Ontario News

TORONTO — Protracted labour shortages in Canada could fuel more rapid wage growth and inflation over time, potentially prompting the need for higher interest rates long-term, a new RBC Economics report released Wednesday said.

Toronto FC has sold Canadian international winger Jayden Nelson to Norway's Rosenborg BK. The 20-year-old from Brampton, Ont., made 50 appearances across all competitions since joining Toronto as a homegrown player in January 2020.

TORONTO — Urgency was the key word at an electric vehicle conference Wednesday as manufacturers emphasized the need for more coordination and government support in order to take advantage of the tectonic shift underfoot in the automotive industry.

TORONTO — The current season ofCBC's detective dramedy “Pretty Hard Cases” will be itslast. The series broke the news on its Twitter account andCBC confirmed the cancellation by email to The Canadian Press.

TORONTO — Hot off winning two Grammys on Sunday, Canadian singer-songwriter Tobias Jesso Jr. has sold the rights for part of his song catalogue to a prominent music investment company.

TORONTO — Canadian director Atom Egoyan is reuniting with actor Amanda Seyfried for an opera-set feature film.

TORONTO — The parent company of the master franchisee of Tim Hortons coffee shops in China says it has signed a deal for the exclusive development of Popeyes in mainland China and Macau. TH International Ltd.

TORONTO — Brookfield Asset Management Ltd. says its share of the latest quarterly profit of the asset management business it owns with Brookfield Corp. amounted to US$19 million.

TORONTO — Automakers have made high-profile price cuts for some of the most well-known electric cars this year, but experts say the overall sticker shock of buying vehicles will prove harder to remove.

TORONTO — Brookfield Reinsurance has signed a deal to buy Argo Group International Holdings for US$1.1 billion in cash. Argo is a U.S. focused underwriter of specialty insurance products.