.S. Federal Reserve announced it is keeping its overnight rate unchanged.
Five facts about Peel Region as Ontario drops plan to dissolve it

Five facts about Peel Region as Ontario drops plan to dissolve it

Ontario is scrapping its plan to dissolve Peel Region west of Toronto, citing concerns that it would lead to significant municipal tax hikes.
Canadian cities report rise in homelessness and in tent fires as winter sets in

Canadian cities report rise in homelessness and in tent fires as winter sets in

HALIFAX — Cities across Canada are reporting a rise in fires, sometimes deadly, in tents and other shelters used by unhoused people — a situation advocates say is a tragic consequence of the country's homelessness crisis.
After court cases and death threats, Montreal suburb's deer cull to go ahead in 2024

After court cases and death threats, Montreal suburb's deer cull to go ahead in 2024

LONGUEUIL, Que. — A Montreal suburb announced Wednesday that its long-delayed cull of deer that have overrun a local park will finally go ahead in the fall of 2024.
Former captains highlight list of Rugby Canada's Hall of Fame Class of '23

Former captains highlight list of Rugby Canada's Hall of Fame Class of '23

Former Canada captains Mike James and Jen Kish lead the list of nine inductees to Rugby Canada Hall of Fame as the Class of 2023. They are joined by fellow players Andrea Burk, Mark Cardinal, Steve Gray and Julianne Zussman.