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Despite FTX crisis, it's not the end for the crypto sector, says industry insider

Despite FTX crisis, it's not the end for the crypto sector, says industry insider

TORONTO — It's been a wild week in the crypto market following the collapse of exchange platform FTX, but an industry insider says that while the situation is probably one of the most unfortunate events in the history of the asset class, it's not the

Pivot Air crew detained in Dominican Republic since April could return home soon: CEO

MISSISSAUGA, Ont. — Pivot Air's chief executive says paperwork filed in a Dominican Republic court today could allow the airline's five staff kept in the Caribbean nation since April to return home soon.
Manulife to appoint former Teck Resources CEO Don Lindsay as board chair in February

Manulife to appoint former Teck Resources CEO Don Lindsay as board chair in February

TORONTO — Manulife Financial Corp. says it will name Don Lindsay as chair of the company's board early next year. Lindsay will replace John Cassaday, who will retire in February after 30 years on the Manulife board, including the past five as chair.
Gerry Schwartz to step down as CEO at Onex, Bobby Le Blanc named next CEO

Gerry Schwartz to step down as CEO at Onex, Bobby Le Blanc named next CEO

TORONTO — Gerry Schwartz, founder of Toronto-based private equity firm Onex Corp., will step down from his role as CEO of the company after nearly 40 years. The billionaire, who turns 81 this month, will remain chairman of Onex.
Ontario withdraws labour board case seeking to declare CUPE's walkout illegal

Ontario withdraws labour board case seeking to declare CUPE's walkout illegal

TORONTO — Ontario's labour relations board says the provincial government has withdrawn its application to have a walkout by 55,000 education workers declared illegal.
'Very traumatized': Father seeks change after autistic son's encounter with police

'Very traumatized': Father seeks change after autistic son's encounter with police

When Majd Darwich heard the sound of police sirens speeding past his home in Mississauga, Ont., last week, he instinctively ran upstairs to check if his nonverbal autistic son was still in his room. His 19-year-old wasn't there.
Thomson Reuters plans to acquire SurePrep in US$500 million deal

Thomson Reuters plans to acquire SurePrep in US$500 million deal

TORONTO — Thomson Reuters Corporation says it has signed a deal to acquire U.S. company SurePrep, LLC, in a transaction worth US$500 million.
Toronto could face 'extreme' service cuts, tax hikes without financial aid: Tory

Toronto could face 'extreme' service cuts, tax hikes without financial aid: Tory

Toronto Mayor John Tory appealed to the provincial and federal governments for immediate financial help on Thursday, warning that without it the city could face "unprecedented" tax hikes and "extreme" service cuts.
Algonquin Power & Utilities reports Q3 loss, cuts guidance for full year

Algonquin Power & Utilities reports Q3 loss, cuts guidance for full year

OAKVILLE, Ont. — Algonquin Power & Utilities Corp. reported a $195.2-million loss in its latest quarter and cut its financial guidance for the year. The power utility, which keeps its books in U.S.
Hydro One reports $307M third-quarter profit, up from $300M a year ago

Hydro One reports $307M third-quarter profit, up from $300M a year ago

TORONTO — Hydro One Ltd. reported a third-quarter profit of $307 million, up from $300 million in the same quarter last year. The power utility says the profit amounted to 51 cents per diluted share for the quarter ended Sept. 30.