Ontario News

TORONTO — Canada's main stock index moved higher Wednesday after the Bank of Canada announced a highly anticipated interest rate cut, while U.S. markets rallied, with the Nasdaq gaining almost two per cent.

TORONTO — Toronto transit workers are headed for a strike Friday unless negotiations on key contract issues change drastically, their union president said Wednesday, while the transit agency said it remains optimistic a deal can be worked out.

TORONTO — Canadian banks are lowering their prime rates after the Bank of Canada cut its benchmark rate for the first time in four years. Banks including RBC, TD, BMO, CIBC and Scotiabank have lowered their rates to 6.95 per cent from 7.

HAMILTON — McMaster Children's Hospital has halted tonsil and adenoid surgeries after two children died following the procedures. A statement issued Wednesday by Hamilton Health Sciences says both children died after being discharged from hospital.

OTTAWA — The Liberal MP who invited a Tory backbencher onto his podcast says he's surprised the Conservative described feeling "ambushed" by queries about his long-standing and well-known opposition to abortion.

TORONTO — A Pamela Anderson cooking show and a new docuseries from Bryan and Sarah Baeumler are among the homegrown highlights of Corus Entertainment’s TV plans, with the broadcaster’s content boss touting a focus on unscripted “Canadian content that

OTTAWA — The sky was overcast but the sea was calm as a dark green amphibious vehicle rose up out of the gentle waves in Courseulles-sur-Mer, France, on Monday afternoon.

TORONTO — More than 70,000 children are seeking support through the Ontario Autism Program, but fewer than 15,000 of them are getting funding for core therapies, the province's Financial Accountability Office said in a report Wednesday.

TORONTO — Toronto's famed Phoenix Concert Theatre is closing its doors after more than 33 years. Owners of the downtown venue, which has hosted Bob Dylan, the Rolling Stones and Billie Eilish, said Wednesday they've marked Jan.

TORONTO — Real estate market analysts say the Bank of Canada's much anticipated decision to lower its key interest rate could be the sign that many would-be homebuyers have been waiting for to make their move.