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Ontario News
Ontario News
Ontario set to reduce developer charges to spur new home construction
TORONTO — Reducing developer charges, allowing more units on one residential lot, and pursuing rent-to-own programs are among a host of measures Ontario announced Tuesday aimed at tackling the housing crisis.
Oct 25, 2022 2:59 PM
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Foreign buyers tax hike won't have much effect on already cooling market, experts say
TORONTO — Ontario's surprise move to increase the tax paid by foreign homebuyers to 25 per cent won't have much effect on the province's already-cooling market, housing industry observers say.
Oct 25, 2022 2:44 PM
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HSBC says strong buyer interest helped prompt strategic review of Canadian division
TORONTO — The group head of HSBC Holdings Plc says the bank is exploring a sale of its Canadian division in part because it's had strong interest from other banks looking to buy it.
Oct 25, 2022 11:16 AM
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Insurance industry recommends climate risk score for houses
TORONTO — The Insurance Bureau of Canada is calling for the creation of a climate risk score that would indicate a property's susceptibility to damages caused by natural disasters.
Oct 25, 2022 11:15 AM
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James Butler, Sean Thomas Erlington, Dedrick Mills earn CFL players of week honours
TORONTO — Running backs James Butler, Sean Thomas Erlington and Dedrick Mills are the Canadian Football League's top players of the week. Butler, a running back for the B.C.
Oct 25, 2022 9:51 AM
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Canada coach looks to his youth for Americas Rugby Trophy match against Brazil 'A'
TORONTO — Canada rugby coach Kingsley Jones is looking to his youth Wednesday when Canada 'A' takes on Brazil 'A' at the Americas Rugby Trophy.
Oct 25, 2022 9:49 AM
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Venture debt in the spotlight amid tech downturn, falling valuations
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.
Oct 25, 2022 9:30 AM
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Canopy Growth looks to grow U.S. business with new holding company structure
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.
Oct 25, 2022 6:36 AM
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Heather Zordel resigns as chair of Ontario Securities Commission
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.
Oct 25, 2022 6:27 AM
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Ontario big city mayors set to test out strong mayor powers within a year
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.
Oct 25, 2022 6:10 AM
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