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Higher rates more than offset home price drop to worsen affordability: report

Higher rates more than offset home price drop to worsen affordability: report

TORONTO — A new report says that while home prices are down compared with last year, higher mortgage rates mean affordability hasn't improved for Canadians. The report by Ratehub.
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Ontario regulator urges vigilance as fraudsters pose as homeowners to sell properties

TORONTO — An Ontario regulator is warning real estate brokers and agents to be vigilant for fraudsters impersonating homeowners looking to sell properties.
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Rugby Canada the latest national body to sign on to join Abuse-Free Sport

TORONTO — Rugby Canada has joined other national sports organizations in signing an agreement to join Abuse-Free Sport, the federal government program to prevent and address maltreatment in sport.
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RioCan Real Estate Investment Trust raises monthly distributions, reports Q4 loss

RioCan Real Estate Investment Trust raises monthly distributions, reports Q4 loss

TORONTO — RioCan Real Estate Investment Trust raised its payment to unitholders as it reported a loss of $5 million in its fourth quarter. The real estate trust says it will now pay a monthly distribution of nine cents per unit, up from 8.5 cents.
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Canadian Tire reports Q4 profit and revenue up from year ago

Canadian Tire reports Q4 profit and revenue up from year ago

TORONTO — Canadian Tire Corp. Ltd. reported its fourth-quarter profit and sales were up compared with year ago. The retailer says it earned net income attributable to shareholders of $531.9 million or $9.
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Toronto Mayor John Tory submits formal resignation after staffer affair

Toronto Mayor John Tory submits formal resignation after staffer affair

TORONTO — John Tory, who shocked Toronto residents with his admission of an affair with a former staffer, submitted his formal resignation from the mayor's office late Wednesday shortly after councillors approved what became his final budget.
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OHL Roundup: Burke powers Sting to 9-1 win over Storm

SARNIA, Ont. — Nolan Burke scored four goals to fuel the Sarnia Sting's dominant 9-1 victory over the Guelph Storm on Wednesday.
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Matthews returns from injury, Nylander stays hot as Maple Leafs down Blackhawks

Matthews returns from injury, Nylander stays hot as Maple Leafs down Blackhawks

TORONTO — Sheldon Keefe has asked his players to take more ownership in key moments. Auston Matthews — back in the Maple Leafs' lineup following an injury absence — and William Nylander took their head coach's words to heart early on Wednesday.
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Shopify reports $623.6 million net loss in Q4, revenue up 26%

Shopify reports $623.6 million net loss in Q4, revenue up 26%

TORONTO — Shopify Inc. executives warned investors and analysts that it is expecting personnel expenses to weigh on its 2023 outlook as it revealed its most recent quarter delivered a loss of US$623.6 million.
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S&P/TSX composite edges upward despite energy losses, U.S. markets also up

S&P/TSX composite edges upward despite energy losses, U.S. markets also up

TORONTO — Losses in energy on Canada's main stock index were offset by gains in other sectors, with the index posting a minor gain Wednesday, while U.S. markets were also up. The S&P/TSX composite index was up 15.60 points at 20,720.39.
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