2 d. ago Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: Settlement hearing in bread class action A $500-million settlement in a pair of class-action lawsuits involving Loblaw Cos. Ltd. and its parent company George Weston Ltd. will go before a court Monday in Toronto for approval. If the settlement […]

Economics

4 d. ago Toronto cafe that abruptly closed down is reopening under new ownership

An indie coffee shop on one of Toronto's busiest streets for foot traffic has triumphantly reopened after a sudden closure that many feared would be its ultimate end after close to a decade serving the community.HotBlack Coffee has been serving up third-wave espresso drinks alongside a curated selection of local wines, merchandise, baked goods and other snacks near Queen Street and University Avenue since 2016, when it debuted with a fancy under-counter espresso machine, reverse-osmosis water filter and more in a polished space.But at the end of March, the Entertainment District staple abruptly locked its doors, posting a notice of an indefinite closure in its windows and on social media."Ever since the owner, Jimson, passed away, the company has sort of been sailing blindfolded in the middle of the ocean, mainly because [of] legal issues. This has to be sorted in the right way, and we figured the only choice is to end this chapter," staff wrote sho...

Other

6 d. ago Indigenous Partnerships and Economic Growth Take Centre Stage at the First Nations Major Projects Coalition’s 8th Annual Conference in Toronto this Week

Key sessions explored strategies to advance Indigenous equity, attract investment and drive sustainable economic growth, with over 1,800 attendees across First Nations, business, industry and government helping to shape Canada’s economic future TORONTO, April 30, 2025 (GLOBE NEWSWIRE) — Over the course of two days in the heart of Canada’s financial sector in downtown Toronto, […]

Culture

8 d. ago Carney’s Narrow Victory Buoyed by Voters in Toronto, Montreal

Canada’s Liberal Party held onto crucial ground in the Toronto and Montreal regions, helping secure a path for Mark Carney to remain prime minister even as support slipped from the last federal election.

Transport

2 w. ago Q&A: Answering important questions about tax fraud in Toronto's construction industry

Construction in Toronto is a huge business — a $1-billion business, to be exact. With so much money flowing into this industry, there are plenty of contractors looking to keep some cash for themselves at the expense of workers' rights.Being paid off the books in cash is one of the oldest practices in the business, and it's a strategy some contractors use to evade taxes. Importantly, this common practice results in an "underground economy" where GTA workers have fewer rights on job sites — impacting their safety and equitable pay.This practice is so widespread that, for many general contractors, it quietly becomes an understood expectation. So much so that not only do we see it on GTA housing projects, but even workers on government-funded capital projects like bridges and highways are being paid in cash under the table.Stopping the fraudThe scale of this issue, and the general knowledge gap amongst the p...

Economics

2 w. ago Vena Kicks Off FY26 With Record Growth, Product Innovation and Industry Recognition

Customer expansion, strategic hires and product advancements in FY25* reinforce Vena’s commitment to industry leadership and driving business value TORONTO — Vena, the #1 agentic AI-powered FP&A platform purpose-built to fully amplify the Microsoft technology ecosystem, today announced it is kicking off the fiscal year with momentum, following a strong close to FY25 marked by […]

Sport

3 w. ago Toronto businesses anticipate having to cut staff and freeze hiring due to tariffs

As much as we may want to avoid the subject, tariff talk continues to dominate the news cycle, with residents understandably confused about what's being taxed, from where, when, and how much — details that have changed multiple times at the whim of U.S. President Trump.As the levies persist, some cities will see greater impacts than others, as will some industries, though hardly any corner of the economy is immune. At a local level, the City of Toronto has launched an action plan that includes deferring industrial property taxes and a campaign urging residents to shop within their community rather than supporting American brands.Still, independent businesses are staring down the barrel of higher operating costs, logistical tribulations and more that, many say, will lead to even fewer jobs being available in the city when unemployment has risen to a brutal 8.7 per cent.Out of more than 500 small businesses that expressed their fears on th...

Economics

3 w. ago ‘Extremely vulnerable’: Toronto businesses brace for high costs amid tariffs

Toronto braces for U.S. tariffs as 75 per cent of local businesses expect rising costs. The city is pushing out an economic action plan to protect jobs and boost resilience.

Economics

3 w. ago What's open and closed on the 2025 Easter Long Weekend in Toronto

If you're searching for what's open and closed in Toronto this Easter long weekend, look no further. The Easter long weekend is upon us and that means we have a stat holiday coming up.Good Friday just so happens to land on April 18, 2025, and that means we're up for some closures in Toronto that might affect your plans. Though several businesses will be closed, and even into the weekend, there are still plenty of attractions and destinations that will be open as usual.We've compiled a list of what's open and closed on Good Friday and Easter Monday in Toronto. It's time to start making your holiday plans.While several Toronto malls will be closed on Good Friday, the Eaton Centre remains open.Good FridayHere's what's open and closed on April 18, 2025:ClosedCentrepoint MallYorkdale Shopping CentreCF Sherway GardensCF Fairview MallBayview VillageScarborough Town CentreVaughan MillsShops at Don MillsSquare One Shopping CentreMost grocery chainsLCBOBeer StoreToronto Public Library br...

Other

3 w. ago One fatality in Thursday morning apartment fire in Toronto’s Little Italy

One person is dead following a Thursday morning fire at a residence apartment above a commercial business at College St. and Manning Ave. Toronto Police say the blaze started around 10:22 a.m. with Toronto Fire attending. Cops say one person was pronounced dead at the scene, and two other people were taken to the hospital […]

Events

3 w. ago Roots has ‘limited’ tariff exposure, watching for shift in consumer sentiment: CEO

TORONTO — Roots Corp. says tariffs likely won’t have much of a direct effect on its business ,but could weigh on consumer confidence. Meghan Roach, chief executive of the Toronto-based apparel company, said the business has “limited exposure” to the tariffs U.S. President Donald Trump has levied on more than 180 countries. “We have a […]

Economics

4 w. ago Multiple collisions reported in parts of Ontario as winter weather returns

Another blast of wintry weather hit parts of Ontario this morning, resulting in multiple collisions that included a six-vehicle crash on one of Toronto’s busiest roadways. Environment Canada has issued a weather advisory for regions including Toronto, London and parts of southern Georgian Bay, which could see up to five centimetres of snow, while areas […]

Events

4 w. ago Guerrero's huge Toronto Blue Jays deal is biggest in Canadian sports history

The Toronto Blue Jays made perhaps their most impactful business decision in franchise history this weekend when they opted to keep Vladimir Guerrero Jr. on a long-term deal.The reported US$500-million contract over 14 years isn't just the biggest in Blue Jays history by a long shot — it's actually the biggest contract in Canadian sports history for a single athlete and the fifth-largest in the history of professional sports.Guerrero is a dual citizen of Canada and the Dominican Republic. He was born in Montreal during his father's time with the Montreal Expos, but he always represents his family's heritage internationally.George Springer's US$150-million contract over six years was the previous largest in Blue Jays history, while Joey Votto's US$225-million deal with the Cincinnati Reds was the previous high for a Canadian-born player.Looking at NHL deals, it's no real comparison.Of Canadian players, Shea Weber actually holds the record for most total money in a contract, wit...

Sport