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Ontario set to reduce developer charges to spur new home construction

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.
Foreign buyers tax hike won't have much effect on already cooling market, experts say

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.
HSBC says strong buyer interest helped prompt strategic review of Canadian division

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.
Insurance industry recommends climate risk score for houses

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.
James Butler, Sean Thomas Erlington, Dedrick Mills earn CFL players of week honours

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.
Canada coach looks to his youth for Americas Rugby Trophy match against Brazil 'A'

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.
Venture debt in the spotlight amid tech downturn, falling valuations

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.
Canopy Growth looks to grow U.S. business with new holding company structure

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.
Heather Zordel resigns as chair of Ontario Securities Commission

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.

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.
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