The Globe and Mail

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TD re-enters Japan with Tokyo fixed-income sales desk

Toronto-Dominion Bank, Canada's biggest bank by assets, is setting up a fixed-income sales desk in Tokyo, re-entering the Japanese market after six years, a spokeswoman said.<p>The move highlights the competitive pressures Canadian investment banks are facing from international rivals, which has …

Bay Street

Before the Bell: What every Canadian investor needs to know today

Equity Markets<p>U.S. stock futures were lower early Thursday after the Federal Reserve turned slightly more hawkish than expected by signalling that one more interest-rate hike is likely on the way by year's end. In this country, futures on Bay Street were lower as crude and gold prices fell as the …

Economy

South Korea approves aid for North, as Pyongyang official compares Trump to ‘barking dog’

South Korea approved a plan on Thursday to send $8-million worth of aid to North Korea, as China warned the crisis on the Korean peninsula was getting more serious by the day and the war of words between Pyongyang and Washington continued.<p>North Korea's foreign minister on Thursday likened U.S. …

North Korea

Manafort offered to brief Russian billionaire on Trump campaign

In the middle of Donald Trump's presidential run, then-campaign chairman Paul Manafort said he was willing to provide "private briefings" about the campaign to a Russian billionaire the U.S. government considers close to Russian President Vladimir Putin.<p>Manafort's offer was memorialized in an email …

Donald Trump

Jimmy Kimmel slams Republican health care bill, calls Fox host a 'creep'

Jimmy Kimmel used his late-night platform to continue his assault on the GOP health care bill, firing back at critics including U.S. Sen. Bill Cassidy and "Fox & Friends" co-host Brian Kilmeade.<p>The ABC star on Wednesday was following up on his monologue from Tuesday, when he said the bill the …

Health Care

Trudeaumania down under? A New Zealand election primer

On Saturday, New Zealanders choose between the party that's governed for more than a decade and a young, popular upstart. Here's what you need to know<p>The basics<p>Incumbent Bill English is fighting to stay in the prime minister’s office when New Zealanders vote in a general election on Saturday.<br>• Mr. …

Jacinda Ardern

Hurricane Maria thrashes Dominican Republic after direct hit on Puerto Rico

Hurricane Maria thrashed parts of the Dominican Republic with heavy rain and high winds as it passed near its east and north coasts on Thursday after making a direct hit on Puerto Rico that caused severe flooding and cut power to the entire island.<p>Maria has killed at least 10 people as it raged …

Weather

Rescuers struggle to save trapped girl as Mexico hunts for earthquake survivors

Rescuers labored against long odds into the dawn on Thursday to save a 12-year-old schoolgirl and untold other survivors who may be trapped beneath crumpled buildings in central Mexico following the country's deadliest earthquake in 32 years.<p>More than 50 survivors have been plucked from several …

Mexico City

Workers at Canadian mining company protest in Athens

About 200 workers at a Canadian mining company in northern Greece are protesting outside the Development Ministry in Athens, demanding the government ensure the company continues operating.<p>Vancouver-based Eldorado Gold, one of Greece's largest foreign investors, threatened earlier this month to …

Greece

BOJ keeps monetary spigot open, new board member dissents

The Bank of Japan kept monetary settings steady on Thursday, but a board newcomer argued against the central bank's view that current policy was sufficient to boost inflation to its 2 per cent target in a sobering assessment of the outlook.<p>Goushi Kataoka, a vocal advocate of aggressive easing who …

Economy

Oil prices steady ahead of key OPEC meeting

Oil prices steadied on Thursday, holding most of their recent gains before a meeting of oil producers that could extend production limits aimed at clearing a glut that has depressed the market for more than three years.<p>Ministers from the Organization of the Petroleum Exporting Countries, Russia and …

Oil

S&P cuts China’s credit rating, citing rising debt

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Economy

The 12-penny divide: An extreme range of views on the Canadian dollar

Briefing highlights<p>Range of loonie forecasts extreme<p>'Durably strong'<p>The range of views on the Canadian dollar is growing extreme.<p>Indeed, there's a 12-penny divide among the most recent forecasts, from 75 cents (U.S.) to 87 cents.<p>Starting at the top, JPMorgan Chase sees the loonie at 87 cents by …

Economy

Premarket: Fed’s ‘Great Unwinding’ lifts U.S. dollar, yields and bank stocks

Signals the Federal Reserve will hike U.S. interest rates again this year and begin the 'Great Unwinding' of a decade of aggressive stimulus, drove the dollar to a two-month high versus the yen on Thursday and sent bonds and commodities lower.<p>Traders reacted predictably to what had been a …

Economy

It's a mad, mad, mad, mad market

Something crazy happened in the Toronto real estate market in the first few months of 2017. Sales shot up, prices spiked, and buyers who hesitated a single day could end up paying an extra 100 grand. And then, everything changed. We meet some of the characters who lived through what just might have …

Real Estate

Majority of small-business owners oppose Liberal tax changes: CFIB survey

A new survey of thousands of small-business owners shows strong opposition to the federal government's proposed tax rules.<p>The Canadian Federation of Independent Business survey found its grassroots members back the lobby group's condemnation of the government's plans, with 86 per cent of business …

Small Business

Truck driver in alleged Texas human smuggling case faces additional charges

The driver of a semitrailer found outside a San Antonio Walmart in July packed with immigrants, including 10 who died, faces additional charges in the smuggling case and another defendant has now been charged, federal officials said Wednesday.<p>The U.S. attorney's office in San Antonio said a grand …

Crime

Brett Anderson has outing to forget as Royals rout Blue Jays

At least the damage was done early enough so you could enjoy other activities, such as knitting or working your way through that Sudoku puzzle book.<p>When the score is 9-0 through the first two innings for the opposition, you have to be creative to pass the time.<p>The final score was 15-5 for the …

Baseball

Royals belt three home runs in rout of Blue Jays

Salvador Perez hit a two-run homer in Kansas City's eight-run second inning and the Royals went on to paste the Toronto Blue Jays 15-5 on Wednesday night at Rogers Centre.<p>Whit Merrifield and Mike Moustakas added solo homers as the Royals piled on with four more runs in the sixth inning. Starter …

Baseball

Disorganized Toronto FC falls to Impact for first home loss of the season

There was one big hiccup Wednesday night in Toronto FC's march to a record Major League Soccer season.<p>The Montreal Impact embarrassed a disorganized group of Reds by a 5-3 score in front of their own fans at BMO Field. It was their first home loss of the season. That put at least a temporary halt …

Soccer

Trudeau to use UN speech to recognize Canada’s relationship with Indigenous peoples

Prime Minister Justin Trudeau will use his address to the United Nations General Assembly on Thursday to describe the story of Canada's Indigenous peoples, the challenges they have faced over hundreds of years and how the government is working to rectify those issues.<p>Speaking to The Globe and Mail …

Canada

CRA crackdown on real-estate taxes fails to track collection results

Federal tax auditors have identified about $370-million in taxes owing from real estate transactions over a roughly two-year period in B.C. and Ontario, but it is unclear how much of that money has actually been recovered.<p>The agency doesn't track compliance based on particular audit targets, such …

Real Estate

Lupul apologizes for comments accusing Maple Leafs of injury cheating

Toronto Maple Leafs forward Joffrey Lupul has publicly apologized for recent comments he made on social media.<p>Lupul took to Twitter on Wednesday, speaking for the first time since Sunday when he said he was healthy enough to play hockey despite the fact he failed his medical on the first day of …

Ice Hockey

Opposition MPs urge Morneau to extend tax proposals to family trusts

Opposition MPs are accusing Prime Minister Justin Trudeau and Finance Minister Bill Morneau of shielding their family assets from the tax hikes they want to impose on small businesses and are calling for Ottawa to consider taking action on family trusts and other tax-saving structures favoured by …

Canada

Missing and murdered Indigenous women inquiry hampered by federal bureaucracy: chief commissioner

The head of the problem-plagued commission that is examining why so many Indigenous women have been murdered or gone missing in Canada says the inquiry's work has been hampered by the rules of the federal bureaucracy.<p>But Marion Buller told a Senate committee on Wednesday night that, despite …

Society

Looking for future change-makers

VIPs, from Justin Trudeau to performer Jessie Reyez, join forces to promote social action among youth in New York as thousands of people come together to celebrate WE Day UN<p>As world leaders discussed the flight of refugees, drug trafficking and human-rights violations at the United Nations General …

Education

Fallen Nova Scotia RCMP officer remembered as the ‘consummate Mountie’

Hundreds of RCMP officers in red serge filed sombrely into a New Brunswick church to pay tribute to a Mountie killed last week when he stopped to help stranded motorists change a flat tire.<p>The regimental funeral for Const. Frank Deschenes of the Nova Scotia RCMP filled St. Bernard's Catholic Church …

Nova Scotia

Lockheed-Martin urges federal government to consider offers for full fighter-jet replacement

The manufacturer of the F-35 stealth fighter aircraft is urging the federal government to skip its increasingly complicated plans to purchase an interim fleet of rival jets and open up tenders for the full replacement of Canada's CF-18s.<p>The head of the F-35 Lightning II program said that …

Aerospace

The future of family farms: Liberals' proposed tax changes spark concern about succession plans

The Compton family has been farming on Prince Edward Island for more than a century. Grant Compton, one of the current caretakers of the 2,000-acre potato farm, took over from his father in the late 1990s. And his father took over from his father before that.<p>The expectation had always been that …

Farming

St. Louis approves police body cameras after nearly a week of protests

St. Louis officials decided on Wednesday to supply police officers with body cameras for a year following nearly a week of protests touched off by the acquittal of a former police officer for the shooting death of a black man.<p>The city's Board of Estimate and Apportionment voted 3-0 to hire Axon …

Policing